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Having done further research, I have amended my answer above.   The excise tax of 6% is due in every subsequent year where the excess remains as of December 31 of that year (see IRC Section 4973).
#7 is wrong, the answer is no.  You did not have employer contributions not on your W-2 or made in 2025 for calendar year 2024.  And then you should not be asked #8, because that is asking about empl... See more...
#7 is wrong, the answer is no.  You did not have employer contributions not on your W-2 or made in 2025 for calendar year 2024.  And then you should not be asked #8, because that is asking about employer contributions, not your own contributions that were already reported last year.   Change that and see if the problem resolves.     Note that all payroll contributions are considered by the tax code to be employer contributions.  The idea is that you agree to a voluntary salary reduction and your employer contributes the money for you.  That's how this type of benefit plan works.  In 
Thank you, Ms Monika.       Indeed the penalty amount was first calculated without the interview questions being fully completed.  Strange that the penalty amount changes slightly from the default, ... See more...
Thank you, Ms Monika.       Indeed the penalty amount was first calculated without the interview questions being fully completed.  Strange that the penalty amount changes slightly from the default, and now I can view the computation inside the form 2210 worksheet now from Print Center.  Thank you for the help!
Thank you for providing a token so that I can review your situation.  Forgive me, but I don't understand the reason for filing an Oklahoma return. I don't see any income attributable to Oklahoma, inc... See more...
Thank you for providing a token so that I can review your situation.  Forgive me, but I don't understand the reason for filing an Oklahoma return. I don't see any income attributable to Oklahoma, including the Capital Gains. What am I missing? @Michael-McGarrett 
The 1099 doesn’t have to be mailed if it didn’t have tax withheld. 
i need to enter info from 2024 tax return to 2025 tax
Tengo un w2 cómo se si me toca oh no reembolso?
Do I exclude total preschool expenses from total amount of care expenses I need to enter in?
I inherited a rental property in 2024. For the start of year 2025, I instructed my property management company to hold the property for sale and not rent it. There were some expenses and costs for re... See more...
I inherited a rental property in 2024. For the start of year 2025, I instructed my property management company to hold the property for sale and not rent it. There were some expenses and costs for repairs that I paid the property management company. I sold the property in October 2025. Because I did not attempt to rent the property in all of 2025, TurboTax Business is indicating that I should delete the rental property in TurboTax and (I'm assuming) input it as a second home that I sold in 2025. Is this correct?  
It gives the option to import, takes userId and password and connect to Robinhood, but comes back with no account found.  I have over 300 transactions in there, it will take hours if not days to ente... See more...
It gives the option to import, takes userId and password and connect to Robinhood, but comes back with no account found.  I have over 300 transactions in there, it will take hours if not days to enter the information. The reason I took premier is to solve this problem.
That is usually a YES or NO question - see Is my business investment at risk?      You should probably answer yes, assuming you own a sole proprietorship or other Schedule C business. In the tax ... See more...
That is usually a YES or NO question - see Is my business investment at risk?      You should probably answer yes, assuming you own a sole proprietorship or other Schedule C business. In the tax world, "at risk" simply means that the business owner is personally liable for the business's losses. It has nothing to do with the business's chances of success or failure.   It's uncommon for Schedule C businesses not to be at risk, but this can happen if the business is funded with nonrecourse loans, money, or property protected by a stop-loss agreement or loans from a non-creditor who has an interest in the business. In those cases, the business owner isn't allowed to take a loss on money or property they weren't "at risk" of losing in the first place.   Review this in the Self-Employment section - Schedule C.     Do you have a checkmark next to at-risk losses?   If so, TurboTax will ask you for an amount.  If it is zero, remove the checkmark there.         
TurboTax will calculate the QBI loss associated with your rental activity and enter it on Form 8995, on line 1.   Assuming the rental qualifies as an active business, as opposed to a passive rental... See more...
