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so I have the same situation. plan on reporting it in the retirements plan section. what I'm confused about is what code I use in box 7. is it "P" or "8". what is the difference with these two codes? if I take care of it now, can I ignore the 1099R I receive in 2026? thanks.

OK, TELL US ABOUT OUR CLERGY HOUSING: Parsonage or housing allowance = 0 (put nothing or zero). Do fill in your qualifying expenses, continue.   This is absolutely incorrect.  Box 14 is a memo field, it is not used by the IRS for official purposes, and Turbotax will not tax your housing allowance properly (it is subject to SE tax even though it is excluded from income tax) unless you enter the housing allowance in the followup interview.  Box 14 is not enough. 

Receipt of an IRS 6174-A letter means that you are on their radar.  Given your limited activity in recent years, it is hard to understand why that is the case.   At the very least, construct a file of your crypto holdings should you be contacted by a tax authority in the future.   To ease your mind, you may want to contact an accounting or legal professional who is familiar with crypto tax reporting.

Thank you Annette, The fact that you pointed out that it includes dividend income, (which was already entered on the previous page), would explain the large number. I had assumed since you estimate next years dividend income, and entered it previously, that it wouldn't be included in the "other income" entry box. All of this is in the interview portion of calculating next years estimated tax.   Thanks again,   Fred

No, you do not need to amend your 2024 return.   The entry under "Corrective distributions made before the due date of the return" goes on line 2 of Form 5329. For line 3 line 2 is subtracted from line 1 but you do not enter a negative amount. Therefore, your return doesn't change and you do not need to amend your return since each time you will ended up with $0 (or blank field) for line 3.

You cannot file a joint return with a spouse who does not agree to file jointly.   If your spouse already filed as married filing separately, that leaves you with the choice to file MFS as well, or maybe to file Head of Household IF you lived apart for at least the last six months of 2024 and you have physical custody of the children.   If you did not live apart, then HOH is not an option which means married filing separately.   When you file MFS, you must adhere to several strict rules.   If your spouse used standard deduction you must also use standard deduction  or if he used itemized deductions then you are required to itemize deductions too.If you are in a community property state, it gets more complicated.   ( Community property states:  AZ, CA, ID, LA, NV, NM, TX, WA, WI )     https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM?srsltid=AfmBOopGqCNexowW0pYgvsf7ycIkrx4VjO_63UXv6vSnfu3UEGQiKQTh   https://ttlc.intuit.com/turbotax-support/en-us/help-article/income/getting-married-mean-taxes/L2RgmagpE_US_en_US?uid=m69on7t0     https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/married-filing-separately-community-property/L11CeLUMs_US_en_US?uid=m69ousyh  

It depends. If she does not meet the filing requirements for Minnesota (MN) she is not required to file as a nonresident. MN Filing Requirements $14,575 - Single  If her income is below the filing requirement she could file MN for a full refund. She is not required to do that. Who must file an Illinois tax return?  If you were an Illinois resident, you must file Form IL-1040 if you were required to file a federal income tax return, or you were not required to file a federal income tax return, but your Illinois base income from Line 9 is greater than your Illinois exemption allowance of $2,775 for 2024. @ChicagoJ 

Hi @VolvoGirl , I have confirmed that I over-paid. I changed employers.  I want to make sure that this extra amount is being deducted from my taxes. Where within TurboTax can I see if it is deducting this amount? All references online point to looking at a specific form, but that form isn't available within TurboTax. At this point, I don't know if I'm overpaying. There isn't a section in the deductions area that shows this nor do any of the summaries reference this deduction.    Thank you for your help!

To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and credit cards to TurboTax. This allows TurboTax to import your transactions directly. Categorize Transactions: Once your transactions are imported, you can categorize them as business, personal, or split expenses. Import to TurboTax: At tax time, you can import these categorized expenses into your TurboTax return. You can get started with the TurboTax Expense Monitor here.   Important points: You can use the TurboTax Expense Monitor at the end of the year to import your business expenses. However, it's designed to be most effective when used throughout the year.  By regularly connecting your financial accounts and categorizing transactions, you ensure that all expenses are accurately tracked and categorized, which can save you time and reduce errors at tax time1. If you  use it only at the end of the year, make sure to review and categorize all your transactions carefully before importing them into TurboTax.

Because the over-reported dividends relate to an audit of the partnership for a prior tax year, you will need to file Form 8978 to figure any additional taxes (or refund) due. You'll need to complete the form manually and mail separately to the IRS. Here's the IRS link for the form and instructions: About Form 8978.   There is no other way to handle this issue, sorry.

You can enter your 1099-G from unemployment by selecting the following: Federal Income Unemployment and Paid Family leave Then on the screen to enter the amount you received put a checkmark in the box that says federal or state income tax was withheld.  You will get a drop down to enter the amount or you will enter it on the next screen depending on which version of TurboTax you are using.