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Hi DoninGa...my return has been accepted but not processed...I already paid 2400 dollars from my bank account which I will most likely get most if not all back...can I begin my amendment now or do I have to wait for the complete process and then try to get my money back?

In TurboTax Online, you can enter the sale of land by following these steps:   Open your tax return Click on Federal in the left-hand column, Then on Wages & Income choose Investments and Savings and click on the down arrow on the right Click on Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) Did you sell any investments? yes Did you receive a form 1099-B or brokerage statement?  No Select Other (other investment purpose) from the list of investments. Follow the TurboTax interview to enter your information. You will enter the total adjusted basis as the basis of the land. If you incur sale expenses, you can subtract them from the proceeds.

You cannot recharacterize a contribution after the due date. Therefore, you cannot move the funds to a traditional IRA via recharacterization. To avoid the 6% penalty in future years you will have to remove the excess contribution. You then can make a new Traditional IRA contribution for 2024 or 2025.    You will have to pay the 6% on your 2024 tax return since cannot apply the excess contribution as a 2024 contribution and didn't remove the excess by December 31, 2024.   To remove the excess contribution you will take a regular distribution of $5,777.66 (without earnings) since it is after the due date of the 2023 return. You will get a 2025 Form 1099-R with code J (if you are under 59 1/2) and this will be entered next year on your 2025 return and resolve the excess contribution:   Click on "Search" on the top and type “1099-R”  Click on “Jump to 1099-R” and enter all your 1099-Rs Click "Continue" on the "Review your 1099-R info" screen Answer all the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen (include the excess contribution here) On the "Do you have any Excess Roth Contributions" answer "Yes" On the "Enter Excess Contributions" screen enter the total excess contribution from 2023.   No, you do not have to pay the 10% early withdrawal penalty since you can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free.    [Edited 4/2/2025 | 5:51 am PST]

If you are using TurboTax Online, you need to use TurboTax Premier or above to report the sale of your rental home.    If you are using TurboTax Desktop, then any version can handle it.   To report the sale of your rental home, please follow the instructions in this TurboTax Help article.

@ haridarshana  You cannot move a started 2024 return from the desktop product to Online TurboTax without starting over, if that's what you are wanting to do.   You can only transfer last year's 2023 data file from the desktop into 2024 Online TurboTax.       To switch from 2024 desktop Premier to Online, you'd have to start over in Online TurboTax and would be charged again unless you ask for a product refund for your desktop Premier.   The license code for Premier cannot be used to pay for Online TurboTax.   Why would you want to make that move?   The desktop Premier is superior and has more features, including Forms Mode to view/edit forms during preparation.   Desktop Premier also includes a state program download to prepare a state return.   In Online TurboTax there is an additional fee to prepare a state return. Desktop Premier can prepare multiple Federal returns.   Online TurboTax can only prepare 1 Federal return per account per year.

If your employer withheld KS state tax from your paychecks, they should have box 16 completed on your W-2. If they won't provide a corrected W-2, you can enter the same number from box 1 into box 16. It shouldn't double your income.

Another question please. For 2023 amend and 2024 tax filing, when TurboTax asks for the amount contributed to Roth IRA, do I enter just the amounts contributed for each respective year ($7,500 for 2023 and $8,000 for 2024)? Or do I enter amount contributed AND its earnings?   And what do I enter for "Corrective distributions made before the due date of the return" please? Amount contributed and its earnings?   Thank you for your help.

The solution for me was to continue and let TT immediately say my state return was complete. Then I went back and individually went through each state topic manually.   I hope that by next tax season TT and Intuit will have this issue fixed. It appears from other posts to be around for a while.

Did you choose to import 2024 1099 INT data, or is there 2023 information that was pre-populated? TurboTax will prepopulate 2023 information so that you  do not have to re-type it  and it's a guide to help you remember if you have all of your documents

Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk

@AnnetteB6 Unfortunately, I do not feel comfortable putting my taxes in the mail. Thats a lot of personal information. I also am paying for Turbotax to do my taxes for me so having to do the long statement that you suggest doesn't make a lot of sense. So, is this an IRS issue or a Turbotax issue? Each time I have called and talk to a Turbotax expert on the phone I have been given the run around. Some act totally clueless, and others have told me things that I don't think I should do such as unchecking the box that says I share this home and cost with someone else on form 5695 to get it to go through. Sorry but this is very frustrating. I have used Turbotax for a long as I can remember but this year has been a huge disappointment on so many levels. 

Yes, what would hold you up? Do you have all of your income and possibly expense information. If you want to use the Online version, simply log into TurboTax Online You can start for free  

Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.    If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website. See this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

To ensure to rollover is correctly entered into TurboTax, TurboTax should ask you the following questions after you entered the 1099-R with code G :   On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No" On the "Did you move the money to a Roth IRA?" screen answer "No"   Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 5b (taxable amount), it should show $0 and state ROLLOVER next to it.   To preview Form 1040:   Click on "Tax Tools" in the left menu Click "Tools" Click "View Tax Summary" in the Tool Center window Click on "Preview my 1040" on the left