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user17714559196

In early 2025, I withdrew my 2024 excess contribution from my Schwab Roth IRA. However, I didn't file Schwab's excess contribution form when I did it, so my 1099-R is missing the P code to signify th...

In early 2025, I withdrew my 2024 excess contribution from my Schwab Roth IRA. However, I didn't file Schwab's excess contribution form when I did it, so my 1099-R is missing the P code to signify that I was correcting an excess distribution. How can I let the IRS know that my contribution should have a P code but doesn't?

baldietax

if you are on desktop go to Forms mode, open Form 2210 (by default it may not be shown in your return forms lists until you select the AI method), and it will show the safe harbor calculation and all...

if you are on desktop go to Forms mode, open Form 2210 (by default it may not be shown in your return forms lists until you select the AI method), and it will show the safe harbor calculation and allocation by quarter to see where the underpayment arose earlier in the year, there should be a form with the penalty calculation also. Not sure equivalent for online but it should be in the PDF with all forms and worksheets. if you start out with intent to cover 100% of your tax but end up having to adjust ES higher in later quarters to meet the safe harbor, then you'll end up with an underpayment from earlier quarters (even if you overpay and end up with a refund). if your income is steady it may be simpler to pay estimated tax based on 100/110% of prior year tax which is fixed amount but could be an overpayment especially if you're in the 110% category.

user17714558680

AnnetteB6, What is your source of information for the 2/27 update? Will that apply to the web application and the desktop version?

PiSigma

Thanks LaShaunA3. When I go to Form W-4 and Estimated Taxes and click update I do not see Estimated Taxes 2026. Going through the steps I do not see Enter your Expected Withholding for 2026 either. B...

Thanks LaShaunA3. When I go to Form W-4 and Estimated Taxes and click update I do not see Estimated Taxes 2026. Going through the steps I do not see Enter your Expected Withholding for 2026 either. But I did figure this out. When I first click on Update for the Form W-4 and Estimated Taxes section the first question is a choice between W-4 and Estimated. I was selecting Estimated since, per the instructions, I have no wages as I am now retired. I do not have any withholding done from any of my other income sources so I have no need to create W-4s for them. In following the steps after selecting Estimated their are none which allow you to change the federal withholding amount. I just tried selecting W-4 and running through that. You will come to a page that will ask for your Pay Period information. Input $0 for total salary received so far this year and 0 for the number of Paychecks you have received this year. You can choose anything for the drop down list box for how often you are paid. This will then zero out the withholding value that was previously being populated in my worksheet. I now have the correct vouchers. Those instructions at the first W-4/Estimated question are very misleading. I should not select the W-4 choice but that is the only way to make this work.

mairwin123

No This issue needs to be resolved first. Why? Because if I use the data from the mailed copy data verses the data downloaded it will cost me hundreds of dollars. If its not a Turbo Tax issue then i...

No This issue needs to be resolved first. Why? Because if I use the data from the mailed copy data verses the data downloaded it will cost me hundreds of dollars. If its not a Turbo Tax issue then its a Wells Fargo issue. The financial adviser is suppose to respond to me after they investigate the issue.

GregNHouston

Changing the browser setting to allow Local Network Access worked. Thanks for your help! I wish the Intuit support people knew this fix.

MHeringRVT

While filling out the Idaho state return, I'm asked if I have health insurance premiums that have not been deducted on the federal return. My wife and I are both retired and receive health insura...

While filling out the Idaho state return, I'm asked if I have health insurance premiums that have not been deducted on the federal return. My wife and I are both retired and receive health insurance through her old employer, however we pay a monthly premium for these benefits. These premiums were not deducted on the federal return because we used the standard deduction. Our total insurance premiums and medical expenses do not exceed the 7.5% of AGI threshold. Can these premiums be deducted for the state of Idaho, or is it presumed that they have been deducted by using the federal standard deduction? Thank you.

fathershine

Thanks for the verification. Not the answer I was hoping for but the one I extected.

