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February 23, 2026
8:25 PM
2 Cheers
Check with your financial institutions; the custodian can give you that information easily. Or log in to your account(s) and look for Fair Market Value on 12/31/25. TurboTax uses the December 31 b...
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Check with your financial institutions; the custodian can give you that information easily. Or log in to your account(s) and look for Fair Market Value on 12/31/25. TurboTax uses the December 31 balance to generate Form 8606 and to calculate:
What portion of your conversion is taxable
What portion is non-taxable
If you converted money from Traditional IRA to Roth IRA or did a backdoor Roth contribution, the IRS applies the pro-rata rule. That means you cannot just convert the “after-tax” money.
The IRS looks at ALL your IRA balances combined as of 12/31.
@Aussie
February 23, 2026
8:23 PM
3 Cheers
I have the same question. It's maddening, since this is very close to the last step to filing. In my case, we used Turbo Tax desktop 2024, and this year we're using Turbo Tax Online. I uploaded th...
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I have the same question. It's maddening, since this is very close to the last step to filing. In my case, we used Turbo Tax desktop 2024, and this year we're using Turbo Tax Online. I uploaded the file at the beginning of the process and everything seemed good until this question.
February 23, 2026
8:23 PM
Oh wow my s better be here on wed
February 23, 2026
8:21 PM
It was supposed to come early but I don't think anyone's did smh
February 23, 2026
8:20 PM
Ok ty for explaining so I should be getting my money back cuz I Serio doubt it will be here before we'd the 25th smh
February 23, 2026
8:18 PM
Well if it doesn't come before the 25th I need my 25$
February 23, 2026
8:18 PM
Yes it is I feel like we're being robbed cuz they say 5 days sooner and my date is the 25th and still nothing smh even if it came today I would be happy but nothing yet
February 23, 2026
8:17 PM
You don't need to send copies of W-2 or 1099s unless you received corrected ones. In addition to the new PA-40 and the PA-40X, you should send any other state tax forms or schedules that changed.
February 23, 2026
8:17 PM
I agree with the other user. Even though TT provided an update that the fix to successfully connect and import from Fidelity Investments would be fixes on 2/12/26, I just tried it again tonight (2/2...
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I agree with the other user. Even though TT provided an update that the fix to successfully connect and import from Fidelity Investments would be fixes on 2/12/26, I just tried it again tonight (2/23/26) and it still doesn't import valid 2025 Tax Docs that are available online at Fidelity.com. And my issue is a bit different from the original issue above. I can connect, log in to Fidelity and TT says it has successfully connected to Fidelity and imported data. But when I go back and look in TT at my import summary there are 0 docs there. When will this issue be resolved?
February 23, 2026
8:17 PM
I paid for 5 days sooner too got a date for the 25th and it's the 23rd and still nothing and the stpg site didn't get funded yet either so idk smh
February 23, 2026
8:16 PM
Is this for Form 5329? If so, have you tried it through the interview? You should be able to include the form with your e-filed return. Go to the 1099-R entry section and at the end, you will b...
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Is this for Form 5329? If so, have you tried it through the interview? You should be able to include the form with your e-filed return. Go to the 1099-R entry section and at the end, you will be asked about missed RMDs. TurboTax will ask for the account information, whether or not you corrected it, and will allow you to fill out the explanation statement.
February 23, 2026
8:14 PM
No, the catchup contribution is prorated too. So if you lost your eligibility on the last day of May, your maximum contribution would be:
$8,550 x 5/12 = $3565 and
$1,000 x 5/12 = $417
...
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No, the catchup contribution is prorated too. So if you lost your eligibility on the last day of May, your maximum contribution would be:
$8,550 x 5/12 = $3565 and
$1,000 x 5/12 = $417
Total Max Contribution = $3,982
If you didn't lose your coverage some time in June, then you would be eligible for a June contribution. You only have to be eligible on the first day of the month.
February 23, 2026
8:13 PM
I received a Form 1099-B from a stockholders class action settlement. Only info on form is LIQUIDATION, Date sold or disposed (Box 1c) 03/12/2025, Proceeds (Box 1d) $135.48, Cost or other basis (Bo...
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I received a Form 1099-B from a stockholders class action settlement. Only info on form is LIQUIDATION, Date sold or disposed (Box 1c) 03/12/2025, Proceeds (Box 1d) $135.48, Cost or other basis (Box 1e) $0.00, Turbo Tax Deluxe is asking me what type of investment did you sell, date acquired, cost basis, how did you receive this investment.
February 23, 2026
8:13 PM
I cannot get past the Review status for this section of my return. Is there a known problem with the program?
February 23, 2026
8:09 PM
It depends- If you have no state tax, you should leave Box 15 (state) blank, There's nothing you need to report in boxes 15 through 17, so make sure there are no zeros. Boxes 15-17 should all be lef...
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It depends- If you have no state tax, you should leave Box 15 (state) blank, There's nothing you need to report in boxes 15 through 17, so make sure there are no zeros. Boxes 15-17 should all be left empty. Even if Box 16 has a value, since there is no state tax in Box 17, leave them all blank.
February 23, 2026
8:07 PM
1 Cheer
Costs directly related to the Land could be assigned to the Land Sales Expenses. For instance, a landscaper who makes the yard more presentable could be assigned to Land Sales Expenses.
Costs ...
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Costs directly related to the Land could be assigned to the Land Sales Expenses. For instance, a landscaper who makes the yard more presentable could be assigned to Land Sales Expenses.
Costs directly related to the Asset (Improvements) could be assigned to the Asset Sales Expenses. For instance, a cleaning crew who makes the house (Improvement) more presentable could be assigned to Asset Sales Expenses.
The remaining expenses could be allocated between the two categories using the same percentage that you presented above. For instance, the commission to the realtor who sold the property.
@Sayed
February 23, 2026
8:07 PM
This will be entered in the Rental section of TurboTax. To navigate here, go to Federal > Wages & Income > Wages & Income Summary > Rental Properties and Royalties (Sch E).
When you add inco...
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This will be entered in the Rental section of TurboTax. To navigate here, go to Federal > Wages & Income > Wages & Income Summary > Rental Properties and Royalties (Sch E).
When you add income to your rental, you'll select the type of income you received- Form 1099-MISC (normally from property managers) is an option.
February 23, 2026
8:07 PM
All the other 49 states are there but not mine.
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