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September 23, 2025
4:20 PM
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
Many people have multiple TT accounts an...
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You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m7e64td0
September 23, 2025
4:18 PM
Topics:
September 23, 2025
4:18 PM
I bought and sold all the stock in 2024 and received a final K1. The only sections filled were section L and 19a. The numbers are as follows: K1 section L Beginning capital account : blank capit...
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I bought and sold all the stock in 2024 and received a final K1. The only sections filled were section L and 19a. The numbers are as follows: K1 section L Beginning capital account : blank capital contributed during the year: 6300 current year net income (loss): blank other increase (decrease): (1119) withdrawals and contributions: (5181) K1 section 19a distributions: 5181 Do I report on the 8949 what is on the 1099b- a basis of 6300, a sales price of 5181 and a loss of 1119? And can I skip thevK1 section in turbotax?
September 23, 2025
4:17 PM
I suggest you have the Trustee withhold federal and state income taxes from your RMD instead of paying quarterly estimated taxes. Most people pay ES taxes in four equal installments. The first 3 we...
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I suggest you have the Trustee withhold federal and state income taxes from your RMD instead of paying quarterly estimated taxes. Most people pay ES taxes in four equal installments. The first 3 were due on 4/15, 6/15 and 9/15. While you can use the "annualized method" to calculate any penalties, it's a fairly complicated and cumbersome task. If the taxes were withheld by the Trustee, withholdings are considered paid evenly throughout the year. We pay ES tax to avoid underpayment penalties. Under the Internal Revenue Code (tax law), there are generally two ways to avoid them. Many states follow the same rules but not always, so check with your state for the rules. The IRS rules are pasted below. Because it's hard to accurately predict what 90% of this year's total tax will be, most tax preparers recommend paying 100/110% of prior year's total tax (depending on your 2024 Adjusted Gross Income, line 11 for Form 1040). Assuming 2025 is your first RMD year, chances are, your 2025 income will be higher than 2024. If that's true, just make sure your 2025 total withholding will be at least 100/110% of your 2024 total taxes (line 24 of Form 1040). Underpayment of estimated tax by individuals penalty | Internal Revenue Service Avoid a penalty You may avoid the Underpayment of Estimated Tax by Individuals Penalty if: Your filed tax return shows you owe less than $1,000 or You paid at least 90% of the tax shown on the return for the taxable year or 100% of the tax shown on the return for the prior year, whichever amount is less. If your adjusted gross income (AGI) for 2023 was more than $150,000 ($75,000 if your filing status for 2024 is married filing separately), substitute 110% for 100%. The IRS urges taxpayers to check into their options to avoid these penalties. Check your withholding often and adjust it when your situation changes. To do this fill out a new Form W-4 and give it to your employer. The Tax Withholding Estimator is a helpful tool. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.). Use Form 1040-ES to figure and pay estimated taxes on time. If you still prefer to pay quarterly ES taxes, I recommend you pay it electronically rather than mailing a check. The USPS discourages mailing of checks because of the potential thefts and whitewashing checks. For IRS, go to irs.gov to set up the payments. Use the 100/110% formula to calculate how much you may owe, and pay the entire amount ASAP. There will be some underpayment penalties unless you use the annualized method to calculate your 2025 Form 2210.
September 23, 2025
4:15 PM
I use TT Classic Deluxe desktop, and keep careful track of the .tax20xx data files that TT loads. For my 2024 return prep, I am seeking insight into the handling of carryovers, etc., when my ...
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I use TT Classic Deluxe desktop, and keep careful track of the .tax20xx data files that TT loads. For my 2024 return prep, I am seeking insight into the handling of carryovers, etc., when my 2023 return, e-filed 4.15.24 accepted, is not yet processed (don't even ask why, as, despite two phone calls and two meetings with my local IRS office, nobody can seem to tell me what the hold up is). Further, I found some errors in my 2023 return as filed, and am standing ready with an amended 2023 return to file when the IRS eventually finishes processing my 2023 return. (My research indicates that I should not jump the gun and file my 2023 1040-X until then.) For 2024 prep: do I ensure that TT is referencing the ORIGINAL 2023 .tax2023 return as filed -- I think this may be the correct approach -- OR do I ensure that, at least as to any corrected carryover items, that my 2024 return references the 2023 return with the corrections I believe are necessary at this time, and that I have entered in my "ready but not filed" amended 2023 .tax2023 file? I think my preference in preparing 2024 is that, when I encounter items for which my self-discovered corrections to 2023 have an effect , that I NOT perpetuate them in my 2024 return. I am comfortable with using Forms Mode to edit carryover amounts and add Supporting Statements. Thanks in advance for help with the concept, and with the handling of the TT software for 2024.
