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To fix a missed Required Minimum Distribution (RMD), take the missed RMD as soon as possible and file Form 5329 requesting a waiver of the penalty. The 25% penalty may be reduced to 10% if corrected timely and is often waived when properly addressed.   For more information, see  Publication 590-B (2025), Distributions from Individual Retirement Arrangements (IRAs)  

It depends. Form 8995 should have the name and social security number (SSN) of the business owner on Schedule C, or if Schedule E then either spouse may be used if the joint owner is selected. It's not a concern for your tax return or the IRS.   I realize your entered Form 8225, and assumed you meant Form 8995. Please add any additional question is you need further assistance.

To switch from TurboTax Desktop to TurboTax Online, follow these steps: 1. Open TurboTax Desktop and complete your current return. 2. Export your tax data file from TurboTax Desktop. Make sure the file has a ".tax[year]" extension (e.g., .tax2024). 3. In TurboTax Online on your computer (not mobile), select Tax Tools from the left menu, then choose Tools. 4. Select the option to Transfer last year's TurboTax return from your computer. 5. Follow the prompts to upload your desktop tax data file to TurboTax Online. This transfers your data so you can work on your return online directly.

If you received dependent care benefits of $5,000 listed in box 10 of your W-2 but have no dependent care expenses, these benefits generally must be reported as taxable income. If you have no qualifying expenses to offset the benefits, you can't claim the Child and Dependent Care Credit. You should report the full amount of dependent care benefits from your W-2 as income. Deleting Form 2441 alone in TurboTax won't remove the income reporting because Form 2441 is used to claim the credit and report related expenses. To remove the credit from TurboTax, go to the Deductions & Credits section and answer No when asked about claiming dependent care expenses. Then, delete Form 2441 from the Tax Tools menu. This process ensures no credit is claimed and that dependent care benefits are properly reported as income on your tax return.

Since the IRS and most state agencies primarily use your Federal Employer Identification Number (EIN) to verify withholding, you can use these standard steps to move forward:  Box 15 - Select your state from the dropdown. For the State ID number, use your employer's Federal EIN (found in Box b of your W-2). Box 16 - Use the amount from Box 1 (Federal Wages) or Box 5 (Medicare Wages). This is typically the income that was subject to the state tax withheld in Box 17. Box 17 - Enter the amount exactly as it appears on your W-2. 

I will never use Turbo Tax again. My refund was deposited into a account that doesn't belong to me. I contacted the IRS and she gave me a  different routing and account number. It belong to Green Dot Bank. Customer service from that bank pretended it didn't exist and disconnected the call. Never again!!

My husband and I received lump sum payments for the first time this year.  His is for 2024 and "Other Years" . Mine is for 2024, 2023, 2022, and "other Years.  I've managed the sums for the Years identified but have no clue as to how to manage "other Years" since I can't leave the year field blank and putting alpha characters in is not allowed.  Some guidance would be greatly appreciated! 

TurboTax may not allow you to select a specific state for a major purchase (like a car or boat) if it is not your state of residence, or if you are in the wrong deduction section. Major purchases are reported in the Federal Section of TurboTax under Federal Taxes > Deductions & Credits > Estimates and Other Taxes Paid > Sales Tax.    You must enter sales tax for large purchases in the Federal section, not the state section. If you live in a state without income tax, TurboTax may limit which other state taxes can be included. You can deduct state/local sales tax or income tax, but not both. If you are not itemizing deductions, you cannot claim the purchase, and it might not offer the option. If using the Desktop version, check for updates. If you are using TurboTax Desktop, you can manually check for updates for  your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates." Try logging out and clearing your cache/cookies if using TurbTax Online. ‌Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cookies Go to the "Enter Major Purchases" screen, fill in the item type and tax, then make sure you answer "yes" to having made the purchase when prompted.  If you still cannot select the state, check for any missed questions regarding your purchase details.  To get to your screens in TurboTax to review your sales tax entries you can: Click on Search at the top right of your TurboTax screen Type sales tax in the search box Click on the link that says Jump to sales tax Continue through your TurboiTax screens to review/edit your rentries    If you have additional information or questions regarding this, please return to Community and we would be glad to help.