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July 30, 2025
6:29 PM
visit IRS.gov to check the status of your amended tax return. @raymond-leal60
July 30, 2025
6:26 PM
Thanks for the quick reply. I assume this is correct as I am not told to go back & amend my my 2022 return. The irony of all of this is I incorrectly made a 2023 IRA contribution before the filing da...
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Thanks for the quick reply. I assume this is correct as I am not told to go back & amend my my 2022 return. The irony of all of this is I incorrectly made a 2023 IRA contribution before the filing date & had to withdraw plus earnings. All of this happened in a 3 month period, yet I need to report all of the earnings which happened in 2024 on my 2023 return. I won't make that mistake again! Many thanks!
July 30, 2025
6:26 PM
I downloaded the 2023 software it’s the business one won’t let me change it.
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July 30, 2025
6:26 PM
I downloaded the 2023 software it’s the business one won’t let me change it.
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July 30, 2025
6:24 PM
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July 30, 2025
6:24 PM
If you already filed your taxes, ignore TurboTax until next year. @virgillreemer
July 30, 2025
6:14 PM
I added my affordable care act data and turbo tax resent it. Is this considered an amended return? How do I check the status of that?
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July 30, 2025
6:14 PM
if the rentals are reported on schedule E the disposition is reported through those Turbotax worksheets for the assets for the properties (asset entry worksheets)
July 30, 2025
6:13 PM
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July 30, 2025
6:00 PM
Where can I find a copy of my last filed returns
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July 30, 2025
5:57 PM
The 2023 1099-R Turbotax form interview will say that code P means "Return of contribution taxable in 2022", but the interview will ask if this is a 2023 1099-R or a 2024 1099-R. Select 2024 and the...
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The 2023 1099-R Turbotax form interview will say that code P means "Return of contribution taxable in 2022", but the interview will ask if this is a 2023 1099-R or a 2024 1099-R. Select 2024 and then the 1099-R is correctly reported in 2023. It is not reported in 2024 unless there were earnings in which case the earnings should be reported on a separate 2024 1099-R with a code 8 on box 7 to be reported in the year the earnings were returned
July 30, 2025
5:38 PM
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July 30, 2025
5:35 PM
3 Cheers
The annual limit on HSA contributions for self-only coverage in 2025 will be $4,300, a 3.6 percent increase from the $4,150 limit in 2024, the IRS announced May 9. For family coverage, the HSA contri...
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The annual limit on HSA contributions for self-only coverage in 2025 will be $4,300, a 3.6 percent increase from the $4,150 limit in 2024, the IRS announced May 9. For family coverage, the HSA contribution limit will jump to $8,550, up 3 percent from $8,300 in 2024.
8550*5/12 +4300*7/12= 6071
note we know nothing about the coverage the rest of the family had starting 6/1 for example if your spouse had a flexible savings health savings account effective 6/1 that would bar you from making any contribution for that portion of 2025
July 30, 2025
5:31 PM
I received a 1099-R for 2024 with Box 7 Distribution code P which is taxable in 2023. After I entered in my 2024 Return TurboTax tells me I need to amend my 2023 return. When I enter this into my...
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I received a 1099-R for 2024 with Box 7 Distribution code P which is taxable in 2023. After I entered in my 2024 Return TurboTax tells me I need to amend my 2023 return. When I enter this into my 2023 return and select Box 7 code P TurboTax reports that the excess earnings are taxable in 2022 with no choice option for 2023. Can someone in the community tell me how to get past this? I assume since the 2024 version tells me I must amend my 2023 return Intuit has addressed this. Thanks in advance!
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July 30, 2025
5:27 PM
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July 30, 2025
5:07 PM
1 Cheer
You will owe tax on the withdrawal at your marginal tax rate and if you are under 59 1/2 years old you will be assessed a 10% penalty.
July 30, 2025
5:02 PM
Any time you take money out of a retirement account like a 401k or an IRA, you will receive a 1099R at tax time from the financial institution that handles your account. That 1099R has to be entered...
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Any time you take money out of a retirement account like a 401k or an IRA, you will receive a 1099R at tax time from the financial institution that handles your account. That 1099R has to be entered on your tax return.
Here is some information from the IRS regarding whether money you take from a retirement account is taxable and/or if you will have an early withdrawal penalty:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-on-early-distributions
July 30, 2025
4:42 PM
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July 30, 2025
4:19 PM
I received a message from my bank saying that I exceeded my maximum contribution now that I am enrolled as an individual because I have gone over $4,300, but my understanding is that I should be able ...
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I received a message from my bank saying that I exceeded my maximum contribution now that I am enrolled as an individual because I have gone over $4,300, but my understanding is that I should be able to prorate and contribute the maximum for a family during the first half of the year, and the maximum for and individual the second half. With this, the max would be $6,425.
July 30, 2025
4:01 PM
Was able to manually complete the return with assistance from [PII removed] aTax Expert with TT.
The fields asking for Corporation/Estate/Trust name and FEIN can be left blank for Individuals a...
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Was able to manually complete the return with assistance from [PII removed] aTax Expert with TT.
The fields asking for Corporation/Estate/Trust name and FEIN can be left blank for Individuals and the subsequent fields can be manually populated with manually calculated proration values. Once populated, the values automatically transfer to the rest of the return. The Final Review complains about the empty Corp name and FEIN fields, but was instructed to ignore the warning and proceed to file-by-mail. [State of AL does not allow e-file because the foreign income attritubed to AL was different than in the 1040 due to my moving to AL in Sep 2024 and prorating the AL portion as one-third of the annual total]
Ms. [PII removed] has submitted internal request to add clear verbiage about leaving these fields empty, and to not trigger error message based on these fields being empty.
Let's see how the 2025 AL state software functions!