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Sunday
I took a look at the MA Instructions; "Traditional IRA Distributions are taxable for both Massachusetts and federal tax purposes if the distribution exceeds the amount of IRA contributions that were...
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I took a look at the MA Instructions; "Traditional IRA Distributions are taxable for both Massachusetts and federal tax purposes if the distribution exceeds the amount of IRA contributions that were previously subject to tax." Here's how I read it. MA has its own rules for IRA distributions differing from IRS. This means the standard trick -- "Backdoor" Roth IRA contribution -- in MA may not be tax free. If you have an empty Traditional IRA and attempt a backdoor Roth IRA contribution via conversion, it will be taxable in MA. Reason: your Traditional IRA basis (which came into existence only momentarily and vanished ) had not been previously taxed by MA. Therefore, TurboTax is doing it correctly. @riccardodalla @user17710097333 @bryonthego
Sunday
Hi, My return got rejected and I am trying to refile it. I made the correction, however, when I go to my federal review, there is still a fix that is needed regarding the 1095-A form. The fix is req...
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Hi, My return got rejected and I am trying to refile it. I made the correction, however, when I go to my federal review, there is still a fix that is needed regarding the 1095-A form. The fix is requesting I input "Recipient SSN". However, I went to my deductions under medical and selected "no" when asked "Do you need to report any 1095-A's?". I went to "Tax tools" and tried to delete the existing 1095-A form. There was no 1095-A form for me to delete so I tried to go through the federal review again and the "Needs Review" continued to pop up regarding a 1095-A. Not sure what to do at this point since I need to refile my return but I don't need this 1095-A form.
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Sunday
Exact same thing happened to me. I was ready to file, only to find that my order was set to Expert Assist, even though I never asked for, needed, or used on-demand expert help. The only option to pot...
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Exact same thing happened to me. I was ready to file, only to find that my order was set to Expert Assist, even though I never asked for, needed, or used on-demand expert help. The only option to potentially change this was to clear everything and start over. I decided if I needed to start over I may as well use a different service. I was able to upload last year's PDF into H&R Block online, re-enter my information for this year in about an hour, and get the EXACT SAME result but pay $150 to H&R Block (federal $65 plus 2 state returns each $49, minus a $13 online coupon) instead of $267 to TurboTax (federal $129 plus 2 state returns each $69).
Sunday
Hello, Thank you for the step-by-step instructions. However, the rental property asset and depreciation information always transferred from year over year, automatically by TurboTax. The only man...
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Hello, Thank you for the step-by-step instructions. However, the rental property asset and depreciation information always transferred from year over year, automatically by TurboTax. The only manual entry was if there was a new asset that needed such as renovation, etc. So, I believe the person who wrote the original post, as well as I, am really seeking for this information transfer by TurboTax, like it used to for so many years. Could you please help restore this functionality or escalate to whom might be able to? Thank you, Michael
Sunday
Hi Patricia, Thank you for your response. I confirm that I have tried clearing my return and starting over. I cleared and restarted on TurboTax AND cleared browser history and tried on multiple b...
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Hi Patricia, Thank you for your response. I confirm that I have tried clearing my return and starting over. I cleared and restarted on TurboTax AND cleared browser history and tried on multiple browsers: Google Chrome and Microsoft Edge. For many previous years, the rental property asset information simply transferred over from year over year. I have never had to manually enter rental property asset information, unless I was adding an renovation, etc. For current year, none of the previous years' rental property asset information is transferring over. I have confidence in TurboTax and trust that you or somebody on your team can fix this. Thank you, Michael
Sunday
Hello, I am a Canadian citizen, currently a non-resident and have distributions [being reinvested] within my RRSP account. The bank does not issue a slip for this distribution amount. It is simply a ...
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Hello, I am a Canadian citizen, currently a non-resident and have distributions [being reinvested] within my RRSP account. The bank does not issue a slip for this distribution amount. It is simply a statement. Please note: I do not have any employment income in Canada, hence, do I or do I not need to report the distribution amount and do I need to file taxes? If yes, in which form of Turbo Tax Canada do I report? Secondly, can I claim donations made to a registered charitable organizations in Canada and in USA? Can I claim other eligible expenses like fees paid to a professional organization? Thanks!
Sunday
Are all taxes based on the value of a property deductible on federal tax return?
Sunday
@Lemgirl58 because that executive order is "squisky". If you requested a paper check for your refund, you will receive a letter from the IRS explaining how to provide your banking information so ...
