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Then there is only the matter of the first 1099-SA with distribution code of '2', but you can't fix everything - all you can do is your best and hope any auditor understands. Ahhh okay so I woul... See more...
Then there is only the matter of the first 1099-SA with distribution code of '2', but you can't fix everything - all you can do is your best and hope any auditor understands. Ahhh okay so I would just file my 2025 taxes as-is with the mistaken distribution reported as an excess contribution removal and hope for the best.
my losses total over $12K so I know I will only receive $3K per year.
Por lo regular el reembolso estatal tarda más que el federal ya que se procesan por separado.   En Kansas, el tiempo de espera varía según cómo presentaste tu declaración: Si la enviaste de maner... See more...
Por lo regular el reembolso estatal tarda más que el federal ya que se procesan por separado.   En Kansas, el tiempo de espera varía según cómo presentaste tu declaración: Si la enviaste de manera electrónica, generalmente se toma de 10 a 14 días hábiles. Si la enviaste por correo puede tardar de 16 a 20 semanas en procesarse. Puedes rastrear tu reembolso en el link que te comparto más abajo: Kansas Department of Revenue Income and Homestead Refund Status  
As @Mike9241 stated, you only enter the Marketplace insurance information in the 1095-A section.   When you enter the 1095-A, look for a screen titled Let us know if these situations apply to you... See more...
As @Mike9241 stated, you only enter the Marketplace insurance information in the 1095-A section.   When you enter the 1095-A, look for a screen titled Let us know if these situations apply to you. Check the box for I'm self-employed and bought a Marketplace plan and click Continue. This should automatically include those premiums in the SE Health Insurance section.    Regarding the screenshots you posted:   The screenshot you listed as Schedule C is not actually the Schedule C as it appears on the tax return, but the Qualified Tips Smart Worksheet for Schedule 1-A, which includes the self-employed health insurance in the calculation of any tips deduction.   The step-by-step view is just showing you where you enter/entered the expenses listed in the program and does not necessarily correlate with where they appear on the finished return.   The Allocable Deductions Smart Worksheet is showing what items need to be deducted from net income in order to calculate the Section 199A (Qualified Business Income Deduction) and Tips Deduction.   See this help article for more information.   @KR202526 
@lbelulovich Not sure whose advice you found to be not helpful in this thread that has multiple posts from multiple users,  spanning a number of years.     Please explain your specific issue or p... See more...
@lbelulovich Not sure whose advice you found to be not helpful in this thread that has multiple posts from multiple users,  spanning a number of years.     Please explain your specific issue or problem so someone can try to help you with it. 
Another means is on the first business to drop the business use to zero % with the first business     you may also have a problem if you took section 179 deduction on the asset when you placed ... See more...
Another means is on the first business to drop the business use to zero % with the first business     you may also have a problem if you took section 179 deduction on the asset when you placed it into service with the first business. Once use drops below 50% before being fully depeciated based on use regular MACRS rand the full life esults in recapture. 
You first need to enter the property into the system so that the system can calculate the depreciation for this and other years.  Under the 'Wages and Income' section of your federal return scroll do... See more...
You first need to enter the property into the system so that the system can calculate the depreciation for this and other years.  Under the 'Wages and Income' section of your federal return scroll down to 'Rental Properties and Royalties.'  Then click start and enter all of the information about your property.  
After following your directions I verified that the refund was entered properly as you described on both the Federal and State forms. I thought I was finished. However, when I did a final revue Turbo... See more...
After following your directions I verified that the refund was entered properly as you described on both the Federal and State forms. I thought I was finished. However, when I did a final revue Turbo Tax found an error and wanted me to correct the Schedule 1 Line 1 State and local Income Tax Refund Worksheet "Total Payments and Withholding" which was shown as $0. They indicated : Payments and withholding must exceed sum of individual payments. The total amount you entered from your 2023 NY tax return is less than the individual payments you made that year (estimated tax, extension payment, or payment when you filed your return) .It should be higher than or at least equal to your payments. My Question: Can I ignore what TurboTax is flagging as an error and file my return anyway, or is there something else I must do? Also if I ignore the Error will this effect next years taxes. Thanks, Ira
MY RETURN IS UNDER REVIEW The IRS is getting more and more vigilant to prevent identity theft and fraud.   People who file very early in the season are sometimes scrutinized more.  Do not take it p... See more...
MY RETURN IS UNDER REVIEW The IRS is getting more and more vigilant to prevent identity theft and fraud.   People who file very early in the season are sometimes scrutinized more.  Do not take it personally.   TurboTax does not get any information from the IRS after they accept your return, so no one at TT knows that your refund is delayed or why.  All you can do is wait for the IRS to finish processing your return.  Watch the refund site.  If the IRS wants more information from you they will request it. If they want you to verify your identity, you must follow the IRS’s instructions in order to do that.   In many cases they will send you a letter—and you will have to wait for that letter.
What is your filing status? Is "retirement plan" in box 13 checked in any of your W-2s?  Did you accidentally check "retirement plan" when entering your W-2?