TurboTax will calculate the QBI loss associated with your rental activity and enter it on Form 8995, on line 1.   Assuming the rental qualifies as an active business, as opposed to a passive rental, the net loss on it in the current year would be a qualifying business income (QBI) loss. As such, it would reduce QBI income reported elsewhere on your tax return and any unused loss would be carried forward to the next year. It is important to note that a QBI loss can only be used to reduce QBI income, it does not therefore represent a deduction from taxable income.   If you had QBI loss carryovers from a previous year, the current year QBI loss would be added to the carryover loss to arrive at the QBI loss available in the current year.   If you have a passive rental loss, the QBI loss associated with it would be limited to the amount of the loss that is deductible against income in the current year. You can typically deduct up to $25,000 of a passive rental loss against ordinary income in a year, provided your income is under $150,000.    An Airbnb would typically qualify as a active business if your average rental period was less then seven days and you were materially involved in the business, as opposed to being a passive investor.
I'm not trying to add a password to the tax file, so the first steps are not relevant to the situation. I am trying to add a password to the PDF. Yes, I can do that with the Preview app. However, Tur... See more...
I'm not trying to add a password to the tax file, so the first steps are not relevant to the situation. I am trying to add a password to the PDF. Yes, I can do that with the Preview app. However, TurboTax misleads you into thinking it has added one when it has not. I've now given TurboTax full disk access, but that made no difference, and other apps that can successfully save a PDF with a password work without giving them full disk access.   I should also clarify that I have been using the Print to PDF support. Save to PDF does not give you the option of adding a password and also doesn't let you choose what to include in the PDF.
Cesar, Under INCOME section, I am looking at: - BUSINESS ITEMS / Business Deductions and Credit  --- I click UPDATE and pick SELF EMPLOYED HEALTH INSURANCE PAID -- click UPDATE; but I cannot make ... See more...
Cesar, Under INCOME section, I am looking at: - BUSINESS ITEMS / Business Deductions and Credit  --- I click UPDATE and pick SELF EMPLOYED HEALTH INSURANCE PAID -- click UPDATE; but I cannot make any changes --  --- it says " we have deducted, from your income, $3,971 of allowable self employed health insurance attributed to your Sch C  --- No opportunity to delete or change this number   Appreciate your guidance     
If you actively participate in the rental activity up to $25,000 in losses can offset your other income, provided your income is $100,000 or less.  As income increases above $100,000, the maximum ded... See more...
If you actively participate in the rental activity up to $25,000 in losses can offset your other income, provided your income is $100,000 or less.  As income increases above $100,000, the maximum deduction amount is phased out until it is disallowed at incomes of $150,000 or above.   The IRS rules for material participation are spending 500 hours a year on the activity (roughly 10 hours a week), or greater than 100 hours per year, provided no one else works more than you do.  If you don't spend more than 500 hours per year on the rental, you can still be considered a material participant if you provide substantially all the work.  You also should be keeping a log of the time you spent on the rental.  If material participation looks like it will work for you and you provide "hotel-like" services for your guests, you could report this income as material participation on a Schedule C and that will allow you to claim annual losses for a short term rental with an average stay of 7 days or less on your tax return.  A possible downside is that Schedule C income is subject to the self-employment tax - but only on profits.
Should be easy if you file 2 separate Schedule Cs, for each business.  See this to add another Schedule C https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/ent... See more...
Should be easy if you file 2 separate Schedule Cs, for each business.  See this to add another Schedule C https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US
California Schedule CA starts with Federal Adjusted Gross Income and then shows additions and subtractions from that amount based on differences in California law.    If your loss is being added ... See more...
California Schedule CA starts with Federal Adjusted Gross Income and then shows additions and subtractions from that amount based on differences in California law.    If your loss is being added back on the California Schedule CA, in the situation you described, it appears to be because California does not conform to federal law (IRC §1202) that allows for the exclusion of gain on certain Qualified Small Business Stock, meaning 100% of the gain on such stock is taxable in California.   See the California Instructions for Capital Gain or Loss Adjustment for more information.   @user17741472564