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Thank you for the reply.  I will do as you advise re: not saying I had an excess contribution. To answer your question - Yes, my excess contribution was $5100. That is the amount I deposited into the Roth IRA in Mar '25 for 2024 tax year. I received 2 1099-R's related to the excess contribution 1st 1099-R: Box 1: $5100, Box 2: $243.03, Box 7 PJ 2nd 1099-R: Box 1: $243.02, Box 7 8J   A total of $5,343.04 was returned to me via bank transfer.   When you say, "Also note, the 2025 Form 1099-R with code PJ belongs on your 2024 return."  Do I take that to mean I need to 1. Amend my 2024 return and include this particular form? 2. Remove this form from my 2025 return? Thanks!

Please explain what your question is.   Yes, you will need to enter or upload your W-2 to TurboTax to file your taxes.  Your car taxes are only relevant if you are itemizing your return instead of taking the standard deduction.  If you don't have a lot of other itemized expenses which include medical expenses and donations to qualified charities, along with state and local taxes, then you would likely be taking the standard deduction and not need to enter anything about the car taxes.   However, if you purchased a new car in 2025, it is possibly you would be able to deduct the interest paid on the loan. The interest deduction is capped at $10,000.  This is an above the line deduction, not a credit meaning it will lower your AGI and taxable income.  It will not be an amount that is refunded to you, but it could result in a refund by lowering your taxable income.       Standard Deduction vs. Itemized Deductions: Which Is Better?    

To report the sale of a foreign rental property in TurboTax, you must handle the capital gain in the rental section (Schedule E/Form 4797) and the taxes paid to Mexico separately via the Foreign Tax Credit (Form 1116). Do not enter the sale as a 1099-B stock sale.   Report the Sale (Rental Section): Go to Wages & Income > Rental Properties and Royalties (Sch E). Edit your rental property and select "I sold or otherwise disposed of this property". Ensure you answer "Yes" to "Did you sell this property in 2025?" and enter the sale date, sales price, and selling expenses. Under "Sale of Assets/Depreciation", you must select "I stopped using this asset" for each item (house, furniture, etc.) and enter the date of sale to handle depreciation recapture. This will correctly report the capital gain and recapture on Form 4797/Schedule D, not as a business entity, but as a personal investment property sale.   Report Foreign Taxes Paid (Foreign Tax Credit): Navigate to Deductions & Credits > Foreign Taxes (under Estimates and Other Taxes Paid). Select "Yes" to take the Foreign Tax Credit (Form 1116). When asked about foreign source income, select "Foreign country" and choose Mexico. Ensure you select "Foreign Source Capital Gain" when asked for the type of income. Enter the taxes paid to Mexico in the currency conversion amounts required. Please post any questions if you encounter any problems with the entry.  

Your personal investment records may contain the value of the stock received at the time of the demutualization.  The value of the stock at the time that it was received would also be your cost basis.   The value at the time of demutualization might be found through a search with your internet browser.  Finally, although your investment banker was not required to disclose the cost basis on the 1099-B, your individual representative may be able to provide the value.   This IRS website explains how you may have received stock at the time of the insurance demutualization.     If the demutualization qualifies as a tax-free reorganization and you elected to receive stock, for tax purposes, you'll be treated as having exchanged your voting and liquidation rights for stock of the demutualized company. Your holding period for the new stock includes the period you held the policy in the former mutual company.

