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To clarify, was your value of all your traditional/SEP/SIMPLE IRAs $0 at the end of 2025?    Another option, did you have a loss before you made the conversion? If yes, then it is possible to have a left over basis that is carried over to the future.

No, collecting Social Security doesn't disqualify you from the Maryland pension exclusion.   Social Security benefits are already excluded from Maryland taxable income, so receiving both doesn't cause you to lose the pension exclusion.    For more information, see Maryland Form 502 instructions

Thank you for the reply. Further, may I ask, since the banks would not re-issue the 1099INT in the name of either the Estate, nor the Joint Tenant on the account, the Schedule B of the final 1040sr tax return up to the day before death, reflected post-death nominee interest deducted from other banking interest with $600 nominee to the Estate EIN, and the balance to the joint tenant SSN on the accounts- thus the Estate actually had only $600, which is exempt with no further interest to distribute, thus there is no interest to mention on line 1 of the form 1041 schedule k-1-- therefore why would the IRS object to no issuance of a k-1?  All of the documents show the paper trail of the interest. Please let me know what you think? Thanks

Friends, Romans, tax experts, lend me your eyes. Revisiting my issue from a year ago. I did end up reporting my excess Roth contribution in my 2024 return. I now have my 2025 1099-R from Fidelity and it correctly reports codes P and J, there is nothing in boxes 4 or 14.  To be redundant and ask what has already been graciously answered a year ago, can someone please confirm that I may ignore this 1099-R for my current return. Also because TT imported my data from Fidelity, my in progress return includes the above. Is it safe to simply remove the record of the 1099-R or would I be better off starting my return over and typing my figures in manually? I ask because I don't know if some piece of this irrelevant form might populate elsewhere in my current return unbeknownst to me. Thanks very much for your expertise.

I had the enabling property error and told to submit after March 6 after 2 rejections. I believe the Turbo Tax interview process doesn’t flow the answer to 25a. It leaves it with neither yes or no checked.  I think the interview is messed up. I switched to forms view (desktop version) …answered the question correct in the WORKSHEET…for 25..then submitted, my return. It was accepted today…March 1. I had no enabling property by the way. 

In TurboTax, at the screen Time lived in the home, the screen reads:   You will gain additional tax advantages if you lived in the home you sold for at least two years (24 consecutive or non-consecutive months).  Based on your home sale date, we have determined the cut-off date for the 24 month period is xxxxx.   You may access the screen at the sale of personal home under Wages & Income / Less Common Income / Sale of Home.

You can choose to clear and start over in TurboTax Online if you have not already paid for that product and decide to stay with Desktop, and you won't be charged for switching to Online.   See this help article to find how to review your fees in TurboTax Online. See this help article to find how to downgrade a product in TurboTax Online.    

Use these steps to downgrade your TurboTax Online product to a less costly or free edition: Open your return if you haven't already. In the left menu, select Switch Products.  Select Downgrade. Note: TurboTax Free Edition is for customers who are filing Simple Form 1040 Returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of taxpayers qualify. If you have additional forms or attachments, you’ll need to use a different TurboTax product.   You can also clear and start over to switch to a different product. This option erases your information to give you a fresh start in the new product you've chosen. ^ TurboTax FAQ - How do I downgrade to a different TurboTax Online product?   Is there a more specific reason the charge was added, or a type of income you entered? Not all tax return situations qualify for free filing.    Learn more: What qualifies as a simple tax return for TurboTax Free Edition?

If you can't find an option that fits your category in the Less Common expenses section in TurboTax. I think you could place it in the legal and professional section.    Here are some examples of the types of fees you can  expense:   Professional association membership fees Organization dues (including state bar dues) Legal fees for business matters Accounting fees Short-term consulting fees One-time management consultation fees One-time marketing consultation fees One-time engineering consultation fees One-time technical consultation fees Fees paid for website analysis Other outside consulting fees for short-term advice on specific deals One-time logo and web design fees Fees paid to talent agents and business and personal managers who aren't paid as employees

It happens when I'm trying to transmit.  It says before you e-file, we need a little more information. It then takes me to the 1099-R for his military retirement and saysNYS withholding cannot be greater than or equal to gross distribution or state distribution. 

Schedule 2 is used to report additional taxes that are not included on other forms, some of them are Social security and Medicare tax on unreported tip income, self employment tax among others.  See the following TurboTax help article for other things that could be included.     What is IRS Form 1040 Schedule 2? Review your return, and see what additional tax is being calculated on Schedule 2, once you know what tax it is, you could have more information as to what is causing TurboTax to complete this schedule.     How do I preview my TurboTax Online return before filing?  

It seems like you need to review your RMD questions. Please make sure you enter full $ amounts:   Click on "Search" on the top right and type “1099-R” Click on “Jump to 1099-R” and enter your 1099-R Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen Continue until "How much of this distribution applied to your December 31, 2025 RMD?" screen and select "The entire distribution was an RMD"  /or select "Some of this distribution was a RMD" and enter the amount of RMD and include the QCD amount (if this distribution includes RMD for other IRA accounts then you included the amount here)

I am so sorry for your loss. Regarding the bank account, you do not need to report that money as income on your tax return. Since you were a co-owner of a joint account, the "Right of Survivorship" typically applies, meaning the funds legally became yours the moment she passed away without having to go through probate.    In terms of Maryland, the state exempts direct linear heirs from paying inheritance tax.    As for your mother's final taxes, because her 2025 income was below the $17,750 filing threshold for someone over 65, you generally aren't required to file a final federal return for her unless she had taxes withheld that you’d like to claim as a refund for her estate.   Social Security will typically claw back the last month's payment, so it is a good idea to leave the amount of the last check in the account.   @sonicpoem [edited 03/02/206 3:00 PM PST]

It sounds like your entire distribution was your RMD, so this can easily get corrected by following these steps:   First, you should delete the erroneous Form 5329 that was generated:   Go to Tax Tools on the right hand panel inside of TurboTax Click on the down arrow and scroll down to Tools Click on Tools and select Delete a form from the menu items that appear in the Tool Center Click on the trash can icon to the right of Form 5329   Next, to designate the entire distribution as the RMD amount from Form 1099-R, do the following:   Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income Click on the pencil to the right of the 1099-R Click Continue through the entries you've made "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your distribution as your RMD that was due by December 31, 2025, Continue On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?", select "The entire distribution applied...", Continue When you reach, "Review your 1099-R summary, Continue (not the pencil) When you reach, "Let's go over any required minimum distributions (RMD), Continue (not the pencil)*   *Note: If deleting only Form 5329 and following the above steps does not resolve the error message, it will be necessary for you to delete Form 5329 again, as well as the Form 1099-R entry and then re-enter the Form 1099-R, so that the RMD is properly calculated.

Please fix the Canadian pension glitch - or suggest something that actually works. I have tried all of the suggested "fixes" and still cannot get rid of this item. Please help, I can't afford to waste anymore time on this.