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monstera

Based on your answer - Does insulation material deduction require a manufacturer's QMID to be entered?

Matilda

So I need to split the mutual fund into separate entries. One for the original inherited shares, then one for each of the times they reinvested and bought more shares for me. (every time the basis ...

So I need to split the mutual fund into separate entries. One for the original inherited shares, then one for each of the times they reinvested and bought more shares for me. (every time the basis is different) The last time being a short term investment. And I must only put inherited for the original shares because inherited means the basis is set to date of death. This is getting pretty complicated and won't match the 1099B that fidelity provided although I guess the total will. Is there an easier way to do this? I have 4 different mutual funds to do this for. They put various for date acquired in the 1099-B, then I guess average the basis out over all the shares - end result - total gain - should be the same as separating them by date except the first is inherited, the rest are reinvested.

middle89

I got this message saying that my IRA contributions are $7k in excess even though they are within the limit: "Traditional IRAs You had traditional excess contributions of $7,000. To a...

I got this message saying that my IRA contributions are $7k in excess even though they are within the limit: "Traditional IRAs You had traditional excess contributions of $7,000. To avoid a penalty you can withdraw these excess contributions before the due date of your return. If you have withdrawn all or some of these contributions, enter the amount withdrawn below." All I am entering is the $7,000 allowed for 2025. I didn't enter any excess. This message seems to imply that 100% of my contributions would be in excess. My "Federal Tax Due" also went up from $9 to $395 after entering the contribution amount for some reason. If I enter the $7k as a Roth IRA contribution instead of traditional I don't get the message about having excess contributions, but I do get the "Federal Tax Due" going up from $9 to $429 after entering the contribution amount. Which is even more odd because Roth contributions shouldn't affect my taxable income or taxes at all. And I would prefer to contribute to a traditional IRA this year if possible.

GM45

runwmn

When I click on Fix it just gives me the same error message.

runwmn

When I click on Fix it just gives me the same error message.

yatoshura

Can I still sell some stocks for a loss now before the tax deadline April 15 2026 to offset some of my 2025 short term capital gains?

tianbao127

yatoshura

I have several different bank saving accounts each with about $0.5 to $2 of total interests for 2025. I did not receive any 1099-INT from any of these banks. Do I still need to report them?

abellamy

You are told to enter the excess depreciation as income on the Schedule E as a negative number in other expenses. There is no other expense item and you can enter a negative number as an expense it ...

You are told to enter the excess depreciation as income on the Schedule E as a negative number in other expenses. There is no other expense item and you can enter a negative number as an expense it has to be above zero.

bizzer1552

SolivenEva

where do I look for the rental income and expenses, this software does not have it unlike the 2024 turbo tax, we already installed again

yatoshura

I received a consolidated 1099-B from Fidelity with several hundreds of transactions. The 1099-B have summaries of the transactions categorized by short/long term and basic reported/not-reported to I...

I received a consolidated 1099-B from Fidelity with several hundreds of transactions. The 1099-B have summaries of the transactions categorized by short/long term and basic reported/not-reported to IRS. Can I use these categorizations and just report their aggregated total proceeds, basis and wash sales? Or do I need to report every single transaction?

emerrill2

saruesch

Section 179 expense deduction disallowed. How do I fix carryovers on individual activities?

magaintl

I thought this type conversion is called backdoor conversion within two IRA accounts and should have no limit; but need to pay tax only?

yatoshura

I traded some options for the same ticker in my traditional IRA and another individual taxable accounts. There were some gains and some losses within 30 days. I mostly traded option strategies like c...

I traded some options for the same ticker in my traditional IRA and another individual taxable accounts. There were some gains and some losses within 30 days. I mostly traded option strategies like covered calls, iron condor, put credit spread, call debit spread, etc for the same ticker in each account. How are wash sales handle in this scenario? I have losses and gains in both accounts for the same ticker. How do I report these? How should I adjust basis? Can losses offset gains across these accounts? Appreciate any advice.

lagmom

Took wrong deduction, can I change it after return is pending?

veegs42

i have already made myself single but it continues to carry over teh information i input about my partner. we will be common law this year, 2026, and i mistakenly put it as last year as its when we m...

i have already made myself single but it continues to carry over teh information i input about my partner. we will be common law this year, 2026, and i mistakenly put it as last year as its when we moved in. but now i cannot remove the information from my profile and file online. i need to delete the form 30300 but i do not see an option to delete!

jcapex

There is no name space on the top or hidden and I can not find the space for name.

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Re: energy credit

Re: Basis for sale of inherited mutual funds after a couple years and mutual fund reinvesting

Errors When Attempting to Contribute to 2025 IRAs

Re: Withdrawing Excess Roth IRA Contribution

I can't complete the e-file. I keep getting "Check this entry" "person on the return worksheet ( my first name): Enrollmentstatus must be entered.

I can't complete the e-file. I keep getting "Check this entry" "person on the return worksheet ( my first name): Enrollmentstatus must be entered.

Sell stock at a loss to offset gains

I have made over $40000 stock donation in Dec 2025, all purchased more than 2 years ago. However, there is no place for me to upload the form 8283.

Report bank interests

Re: Excess depreciation on rental property

box 15 on my W-2 asks for me to select a state. We live in TN which is not a selection option. TN is state tax exempt. How do I bypass this request?

I can.t continue my tax return my software Intuit turbo tax premier does not rental income and expenses

Report summary of option transactions

I want to set up an appointment on Tuesday 3/31 with a tax professional

Where do I "complete carryovers on the individual activities"

When I convert 10K from my traditional non-deductible IRA to My Roth IRA in my Fidelity accounts, Turbotax saying I am over the limit of $7,000. ?

Wash sale across IRA and taxable accounts

Can i switch my statue from single to head of household. Return is pending.

Re: Ihow can I removed a spouse I'm not married

I finished the entire tax return, both Fed and State and trying upload but when I put name address, the address is not accepted even though I put everything correctly.

Do you have a TurboTax Online account?

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