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yesterday
I have Turbo Tax online for 2025. How do I begin a new tax return for a different family member?
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yesterday
How do I get back to my 2024 tax return to finish it?
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yesterday
Thus, I can't e-file. How can I correct this?
yesterday
Thank MelindaS1, but the forms lookup table does not return Form 3885L as a form that is currently available. Nor does it show up when I search Forms in My Return. Can you post a link or a scree...
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Thank MelindaS1, but the forms lookup table does not return Form 3885L as a form that is currently available. Nor does it show up when I search Forms in My Return. Can you post a link or a screen shot? And do I really need to include the 3885L with the 568 that I have to mail in? The value that would appear on the 3885L does not actually appear on any of the pages of the 568 that TT printed to mail. Thanks, Stan
yesterday
Can I deduct TurboTax cost?
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yesterday
Yes, you are correct. The following instruction will allow you to enter your options, which is by selecting Stock (non-employee) so that all the fields can be utilized, This will apply the gain accur...
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Yes, you are correct. The following instruction will allow you to enter your options, which is by selecting Stock (non-employee) so that all the fields can be utilized, This will apply the gain accurately in your tax return.
yesterday
If your IRA contributions are not being registered as deductible/nondeductible in TurboTax as you are expecting, you can try the following to correct that:
Click on Search at the top right o...
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If your IRA contributions are not being registered as deductible/nondeductible in TurboTax as you are expecting, you can try the following to correct that:
Click on Search at the top right of your TurboTax screen
Type IRA contributions in the search box
Click on the link Jump to IRA contributions
Follow through the screen and answer the questions carefully
On the screen that says YOURNAME's Traditional IRA's it should show your deductible contributions and it asks Deductible Contributions elected non-deductible make sure you fill/not fill in the box correctly
Keep in mind:
IRA contributions may not be tax-deductible if you or your spouse are covered by a retirement plan at work (like a 401(k)) and your income (MAGI) exceeds IRS limits. For 2025-2026, single filers with a MAGI of $91,000 or more cannot claim a deduction if covered by a plan at work.
Traditional IRA deductions phase out with a Modified Adjusted Gross Income of $81,000–$91,000 (for Single filers) or $129,000–$149,000 (For filers filing Married Filing Jointly) See IRS Pub 590-A
If you cannot take a deduction, you are still allowed to make the contribution (non-deductible IRA contribution). These require filing IRS Form 8606 to track the basis, otherwise, you may be taxed twice on that money
If you are not covered by a work plan and are not married to someone who is, your traditional IRA contribution should be fully deductible.
See also:
Deductions Allowed for Contributions to a Traditional IRA
Where do I enter my traditional or Roth IRA contributions?
Please return To Community if you have any additional information or questions and we would be happy to help.
yesterday
It's not advisable to save TurboTax files while you're working with them anywhere but the C drive. After you've filed, you can save copies to a removable drive, but leave a backup copy in Documents ...
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It's not advisable to save TurboTax files while you're working with them anywhere but the C drive. After you've filed, you can save copies to a removable drive, but leave a backup copy in Documents > TurboTax. You may have backups in there now, with a tilde sign in front of them.
@Sschroeder604
yesterday
I've got a yellow line I can't correct. This keeps me from filing.
yesterday
Contributions you make to a Solo 401(k) can be deducted from your self-employment income. Here’s how to enter your Solo 401(k) contributions in TurboTax:
Navigate to the self-employed retireme...
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Contributions you make to a Solo 401(k) can be deducted from your self-employment income. Here’s how to enter your Solo 401(k) contributions in TurboTax:
Navigate to the self-employed retirement plans section:
TurboTax Online/Mobile: Go to self-employed retirement plans, under Wages & Income, choose Other Business Situations, then select Start next to Self-Employment Retirement Plans.
On the Self employed retirement plans screen, answer Yes to the question, Did you make a 2025 self-employed retirement plan contribution?
Answer Yes to Did you contribute to an Individual or Roth 401(k) plan?
On the next screen, Individual and Roth 401(k) plans, enter your Elective Deferrals and any Catch-Up Contributions you made in 2025.
Enter your Employer Matching (Profit Sharing) Contributions for 2025.
Note: There's no Employer Matching box for Roth 401(k)s because any matching employee contributions are pretax.
If you haven’t made all your contributions for the tax year and would like TurboTax to calculate your maximum contributions for the year, select Yes next to Maximize Contribution to Individual 401(k) and Continue.
On the Adjusting Self-Employment Income screen, enter any changes you'd like to make to your self-employment income as it’s been calculated by TurboTax (this is rare). Enter a positive number if you’re adding an amount, and a negative number if you’re subtracting.
Select Continue.
