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October 12, 2025
10:08 AM
the IRS get form 5498 from the IRA custodians which tells it the RMD for the year. All the IRS cares is that you take the RMD. It doesn't care which qualified account it is taken from. you could have...
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the IRS get form 5498 from the IRA custodians which tells it the RMD for the year. All the IRS cares is that you take the RMD. It doesn't care which qualified account it is taken from. you could have 10 IRA accounts and take the entire RMD from just 1. However, there are special rules for inherited IRAs
October 12, 2025
10:04 AM
Software is not giving me a field to enter deductions for self-employed income (the income is entered). How do I get a field to open to add expenses ?
October 12, 2025
9:56 AM
It seems like once the taxes are "done" I cannot amend them. Note that I haven't mailed/filed these docs yet.
October 12, 2025
9:52 AM
In Nov 2024 I made a 2024 contribution of $7000 to Vanguard Roth within my $7000 limit (46 yrs old), then realized in Dec 2024 that I was over the income limit, so I recharacterized it ($7000 grew to...
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In Nov 2024 I made a 2024 contribution of $7000 to Vanguard Roth within my $7000 limit (46 yrs old), then realized in Dec 2024 that I was over the income limit, so I recharacterized it ($7000 grew to $7016 by then) with Vanguard as a Traditional contribution with the intent of following that with a backdoor conversion from Traditional back to Roth. I'm within the income limits that allow for that. In Feb 2025, I went ahead with the backdoor conversion ($7016 grew to $7062 by then) as a 2024 operation. Messy, I know. Better to do all steps right away, in the year it's intended for. Questions below: - In TurboTax Deluxe (desktop/downloaded software version), is my contribution $7000 to Roth ("even if you recharacterized it later")? - How do I treat the growth that it experienced by the time the next 2 steps of recharacterization to Traditional, then more by the time of the backdoor conversion back to Roth? I tried just following prompts in TT thinking the questions would be intuitive (Intuit!), but for me, they weren't, and during the final check in the software, it flagged a few issues and showed me the errors at their locations on the tax return form, at which point purple dust shot out of my ears and I realized I don't understand what it thinks I was trying to do! Thanks in advance for your advice on this (and I promise to do clean conversions in the future!)
October 12, 2025
9:47 AM
Hi Experts! I have been filling out form 8606 for 10+ years but just noticed on my 2024 taxes I forgot to fill this form out. I guess the reason I missed it was because I did not take any distri...
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Hi Experts! I have been filling out form 8606 for 10+ years but just noticed on my 2024 taxes I forgot to fill this form out. I guess the reason I missed it was because I did not take any distributions for 2024. I'm thinking I can just continue form 8606 in my 2025 tax return and life should be good. If ever audited, I can show 10+ years of form 8606 and the fact that I did not take a distribution in 2024. I do plan to take an IRA distribution in 2025 and adjust cost basis on form 8606 accordingly. Any thoughts and or advice on just waiting for 2025 tax return to catch-up on form 8606? I'm sure the best move would be to amend my 2024 tax for, but I'm looking to avoid the hassle and cost of amending my 2024 taxes. Thanks in advance for your input. Dave
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October 12, 2025
9:37 AM
@user17597544422 , I think you path is correct to proceed.
As far as NY state goes -- you can paper-file with notation that you have filed for ITIN ( despite their "No writing" dictate ) OR ...
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@user17597544422 , I think you path is correct to proceed.
As far as NY state goes -- you can paper-file with notation that you have filed for ITIN ( despite their "No writing" dictate ) OR just file after receiving the ITIN ( because any penalties etc. is generally based on amount owed). My personal pref. would be to paper-file and update later if needed. You can also call NYS tax office for suggestions explaining your situation.
Good Luck
October 12, 2025
9:27 AM
Yes, that makes sense regarding the election and potential exposure of her worldwide income. My spouse entered the U.S. in October 2024, so she was a nonresident for most of the year. We chose to fil...
