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Contributions you make to a Solo 401(k) can be deducted from your self-employment income.  Here’s how to enter your Solo 401(k) contributions in TurboTax:   Navigate to the self-employed retirement plans section: TurboTax Online/Mobile: Go to self-employed retirement plans, under Wages & Income, choose Other Business Situations, then select Start next to Self-Employment Retirement Plans.     On the Self employed retirement plans screen, answer Yes to the question, Did you make a 2025 self-employed retirement plan contribution? Answer Yes to Did you contribute to an Individual or Roth 401(k) plan? On the next screen, Individual and Roth 401(k) plans, enter your Elective Deferrals and any Catch-Up Contributions you made in 2025. Enter your Employer Matching (Profit Sharing) Contributions for 2025. Note: There's no Employer Matching box for Roth 401(k)s because any matching employee contributions are pretax. If you haven’t made all your contributions for the tax year and would like TurboTax to calculate your maximum contributions for the year, select Yes next to Maximize Contribution to Individual 401(k) and Continue. On the Adjusting Self-Employment Income screen, enter any changes you'd like to make to your self-employment income as it’s been calculated by TurboTax (this is rare). Enter a positive number if you’re adding an amount, and a negative number if you’re subtracting. Select Continue. If you checked the box next to Maximize Contribution to Individual 401(k), you’ll see Your Self-Employed Retirement Deduction. This screen shows the maximum amount you can contribute to your Solo 401(k) for the tax year. Answer the questions on the following screens, until you reach Your Retirement Contributions. This is a summary of the contributions you’ve made to your Solo 401(k) during the tax year. If this page shows an excess contribution, you must withdraw the amount listed by the plan due date or face a tax penalty from the IRS. If this page shows an amount to contribute by plan due date, you can still contribute the amount listed to your retirement plan before you max out your contributions, provided the due date hasn't already passed. These instructions can be found in this help article.  

To generate IRS form 5329 to report an exception to the 10% penalty for early distribution, follow these steps:   After entering the IRS form 1099-R, you should see the screen Let's see if we can lower your tax bill. At the screen Identify the plan, tell the software what kind of plan the distribution was from.  Click Continue. At the screen These situations may lower your tax bill, enter the dollar amount next to the appropriate exception.  Click Continue. At the screen Good news:  your tax bill just got lower, the IRS form 5329 has been generated See also this TurboTax Help.

If you filed jointly last year, the IRS considers you as a single taxable entity, and you have the same AGI. Which would be Box 11 of your Form 1040, as you stated above.  You can try deleting and re-entering the amount. A rejected return can count toward the 5 e-files for TurboTax Desktop.    Some things to check:  If you filed late last year (after mid-November) or your return was processed after that time—try entering a  0 for your spouses AGI. If you amended your tax return last year, make sure you’re using the AGI from your original return, not the amended one.  If you rounded to the nearest dollar amount, make  sure to round up when it’s 50 cents or more and down when it’s 49 cents or less. If you filed jointly, both you and your spouse have the same AGI. Don't enter 0 for one of you.  If you entered the amount correctly and you continue to get a reject, you won't be able to e-file. There may be a data mismatch at the IRS.   If you have to file by mail: How do I file my return by mail?   You can contact TurboTax Customer Support using this link: Turbo Tax Customer Support, to inquire about your e-file status.   Please return to Community if you have any additional information or questions and we would be happy to help.

Yes, the software is reporting your land as a depreciable asset - section 1250. Since the section 1250 flows through the 4797 part III to sch D, we need to get the land moved. Land is sec1231 and needs to be on 4797 part I. You want the more favorable tax rate. Since you broke out the land in the house sale and the program missed it, you need to break up your asset into 2 entries. Edit your asset and take out the land value, sale, all things related to the land. This leaves the house, depreciation, and sale. Add a new asset - land, select land, non-depreciable, enter your original cost. Sell the land.

Please use the link below to begin your entry of the 1099-R form you received. It will be the first box titled 'Financial institution or other provider (1099-R)'. Continue to follow the screen prompts. Where do I enter Form 1099-R? If you do not have a Form CSA-1099-R or a CSF-1099-R, then there is no other selection in your situation.   @paul-b-kopacz  [Edited: 03/16/2026 | 3:12 PM PST]

To clarify, regarding the cost basis going forward for the now taxable asset after it was distributed from the Roth account: As stated in answer, when the asset in the Roth account is distributed, the cost basis is what was paid, and no tax is incurred at time of distribution. However, going forward, once the asset has been distributed from the Roth and is now a taxable asset, if sold in future at a gain what will the cost basis be? Will the cost basis be the value when the distribution was taken, or the original cost basis when first purchased in the Roth? Example: Purchased with Roth money (after tax dollars) for $1, then a year later distribution is taken while market value is $2. No tax incurred. Then a year later the asset is sold for $3. Is there a $1 capital gain? Or $2 capital gain?

If you purchased desktop software at Sam's, why are you using online instead?   Did you purchase the desktop software and then realize your computer did not meet the system requirements to use the desktop software?   What made you switch to online?   Switching to online will be more expensive if you have multiple returns to prepare for other family members.

Fidelity says that it is an "after tax balance that was growing tax deferred.  In this case, it would be directed to a traditional IRA".   Does this make sense?  This certainly was associated with the 401K to Traditional IRA rollover.  I notice that if I "fool" Turbotax by putting $1 in box 1 (instead of zero), and leaving zero in box 2a, then no error is reported.

If it is a simple entry you can try deleting it and re-entering the Form 1099-B as follows:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the Delete a form option under Other Helpful links  4. Find the form 1099-B in the list and delete it  

When using the TurboTax online editions you can only complete and file one tax return per account and User ID.  For another tax return you would need to create a new account with a new User ID and a new email address. Go to this website and click on Sign up to create a new account - https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/   The TurboTax desktop editions where you install the software on your personal computer, Window or Mac, you get 5 free federal e-files included with the software.  After the 5 are used, you can create, print and mail as many other tax returns as needed.

Thank you for clearing this up for me.  I have posted the question again with more details and I think it confused me more. But your answer tells me that I can't put the child on both returns which narrows down my options.  I appreciate you taking the time to answer my question.  Have a great day!

You do not get five e-files with online TurboTax.   You only get five e-files with desktop download software.   When you use online TurboTax software you get one return per fee.   Each return needs its own email, account and user ID.   If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.     https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596 https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/