All Posts
February 27, 2026
2:36 PM
1 Cheer
I am not "doing" your return, but I would consider doing this:
- To produce the corrected version of 1099-SA form, i.e., can I get a blank form from T.Tax desktop version and fill it.
Yes, yo...
See more...
I am not "doing" your return, but I would consider doing this:
- To produce the corrected version of 1099-SA form, i.e., can I get a blank form from T.Tax desktop version and fill it.
Yes, you will need a record of what you did and why. You don't need to send this to the IRS, who will wonder why you send it to them. Yes, You will need to either delete the original 1099-SA or set the dollar values to zero, and add your new 1099-SA.
NOTE: any change to a form that is copied to the IRS (like the original 1099-SA) may invite a letter from the IRS. However, these kinds of letters consist of (1) notice of an adjustment and please pay (or receive), and (2) a request to explain if you accept the IRS's adjustment and if not, why not. This gives you every chance to explain what you did and why, emphasizing that you are attempting to correct a mistake from 2024. In my experience, the people at the IRS who send these letters out are not out to get blood from a stone.
- Do I need to submit it along with Form 5498-SA as well? (any advice on how to fill it correctly?)
Since the 5498-SA is only an advisory form, you don't have to make any changes to it, unless you want to make some notes of what you did and why.
- Lastly, how to I submit them? I'm not sure if there is a way to incorporate it into T.Tax 2025 that I am working on or I have to print and mail it in?
As noted above, delete the original 2024-SA and insert the new one, recognizing the likelihood of triggering an IRS letter (this really can't be helped, and besides, if the IRS discovers this issue later in an audit, you would very likely pay interest from 2024 on any amount due as a result).
No, you can't incorporate the 2024 earnings into 2025.
Yes, ask for the withdrawal of excess HSA contributions now (i.e., at least before April 15th) before your 2025 return. As noted, there is likely a form for this on the Fidelity website. Also note that Fidelity should calculate the earnings for you and add it to the excess amount. I am curious to see what they will do with your loss.
February 27, 2026
2:36 PM
1 Cheer
You have to get the Fidelity by starting on this page. If you are not already logged into Fidelity it will give you a log in box. https://www.fidelity.com/accounts-trade/turbotax-discount That wi...
See more...
You have to get the Fidelity by starting on this page. If you are not already logged into Fidelity it will give you a log in box. https://www.fidelity.com/accounts-trade/turbotax-discount That will give you the page for Online Turbo Tax. To get the Desktop program….. Click the green Start filing with TurboTax and save 25% button (or whatever percent you get) It brings up the Fidelity Save 25% Get Started page Leave that page and tab open Then in another browser tab go to the Turbo Tax Desktop page here https://turbotax.intuit.com/personal-taxes/cd-download
February 27, 2026
2:34 PM
I did efile thru Turbo Tax for my 2025 tax returns and it was accepted Feb 14, but when I checked with my bank, I was told to do the identity verification because it was not set up on the new bank acc...
See more...
I did efile thru Turbo Tax for my 2025 tax returns and it was accepted Feb 14, but when I checked with my bank, I was told to do the identity verification because it was not set up on the new bank account I used for my direct deposit. So, I did the identity verification and my bank said I just need to confirm my bank thru IRS.gov site, and I did it online. Is it possible now that I can get my refund since I fixed my bank info? thank you
Topics:
February 27, 2026
2:34 PM
Topics:
February 27, 2026
2:34 PM
2 Cheers
Turbo Tax usually leaves out the AMT version of Form 1116 if you don’t owe Alternative Minimum Tax. If your regular tax is more than your tentative minimum tax (shown on Form 6251), you aren’t su...
See more...
Turbo Tax usually leaves out the AMT version of Form 1116 if you don’t owe Alternative Minimum Tax. If your regular tax is more than your tentative minimum tax (shown on Form 6251), you aren’t subject to AMT. In that case, the IRS doesn’t require you to include Form 1116 (AMT) with your return.
Even if the form doesn’t generate, TurboTax typically keeps track of your AMT carryover in its AMT Foreign Tax Credit Computation Worksheet.
February 27, 2026
2:33 PM
I have the same issue, tried several times starting at the fidelity page but I cannot find a way to purchase the desktop version with the discount. Following this thread.