If you are getting enrollment status must be entered in your TurboTax program, it usually happens in TurboTax when a Form 1098-T is entered without specifying if the student was at least half-time. Be sure to re-select your enrollment status (For example: at least half-time, full-time, or less than half-time).   To fix this, you can delete and re-enter your Form 1098-T using the steps listed below.   To delete Form 1098-T if you are using TurboTax Online: In your left panel of your TurboTax screen click on "Tax Tools" And then Click on "Tools" Click on "Delete a Form" Scroll through your list of Forms Click the garbage can next to "Form 1098-T"   To delete Form 1098-T if you are using TurboTax Desktop, you can: Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode" In your left panel scroll down and look for "Form 1098-T" In your right panel at the bottom of Form 1098-T, click on "Delete Form" Click on "Yes" to confirm the deletion. To re-enter your Form 1098-T and review your entries, you can: Click on Search at the top right of your TurboTax screen Type Form 1098-T in the search box Click on the link Jump to Form 1098-T and Enter Your screen will say Did you have education expenses? Answer Yes and Continue Your screen will say Tell us which person was a student in 2025 Answer and Continue Your screen will say Let's get XXX education info Was XXX working on an Associate, Bachelor or Graduate Degree Answer Yes and Continue Your screen will say Did XXX have any of these common situations in 2025?Answer and Continue Your screen will say Did XXX have any of these uncommon situations in 2025? Answer and Continue The following screen is What was XXX's enrollment status in 2025? Answer Full-time, At least half-time or Less than half-time and Continue Continue through your TurboTax screens and make sure all follow-up questions were answered correctly In some cases, deleting the student as a dependent and re-adding them, then re-entering the 1098-T, is necessary to resolve the issue.   See Also: Where do I enter Form 1098-T (Tuition Statement)? Please return to Community if you have any additional information or questions and we would be happy to help.

There is no IRS Form 703. Do you mean Notice 703? The worksheet in Notice 703 can be used to see if your Social Security benefits may be taxable. The worksheet cannot be used to calculate the actual taxable amount, and the worksheet is never included in your tax return. After you enter your Social Security benefits in TurboTax there is a screen that asks whether you lived in one of the foreign countries listed on the screen. What probably happened is that you mistakenly answered Yes, even though you lived in the United States. Answering Yes to the question about living in certain foreign countries would result in your Social Security benefits being omitted from your tax return.  

Missouri grants an automatic six-month extension for the filing of your tax return if you file a federal tax return extension and are not paying with the Missouri extension.   If you need to pay with the Missouri extension because you anticipate having a balance due when you file, you can file the extension and pay here: Pay with Missouri Extension   Here is a TurboTax article about filing a state tax return extension: How to File for an Extension of State Taxes

While the Federal and State forms are linked, they operate under different sets of rules regarding what defines "taxable income" for a fiduciary.   On a Federal level, an Estate’s NOL generally does not pass through to beneficiaries until the final year of the estate. During the Estate's Life, the loss stays at the entity level to offset the estate's own past or future income. Since the loss isn't "distributed" to you yet, the federal K-1 reflects $0 taxable income rather than a negative number. Federal law prevents you from using the estate's operating losses to offset your personal salary or investment income until the estate is officially closed. Virginia Form 770 starts with Virginia Taxable Income, which is typically the federal adjusted total income. However, the "Taxable Income" line on a state return represents the entity's financial position, not the beneficiary's position. If the estate lost money, the state return reflects that loss to establish a record of it.   To confirm this in your 1041 return, look at the "Final Return" box on the top of the 1041. If it isn't checked that loss is essentially "on hold" for federal purposes, even if the state return is displaying the math of the current year's deficit.

Intuit, it's April 12th and there's still not a solution? It is unreasonable for me to enter manually due to number of transactions. I purchased the software (as I have done for 15 years) with the expectation that it would meet base requirements for tax filing. Other software, e.g. FreeTaxUSA has figured this out - where are you at Intuit? 

This is the most common fix for the "looping" error where TurboTax keeps asking you to review the same two items: Go to the Federal menu and select Deductions & Credits. Scroll to the bottom and select Wrap up tax breaks. Continue until you see a screen titled "Based on what you told us, the standard deduction is best for you" (or similar). Select the option to Change my deduction and pick the opposite of what you currently have (e.g., if you are taking the standard deduction, select Itemized, or vice versa). Continue through one or two screens, then go back and switch it back to your original, correct choice. This often "resets" the calculation and clears the estimated flag. 

some additional info - I looked at the foreign tax credit computation worksheet  and on 1k - There is a signifcant adjustment required for QD/LTCG (almost 60%). Is this correct ? As a result a lot of the credit is carryover to 2026.

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.) On the drop-down select Tools On the Pop-Up menu titled “Tools Center,” select Delete a Form  This will show all of the forms in your return  Scroll down to the form you want to delete - look for Tax and Interest Worksheet or Tax Payments Worksheet. Select the Form  Click on Delete.  Always use extreme caution when deleting information from your tax return.  There could be unintended consequences.