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This TT question about annuity taxability is my problem: "For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?" The problem is there are several amounts shown on the form 1099-R.    Why not say the box 2a, The Taxable Amount.  Or is the Taxable Amount shown in box 2a the amount you paid tax on?   That would certainly be more clear.    Although since we don't know what goes on behind the scene in terms of the TT calculations it is hard for a TT customer to know for sure the correct answer  

In past years, I received a mailed copy of persoanl and Business versions.  I loaded each version into a separate program file and had no problems.  For the 2025 version, I had to use download.  When I downloaded the two versions both installed programs went into the same program file folder.  I have had no problem with personal but I cannot launch business and there is no shortcut to launch it.  So, I need to do 7004s this week and cannot get into the software to do so.

My taxes are very basic with T4 and RRSP. I used TurboTax standard desktop version last year to file taxes.   This year, I have T5008 and T5 as well. Can I keep using Standard or do I need to Premier?   If I decide to migrate to cloud version (Deluxe/ Premier online) this year, can I automatically import all pre saved info from desktop version last year? Can I use Deluxe instead of Premier online?

I received two 1099-Rs from Raymond James for the same account number.  Box 1 on each 1099-R has different amounts and box 7 on one has a code distribution code of 7 and the other has a distribution code of Y,7.  The 1099-R with the Y,7 distribution code has the same amount in Box 1 as the QCDs I distributed from this RMD account.   I am not sure how to enter the data in TurboTax since it asks the same questions for the two 1099-Rs, e.g., "I transferred all or part of this money directly to charity", "RMD due by Dec. 31", and "amount donated to charity."

This is how to fix the "Box 17 Code V" error in TurboTax (relating to S-Corp K-1s), you must enter the accompanying Section 199A income/wage data from your statement into the "We need some information about your 199A income" screen. Locate the Statement: Find the supporting statement for your K-1, Box 17, Code V. Enter Details: When in the K-1 entry screen, enter the code V, but leave the dollar amount blank. Putting 0 in this box will often cause an error. Navigate to Section 199A: Proceed through the interview until you reach a page titled "We need some information about your 199A income or loss". Fill in Data: Input the specific income, W-2 wages, and UBIA (Unadjusted Basis Immediately After acquisition) amounts from your statement. You may find this information on your K1: Statement A-QBI pass-through entity reporting. Under QBI or qualified PTP items subject to shareholder-specific determinations: Alternatively, If you have no income to report, you may need to delete the codeV. To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "K-1" in the search window and press return or enter, and then click on the "Jump to K-1" link to find the K-1 you need to edit.