Trixie@home

Using TurboTax Online. The information is entered in the Federal return, but the OR form 40P shows blank in the Federal column. I can input the amounts manually but it says it needs to match the Fe...

Using TurboTax Online. The information is entered in the Federal return, but the OR form 40P shows blank in the Federal column. I can input the amounts manually but it says it needs to match the Federal column, which is not editable. How can I resolve this?

d-hocamp

I have always used the Standard Mileage Deduction for my vehicle I use to travel to/from my farm but this year, TT desktop flags an error on line 33.c on the Car and Truck Expense Worksheet, and forc...

I have always used the Standard Mileage Deduction for my vehicle I use to travel to/from my farm but this year, TT desktop flags an error on line 33.c on the Car and Truck Expense Worksheet, and forces me to include the purchase price of my vehicle. That number then propagates through the rest of the form to calculate the amount of depreciation, even though I'm using the standard rate. I have never encountered this problem in the past 10 years and I'm confused why I'm now required to enter information for calculating depreciation. It appears to be an error in TT 2025. ??????

RogerD1

You could try deleting the 1099-SA Forms in your return and re-entering them. To delete forms, go to the menu on the left side, click on Tax Tools, and then click on Tools. Select "Delete a fo...

You could try deleting the 1099-SA Forms in your return and re-entering them. To delete forms, go to the menu on the left side, click on Tax Tools, and then click on Tools. Select "Delete a form" on the pop-up menu and click on the trashcan icon to the right of your 1099-SA form(s). Then go back to the Deductions and Credits section of your return and click on HSA, MSA contributions and try entering the forms again.

whodiini

You're lucky if that is the only bothersome issues. My biggest by far complaint is their refusal to tell you what the critical updates affect. It simply says critical updates and as the user, you a...

You're lucky if that is the only bothersome issues. My biggest by far complaint is their refusal to tell you what the critical updates affect. It simply says critical updates and as the user, you are left guessing what changed and whether it will affect you or not. Here is my real life example of not knowing what a critical update impacted. Normally I import the prior year's file and start from there. I learned the hard way that one needs to launch last year's TT first, get the critical updates BEFORE importing the file. One year, the issue was the critical update corrected an issue where TT did not carry the depreciation on rental property properly to the next year. Tax due/refund didnt change, but when importing the file to the next year, important info was missing. It took me 2 years later to realize the problem, so I had to amend 3 years of tax returns to fix it. What a mess for their arrogance!

Ksteidinger2

My refund updated today to show my refund was funded 2/18/26. I opted for the 5 days early and paid my fees out of my federal refund. I have yet to see it in my bank account. Is there a way to check ...

My refund updated today to show my refund was funded 2/18/26. I opted for the 5 days early and paid my fees out of my federal refund. I have yet to see it in my bank account. Is there a way to check on this

MelindaS1

My suggestion would be to try deleting this 1099-R entirely and re-entering or re-importing it, since that is a valid zip code. To delete a 1099-R using TurboTax Desktop, follow these navigating step...

My suggestion would be to try deleting this 1099-R entirely and re-entering or re-importing it, since that is a valid zip code. To delete a 1099-R using TurboTax Desktop, follow these navigating steps: Go to Wages & income Scroll to IRA, 401(k), Pension Plan Withdrawals (1099-R) Select [Add/Edit] Identify the record you want to delete Select the trash can on the right Are you sure you want to delete this 1099-R? - Yes Then follow the navigation steps to 3. to add it again, and see if the error is resolved.

broyae4281

Forms mode is not available in TurboTax online. The software is opening the form however and highlighting the box that states " If you do not qualify for the federal EITC, but do qualify for the Ill...

