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April 12, 2025
4:32 AM
* Method 1- Thx, can I still e-file and then mail form 8453 with Box 8949 checked attaching hard copies of 8949 copy of my 1099B and my mutual fund & excel tracking of transactions? This is using su...
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* Method 1- Thx, can I still e-file and then mail form 8453 with Box 8949 checked attaching hard copies of 8949 copy of my 1099B and my mutual fund & excel tracking of transactions? This is using sum of sales for both covered and non-covered. * Method 2 - Sum of Sales for Covered, Line by Line for Non-Covered with adjusted cost basis. Based on your great feedback , I was able to enter the LT non-covered $0 cost basis section multiple lines in a line by line transaction in Turbo Tax and look up the approx trade date (over 10 years ago so no question on LT). Used $0 cost basis as shown on 1099B and then checked needs to be adjusted/incorrect cost basis and corrected for each one and then put in the correct adjustment. In this way, there was no requirement to send in form 8543 with 1099B and all data is outlined in 8949. Method 2 seems more accurate and streamlined.
April 12, 2025
4:30 AM
Yes, but only if already included in your Federal Adjusted Gross Income (AGI). It automatically transfers from the federal to state return.
April 12, 2025
4:25 AM
I cannot find where to make this change.
April 12, 2025
4:23 AM
1 Cheer
The worst thing that can happen is that the IRS will reject your return and you will still need to file by mail. So, in that case, give it a try and change the address to a real state and zip code. ...
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The worst thing that can happen is that the IRS will reject your return and you will still need to file by mail. So, in that case, give it a try and change the address to a real state and zip code.
April 12, 2025
4:22 AM
Switching to H & R Block is an option. However, after I emailed a help request to the President's office several employees of Intuit/Turbotax called me. Anna was one who called. These people stayed i...
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Switching to H & R Block is an option. However, after I emailed a help request to the President's office several employees of Intuit/Turbotax called me. Anna was one who called. These people stayed in contact until the software was fixed. Print issue resolved. One problem in twenty years isn't too bad. Considering the great assistance I received, I'll stay with Turbotax. Captain Yancey
April 12, 2025
4:20 AM
If entered properly, taxable scholarship shows up on line 8r of schedule 1 (then to line 8 of form 1040). Could be line 8z of Schedule 1. Also lines 1a,1b,1g, or 1h of form 1040.
April 12, 2025
4:19 AM
1 Cheer
1. No, she doesn't need to add cash. She already contributed $7,000 for 2024. She can contribute for 2025 and then convert the 2024 and 2025 contribution together.
2. Yes, you can contributed $...
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1. No, she doesn't need to add cash. She already contributed $7,000 for 2024. She can contribute for 2025 and then convert the 2024 and 2025 contribution together.
2. Yes, you can contributed $7,000 to the traditional IRA since you withdrew the $7,000 Roth IRA contribution (with a loss).
3. Your wife will select Roth IRA and you will select Traditional IRA. Don't select Roth IRA for yourself since you withdrew the Roth IRA contribution.
Click on "Search" on the top right and type “IRA contributions”
Click on “Jump to IRA contributions"
Select “traditional IRA” for you and "Roth IRA" for your wife
Answer “No” to “Is This a Repayment of a Retirement Distribution?”
Enter the amount you contributed to the traditional IRA
Answer “No” to the recharacterized question on the “Did You Change Your Mind?” screen
Answer the next questions until you get to “Any Nondeductible Contributions to Your IRA?” and select “No” since you had no Traditional IRA with basis.
Answer ‘Yes” on the “Roth IRA Contribution” screen
Answer “No” to “Is This a Repayment of a Retirement Distribution
Enter the Roth contribution amount
Answer “Yes” to the recharacterized question on the “Switch from a Roth To a Traditional IRA?” screen and enter the contribution amount of $7,000 (no earnings or losses) on the next screen.
TurboTax will ask for an explanation statement where it should be stated that the original $xxx.xx minus $xxx.xx loss were recharacterized.
On the screen "Choose Not to Deduct IRA Contributions" answer "Yes" (if you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible).
You will each have a 2024 Form 8606 with a basis on line 14 that will be carried forward to 2025.
Your conversion will be reported next year on your 2025 return since it happened in 2025. Please see How do I enter a backdoor Roth IRA conversion? for additional information.
April 12, 2025
4:18 AM
Does the IRS care at all about the address on W2s? The zip code on mine does not match a real address so TurboTax said I can’t efile. Other posts say if you have a wrong address just enter the w...
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Does the IRS care at all about the address on W2s? The zip code on mine does not match a real address so TurboTax said I can’t efile. Other posts say if you have a wrong address just enter the wrong address from the W2 into the w2 address field, since your mailing address is correct in the TurboTax software entered at the beginning. However the address on my W2 is not even a real address. So may I change the w2 address to be a real address? To correct the state and zip code? Then it will not match what is on file with the IRS about my W2. An example if I worked in Yellowstone National Park. My incorrect W2 states: Yellowstone National Park, NY 90210 This city, state, zip does not exist and is being flagged as an error. Corrected address: Yellowstone National Park, WY 82190 This would not be flagged as an error, however it does not match what is sent to the IRS. (Or state of WY) I have to paper file if I don’t correct the address to be a real mailing address. My company will not issue a correction for an address. They will only issue a correction for a dollar amount or social security error. (I have tried) Any help would be great.
April 12, 2025
4:17 AM
No fed tax withheld on code 4 1099R. Fed tax withheld on the code 7 1099R. No state tax withheld on any of them. Do I need to compute state taxes?
