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  I don't see any information on my W2 - Box 12 J.  I will include 55% of PML benefit as the other reportable income when I work on my income tax.   Thanks so much & you took away a huge headache for me. Have a great day!

@Markith wrote: I think you are incorrect.    You said you are using the Session Method.  The way I described is for how to report the correct Session income.   Your picture shows how to claim losses, which is very different than Session income.  

The property tax bill for your condominium should show a tax assessment that breaks down your property value between land and improvements (building). You can enter these figures for land and improvements in TurboTax when prompted, and the program will use this information to calculate the depreciable basis for your property.    If you do not see the land/improvements breakdown on your property tax bill, you can find the information by looking up your property on the website for your county tax assessor.   Here is a TurboTax article on rental property depreciation for more information: Tax Deductions for Rental Property Depreciation

Go back through the HSA section under Deductions once you have answered the HDHP questions.  After '1099-SA Summary' the next screen should be 'Let's Enter xxxx's HSA Contributions'.   @tcooper37 

Form 8962 reports your premium tax credit, which is associated with your health care coverage through the government healthcare exchange. It is associated with your Form 1095-A entry in the Medical section and then Affordable Care Act. You'll find those entries in the Deductions and Credits section of TurboTax. You will need to go back through that section to insure you answered all of the questions accurately.

Amend the return.   Turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=m76mq6z2   Use a mailing service like certified mail  to track so you will know it was received since you will have a long wait.   Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/filing/wheres-my-amended-return    

Thank you for your response. I will delete the 1099-Q.   Just fyi, Turbo Tax had already calculated and provided a deduction of $2.5K for the American Opportunity Tax Credit. From what I understand you can not also receive the Learning Lifetime Credit, so I am uncertain why the software would deduct $10k for the Learning Lifetime Credit. Thanks again.

So sorry for your loss.    No---if your spouse passed in 2025, do not do any of that.    For the year that your spouse died, you can still file a joint return.  That way, you will get the married filing jointly standard deduction of $31,500 (+ $1600 for each spouse 65 or older) which will lower the amount of income you are taxed on.   In My Info, you will need to indicate that your spouse died. When his name is in My Info,  there is a screen early in the interview that asks "Do any of these apply to [name] ?’” where you will do that, and then a drop down will appear where you can enter the date he passed. If you have qualifying dependent children you will be able to file as a qualifying surviving spouse  (QSS) for the next two years after this tax return.  Post back if you need further help.     https://accountants.intuit.com/support/en-us/help-article/tax-filing-status/claiming-qualified-surviving-spouse-filing-status/L7al83jU1_US_en_US    

Do you mean the senior deduction?   The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately  

Yes. You do need to do something special, in that your 2024 tax return may need to be amended if the Roth contribution was not entered and no Form 5329 was generated.    If you do not see a penalty amount in your 2024 Form 1040, Schedule 2, then an amendment is required.    The reason for this is that your removal of excess transaction, which took place in November of 2025 missed the window wherein you could correct the excess contribution (October 2025).   Because that window was missed, amending your 2024 will then make it possible to correctly reflect what took place with this excess contribution on your 2025 tax return.   Here is a link to where to find the 2024 TurboTax software if you did not use TurboTax for your 2024 filing. Note that if you used TurboTax to complete your 2024 return, amending it will be free. Here is a link if that is the case: How do I amend my federal tax return for a prior year?   When you work on your 2024 return, you will go to your IRA Contributions section (Deductions & Credits) to enter this contribution, which will then be flagged as an excess contribution due to your not having earned income to report.   During the amendment process, when asked if you withdrew the money, you will answer "No", since you did not. This will trigger Form 5329 for your 2024 return.   Once you have amended your 2024 return, you can then work on your 2025 return with the correct information.   In your 2025 return, when entering the 1099-R, answer "Yes" when asked if this was a return of ecxess contributions. TurboTax will then generate Form 5329 that shows the money being distributed, which will zero out the balance and stop the recurring penalties.   [Edited 02/10/2026 | 4:20 pm PST] @Peasquare

If TurboTax is calculating a number that is too large, and it seems to understand that, then why is it not simply capping the number it calculated at the max?     Also, I saw many other threads with this same issue in where customers were asked to right-click and override lines - That doesn't seem to work with the online version. 

Thanks. I realized I was in the same situation last year and posted the same question. Then an expert suggested to continue to file 8938 as he said that it doesn't hurt but if not filed it could require questions to be answered by IRS and penalty for not filing is very high.  I have been filing for many years, but balances have been decreasing and 2024 was the first year when they dipped below. Last year I did file the 8938s though I was not required to based on the comment.   I understand that as per the requirements, I do not need to file as I am below both the thresholds of married filing jointly. And going forward, will likely remain below the thresholds.   Thanks for confirming that I can stop now. I will have to file the FBARs still.

Employers, banks, financial institutions etc send copies of W-2's and 1099's to the IRS.  But sometimes the IRS wants copies from you, too, to see if what you reported on your Form 1040 matches what they received from the other sources.

FYI - I sent some comments on TT's FB account, and figured that might get some traction. they have responded multiple times now and keep suggesting the same stuff that doesn't work because it doesn't address the underlying flaw in their system. i will continue to push that avenue and at least they respond quickly (guessing it's just AI which is a bit frustrating).