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Trading in cars ended in  2018 on tax forms. Each vehicle is a sale, no new car entry with a basis from the old. The cost basis should be what you paid times the lifetime business %. If this is not the correct number, everything else will be thrown off. The depreciation is calculated each year for the different amounts in standard mileage deduction so you got that right. The car has two parts, the personal part and the business part. The personal part loss does not affect your tax return. The business loss does.   I suggest you mark that you converted it to personal use in the vehicle section and avoid all of the above issues. Next, use another method to enter the disposition of the vehicle that is cleaner and you know where each number came from: Open to federal income Locate Other Business Situations Select Sale of business property (this is Form 4797) Description:  business portion of - your vehicle make/model. Sales price: trade in value times business use % Cost basis: purchase price X business use % Depreciation: the amount you calculated from standard mileage.

Thank you- I did get an identity PIN for my daughter and re e-filed it still rejected ? My husband and I file jointly and claim her - would all 3 of us need an identity PIN for taxes to go through and not be rejected

I understand your frustration.   I use TurboTax Deluxe on a PC. When you look at the list of charities, you can click on the column header to alphabetize them. I can’t remember exactly how it works, but it’s something like that.  I don’t think that works on the internet version   

If your TurboTax program is not letting you pay for your tax return, please try the following:  Sometimes simply signing out and signing back into your TurboTax account can clear this. Clear your cache and delete your cookies. Click here for How to clear your cache. Click here for How do I delete cookies? Also try a different web browser, such as Google Chrome or Firefox.   And try using incognito mode (private browsing). If you are using TurboTax Desktop, you can try the following:  Run the program as an administrator. Set your display scaling to 100% in Windows Display Settings. Make sure your software is updated by clicking "Online" in the top menu and selecting "Check for Updates." Some other payment issues fixes you can try are as follows: Verify that your Billing Address for your credit card exactly matches your address that your financial instituion has on file. Make sure that your address matches your address in your "My Info" section of TurboTax. Disable any ad blockers or antivirus programs that could be blocking the secure payment screen.  You can contact TurboTax Customer Service using this link: Turbo Tax Customer Service or you can call us at 800-446-8848.  Please return to Community if you have any additional information or questions and we would be happy to help.  

@joho3    Look at the Form 1099-R Summary in forms mode. Unless there's something you haven't told us, the amount of the distribution should be on lines 1, 2, 5, 8, and 10, and there shouldn't be anything else on the form. If there's anything on any other line, tell us what it is. If the Form 1099-R Summary looks right, check to see if you have an override on 1040 line 4a or 4b, or both. You have to check on the "Form 1040 or Form 1040-SR Worksheet," not on Form 1040 itself. Right click the space for the amount on each line. If Cancel Override appears in the menu that pops up, click it to remove the override. If you don't find an override on either line 4a or 4b, check to see if you have an override anywhere in your return. An override can cause the TurboTax calculations to break in unexpected ways, even if the override is in a place that you think has nothing to do with the problem. Occasionally people create an override accidentally by pressing Ctrl-D without realizing it. Here's how you can find out if you have any overrides. On the Tools menu select My Tax Data. A window will open that lists all the entries in your return. Any entry that was overridden will say Overridden in the Source column. You can click on the heading of the Source column to sort on that column, so that any Overridden entries will be together. If there are Details or Import entries at the top of the list after you sort it, scroll down to see if there are any Overridden entries after the Details and Import entries. The item in the My Tax Data list tells you the form and line number that has the override. You can click on an overridden item, then click the Go To Form button at the bottom of the list to go to the form that has the override. Remove any overrides that you find. After removing all overrides, see if you still have the problem. To remove an override, click on the overridden entry, then either: Press Ctrl-D OR right-click the number and select Cancel Override on the pop-up menu OR on the Edit menu select Cancel Override.  

To record a Roth IRA withdrawal for college, navigate to Wages & Income > Wages and Income Summary > Retirement Plans and Social Security > IRA, 401(k), Pension Plan Withdrawals (1099-R).   First, you generally do not pay any taxes on the portion of the withdrawal that represents your original contributions, as those are always distributed first and are already tax-paid. You will record this on Part III of Form 8606.   If you withdrew more than you contributed (withdrawing earnings), that portion is normally taxable, but you can avoid the 10% early withdrawal penalty by using the higher education exception.    After entering the withdrawal from the 1099-R, you'll be asked for details on the contributions you made.  Only if you did withdraw more than your contributions, will there be an option for penalty exceptions.  If that applies to you, continue in the interview to indicate the funds were used for higher education expenses. This will provide an exception to the penalty, not the income tax, on the IRA earnings.

Thank you for your feedback below !!   In my Turbotax, I already included my 1099Q and my son 1098T.     I tried to remove both of these forms under Wages & Income (1099Q) and Deduction (1098T), but it does not work.  It looked like once you entered the info, TT remembered this and it stored the numbers in the "Forms" view.     Please advise if there is a way to completely remove these so that they do not show up any more under "Forms" view.   I would hate to restart the entire tax form from scratch to undo this.   thanks again!   HHP

There seems to be a problem if you have more than one Traditional or Rollover IRA account.  It looks to me like Turbotax computes a RMD for each Traditional or Rollover IRA account you have and assesses a penalty if you don't take the computed RMD from any one account.  This is incorrect; your RMD should be computed from the total value of all your Traditional/Rollover IRA accounts.  I ran into this problem --I have two Trad IRA accounts and took a disproportionate part of my RMD from one.  I had taken the correct RMD based on the total value of the two accounts, but Turbtax assessed me a $600+ penalty.  I fixed it by going into the forms view (which is available in Turbotax Deluxe) and manually changing the two RMDs so that the RMD for each account was equal to what I took out of that account.  I lost a lot of hair figuring this out.

@ aballestin wrote: I am filing my 2025 tax return (married-jointly), we have a $72,000.- long term capital gain, according to IRS rule, it should have a rate of 0%, up to $96,700.- Turbotax is calculating a rate of 15%. I'm a fellow user, not a tax expert, but hopefully TurboTax @ DavidD66 will return to the thread to help explain what you are experiencing.   But in the interest of time, I'll ask you a couple of questions that will help him.   The rates used for long-term capital gains calculation, including how much (if any) can be taxed at 0%, do not go solely by the amount of the gains, but also depends on one's overall taxable income.  Approximately how much additional taxable income do you have over and above the L.T. capital gains?  i.e., what is the approx. total of the LT cap gains and the rest of your taxable income?  or more simply, what is the approximate amount of the taxable income shown on Form 1040, Line 15?   You can use a general approximate number  as an example; this is a public Internet forum.   If using the desktop version, did you look in Forms Mode at the Qualified Dividends and Capital Gains Worksheet as I suggested above to see how it's being calculated?   That worksheet starts off with the amount of taxable income from the Form 1040, Line 15, then calculates how much is taxable at 0%, how much is taxable at 15%, etc..   And what type of taxable LT gain is this?   Is it from sale of stocks, bonds, or some other asset?    Is it from a Form 1099-B?

You can get back to those screen in TurboTax to correct your answer as follows:   Click on Search at the top right of your TurboTax screen Type Form 1095-A in the search bar Click on the link Jump to Form 1095-A Your screen will say Do you need to report any 1095-A's? You can check No on that screen   Click here for Do I need to enter my 1095-B and 1095-C? Please return to Community if you have any additional information or questions and we would be happy to help.