All Posts

I have a clarification here. I did a backdoor roth contribution. I reported the non deductible contribution in 8606 part 1 but forgot to fill out part II line 16 and 17.  What impact would this have and do I need to resubmit a correction?

@Ttly15 You prepared a return for a business?   Was it for a c-corps, S-corps, partnership or multimember LLC, or an estate?   The only  versions of TurboTax Business that you can use online are Live Assisted Business ($739, state additional fee) or Live Full Service  Business ($1749, state additional)  .    The desktop download for TurboTax Business can be downloaded to a computer that uses Windows and that costs about $190-- depending on whether you purchase it from Intuit or from a retailer such as amazon etc.    There is no  online "do-it-yourself" version of TurboTax Business.    If you have a sole proprietorship or are self-employed you can use online Premium or any version of desktop download software to prepare a Schedule C.       How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k  

Unless you have a pdf of the return, you will not be able to open a 2009 return.   There is a service called taxprinter.com that can open and print tax files when you do not have a pdf.  They are not part of TurboTax and we do not know about their fees.

@Rightfield Were you able to get TurboTax to actually print IRS 8582 page 3 somehow? If so, please share your procedure. If not, are you planning to just manually complete IRS 8582 page 3 from the PDF on the IRS website?

@markorec wrote: Thank you very much. Now I think I have a clearer picture. In 2026 based on my initial scenario, the "clawback" would be approx 12K total but  that's only Federal not SE income correct?   You have been a huge help. Now I hope the Turbotax program will calculate everything correctly.   Yes, only income tax, not SE tax.  And only paying income tax on $12k after SAVING tax (both income and SE tax) on $27k seems great.     Unfortunately, TurboTax is NOT set up for reporting vehicles (and other assets) that have varied in business percentage each year.  While you could enter the manually calculated numbers (like I explained above) in the "Sale of Business Property" section, I don't think that section affects things like the Qualified Business Income deduction and the Home Office limit, like it should.  You may consider a tax professional.

this is a public forum. there is nothing it can do to get you a refund.  we don't know what services you used so Turbotax may have earned that fee even if you filed with H&R.  have you called support and ask for the billing department,  

Had anyone successfully gotten a refund from them? I’m in exactly the same boat except I’m being charged $800 for it because it was business tax. I’m talking to the office of the president, and they will review my calls and let me know on Tuesday. If they decline my charge i will file a complaint with the FTB and file a chargeback with my bank.

DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”

Thank you very much. Now I think I have a clearer picture. In 2026 based on my initial scenario, the "clawback" would be approx 12K total but  that's only Federal not SE income correct?   You have been a huge help. Now I hope the Turbotax program will calculate everything correctly.

To accurately generate the MCTMT form on the NY tax return please do the following:  -Enter the MCTMT into the federal return under local taxes -Go into the State of NY return -Go through entire return -You are looking for the "Changes to federal return" -from this screen, scroll down to "business related adjustments" -The MCTMT will be the second selection under "business related adjustments" Happy NY tax returns to you!!  😎

You choose the option that says you do not have a W-2.   If your 2023 employer information transferred over to 2024, you can delete that W-2.    What other income do you have to enter?   Did you have any self-employment income?   Social Security?  retirement income?   Investment income?   Etc etc etc?