September 23, 2025
4:15 PM
Amy C Where is the information that needs to be deleted in order to not have RITA return as part of the filing?
September 23, 2025
4:07 PM
I'm currently filing my taxes as I did an extension and for some reason I'm not getting the lifetime learning credit, but I'm getting the full amount for the American opportunity credit. My income wa...
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I'm currently filing my taxes as I did an extension and for some reason I'm not getting the lifetime learning credit, but I'm getting the full amount for the American opportunity credit. My income was much lower then the 90,000 and I currently still owe 3000 in taxes. Can someone help or should I pay to talk to the live expert?
September 23, 2025
3:48 PM
How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up wi...
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How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/ If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. You can also request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
September 23, 2025
3:46 PM
September 23, 2025
3:46 PM
There is no restriction on the rollover being back to the same account from which the distribution occurred, other than the general one-rollover-per-12-months limitation on traditional IRA-to-traditi...
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There is no restriction on the rollover being back to the same account from which the distribution occurred, other than the general one-rollover-per-12-months limitation on traditional IRA-to-traditional IRA and Roth IRA-to-Roth IRA rollovers combined. The fact that the rollover can be to a different IRA does not preclude you from rolling the distribution back to the original IRA. The statute imposes no requirement that the receiving IRA be a different IRA.
September 23, 2025
3:26 PM
Publication 590-A
Rollover From a Roth IRA
You can withdraw, tax free, all or part of the assets from one Roth IRA if you contribute them within 60 days to another Roth IRA. Most of the rules ...
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Publication 590-A
Rollover From a Roth IRA
You can withdraw, tax free, all or part of the assets from one Roth IRA if you contribute them within 60 days to another Roth IRA. Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another, apply to these rollovers. However, rollovers from retirement plans other than Roth IRAs are disregarded for purposes of the 1-year waiting period between rollovers.
A rollover from a Roth IRA to an employer retirement plan isn’t allowed.
A rollover from a designated Roth account can only be made to another designated Roth account or to a Roth IRA.
If you roll over an amount from one Roth IRA to another Roth IRA, the 5-year period used to determine qualified distributions doesn’t change. The 5-year period begins with the first tax year for which the contribution was made to the initial Roth IRA. See What Are Qualified Distributions? in chapter 2 of Pub. 590-B.
Note that where it says most of the same rules apply as Traditional IRAs, then notes 3 exceptions. A self-rollover is not one of the exceptions. Self-rollovers are explicitly mentioned in chapter 1 under traditional IRAs.
More important, the A in IRA doesn't mean "account", it means "individual retirement arrangement." No matter how many traditional IRA accounts you have at different brokers, you have one "arrangement", and this is why the RMD and pro rata rules work the way they do. Likewise, no matter how many Roth IRA accounts you have at different brokers you have one Roth "arrangement."
But in fact, the rollover-->recharacterize-->convert method will work even if you open a different Roth IRA account. You made your withdrawal from broker 1. You could deposit the money in a Roth IRA at broker 2 (as long as you tell them it is a rollover and not a contribution), then recharacterize it as a traditional IRA at broker 2, then convert it to a Roth IRA at broker 1 or 2 (as long as it was a direct conversion). It makes no difference if you pass the money through broker 2 or back to broker 1 since you only have one individual retirement arrangement.
September 23, 2025
3:16 PM
I need to speak with an agent
Topics:
September 23, 2025
3:04 PM
we can't see what you did, but the extension payment needed to be entered in the tax payments worksheet which can be done this way
under deductions and credits tab > estimates and other taxes paid...
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we can't see what you did, but the extension payment needed to be entered in the tax payments worksheet which can be done this way
under deductions and credits tab > estimates and other taxes paid > view all
yes on next page should take you to page where you will see
payments with extension
select payment with federal 2024 extension
the amount should be there if not enter it.
if this doesn't work contact support for help.
September 23, 2025
3:04 PM
OK, so you have 60 days to do a rollover, that is a transfer from one Roth IRA to another or even back to the same IRA, without tax consequences. I would send the $4000 back to the Roth IR...
