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March 1, 2026
1:53 PM
Can you clarify where you are seeing the penalty? When the Box 7 code is 7, it should not be calculating any penalty.
If you are looking at the refund calculator, it is likely that you are j...
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Can you clarify where you are seeing the penalty? When the Box 7 code is 7, it should not be calculating any penalty.
If you are looking at the refund calculator, it is likely that you are just seeing the difference in the tax withheld versus the actual tax on your income - withheld tax will not always be equal to the actual tax on a distribution.
March 1, 2026
1:53 PM
I found the answer I believe - Since it was a backdoor Roth IRA conversion, it should not have been entered as a recharacterization. Once I removed recharacterization, the excess contribution tax was...
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I found the answer I believe - Since it was a backdoor Roth IRA conversion, it should not have been entered as a recharacterization. Once I removed recharacterization, the excess contribution tax was gone!
March 1, 2026
1:51 PM
If I contributed an excess of $3,500 to my Roth IRA in 2024, but did not realize until March 2026, how do I report this on my 2024 and 2025 taxes? I assume the first step would be to have my custodia...
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If I contributed an excess of $3,500 to my Roth IRA in 2024, but did not realize until March 2026, how do I report this on my 2024 and 2025 taxes? I assume the first step would be to have my custodian remove the excess contribution and associated gains, but from there what would the proper course of action be? My understanding is it would be as follows: 1. Amend my 2024 tax return, by reporting the excess $3,500 in contributions, then the TurboTax software will likely have me fill out form 5329 in order to pay the 6% excise tax; I also believe I will need to input the info I would likely see on my 1099-R form in order to have my amended 2024 tax return reflect the earnings related to the excess contribution removal, though I will need to calculate this (specifically the NIA) myself as I don't think I will I will receive the 1099-R until later in 2026/2027, but the info should just be the earnings, total amount returned, and inputting codes P and J (I also believe that assuming I input the form 1099-R info correctly, I can disregard the form once I receive it given I have reflected it in my amended 2024 taxes) 2. Once I have successfully and correctly amended my 2024 tax return, and it has been processed/accepted by the IRS, I can then file my 2025 taxes, which should i) also include a form 5329 in order to pay the 6% excise tax as I didn't remove the excess until after 12/31/25 and ii) should reflect the info from the processed/accepted amended 2024 taxes 3. Once I have successfully amended my 2024 tax return and file my 2025 tax return, I should be all good and will no longer have to pay the 6% excise tax given at 12/31/26 there will no longer be an excess present nor will I have to make any other retroactive corrections, and I should be good for the 2026 tax year Any advice/corrections/clarifications/answers to the above would be much appreciated, that way I can correctly go about doing all this in TurboTax and not have any more issues going forward. Thank you!
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March 1, 2026
1:50 PM
I will correct my earlier reply. If you remove all versions of Microsoft Visual C++, installation of TurboTax will download the necessary redistributable file/(s) without your intervention.
March 1, 2026
1:48 PM
I rent out part of my primary residence under the paradigm that my housemates are my "business clients". Are we required to claim the property portion of the real estate taxes and mortgage interest ...
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I rent out part of my primary residence under the paradigm that my housemates are my "business clients". Are we required to claim the property portion of the real estate taxes and mortgage interest on SCH E? Rather than spread the claim between SCH E and SCH A, is it possible to account for them totally on SCH A? I think the answer is probably they must be accounted for and split, but I wanted to check. SCH E deduction is limited to the rental income. The average rent where I am did not cover rental costs this year, and splitting these reduces the deduction on the SCH A. Thanks for your responses!
March 1, 2026
1:48 PM
1 Cheer
Once your browser has opened a window to Sign In to your financial account, click the icon to the left of the URL address. Then click on 'Site Settings'. On the list that opens, scroll down to LAN ...
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Once your browser has opened a window to Sign In to your financial account, click the icon to the left of the URL address. Then click on 'Site Settings'. On the list that opens, scroll down to LAN and choose 'Allow'.
@Bfair1599
March 1, 2026
1:48 PM
Nice solve for Deskstop! But unfortunately I'm using TT Online which doesn't have a 'Forms' view. Certainly hope they get this fixed as promised on 3/6!
March 1, 2026
1:47 PM
I cashed out a life insurance policy in January 2025. I was 59 but not yet 59 1/2. I requested taxes to be taken out before they sent me the check. I received a 1099-R. Box 7 is Code 7. As I am ...
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I cashed out a life insurance policy in January 2025. I was 59 but not yet 59 1/2. I requested taxes to be taken out before they sent me the check. I received a 1099-R. Box 7 is Code 7. As I am preparing my taxes, it appears that I am going to be charged a 10% early withdrawal penalty. Is that correct? I realize that I was not 59 1/2 but it was a life insurance policy surrender, not a retirement account. I appreciate your assistance.
March 1, 2026
1:47 PM
(The Community is a different system than the area in which the Live Experts operate. This is a public forum.)
If your looping issue involves a Desktop product that was not fully installed, ple...
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(The Community is a different system than the area in which the Live Experts operate. This is a public forum.)
If your looping issue involves a Desktop product that was not fully installed, please see this help article for solutions.
Otherwise, try these troubleshooting steps:
If stuck in a loop, clear your browser cache/cookies or log out and back in.
