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Starting in 2024 there is a new question asking if you lived in a foreign place.  People have been answering it wrong or skipping it.  Go back through the Social Security entries.  And it is for each spouse.  So if you have a low amount on 1040 line 6b you might have answered wrong for 1 person.   You can go back into your tax return but be very careful not to change anything.  Click on Add a State to let you back into your return.  You should see this screen after you enter your Social Security and hit Continue.  What is checked Yes or No?     Also check if you ssn is valid for employment under My Info or Personal Info.   That can affect many things.  Needs to be yes.   Before you file your tax return you should always review and compare it line by line to the prior year to check if the amounts look right and you have the same items on each return and on the right lines.   Then you would have seen 1040 line 6b had zero taxable Social Security and you could have questioned it.    Especially if some was taxable  last year.

Unable to transfer Download file to Applications folder on Mac. I have updated software, rebooted, redownloaded. At wits end after 3.5 hours. Have used TT desktop version successfully since 2020.   As soon as I double-click on file and transfer box opens, the download file is overlain by white circle with white slash - incompatible. Any chance that the download file is corrupt?

Before it ended our access, I downloaded the entire listing of items and their values.  I plan to turn it into an Excel spreadsheet and keep track of 2026's donations that way.  I know that valuations will be off slightly, but it'll be close.  This just buys me time until I find an alternate solution.  DeductionPro from H&R Block also used to be free; I don't know if it still is.

In the interview, the entries for Schedule 1, Line 24z come from the Less Common Income >Miscellaneous Income section, sometimes to offset income reported elsewhere in your return that should be non-taxable.   What type of income item are you trying to adjust?  If you can give more details, we'll try to help.    @BadDNA 

This year many people have been incorrectly answering the question that asks if they are an US citizen living outside of the US, resulting in their tax return underreporting the taxable amount of Social Security income.

I am doing an Online test. I want to confirm some things.   1. I have entered into the Online version (manually) just enough information from your token to duplicate the error message in the state Review.   2. I entered 0 for "Balance of HSA(s) on December 31, 2010, less amount distributed in 2011-2022 (From 2022 Schedule I Health Savings Account Worksheet)".   3. When I got to the review, I got one error for WI: for the WI Schedule I, Part II, line 1a, Col II   4. To fix this in the Review, I entered zero in the box under the text (which put zero on the form). Then the review was clean.   5. For another test, I blanked out the 0 that was for "Balance of HSA(s) on December 31, 2010, less amount distributed in 2011-2022 (From 2022 Schedule I Health Savings Account Worksheet)".   6. In the Review, I got two errors: one for the missing start amount and the second for the WI Schedule I, Part II, line 1a, Col II   7. I was able to fix both of the errors in the Review by entering 0 (zero).   8. So read all this and tell me what you are doing differently...

This thread was asking in regard to Roth conversions.  Transfers of employer plans have nothing to do with Roth conversions.   Transfers of employer plans require coordination between the plans and are typically the result of one employer acquiring another or an employer spinning off a portion of the business.  However, employee-initiated movements of funds between employer plans are done by distribution and rollover, and those rollovers are not permitted to be done until the RMD for the originating account has been satisfied.  Note that CFR § 1.401(a)(9)-7(c) applies only to transfers, not to rollovers.  CFR § 1.401(a)(9)-7(a) applies to rollovers, and that includes Roth conversions.

No, you do not have to wait for TurboTax’s pending update. If your current entries correctly reflect the federal tax‑free treatment of the QTP, Roth rollover and the California taxable adjustment, this should suffice for this year's filing.

Go to the main page of turbo tax click on Other Tax Situations.  Click on Extra tax on early retirement withdrawals; next page click continue; the next page gives you different options; on Other (including over 59. 1/2) I entered the amount I was having to to pay a penalty on and it fixed the problem.

Yes, the obligation to file Form 3520 often continues after a spouse's death, but whether it is required depends specifically on how the property was held and how it was "received" by the wife. Here are some things to consider.   1. Property solely owned by the deceased foreign spouse If the deceased spouse was a foreign person and the surviving spouse inherits foreign assets worth over $100,000, the surviving spouse must file Form 3520 for the year in which they are considered to have received the inheritance. If constructive receipt occurs at death → report in that tax year. If assets transfer later → report in the year of transfer. 2. Jointly held property If the property was jointly owned, the surviving spouse may not be treated as “receiving” the entire property at death. It depends on: The type of joint ownership under foreign law Whether the surviving spouse already legally owned their share Whether the decedent’s share passes automatically or through probate Only the portion treated as a foreign bequest to the surviving spouse counts toward the Form 3520 threshold. 3. Foreign trusts If the deceased spouse was involved with a foreign trust and the surviving spouse becomes:   a beneficiary, a U.S. owner, or a recipient of a distribution, Then Form 3520 may be required regardless of inheritance rules. U.S. persons (including executors of U.S. decedents) must file Form 3520 for foreign trust distributions or ownership  

Wow, what a PIA.  I noticed it removed a string of numbers where it said "removed product key":  That number is:  FIVE*SEVEN*abcd*THREE.   Ignore the "abcd". that is my attempt to get you those numbers.

You're correct, the import for a csv file is not working in TurboTax Desktop, only in TurboTax Online.  You could start an online return, import your csv, save the tax file from online to desktop, then open it in desktop.  However, it will be a new return with just whatever info was contained in the online file.   @dasrust 

 @zoneman2018 when I asked for the backstory, you didn't indicate that you inherited the property!  BIG missing detail.   Under the assumption that your intent was to sell this property faily quickly after you inherited it, then the losses are deductible.     back to your original question:    <<Do I have to use that loss to offset the gain this year, or can I use the exclusion on the gain and continue to carry over the loss to this year, and beyond ?>>   the loss reported when you sold the property in 2024 can be netted against any capital gains you have into the future, and if you don't have any gains to let that loss against, up to $3,000 of the losses can be used each year until consumed to reduce your ordinary income.   you use the exclusion on the gain and then continue to carry over the loss to this year and beyond.