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yesterday
Also guys .. dont forget to go on the irs website to update your bank account info.. get ahead because I am just receiving the letter today and I’ve had my refund for 2 weeks now
yesterday
Hey guys ! I am so sorry for those who haven’t gotten it yet, I highly believe it was the turbo tax agent that actually got the ball rolling, I have spoken with 11 agents in total .. all with differe...
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Hey guys ! I am so sorry for those who haven’t gotten it yet, I highly believe it was the turbo tax agent that actually got the ball rolling, I have spoken with 11 agents in total .. all with different answers and solutions .. but the last agent.. he stayed on the phone with me for 3hrs straight looking into my account, going back n forth with supervisors and even when supervisors tried to push everything on Cross River , he stood he’s ground ,he was amazing,i remember him sending emails to cross river demanding that they send the funds back immediately as well, after we hung up, i gotten an email from turbo tax stating that it was sent back .i will say this, things are moving SLOW because of Turbo Tax, the agents aren’t trained and neither are the supervisors ..keep calling and demanding, one of the agents will get it right, cross river needs the okay from turbo tax to send it back and they are lying if they say otherwise ..the other thing is , I don’t know what he emailed to them exactly but I promise it’s turbo tax in control.. remember file the trace form with the irs, I believe it’s 3911 and KEEP CALLING
yesterday
1 Cheer
@leeleses Are you including the 14,400 IRA cash out in the 25,000 pension amount on line 5b? IRA goes on line 4a and 4b. So it you add the IRA withdraw that may change a lot. Also how old w...
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@leeleses Are you including the 14,400 IRA cash out in the 25,000 pension amount on line 5b? IRA goes on line 4a and 4b. So it you add the IRA withdraw that may change a lot. Also how old will you be in 2026 (on 12/31/26)? If you are 65 or older you will get an Extra 6,000 Senior Deduction in addition to the Standard or Itemized Deductions. For 2026 NEXT YEAR the standard deduction amounts are: Single 16,100 + 2,050 for 65 and over or blind (18,150) Are you using the Desktop program? Desktop has a What-If worksheet that uses 2026 tax rates that you can play with.
yesterday
The only way a SEP IRA would be associated with income on your tax return would be if you took a distribution from it. I suggest you look on your Form 1040, on line 4(b) to see if a taxable IRA distr...
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The only way a SEP IRA would be associated with income on your tax return would be if you took a distribution from it. I suggest you look on your Form 1040, on line 4(b) to see if a taxable IRA distribution appears there. If so, then you can delete the 1099-R entry that created it by following these instructions:
Follow these instructions:
1. Choose the Tax Tools option on your left menu bar while working on your return
2. Choose Tools
3. Choose the Delete a form option under Other Helpful links
4. Find the Form 1099-R entry in the list and delete it
If you don't see a taxable amount in line 4(b), then it should not be an issue on your tax return.
yesterday
If you are seeing an error 25300 in your Desktop program, try forcing a switch back to "Step-by-Step." Go to File at the top left of your TurboTax screen (in the black bar that goes across your scre...
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If you are seeing an error 25300 in your Desktop program, try forcing a switch back to "Step-by-Step." Go to File at the top left of your TurboTax screen (in the black bar that goes across your screen) and then click on Electronic Filing and the click on File electronically.
If this does not work, make sure your program is updated by clicking on Online at the top left of your TurboTax screen (in the black bar that goes across your screen) and then click on Check for Updates.
Also, close your TurboTax program completely and then restart your computer. This will clear any stuck data.
You can also try temporarily disabling your antivirus software, which may block necessary files.
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
yesterday
You won’t get your official 1099-R until early 2027, but you’ll need to report this income on your 2025 return now. Here are the exact steps for reporting each piece on your 2025 return:
Step 1...
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You won’t get your official 1099-R until early 2027, but you’ll need to report this income on your 2025 return now. Here are the exact steps for reporting each piece on your 2025 return:
Step 1: Report the Traditional 401(k) Excess
Because this amount was "pre-tax," it was excluded from your W-2 Box 1. You must now include it as wages.
Look for the "Wages & Income" section. Instead of just adding it to your W-2, look for "Less Common Income" -> "Miscellaneous Income" -> "Other income not already reported on a Form W-2 or Form 1099."
When prompted for a description, enter "2025 Excess 401(k) Deferral."
The Amount: Enter only the principal excess contribution amount.
Result: This ensures the amount lands on Form 1040, Line 1h, which tells the IRS, "I had extra wages that weren't on my W-2."
Step 2: Report the Roth 401(k) Earnings
Since the Roth contribution itself was already taxed (it’s already in your W-2 Box 1), you do not report the principal. You only report the taxable interest/earnings generated by that excess.
Where to enter: Use the exact same "Miscellaneous Income / Other income not reported on a W-2" path used in Step 1.
The Description: Enter "2025 Excess Roth 401(k) Earnings."
The Amount: Enter only the earnings/interest portion.
Note: Per IRS rules, for a timely correction, Roth earnings are taxable in the year the contribution was made (2025).
