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Fidelity 1099 and TurboTax total gains do not match (and the difference = total wash sales)   Imported 1099 from Fidelity   Total proceeds and total cost basis match for both Fidelity and TurboTa... See more...
Fidelity 1099 and TurboTax total gains do not match (and the difference = total wash sales)   Imported 1099 from Fidelity   Total proceeds and total cost basis match for both Fidelity and TurboTax.   But Turbotax included the wash sales in the total gains.    Checked the "1099-B" input summary for accuracy. Went through all sales and made updates (two entries were missing in TT). Made edits but none of the figures changed in TT.   Example: Wash sale is $2000, net gain from 1099 is $38,000, Turbo Tax is reporting my total gain as $40,000.    How do I get TurboTax to match Fidelity 1099?    
I sold my home in Bosnia in 2025, I lived there for more than 2 years. the sale price was $ 179.000, I paid taxes on home sale in Bosnia. Do I owe taxes for home sale on USA?
For tax year 2025, my QBI capital loss carryforward has a Short-term (#8) and Long-term (#13) amount from last year tax form. I do not know which amount needs to be added in the SECTION 179 CARRYOVER... See more...
For tax year 2025, my QBI capital loss carryforward has a Short-term (#8) and Long-term (#13) amount from last year tax form. I do not know which amount needs to be added in the SECTION 179 CARRYOVER.  Please help.  Thanks.
Did you already file?  It should be there.  You don't have to do anything.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and i... See more...
Did you already file?  It should be there.  You don't have to do anything.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    
Similar situation as the OP - family member died having taken out about half of the RMD for 2025 and beneficiaries took out the rest.   Just to be extra clear on your guidance - I should reduce the... See more...
Similar situation as the OP - family member died having taken out about half of the RMD for 2025 and beneficiaries took out the rest.   Just to be extra clear on your guidance - I should reduce the RMD amount entered on her final return in TT to the amount distributed before she died rather than the full RMD for the year?   I appreciate the advice. TT should advise on this common and simple situation in the data entry guidance.
There are a number of reasons this may occur. See this help article. Here are some troubleshooting tips to try for this issue:   After exiting the program and logging back in, try zeroing out ... See more...
There are a number of reasons this may occur. See this help article. Here are some troubleshooting tips to try for this issue:   After exiting the program and logging back in, try zeroing out the city, state and zip code fields and re-entering them. Another user found that the state code IA had been entered incorrectly when a form was scanned in. Make sure that there are no leading spaces ahead of or after the entry characters Use the official USPS website to verify the specific ZIP code for your street address. Try restarting your device and updating the software. To update the TurboTax desktop software, select Check for Updates under the Online menu (Windows) or the TurboTax menu (Mac) at the top of the application. If automatic updates fail, see this help article to manually update Windows, or this help article for Mac. For online users, to make sure your program has been updated, you may also need to exit TurboTax, restart your device, and Clear cache and cookies.   @fuzzyk717 
Oklahoma offers an optional depletion deduction that is often more favorable than the federal version.  TurboTax computes the Oklahoma depletion at 22% of the gross income derived from each Oklahoma ... See more...
Oklahoma offers an optional depletion deduction that is often more favorable than the federal version.  TurboTax computes the Oklahoma depletion at 22% of the gross income derived from each Oklahoma property during the taxable year- this may have put you under the $1,000 filing threshold.  You can check by subtracting 22% of the total you received.   You would still be required to report the income to your resident state Maryland; and if there is no Oklahoma tax, you would not have a credit to apply so it would be taxable in Maryland.  Maryland also uses the federal amount without the additional depletion allowance.   If this is NOT the case, please post again and we can investigate further!  
I see several posts for this error, but nothing that applies to my situation.   Using Turbotax Premier. Finish "Deductions and Credits", runs the analysis, and gets to the "Here are Your 2024 and ... See more...
I see several posts for this error, but nothing that applies to my situation.   Using Turbotax Premier. Finish "Deductions and Credits", runs the analysis, and gets to the "Here are Your 2024 and 2025 Deduction & Credits" screen.  Hitting "Continue" generates the pop-up error message.  Hitting OK on the pop-up will take you to the "Other Tax Situations" section.   What is causing the error, and how do I find it and resolve it?  I'm assuming just continuing is likely to leave me with errors when I try to file.   Thanks
they are the step x step instructions for a Back Door Roth Conversion.   You may be calling it a "rollover", but it is called a 'converson".  Just follow the instructions in the link. 
@MaryK4   Do you know if my friend qualifies?  She is a FORMER spouse (divorced) and gets half of her ex's pension.  I don't think she qualifies?   He's still alive.  She's not a surviving spouse or ... See more...
@MaryK4   Do you know if my friend qualifies?  She is a FORMER spouse (divorced) and gets half of her ex's pension.  I don't think she qualifies?   He's still alive.  She's not a surviving spouse or filing Joint.  
