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rajputj

dmoore8

I remember having to calculate past years contributions vs. distributions and inputting the difference into TurboTax Desktop version. I do not see anywhere in the State return section where to input c...

I remember having to calculate past years contributions vs. distributions and inputting the difference into TurboTax Desktop version. I do not see anywhere in the State return section where to input contributions nor distributions (granted this was entered for Federal return section).

Susannamac

Will there even be a resolution? It is now mid-March.

viv888

Will this be fixed by end of this week?

linds6560880

How do I have the 1098 T form flow to cover the tax owed for the distribution?

hswallowtail

But that doesn't actually remove the expert assist. Only downgrades to Basic with Expert Assist.

prettyspring

I have 2 questions: My 2025 1099-B, section UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS has 3 entries: 1) Stock: ADT BLDG AM OP 23-1 FECA / CUSIP: 00781Y167...

I have 2 questions: My 2025 1099-B, section UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS has 3 entries: 1) Stock: ADT BLDG AM OP 23-1 FECA / CUSIP: 00781Y167 Date Sold: 2/11/25 Quantity: 0 1d-Proceeds: $338.43 Date Acquired: N/A Cost or Other Basis: $0 2) Stock: ADT BLDG AM OP 25-1 RE / CUSIP: 00783G156 Date Sold: 8/4/25 Quantity: 0 1d-Proceeds: $131.40 Date Acquired: N/A Cost or Other Basis: $0 3) Stock: FT CONT LDR OP 30 FECA / CUSIP: 30339J461 Date Sold: 1/7/26 Quantity: 804 1d-Proceeds: $9.65 Date Acquired: N/A Cost or Other Basis: $0 My Form 8949, section Undetermined Undetermined B or E (basis not reported to the IRS) Proceeds: $479 Cost basis: $0 Question #1: Turbo Tax gave me 3 errors, requesting that I must provide Date Acquired for all 3 items. I requested the Acquired Date from my broker and they replied: “These are principal payments from UIT allocation events. These are payments made to the account that are 1099-B reportable but are not directly tied to the cost basis to the position. They are paid out based off the quantity held for the position at the time of payment and we do not supply either and open date or a cost basis allocation on these payments.” What is your advice? How do I report these? Question #2: Turbo Tax gave me error: The Date Sold of item 3) is 1/7/26 which falls out of tax year 2026. My broker’s answer: “the 01/07/2026 payment date is the day the fund paid out the principal allocation, but they indicated it is tax reportable for Tax Year 2025.” Please advise how to report this. Thank you so much!

hamfam

It turns out that after I e-filed, I moved the returns into new folders so they would each have a folder with all of the supporting documents. Once I moved the turbo tax return files out of those fo...

It turns out that after I e-filed, I moved the returns into new folders so they would each have a folder with all of the supporting documents. Once I moved the turbo tax return files out of those folders, I imagine the program could locate them and they appeared when I opened Turbo Tax, all three returns were there! The solution is to specify the location of the file when asked if you want to save it.

DoninGA

@GeorgeDiaz You have to be accessing the 2025 tax return and access one of the sections of the program, such as Wages & Income, Deductions & Credits, etc for the links on the left side of the screen ...

@GeorgeDiaz You have to be accessing the 2025 tax return and access one of the sections of the program, such as Wages & Income, Deductions & Credits, etc for the links on the left side of the screen to be available.

kacielkoenig

hasanleeks98

PatriciaV

With regard to the Schedule K-1 reporting on Form 1041, you may need to make additional entries and/or adjustments to the trust for these items. Box 13 Code V Section 743(b) adjustments retain ...

With regard to the Schedule K-1 reporting on Form 1041, you may need to make additional entries and/or adjustments to the trust for these items. Box 13 Code V Section 743(b) adjustments retain the character of the income or expense from the partnership. In other words, you will need to manually enter this amount on Form 1041 according to the source of the adjustment. For example, if the partnership reports a section 743(b) adjustment to depreciation for property used in its trade or business, report the adjustment on the federal K-1 Worksheet Line 7(a) Rental Real Estate Depreciation. Use the plus symbol to the left of the yellow box to open a table where you can enter each K-1 separately and calculate a sum for the line. Be sure to check the box to generate an activity statement. Box 20 Code N Business Interest Expense (BIE) is reported on Schedule K-1 for information only and was already included as a deduction on another line of Schedule K-1. This information is necessary if the partner's losses are limited under section 704(d) (deductions in excess of basis). The other factor you need to address are the distributions reported on Line 19(A) on two K-1's. It's possible the distributions were in excess of basis, which may be creating the error you see on Form 105. Also, you have Second Tier Distribution Allocations on the Beneficiary's Smart Worksheet (Schedule K-1). First and Second Tier allocations are equal to the distribution amounts. If you remove the second tier allocation amount, the error is resolved. Basically, you're either retaining the incoming distributions in the trust or you have made other adjustments to the Beneficiary's basis to account for the excess distributions. If this becomes too complicated, you may need to use the Business Assist for specific assistance. Ask for escalation if the agent you connect with is unable to help.

fochtfam5-comcas

I also did not receive a separate W-2 form for the amount. So I don't know if I claim it all or just a portion.

anonymouse1

Thanks, I couldn't get the worksheets to work. I put in what we've had withheld to date, our itemized deductions to date, but it wouldn't let me put in the expected AGI so we could calculate the est...

