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a month ago
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a month ago
I inherited a Roth IRA many years ago. Do I say that I opened that IRA, or not? I didn't go to a bank and set it up; it just came to me.
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a month ago
I have an inherited IRA in which non-deductible contributions were made. TurboTax has me input taxable amount but does not generate Form 8606. This is a problem since the IRS requires form 8606 be at...
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I have an inherited IRA in which non-deductible contributions were made. TurboTax has me input taxable amount but does not generate Form 8606. This is a problem since the IRS requires form 8606 be attached with returns. It is essential to have form 8606 prevent double taxation by separating contributions that have already been taxed from pre-tax balances. Though I can fill out a form 8606 and mail returns, I would prefer TurboTax generate the form so that I can file electronically as I purchased TurboTax for that purpose. Is there any way to generate form 8606 for inherited IRA directly on TurboTax?
a month ago
@kidsKimTravis It is not available any longer...and hasn't been for several years now. (This conversation (above) was from waaaaaaaaay back in 2019......back when 2017 could be bought, insta...
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@kidsKimTravis It is not available any longer...and hasn't been for several years now. (This conversation (above) was from waaaaaaaaay back in 2019......back when 2017 could be bought, installed, and used)
a month ago
I have 2 children and wanted to sign them both up for Trump accounts but I am only seeing one signed up?
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a month ago
@aysoref You'll be surprised (as I was) to learn that TT Support reached out to me directly via email to see if my issues had been resolved (which they had). This was a couple of weeks ago. It was ...
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@aysoref You'll be surprised (as I was) to learn that TT Support reached out to me directly via email to see if my issues had been resolved (which they had). This was a couple of weeks ago. It was a nice back and forth, and I felt the rep listened to my ranting. My sentiment was actually quite similar to yours in the exchange with TT. I'll quote a line or two from their reply: The tricky thing with these issues is that they are very hard for us to recreate. But we do take what our users share seriously. Things sometimes just take time. With so many users of the Desktop version reporting this same issue, I do find it hard to believe they wouldn't be able to recreate the issue. But it would require the financial institution to allow them access to dummy logins, accounts and forms. I would imagine they would have this access with each institution in order to conduct proper beta testing before making the software live.
a month ago
Where in turbo tax "Income" do I eter the 1099-R for this ?
a month ago
Hi, In 2025 Walgreens stopped distributing dividends and sold the common stocks (WAL1). In 2026, my sister received a 1099-B and Box 1e Cost or Other Basis was left empty. She worked for Walgreen...
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Hi, In 2025 Walgreens stopped distributing dividends and sold the common stocks (WAL1). In 2026, my sister received a 1099-B and Box 1e Cost or Other Basis was left empty. She worked for Walgreens 1999-2010. She did not purchase stocks, nor employee stock options. She received these stocks for merit. The problem is she cannot remember the date it was given (most likely multiple times through the years) and what price each stock was worth each time. I do not know what information to fill out on TT Home & Business for Box 1e? I would appreciate guidance on this matter. Thank you, Tulane
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a month ago
Yes, i went to forms and it does not allow me to overide schedule B line 1. I check box for QDT but it does not seem to keep it.
a month ago
So specifically, for my 2025 taxes, do I use my age in 2025 or 2026. The online calculators appear to use my age in 2026.
a month ago
Please our response to your previous post about members not transferring to 2025. Once you have corrected that issue, the allocations for both members should reflect their ownership percentages.
a month ago
Enter the first 3 characters after, not including "IDUSA". Some other users experienced errors with incorrect issue and expiry dates, so double check they are correct and not swapped as well.
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Enter the first 3 characters after, not including "IDUSA". Some other users experienced errors with incorrect issue and expiry dates, so double check they are correct and not swapped as well.
For more information, see Where do I find my document number so that I can e-file my New York return?
a month ago
This can happen when multiple 1099-DIV forms are imported, and the software only shows the payer name instead of the account number.
Open each 1099-DIV entry and select Edit to review the deta...
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This can happen when multiple 1099-DIV forms are imported, and the software only shows the payer name instead of the account number.
Open each 1099-DIV entry and select Edit to review the details and identify the correct account before deciding which one to keep or delete.
If the entries appear duplicated or unclear, you can delete them and re-enter or re-import the 1099-DIV forms to resolve the issue.
a month ago
TurboTax didn't recognise your original return as being filed. Be sure you did file the original return and that it was accepted. If the original was successfully filed: Go to the File menu Cl...
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TurboTax didn't recognise your original return as being filed. Be sure you did file the original return and that it was accepted. If the original was successfully filed: Go to the File menu Click on Electronic Filing, Check Electronic Filing Status. TurboTax can then confirm that your original return was accepted You can now try to re-file your amended return. @meyer99
a month ago
Hello, I want to make sure my employer filled my W-2 out correctly. I went through the program on TurboTax and it said I owed over $1,000 combined to both states, which feels wrong--I always get ...
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Hello, I want to make sure my employer filled my W-2 out correctly. I went through the program on TurboTax and it said I owed over $1,000 combined to both states, which feels wrong--I always get money back. I work from home with an office in Manhattan and my employer lists the locality as NYC. This year, I had no job changes. Same job throughout all of the 2025 tax year. I'm attaching some screenshots of my W2 and want to make sure it's filled out correctly
a month ago
Thank you for the 2024 diagnostic token. We have reviewed this return and found that Form 1065 was marked Final, so both Schedules K-1 were also marked "Final." This explains why you had no partners ...
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Thank you for the 2024 diagnostic token. We have reviewed this return and found that Form 1065 was marked Final, so both Schedules K-1 were also marked "Final." This explains why you had no partners when you transferred the LLC return to TurboTax Business 2025.
We recommend that you open the 2024 business return and go to Business Info. Work through the interview to the page "About Your Business" and check "No" for the first line "This Partnership is filing its final return..." This will remove the checkmark from Form 1065 as well as the K-1s. Save this return under a different name and use it to create a new 2025 business return.
a month ago
To fix this, you can request a refund for the TurboTax Home & Business software through the TurboTax website (within 60 days). See this link How do I request a refund for my TurboTax product? You ca...
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To fix this, you can request a refund for the TurboTax Home & Business software through the TurboTax website (within 60 days). See this link How do I request a refund for my TurboTax product? You can purchase the TurboTax software using this link, TurboTax Business.
You can also contact TurboTax Customer Support using this link: Turbo Tax Customer Support
Please return to Community if you have any additional information or questions and we would be happy to help.
a month ago
@drcox I was having trouble with Scenario 1 that you referenced (multiple accounts for different individuals at the same institution). In essence, it was requiring me to delete my 1099s if I wanted ...
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@drcox I was having trouble with Scenario 1 that you referenced (multiple accounts for different individuals at the same institution). In essence, it was requiring me to delete my 1099s if I wanted to import my husband's 1099s (different logins, multiple 1099s, different account #s, etc.). It was not going to allow a second, separate import session from Fidelity if it saw that one already existed. After about a month of complaints on this board, they got it fixed, at least for me, for Fidelity. My return now includes two imports from Fidelity. I did not try what you suggested in Scenario 2, unselecting some form 1099s I had already "worked on". So I don't know what would have happened, or was happening, in that scenario.