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The 1099-Q is associated with my adult child SS#.  I explained the issue discussed on this community chat with my son.  The tax return will be filed without reporting the 1099-Q.  Will keep records a... See more...
The 1099-Q is associated with my adult child SS#.  I explained the issue discussed on this community chat with my son.  The tax return will be filed without reporting the 1099-Q.  Will keep records and TurboTax advice.  Having said this, the TurboTax software should be able to handle properly the1099-Q for QTP to ROTH IRA rollover under Secure Act 2.0.  This lack of capability leaves me wondering what legacy Turbo Tax software coding makes it so difficult to implement.  Must be a coding mess like a "pile of spaghetti'... good luck figuring out how thing connect. 
Your deduction for sales tax on a vehicle is limited to your local sales tax rate. Sales taxes on motor vehicles are deductible as a general sales tax even if the tax rate was different than the... See more...
Your deduction for sales tax on a vehicle is limited to your local sales tax rate. Sales taxes on motor vehicles are deductible as a general sales tax even if the tax rate was different than the general sales tax rate. However, if you paid sales tax on a motor vehicle at a rate higher than the general sales tax, you can deduct only the amount of the tax that you would have paid at the general sales tax rate on that vehicle.  See Motor vehicles.
How do I indicate in Turbotax that a Schedule K-1 is subject to the Net Investment Income Tax and should appear on Form 8960?
Form SSA-1099SM is the "Self-Mailer" version of the Social Security Benefit Statement (SSA-1099).  It reports Social Security benefits, tax withheld, and Medicare premium deductions.  
I am getting this same error.  The form 1099-R is showing a state tax withheld in box 14 amount of $3000 but box 16 is blank.  Something is not right.  Please help.
We unexpectedly received the royalty payment in December 2025, (due to probate results).  Now, I am trying to complete the Ohio return and it says we will owe a penalty for not paying estimated incom... See more...
We unexpectedly received the royalty payment in December 2025, (due to probate results).  Now, I am trying to complete the Ohio return and it says we will owe a penalty for not paying estimated income taxes for Ohio.  We did not know we were going to have this income from Ohio royalty payment, so we could not have known to pay estimated state income taxes.  We did make federal estimated income tax payments for wages where we live in Texas, but no state payments because Texas has no state income tax.  How can we be liable for not making estimated income tax payments for something we received at the end of December that we were not expecting?   Also, Turbo Tax is saying that we can deduct depletion from the royalty in addition to the advalorum and other things the producer deducted from our payment.  I thought we could not deduct depletion when we are not the producer, just one of many mineral rights holders who received their portion of royalties, (after production expenses and taxes deducted).  Can we deduct depletion?  Can I also deduct depletion on royalties for a non-participating interest of mineral rights ownership in Texas?
Okay, I got it to work.  I exited and logged back into turbotax.  I deleted the 1099-Q and 1098-T forms.  I then checked "Forms" view for errors - didn't see any.  I then e-filed with no issue.  Not ... See more...
Okay, I got it to work.  I exited and logged back into turbotax.  I deleted the 1099-Q and 1098-T forms.  I then checked "Forms" view for errors - didn't see any.  I then e-filed with no issue.  Not sure what was the issue before regarding my college kids dependency forms. 
@dmertz - Sorry, don't know why I read your post as mentioning the self-employed health insurance deduction when you were talking about self-employed retirement.   I DID make a contribution to my own... See more...
@dmertz - Sorry, don't know why I read your post as mentioning the self-employed health insurance deduction when you were talking about self-employed retirement.   I DID make a contribution to my own SEP IRA (not one provided by any employer).  I didn't know that that counts as a "workplace retirement plan"!    Info I found: If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "single" filing status. Single – your MAGI can be anything and you can deduct the full amount, IF you are not covered by a retirement plan at work ** Single but covered by a workplace retirement plan - phaseout starts at $79k, no deduction after $89k.   ** Your own SEP IRA counts as a workplace retirement plan (or "employer-sponsored plan") for tax purposes, even if you are self-employed. According to the IRS, participating in a SEP IRA means you are considered covered by a retirement plan at work, which may limit the deductibility of contributions to a separate, traditional IRA. You can still contribute to an IRA, but you can't deduct it.   Aggravating, but I understand now.  
An entry may have been made inadvertently that caused TurboTax to create a form that you don't need.    Here's the procedure for deleting unwanted forms, schedules, and worksheets in TurboTax Onl... See more...
An entry may have been made inadvertently that caused TurboTax to create a form that you don't need.    Here's the procedure for deleting unwanted forms, schedules, and worksheets in TurboTax Online:   Open or continue your return in TurboTax. In the left menu, select "Tax Tools" and then "Tools". In the pop-up window Tool Center, select "Delete a form". Select "Delete" next to the form you wish to delete. If you are using a Desktop product, go to Forms Mode by clicking on Forms at the top menu. You can either browse the forms or select Open Form and enter information to help TurboTax find the form. When the form is selected, you can click Forms from the top menu and then Delete (name of form).    
please let me know how to remove charge of $45.00 for audit defense, I don't want this, I didnt ask for it. Margarita Schickley
I sold my Rental Property and TurboTax Premier is not generating Form 8582 although it is populating the correct total losses (over years owned) on Schedule E line 22, which states "Deductible rental... See more...
I sold my Rental Property and TurboTax Premier is not generating Form 8582 although it is populating the correct total losses (over years owned) on Schedule E line 22, which states "Deductible rental real estate loss after limitation, if any, on Form 8582" implying form 8582 is required. Is this a TurboTax error or is form 8582 not required in year sold? Since Schedule E states "on Form 8582" I would think the IRS would require it, especially since prior year losses are not on any other form.
I owed to insurance over $55k of the $64k received. Turbo Tax Deluxe didn't ask about any such payment. It also flags my lump sums for previous years as errors. I'm lost.
you frustrated?  I removed the 1099-Q and 1098-T forms for my 2 college kids as suggested by others (the tax amount is correct).  However, when I tried to file, it said I had 2 errors (1 per kid) reg... See more...
you frustrated?  I removed the 1099-Q and 1098-T forms for my 2 college kids as suggested by others (the tax amount is correct).  However, when I tried to file, it said I had 2 errors (1 per kid) regarding dependent status of my two students.  What to do?  So stupid.  This happens almost every year.  
TurboTax pricing reflects the additional features included, such as step-by-step guidance, accuracy guarantees, and access to live tax experts in certain versions.   The cost also varies dependin... See more...
TurboTax pricing reflects the additional features included, such as step-by-step guidance, accuracy guarantees, and access to live tax experts in certain versions.   The cost also varies depending on the complexity of your return and the product you choose. If your return is simple, you may qualify for TurboTax Free Edition, which covers basic federal returns at no cost.
Can't find form 1099-S (received from the escrow company) to enter in turbotax with the proceed from sale of 2nd home. Does 1099-S become 1099-B by turbotax?   I entered thru wage/income, clicked 10... See more...
Can't find form 1099-S (received from the escrow company) to enter in turbotax with the proceed from sale of 2nd home. Does 1099-S become 1099-B by turbotax?   I entered thru wage/income, clicked 1099-S, but it somehow turns into 1099-B?  no place to enter payer's name/ tax ID/address either??! Thanks for help!
Thank you, your instructions worked! I ended up downloading Turbo Tax desktop instead and cancelled the existing online prefiling. Doing this cost less than filing through the online program.  I appr... See more...
Thank you, your instructions worked! I ended up downloading Turbo Tax desktop instead and cancelled the existing online prefiling. Doing this cost less than filing through the online program.  I appreciate your help!