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I did not have to reinstall after upgrading Win-10 to Win-11 but all three years I had installed updated when I opened the program and then required me to enter the codes again. I had 2020 and 2021 b... See more...
I did not have to reinstall after upgrading Win-10 to Win-11 but all three years I had installed updated when I opened the program and then required me to enter the codes again. I had 2020 and 2021 but lost my code for 2022 Home & Business. But I also entered a new Windows Key because I upgraded from Win-10 home to Win-11 Pro. I wonder if they would have worked if I have tested them before entering a new Windows key code.
@irunalot  I should have said that if you choose to not have withholding, you need to make an estimated payment by January 15 (you can do this online at www.irs.gov/payments) and then also include ... See more...
@irunalot  I should have said that if you choose to not have withholding, you need to make an estimated payment by January 15 (you can do this online at www.irs.gov/payments) and then also include form 2210 with schedule AI with your tax return. 
I have the same problem, I bought a CD from Costco and lost the CD but I always write down the license codes but for some reason it's short two digits. It was installed on Windows 10 but upgrading to... See more...
I have the same problem, I bought a CD from Costco and lost the CD but I always write down the license codes but for some reason it's short two digits. It was installed on Windows 10 but upgrading to Windows 11 pro required a new Windows license and to reenter TT codes. I had had the correct codes for 2020 and 2021 but not 2022 . . . If I need to, I will just have to buy another code. It's not that much money and it was my own fault but the fact I lost the CD AND wrote the code down incorrectly is a strange coincidence since I have all the other CD's and the codes written down. The question now is, why did my upgrading win-10 to Win-11 require the license code to be re-entered???
I have tried everything.  Turbo tax will not install on Win 11.  WHY?
If you have the Desktop program you  can try entering it in Forms mode.  That's been working for other things like 1099R.  
Identity theft is real, unfortunately. For some people, concerns about possible identity theft and security start to grow when a tax filing is rejected due to a social security number. Often though... See more...
Identity theft is real, unfortunately. For some people, concerns about possible identity theft and security start to grow when a tax filing is rejected due to a social security number. Often though, an e-file reject is simply caused by a typo or a dependent claimed by the wrong parent. But that spark of doubt has been lit. And, if your identity actually has been compromised or stolen, it can be a scary situation. The good news is that, although it’s time-consuming to repair any damage that may have been done, it's generally something that can be resolved! While you might think you’ve done all you can to protect your identity, there are “bad actors” out there who are skilled at various methods to get the information they want. Fortunately, TurboTax has resources to help you proactively protect yourself and steps you can take to “fix it” if any damage has occurred.   TurboTax Security - Secure Online Tax Prep  Tax Tips If You Have Had Your Identity Stolen - How to protect your tax file and other steps to take. What to do if you suspect tax-related identity theft - The first things to do, plus other great resources you need to know about. Tips for Handling Identity Verification Requests From the IRS - Did you receive a 5071C Letter? Who is IDnotify and what is their relationship to TurboTax? - Learn about how it works with TurboTax’s audit and identity theft support (monitoring, restoration, insurance) in the Plus Help & Support, MAX Defend & Restore, and Premium Services. Get peace of mind! Security Tax Tips - The motherload of security resources to learn about scams, identity theft, Identity Protection pins, steps to take, and so much more!   If you need tax advice or have questions that aren't answered in the links above, please ask in our Taxes forum that best fits your needs!
The program is not yet robust. Continuing updates will be made with acceptable functionality in mid to late January and updates will be released even after that time. 
I purchased the 2025 version to estimate tax.  The K-1 part can't even be filled  out with an estimate and retirement not available to estimate Social Security and Medicare.  I want to be below the l... See more...
I purchased the 2025 version to estimate tax.  The K-1 part can't even be filled  out with an estimate and retirement not available to estimate Social Security and Medicare.  I want to be below the limit so that there is no tax on SSA and realize that some will be taxed.  So, I purchased 2025 and can't even use it for estimates.      
Awesome!  Thank you so much for the quick response.  Happy holidays!
1. Yes. 2. Correct.  3. No, the $9600 is not a contribution, it's a rollover.  Make sure you tell the plan that it is a rollover/conversion and not a contribution.   You have 60 days from rolling... See more...
