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March 4, 2026
2:30 PM
There is not a place on the Form 1040-X for an incorrect amount for underpayment penalties. Instead you must use Form 843. This is not a form in the TurboTax product because it's not part of the tax ...
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There is not a place on the Form 1040-X for an incorrect amount for underpayment penalties. Instead you must use Form 843. This is not a form in the TurboTax product because it's not part of the tax return. You will select a reason and complete, sign and mail the form to the IRS. Use your amendment details to complete the form. I would lean towards sending the correction with the Form 843.
Instructions Form 843
March 4, 2026
2:30 PM
1 Cheer
If the work you performed in New Jersey was not the final product sold to the customer, you would not report NJ income. The general rule is income sourced in a state is taxed by that state, which imp...
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If the work you performed in New Jersey was not the final product sold to the customer, you would not report NJ income. The general rule is income sourced in a state is taxed by that state, which implies a sale or payment occurred for the work in that state.
However, if the film was produced and finalized in New Jersey, you would need to file a non-resident New Jersey tax return.
March 4, 2026
2:29 PM
if I took loan from HELOC account and invested in brokerage account to buy stocks, can I offset the profit made in stocks with the interest on the Heloc account
March 4, 2026
2:29 PM
To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Inco...
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To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button
On the next screen click on Yes On the next screen click on Add investments On the next screen Skip Import On the next screen click on Other and continue
March 4, 2026
2:28 PM
Yes. You can go back and amend your return to take the standard deduction instead of the itemized deduction.
How to File an Amended Tax Return with the IRS
Married Filing Jointly v...
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Yes. You can go back and amend your return to take the standard deduction instead of the itemized deduction.
How to File an Amended Tax Return with the IRS
Married Filing Jointly vs Separately: How Should You and Your Spouse File Taxes?
March 4, 2026
2:28 PM
If the transfer to a Roth IRA is for the beneficiary (not you as recipient) they can report it on their own return (if required to file). Otherwise, the Form 1099-Q and Form 5498 reporting the trans...
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If the transfer to a Roth IRA is for the beneficiary (not you as recipient) they can report it on their own return (if required to file). Otherwise, the Form 1099-Q and Form 5498 reporting the transfer is sufficient for your records. You may also get a 1099-R from the 529 plan administrator showing the non-taxable transfer. As long as you made this as a trustee-to-trustee transfer (where the funds went directly to your Roth IRA from the 529 plan) and you did not exceed the $7,000 contribution limit, you do not need to report the transaction at all. If the 1099-Q distribution was for qualified education expenses (excluding the Roth transfer), you're not required to report it in your return. Here's more detailed info on Form 1099-Q. For more details, see the highlight in IRS Pub. 970. @billssn @domyown [Edited 03/05/2026 | 9:10 am]
March 4, 2026
2:28 PM
Please give me somebody live to help me with my taxes
Topics:
March 4, 2026
2:27 PM
I am using the desktop verson of Turbotax Deluxe, and need to report the sale of a second home. Is that possible in this version? If not, how do I upgrade my desktop version?
March 4, 2026
2:27 PM
Tax program is noting an error on Oregon State return requiring a State Tax ID number for the investment house. I have contacted the Investment house, spoken to my Financial advisor and finally calle...
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Tax program is noting an error on Oregon State return requiring a State Tax ID number for the investment house. I have contacted the Investment house, spoken to my Financial advisor and finally called the State of Oregon who all say that this number is not required. Can you tell me why this is happening and how I can fix it? URGENT really. Kyczy
March 4, 2026
2:26 PM
You may wish to track the source of the number on that form/line to see if it goes to a worksheet that you can adjust without an override. To do this, go to Forms (icon in the header), find Form 8960...
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You may wish to track the source of the number on that form/line to see if it goes to a worksheet that you can adjust without an override. To do this, go to Forms (icon in the header), find Form 8960, right-click the box/value on the line you need to change, and choose "Data Source." The pop-up window should provide more information on how that value was entered.
You may find that you do need to override the entry and enter the amount manually. Normally this would affect your return. But since you're filing a 2022 tax return, you will print and mail it (e-filing isn't affected).
March 4, 2026
2:24 PM
1. You can efile the MN without the property credit if you are a homeowner. A renter must file them together. Follow these steps, if you are a homeowner:
open to your state return
revisit/ e...
