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If you don't have the same screens as described here, contact us again. You should have four boxes after you select [Type it Myself] The most common selection is the top-right Financial institution or other provider. [Continue] Complete posting of the 1099-R from here.

Since you are unable to obtain a return of excess contribution from either the 403(b) or the 401(k) (because the funds are no longer there), the excess $6,500 elective deferral for 2025 is simply taxable on your 2025 tax return.  There is nothing else to do.  Despite the $6,500 being taxable, it did not become after-tax basis in either employer plan, so no after-tax basis got rolled over to the IRA.  There is nothing to report on Form 8606 regarding this.   The "penalty" for making an uncorrected excess deferral is double taxation.  This $6,500 will be taxed a second time when distributed as an ordinary distribution from the IRA.

If the delete option is not available, it may be because the form is required based on your entries or linked to other forms. Review your entered data to ensure no required information is forcing the form to stay. Adjust or remove related data if possible, then try again.   In TurboTax, to delete the PIT-DWK form for your New Mexico non-resident return, try these steps: 1. Open your return and go to the Forms Mode by selecting the Forms icon. 2. From the forms list or menu, locate the PIT-DWK form. 3. Select the Delete Form button or option for PIT-DWK. 4. Follow any on-screen instructions to complete the deletion.

There are many reasons your refund may be lower, and just because it was different than 2024 doesn't mean either year is incorrect.  As @xmasbaby0  mentions, a great place to start is the comparison.   What to compare first: Withholding vs. tax: Your total federal withholding may have dropped or your total tax increased. Check 1040 line 25 (withholding) vs. line 24 (total tax). Credits: Child Tax Credit, education credits, Premium Tax Credit, EV/home energy credits, if any credits reduced or where only in 2024, that would cause the difference. Deductions: A decrease in state and local tax, mortgage interest, charity, etc. can reduce deductions. Income items: 1099-INT/DIV, capital gains, RSUs, RMDs, unemployment, side-gig/rental, if there was an increase, this would increase tax and can phase out credits. Withholding changes: New jobs, bonuses, or W-4 updates often reduce withholding.

  To @docgarner Thanks! Very nice! (and I didn't know "stockhistory() was a function... definitely will be using this going forward!)   If anyone wants to copy/paste this into their own spreadsheet... Asset Acquisition date Cost/share at Acq GPIE date GPIE Amount Price on GPIE date Shares sold GPIE Cost basis GLD 8/27/2005 311.4 9/10/2025 0.72 =STOCKHISTORY(A2,D2,D2,0,0,1) =E2/F2 =G2*C2 In etrade, I found the GPIE date and GPIE amount at the end of my 1099-B. The result of "GPIE Cost Basis" and the "Acquisition date"  could be put back into TT to calculate the gain/loss on the transaction.  Thanks again to @docgarner for spelling it out.

We cannot see your screen, your return or your account.  Have you entered ALL of your 2025 information?  All your income, etc.?  All deductions and credits?   There are a lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc.  You may have lost Earned Income Credit or the Child Tax Credit— did a child turn 17?  If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC) Did you have any “side gigs” like rideshare driving or delivery driving—-with no tax withheld?   Are you 65 or older ?  If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.   And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-go-compared-last-year/L97JmhUbi_US_en_US?uid=ld9ijm41   Print out 2024  and 2025  and compare them side by side to see what is different.    https://turbotax.intuit.com/tax-tips/tax-payments/video-why-would-i-owe-federal-taxes/L3VXudPiN

Been filing taxes with turbo tax for years.  Found more bugs than ever this year (2025).  Biggest bug was we couldn't fill in quarterly taxes paid.  It just would not allow us to enter.  We got around it by identifying them as prior year taxes.  It worked but not the way the program was suppose to work.  Very disappointing in Turbo tax this year.  

This question is related but is a little different.  I legally closed my business in the first 3 months of 2025 but did not make any income.  Can I claim those three months of expenses (self-employed insurance, legal costs)?  Thanks.

The IRS does not require that you report the 1099-Q in your tax return, if the entire distribution was used for qualified expenses.  You only need to report it if some of the distribution was not qualified, and then be taxed on some or all of the earnings. They expect you to keep your own records of what was paid with the 529 distribution.   "Beneficiaries are not required to report distributions on their tax return as long as the distributions are used for qualified education expenses."   If that applies, you can delete the 1099-Q from your return and forego any issues with TurboTax.   Here's more detailed info on Form 1099-Q.

Connecticut offers a one-time, lifetime home sale gain exclusion for seniors aged 65 or older. To report this exclusion in TurboTax for your CT state return: 1. Navigate to the State section and select Connecticut (CT). 2. Go to the Income section and locate where the capital gain from your home sale is reported. 3. Look for the CT Senior Home Sale Exclusion or similar adjustment option. 4. Enter the amount of gain you want to exclude under this program to reduce the taxable gain. If TurboTax CT form still shows gain after the $500K federal exemption, you must manually enter the Connecticut senior exclusion amount to adjust the gain further. This adjustment will reduce your Connecticut taxable income specifically for this senior exclusion. Ensure both you and your spouse’s ages qualify and it is only a one-time exclusion per taxpayer.

Yes, it does. This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.    Note, this deduction has income limitations.  It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).   This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.   You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.