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Yo didn't mention which state and local tax jurisdictions are involved, but in general, your estimated taxes are what you pay in during the tax year based on your prediction of your income and deductions for the year. Depending on what actually happened during the year, your estimated taxes may or may not have been enough to cover your tax liability.   You can deduct both city and state taxes on your federal return. Each local jurisdiction may have its own rules.   TurboTax calculations are guaranteed and are based on the actual federal and state tax rates and any special rates that apply, such as self-employment tax and capital gains tax.   To calculate estimated taxes and prepare Forms 1040-ES:   With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link Answer No to the question Do you want to change your W-4 withholdings for 2025? Answer the questions about things like your 2025 filing status, income, and deductions Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2025 1040-ES payment vouchers when you print a copy of your return later   In addition, TurboTax's TaxCaster is available without opening your return and will estimate your total taxes for 2023.   You can also use the IRS Withholding Estimator to calculate amounts to be withheld from wages.   Please also see this TurboTax tips article for more information about estimated taxes.    

My guess is that there is no amount in box 16 (state distribution).   Use the same amount you see in Box 1 and Box 2 (prob the same amounts) and that might solve the issue.  If boxes 1 and 2 are different, I would use Box 2

There are a number of taxes that don't necessarily reflect in the tax tables - sometimes (many times) the tax calculation isn't quite that simple.   We're happy to take a closer look at it for you if you'd like. For us to do that, we do need a "Diagnostic file" from your tax return.  This preserves the numbers and calculations but scrubs all of your personal data out of the return.   You can send one to us by following the directions below:   TurboTax Online: Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response.  A screenshot works best. TurboTax Desktop/Download Versions: Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number (including the dash) that was generated in the response.  A screenshot works best. *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)  

If you'd like, we can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.   If you're using TurboTax Online: Once you're logged in to your account and have your amended return open, - on the left hand panel, click on Tax Tools and then choose Tools - on the pop up window, select Share my file with Agent - you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information. - click okay and you'll get another message with a token   If you're using TurboTax Desktop: Click on Online in the top menu of TurboTax Desktop for Windows Select 'Send Tax File to Agent' Write down or send an image of your token number and state then place in this issue. We can then review your exact scenario for a solution   Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.

Assuming you are referring to the Employer Identification Number (EIN) in Box b of your Form W2, it must be 9 numbers.  You will need to reach out to your employer for the correct numbers if that is the case.   If you are referring to something else, please clarify so that I can assist you further.

If the conditions for a corrective distribution are met, the original contribution is treated as if it had not been made, but the distribution of income earned by the IRA on the excess contribution is taxable in the year of the contribution.  So in your case the income removed, which is reported on your 1099-R must be included on your 2023 tax return.  You need to amend your 2023 tax return and report the income.  I'm not clear on exactly how you reported your excess contribution for your 2023 return, so I'm not sure what you need to report.  If you reported the excess contribution as if you had received a Form 1099-R, you can ignore that part and you only need to enter the amounts that relate to the earnings that are reported on the Form 1099-R.  The following are the instructions for how to report the removal of your 2024 excess contribution and earnings:   For a return of an excess Roth IRA contribution (with earnings when applicable) you will use code codes J and P.  Code P will indicate a "Return of contribution taxable in 2023".  That can be ignored since a follow-up question will tell the program that it is taxable in 2024.   Since you made a "timely correction" you will receive a 2025 Form 1099-R in 2026 with codes P and J. This 1099-R will have to be included on your 2024 tax return and you have two options:    Wait until you receive the 2025 Form 1099-R in 2026 and amend your 2024 return or Report it on your original 2024 return and ignore the 1099-R when it comes.   You can create a Form 1099-R in your 2024 return as follows:     Make sure you are logged in to your return  Click on the "Search" on the top right and type “1099-R”  Click on “Jump to 1099-R” Answer "Yes" to "Did you get a 1099-R in 2024?" Select "I'll type it in myself" Box 1 enter total distribution Box 2a enter the earnings (if applicable) Box 7 enter J and P Click "Continue" On "Is the IRA/SEP/SIMPLE box on this 1099-R checked?" screen answer "No, the box is blank"? On the "Which year on Form 1099-R" screen say that this is a 2025 Form 1099-R. Click "Continue" after all 1099-R are entered and answer all the questions. Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount of earnings under "Corrective distributions made before the due date of the return".   You can do the same thing for your 2023 amended return, but adjust the amounts so they only include the income portion, if you reported the corrective distribution on your original 2023 return.

If you are using TurboTax Desktop you can click the blue "Start a New Return" button on the main screen when you first open the program (see screenshot). If you're using TurboTax Online you'll need to create a new account.   

When you start the amendment, you can click on Live Tax Advice (in the upper right hand corner) to add that feature.   Follow the instructions linked below.    How do I amend my federal tax return for this year?

Thank you very much, Mary.   For the prepayment, am I required to make the payment related to the realized gain over the underlying transaction before the coming quarterly due date (either federal or state)?   For example, I sold stock today with realized profit and I must make the estimated payment before Jun 16?  If I sell more in August, then pay before Sept 15?  I cannot make a large estimated payment at the year-end, right?   Thanks again!

My guess is that there is no amount in box 16 (state distribution).   Use the same amount you see in Box 1 and Box 2 (prob the same amounts) and that might solve the issue.  If boxes 1 and 2 are different, I would use Box 2 .