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OK, so you have 60 days to do a rollover, that is a transfer from one Roth IRA to another or even back to the same IRA, without tax consequences. I would send the $4000 back to the Roth IRA as a rollover, not an original contribution. This might take some extra paperwork (i.e. there might be a form to fill out that is more than a simple contribution). @Opus 17 Thanks for the advice. I'm trying to read up on the 60 day rollover option. Are you sure you can do it to the same Roth IRA account? It seems like it has to be a different IRA account: https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions Really appreciate the advice. I'll look into it further. Thanks!
September 23, 2025
2:55 PM
In your TurboTax 2024 tax return, where do you enter the payment made with your extension to file?
September 23, 2025
2:53 PM
1 Cheer
the OP needs to do nothing presently. The DCB will show up in box 10 of their w-2 and since she has no qualifying expenses will end being added back to taxable income. line 1e of 1040.
as t...
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the OP needs to do nothing presently. The DCB will show up in box 10 of their w-2 and since she has no qualifying expenses will end being added back to taxable income. line 1e of 1040.
as to where you can contribute the remaining amount to your DCB account, ask your employer.
September 23, 2025
2:48 PM
Topics:
September 23, 2025
2:34 PM
@tyentr99 wrote:
@Opus 17
I currently have $0 in any traditional IRA. I had rolled over my old traditional IRA with a balance of $1,894.76 to my Roth this year. I have not made any contri...
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@tyentr99 wrote:
@Opus 17
I currently have $0 in any traditional IRA. I had rolled over my old traditional IRA with a balance of $1,894.76 to my Roth this year. I have not made any contributions a traditional IRA this year.
My Roth IRA currently has $1,688.42 in it.
I made the $4,000 regular withdrawal today, so less than a day old.
Thanks!
OK, so you have 60 days to do a rollover, that is a transfer from one Roth IRA to another or even back to the same IRA, without tax consequences.
I would send the $4000 back to the Roth IRA as a rollover, not an original contribution. This might take some extra paperwork (i.e. there might be a form to fill out that is more than a simple contribution). But note that you can only do this kind of rollover (where the money comes to you in between) once per year. You can do as many direct transfers as you like.
Once the money is safely in the Roth IRA, you have two options. One is to withdraw the excess (plus earnings) via the special procedure. But if your ultimate goal is to have the money in a traditional IRA as a non-deductible contribution that you can convert to a Roth (backdoor Roth), then you don't need to withdraw and re-deposit it. Just do a recharacterization. You can recharacterize the Roth contribution as a traditional IRA contribution, this means the trustee will move the $4000 contribution (plus earnings) into a traditional IRA, as if it had been there all along. Then later you can to a conversion to a Roth IRA as a "backdoor" Roth. Yes, it's a lot of steps to end up right where you are now, but that's how the law works. When you do the Roth conversion, the earnings will be taxed at that time. But if you do the "withdrawal of excess" procedure the earnings will still be taxed.
Then, if you want to maximize your IRA contributions, you can make another $3000 non-deductible contribution to a traditional IRA (to get to a total of $7000 contributions for the year) and convert that to a Roth.
September 23, 2025
2:21 PM
I used a Dependent Care FSA for 2023 and 2024. I file Head of Household and claim one dependent while my unmarried domestic partner files Single. For 2025 I believe I erred by having my partner o...
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I used a Dependent Care FSA for 2023 and 2024. I file Head of Household and claim one dependent while my unmarried domestic partner files Single. For 2025 I believe I erred by having my partner open the Dependent Care FSA instead of me, based on higher tax savings (she's in the 22% bracket vs. 12% for me as HoH). In July she was laid off thanks to DOGE, and her DCFSA elections ended after $2,916.76 in daycare costs were reimbursed. I immediately claimed a Life Event to resume a Dependent Care FSA for myself, for the remaining $2,083.24 election. Then I realized that I was following the rules as if we were married, but she may not have qualified for the DCFSA at all, given that I intend to continue filing Head of Household and claiming the dependent. 1) How do I make this right? 2) Does she have to add her DCFSA election back as income? How? 3) Can I still use the DCFSA this year? Could it be the full $5,000? 4) FICA double dipping?? The IRS literature does not seem to address DCFSAs directly, other than to provide for employers to create them.