All Posts

Your Required Minimum Distribution (RMD) is the minimum amount you must withdraw annually from most retirement accounts (like Traditional IRAs, 401(k)s) starting at age 73.  It is calculated by dividing your prior year-end account balance by an IRS life expectancy factor, with the amount changing yearly.  Financial institutions often provide calculators and statements, but you will need your account balance and age to find your specific figure.   Figuring the Required Minimum Distribution may be found on page 7 of IRS Publication 510-B.   Google 'RMD calculators' to find a calculator online.   @lindamslinda 

The TurboTax What-if Worksheet is a tax planning tool in the desktop software that allows users to simulate different financial scenarios—such as changing income, deductions, or filing status—to see their impact on tax liability without changing the actual return. It is only available in the downloaded desktop version and can compare up to three scenarios.    I just looked at the What-If Worksheet in a Mac return, copied column 1 figures to column 2, and also found that the worksheet didn't subtract the amounts in 41a through 41e in column 2.   I am reporting this issue for potential investigation. Thank you for raising it in the Community.   If you like, you can also send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Desktop users:   From the black bar at the top of your screen, select Online Click Send Tax File to Agent Click Send on the message that pops up TurboTax will create a "sanitized" copy of your return information with no personal info Post the 7-digit token number here in this thread We will then be able to review your file to see what you are seeing, and we can determine what is going on in your return and provide you with a suggested resolution or update when available.    [Edited 02/02/26| 5:53pm PST]  @FlyingCat  (edited)     

Same thing is showing on mine. It does show the original amount then quickly lowers to equal my state refund. This has to be a TurboTax glitch I'm thinking. Our actual returns going to the irs are still correct after all. 

Q1 - yes Q2 - good Q3 - OK Q4 - OK Q5 - correct Q6 - "For HDHP Type, I said "Family"" Where did you say this? When you see "What type of HDHP coverage did [name] have during 2025?" - you should have answered "[name] had different plan types at different times of the year". It sounds like you answered "Family" for every month of the year? Q7 - correct...   I don't why the 8889-T has "Family" for all months...Sep-Dec should have Medicare/None.   excess contributions - This should apply to your current year contributions. I am concerned that you did not get a message about excess contributions for 2025. I see that you should have had an HSA contribution limit of $7,162.50 after prorating the Family plan and you being 55 or over. Did you contribute more than that?   Your initial question was how much should you withdraw because you were on Medicare the last three months. As I answered, you should not withdraw anything until TurboTax detects your excess contributions, at which point, TurboTax will tell you what the excess is. That would be the amount of excess that you would withdraw.    Are you not seeing this?

Nope, I picked that it wasn't a periodic payment and the review is still asking me for the plan cost at the annuity starting date - it's treating the federal pension like it was an insurance annuity I bought!

You can't issue yourself a W-2 if you are a Self-Employed Sole-Proprietorship.  Do you file something other than Schedule C for the business?  If you only file Schedule C, all the income and expenses for the business is listed on the Schedule C and the profit or loss is your personal income. You can only issue a W-2 to an employee, not yourself as the owner.    If someone else issued to you a W-2, you are their employee and that income would be separate from your self-employment income. 

Sadly, this doesn't answer the question – I'm only talking about Schedule C (not A).   There are two screens when completing Schedule C: First, you enter information for your entire home. Then, you enter information for your home office only.   On that second page, there is a prompt to enter your taxes again for the entire home. Is this a bug? Should I really enter taxes again on the "Home office only" page?    Thank you for clarifying. This truly affects outcomes.

When you set up a business in TurboTax, you are asked to select the type of business you have, on the screen that says Select all that applies to your Business. One of the responses to that question is We rent real estate to others.    Also, when you click on the Federal Taxes menu tab, you will see the option for Rental Real Estate. Once you choose the Rental Real Estate option you will see the menu I referenced above where you can indicate that you rent real estate. Once you do that, your rental entries will appear on Form 8825.

@skbhartiya    If it is a ROTH 401k, then those $$ are included in box 1, but then the box 12 code would be an "AA".   But if box 12 has a code "D" for those contributions, and you are sure the $$ are being included in box 1, then you need to contact your employer to get a corrected W-2....or/and an explanation as to what's going on.   Do not attempt to file until you are sure it's all correct.