If you are stuck in a loop with your state return, try the following fix:
To resolve, close TurboTax and then:
Download the TTStateCleanup.zip file and save it to your desktop or other easy-to-find location.
Double-click to open the zip folder.
Extract the contents of the folder to your desktop and open the extracted folder.
Right-click the downloaded file (TTCleanStates.exe) and select Run as Administrator.
Select your version (Personal or Business).
Select your state from the dropdown menu and choose Remove (if you're having problems with multiple states, choose Remove all States).
Once the tool finishes removing the state return(s), close it and reopen TurboTax.
Follow the prompts to update TurboTax at the prompt. It should start downloading your state.
If it doesn't, click the State Taxes tab and download it from there.
If this fix fails:
Uninstall TurboTax.
Double-click the CD or download file to start the reinstallation process.
Select Next on the welcome screen.
Select I Agree on the License Agreement.
On the next screen, where you see the install location, select Browse and change it to the location where TurboTax was originally installed (normally, it's something like C:Program Files (x86)TurboTaxDeluxe 20XX).
Select Install after changing the location.
Open TurboTax after installation and proceed to your state taxes.
If the preceding steps don't resolve this issue, restart your computer in Selective Startup and run the tool again.
March 1, 2026
1:46 PM
As far as I know, if you remove, Microsoft Visual C++ 2015-2022 Redistributable (X64), even TurboTax will not install or run.
March 1, 2026
1:45 PM
Thanks for your reply As stated in my previous reply, I have already tried deleting form 1099-G twice. I also cleared my return and re-entered my info manually twice. Nothing changed.
March 1, 2026
1:45 PM
1 Cheer
Yes, that's what I did as well. It's just the worksheet. Seems like a bug in the software. I tried 0 but validation blocked it. Then I found it was jut the worksheet and I confirmed turbotax doesn'...
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Yes, that's what I did as well. It's just the worksheet. Seems like a bug in the software. I tried 0 but validation blocked it. Then I found it was jut the worksheet and I confirmed turbotax doesn't submit the worksheet, so I tried to delete it. When system validation blocked deletion I entered 1, made sure it didn't recalculate anything that impacted my return, and moved on.
March 1, 2026
1:45 PM
Check your 1040 or 1040SR line 13b. That's where the extra 6,000 (12,000 Joint) shows up. It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction i...
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Check your 1040 or 1040SR line 13b. That's where the extra 6,000 (12,000 Joint) shows up. It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 If you are looking for the full $46,700 (34,700+12,000) it should be on 1040 line 14. What do you have on 1040 or 1040SR line 13b? See the 1040 ….
March 1, 2026
1:45 PM
My 1099 R was not put in with taxes to mail I was told to wait march 6 what do I need to do
March 1, 2026
1:45 PM
I have the same issue when I tried to complete the part for the Efiling, The return got rejected almost instantaneously and I got back the error to await 03-06-2026. I checked on TT site and it show...
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I have the same issue when I tried to complete the part for the Efiling, The return got rejected almost instantaneously and I got back the error to await 03-06-2026. I checked on TT site and it shows that this "Forms View" is only available with the desktop product NOT the online version. So - In any case it would seem prudent to await for the 03-06-2026 and retry which is exactly what I am gonna do. Thanks Karthik
March 1, 2026
1:44 PM
1 Cheer
I got the same message. When I compare my answers to TurboTax questions online to what it fills in the form for 17 a, b, and c they are not matching. Seems like TurboTax system is selecting no for al...
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I got the same message. When I compare my answers to TurboTax questions online to what it fills in the form for 17 a, b, and c they are not matching. Seems like TurboTax system is selecting no for all questions. If no is selected, you can't qualify for the tax credit.
March 1, 2026
1:44 PM
Anything ever happen from this? This just bent me over and fkd me the same way. I chose the bubble for $40. A couple screens before denied the 70 80 upgrade. But then bam...fkd me with $199???? ...
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Anything ever happen from this? This just bent me over and fkd me the same way. I chose the bubble for $40. A couple screens before denied the 70 80 upgrade. But then bam...fkd me with $199???? How the fk do they do this?
March 1, 2026
1:43 PM
Definitely over 65. How would I verify the deduction in TT? It really won't mater at this point, having filed already. Additionally, our standard deduction erased the IRS income tax this year. It wou...
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Definitely over 65. How would I verify the deduction in TT? It really won't mater at this point, having filed already. Additionally, our standard deduction erased the IRS income tax this year. It would be nice to see where this would show up on our forms for future reference. Thanks, DaveR
March 1, 2026
1:43 PM
Turbotax 2025 reporting "Tax on Excess Contribution" with $7000.00 Traditional IRA non-deductible contribution and subsequent Roth IRA conversion. There are no other open non-deductible IRA balances....
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Turbotax 2025 reporting "Tax on Excess Contribution" with $7000.00 Traditional IRA non-deductible contribution and subsequent Roth IRA conversion. There are no other open non-deductible IRA balances. How to correct this error?
March 1, 2026
1:43 PM
I have the same issue when I tried to complete the part for the Efiling, The return got rejected almost instantaneously and I got back the error to await 03-06-2026. I checked on TT site and it show...
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I have the same issue when I tried to complete the part for the Efiling, The return got rejected almost instantaneously and I got back the error to await 03-06-2026. I checked on TT site and it shows that this "Forms View" is only available with teh desktop product NOT the online version. Thanks Karthik