February 27, 2026
2:33 PM
1 Cheer
Or this one. It has all the steps listed. You have the 16 digit License Code on your receipt? How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax...
See more...
Or this one. It has all the steps listed. You have the 16 digit License Code on your receipt? How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd
February 27, 2026
2:33 PM
where do i enter info for schedule d
Topics:
February 27, 2026
2:32 PM
TurboTax incorrectly calculates Form 8995, Line 1 (or 8995-A, Line 2) QBI when a taxpayer has both Schedule C and Schedule F income but only the Schedule C generates self-employment (SE) tax due to S...
See more...
TurboTax incorrectly calculates Form 8995, Line 1 (or 8995-A, Line 2) QBI when a taxpayer has both Schedule C and Schedule F income but only the Schedule C generates self-employment (SE) tax due to Schedule F income from Conservation Reserve Program (CRP) for a taxpayer who receives Social Security benefits. Specifically, the software over-allocates the "one-half of self-employment tax" deduction, reducing QBI on both businesses by a combined total amount that is more than Schedule SE, Line 13. Specific conditions: 1. Taxpayer receives Social Security benefits 2. Schedule F net income (Schedule SE Line 1a) minus Conservation Reserve Program (CRP) income (Schedule SE Line 1b) is 0 or less. AND 3. Schedule C net income (Schedule SE line 2) is large enough so that Schedule SE line 3 is greater than 0, therefore producing an SE tax. Condition 1 & 2 alone have a correct Form 8995 / 8995-A QBI with no reduction to net self-employment income from "one-half of self-employment tax" given there is no SE tax. But, add in a Schedule C with sufficient net income to produce an SE tax and the QBI is calculated incorrectly with a total combined reduction across both self-employment businesses that is more than Schedule SE, Line 13. Note: TaxslayerPro and H&R Block handle this scenario correctly with the combined total reduction across both self-employment businesses equal to Schedule SE, Line 13.
February 27, 2026
2:32 PM
1 Cheer
Thank you bthibs!!!! Had the exact same issue. ****What is TurboTax doing to remedy this glitch?! Had to manually fill out entire Residential Energy Credit Tax Form 5695! Want my money back f...
See more...
Thank you bthibs!!!! Had the exact same issue. ****What is TurboTax doing to remedy this glitch?! Had to manually fill out entire Residential Energy Credit Tax Form 5695! Want my money back for this massive inconvenience! What is the point of using TurboTax if it does NOT properly fill out and check your return accurately?
February 27, 2026
2:31 PM
Having the same issue here on Win 11 Pro 26200.7840
I followed this suggestion to the letter, and the installer still dies right after I click the install button on this screen. Any ideas?
...
See more...
Having the same issue here on Win 11 Pro 26200.7840
I followed this suggestion to the letter, and the installer still dies right after I click the install button on this screen. Any ideas?
February 27, 2026
2:31 PM
if you're referring to Accrued Market Discount on discounted Treasury Notes, these get adjusted on Form 8949 and reflected as ordinary income on Schedule B, but there is no automatic state subtractio...
See more...
if you're referring to Accrued Market Discount on discounted Treasury Notes, these get adjusted on Form 8949 and reflected as ordinary income on Schedule B, but there is no automatic state subtraction for this income like 1099-INT Box 3 or 1099-DIV Box 1a US Gov Obligations. This has been a long running topic through the rate hike cycle, lots of old threads on this, no doubt this will bubble up here again. It depends whether your state regards these as state tax exempt, which varies in the language and interpretation of the state tax code, NC courts for example explicitly ruled it's taxable. If you've determined your state exempts this income then there is usually the ability in the state tax return to add a manual subtraction to income. But some states have different reporting requirements and this sort of adjustment precludes e-file for NY for example, if I recall correctly.
February 27, 2026
2:29 PM
In the same predicament purchased Premier Turbo Tax from Sam's and have been fighting to get it installed. Download fine, installs, but when I try to launch it gives me an error message: "Looks like ...
See more...
