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So it did tax me for this year as an adjustment by adding it to my income. However, I was under the max contribution this year so I'm not sure if TurboTax will make this go away next year. I did call in and the person told me most likely it will go away but was not 100% sure. It was only $35 excess so he pretty much told me to see what happens next year and if it doesn't go away then I would need to sign up for live support which is additional fees for someone to look at the tax file.

Yes, you can submit prior year 1099s to the IRS.  I see Information Only 1096s  on the IRS website for 2022 and 2023, but they clearly state that they aren't scannable, and I don't see an option to order older forms through the IRS.    I do see some of these older forms available online through Ebay and I see that at least one company that advertises that you can efile through them, but I can't vouch for their accuracy. I know that Intuit's Quick Employer Forms does not currently let you create 1099s for a prior year.

     Definitely track and file 8606 when required. You have quality answers here but I wanted to join the discussion to add my circumstances so others might benefit from my experience. I made non-deductible contributions to my IRA in the 1980s for a few years that created basis. Roth IRAs were not yet in existence. My employer had no retirement plan but willingly matched your contribution to an IRA up to $1000 so you had immediately earned 100% on your investment. The limits you could contribute increased over the years as did the income threshold but the few years that I made non-deductible contributions have followed me into retirement.       Every distribution from a traditional IRA, whether that is a RMD or Roth conversion, has to be factored with your basis. For me, the basis is barely over 1% of the value of my IRA. The requirement to file form 8606 persists and is a real PITA for the complexity it adds to what should be a simple return for a retiree.  I have written to taxpayer advocacy services and “they don’t find it inconvenient”. The only escape that I see would be costly and that would be to do a Roth conversion for the entire traditional IRA at once pushing me into a higher tax bracket.       One thing I considered was to simply ignore the “basis” and pay taxes a second time but there looms a $50 or $100 irs penalty for failing to file the 8606 when required. I’d like to begin hiring someone to do my taxes, but the extra forms add extra costs for what would otherwise be simple. In short, in these days of Roth IRAs, “back door” Roth contributions, Roth 401Ks and 403bs, etc. etc., I do not recommend making non-deductible contributions to a traditional IRA if you can help it. The form 8606 requirement is like taking any number and dividing it in half; it gets smaller toward infinity but never becomes 0. I’d love to rid myself of this requirement for 1% of my IRA since I paid income tax on the money in the 1980s. Other than a complete Roth conversion ($), any hints?

TurboTax calculates Form 8960, Line 9b using a formula that considers the proportion of state, local, and foreign taxes relative to investment income. Specifically, it applies the ratio of total investment income to adjusted gross income (AGI) and multiplies it by the deductible state, local, and foreign taxes.   Regarding the SALT cap, TurboTax appears to use the actual deductible amount from Schedule A, meaning it does not include amounts exceeding the $10,000 cap.     If you're looking for official documentation within TurboTax, you may need to check  Form 8960 Worksheet, which traces the source of the calculation.   How does TurboTax calculate Form 8960 Line 9B?   Computation of Form 8960 Line B    

The property itself will be entered as an Asset under the Schedule E Rental Income and Expenses section of your return.     In the Property Profile section, if you checked the box that this is the first year you are renting the property (if it is), then questions about the property itself that are needed to set up the depreciation should be asked automatically.   If this is not the first year you rented the property, then go to the Assets section to enter the depreciation details for the property.  Based on the information you enter, TurboTax will calculate the depreciation amount for you.

If you live in IA and work in IL, file Illinois Form IL-W-5-NR with your employer so as to preclude withholding of Illinois income tax.  Here's a link to that form: https://tax.illinois.gov/content/dam/soi/en/web/tax/forms/withholding/documents/currentyear/il-w-5-nr.pdf

LIFETIME LEARNING CREDIT   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/expenses-qualify-lifetime-learning-credit/L7cpyQLrJ_US_en_US?uid=m6eg46im     https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/00/26844   https://ttlc.intuit.com/questions/3262984-who-is-eligible-for-the-lifetime-learning-credit

If the decedent received any of their RMD for the year before death, when preparing the decedent's individual tax return enter the Form 1099-R that was sent to the decedent and indicate as the required RMD only the amount actually take before death.   If trust completed the decedent's remining RMD for the year, simply enter the taxable amount as Other income, line 8 of Form 1041.  No need to explain that the distribution satisfied the RMD.

Si todavia no ha recibido un cheque debe contactarse con el IRS directamente para que le proporcionen mas informacion acerca del estado de su reembolso. Verifique con el IRS que direccion postal tienen en el sistema y a que direccion fue enviada, en que fecha fue enviada y el tiempo que tarda.  Aveces si el cheque es regresado al IRS, o el delivery no puede ser completado, el reembolso es enviado devuelta al IRS. 

As the trust is not terminated, form 1041 for 2024 should not be marked Final.   For 2025, if the trust has no income-producing assets and has gross income of less than $600, it is not required to file form 1041,

I don't think there is a blanket writing in any tax code that applies to all states that says secondary market AMD is taxable because it didn't come directly from the Treasury (and some AMD could be OID); it depends on the state tax codes which vary in their language and interpretation (interest vs. "income derived from", and some states explicitly exempt gains on Treasuries).  If in doubt it's best to seek out CPA expert in your state.   similar thread... https://ttlc.intuit.com/community/state-taxes/discussion/re-bond-interest-not-taken-off-illinois-taxes/01/3603692#M177403   and more recent thread of threads https://ttlc.intuit.com/community/state-taxes/discussion/re-accrued-market-discount-on-us-treasuries-for-nj-tax/01/3611494#M177810   In terms of solutions from all these threads, I've seen 2 practical possibilities: 1. Make a miscellaneous subtraction in your state return if the TT state program provides this ability.  Some have reported this precludes e-file, in NY for example.  Works fine in VA. 2. Use a 1099-DIV US Gov Obligations (USGO) entry.  See last thread for more details and link to an example from the person that thought of this, you can actually plug the AMD into a 1099-DIV as the USGO amount.  Not in Box 1 (which would double count AMD in Fed taxes as you can't turn off the Schedule B transfer), just the USGO $ amount which only impacts State - either using an existing 1099-DIV or create one just for this purpose with $0 in Box 1a (which would appear on Schedule B but $0 Fed impact).  TT doesn't validate that USGO amount should be less than Box 1a and will pass whatever amount there through to state subtraction.  I've not tried this myself so I can't vouch for any issues but it passed review in a quick test and I thought it was an interesting alternative to #1.   Not a CPA/Expert - hope this helps.

You should never receive a 1099-Misc or 1099-NEC from your employer for income earned as an employee, even if it is your final pay.  They are still required to pay the employers share of taxes and withhold your Medicare and SS taxes.  You should contact your employer and ask them to make the correction.     If they do not, you will need to enter your income by selecting the following:   Income Show More next to Less Common Income Start next to Misc Income Start next Other income not already reported on a form W-2 or Form 1099 Yes to did you receive any other wages Continue through to did you earn any other wages and answer yes Select employee compensation that was not reported on a W-2 Hit continue Report your wages and select I received a 1099-Misc for this income use reason code H   Myths About Misclassification  

Names are entered or edited in MY INFO.   If you have filed jointly for past returns it is a good idea to keep the order of the names the same from year to year.   Was your spouse listed first for 2023?