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1. You can efile the MN without the property credit if you are a homeowner. A renter must file them together. Follow these steps, if you are a homeowner:
open to your state return
revisit/ edit / update
continue through looking for Other Forms you May Need
uncheck the box for Property Tax Refund- Form M1PR
continue on
check to see if the program still has the M1PR
If so, delete the form. Using tax tools, select tools, then delete a form.
When convenient for you, file your Property Tax credit online here.
2. You can e-file your federal return now and the state later. When you get to the end to file:
select e-file for federal
select file by mail for state - this does not mean you will file by mail. It is telling the program not to efile it now.
when you are ready to e-file the state, come back through and choose to e-file the state return.
If you've already paid for your State return, but have not filed it, try to Contact TurboTax Support and use 'Billing' as your issue.
You should be able to Efile just your Federal return and R...
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If you've already paid for your State return, but have not filed it, try to Contact TurboTax Support and use 'Billing' as your issue.
You should be able to Efile just your Federal return and Request a Refund for the state you didn't file.
@jsajda
March 4, 2026
2:23 PM
This annoying bug still exists for TY25. My workaround is to put $.01 in box 16. You will also have to enter a state and a state ID. I use the federal ID.
March 4, 2026
2:22 PM
The return that was just filed is an Amended Return and is separate from the original return that was filed. Even though the amended return is adding to or correcting the original return, the IRS pro...
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The return that was just filed is an Amended Return and is separate from the original return that was filed. Even though the amended return is adding to or correcting the original return, the IRS processes it separately.
March 4, 2026
2:22 PM
I claimed $3000 in loss in 2023 and 2024. I have a remaining 4,307 loss and need to claim $3000 for 2025. How do I do that?
Topics:
March 4, 2026
2:21 PM
Of course my home address is correct on my return and of course I have no out of country address. That's why I'm asking the question. No, I am not taking the EIC, but that box on the front of my retu...
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Of course my home address is correct on my return and of course I have no out of country address. That's why I'm asking the question. No, I am not taking the EIC, but that box on the front of my return says nothing about the EIC, so it should be checked regardless. I am using the online version, so apparently I can't go in and check the box manually? Do I have any other option to get that box that should be checked to be checked? I refuse to submit a return with an obvious error on it. Will TurboTax fix this bug so I can submit an accurate return? Or can I get a refund on my TurboTax fees so I can get someone else to prepare my return accurately?
March 4, 2026
2:21 PM
Topics:
March 4, 2026
2:21 PM
under Deductions & Credits / Estimates and Other Taxes Paid
March 4, 2026
2:21 PM
I have 3 1099LTC forms issued by two different companies. Company A issued two 1099LTCs. The first one had the "Per Diem" box checked off and the second one had the "Reimbursed Amount" box checked ...
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I have 3 1099LTC forms issued by two different companies. Company A issued two 1099LTCs. The first one had the "Per Diem" box checked off and the second one had the "Reimbursed Amount" box checked off. Company B issued the 1099LTC with the "Reimbursed Amount" box checked off. One of the first statements is "Long-Term Care Payments. Payments received for long-term care are usually reported on Form 1099-LTC. Total the amounts received from all forms 1099-LTC for the long-term care of ...". At this stage you don't enter anything and can only press "Continue". The next question is: Gross Per Diem LTC Benefits: Enter the total amounts from box 1 of all Forms 1099-LTC received for (Name of Person) ONLY if the "per diem" box is checked in box 3 of the forms." Then it has you enter "Per Diem Gross Benefits". And this was done. It goes through a number of other screens. Then comes to LTC costs and the total number of days and costs are entered. Then it's done. The next screen allows me to enter a new person, but that doesn't apply. Where do I enter the 1099LTC payments for the "Reimbursed Amounts"? The first statement in TurboTax about totaling all amounts received but then only asking for the total of Per Diem amounts doesn't make any sense, especially if TurboTax doesn't ask about "Reimbursed Amounts". How and where do I enter the other 1099LTCs?
March 4, 2026
2:20 PM
@RogerD1 @CatinaT1 but why does Turbotax ask for the MV of IRAs for the case of someone with only a Roth conversion to report but without nondeductible contributions or basis in the IRA, which only r...
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@RogerD1 @CatinaT1 but why does Turbotax ask for the MV of IRAs for the case of someone with only a Roth conversion to report but without nondeductible contributions or basis in the IRA, which only requires Part II?