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Product: TurboTax Premier - Desktop Version: 025.000.0279   Form 5329 Part IX shows an "Undistributed RMD" of $1.00. The distribution amount is $xx944.40 from the 1099-R. The Form 5329 shows an... See more...
Product: TurboTax Premier - Desktop Version: 025.000.0279   Form 5329 Part IX shows an "Undistributed RMD" of $1.00. The distribution amount is $xx944.40 from the 1099-R. The Form 5329 shows and RMD amount $xx945.00. Appears to be a rounding error somewhere. If I change the Wage and Income section to show $xx945 for the 1099-R the problem goes away
Every year this stumps me!  Entering it is easy, it's the "gross income sourced at beneficiary level" section that gives me pause.  I have a few post bookmarked that refresh my memory and I figure it... See more...
Every year this stumps me!  Entering it is easy, it's the "gross income sourced at beneficiary level" section that gives me pause.  I have a few post bookmarked that refresh my memory and I figure it out.  This year my K-1 has a few additional boxes so I just want to make sure I'm entering it correctly.   The K-1 is a Trust form 1041   2a ordinary div $11,976 2b qualified div $10,159   12 Alternative Min Tax Adjustment Code A & J both $1646   14 Code A tax exempt interest $7822       Code B foreign taxes $407       Code I* STMT = section 199A reit div $67       So for gross income sourced at beneficiary level I add 2a ordinary div, 14a tax exempt interest, and 14i reit div for a total of $19,865? gross income sourced at beneficiary level Foreign Source $5350 gross income sourced at beneficiary level US source is the difference at $14515?   Next screen I select Passive Next screen "deductions allocated and apportioned at beneficiary level".  I have the following on my K-1, do I list those on this screen?   State Income Taxes $1,333 Fiduciary Fees $4,179 Atty, Acct, and Return Preparer Fees $350 Total Deductions $5,862 Rest of the screens blank exempt for 199A reit div question?
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days o... See more...
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?
Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by fo... See more...
Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES)
You wanted to know "how the amount of itemized deductions used in the "Deduction Allowed" line was derived." It uses the current year amounts with adjustments for the upcoming year's tax limits.... See more...
You wanted to know "how the amount of itemized deductions used in the "Deduction Allowed" line was derived." It uses the current year amounts with adjustments for the upcoming year's tax limits. The deductions are listed on your 1040 Tax return on lines 11-24.  All of the itemized deductions as listed on line 12e of your return are shown on     Schedule A.        
This problem still occurs in TurboTax for Business 2025!!!! Why hasn't this been fixed yet????
The IRS uses your prior year AGI to combat fraud. Make sure you take into account the information below.   You can find your 2024 Adjusted Gross Income (AGI) by: Looking at line 11 on page 1... See more...
The IRS uses your prior year AGI to combat fraud. Make sure you take into account the information below.   You can find your 2024 Adjusted Gross Income (AGI) by: Looking at line 11 on page 1 of your 2024 Form 1040 Requesting a transcript of your 2024 tax return from the IRS. You can request your transcript online at the following link: Get Transcript Please click on this TurboTax article for more information.    Check these items as well to ensure you have the correct number.  If you:  Filed late last year after mid-November or your return was processed after that time—try entering 0. Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A). Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less. Filed with your spouse last year—you and your spouse have the same 2024 AGI. (Don’t split the AGI amount or enter  0  for one of you).   Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return.    This article will give you instruction on how to print and mail your return. 
I have been flipping back and forth and strangely when I force TurboTax to itemize, at first the numbers (deduction and taxable income) change. But when I review the entire refund the numbers revert ... See more...
I have been flipping back and forth and strangely when I force TurboTax to itemize, at first the numbers (deduction and taxable income) change. But when I review the entire refund the numbers revert to standard and taxable income changes back.  If my federal tax due is the same in both scenarios should I assume that I should just stick to standard? Or could it be a glitch in the software? 
Well neither thing worked. Nothing I have dine works.
A recent TurboTax update has resolved this issue, please make sure you have the latest updates.     Updates in TurboTax Online are automatic.      If you are using TurboTax Desktop, please fo... See more...
A recent TurboTax update has resolved this issue, please make sure you have the latest updates.     Updates in TurboTax Online are automatic.      If you are using TurboTax Desktop, please follow these steps:  Log-in to TurboTax Desktop  Select Online from the top left bar menu Choose Check for Updates Choose Ok @user17717286405 
Yes I did that and it is still a status of return received. It has not moved since I filed.
A recent TurboTax update has resolved this issue, please make sure you have the latest updates.     Updates in TurboTax Online are automatic.      If you are using TurboTax Desktop, please fo... See more...
A recent TurboTax update has resolved this issue, please make sure you have the latest updates.     Updates in TurboTax Online are automatic.      If you are using TurboTax Desktop, please follow these steps:  Log-in to TurboTax Desktop  Select Online from the top left bar menu Choose Check for Updates Choose Ok   @MarkRu 
Looking to make an additional IRA contribution for 2025 to help lower our taxes.  When entering an amount on the Total 2025 traditional IRA contributions field, my taxes go down.  When I add same amo... See more...
Looking to make an additional IRA contribution for 2025 to help lower our taxes.  When entering an amount on the Total 2025 traditional IRA contributions field, my taxes go down.  When I add same amount in the Amount of these regular contributions for 2025 you contributed between January 1, 2026 and April 15, 2026 filed, my taxes go back to what they were.  Seems to be offsetting it for some reason.  Any ideas or suggestions?    I would think that if our income was over the MAGI threshold, it wouldn't deduct on either field.   Thanks
A recent TurboTax update has resolved this issue, please make sure you have the latest updates.     Updates in TurboTax Online are automatic.      If you are using TurboTax Desktop, please fo... See more...
A recent TurboTax update has resolved this issue, please make sure you have the latest updates.     Updates in TurboTax Online are automatic.      If you are using TurboTax Desktop, please follow these steps:  Log-in to TurboTax Desktop  Select Online from the top left bar menu Choose Check for Updates Choose Ok @georgeschober 
I found a listing of New York State Income Tax Forms, but the specific form you mentioned was not on that list.  Is that form stating the amount of the New York State Inflation Refund that you receiv... See more...
I found a listing of New York State Income Tax Forms, but the specific form you mentioned was not on that list.  Is that form stating the amount of the New York State Inflation Refund that you received?  Do you know if you got a New York State Inflation Refund in 2024 and how much it was?  If you can find that information and include any important details from the form you received from New York State in your reply, we can help guide you on how to enter it on your tax return.  You can try obtaining the 1099-G (or 1099-MISC) from New York State Department of Taxation - you will need information from your 2024 IT-201 tax return from New York State in order to obtain the form on this website.
After your enter your Form 1099-R, you will come to a screen that says These situations may lower your tax bill, you need to check the last option Other to have your penalty removed.
Do I need to enter the product key in again if sharing the same Turbo tax to do 2 separate filings?
I am using the browser version and it is not fixed as of Monday, 3/16/2026 at 10:30am PDT.  I even followed the suggestion by mdnielsen to delete the offending 1099-R and re-enter it but that did not... See more...
I am using the browser version and it is not fixed as of Monday, 3/16/2026 at 10:30am PDT.  I even followed the suggestion by mdnielsen to delete the offending 1099-R and re-enter it but that did not work.  From my research on the issue using Google/Gemini, the user should see a value (that matches box 1 of 1099-R) in line 4a on your 1040 for a Roth IRA to Roth IRA conversion when it gets fixed.  I hope that helps.