All Posts
March 1, 2026
1:21 PM
1 Cheer
Line 6 of Schedule B in Form 1040 is the calculated total of the ordinary dividends from Box 1 of the Form 1099-DIV's that are listed on Schedule B.
To change or delete a 1099-DIV, go to Wages ...
See more...
Line 6 of Schedule B in Form 1040 is the calculated total of the ordinary dividends from Box 1 of the Form 1099-DIV's that are listed on Schedule B.
To change or delete a 1099-DIV, go to Wages & Income>Investments and savings and review or delete your Form 1099-DIV's.
If the total is still incorrect on Line 6 of Schedule B, you can delete Schedule B (and start the form over) by going to Tax Tools>Tools>Delete a form then delete (trash can icon) the Schedule B 1099-INT entry or entries.
March 1, 2026
1:21 PM
While reviewing my 2025 taxes, I noticed my stock basis on Form 7203 is growing. Looking more closely, I see that line 6 is blank for 2025 and was also blank on my filed 2024 return. My K-1s have a $...
See more...
While reviewing my 2025 taxes, I noticed my stock basis on Form 7203 is growing. Looking more closely, I see that line 6 is blank for 2025 and was also blank on my filed 2024 return. My K-1s have a $230k distribution (Code D) for 2025 and $96.234 in 2024. If I am reading the IRS instructions correctly, line 6 on the 7203 should equal K-1, Box 16-D. In both years, line 5 on Form 7203 is well above these numbers, as I am not taking out more than the company made. I can manually enter line 6, but it doesn't seem appropriate to do that, and I could easily forget to do it next year. Is there a reason this is happening, and can I correct 2024 without filing an amendment? Thanks for your help!
Topics:
March 1, 2026
1:20 PM
I recommend that you file the amended return if you can and mail your father's return, including you on it. An amended return can take from 12 -18 weeks for the IRS to process. Leave your return as...
See more...
I recommend that you file the amended return if you can and mail your father's return, including you on it. An amended return can take from 12 -18 weeks for the IRS to process. Leave your return as it is.
Your father won't be able to Efile.
Have him mail it with you included as a dependent.
Whether your amended return is filed, not filed or completely processed, the IRS will identify the duplicate Social Security Number and send a letter asking for information.
You can then respond to the letter,
There may be a case manager's phone number in the top right corner. (This isn't always the case).
You can then resolve this with correspondence.
Just a note: This will not increase your chances of an audit.
March 1, 2026
1:20 PM
The fees should be entered with the transactions they apply to; however, given the minimal dollar amount involved I don't think it would matter if you applied/entered them to a single category.
March 1, 2026
1:19 PM
last years W_2 for my spouse says it is mine, how do I change this?
Topics:
March 1, 2026
1:17 PM
I have shown the combined distribution under the IRA from which it was withdrawn. Where do I list the other account, so the total withdrawn adds up the required distribution amount?
March 1, 2026
1:16 PM
1 Cheer
The income you earned while working for a California company but working and living in Washington is not taxable by California. You should adjust your California income by subtracting that amount.
March 1, 2026
1:16 PM
To clarify, did your wife make nondeductible contribution and therefore had a basis in the traditional IRA? Please see Who Must File 2025 Form 8606 for additional information.
To enter the QCD:...
See more...
To clarify, did your wife make nondeductible contribution and therefore had a basis in the traditional IRA? Please see Who Must File 2025 Form 8606 for additional information.
To enter the QCD:
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R
On the "Do any of these situations apply to you?" screen select "I transferred all or part of this money directly to charity"
Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen
Continue until "How much of this distribution applied to your December 31, 2025 RMD?" screen and select "The entire distribution was an RMD" /or select "Some of this distribution was a RMD" and enter the amount of RMD (if this distribution includes RMD for other IRA accounts then you included the amount here)
Enter how much your transferred to charity
March 1, 2026
1:14 PM
@dstautz1 while I do not have the details of your situation ( if you could provide more details either here in this thread or PM -- just NO PII -- Personally Identifiable Information), the foreign t...
See more...
@dstautz1 while I do not have the details of your situation ( if you could provide more details either here in this thread or PM -- just NO PII -- Personally Identifiable Information), the foreign tax credit is a Non-Refundable Credit. Thus all it can do is to reduce your tax liability i.e. if your tax liability before applying the FT is US$199, then only US$199 of the available credit will be used ( and without form 1116, the rest is lost ). Form 1116 applies a further limit -- it is lesser of actual amount paid and that imposed by the US using an allocation process substantially based on ratio of Foreign source income to World income.
Does this explain your issue ? Is there more I can do for you ?
March 1, 2026
1:14 PM
Used to work on the PC version. That no longer seems to be the case since they revamped the interface (made it worse, imo) As far as I know, it never worked in the version on the Mac.
