All Posts

Of which state are you a resident? KS?   Which forms are you speaking of when you refer to line 3 and line 4? Are you referring to published state tax forms or input screens in TurboTax?   Remember that we in the Community cannot see your private tax data. Please help us out here so that we can help you.

@Jbtc wrote: And yes, I am saying that 100% of the income is from the home business use.  Please advise!   For some reason, it seems to not be picking that up.  Maybe try changing that to another number, then go back again and change it back to 100% (or even 99%) to see if that 'resets' it?

Tried again with March 2 update that just became available -- still won't transmit. While I believe you about the City of Portland not accepting the form yet, why does the software indicate that the Portland ARTS form is explicitly ready for e-file and only errors out on the transmission? If I have to file this form on my own, I'll be compelled to ask for at least a partial refund of the Oregon $25 e-file fee (which is already obscene).

HI YES I ONLY HAVE SSA THAT I RECEIVE AS INCOME AND THEY DID DEDUCT MEDICARE BUT IT HAS TOTAL AMOUNT OF BACK PAY FOR YEARS 2022, 2023 AND 2024 ALSO INCLUDED IS THE ATTORNEY FEES THAT WERE PAID OUT.  SO IM SO CONFUSED AS WHAT AMOUNT I NEED TO FILE ON IF ANY AT ALL SINCE ITS MY ONLY INCOME 

I called TT tech support. I was told to delete instead of edit the Schwab connection. Then add a new link by choosing Schwab in the next couple of screens. Can't take screen shots but once you've deleted the link that asks to review, it works normally. Or did for me.   I thought I was finished. Filed the taxes only to have it rejected for a TT glitch that will supposedly be fixed on Thursday. 

Hi I did not make any withdrawls and age 77 now.  But what if I did withdrawl.  It is asking what the contributions were prior to 2025.     I started getting rmd/distribution 2 years ago.  So I am confused.  thanks

Assuming you are a sole proprietor/contractor or a single member LLC that has not incorporated -    To enter, edit or delete estimated taxes paid (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button   On Federal estimated taxes for 2025 (Form 1040-ES), click the start button   Federal estimated taxes paid are entered on Form 1040 Line 26

In the Retirement Savings Contributions Credit interview in TurboTax, you are asked to specify what kinds of distributions did you have since 2022. I can see a number of reasons why TurboTax has to ask you this, rather than figuring it automatically as you suggest:   TurboTax does not maintain a database of previous distributions, so TurboTax was required to ask about distributions for 2022, 2023, and 2024.   There are also a large number of distributions that are not permitted to be listed on the 8880, line 4, such as  distributions that were actually rollovers,  distributions that were actually a loan from a qualified employer plan,  distributions that were actually the withdrawal of excess contribution, and so on.  It would be difficult if not impossible for TurboTax to know these requirements based on the information that it already has; hence, TurboTax asks for specific entries for the 8880 so as to avoid mistakenly including inappropriate distributions on the 8880.   Please see the instructions for line 4 on page 2 for form 8880.

Business expenses should definitely be rounded by the software, because the IRS does not accept decimal values on a tax return. TurboTax automatically takes care of rounding income and expense amounts to the nearest whole dollar for you. This warning only comes up in the context of business expenses, because the software wants to double check that you're entering valid accounting/bookkeeping entries, and not any estimated expenses for the year. If you have a mix of expenses and fees that were dollars and cents or flat dollar rate, you can ignore this warning and enter everything as you have it down in your records. 

@AmyC    Not sure about other users who reported here, but I do not have Portland ARTS form in my state return. When running state validation, the same 1099-Q not ready message is still there, with the latest software and updates.