In the same predicament purchased Premier Turbo Tax from Sam's and have been fighting to get it installed. Download fine, installs, but when I try to launch it gives me an error message: "Looks like we have run into a problem. We need to close Turbo Tax." No error id number just a place to add additional comments and a submit button. The computer has the last five years versions of Premier successfully installed and utilized. Now this fiasco is happening. Have tried some of the suggestions still no success.
February 27, 2026
2:28 PM
All the major updates have occurred and this should be good to go now.
February 27, 2026
2:28 PM
First of all try leaving the cents off box 4. Check boxes 3 & 4 on your W2. Box 4 should be 6.2% of box 3 up to a max of $10,918.20. So take the amount in box 3 and multiply it by .062. If box 4 is ...
See more...
First of all try leaving the cents off box 4. Check boxes 3 & 4 on your W2. Box 4 should be 6.2% of box 3 up to a max of $10,918.20. So take the amount in box 3 and multiply it by .062. If box 4 is more than that you need to get a corrected W2 from your employer. But also go back and double check your W2 entries, you may have entered box 3 & 4 wrong. A lot of people who have asked this found they did enter an amount wrong. Or check W2 box 12. You may have entered Code A by mistake. A sure way to fix this is to delete the W2 and manually re-enter it. That may clear something out. Or post back with the amounts in boxes 3&4. NEED TO UPGRADE? A couple reasons could be saying you need to upgrade…… You might be seeing this because of form 8959, that goes to Schedule 2. The amount of Medicare taxes withheld in W2 box 6 is not exactly 1.45% of the Medicare wages in box 5, due to rounding. I read a post that said to try leaving the cents off of the Medicare tax on your W2 box 6. Box 6 has to be exactly 1.45% of box 5 or less. If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the Retirement Savings Credit. You can say you are a student to decline the credit. You must answer Yes when asked in the Retirement Savings Contributions Credit section if your were a full-time student. The answer to this same question asked in the personal-information section is not the answer that is used.
February 27, 2026
2:27 PM
How long typically before TurboTax indicates the Wisconsin e-file was accepted? I did receive the email indicating the Wisconsin e-file was accepted. TurboTax still says it's rejected. I have checked...
See more...
How long typically before TurboTax indicates the Wisconsin e-file was accepted? I did receive the email indicating the Wisconsin e-file was accepted. TurboTax still says it's rejected. I have checked for updates and the button "Check E-file Status." Thank you.
February 27, 2026
2:27 PM
I found the solution. I was saying “no“ to the question “was this place placed in service by you”… I interpreted that as it asking me if I installed everything myself. But it was just asking if I was...
See more...
I found the solution. I was saying “no“ to the question “was this place placed in service by you”… I interpreted that as it asking me if I installed everything myself. But it was just asking if I was the one who initiated and paid for the service - which is a yes. So after doing that, my credit calculated correctly.
February 27, 2026
2:26 PM
1 Cheer
Click on the link he posted right above the chart.
February 27, 2026
2:25 PM
TurboTax is adding up your principal balances incorrectly, so it looks like you have $1.4M in debt at once, which triggers the limit. You’ll need to manually combine the refinanced loan data. If you...
See more...
TurboTax is adding up your principal balances incorrectly, so it looks like you have $1.4M in debt at once, which triggers the limit. You’ll need to manually combine the refinanced loan data. If you still have the "old" loan that was paid off by the refinance entered in the 1098 section, remove it.
Now, Enter the 1098 as received.. When asked, DO NOT mark it as a refinance in the interview if it keeps blanking out your data. Instead, when it asks "When was this loan originated?", enter the Original 2009 Date.
By telling TurboTax the "new" loan was originated in 2009, you force the software to use the $1M limit instead of the $750k limit. Since you didn't take cash out, this is a legally accurate representation for tax purposes.
For the secondary loan, Enter this exactly as it appears. TurboTax will now see two loans: one from 2009 (Grandfathered) and one from 2021. It will aggregate the balances and apply the $1M limit to the total.
February 27, 2026
2:23 PM
Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no state income taxes. If your state has no state income tax, it is not in the drop...
See more...
Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no state income taxes. If your state has no state income tax, it is not in the drop down menu of Box 15 of form W-2. Just leave boxes 15, 16 & 17 Blank, no spaces. Anything in box 17? If 17 is blank or 0 leave boxes 15, 16 & 17 Blank, no spaces. What boxes have data?