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Yes, that makes sense regarding the election and potential exposure of her worldwide income. My spouse entered the U.S. in October 2024, so she was a nonresident for most of the year. We chose to file married filing jointly to claim the standard deduction, even though it means including her 2024 foreign income. But she paid taxes in other country so we can take credit overall we we will be getting a refund Since the return was already submitted through the CAA, I’ll go ahead and have her check Box E where it says (spouse of a resident aliens) sign the letter and send the response letter unless you disagree she should check a different box Do you know if I can paper file ny since I don’t have itin yet for my spouse? Ny says you can’t write anything on the return. The deadline is Oct 15 but we don’t owe anything, we should be getting refund
October 12, 2025
9:27 AM
If you are an independent contractor, mileage and travel expenses are business expenses. You didn't say what version of TurboTax you are using. If you are using TurboTax Online you have to use Premiu...
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If you are an independent contractor, mileage and travel expenses are business expenses. You didn't say what version of TurboTax you are using. If you are using TurboTax Online you have to use Premium in order to enter business expenses. If you are using the desktop TurboTax software you can enter business expenses in any version.
October 12, 2025
9:18 AM
@user17597544422 thank you for your reply. I suspected that ( i.e. CAA ). Now I understand why she received the letter from the ITIN processing center. So yes send in the response. However, I ...
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@user17597544422 thank you for your reply. I suspected that ( i.e. CAA ). Now I understand why she received the letter from the ITIN processing center. So yes send in the response. However, I would not ask for her to be treated as a resident because this may expose her world income to US taxation. Part of the issue is that generally a dependent visa confers the same tax status to the holder as that of the primary visa holder-- the question being what is her start date ? Is it the date of admission of the dependent or that of the primary visa holder ? By asking her to be treated as a resident for the entire year, you would be taking a stand that her world income for the entire calendar year -- the benefit being the ability to use standard deduction. But as you said you have already filed the return MFJ -- so this whole thing may be moot.
Is there more I can do for you ?
October 12, 2025
9:14 AM
Thanks. Good point; I hadn't thought about that. You could have left the last sentence off.
October 12, 2025
9:10 AM
There is no such thing as an "excess RMD." There is a lot of misunderstanding about the term RMD (Required Minimum Distribution). The RMD is not money that you took out of an IRA. It's the minimum am...
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There is no such thing as an "excess RMD." There is a lot of misunderstanding about the term RMD (Required Minimum Distribution). The RMD is not money that you took out of an IRA. It's the minimum amount that you are required to take out. The money that you took out of the account is a distribution, not an RMD. As long as the total distributions are at least as much as the total RMDs for all of your accounts, it doesn't matter if they're more than the RMD. You do not have to explain the excess, and you do not have to report the RMD amount for an IRA that you did not take a distribution from.
You should not have made up 1099-R forms that you did not actually receive. What you did is report distributions that you did not actually take. Each one was reported as a $1 distribution ($0.51 rounded to whole dollars). The IRS is not likely to bother you about it. TurboTax does not allow a zero distribution amount because you would not get a 1099-R for a particular account if you did not take any distribution from that account.
The RMD questions in TurboTax for 2024 are very confusing. They are revising the questions for 2025.
October 12, 2025
8:53 AM
@samartur Namaste ji
I wish more of the Indians whom are tax residents of USA, put their questions here in the community. While we are all volunteers, have no financial or other interest in Intu...
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@samartur Namaste ji
I wish more of the Indians whom are tax residents of USA, put their questions here in the community. While we are all volunteers, have no financial or other interest in Intuit / TurboTax etc., most of us are ex-tax professionals or extremely familiar with TurboTax. One does not have to be a user of TurboTax to put questions on this board. If one of us do not know the answer to your question, we will indeed reach out to another and/or research the subject. We are here to help others.
Namaste ji
pk
October 12, 2025
8:52 AM
You should not use an override. An override prevents e-filing and cancels the TurboTax accurate calculations guarantee. An override can cause the automatic calculations to break in unexpected ways.
...
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You should not use an override. An override prevents e-filing and cancels the TurboTax accurate calculations guarantee. An override can cause the automatic calculations to break in unexpected ways.