Topics:
April 12, 2025
4:17 AM
I suggest that you start by checking the posting of your state information.
The state information is typically at the end of your document.
W-2 Boxes 15-20
1099-R Boxes 14-19
1099-IN...
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I suggest that you start by checking the posting of your state information.
The state information is typically at the end of your document.
W-2 Boxes 15-20
1099-R Boxes 14-19
1099-INT Boxes 15-17
All other forms are posted in a similar manner.
Confirm that each income source is clearly posted.
You can also see a summary of your state return
You can preview your tax return by going to:
On the menu bar on the left that shows.
Select Tax Tools
On the drop-down select Tools
Tip: If you don't see the dropdown for Tools,
Minimize the federal and state options using the down arrow.
On the popup menu
Select View Tax Summary
You can select a state and view the summary.
April 12, 2025
4:14 AM
Since you lived in two states in 2024, you will file two part-year resident returns. It does not matter which one you do first in this situation since you will prorate your income between the two st...
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Since you lived in two states in 2024, you will file two part-year resident returns. It does not matter which one you do first in this situation since you will prorate your income between the two states.
To prorate your pension distribution between the two states, use the amount reported on your Form 1099-R without considering the taxes that were withheld. As you go through the state return, TurboTax should show you the Federal amount that was reported. You can use that number and just prorate it according to the number of months you lived in each state to show how much would be taxable to the state return you are working on.
April 12, 2025
4:10 AM
I made about the same complaint. Honestly, whoever the executive was who approved this disastrous change needs to be reassigned to a less "demanding" job. Did somebody actually think this design was ...
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I made about the same complaint. Honestly, whoever the executive was who approved this disastrous change needs to be reassigned to a less "demanding" job. Did somebody actually think this design was a good idea? Did they do any focus group study? I can't believe they consulted anybody about these changes. And the thing I most missed was a starting table of 1099's from last year, one line per 1099, easily eyeballed to check what hadn't been updated for 2024, and what to delete. I couldn't get 1099-B's to show up separately to update. Only 1099-DIVs showed up when I chose to work on 1099-Bs, so I ended up having to manually add a new 1099-B.
April 12, 2025
4:10 AM
April 12, 2025
4:08 AM
If TurboTax is unable to deliver your refund via direct deposit,
We will send you a check issued by Intuit, for the full amount of your refund, minus any fees.
The check will be mailed to ...
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If TurboTax is unable to deliver your refund via direct deposit,
We will send you a check issued by Intuit, for the full amount of your refund, minus any fees.
The check will be mailed to the address on your federal tax return.
We want to make sure that the customer understands that they will not be charged for 5DE but may still have fees deducted from their refund if they chose to pay their TurboTax fees with their refund.
April 12, 2025
4:03 AM
Cannot finish my tax filings because the process will not take my APO address
April 12, 2025
4:03 AM
If you need more time, you can file for an extension with TurboTax.
See TurboTax Desktop in How do I file an IRS tax extension?
Remember, an extension gives you more time to prepare yo...
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If you need more time, you can file for an extension with TurboTax.
See TurboTax Desktop in How do I file an IRS tax extension?
Remember, an extension gives you more time to prepare your taxes, but it does NOT extend the time to pay your taxes.
If you have an indication that you will owe taxes, you should make the payment to avoid additional interest and penalties
This will give you until 15 October 2025 to file your taxes.
You can also file a Free federal tax extension here
You may have to do your state extension
Do I need to file an extension for my personal state taxes?
If you owe taxes, you must pay by April 15th.
To file for extension in the TurboTax program
On the menu bar on the left that shows.
Select Tax Tools
On the drop-down select Tools
There will be 4 green boxes
Select Tax Topics
Type Extension
You can start the extension process
April 12, 2025
4:01 AM
Thank you very much @JotikaT2 this was very helpful and I was able to successfully e file.
April 12, 2025
4:00 AM
Doc wants pre-filled or written form… won’t take time
Topics:
April 12, 2025
3:56 AM
Please clarify your situation.
This forum can answer many questions or direct you to someone who can.
April 12, 2025
3:54 AM
1 Cheer
Last things first. I did a review of my tax forms and fixed everything that was flagged as a problem. When I tried to file electronically, there were half a dozen 1099-DIV forms that needed Payer IDs...
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Last things first. I did a review of my tax forms and fixed everything that was flagged as a problem. When I tried to file electronically, there were half a dozen 1099-DIV forms that needed Payer IDs to be entered before the tax forms could be e-Filed. How did these tax forms get through the review process when the e-Filing process picked up more things that needed to be fixed? Everything that needed to be fixed should have been caught in the review process. Some bug in the program design, or a bug in the programming itself managed to get into the production version. Entering 1099s was a nightmare. Instead of a nice table of 1099s for various types, ie DIV and INT, or B, theres a multi page length display of text and graphic boxes for each 1099 from the previous year that requires lots of scrolling because only 2 or 3 items can fit on the screen at one time. Then selecting something to enter goes to the import screen, and if you are entering manually, skipping imports takes you back to another screen where you have to select 1099-DIV again as an example. Why would the designer do such a thing? The first time you get to an import screen, there should be a button to turn off the import screen and go directly to a manual input screen. The manual input screen should have a button top go back to an import screen. And why doesn't the program remember that you were trying to update a 1099-DIV after it leaves the import screen? Last year's version you could see a list of all the various types of 1099s when you needed to edit them. That version worked just fine, and easily allowed me to see which 1099s had been entered, and which had not been. This year's version is just a mess.