If you checked the box next to Maximize Contribution to Individual 401(k), you’ll see Your Self-Employed Retirement Deduction. This screen shows the maximum amount you can contribute to your Solo 401(k) for the tax year.
Answer the questions on the following screens, until you reach Your Retirement Contributions. This is a summary of the contributions you’ve made to your Solo 401(k) during the tax year.
If this page shows an excess contribution, you must withdraw the amount listed by the plan due date or face a tax penalty from the IRS.
If this page shows an amount to contribute by plan due date, you can still contribute the amount listed to your retirement plan before you max out your contributions, provided the due date hasn't already passed.
These instructions can be found in this help article.
yesterday
To generate IRS form 5329 to report an exception to the 10% penalty for early distribution, follow these steps:
After entering the IRS form 1099-R, you should see the screen Let's see if we ...
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To generate IRS form 5329 to report an exception to the 10% penalty for early distribution, follow these steps:
After entering the IRS form 1099-R, you should see the screen Let's see if we can lower your tax bill.
At the screen Identify the plan, tell the software what kind of plan the distribution was from. Click Continue.
At the screen These situations may lower your tax bill, enter the dollar amount next to the appropriate exception. Click Continue.
At the screen Good news: your tax bill just got lower, the IRS form 5329 has been generated
See also this TurboTax Help.
yesterday
I think what started all this is I rolled over my employer 401k contributions to my personal IRA last year and thought the application code would be able to handle this this common scenario but I'm at...
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I think what started all this is I rolled over my employer 401k contributions to my personal IRA last year and thought the application code would be able to handle this this common scenario but I'm at a loss on why it's not fixed yet.
Here's the full Description of error:
If Form 1040, 'IRADistributionRolloverInd', 'IRADistributionQCDInd' or 'IRADistributionOtherInd' is checked, then 'IRADistributionsAmt' or 'TaxableIRAAmt' must have a non-zero value.
What needs to be done:
This return cannot be filed at this time due to a processing error that will be corrected on March 13, 2026. On or after this date, open the rejected return, review it for errors, and resubmit the return for electronic filing.
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yesterday
If you filed jointly last year, the IRS considers you as a single taxable entity, and you have the same AGI. Which would be Box 11 of your Form 1040, as you stated above. You can try deleting and re...
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If you filed jointly last year, the IRS considers you as a single taxable entity, and you have the same AGI. Which would be Box 11 of your Form 1040, as you stated above. You can try deleting and re-entering the amount. A rejected return can count toward the 5 e-files for TurboTax Desktop. Some things to check: If you filed late last year (after mid-November) or your return was processed after that time—try entering a 0 for your spouses AGI. If you amended your tax return last year, make sure you’re using the AGI from your original return, not the amended one. If you rounded to the nearest dollar amount, make sure to round up when it’s 50 cents or more and down when it’s 49 cents or less. If you filed jointly, both you and your spouse have the same AGI. Don't enter 0 for one of you. If you entered the amount correctly and you continue to get a reject, you won't be able to e-file. There may be a data mismatch at the IRS. If you have to file by mail: How do I file my return by mail? You can contact TurboTax Customer Support using this link: Turbo Tax Customer Support, to inquire about your e-file status. Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
Yes, the software is reporting your land as a depreciable asset - section 1250. Since the section 1250 flows through the 4797 part III to sch D, we need to get the land moved. Land is sec1231 and nee...
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Yes, the software is reporting your land as a depreciable asset - section 1250. Since the section 1250 flows through the 4797 part III to sch D, we need to get the land moved. Land is sec1231 and needs to be on 4797 part I. You want the more favorable tax rate. Since you broke out the land in the house sale and the program missed it, you need to break up your asset into 2 entries.
Edit your asset and take out the land value, sale, all things related to the land. This leaves the house, depreciation, and sale.
Add a new asset - land, select land, non-depreciable, enter your original cost. Sell the land.
yesterday
They're not listed under my self-employed work summary / within that line of work and its expenses.
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yesterday
Follow these steps to report the details of the sale of the rental property.
yesterday
It's sounds like you might have entered the sale in the wrong place. On the screen that asks for the investment type, click "Other (land, second homes, personal items)."
yesterday
Please note: As of 2025, if you do NOT sign all the processing documents, you cannot file electronically or access your tax return documents. I just found out the hard way.
yesterday
Please use the link below to begin your entry of the 1099-R form you received. It will be the first box titled 'Financial institution or other provider (1099-R)'. Continue to follow the screen prompt...
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Please use the link below to begin your entry of the 1099-R form you received. It will be the first box titled 'Financial institution or other provider (1099-R)'. Continue to follow the screen prompts.
Where do I enter Form 1099-R?
If you do not have a Form CSA-1099-R or a CSF-1099-R, then there is no other selection in your situation.
@paul-b-kopacz
[Edited: 03/16/2026 | 3:12 PM PST]