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I think I've figured it out.  The discount 'interest' is the amount on the matured treasuries.  The numbers are within $ of each other and caused the confusion.  
Hi, I cannot file federal taxes, I get: Form 8962: Your calculations could not be completed. Reference code: 4-530-582 By mistake, I started adding a 1095A form (I have 1095C).  I deleted the for... See more...
Hi, I cannot file federal taxes, I get: Form 8962: Your calculations could not be completed. Reference code: 4-530-582 By mistake, I started adding a 1095A form (I have 1095C).  I deleted the forms related to medical expenses, but I still got the error.  Thank you very much, Carlos
When you click the Trash Can icon on the Canadian Retirement Summary page, the Worksheet will be deleted, so this will not transfer to next year's return.  Fortunately, the display issue of $0 on the... See more...
When you click the Trash Can icon on the Canadian Retirement Summary page, the Worksheet will be deleted, so this will not transfer to next year's return.  Fortunately, the display issue of $0 on the Income Topics page does not affect your return.   @LB641       
My husband and I both selected file married jointly. We had our own accounts and only put in our own information. (We messed up and treated it like filing separately). Mine was accepted and his was n... See more...
My husband and I both selected file married jointly. We had our own accounts and only put in our own information. (We messed up and treated it like filing separately). Mine was accepted and his was not. What do I need to do so that he also gets his return? 
@fabianojoe I mentioned using the all worksheet option is that most users want a record of everything that was used in the tax return. It is not required you use that option, you can just select Pr... See more...
@fabianojoe I mentioned using the all worksheet option is that most users want a record of everything that was used in the tax return. It is not required you use that option, you can just select Print, save or preview this year's return and then Just my tax return(s)
After you have entered your form 1099-R, TurboTax will take you to the summary page titled Your 1099-R Entries.   On that page, click Continue and follow the TurboTax interview until you arrive a... See more...
After you have entered your form 1099-R, TurboTax will take you to the summary page titled Your 1099-R Entries.   On that page, click Continue and follow the TurboTax interview until you arrive at the page titled Enter Prior Year Roth IRA Contributions where you can enter the amount of your past contributions.
We haven't open the IRA or Roth IRA.   So can he open a Non deductible IRA and do the back-door conversion to a Roth IRA? If he has other IRAs, how the back door conversion be done?
We have reviewed the Asset Entry Wks with the Special Depreciation (SDA) error. Understanding that you wish to preserve the historical value for SDA, please follow these instructions to resolve the e... See more...
We have reviewed the Asset Entry Wks with the Special Depreciation (SDA) error. Understanding that you wish to preserve the historical value for SDA, please follow these instructions to resolve the error: Open your return and click the Forms icon in the TurboTax header.  In the list of Forms in My Return on the left, scroll down and look for an Asset Entry Wks with a red exclamation mark.  Click the form name to open it in the large window.  On the line Economic Stimulus - Qualified Property, notice the checkmark in the "Yes" box.  In order to claim SDA, Line 1 must also be checked "Yes" instead of "N/A."  If you can't change Line 1 initially, uncheck the Qualified Property "Yes" box above Line 1, then recheck that same box.  You should then be able to answer "Yes" on Line 1. Confirm that no red exclamation marks remain for your forms. Click Step-by-Step in the header to return to the main screens. @jerryboda
The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   The senior additional deduction is not included in the standard deduction b... See more...
The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   The senior additional deduction is not included in the standard deduction but appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   to preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b   and you should see the amount of this deduction included in this line.
2PM update 2/25/26  I did not close the TurboTax file before lunch.  Came back after a short nap and the transmit button screen was still up.  Rather than close I tried again ( I just love rejection ... See more...
2PM update 2/25/26  I did not close the TurboTax file before lunch.  Came back after a short nap and the transmit button screen was still up.  Rather than close I tried again ( I just love rejection and error messages).  This time it transmitted.  I don't know if it was lunch, the nap, all the posts about the problem, or they finally fixed the problem, but it worked.   😂
People I know who use the regular pay for use Turbo Tax get their taxes accepted by State and Fed almost instantly
Thank You.   In the Deductions and Wages for T-IRA there is a question on whether I recharacterized the contribution and the amount. Somehow that had $7000. After removing that line 1 on 8606 got $... See more...
