All Posts

Schedule K-1 (Form 1041) Box 14 Code ZZ reports additional information that may or may not be used on your tax return. In most cases, the taxpayer needs to decide how to use this information.    In the case of US Treasury Bond Interest, this income is taxable on your federal return (as it appears in Box 2a) but may not be taxable on your state return. If that is true for your state, you can back out the amount shown in Box 14 Code ZZ when working through the state interview in TurboTax.

Most refunds are sent within 21 days if you filed electronically, and 4–6 weeks if you filed by paper. This assumes that there's no delay and nothing is holding your refund.  Even though the IRS has already sent the funds, the bank may take up to 5-business days to process and deposit into your account.   Please read this article to see more information: What if my IRS refund is taking longer than 21 days?   You can also keep monitoring your refund status by clicking on the link below: Where's my Refund  

There are two ways to resolve the issue. The first is to do as others have said, i.e., to do the "open with" trick.   The second way is to give "Full Disk Access" privileges to TurboTax through the System Settings app. Open System Settings, click on "Privacy & Security", click on "Full Disk Access", scroll down until you see the +/- option, click on "+", and then add the TurboTax 2025 app in the dialog box that appears.   At root, the issue is that macOS prevents most apps from opening existing documents by default unless you give the app permission to access files in your home directory.

The main things that would transfer over from the previous year would include carryover losses and asset entries  that relate to rental or business activities. If you don't have those, then that would not be a concern. If you do, you would have to look on your 2024 return to identify what should be carried over. You can do that by looking at each business related schedule to see if there is a carryover line and then editing your business entry in 2025 where there are input options for carryovers. If you can clarify which business activities you have we can be more specific.   You may have a capital loss carryover, it would be listed on your previous year Schedule D, line 16 minus line 21. That would be entered in the Wages and Income section, then Investment Income, then Capital Loss Carryover.   Other than that, you can print out your current year return and trace your entries back to your source documents. Also, compare it line to line with your previous year return and investigate any apparent discrepancies.        

You did not live in OR and OR can't tax the pension of someone who does not live there. You should be filing a nonresident return, claim no OR income and be getting a full refund.   You need to go back through your OR return. Be sure no income is allocated to OR. OR income must be zero. The kicker will still add to your refund. Be sure the tax paid is showing on the OR forms. It doesn't sound like it is. It would have been entered in the federal 1099-R.   Look at the tax forms. Verify: nonresident marked  $0 income showing in col B, line 21 kicker credit - line 55 tax already paid in - line 60 refund - line 72

At the present time, such transactions may be entered manually, either on a one-by-one basis or by sales section totals.     In TurboTax Desktop Premier, you may enter the transactions by following these steps:         Across the top of the screen, click Federal Taxes. Across the top of the screen, click Wages & Income. Click I'll choose what I work on. Scroll down to Investment Income and click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. Click Add investments. At the screen Let Us Enter Your Bank and Brokerage Tax Documents, click Skip Import. At the screen OK, let’s start with one investment type, select Digital Assets.  Continue. At the screen Let's get started typing in your digital asset info, enter the information. Click Continue. At the screen Did you get a 1099-DA?, select Yes. Do you have more than three sales on your 1099-DA, click Yes. Did you buy every investment listed on your 1099-B, click Yes.  Click Continue. At the screen Now, choose how to enter your sales, select Sales section totals.  Click Continue. At the screen Look for your sales on your 1099-DA, click Continue. At the screen Now enter one sales total on this 1099-DA, enter information. Click Continue. Repeat as necessary by clicking Add another sale.  Click Continue. At the screen How do you plan on submitting your 1099-DA, you will need to mail a paper copy to the IRS. At the screen Now, choose how to enter your sales, you may also select One-by-one and upload is not required.   In some cases, a CSV file may be converted to a TXF and imported into TurboTax Desktop through File / Import. Transactions may be 'bulk edited' to convert the Investment type.  

You have to enter a $0 - you can't leave it blank or it will repopulate with the rollover number.    You can change the field or the form on the Household Income screen - but be sure to scroll down and click Continue.       It lets me change it and then allows me to add the property tax amount and generates a refund for MO.    Are you using the desktop software?   Can you update line 3 on the MO-PTS form there?     I will add a screenshot below.        

You have to indicate in TurboTax that this is a rollover.   In TurboTax Online, enter your form 1099-R by following these steps: Open your tax return Click on Federal in the left-hand column, then on Wages & Income Navigate to the list of income categories Locate the section Retirement Plans and Social Security and click on the arrow on the right Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R). Enter your form 1099-R and follow the interview When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)

In the My Info section of the program, edit the dependent.  The dependent must be age 19 or older for the option of being a full time student to be shown. On the screen Tell us more about (Name) situation check the box (Name) was a full-time student in 2025    

"Where would I put the info when I was deployed" - This question, which should not apply to your situation, is found in the My Info/Personal Info interview.   On or about the screen*** where TurboTax asks for your name and SSN, TurboTax also asks you if you served in the military in 2025. You should have answered No. If you answer Yes, then you will be asked other things, including where you were deployed...but you should not have ever gotten that far.   ***Sorry to be imprecise, but this question about military service seems to wander around, but it should be in the My Info/Personal Info section somewhere...   @south-bay-don1 

You can check your payment date just by reviewing your electronic filing details in TurboTax Electronic Filing Instructions Page within your tax return.   Follow the following instructions:   Sign in to your TurboTax account. Scroll down to Your Tax Returns & Documents. Select the 2025 and then Add a State (You aren't‌ adding a state, but this gets you back into the Print Center). Select Tax Tools and select Print Center. Select “Print, save or preview this year's” return. Choose to Include government worksheets. Select View or Print Forms. View the PDF and locate the Electronic Filing Instructions page to see the payment date.