1. Yes. 2. Correct.  3. No, the $9600 is not a contribution, it's a rollover.  Make sure you tell the plan that it is a rollover/conversion and not a contribution.   You have 60 days from rolling over the main portion to send in the extra $9600.  Just tell the Roth trustee that this is a rollover, they don't need to know it is part of the other conversion.  Because this counts as an "indirect rollover", you can only do this once per 365 days. 4. When you enter the 1099-R, Turbotax will ask what did you do with the money.  You answer that it was all converted to a Roth.   If you don;t have withholding, you can probably avoid a penalty by including form 2210 with schedule AI on your tax return.  This form tells the IRS that although your tax payments were uneven, your income was also uneven.   Also note (for future conversions) that the timing rules work in your favor if you do the conversion between January and March.  If you convert between January 1 and March 31, you don't need do withholding, and instead you owe 1/4 the estimated amount on April 15, June 15, Sept 15 and Jan 15.  That allows you to hold some of the money back and invest it elsewhere in the mean time.    
@user17653808496 wrote: ....taxed at my capital gains rate (0%) or at my income tax rate (TBD, but let's say 25%). They're taxed at your marginal rate (the "let's say" 25%) after the threshol... See more...
@user17653808496 wrote: ....taxed at my capital gains rate (0%) or at my income tax rate (TBD, but let's say 25%). They're taxed at your marginal rate (the "let's say" 25%) after the threshold is exceeded (which I believe is $2700).
Looking for some clarification.  My 2025 MAGI will be over $260k once I complete a $40k Roth conversion this month (Dec 2025).  If I withhold 24% of the conversion, only $30,400 rolls into my Roth an... See more...
Looking for some clarification.  My 2025 MAGI will be over $260k once I complete a $40k Roth conversion this month (Dec 2025).  If I withhold 24% of the conversion, only $30,400 rolls into my Roth and the remaining $9600 pays the federal taxes.  Some questions:   1)  I'm assuming since I do a withholding, there's no underpayment penalty?  Am I correct?   2)  Can I then use my separate savings account to put $9600 into the Roth (60-day rollover) and not incur any penalty?  This way, I get the full $40k into the Roth.   3)  Is that $9600 capped because my MAGI is large this year?  In other words, is the $9600 considered a Roth contribution, rollover, or what is it actually?  I think it's a rollover because I'm assuming the 60-day rollover allows this, but this is where I get confused.     4)  How will TT treat the $9600 rollover?  There's no document because I'll be using my bank account.     I do realize this rollover strategy is only allowed once in 12 months.  I didn't do this last year so I think I'm good there.    Many thanks to all!!   
Thanks for your reply.
What 2024 info did you you add?  Last week the Online version was only for 2025 returns.  Online for 2024 closed Oct 31.   Did you buy the 2024 Desktop download program?  Did you install it and activ... See more...
What 2024 info did you you add?  Last week the Online version was only for 2025 returns.  Online for 2024 closed Oct 31.   Did you buy the 2024 Desktop download program?  Did you install it and activate it with the 16 digit License Code?  If you are doing a 2024 return it is only kept on your computer, not online.    
That worked!  (Haven't checked to see if I can print it yet.)  Thank you.
I want to re-balance my child's stock portfolio, but it would trigger more than $13,000 but less than $98,000 in capital gains. I don't have any capital gains myself this year, would those capital ga... See more...
I want to re-balance my child's stock portfolio, but it would trigger more than $13,000 but less than $98,000 in capital gains. I don't have any capital gains myself this year, would those capital gains be taxed at my capital gains rate (0%) or at my income tax rate (TBD, but let's say 25%).
You should contact Support to make sure an Expert can assist you.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US
See https://tax.illinois.gov/forms/incometax/currentyear/individual/il-1040-x-instr.html   You'll have to print and mail the return.
Contact Support.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US
If you closed and received the proceeds prior to relocating to Illinois, then Illinois cannot tax your gain.   If you closed and received proceeds while a (part-year) resident of Illinois, you shou... See more...
If you closed and received the proceeds prior to relocating to Illinois, then Illinois cannot tax your gain.   If you closed and received proceeds while a (part-year) resident of Illinois, you should be able to get a tax credit for any tax you paid to Missouri on the transaction (Schedule CR, IL-1040).