There is no "Native American Tax Credit." It's a scam pushed by various promoters or circulated on social media. Does the credit involve White River Energy Corporation in any way? They are one of the companies that have been accused of promoting the non-existent credit.
October 12, 2025
8:36 AM
Total novice situation and I apologize for not being able to get this right. I have worked with 4 TT live agents so far and each gives different advice. Situation: Invested in a partnership in ...
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Total novice situation and I apologize for not being able to get this right. I have worked with 4 TT live agents so far and each gives different advice. Situation: Invested in a partnership in Sep 2020 for $30K Additional capital call in Nov 2023 for $3.6K Return of capital (Distributions) $33.6K in July'24 ~$17K in July'24 ~1.4K in Dec'24 Total in 2024: ~$52K Final K1 for 2024 received in Sep 2025 Basis (capital account) calculated at start of 2024: $26K Net 2024 income: $27K Distribution: $52K Ending Basis 2024 (capital account): 0 I have followed TT prompts as follows: Partnership ended in 2024 Complete disposition Sold Partnership Interest Now I am at the Enter Sale Information and I am bamboozled (as are TT Live Agents) on what to enter on the Sale Price and Basis. On the one hand, it seems like there wasn't a sale, since the assets were liquidated and distribution made. Which makes the sale price and Partnership basis as 0. On the other had, I wonder if I should be using $52K as the sale price and $26K as the basis. Or is it $52K as the sale price and $0K as the basis? Tax Gods, I put myself at your mercy. :(
October 12, 2025
8:26 AM
Some users live in one state and work in another state, so they could need to file a return in the state they worked in. Or they could have income sourced from a state they do not live in and have ...
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Some users live in one state and work in another state, so they could need to file a return in the state they worked in. Or they could have income sourced from a state they do not live in and have a need to file a non-resident state return. There are a number of reasons why some users might need to file non-resident returns even if they live in a state with no state income tax. It probably took you longer to post your "ranty" question here than it would take to just say no to the software when it asks if you want to work on a state return.
October 12, 2025
8:21 AM
I have several IRA accounts that are subject to a RMD. This year I did not withdraw any money from some accounts but the total amount drawn from other accounts was sufficient to cover the total RMD. ...
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I have several IRA accounts that are subject to a RMD. This year I did not withdraw any money from some accounts but the total amount drawn from other accounts was sufficient to cover the total RMD. This is legal. I did not get a 1099-R for those accounts without any activity. So that I could show that the excess RMD covered all my accounts I entered manually some 1099-R's and entered the distribution as 0. This worked fine as i was later asked about RMD etc. But when I tried to finish the return I received error messages that the number in the distribution could not be 0 (or less than $0.50). It let me go until the last moment of sending the e-file when it refused this error. In the end I added $0.51 as the distributed amount and then everything went through. It would be great if TTax would allow the $0 entry. Or is there a different way I should/could have entered the additional RMD due?
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October 12, 2025
8:13 AM
I live in a state w/o a state income tax. TTax knows this. Why does it always ask if I want to work on the state tax when the fed tax part is done? It is very annoying... Please fix this next year!
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October 12, 2025
8:07 AM
I haven’t filed my 2021 return yet, and this is my last chance to get the refund. I made an extension payment that’s already entered in TurboTax. However, I also made another tax payment a day afte...
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I haven’t filed my 2021 return yet, and this is my last chance to get the refund. I made an extension payment that’s already entered in TurboTax. However, I also made another tax payment a day after the extension deadline just in case I hadn't paid enough. This second payment ended up being unnecessary and is now part of the overpayment that should be refunded. Yesterday I was told that this kind of payment shouldn’t be entered anywhere in TurboTax — that the IRS will apply it automatically when processing the return. I want to confirm: Should I leave that post-extension payment out of TurboTax and let the IRS handle it when calculating the refund? Or should it be entered somewhere (e.g., estimated payments or extension payments) to avoid under- or over-reporting? This is a big refund, so I need to get this part right.
October 12, 2025
8:05 AM
You don’t have to report it.