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8 hours ago
The 1095-A has an amount listed for column A, all months, premiums and 0.00 for all months in column B. But Turbo refuses to file because it says the 0.00 in column B is incorrect. I am unable to fix...
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The 1095-A has an amount listed for column A, all months, premiums and 0.00 for all months in column B. But Turbo refuses to file because it says the 0.00 in column B is incorrect. I am unable to fix this error. Clicking on 0.00 doesn't help and reloading the form 1095-A also doesn't work. What to do?
8 hours ago
1 Cheer
Yes, you will get another Form 5498 for 2025 - sometime in May as that is when they are typically due to be in your hands. The Form 5498 is just for informational purposes only, so it isn't entered ...
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Yes, you will get another Form 5498 for 2025 - sometime in May as that is when they are typically due to be in your hands. The Form 5498 is just for informational purposes only, so it isn't entered on your tax return anywhere - just file it with your tax records. So no, you won't have anything at all to report for your former Roth IRA account in 2026 as it was closed in 2025. And no, you would not have needed to report the Roth IRA contribution for 2024 because when you started to file your 2024 tax return, you found out that you could not make the contribution for either year which lead to your closing the account and taking a distribution.
It looks like you got all the tax documents that you needed for taking care of the Roth distribution as well as for reporting the dividends from your brokerage account. Just make sure that your Roth distribution is free of tax on your return and enter the 1099-DIV (and all other tax documents) and you should be all set.
8 hours ago
How do I adjust the form size so I can see the entire payment form?
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8 hours ago
Brokerage firm has advised that they will be sending a revised 1099. I have already filed my taxes for 2025 and they have been accepted and I have received refund. Now that I have to file an amende...
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Brokerage firm has advised that they will be sending a revised 1099. I have already filed my taxes for 2025 and they have been accepted and I have received refund. Now that I have to file an amended return due to brokers error, I cannot find the ability to do that on turbo tax due the following instructions: In TurboTax Desktop: Open your original .tax file Go to Online → Amend a Return (1040‑X) There is no option available to select Amend A Return (1040-X) Please advise.
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8 hours ago
MaryK4 Property Division vs. Alimony Property Division (Pension): Pensions earned during a marriage are typically treated as joint assets. A court ordering a percentage to be sent to you is divid...
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MaryK4 Property Division vs. Alimony Property Division (Pension): Pensions earned during a marriage are typically treated as joint assets. A court ordering a percentage to be sent to you is dividing that asset, treating you as a co-owner of that retirement benefit. Alimony (Spousal Support): This is usually designed for support, often terminates upon remarriage or retirement, and in the past, was tax-deductible to the payer.
8 hours ago
Sorry, if you truly had an Identity Protection PIN issued to you be the IRS it would be six digits long.
The 5 digit PIN in the File section of the program can be any 5 digits you select. It i...
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Sorry, if you truly had an Identity Protection PIN issued to you be the IRS it would be six digits long.
The 5 digit PIN in the File section of the program can be any 5 digits you select. It is not Issued to you by anyone.
8 hours ago
Can you please clarify your question?
8 hours ago
If you are still having the issue, follow the instructions in the link below:
Troubleshoot TurboTax Desktop for Windows issues
8 hours ago
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8 hours ago
Yes, if you never made contributions to your IRA while living in Massachusetts, Box 1 will always be "0". Yes, the rollover and all future distributions will be posted to Box 2.
Massachuset...
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Yes, if you never made contributions to your IRA while living in Massachusetts, Box 1 will always be "0". Yes, the rollover and all future distributions will be posted to Box 2.
Massachusetts doesn't allow a tax deduction for a direct contribution to an IRA like the IRS does.
That is the reason for the boxes.
However, payroll contributions to an IRA are deductible in the state.
8 hours ago
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8 hours ago
Please contact our customer service for assistance at 1-888-829-8608.
8 hours ago
If you are asking for the refund advance loan, that program ended at the end of February. Sorry.
8 hours ago
No, the TurboTax 2025 federal tax refund advance was discontinued after 02/28/2026
8 hours ago
1 Cheer
Even if your Traditional IRA has no basis, form 8606 is required by the IRS to calculate the taxable part of your Roth conversions.
See this IRS document, page 2 Who must file?
Form 8606 ...
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Even if your Traditional IRA has no basis, form 8606 is required by the IRS to calculate the taxable part of your Roth conversions.
See this IRS document, page 2 Who must file?
Form 8606 requires you to enter the value of all your traditional IRAs as of December 31, 2025, plus any outstanding rollovers on line 6. So you would need this information. You can access this information from your IRA statement for December 2025, without waiting for form 5498.
8 hours ago
It depends. 1040-X (the Amended Return) is designed specifically to show the math of how you got from Point A (the original return) to Point B (the corrected version). Here is how you should handle t...
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It depends. 1040-X (the Amended Return) is designed specifically to show the math of how you got from Point A (the original return) to Point B (the corrected version). Here is how you should handle this to make sure the IRS doesn't send it back asking for more info. 1. Fill out the "Columns" (Part I) On Form 1040-X, you generally see three columns. This is where you show the $11 difference: Column A (Original Amount): Enter the figures from the return you already filed. Column B (Net Change): Enter the difference (in your case, the adjustment that leads to $11 less in your pocket). Column C (Correct Amount): Enter what the numbers should have been according to your Sprintax report. 2. Address the Overpayment/Tax Due Since you received $13 but should have received $2, you effectively received an "excessive refund." Look at the "Payments" and "Refund" sections of the 1040-X. You will list the $13 you actually received. The form will calculate that you now owe the $11 difference. 3. Part III: Explanation of Changes This is the part the websites were likely referring to. You don't need a legal manifesto here; just be direct. Example: "Original return filed via [Software Name] calculated a refund of $13. After reviewing with Sprintax, the correct refund amount is $2. This amendment is being filed to correct the tax liability/credits and repay the $11 difference." 4. How to Pay Don't just mail the form and wait. To avoid any (tiny) interest charges: Pay Online: Use IRS Direct Pay and select "Amended Return" as the reason for payment. By Mail: You can include a check or money order for $11 made out to the "United States Treasury" with the 1040-X. If you haven’t received the $13 check yet, or if your original return is still being processed, wait until the first return is finished before filing an amendment. This helps keep things clear and avoids issues with overlapping returns.
8 hours ago
Thank you @DaveF1006 , Your suggestion works in execution, but when I completed the return Turbo Tax states that "Returns with a negative amount on Other Income are not eligible for electronic fili...
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Thank you @DaveF1006 , Your suggestion works in execution, but when I completed the return Turbo Tax states that "Returns with a negative amount on Other Income are not eligible for electronic filing". Is there another method? It's disappointing that Turbo Tax made this change, it was much simpler (and clearer) to have the ability to mark the income as Not Attributable to NJ.
8 hours ago
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8 hours ago
If you are still having the issue, please follow the instructions in the link below, whether you are using TurboTax Online or the Desktop version. How do I file my return by mail?