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a month ago
Hi Folks I finally figured out the issue. TT had two sources for Wells Fargo accounts: 1. Wells Fargo (missing the "Advisors" portion of the title that had been in previous years of TT) 2. Wells F...
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Hi Folks I finally figured out the issue. TT had two sources for Wells Fargo accounts: 1. Wells Fargo (missing the "Advisors" portion of the title that had been in previous years of TT) 2. Wells Fargo Clearing The first source connected to my account but would not respond with the 1099. I was hesitant to use the second source. It linked to an unfamiliar website. I took a leap of faith and tried it. It worked. Thank you all for your help.
a month ago
Enter it all as one entry. Since this is all from your brokerage statement, you can enter it all as one entry and label it as RIC (registered investment company). You can then proceed to enter the...
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Enter it all as one entry. Since this is all from your brokerage statement, you can enter it all as one entry and label it as RIC (registered investment company). You can then proceed to enter the total tax paid as one entry as well.
a month ago
How to I download my tax return to send in and what else needs to be done?
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a month ago
1 Cheer
Hi @MonikaK1, I don't have any more issues with TT, but I can tell you the steps that led me to this particular issue. 1. Go through all the Income pages 2. Go through all the deduction and ...
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Hi @MonikaK1, I don't have any more issues with TT, but I can tell you the steps that led me to this particular issue. 1. Go through all the Income pages 2. Go through all the deduction and credit pages 3. See the page that compares the Standard and Itemized Deductions. It shows the same Fed. refund amount for both methods. 4. It also shows that TT has chosen Standard Deductions. I wanted to change that to Itemized, so I clicked on the button for Change Deductions Type (can't remember the exact button label). 5. The popup shows Standard Deductions button highlighted, so I clicked on the Itemized button, which became highlighted, and I closed the popup by clicking on Continue. 6. This was when I noticed that TT still showed I chose Standard Deductions on the comparisons page.
a month ago
This for 2025 tax year and I have received Social Security benefit and pension and annuity income.
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a month ago
For the last 2 days, I had been in step 3 and when I try to e-file it says “Hmm, looks like we hit a slight snag in this session.” And it doesn’t let me file. I paid $450 to file online and it doesn’...
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For the last 2 days, I had been in step 3 and when I try to e-file it says “Hmm, looks like we hit a slight snag in this session.” And it doesn’t let me file. I paid $450 to file online and it doesn’t work.
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a month ago
my daughter accidently forgot to put that I could claim her on my taxes, she did a amendment and it was accepted, how do I go about filing my taxes not, it has been rejected twice due to this
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a month ago
The steps that DaveF1006 recommends amount to deleting Form 8606. As I said above, if you have a Roth conversion, if you delete Form 8606, it will come right back. I don't know if the bug is that t...
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The steps that DaveF1006 recommends amount to deleting Form 8606. As I said above, if you have a Roth conversion, if you delete Form 8606, it will come right back. I don't know if the bug is that the 8606 gets instantiated when it is not needed, or that Interview asks for a number it should know is not needed, but clearly there is a bug. Or two. The only workaround is to put in a fake number (which is disconcerting no matter how many experts tell you it doesn't matter), or to go find the **bleep** number, which is a waste of time.
a month ago
It may not be the issue for you, but for some folks, they have backups to a cloud drive (like Windows OneDrive), and after a certain amount of time (user-settable I think), the file gets transferred ...
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It may not be the issue for you, but for some folks, they have backups to a cloud drive (like Windows OneDrive), and after a certain amount of time (user-settable I think), the file gets transferred to the cloud. Maybe it got moved there and just needed to be restored to the proper TurboTax directory on your local drive. ....or something else strange is going on, as this doesn't happen to the vast majority of other desktop users.
a month ago
Thank you for your answer! It was the correct solution. Much appreciated.
a month ago
I need to add a credit card account
a month ago
1 Cheer
Yeah I would do nothing and wait and see what the IRS debits your account. The penalty is an estimated amount anyway. The IRS can adjust it and send you a bill for more or a refund.
a month ago
I have found that some data not transferred correctly. 1) Interest on state and local obligations other than Delaware. Comes in as a dollar value but the wrong dollar value. Have checked the fe...
