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March 18, 2026
3:43 PM
Your tax-free amount previously recovered would be your total investment in the contract less the amount in box 9(b). 9(b) reports your total investment less the amount recovered tax-free in previous...
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Your tax-free amount previously recovered would be your total investment in the contract less the amount in box 9(b). 9(b) reports your total investment less the amount recovered tax-free in previous years. You may need to ask your broker what you total investment in the plan was.
March 18, 2026
3:42 PM
there is no form 9060 in my return. when I search for the form nothing opens. the source for line 9b form 8960 is the form 8960 worksheet. there are 10 lines which each draw from different parts o...
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there is no form 9060 in my return. when I search for the form nothing opens. the source for line 9b form 8960 is the form 8960 worksheet. there are 10 lines which each draw from different parts of the return, which are correct in their parts, but do not carry over into the worksheet for 8960. how to fix?
March 18, 2026
3:41 PM
Yes. I would average the miles for all the years you calculate and then use that for the early years. As example, total all the years you find, divide it by the number of years you used to arrive at ...
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Yes. I would average the miles for all the years you calculate and then use that for the early years. As example, total all the years you find, divide it by the number of years you used to arrive at your total.
Next, see if adding the average miles per year to the earlier years makes sense based on the total miles on the vehicle for life (231954). If so, use your average for the earlier years, if it's too high, then lower the number for the earlier years. Take a 'common sense' look and you'll know the right miles to use.
@SyberKnight
March 18, 2026
3:41 PM
1 Cheer
No. It would not be considered abandoned. It would be considered sold if you totaled it.
To enter the disposition of a business asset take the following steps:
go to the Self-Employment ...
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No. It would not be considered abandoned. It would be considered sold if you totaled it.
To enter the disposition of a business asset take the following steps:
go to the Self-Employment section and select edit next to your vehicle.
Go through the steps and check the box that says I stopped using this vehicle in 2025
You will need to say you sold this vehicle
When you are asked for the sales price enter any insurance payouts you received.
Continue through answering the questions so that the property and any payouts can be properly allocated
The amount you can deduct will be limited by:
value of the car versus depreciation taken
Insurance payout
percent of use for business versus personal
Depreciation: If you used the car in previous years and the car is fully depreciated, then your cars value would already be $0 so you would not be able to take a deduction for this. However, if you received an insurance payout and the car was fully depreciated, then you would actually have a gain on the disposition of the vehicle and this would be taxable income.
If you used standard mileage deduction, you would depreciate your vehicle using the cents per mile allocated to depreciation based on the year. The portion of the business standard mileage rate treated as depreciation is:
27 center per mile for 2020
26 cents per mile for 2021 & 2022
28 cents per mile for 2023
30 cents per mile for 2024
33 cents per mile for 2025
If you used actual expenses, then you would look at your forms from last year to see your total depreciation taken on the vehicle. You will find this on the depreciation worksheet. If you took an accelerated depreciation method (ex. you bought the car in 2024 and took full depreciation, then it would have $0 value) Note: If you had a loan on this vehicle and your payout did not cover the loan, this amount is not deductible. The loan does not affect the vehicles sales price or value.
March 18, 2026
3:40 PM
Report it as "sold" to the insurance company for the amount of the settlement. The program should be able to calculate whether any part of the settlement is taxable income due to recapture of deprec...
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Report it as "sold" to the insurance company for the amount of the settlement. The program should be able to calculate whether any part of the settlement is taxable income due to recapture of depreciation.
March 18, 2026
3:40 PM
When you enter your income and expenses for your rental, TurboTax will ask you how many days the property was rented.
Go to Wages and Income and select rental income
Select Start or Upd...
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When you enter your income and expenses for your rental, TurboTax will ask you how many days the property was rented.
Go to Wages and Income and select rental income
Select Start or Update next to Rental Properties and Royalties (Sch E).
Answer Yes to the question Did you have any income from rentals or royalties?
Follow the on-screen instructions
As you enter the information you will need to indicate that this is the first year you rented the property, and also mark that the property was not rented every day during 2025.
March 18, 2026
3:40 PM
Can you clarify if she was a New York City resident before she moved to New Jersey? Thanks! @davidjedz314
March 18, 2026
3:39 PM
I should have added to my initial post. There is a screen with three RDM OPTIONS you can choose. First was stating that he's you did not take enough RDM. But the third is to request an exception and...
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I should have added to my initial post. There is a screen with three RDM OPTIONS you can choose. First was stating that he's you did not take enough RDM. But the third is to request an exception and waver from the IRS. There is a very small box you can enter your reason. I am using this explaining mine and my wife's RMD are correct having verified with my financial institution and explaining this is a known Turbo Tax coding problem that they are not addressing or providing a fix. I stand by my 1099Rs as correct. I am confident in my documentation. The IRS can review and can honor the request. The penalty TT calculates is $559. Shame on Turbo Tax.
March 18, 2026
3:39 PM
My mother passed in 2013. My father passed in 2022. A full two years after his death, I (as the executor) received a notice from MetLife that my father was the sole beneficiary of my mothers pension...
