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yesterday
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yesterday
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This is an issue that I think is a product deficiency. TurboTax Desktop 2025 - tax information was entered using a combination of Forms view and Step-By-Step. The 1099-R for a Roth Conversion was i...
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This is an issue that I think is a product deficiency. TurboTax Desktop 2025 - tax information was entered using a combination of Forms view and Step-By-Step. The 1099-R for a Roth Conversion was imported from the financial institution. I missed or did not notice that I had not gone through the step of entering the required information for the 1099-R. TurboTax had gone ahead and calculated the taxable amount of the conversion without entry of the 2025 year ending value of the IRA, resulting in the entire outstanding basis of non-deductible IRA being used to reduce the amount of the IRA withdrawal subject to tax. While the tax return was in this incorrect state, I did Final Review and no errors were detected. During manual review, I noticed that data didn't look correct so I went hunting for the reason. That is when I noticed that the 1099-R in Step-By-Step was marked "Needs Review". I think the tax return should have shown an error - it shouldn't be valid to compute the non-taxable amount of a Roth Conversion without entry of the year ending value of the IRA.
yesterday
You can deduct it if you itemize and it qualifies. See See line 7 for the rules which include motor vehicle, plane, boat, or home.
Itemizing:
If you have other expenses (mortgage, p...
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You can deduct it if you itemize and it qualifies. See See line 7 for the rules which include motor vehicle, plane, boat, or home.
Itemizing:
If you have other expenses (mortgage, property tax, other state and local taxes, charity) that combine with your vehicle tax paid to go over the standard deduction, you want to itemize.
Standard deduction:
If you can't beat the standard deduction, you are better with the standard deduction. You won't be able to claim standard deduction along with the tax paid.
yesterday
Turned off pop blocker and it now works.
yesterday
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yesterday
Yes!! Not to mention a whole lot simpler in wording and straightforward.
yesterday
Hello - Is the Token# 1329861, for my State of Oklahoma Civil Service Retirement System(CSRS) issue still valid? should I do the diagnostic file process again?
yesterday
As you indicated the key changes are as shown below.
Key Changes and Details (As of 2025/2026): PIT Instructions (PIT 1-10)
Deduction Limit: The general capital gains deduction is limite...
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As you indicated the key changes are as shown below.
Key Changes and Details (As of 2025/2026): PIT Instructions (PIT 1-10)
Deduction Limit: The general capital gains deduction is limited to $2,500 per taxpayer.
Business Sale Exception: A special deduction of 40% of capital gains is allowed, up to a maximum of $1 million in gain, for the sale of a New Mexico business.
Tax Rates: Capital gains are taxed as ordinary income at progressive rates, ranging from 1.5% to 5.9%.
Impact: These changes, effective from the 2025 tax year, apply to both short-term and long-term gains, reducing the previous preferential treatment.
If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help. If you would like to do this, here are the instructions: (Don't forget to give us the state)
TurboTax Online:
Open your return -Go to the menu panel on the left side of your return and select Tax Tools.
Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.
TurboTax Desktop:
If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:
Click on Online in the top left menu of TurboTax Desktop for Windows
Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number.
Enter your email used for TurboTax > Enter your code > Send
Write down or send an image of your token number and state then place in this issue.
We can then review your exact scenario for a solution.
Please also tell us any states included in the return. This is necessary for us to view the return.
*If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')
We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.
yesterday
I have desktop deluxe but am unable to take a home office deduction based on percentage of square footage????
yesterday
I ran into same issue using Macbook for the first time with Turbo Tax after I copied over my previous Windows .tax file from previous tax year. I had to close completely out of TurboTax software, the...
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I ran into same issue using Macbook for the first time with Turbo Tax after I copied over my previous Windows .tax file from previous tax year. I had to close completely out of TurboTax software, then went to the file location and double clicked the actual file to open it. Once I did that, it automatically prompted me to "Transfer" the data. Upon clicking "Transfer", TurboTax launched automatically and imported my data. To summarize: Close completely out of TurboTax, Locate the actual file (.tax20xx) and double click it. When TurboTax launches, it should prompt you to "Transfer" the data and it will continue where you left off. - Hope this helps.
yesterday
Thank you for answer. Changing "Local Access Network" from "Ask" to "Allow" doesn't fix the issue. Waiting for Schwab to answer my question about tax forms availability for import.
yesterday
This does not resolve the issue. I tried it with three different browsers: Edge, Firefox and Norton Private Browser.
yesterday
There are only two choices for distributions from a 1099-r and those are qualified or non-qualified. Distributions from a life insurance policy are considered a Non-qualified plan. After you enter ...
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There are only two choices for distributions from a 1099-r and those are qualified or non-qualified. Distributions from a life insurance policy are considered a Non-qualified plan. After you enter the 1099-R from the insurance company, you come to a screen stating "What kind of retirement plan do you have with [insurer name]?". The wording for Non-qualified plan on this page states "Includes life insurance policies, private or purchased commercial annuities, and military retirement plans".
The taxable dividends from the 1099-R will be added to any other distributions of pensions and annuities on line 5b on the Form 1040, where it will be taxed as normal income.
yesterday
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yesterday
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/25/2026
An amended return, Form 1040-X, can only be printed and mailed to the IRS if the or...
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The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/25/2026
An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return.
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...
yesterday
On the entry form for your form 1099-B, place a check mark on I have other boxes on my 1099-B to enter.
A number of boxes will appear and you can enter Federal tax withheld in box 4 and State ...
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On the entry form for your form 1099-B, place a check mark on I have other boxes on my 1099-B to enter.
A number of boxes will appear and you can enter Federal tax withheld in box 4 and State tax withheld (if any) in box 16.
yesterday
Do you file for farming? It seems the program wants to put the income reported on that 1099-NEC onto your schedule F which is the form you use to report income from a farm.
Self-Employed Taxpayers ...
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Do you file for farming? It seems the program wants to put the income reported on that 1099-NEC onto your schedule F which is the form you use to report income from a farm.
Self-Employed Taxpayers use Schedule C, Farmers use Schedule F.
Is this income you received from a farming business?