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Is this for a IRA?   It’s not an exception for a 401K.   If you qualify as a "first time home buyer", the first $10,000 IRA withdraw can be exempt from the 10% penalty for early withdrawal.  And that is for each spouse's withdrawal.  You will still pay regular income tax.  Any amount more than $10,000 that you withdraw will be subject to the penalty and the income tax.   After complete the Form 1099-R there will be a series of screens asking question based on what you entered.  One of the screens will be for exceptions to the 10% early withdrawal penalty. 

@AMJ3 April 12, 2026, 4:30 PM CST.  I have the latest TurboTax Premier 2025, desktop version for Windows. The problem IS NOT fixed for Fidelity. I ask TurboTax to import ONLY ONE of the several Fidelity accounts I have. It wipes out ALL previously imported Fidelity accounts' data and then imports the only one I asked it to.   It appears Intuit refuses to fix this bug, and they refuse to tell us why.  

In TurboTax Online, access IRS form 8606 by following these steps:    Down the left side of the screen, click on Federal. Down the left side of the screen click on Deductions & credits. Scroll down to Retirement and Investments, click the down arrow to the right. Click Start/Revisit to the right of Traditional and Roth IRA Contributions. After several screens, answer Yes at the screen Traditional IRA's and the question Did you have any nondeductible IRA contributions?

If your business has not generated income since 2023, you generally do not need to report it on your 2025 tax return unless you are claiming expenses.    TurboTax sometimes carries over information from the previous year.   If you have additional information or questions regarding this, please return to this post in TurboTax Community and provide it, we would be glad to help.

The exception to the 10% early distribution penalty for the purchase of a new home is only available if the distribution is from an IRA. Enter your Form 1099-R and go through all the screens after entry of the 1099-R and you will come to a screen asking about exceptions to the early distribution penalty.

I have an account with turbotax from last year. I bought 2025 from Office Depot, I trying to load it in my computer ( apple) I can't get to the page the ask you for your license code, so I can't load the new 2025 turbotax  

If this should have been wages, and you didn't get a W2, you can file Form 4852 (substitute W-2) instead. You must attempt to obtain a W2 before filing. You’ll estimate wages and withholding using pay stubs, and you can check your  IRS wage and income transcript to see if it was reported to the IRS.    How do I file a substitute W-2 using Form 4852?    

You have to pay the TurboTax online account fees if you want to view/print the state tax return   To pay the TurboTax online account fees by credit card, without completing the 2025 return at this time, click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return. On the next page, to pay by credit card, click Pay Now. Complete the credit card section and click on Confirm payment.

For 2025, the IRS has imposed no requirement on employers to report Qualified Overtime.  There is no uniformity in how or whether it is reported.    You may find overtime reported on the last paystub for the year of 2025.  You may find it in box 7 or box 14 of the W-2.  Or it may not be reported at all.    However, many employers will report Qualified Overtime on the W-2. If the Qualified Overtime is reported on your W-2, follow these steps.   At the screen Let's check for other situations, select Overtime.  Continue.    At the screen Let's see if your overtime qualifies as tax-free, select either:    Help me calculate my eligible overtime. No help needed-I know what to enter. For the Qualified Overtime Deduction:      Maximum annual deduction is $12,500 ($25,000 for joint filers). Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers). The deduction reduces federal income tax liability, it does not exempt overtime pay from Social Security and Medicare taxes.  Employees will still owe these taxes on their overtime earnings. Taxpayers filing as married filing separately are not eligible for the deduction. The deduction is available for both itemizing and non-itemizing taxpayers. See this TurboTax Help.  

The TurboTax Online Free Edition does not support detailed local tax adjustments like changing days worked in a city for local income tax. Such specific local tax adjustments typically require TurboTax Deluxe or higher, where you can access and modify local tax details. If you need to adjust local tax days for your city, you would likely need to upgrade to a paid TurboTax version that supports those features.

It includes your dependents.   Here's a post on the five main points on the 1098-T tax form issued by colleges: https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114