Thanks for the quick reply, but I’m not being given the option to enter manually the tool keeps sending me back to the list. Is the problem that I’m not using the online version of turbo tax and have... See more...
Thanks for the quick reply, but I’m not being given the option to enter manually the tool keeps sending me back to the list. Is the problem that I’m not using the online version of turbo tax and have the software loaded to my PC?
Answering No produces the correct taxable amount on your tax return but produces an incorrect amount of conversion basis being tracked on TurboTax's IRA Information Worksheet.
According to my paperwork from IB everything is correct no issues but with download via TT missing information for presently 4 seperate dowloads. Incorrect or no costs foe too manr entries.
What is the point of posting unless you can view responses?
When my federal information was transferred to my South Carolina return it added back a large amount to additions to Federal Taxable income line 1e.  Looking at the state income tax instructions - it... See more...
When my federal information was transferred to my South Carolina return it added back a large amount to additions to Federal Taxable income line 1e.  Looking at the state income tax instructions - it states that an explanation needs to be attached.  I looked through all of the supplemental schedules for Turbo Tax and can not determine what is being calculated.  According to SC - Attach an explanation of your entry for this line. Where is the supplemental schedule or explanation to supply to SC?   Below are some examples of items to enter on this line which are not applicable to me: ● Taxpayers who claim bonus depreciation under federal law must add back the difference between the bonus depreciation taken and the depreciation which would have been allowed without bonus depreciation. ● Taxpayers who claim a nonrefundable credit for contributions to Exceptional SC (TC-57) are not allowed a deduction for these contributions. Add back the amount of the contribution deducted on the federal return ● Taxpayers who claim a child care program credit for donations to a nonprofit corporation (TC-9) are not allowed a deduction for those donations. Add back the donation deducted on the federal return ● Taxpayers who claim credits such as the Community Development Credit (TC-14), the Industry Partnership Fund Credit (TC-36), and the Credit for Child Care Program (TC-9) may not claim a deduction for the same qualified contribution which results in the credit. Add back the amount deducted on the federal return. ● Add back the federal net operating loss when it is larger than the South Carolina net operating loss being claimed. ● Add back any expenses deducted on the federal return related to any income not taxed by South Carolina. Some examples are investment interest to out-of-state partnerships and interest paid to purchase US obligations. ● Add back foreign area allowances, cost of living allowances, and income from US possessions. ● For qualifying investments made after June 30, 1998, taxpayers must reduce the basis of the qualifying property to the extent the Capital Investment Tax Credit is claimed. Add back any resulting reduction in depreciation. ● Add back the qualified business income deduction under IRC Section 199A. ● Add back any charitable contribution of land deducted under IRC Section 170 unless it meets the donative intent requirements of SC Code Section 12-6-5590. ● Include any withdrawals during the tax year from a Catastrophe Savings Account that were: ● A business must add back any amount paid for services performed by an unauthorized alien if the amount is $600 or more a year. ● Add back any federal deductions resulting from IRC sections that South Carolina does not adopt. MAYBE THIS ONE
Surprisingly, the e-mail from Fidelity is misleading.  The amount of contribution recharacterized was $8,000, not $8,698.73.  $8,698.73 was the gain-adjusted amount transferred.  When TurboTax asks f... See more...
Surprisingly, the e-mail from Fidelity is misleading.  The amount of contribution recharacterized was $8,000, not $8,698.73.  $8,698.73 was the gain-adjusted amount transferred.  When TurboTax asks for the amount recharacterized, enter $8,000.  The $698.73 simply becomes investment gains within the traditional IRA.   Assuming that the resulting traditional IRA contribution is nondeductible, your Form 8606 will show $8,000, not $8,698.73, on line 1.  TurboTax will do this automatically when you enter the $8,000 Roth IRA contribution and tell TurboTax that you "switched" the $8,000 to be a traditional IRA contribution.  Telling TurboTax that you "switched" the contribution will cause TurboTax to prompt you to complete the required explanation statement.  As it turns out, you do have the information necessary to provide all of the details, including the exact amount of attributable investment gains included in the transfer.   You'll want to convert the entire amount to Roth, so the taxable amount of the conversion will be somewhere around $698.73 depending on how the share value changes between now and when you do the converison.
If you dependent was not required to file a tax return because their income  wad under the IRS filing threshold, you can enter 0.     If they did file a tax return, add these amounts from their 2... See more...
If you dependent was not required to file a tax return because their income  wad under the IRS filing threshold, you can enter 0.     If they did file a tax return, add these amounts from their 2025 1040:  AGI Line 11. Tax-Exempt Interest Line 2a. Non-Taxable Social Security- the difference between Line 6a (total) and Line 6b (taxable). Note: Do not include Supplemental Security Income (SSI). Excluded Foreign Income from Form 2555.