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Hi - I cannot find this tax credit in turbotax. Do you have more details on where it can be found/entered?
TurboTax has an accuracy guarantee and will pay any penalties based on the error but does not pay any taxes owed. See this - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-accou... See more...
TurboTax has an accuracy guarantee and will pay any penalties based on the error but does not pay any taxes owed. See this - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/submit-claim-turbotax-100-accurate-calculation-100/L88SYklBL_US_en_US
Yep, mine was just rejected because of the Energy Credit I submitted.  Says to check back mid-march and try to submit it again due to some problem.  Wonderful TurboTax strikes again.  
"he cannot do that because it already passed their deadline of fixing errors for 2024" - Actually I am happy to hear that, because too many HSA custodians really have no idea how to apply the HSA reg... See more...
"he cannot do that because it already passed their deadline of fixing errors for 2024" - Actually I am happy to hear that, because too many HSA custodians really have no idea how to apply the HSA regulations. However, this leaves more work for you.   First, you will need to determine at what point over the year, your contributions became excess. You start your earnings calculation from that date with the amount that is excess.    Then to calculate the earnings, please look at the following paragraph from page 3 of the Instructions for form 1099-SA:   For HSAs and Archer MSAs, if you are reporting earnings on a distribution of excess contributions, use the method under Regulations section 1.408-11 for calculating the net income attributable to IRA contributions that are distributed as a returned contribution. If the amount in box 2 includes earnings on excess contributions, enter distribution code 2 in box 3.   Unfortunately, I can't do the calculation for you, because that would have me crossing the line into being considered to have substantially done your tax return (i.e. I would have to sign your return).   At this point, you might seriously consider having professional help to do your return. As you surely have noticed, TurboTax would happily do your return for you (meaning everything, not just this section 1.408-11 calculation). Please see TurboTax Full service.
Is your version 025.000.0269? You can find it under help>About or alternatively under Windows installed programs and features. Optionally you can manually download and re-install the latest update (i... See more...
Is your version 025.000.0269? You can find it under help>About or alternatively under Windows installed programs and features. Optionally you can manually download and re-install the latest update (it won't hurt to reinstall it) from: https://ttlc.intuit.com/turbotax-support/en-us/help-article/update-products/manually-update-turbotax-windows-software-basic/L3Wf9OPaf_US_en_US   Hope this helps. @debsolson 
Not looking to amend my return, this is a filing question
? the 2024 return did not automatically transfer to 2025, how do i enter loss carry forwards?
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after I entered 1099R and confirm it converted to Roth IRA, there is no option to fill form 8606 for 2025 conversion.
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Hi, In year 2021, my 8606 Total Basis is $6,000. In year 2022 and 2023, my Traditional IRA contribution were tax deductible (so no 8606 produced). In year 2024, my Traditional IRA contribution is ... See more...
Hi, In year 2021, my 8606 Total Basis is $6,000. In year 2022 and 2023, my Traditional IRA contribution were tax deductible (so no 8606 produced). In year 2024, my Traditional IRA contribution is $7,000, but the 8606 Total Basis is $0 (it should be $6,000, from year 2021, somehow Turbotax didn't carryover the Total Basis from 2021). -- I didn't realize this mistake.   So two questions: 1) How should I correct the wrong Total Basis in 2024? 2) I am about to file my 2025 tax, should I put in the corrected Total Basis, i.e., $6,000 (from 2021) + $7,000 (from 2024) = $13,000 Total Basis?   Thank you for reading.  
It depends: Property you purchased and held as an investment, can deduct a loss. Property owned by your business, can deduct a loss. Personal property you use, can not claim a loss. If... See more...
It depends: Property you purchased and held as an investment, can deduct a loss. Property owned by your business, can deduct a loss. Personal property you use, can not claim a loss. If you had an allowable loss, it is entered under the investments section.   Reference: Where do I enter investment sales? Do I need to report inherited property or land?
Have you figured this out. I have over 1000 transactions and Turbo Tax is making me manually check NO for every single one on my desktop version of Home and Business.
At the end of the interview for the 1095-A, on the Summary page, check to make sure you haven't entered the 1095-A twice.    If not, dd you share your Marketplace policy with someone who is not o... See more...
At the end of the interview for the 1095-A, on the Summary page, check to make sure you haven't entered the 1095-A twice.    If not, dd you share your Marketplace policy with someone who is not on your tax return?  If so, they needed to enter the 1095-A on their return also.  If that applies, in the 1095-A interview you both can indicate that you 'shared' the policy and give the SSN of the person you shared with.     If this situation doesn't apply, you could reach out to the Health Insurance Marketplace at 1-800-318-2596. They can verify the status of your policy and correct any errors in their records.   @jeremyjohnston625     
SLCP percentage calculation for marriage filing separately
This is ridiculous.  I have over 1000 capital asset transactions and I will have to check NO for Is this a digital asset for every single one.  I don't understand this.  This was not part of the capi... See more...
This is ridiculous.  I have over 1000 capital asset transactions and I will have to check NO for Is this a digital asset for every single one.  I don't understand this.  This was not part of the capital asset worksheet in last's years desktop version