Include the income as part of  your rental activity income and then deduct the expenses used to repair the property. This will provide the net results necessary for your rental activity. It's not nec... See more...
Include the income as part of  your rental activity income and then deduct the expenses used to repair the property. This will provide the net results necessary for your rental activity. It's not necessary to enter the income through the 1099-MISC entry area, simply include this as part of your rental income on Schedule E.    You have your form and your records should you need them at any future point.
@AaliyahLe ,  once you are treated as a resident for tax purposes, you remain as such till any other adjustment.   For immigration related questions/ plans/effects you need to see an immigration la... See more...
@AaliyahLe ,  once you are treated as a resident for tax purposes, you remain as such till any other adjustment.   For immigration related questions/ plans/effects you need to see an immigration lawyer -- we are only tax professionals here. My understanding is that many  NRAs married to US person request visa change to K visa  ( spouse or fiancé ) while seeking longer term adjustment like GC.   Best source is immigration lawyer.   Your F-1  visa still remains in effect till there is any adjustment of status -- as long as you maintain the F-1  student  conditions ( full time student, temporarily present etc. ).  For tax purposes all that changes is that you are a resident for tax purposes.  Thus your  exemption  ( as F-1 and for five years ) is not valid anymore ( by choice ). Is there more I can help you with?   Else , till next year.
@MJPete wrote: I do not recall seeing this form to fill out in the program, so it needs to be filled out manually? Not sure what you're asking nor the issue.   Form 8283 is included in the ... See more...
@MJPete wrote: I do not recall seeing this form to fill out in the program, so it needs to be filled out manually? Not sure what you're asking nor the issue.   Form 8283 is included in the program, and it can be e-filed. The form can also be submitted by mail with Form 8453.
I'm not sure how you can cause this distribution to be treated as nontaxable (entirely excluded from Form 1040 line 5b) unless you either indicated that you rolled the distribution over or you used t... See more...
I'm not sure how you can cause this distribution to be treated as nontaxable (entirely excluded from Form 1040 line 5b) unless you either indicated that you rolled the distribution over or you used the Simplified Method or the General Rule to indicate that less that the full amount is taxable.  I would print out TurboTax's 1099-R for for this entry and examine TurboTax's Additional Distribution Information and the Simplified Method Worksheet to see if these explain why no part if this distribution is appearing on Form 1040 line 5b.   Given that there is no code D in box 7, I assume that this is a distribution from a qualified plan, perhaps a pension plan.  If you have no after-tax basis in the plan, the entire amount is taxable.  It would only be made nontaxable by applying the Simplified Method and indicating some nonzero plan cost (your after-tax investment in the plan).  If you are unable to substantiate any after-tax investment in the plan, the entire amount is taxable.
Hello, the content in my 1099-R already was different, but by cents only, so it didn't trigger checking the rollover box     You are right, if I make the difference between box 1 and box 5 in the i... See more...
Hello, the content in my 1099-R already was different, but by cents only, so it didn't trigger checking the rollover box     You are right, if I make the difference between box 1 and box 5 in the information from 1099-R it checks the box in Form 1040 line 5c box 1 Rollover.   Thank you
Your advice is not helpful in that I am unable to make corrections to any of the pensions/IRA entries either while in the prompted program or on the forms themselves. Thereby rendering the State port... See more...
Your advice is not helpful in that I am unable to make corrections to any of the pensions/IRA entries either while in the prompted program or on the forms themselves. Thereby rendering the State portion non-functional and useless unless I am able to make those corrections.
Because the distribution occurred in 2026, it generally cannot be reported on your 2025 tax return. Since you didn't take the RMD by December 31, 2025, the IRS considers it missed for that tax year. ... See more...
Because the distribution occurred in 2026, it generally cannot be reported on your 2025 tax return. Since you didn't take the RMD by December 31, 2025, the IRS considers it missed for that tax year. To fix this in TurboTax and request a waiver of the penalty, follow these steps:   Since you have TurboTax Desktop, you are able to generate the required form automatically and then request your waiver directly on the form, by following these steps:   Go to Open Form at the top left corner of your TurboTax screen and type 5329 Select Form 5329-T On Form 5329-T, scroll down to Line 52a and input the $_ that was your RMD On Line 53a, input zero (0) for the amount of the RMD you took Input the $_ in Box A found just below Line 53b Click Explain just below the $_ Write: "I mistakenly did not take the RMD for IRA. Upon discovering the error in 2026, I immediately withdrew the full 2025 RMD amount of $_. I have now set up an automatic withdrawal to ensure this does not happen again."
According to the National ABLE Resource Center, New Jersey does not offer any deduction for ABLE account contributions.  This website offers the ability compare state plans to one another and the web... See more...
According to the National ABLE Resource Center, New Jersey does not offer any deduction for ABLE account contributions.  This website offers the ability compare state plans to one another and the website clearly states that   New Jersey does have a College Affordability Deduction that is available for gross incomes under $200,000 that gets reported on lines 37a to 37c.  But there is no line on the New Jersey NJ-1040 for reporting ABLE account contributions.