Thanks, I couldn't get the worksheets to work. I put in what we've had withheld to date, our itemized deductions to date, but it wouldn't let me put in the expected AGI so we could calculate the estimated taxes and/or adjust our withholding. So I'll go back to pen and paper, and just go by one of the safe harbor limits even though we don't know exactly how much or when we're going to do Roth conversion(s) this year. So you think it's safe to say that if we receive half of our expected income (including Roth conversions) in the first quarter, we can avoid interest and penalities by paying half the tax (calculated according to the published tax brackets, and assuming in our case we're going to max out the SALT deduction again) in the first quarter? So make our first estimated payment that half of the tax bill minus what was withheld?

user17737740755

Turbotax says I have an excess Roth IRA contribution, but it is not taking into account my pre-tax contributions to my Simple IRA. My W2 shows Code S and an amount in Box 12. My understanding is that...

Turbotax says I have an excess Roth IRA contribution, but it is not taking into account my pre-tax contributions to my Simple IRA. My W2 shows Code S and an amount in Box 12. My understanding is that the Roth limit is based on the gross earned income not the net after Simple contributions. Is this correct? If so, how do I get TurboTax to include the pre-tax Simple IRA contributions in the maximum allowable Roth IRA contribution calculation?

akosz

So, I figured it out. I had uploaded a 1099-INT pdf file to TurboTax. The document was read and all the information displayed was correct. However, the interest amount shown was never actually added ...

So, I figured it out. I had uploaded a 1099-INT pdf file to TurboTax. The document was read and all the information displayed was correct. However, the interest amount shown was never actually added to my interest income or total income. I even followed through and finished my Federal return to the end once to view the PDF and sure enough, the amount wasn't carried through to there either. So I went back to the interest income screen and uploaded the document again. I then clicked on the amount, deleted it, manually typed in the correct amount, and clicked to save it. This time it stuck, and was added to my income.

DianeW777

It has been confirmed the underpayment calculation will be updated Thursday night. Please update your software Friday morning and then review. @Taxguy100 @user17737002368

int32tx

I don't know how to answer a TurboTax question about past years for an annuity. It is asking if the "total amount shown in the form" is the amount I paid taxes on. I don't know which "total" on the ...

I don't know how to answer a TurboTax question about past years for an annuity. It is asking if the "total amount shown in the form" is the amount I paid taxes on. I don't know which "total" on the 1099-R the TurboTax question is asking about - the gross distribution or the taxable amount.

MarilynG1

To add a credit card to your Intuit account: Go to the Intuit Account portal and Sign In Select Manage your Intuit Account. Select Payment Methods. Choose Add Payment Method to ente...

To add a credit card to your Intuit account: Go to the Intuit Account portal and Sign In Select Manage your Intuit Account. Select Payment Methods. Choose Add Payment Method to enter card details. You should be able to pay with any valid credit card, even it is not set up in your Intuit account. When you enter payment details in the FILE section, you're routed to a Billing server. You could try disabling your anti-virus programs for a better connection, or if you're using TurboTax Online, try closing the program, clear your Cache and Cookies, and retry your payment. If this doesn't resolve the problem, Contact TurboTax Support and use 'Billing' as your issue, and advise them you have a 'block payment' error. @Irbymoore

corinneL

We are within the 45 day notice period. On form 8824, line 5, TT wants the date when the like kind property received was identified. The property closed on 11/21/2025. The identification by the Ex...

We are within the 45 day notice period. On form 8824, line 5, TT wants the date when the like kind property received was identified. The property closed on 11/21/2025. The identification by the Exchanger was on 12/1/2025. The exchanger used the identified date as 12/1/25 as not all the funds received were used in the purchase of the replacement property. A second property was not acquired for the balance of the funds so the Identification date was 12/1/25. When I enter the following in TT: Line 5 (date like kind property received was identified): 12/1/25 Line 6 (date line kind property received): 11/21/2025 TT flags line 5 as bad date. How do I get around that?

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Our program has not updated to support QTP to Roth Transfer

Where to input Virginia 529 information for VA return? I do not see it in TurboTax Online. I specifically remember imputing this info for 2024 returns

Re: Vanguard Info for Tax Return

Re: When will update be available to allow the QTP to Roth IRA transfer?

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How to report Undetermined Term Transactions from 1099-B & Form 8949

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Re: How do I prepare Form W-4?

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I filed on mar1st and paid to get it 5days early what date do I look out for it

Re: 754 Election Depreciation for just one partner

How do I account for WA PMFL income for personal medical leave? I did not receive a 1099 G form from the state.

Re: Is there a way to get Turbotax 2025 to calculate 2026 estimated tax payments other than the a...

Roth IRA Contribution Limit

Re: I entered my interest income but it was not added to my total income

Re: TurboTax Online - Virginia Individual Return with PTET Credit not available for E-File

For an annuity, for the question for past years about whether the total shown on the form is the amount I paid taxes on mean the "gross distribution" or "taxable amount"?

Re: We are sorry, we are having trouble authorizing your credit card. Please verify your billing ...

What date to use on from 8824, line 5?

Do you have a TurboTax Online account?

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