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I am trying to see how I can find historical info on prior years' contributions.  I only keep 7 years of info and these would have been made before that.  How long would the fiduciary (Fidelity) hold... See more...
I am trying to see how I can find historical info on prior years' contributions.  I only keep 7 years of info and these would have been made before that.  How long would the fiduciary (Fidelity) hold those records?  Or, would the IRS have the old 1099-R's
Do you have a business set-up in TurboTax that the 1099-NEC is linked to?  The 1099-NEC has to flow to a Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship) in order for the in... See more...
Do you have a business set-up in TurboTax that the 1099-NEC is linked to?  The 1099-NEC has to flow to a Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship) in order for the income to show up anywhere.  If you haven't set up your business yet see the following:   To set up a Schedule C business in TurboTax, go to Federal, select Wages & Income, and find Business Income and Expenses (Sch C) under "Self-employment".  The program will guide you through the process.    
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finish... See more...
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
To enter rental property sales, you will need to do it in the section where you report the assets for your rental.  To get to that section in TurboTax:   Go to Wages and Income and select rent... See more...
To enter rental property sales, you will need to do it in the section where you report the assets for your rental.  To get to that section in TurboTax:   Go to Wages and Income and select rental income Select Start or Update next to Rental Properties and Royalties (Sch E). Answer Yes to the question Did you have any income from rentals or royalties? Follow the on-screen instructions You will report the sale when you get to the Expenses/Assets (Depreciation).   I sold my rental property. How do I report that?    
@trishmclain  Not until the IRS updates the Form 1040-X instructions for tax year 2025 can TurboTax provide a 2025 Form 1040-X. Current IRS Form 1040-X instructions are for tax year 2024 - https:... See more...
@trishmclain  Not until the IRS updates the Form 1040-X instructions for tax year 2025 can TurboTax provide a 2025 Form 1040-X. Current IRS Form 1040-X instructions are for tax year 2024 - https://www.irs.gov/pub/irs-pdf/i1040x.pdf IRS Draft Form 1040--X instructions for tax year 2025 - https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf
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