March 1, 2026
1:14 PM
The 1040X for Amending a 2025 return should be available by March 4th. Make sure you save a copy of your original filed return, and that you've received your Refund or your payment for Balance Due h...
See more...
The 1040X for Amending a 2025 return should be available by March 4th. Make sure you save a copy of your original filed return, and that you've received your Refund or your payment for Balance Due has been processed before submitting an amendment.
There's no rush to file an Amended Return; it takes up to 12 weeks to process and won't catch up to or correct your original return; it's processed separately.
@dileshdave
March 1, 2026
1:14 PM
I'm using the Windows Desktop version. 1099-DIV was downloaded from Fidelity. I shut down yesterday and reopened today. Now the dividends are showing properly in both the form view and step-by-...
See more...
I'm using the Windows Desktop version. 1099-DIV was downloaded from Fidelity. I shut down yesterday and reopened today. Now the dividends are showing properly in both the form view and step-by-step view. Thanks for your reply.
March 1, 2026
1:13 PM
1 Cheer
if you're not seeing ES summary page and vouchers in your return it could be that Turbotax has determined you don't owe it. In Forms mode go to Open Form then "Estimated Tax Payment Options" if t...
See more...
if you're not seeing ES summary page and vouchers in your return it could be that Turbotax has determined you don't owe it. In Forms mode go to Open Form then "Estimated Tax Payment Options" if the form "Est Tax Options" is not in the list by default and that will show you what is going on. Turbotax by default will assume safe harbor calculation based on 100/110% of 2025 tax and that your 2026 withholding will be the same as 2025. Under Other Tax Situations / Form W4 and Estimated Taxes you can work through options if needed.
March 1, 2026
1:13 PM
If you are going to add information to your return from documents you have downloaded, such as a Form 1099-B:
TurboTax Online/Mobile: Go to the 1099-B screen under Wages & Income.
TurboTa...
See more...
If you are going to add information to your return from documents you have downloaded, such as a Form 1099-B:
TurboTax Online/Mobile: Go to the 1099-B screen under Wages & Income.
TurboTax Desktop:
Go to Federal Taxes.
Go to Wages & Income.
If asked How do you want to enter…?, select I’ll choose what I work on.
Under Investment Income, select Start or Update next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
Follow the onscreen instructions. When you reach Let's import your tax info, choose how you want to enter your 1099-B:
To import your form, select your brokerage or financial institution from the list. Enter your sign-in credentials for your account, then select Get my form.
If you don’t want to import, select Enter a different way, and on the How do you want to add your investment docs? screen, you can upload a copy of your 1099-B.
See this help article for more information.
March 1, 2026
1:13 PM
Georgia itemized deductions for state and local income taxes paid are still limited to the 10,000 cap, because Georgia does not automatically conform to the federal law OBBBA, as a fixed-date conform...
See more...
Georgia itemized deductions for state and local income taxes paid are still limited to the 10,000 cap, because Georgia does not automatically conform to the federal law OBBBA, as a fixed-date conformity state. As of the current time, the instructions for personal income tax in Georgia still require the filer to limit their income tax deduction to a 10,000 max.
March 1, 2026
1:13 PM
Please clarify if you see your entries when you edit COGS from the summary page. Or are your entries not being saved? Also, which version of TurboTax are you using? Online or Desktop?
March 1, 2026
1:12 PM
Looks like known issue since TT 2023? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/mortgage-interest-deductions-on-refinanced-pre-2017-loan-zeroing-out/00/3281405 When ...
See more...
Looks like known issue since TT 2023? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/mortgage-interest-deductions-on-refinanced-pre-2017-loan-zeroing-out/00/3281405 When can we get this fixed?
March 1, 2026
1:12 PM
1 Cheer
Your address on those tax forms has no impact on which state the income belongs (was earned in). The only purpose it serves is to identify where to deliver the mail. For a W-2, income is identified...
See more...
Your address on those tax forms has no impact on which state the income belongs (was earned in). The only purpose it serves is to identify where to deliver the mail. For a W-2, income is identified with a state in boxes 15, 16, & 17. However, that is not always accurate. You will probably have to allocate income to New Jersey according to where it was earned in the state tax section of the program.
March 1, 2026
1:10 PM
Here are the specifics: 1. My family has a trust that pays out monthly distributions that are profits paid out from income made from a TIC shopping mall. 2. The trust receives a K-1 and the tru...
See more...
Here are the specifics: 1. My family has a trust that pays out monthly distributions that are profits paid out from income made from a TIC shopping mall. 2. The trust receives a K-1 and the trust pays taxes on this monthly distribution. 3.Currently the beneficiaries of the trust are also paying taxes on their % of this distribution 4. Is it correct that both the Trust and the beneficiaries pay taxes on the monthly distributions? Seems like taxes are being paid twice for the same distribution paid. 5. The trust only acts a the collector and distributor of these monies. Thank you in advance to anyone that can help on this. Best
Topics: