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yesterday
You pay in advance for the desktop download before you can download it. The versions of the download are Deluxe, Premier and Home & Business. All versions of desktop download can prepare a Sched...
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You pay in advance for the desktop download before you can download it. The versions of the download are Deluxe, Premier and Home & Business. All versions of desktop download can prepare a Schedule C for your business expenses; you will get more help with that in the higher versions.
yesterday
Sorry, the limits do not stack. $8550 is the combined maximum as well as your wife's personal maximum. She can contribute $8550 and you nothing, or you can each contribute $4275, or you can divide ...
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Sorry, the limits do not stack. $8550 is the combined maximum as well as your wife's personal maximum. She can contribute $8550 and you nothing, or you can each contribute $4275, or you can divide the limit in any other way that makes the math work.
If you leave the excess in the account, you will pay a 6% penalty this year and every other year until the excess is resolved.
One way to resolve the excess is--assuming you are eligible to contribute next year (2026)--contribute no more than $8750-$4300=$4,450. The excess from 2025 will be applied to the remaining "space" under the 2026 cap. But this will cost you $258 in penalties.
The other, more conventional way to resolve it is to contact the HSA bank and ask to remove $4300 from one of the accounts as an excess contribution. This is a special procedure and probably requires a special form, it is not a regular withdrawal. The bank must return the excess to you with any interest it earned. The interest is taxable income on your 2025 return, but you won't pay the penalty. Then you can contribute the full amount ($8750) for 2026.
MFS will not help at all, you will still have a $4300 excess, plus all the other lost deductions and higher tax rates of filing MFS.
yesterday
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The experience described here is expected to be resolved in a TurboTax update to be released by February 27th.
yesterday
Thank you for the information. I still owe an RMD for 2025, payable by April 1, right? Do I add that 2025 amount (which has already been withdrawn) to the 2026 RMD when I do my 2026 taxes? I won't ge...
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Thank you for the information. I still owe an RMD for 2025, payable by April 1, right? Do I add that 2025 amount (which has already been withdrawn) to the 2026 RMD when I do my 2026 taxes? I won't get another 1099 for the 2025 RMD. I'm very confused.
yesterday
You're wrong. This has been wrong for years! TurboTax, FIX IT! I'M SICK OF SPENDING TIME TRYING TO.
yesterday
Who is "they" who said your state refund would be in your account on 2017? What does it say on the state refund site?
Federal and state refunds come from completely separate entities, There...
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Who is "they" who said your state refund would be in your account on 2017? What does it say on the state refund site?
Federal and state refunds come from completely separate entities, There is no rule as to which one will come first or how much time there will be between their arrivals. Some states process returns quickly and some are very slow.
STATE RETURN
Make sure your state return was accepted: https://turbotax.intuit.com/tax-tools/efile-status-lookup/
To track your state refund:
ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
yesterday
After trying four days I finally got my data imported. + deleted TT from my PC + set Microsoft Edge as default browser (vs Chrome) +restarted PC + reinstalled TT via Edge and opened it + got to ...
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After trying four days I finally got my data imported. + deleted TT from my PC + set Microsoft Edge as default browser (vs Chrome) +restarted PC + reinstalled TT via Edge and opened it + got to import section. A window poped up that I didn't understand what it was talking about but something to do with allowing the import. Not knowing what else to do I accepted it. Import was smooth and complete.
yesterday
Hello @MelindaS1 I believe that I found the root of my problem. Under the " Wages & Income" tab: - 1099-MISC and other Common Income, Tax refunds, 1099-G, 1099-MISC, 1099-NEC,1099-K —- Sta...
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Hello @MelindaS1 I believe that I found the root of my problem. Under the " Wages & Income" tab: - 1099-MISC and other Common Income, Tax refunds, 1099-G, 1099-MISC, 1099-NEC,1099-K —- State and Local Tax Refunds on Form 1099-G —-- Did you get a state or local tax refund in 2025? [Yes / No ] Based on the explanation given for that question, I originally selected "Yes" and input the amount of the refund. I changed that to a "No" and now everything works as expected. It would be fair to say that I should never have entered this in the Wages&Income section. (I certainly won't repeat that mistake in the future.) But in my defense, I'll point out that the explanation in that area is misleading. It says: StateRefundQuery I think the first bullet should say something like “You received a state refund for taxes you filed in a prior year *and* you applied some or all of last year’s refund to pay your 2025 estimates taxes”. I.e., it should not use the word "any". Thank you for all your help in this. Without it, I wouldn't have learned how to track all this down in order to diagnose.
yesterday
2025 TurboTax Home / Business Had a stock hit Chapter 11 mid year. Brokerage's summary printout shows NO 1099-B activity and Worthless stock was "not reported" Brokerage's supplemental notes in...