Step 3: Dealing with Traditional 401(k) Earnings (The "Wait" Part)
Don't report these now: Unlike Roth earnings, earnings on a Traditional 401(k) excess are generally taxable in the year they are distributed (2026).
Action: You will report these on your 2026 tax return (filed in 2027) once you receive the actual 1099-R.
yesterday
1 Cheer
Hope you saw my other post to you. One Schedule C, same as you have done previously using code 711510. No start-up cost, this is all ongoing income and expenses.
Your LLC is a disregarded entit...
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Hope you saw my other post to you. One Schedule C, same as you have done previously using code 711510. No start-up cost, this is all ongoing income and expenses.
Your LLC is a disregarded entity by the IRS, so there is no before LLC and after LLC. You also don't need to track your income and expenses for your Schedule C based on Show 1, Show 2, etc. You may want to do that for your own information, but on the Schedule C all your income and expenses are based on the year, not per production.
yesterday
I paid for State e-file before it was stated e-file wasn’t accepted and I have to file by mail. How do I get a refund for State e-file?
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yesterday
if you're referring to Treasuries etc then 1099-BOX 3 (less premium or adjustments) and 1099-DIV amount from Box 1a that you specify as "US Government Obligations" should flow through to state return...
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if you're referring to Treasuries etc then 1099-BOX 3 (less premium or adjustments) and 1099-DIV amount from Box 1a that you specify as "US Government Obligations" should flow through to state returns as subtraction automatically so check what is already subtracted, generally you should not have to do this manually (not familiar with DC state program if there is any sort of issue with this)
yesterday
I'm doing a friend's tax return in Turbotax Desktop. There were excessive HSA contributions that carried over from 2024TY into 2025TY. She got busy and didn't get her remaining excess withdrawn in 20...
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I'm doing a friend's tax return in Turbotax Desktop. There were excessive HSA contributions that carried over from 2024TY into 2025TY. She got busy and didn't get her remaining excess withdrawn in 2025 calendar year. As a result the excess is showing up on the HSA screen with the $40 tax on the 2025 return I am working on right now. In April she contacted the company managing the HSA and requested they withdraw the remaining excess before the April 15 deadline, which they evidently did. How do I enter this excess withdrawal done in April of 2026 and get it applied to the return for 2025 so that we are at zero with the ex and also zero on the 6% tax? Can someone give me the EXACT, STEP BY STEP directions on how to get this done and I am running into dead ends on my Google searches for her situation. I must be missing something very simple but could use help with the specific instructions, beyond what I am finding online. Thanks in advance for any help. Here is the "Your HSA Summary" screen Here's what we have for your HSA. You can make any changes if needed. Deduction $1,119 Total distributions $3,029 Taxable distributions $0 Taxable earnings on excess contributions $0 Tax-free company contributions $3,181 Excess company contributions withdrawn $0 Where could I enter the "excess contributions withdrawal" that she just did that would reduce her down to zero and thus make the 6% tax also go away. There is a zero on the excess company contributions and I want to have $671 in there which is what the HSA company pulled out and distributed to her in 2026 as excess contributions from previous years. How do I enter that withdrawal made in 2026 (1st quarter) and get it applied to the 2025 tax year? Do we enter a second 1099-SA with the withdrawal amount of $671 and enter "2" in the box to signify excess withdrawal. This is driving me crazy!
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yesterday
Please disregard previous post.
yesterday
thank you scottdc1. The same thing happened in my 2025 taxes. AArrrgggg
yesterday
File / New Tax Return
yesterday
You are correct, to use Desktop you need a license number. If TurboTax Online is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and ...
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You are correct, to use Desktop you need a license number. If TurboTax Online is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser.
On the app: force-quit and reopen; update the app; restart your device; ensure storage and network are OK; try switching Wi-Fi/cellular. If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.
yesterday
@PatriciaV Thanks for the update. Will that be for both Online and Desktop at the same time? Or do you prioritize the Desktop version?
yesterday
I am in the correct section, and you are correct, there is no spot for an address. The request for an address comes up when running the check at the end.
yesterday
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yesterday
I’ve already paid but haven’t transmitted now I don’t want file with turbo tax
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yesterday
I only received serverance compensation (not eligible to contribute) to 401K in 2025 as well as unemployment and capital gains as income. My MAGI was under $236k why does Turbotax indicate that i can...
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I only received serverance compensation (not eligible to contribute) to 401K in 2025 as well as unemployment and capital gains as income. My MAGI was under $236k why does Turbotax indicate that i can't contribute to Roth IRA?
yesterday
Hello , I need help with this situation. I invested in LSSC ((Lightning Shared Scooter Co.) which was a fraudulent company. So I lost money. To purchase LSSC I had to buy USDC on Coinbase then trans...
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Hello , I need help with this situation. I invested in LSSC ((Lightning Shared Scooter Co.) which was a fraudulent company. So I lost money. To purchase LSSC I had to buy USDC on Coinbase then transfer the crypto curentcy to the LSSC platform to make ma purchase. I was not able to buy the USDC directly from my Coinbase account due to amount limitation. So I Zelle the money to my friend to place my order. I don't have any tax form for that loss. How can I report it. Thank you