All Posts

New York 414(h) retirement contributions, sometimes labeled as EERETIREDED, would be classified in Box 14 as New York IRC 414(h) Subject to NY tax. Generally, this amount is deducted from your Box 1 (Wages) and must be added back to your NYS income. This amount will flow to Line 23 of your IT-201. 

I'm trying to use the federal ID listed above to claim the Lifetime Learning Credit as I'm a US citizen working on my Master's degree at the University of Galway. However, even after adding a leading zero to the number so it fits the expected format, TurboTax's software is telling me that the number isn't valid and it's blocking me from submitting my tax return.    Can anyone advise? University of Galway is an eligible institution abroad so I wouldn't want to miss out on a significant tax credit that I'm eligible for just because of a software issue.  

How old are you?  You might have to be taking the RMD from your regular IRA  accounts.   What code is in the 1099R box 7 on the non -inherited IRA?  The inherited IRA should by Code 4.  Do you get any other 1099R like from a pension or 401k?    @dmertz   

From what I can find online, the NYS inflation refund checks appear to be taxable at the federal level, for everyone.  Per the NY.gov site, link below, the refund was based on your income and filing status, not whether you itemized deductions.   Per several articles online, two links below, the state could have structured the refund program differently to potentially avoid federal taxation, but they didn't do so for whatever reasons.   I may be mistaken, but that's how I'm interpreting it.   https://www.tax.ny.gov/pit/inflation-refund-checks.htm https://www.syracuse.com/politics/2025/10/ny-inflation-refund-checks-are-taxable-what-you-need-to-know.html https://www.wxxinews.org/new-york-public-news-network/2025-10-01/you-should-report-gov-kathy-hochuls-inflation-refund-checks-on-your-taxes

If you do not know the exact date of your non-cash charitable contribution, you can use your best estimate of the date donated.    Here is a TurboTax article that discusses Do I need a receipt for my donation?

Before amending your return, it must be accepted by the IRS and the state of California. The California amended return you must file is 540X, and you will need to file a 540NR as a non-resident instead. Please check back in late February to amend your 2025 returns.    For more information, please see How do I amend my federal return for this year?   @shreyasnkk     

  TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.  

From what I can find online, the NYS inflation refund checks appear to be taxable at the federal level, for everyone.  Per the NY.gov site, link below, the refund was based on your income and filing status, not whether you itemized deductions.   Per several articles online, two links below, the state could have structured the refund program differently to potentially avoid federal taxation, but they didn't do so for whatever reasons.   I may be mistaken, but that's how I'm interpreting it.   https://www.tax.ny.gov/pit/inflation-refund-checks.htm https://www.syracuse.com/politics/2025/10/ny-inflation-refund-checks-are-taxable-what-you-need-to-know.html https://www.wxxinews.org/new-york-public-news-network/2025-10-01/you-should-report-gov-kathy-hochuls-inflation-refund-checks-on-your-taxes

@user17703278137   Yes I believe  you did it right by only entering the gross amount of that one 1099R as the RMD.    Are they all from IRA accounts?  You have to take the RMD separately for IRA and 401k accounts.  You can only combine IRA accounts for the RMD.    

No, it is not needed.  I can't explain why it is asking for the basis, as it's not relevant after age 59 1/2 and the account has been open at least five years.  I recommend you enter an amount at least as much as the amount of the distribution.  The information you enter isn't used for anything except to determine if there is a penalty when the distribution is prior to age 59 1/2.  It's is not included in your tax return; therefore, just enter the same amount (or more) as the distribution to get past that screen.