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2025 TurboTax Home / Business Had a stock hit Chapter 11 mid year. Brokerage's summary printout shows NO 1099-B activity and Worthless stock was "not reported" Brokerage's supplemental notes instruct owners of the worthless stock to "Report on Form 8949, Part II, and check box F" "F" means there is no 1099-B issued and it's not a Digital asset. On the brokerage's supplemental page, there is $0 cost basis, the quantity of shares etc. So my run at this I try to complete a 1099-B and per TT instructions so I leave the cost basis blank on the 1099-B (Box 1e) but the field below I check that the "Cost Basis is incorrect or missing on my 1099-B" which by being an 8949 Type "F" is not a real issued 1099-B - only figures from the brokerage's supplemental notes and pages. Then I think TT asks a series of ? and one of them is "Is this stock worthless?" I check YES. TT then confirms the cost basis and asks if I want to change the cost basis on a subsequent prompt. I select YES. Then TT allows me to enter my actual Cost Basis for the worthless stock. (This is where I think it is broken.) However, TT does not appear to insert the cost basis anywhere on Form 8949, Section 2 when "F" is selected. I think this is where TT may be broken? The cost basis should included on 8949. The only 2 ways I can make the cost basis (loss) appear on 8949 is to check Box E (which means it was reported to the IRS on issued 1099-B), which is NOT what the brokerage's instructions are: "use 8949 Box F." OR if I enter the costs basis on the original 1099-B box 1e line vs leaving it blank and then letting TT ask me if I want to update the cost basis a screen or so later. Both routes will put the loss on the 8949. Finally, I hit forms and "overrode" the 8949 cost basis. Then, TT flags the form as ! RED unhappy and flags the entire return and pages as "Needs Attention". I think the workflow is wrong. Even if I'm using 8949, Box F, TT should accept the stock's basis on that 2nd question and show that as a loss on 8949, Section II. All I get is $0.00 for the sales, $0.00 for costs. Please confirm this is a bug and how to correct it or work around or is there a fix OTW? Thank You. G. Mobley
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yesterday
@AnnetteB6 (Employee Tax Expert) responded in other threads the following "The experience described here is expected to be resolved in a TurboTax update to be released by February 27th."
yesterday
I entered the rebate as a 1099-G and that section of TurboTax said it wasn't taxable income. However, the Smart Check at the end says it isn't and wants me to recalculate.
yesterday
It's 2025 AND THIS IS THE SAME PROBLEM! COME ON TURBO TAX, FREAKIN FIX IT. FIX IT. FIX IT.
yesterday
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yesterday
I am having the same issue. The tool is greyed out, I then cleared cache and cookies and still no go. When will this form be done?
yesterday
It doesn't work! Hasn't worked for years (as I have noticed!). PLEASE FIX THIS!!! You have competition now! Fix it for god's sakes!
yesterday
Yes, there are limitations, but they are more flexible than a flat amount.
There is a limit to how much money you can deduct for church donations. It's usually 60% of your adjusted gross income ...
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Yes, there are limitations, but they are more flexible than a flat amount.
There is a limit to how much money you can deduct for church donations. It's usually 60% of your adjusted gross income (AGI).
Donations of property or appreciated assets are usually limited to 30% of AGI.
Amounts exceeding these limits can be carried forward for up to five years
yesterday
There is no maximum gift to charity. If your total gifts are more than 20%, 30% or 60% of your income (depending on the type of charity) there may be a limitation requiring you to carry forward part...
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There is no maximum gift to charity. If your total gifts are more than 20%, 30% or 60% of your income (depending on the type of charity) there may be a limitation requiring you to carry forward part of the deduction to next year. But that situation is uncommon.