Forms mode is not available in TurboTax online. The software is opening the form however and highlighting the box that states " If you do not qualify for the federal EITC, but do qualify for the Illinois EITC, check this box and complete the Illinois Expanded EITC Worksheet below." This was all outlined in my original post. You then say to Look for pink boxes showing an error and correct them. However, the pink box in this case is for those that qualify for the Illinois EITC. I do not qualify, so therefore would not check the pink box. And TurboTax will not allow me to efile. If your software has a bug, then do the right thing and give me a partial refund for the time and hassle you've already caused me, and will cause me in the near future when I have to file by mail. In case it's not clear you have once again not solved my issue four days after my original post.

pixeemom

Max3721

Thank you! This new form has casued such a headache .

maurisalas96

ThomasM125

You would enter the passive losses for each year. I believe you are on the screen that says Enter info about passive losses. The first cluster of data is for your regular losses and the bottom ...

You would enter the passive losses for each year. I believe you are on the screen that says Enter info about passive losses. The first cluster of data is for your regular losses and the bottom cluster is for QBI losses. You may have had years where your loss was not from qualified business income so that is why you have the two sets of data, though they would likely be the same. You need to enter the losses by year that make up the total listed on the bottom of the column. If the total at the bottom of the second cluster of data only lists the loss sustained in 2024 but it should include losses from previous years, then your loss carryovers may not be reflected properly in TurboTax. You should see an opportunity to adjust that on the previous screen where is says Passive Losses from prior years. That is where the numbers in the worksheet come from. You can enter on that screen your correct loss carryover amount to the current year, both for regular loss purposes as well as QBI loss purposes.

noellematthews

I have been on the phone and on my computer for hours trying to figure this out, so hoping someone else finds this and it helps them. I was on Paid Leave Oregon for the end of 2025 and beginning of 2...

I have been on the phone and on my computer for hours trying to figure this out, so hoping someone else finds this and it helps them. I was on Paid Leave Oregon for the end of 2025 and beginning of 2026. I received a 1099-MISC from the Oregon Employment Department, and I called to confirm from them that this was the correct form (on Turbo Tax's "expert" request- they thought the state sent me the wrong thing?? sure.). When I went through all the prompts to enter the 1099-Misc, no matter what I did it would turn it into self-employment, adding a schedule C and taxing me at a MUCH higher rate. I half considered entering it as a 1099-G so it would be taxed correctly, but did not want to knowingly do something incorrect... after hours of searching message boards I FINALLY found the issue. Here are the steps: 1. Enter in the 1099-misc info 2. Describe the reason for this 1099-MISC: "Paid Leave Oregon" (or whatever leave/program it is for) 3. Do one of these uncommon situations apply?: Click "None of these apply" 4. Did the Paid Leave Oregon involve work that's like your main job?: Click "No, it didn't involve work like your main job" 5. How often did you get income for Paid Leave Oregon? THIS IS THE IMPORTANT STEP THAT KEPT MESSING ME UP, AND THE ONLY WAY TO GET IT TO TAX PROPERLY. You absolutely MUST only click the box "You got it in 2025." you can't click for 2024 or 2026 (or past/future years, whenever you're reading this). On this page the only year that matters is the year that is listed on the 1099-MISC. If you click anything additional, the system borks up and counts it as Self Employment and brings in a schedule c, which will tax you more. This was an ABSOLUTE NIGHTMARE EXPERIENCE and it is crazy that of the 5 "experts" I spoke with, none of them knew this was a problem. Anyway, hope this helps someone out there!!

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Deduction of Health Insurance Premiums in Idaho

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2025 OR does not import HSA or IRA amounts from Federal

TT Desktop 2025 asking for depreciation information for my vehicle, even though I'm using the standard mileage deduction.

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Refund

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Re: Issue with IL EITC Not allowing me to e-file

my son forgot to put down that he can be claimed and now my taxes got rejected how do i fix

Re: My 1099-DA

If the bank account I presented in my declaration has been closed, will I still be getting my refund through a mailed check?

Re: Confusion with Entry of Passive Losses for Rental Property

1099-MISC input for Paid Leave Oregon- Input for no Schedule C

Do you have a TurboTax Online account?

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