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@Lemgirl58 because that executive order is "squisky". If you requested a paper check for your refund, you will receive a letter from the IRS explaining how to provide your banking information so they can electronically send you the refund. if you ignore the letter, they will send the paper check around 4-6 weeks later. The IRS is caught between the executive order and the fact that the IRS is required to pay interest on any refund held for more than 45 days (the clock begins on tax returns the later of the date the tax return is accepted or April 15)
Sunday
1 Cheer
@zenitram2
Please note that you have no choice about how or when your capital loss carryover is used. The carryover loss must first be used to offset any gains. There are no options. You cannot de...
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@zenitram2
Please note that you have no choice about how or when your capital loss carryover is used. The carryover loss must first be used to offset any gains. There are no options. You cannot defer using the loss, or use only part of it. There is only one way to do the calculation. TurboTax does the calculation as required by the tax law.
Sunday
for pre-2019 divorces, if modified after that date, they can expressly provide for non-deductibility/non-taxability.
Sunday
Can you elaborate? Your post is not clear. Have you filed the federal return and now want to file state? Click on Add a State to let you back in to your return.
Sunday
1 Cheer
Another way to put it.....the $3,000 is the max loss you can take AFTER applying the carryover to the current gains. Didn't you want to use all the carryover up? Each year you get to first off...
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Another way to put it.....the $3,000 is the max loss you can take AFTER applying the carryover to the current gains. Didn't you want to use all the carryover up? Each year you get to first offset the carryover loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year. And you can't skip a year.
Sunday
1 Cheer
you are incorrect. if current year's net capital gains exceed the prior year's capital loss carryover, the entire carryover is applied to the current year's gains not just $3,000. $3,000 of net capit...
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you are incorrect. if current year's net capital gains exceed the prior year's capital loss carryover, the entire carryover is applied to the current year's gains not just $3,000. $3,000 of net capital losses is just the limit of what you can deduct against other income.
Sunday
This is my situation. Charges are obfuscated, all under the guise of help. And the world keeps turning
Sunday
1 Cheer
It's not a bug. You misunderstood the rules for capital loss carryover. The capital loss carryover is applied first to offset any net capital gain in the new year. If there is still unused capital lo...
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It's not a bug. You misunderstood the rules for capital loss carryover. The capital loss carryover is applied first to offset any net capital gain in the new year. If there is still unused capital loss (because the loss was more than the gains), up to $3,000 of the remaining loss is applied against ordinary income. Any remaining loss after that is carried over to the next year. If the capital loss carryover is less than the net gain in the new year, the entire loss is used to offset the gains. TurboTax is doing the calculation correctly.
The $3,000 is a limit on the amount of capital loss that can be used to offset ordinary income. It is not a limit on the amount of capital loss that can be used to offset capital gain.
Sunday
It’s not letting me and my state refund
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Sunday
I'm carrying over a large loss from previous years. It should only apply $3,000 of that loss to the capital gains I got in 2025. But instead it is applying the whole amount (over $35,000) to my large...
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I'm carrying over a large loss from previous years. It should only apply $3,000 of that loss to the capital gains I got in 2025. But instead it is applying the whole amount (over $35,000) to my large 2025 capital gains (over $90,000). I have sent a diagnostic file to TurboTax. This looks like a bug to me. Please advise. Token: [phone number removed][phone number removed]6 FPS 5.0.7 (null) Help Content 2025.0.84 (null) Interview Service 1.0.25 (null) Per California Ind Formset 2025.11844 4/5/26, 7:24 PM Per Fed Ind 1040 Formset 2025.12356 4/5/26, 7:24 PM Personal Program Help 2025.10145 4/5/26, 7:24 PM Player 18.1.2 (null) TKE Not available (null) Topics 362 (null) TPS Engine 9.4.0 4/2/26, 9:33 PM TPS Forms 2025.2413.0.0 4/2/26, 9:33 PM
Sunday
Im sorry but this does not address my problem. I am aware i can adjust the prior depreciation and i did that to fix this years return but the basic problem still remains. Turbo Tax seems to be a...
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Im sorry but this does not address my problem. I am aware i can adjust the prior depreciation and i did that to fix this years return but the basic problem still remains. Turbo Tax seems to be assuming that you have had the same amount of business use each year and is adjusting the depreciation to what that amount would total up to over the period of ownership. So no matter what i do it keeps readjusting it. What it should be doing is taking the prior depreciation and just adding the purchase price/27.5. and then reducing by the business use %. Why does it not do that?
Sunday
Error de pago Whoops! We hit a snag loading your data. Please try again. I'm not trying to pay anything, my order is for 0 dlls but the Whops!... message is always popping up when I try to file....
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Error de pago Whoops! We hit a snag loading your data. Please try again. I'm not trying to pay anything, my order is for 0 dlls but the Whops!... message is always popping up when I try to file. I've tried all the tricks, different browsers, incognito windows, changing my address, several times but nothing works.
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