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I have found that some data not transferred correctly. 1) Interest on state and local obligations other than Delaware. Comes in as a dollar value but the wrong dollar value. Have checked the fed entry and it correct. Have checked the DE form and the value is not correct. I have removed the state return and gone through the transfer process afresh, reentering the data and the issue remains. I have calculated the amount for ONLY DE obligations (thinking I misunderstand the stepwise instruction) but that doesn't match either. I am unable to over write the amount on the PTI-RES form Section A, line 2, column B. 2) State tax refund was incorrect. But after removing the state return, execute the transfer process, reentering the data (the error remained). Then I executed the state checking process and returned to the state refund section and the correct data was in place. Any ideas on next steps??? I so hope it's an error on my part that can be easily addressed. 🙂 Thanks in advance for your help!
a month ago
Those instructions don't actually work! I selected "All official forms required for filing" and checked only my "2025 Virginia Tax Return." The filing instructions are "Electronic Filing Instructions...
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Those instructions don't actually work! I selected "All official forms required for filing" and checked only my "2025 Virginia Tax Return." The filing instructions are "Electronic Filing Instructions;" it says "Do not mail a paper copy of your tax return. Since you file electronically, the Department of Taxation already has your return." And it doesn't give a mailing address. But I did not file my state return electronically. This is seriously f***ed up.
a month ago
After following the instructions and adding the 2026 1099-R. I still see in TurboTax on the IRA Contribution Results page 'Tax to excess contribution' of $900. How can I remove the $900 tax appli...
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After following the instructions and adding the 2026 1099-R. I still see in TurboTax on the IRA Contribution Results page 'Tax to excess contribution' of $900. How can I remove the $900 tax applied to my excess contribution that I reverted?
a month ago
MAGI part does not apply, my MAGI is more than 1702
a month ago
The safe harbor rule in tax terms allows taxpayers to avoid penalties for underpayment if they meet certain payment criteria, such as: paying at least 90% of their current year's tax paying 10...
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The safe harbor rule in tax terms allows taxpayers to avoid penalties for underpayment if they meet certain payment criteria, such as: paying at least 90% of their current year's tax paying 100% (or 110% for high earners) of the previous year's tax liability It looks like I fall under the second criteria (I paid 100% of my 2024 withholding thru my ex-employer and got a refund at tax time). Just wondering why TurboTax assessed a penalty fee for tax year 2025? Though I already instruct TurboTax to let IRS calculate the penalty fee as instructed by a Level 15 community member.
a month ago
Yes, you can enter the Form 1099-R now. To enter a refund of excess IRA contributions received in 2026 for 2025 contributions on your 2025 return, follow these steps:
Go to the Wages and Inc...
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Yes, you can enter the Form 1099-R now. To enter a refund of excess IRA contributions received in 2026 for 2025 contributions on your 2025 return, follow these steps:
Go to the Wages and Income section of TurboTax
Find the Retirement Plans and Social Security menu
Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
Choose Add Another 1099-R
Choose I'll type it in myself
Enter your distribution information on the 1099-R template
Enter the distribution amount in box 1 of the substitute 1099-R
Enter the earnings in box 2(a)
Enter code "P" in box 7 (And code "J" if from ROTH IRA)
Choose the year that will be printed on the 1099-R when asked
On the screen that says Do Any of these Situations apply to you? Choose I need to file a substitute Form 1099-R
a month ago
I had this issue a few weeks ago, long story short.......after having a meltdown with a one drive sync issue, etc, I found mine in my recycle bin on my computer. Check there, if you have not yet.
a month ago
The history for your rental house is saved but only in your prior year returns. You'll need to use that history in order to keep it for when you sell it.
Downloading the return required that i...
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The history for your rental house is saved but only in your prior year returns. You'll need to use that history in order to keep it for when you sell it.
Downloading the return required that it be considered completed. So the system gave you the New York return as your free one.