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Ok so what should I do with this scenario. I have zero earned income and   I contributed up to the limit ($8000) Realized my mistake within a couple days. Withdrew all the funds immediately. ( About $7975 as the value went down). Is there anything else I should have done?

If it's for a state (because you never said what state you were talking about)  without an incoem tax....you leave the state boxes empty for that state.   For a W-2, it would be boxes 15, 16, 17 left empty...ENTIRELY BLANK.   For a 1099-R , it would be boxes 14, 15, 16 left entirely blank.   For other forms...depends on what the form is.....

You heard a lot of political hot air, but the tax laws did not change pertaining to taxing Social Security.  SS is still taxable, just like it has been for many years.  The difference for 2025-2028 is a new "senior deduction" for folks 65 or older. 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.on line 13b.     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       Up to 85% of your Social Security benefits can be taxable on your federal tax return.  There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits.  When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable.     What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2021 it was  $18,960.  For 2022 it was  $19,560  —  for 2023 $21,240)  For 2024, $22,320.  For 2025 it will be $23,400; 2026   $24,480   After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare.  If you work as an independent contractor then you will pay self-employment tax for Social Security and Medicare.   To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2025 Form 1040   https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable   You need to file a federal return if half your Social Security plus your other income is   Single or Head of Household      $25,000 Married Filing Jointly                  $32,000 Married Filing Separately            $0   Some additional information:  There are 9 states that tax Social Security—Colorado, Connecticut,, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont  and West Virginia These states offer varying degrees of income exemptions, but two mirror the federal tax schedule: MN and VT.    

It could be that your return includes a specific form, credit, or data override that isn't compatible with your state's electronic filing system. This can happen if you are claiming specialized local credits, filing for a part-year residency, or if the software requires a physical attachment that cannot be bundled into an electronic file. Since you have already paid the fee, you can request a refund by using the information here: How do I request a refund for my TurboTax product?

I posted this in another thread and hope this helps those searching here:   Here is what I did to get rid of this annoying problem..   First, I made sure all of my 1099-Rs were entered correctly. (One was manually entered and one was imported)   I then followed what SteamTrain suggested: "delete the form (trashcan) in the Canadian Pension area...but DO NOT Continue out of that page.   Just jump to another area entirely by clicking a different section selection in the menu...like click on Deductions&Credits."   I then did a Federal Review and TurboTax indicated I had no errors.   I went back to the "Wages and Income" summary page and clicked the "Next Income Section" at the bottom right of the summary page. TurboTax continued on without problems and I was able to complete the Federal and State returns by the interview method and e-file without errors.   I suggest once you trash can the Canadian form in the 1099-R section that you do not go back into that section. I think going back to the 1099-R section might re-trigger the Canadian form error. At least, that's my experience/suggestion.

You will enter all of your gambling winnings into TurboTax. Your winnings and losses need to be separated and reported individually. You cannot offset your winnings from one day with your losses from another day in order to report your net winnings or losses.    Please see these links for additional information: Can You Claim Gambling Losses on Your Taxes?   Gambling income and losses   You can only deduct your gambling losses if you itemize your deductions. You will only itemize your deductions if all of your itemized expenses exceed what you are getting for your Standard Deduction.   If you claim the Standard Deduction, then you can't reduce your tax by your gambling losses.   Your gambling losses will flow to your state return. Your state may have different rules for gambling losses.   When you enter your gambling winnings, the TurboTax interview will also ask you questions regarding your gambling losses, after you input your gambling winnings. That is where you will input your gambling losses.   Keep in mind that gambling losses are only deductible to the extent of your winnings. ‌You are required to report all the money you win as taxable income on your return.    The IRS requires you to keep a log of your winnings and losses as a prerequisite to deducting losses from your winnings.    If you have a Form 1099-Misc, you will enter it as follows:   Click on the "Search"  icon Enter "1099-MISC" in the search box   Select "Jump to form 1099-misc" It will take you to a screen that says, "Did you get a 1099-MISC? Select "Yes" Enter your Form 1099-MISC information Answer all follow-up screens If you have to remove income that was "double reported" you will:  Go to "Wages & Income" Scroll down to "Miscellaneous Income" Select "Start" or "Update" next to "Other Income not already reported on a Form W-2" On the screen "Other Wages Received" Select "Yes" to "Did you receive any other wages?" Skip the next three screens Select "Yes "to "Did you earn any other wages?" Select" Other" on the screen that says "Enter Source of Other Earned Income" then  select "Continue" For description enter "gambling income reported on 1099-Misc instead of w2-g"   Enter the amount of the 1099-Misc as a negative number.     Click here for additional information on gambling losses and what documentation is required.   Click here for Diary or Similar Record   Please return to Community if you have any additional information or questions and we would be happy to help.  

Thanks for the reply.  I have tried to enter in the K-1 on the "other increse line, but it will not allow entry.  Going to the K-1 worksheet for that partner, it only allows entry in the "basis" column, not the "capital" column.  Entering anything in the basis column does not transfer over to the K1.

Form 4562 is now updated for Schedule E and ready to use in TurboTax   Please make sure you have the latest updates and walk through that section again.     Updates in TurboTax Online are automatic.     If you are using TurboTax Desktop, please follow these steps:   Log-in to TurboTax Desktop  Select Online from the top left bar menu Choose Check for Updates Choose Ok @ldh312 

We are unable to reproduce this experience in TurboTax Business. It would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions:    Open your return and go to Online in the top menu, then choose "Send Tax File to Agent." You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important.   We will attempt to determine the cause of your experience and possibly provide you with a resolution.