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@DanaB27 Token 1341613 Turbotax is populating my Form 8606 incorrectly, I can't make it to correct mistakes. I input my Dec 31, 2025 Traditional IRA balance several times during answering Turbotax questions, but field 6 of 8606 is still empty.  Field 8 is left empty too (shall be 6912.87 - I put this info multiple times). Field 9 nothing is calculated. Field 10 is empty. Field 11 is empty. Field 13 calculation is incorrect because the above fields are empty. Field 14 basis carried forward incorrect too. Field 17 and field 18 are incorrect too. Please help me to make Turbotax populate my report correctly. I deleted info several times and redid it, its incorrect.  I made non-deductible Traditional IRA contribution of 7000 in 2024 (I have 8606 with 7000 basis for 2024). In 2025 I converted 6912.87 from Traditional IRA to Roth IRA (Traditional IRA had balance of before tax contributions and still has). In 2026 I am going to make another non-deductible Traditional IRA contribution of 7000 made for 2025 (till April 15 2026). Please help, everything else is ready but I can't file! Thank you very much  

I am having the same issue with my 2025 Federal return.  I itemized in 2024 deducted my NY State taxes that was withheld and received a NY State refund. While doing my 2025 Federal return which I am itemizing, I noticed my return is not listing the NY State refund for 2024.  On schedule 1 line 11 it lists the amount of refund I received in 2024. Is the 2024 state refund excluded?  FYI on my 2024 Federal return my 2023 state refund was listed on my return as being taxable.  Did something change?

What is FED OT PRE?   I assume that this means Federal Overtime Premium and presume that it means the 'half' portion of 'time-and-a-half' overtime compensation.   Individuals who receive Qualified Overtime Compensation may deduct the pay that exceeds their regular rate of pay (the “half” portion of “time-and-a-half” compensation) that is required by the Fair Labor Standards Act and reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.  For the Qualified Overtime Deduction:     Maximum annual deduction is $12,500 ($25,000 for joint filers). Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers). The deduction reduces federal income tax liability, it does not exempt overtime pay from Social Security and Medicare taxes.  Employees will still owe these taxes on their overtime earnings. Taxpayers filing as married filing separately are not eligible for the deduction. The deduction is available for both itemizing and non-itemizing taxpayers.

I did try deleting the forms. That didn’t help. Then I even tried starting over, but for some reason it keeps going back to the question. The K1 does have multiple income boxes checked in and last year I remember I had to enter each income stream separately. But this seems to be a software issue - instead of saving the first stream and adding the next, it is looping into the same question. The previous info is not saved. Any ideas on how to bypass or fix?

I am glad that your issue was resolved. If there is still an issue with TurboTax that needs to be addressed, please let us know the steps you took that led to the screen that you found has incorrect information; if possible, posting a screenshot would be helpful.   @Ken14

@ Drisk59 wrote: Same problem here!   You came to the right thread.  Yes, this is a Mac issue.  There are several solutions posted many times in this thread, which has over 200 postings.  So hopefully, one will work for you.   If you're lucky, the simplest attempt would be to close TurboTax, restart your computer, and then reopen TurboTax.  That has worked for several.   Others had to use different approaches.   You'll see other suggestions in this thread.    I would read it in reverse order.   The earliest postings were made prior to the suggested approaches as the issue was developing, while the latest postings have anecdotes of what has succeeded for those users.

 Within 45 days of selling the original property, investors must identify potential replacement properties in writing, known as the 45-Day Identification Period. Additionally, the entire exchange must be completed within 180 days of the sale, referred to as the 180-Day Exchange Period.   The identification is a written (signed and dated by the taxpayer), unambiguous description of the property, and does not require that such properties be under contract or in escrow to qualify. Exchangers acquiring an undivided percentage interest (“fractional interest”) in a property should identify the specific percentage that will be acquired. The Exchanger may change the properties identified as often as they want during the 45-day identification period by revoking the previously written identification and then identifying new potential replacement properties. It is essential that the identification is delivered by midnight of the 45th day, or postmarked by the 45th day, to the Exchanger’s Qualified Intermediary or to a party related to the exchange who is not a disqualified person. Typically, delivering the identification to the Qualified Intermediary is the safest course of action to prevent disqualification of the transaction for an invalid and/or untimely identification. If the Exchanger fails to deliver the identification on a timely basis or does not comply with one of the three identification options, the exchange will be disallowed.   so the identification date is the postmarked date on the written declaration.       cash has nothing to do with identification. It's part of the boot, making part of the exchange taxable.   

Hi, I just noticed that i have an underpayment penalty for my Federal tax as well but Turbo tax did not point that out or ask me to report quarterly income. What can i do to remove that penalty from Federal tax? where can i see the calculation? Reporting quarterly income for state would also impact Federal penalty? thanks

No, you should enter the date you stopped using the vehicle for business in the vehicle section rather than simply deleting it. If the vehicle was depreciated, TurboTax may need additional information to correctly calculate any gain or depreciation recapture when it was sold.

1)  That can only be corrected by amending.  Using an incorrect Basis is NOT a Method of Accounting that qualifies for Form 3115, so amending is the only way to correct that.   2) While I am not certain, I suspect that depreciating a non-existent asset (the duplicate) is most likely a Method of Accounting, so Form 3115 can be used. 

Maybe your 2024 file is corrupted, if you saved it to a cloud-type environment.  Look in Documents > TurboTax for a back-up copy (with a tilde sign)  Or, if you have TurboTax 2024 on your computer, open it and re-save your tax file to your desktop.  Then point to this file during transfer to 2025.   @user17736013781 

You can contact TurboTax Customer Support using this link: Turbo Tax Customer Support, to inquire about your e-file status (the number of e-files you have left). Unfortunately, we can not see that information here in the TurboTax Community.   Try entering a zero for your spouse's AGI. This may allow you to successfully e-file.   You can also try deleting the number and reentering it to clear the data field if entering zero does not work.    If you entered the amount correctly and you continue to get a reject, you won't be able to e-file.  You will have to mail your tax return. I have included instructions below.   It is possible that there is some kind of data mismatch at the IRS. It's not something we can see here.   You could try calling the IRS  to inquire about it.  IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday. Make sure to have a copy of your tax return available.   If you have to file by mail: How do I file my return by mail?   Please return to Community if you have any additional information or questions and we would be happy to help.

The software is applying the correct limit.  The limit for both of you is $8,550.  The maximum a married couple can contribute is $8,550, even if one of you had a family plan and the other had a self-plan. See IRS rules for married people here: Publication 969.   To avoid a the 6% excise tax penalty you should contact the HSA provider to withdraw the excess $4,300 (and earnings) before the tax filing deadline.