Thank You.   In the Deductions and Wages for T-IRA there is a question on whether I recharacterized the contribution and the amount. Somehow that had $7000. After removing that line 1 on 8606 got $7000 added and everything is back to normal
Where is the $6,000 senior deduction from the big beautiful bill?
The settlement statement will have the selling prices and the selling expenses. Just keep the 1099-S in your file and you can report the rental sale.    The information here assumes you did not u... See more...
The settlement statement will have the selling prices and the selling expenses. Just keep the 1099-S in your file and you can report the rental sale.    The information here assumes you did not use this property as a home within the last five year.  If this is incorrect you will need to update here for different instruction.   First I will place an example of how you prorate the selling price to each of the assets including the land.   For any asset, such as appliances, that really have no value because they are past the recovery period of five years you can use a zero.   Use the original cost of each asset listed on depreciation, add those together then divide each one by the combined total to find the percentage of the cost for each asset.  Use that percentage times the sales price and sales expenses to find the selling price/sales expenses for each asset. If you want you can check the allocation of building and land in your county real estate tax office, on file now.   Example:  Original Cost (of each asset on your depreciation schedule) $10,000 Land                = 13.33%  $50,000 House              = 66.67% $15,000 Improvements  = 20% $75,000 Total                 = 100%   Multiply each percentage times the sales price/sales expenses to arrive at each individual sales price/sales expense.   Passive Activity Loss Entry if applicable: Assuming your passive losses were carried over each year, this will be a separate and identifiable entry which will carry to the Schedule E.  The full remainder of passive loss carryover is used in the year of sale as an expense. This is combined with your overall rental gain or loss to your Form 1040.  When you are on the screen 'Do any of these situations apply to this property?' (Property Profile section), be sure to check the box under Carryovers.  See my notes below on entering the sales price/expenses for each asset inside the rental activity. You need to dispose of the property by telling TurboTax how and when it was disposed of.  Follow the instructions below. Click on Search (upper right) > type schedule e > Enter > click Jump to .... link Answer the questions and on under Rent and Royalty Summary, click Edit Click Update to the right of Assets/Depreciation. Do you want to go directly to your asset summary?, click Yes and Continue Click Edit to the right of each asset to be disposed of Go through several screens until you get to Tell Us More About This Rental Asset Click on This item was sold…….   And continue to answer the questions You might also review information here for more details    @user17720471246 
Hi, dmertz’s interpretation is correct, and we are experiencing the same issue described in the original post. TurboTax 2025 Deluxe does not allow any deductible IRA contribution for the non-working... See more...
Hi, dmertz’s interpretation is correct, and we are experiencing the same issue described in the original post. TurboTax 2025 Deluxe does not allow any deductible IRA contribution for the non-working spouse when the working spouse is covered by a workplace retirement plan, even though our MAGI is well below $246,000 for married filing jointly.   It appears that the software is incorrectly treating both spouses as covered by a workplace retirement plan and therefore applying the lower MAGI phase-out range of $126,000–$146,000 for married filing jointly.   How does TurboTax plan to address this software issue, and what should we do in the meantime? Any guidance from TurboTax would be greatly appreciated. Thank you.
Online Premier 2025 I'm confused as to whether or not there is anything for me to do on, "Do any of these situations apply to you?”. There are two images.   Thanks, Mike
I did a ROTH withdrawal in 2025.  How can I confirm the amount was solely from deposits and not market gains.  The account has changed fiduciaries, but I do not have record of what was deposits.  Add... See more...
I did a ROTH withdrawal in 2025.  How can I confirm the amount was solely from deposits and not market gains.  The account has changed fiduciaries, but I do not have record of what was deposits.  Additionally during the time of roll-over the TRAD and ROTH went to the same fiduciary.  I can I confirm this?