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My mother passed in 2013. My father passed in 2022. A full two years after his death, I (as the executor) received a notice from MetLife that my father was the sole beneficiary of my mothers pension plan. I was finally able to collect the funds, and dispersed amongst myself and three siblings in 2025. . The amount was roughly 12k each. I was able to finally close out his estate in 2026. There were no other assets. So the estate collected the pension payout but the heirs collected money from the estate. How the heck do we report? Is it income? He passed in south carolina which does not tax inheritance money. we all live in different states.
March 18, 2026
3:39 PM
If you are using TurboTax and get the "snag" message, try these troubleshooting steps:
If using Desktop - Make sure the software is updated . See this help article for instructions to run a ...
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If you are using TurboTax and get the "snag" message, try these troubleshooting steps:
If using Desktop - Make sure the software is updated . See this help article for instructions to run a manual update.
Reboot your device.
Check your firewall and antivirus settings. Make sure they aren't blocking any feature of the software. Please see this help article for more information.
Clear cache and cookies
If you are still having trouble, you might also try these steps if using Desktop version:
Run the Windows System File Checker tool to repair missing or corrupted system files.
Delete the downloaded file and download TurboTax again from InstallTurboTax.com. Sometimes files get corrupted during the download process.
Restart your computer in Selective Startup Mode, and then install TurboTax.
Install TurboTax on a different computer.
If you have tried all of the troubleshooting steps and the issue is still not resolved:
See this help article for instructions on how to contact TurboTax customer support depending on which product you are using.
@Tto
March 18, 2026
3:39 PM
1 Cheer
Remember that while contributions can either be for the current year or the past year (within limits), the conversion only happens on the date it happens. This is not a problem when reported correct...
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Remember that while contributions can either be for the current year or the past year (within limits), the conversion only happens on the date it happens. This is not a problem when reported correctly. In this case, you had a $2000 contribution in 2024 only, a $7000 contribution in 2025, and a $9000 conversion in 2025.
March 18, 2026
3:39 PM
1 Cheer
Yes, in 2026 TurboTax you'll need to correct the amount of basis that TurboTax is tracking for you, $11,000 instead of $4,000.
March 18, 2026
3:39 PM
line 9b fails to populate and does not let me manually enter directly or via worksheet for form 8960/quick zoom. How to fix?
March 18, 2026
3:37 PM
Go back through your Indiana return in TurboTax and verify the out-of-state income and taxes paid are entered. If you paid local tax to another state, Indiana usually allows a credit to prevent doubl...
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Go back through your Indiana return in TurboTax and verify the out-of-state income and taxes paid are entered. If you paid local tax to another state, Indiana usually allows a credit to prevent double taxation, but only if it was entered correctly in the “Taxes Paid to Another State” section. If that section was skipped or the income wasn’t properly allocated, the credit won’t show and your refund will be lower.
March 18, 2026
3:37 PM
Are you using Online TurboTax, desktop software for Windows, or desktop software for Mac? Also, are you using a VPN by any chance?
March 18, 2026
3:37 PM
That is strange! So you changed the amount for Pennsylvania tax withheld in Box 19 of your W-2 by .20 and your full credit was given in New Jersey? Did you enter the W-2 manually or import? It cou...
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That is strange! So you changed the amount for Pennsylvania tax withheld in Box 19 of your W-2 by .20 and your full credit was given in New Jersey? Did you enter the W-2 manually or import? It could be a rounding issue, but the original $106 credit is a mystery.
We can take a closer look at this if you're willing to send us a sanitized return (all personal info removed). To do this, click the ONLINE link at the top and choose 'Send Tax File to Agent'. You'll get a token number, which is best to post in a screenshot here. If you just type the number, it may be removed as being a phone number.
@DrCCCG
March 18, 2026
3:37 PM
form 8960 is not populating line 9b correctly. The worksheet for form 8960 line 9b is also not populated (all 10 rows are missing). I tried deleting form 8960 as suggested. the replacement form 896...
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form 8960 is not populating line 9b correctly. The worksheet for form 8960 line 9b is also not populated (all 10 rows are missing). I tried deleting form 8960 as suggested. the replacement form 8960 has the same error. The worksheet does not allow me to manually enter the data. interestingly, this was all correct until I switched from itemized deductions to standard deduction, which caused line 9b and the associated worksheet info to vanish. switching back to itemized deduction did not fix the problem. I called the help desk. The first person couldnt help me and hung up on me. the second person also suggested deleting form 8960, which didnt work. Then I was put on hold for nearly an hour. Can you please help? Is there any way to manually enter the data? (using the quick zoom takes me to the correct place, but does not let me manually enter anything) if it matters, I'm using a desktop version on mac. thanks!\
March 18, 2026
3:37 PM
I'm not sure of your question. If the IRS adjusted your taxable income that was reported last year, you can file an accuracy guarantee.
If you would like to explain more about your issue or how it ...
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I'm not sure of your question. If the IRS adjusted your taxable income that was reported last year, you can file an accuracy guarantee.
If you would like to explain more about your issue or how it is affecting this year, we are glad to help.
March 18, 2026
3:35 PM
I am unable to e-file it is telling me "transmission failed", wants me to check for updates online, but there is no link and where do I update ?
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March 18, 2026
3:35 PM
baldietax covered everything quite well, so I don't have anything to add.