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April 7, 2025
5:31 PM
I followed your instructions, but never get to the page Tell us if you moved the money through a rollover or conversion. After entering my 1099-R, the next page asks if this 1099-R is for a contribut...
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I followed your instructions, but never get to the page Tell us if you moved the money through a rollover or conversion. After entering my 1099-R, the next page asks if this 1099-R is for a contribution that my employer made to a Roth SIMPLE or a Roth SEP account. I enter NO. The next page asks about RMDs. I enter my RMDs. The next page asks how much of this distribution applied to my Dec 31st 2024 RMD. I check the button for The Entire distribution applies. The next screen asks if I transferred to charity, I said NONE. Then it takes me to the summary page for 1099-Rs. I click Continue. Next screen asks if I took disaster distributions. I select NO. The next screen asks about nondeductible contributions. I say NO I did not make and track nondeductible contributions to my IRA. The next screen asks if I missed a Required Distribution from any Retirement Accounts. I select None of these plans failed to withdraw the RMD. Then it goes into the questions about Social Security. There is no place to enter my IRA rollover contributions.
April 7, 2025
5:31 PM
Thank you kindly for the insight. I can hit the submit button now. 🙂 I'm sure many people will benefit from your answer.
April 7, 2025
5:30 PM
There are some fees charged when the foreign income incurred and the foreign tax paid. Can I deduct that from the foreign income? For example, the ADR fees.
April 7, 2025
5:30 PM
Online TurboTax can prepare only 1 Federal return per online account per year. To prepare a second return requires a different separate account (different User ID). You can use the same email add...
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Online TurboTax can prepare only 1 Federal return per online account per year. To prepare a second return requires a different separate account (different User ID). You can use the same email address in the Account Settings for notification purposes in up to 5 accounts, if desired, but each log-in User ID must be unique. Do NOT try to prepare a second return in the same account, or it will overwrite the first one. For future reference, desktop editions can prepare multiple Federal returns with up to 5 Federal efiles.
April 7, 2025
5:30 PM
If you're a homeowner, here's how to enter your property taxes you paid:
Open or continue your return.
Navigate to the property tax section:
TurboTax Online/Mobile: Go to property tax...
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If you're a homeowner, here's how to enter your property taxes you paid:
Open or continue your return.
Navigate to the property tax section:
TurboTax Online/Mobile: Go to property tax.
TurboTax Desktop: Select Search Topics. Search for and select property tax.
Answer Yes to the question Did you pay property or real estate taxes?
Follow the on-screen instructions to enter your property/real estate taxes.
Important: When your property/real estate taxes are included on your 1098, you’ll enter them as part of your mortgage interest in the property or real estate tax field. If they aren't listed on your 1098, you’ll enter them separately as property/real estate taxes.
Tip: If you own additional properties for personal use (like a cabin or timeshare), make sure to include the property/real estate payments for those as well.
Complete Steps here.
If you meant something else reach back out:
April 7, 2025
5:28 PM
Need to start a new return for a family member
Topics:
April 7, 2025
5:28 PM
For the first year it was used for business, look at Form 4562. Your vehicle should be listed in line 26 or 27. If there is depreciation in column (h), Section 179 in column (i) or if Line 25 shows...
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For the first year it was used for business, look at Form 4562. Your vehicle should be listed in line 26 or 27. If there is depreciation in column (h), Section 179 in column (i) or if Line 25 shows the Special Depreciation Allowance for the vehicle, you used Actual Expenses in that first year. If it doesn't show those amounts (but it shows your vehicles), you used the Standard Mileage Rate.
April 7, 2025
5:27 PM
If you don't have any taxable compensation earned and paid in 2024, you cannot make a Roth IRA contribution for that year. In any year you may contribute the lesser of 100% of taxable compensati...
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If you don't have any taxable compensation earned and paid in 2024, you cannot make a Roth IRA contribution for that year. In any year you may contribute the lesser of 100% of taxable compensation or the annual limit . Since it appears you retired in 2023 do not have any 2024 wages or other earnings from work, you are ineligible to make a Roth contribution, though you remain eligible to convert Traditional IRA funds to a Roth.
You will need to reach out to your Roth custodian and ask them to process a "Return of Excess Contribution" for you.
April 7, 2025
5:27 PM
You may need to delete this form and enter it manually. What kind of 1099 form was this for (1099-INT, 1099-B, etc.)?
Have you tried clearing your cache and cookies first?
A full or corr...
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You may need to delete this form and enter it manually. What kind of 1099 form was this for (1099-INT, 1099-B, etc.)?
Have you tried clearing your cache and cookies first?
A full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).
Here are the official instructions for the most popular browsers:
Google Chrome
Mozilla Firefox
Microsoft Edge
Each browser has a slightly different method for deleting cookies. Choose the browser you're using:
Microsoft Edge
Mozilla Firefox
Google Chrome
Safari
TurboTax FAQ: How to clear your cache
TurboTax FAQ: How do I delete cookies?
April 7, 2025
5:27 PM
Super annoying. TT should really fix this. For me it wound up being the deductable part of the self employment tax.
April 7, 2025
5:26 PM
I called 3 different TT experts who couldn't give me an explanation. On form 8995 from 2023, I ave 48k carry over losses. If I put this number in the box for QBI carryover loss it will wipe out most ...
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I called 3 different TT experts who couldn't give me an explanation. On form 8995 from 2023, I ave 48k carry over losses. If I put this number in the box for QBI carryover loss it will wipe out most of my W2 income which does not make sense at all. My modified gross income is 98k. Please let me what to do. Thanks
April 7, 2025
5:26 PM
You have to have marked NO on the following screen. If you marked Yes, the income would have shown as non-taxable.
April 7, 2025
5:26 PM
I am having issues with trying to figure out how to enter a 1099-R that we received in 2024 for a 2023 ROTH IRA overage contribution. Our income was too high and we were only able to contribute a por...
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I am having issues with trying to figure out how to enter a 1099-R that we received in 2024 for a 2023 ROTH IRA overage contribution. Our income was too high and we were only able to contribute a portion and the rest was REMOVED PRIOR to filing our 2023 taxes. I noted that when I went through the questions when filing 2023 taxes that we were removing before filing. Our 2023 taxes show we contributed only the amount that was allowed. In 2024 we received a 1099 showing the amount that was removed which was the overage + the interest made and that shows in box 1. In box 2 there is an amount of interest that should be taxable. The distribution codes are P & J I know we owe taxes on the interest portion but is it taxable in 2023 or 2024? If it is in 2024 which is when it was actually removed from our Roth IRA’s how do I enter the 1099 R? Do we not enter Box 1 and only enter box 2? Do we need to amend our 2023 taxes? I have read about doing a substitute 1099, etc but I don’t see where I needed to when doing our 2023 taxes. To make things worse, we did it again in 2024. I should note that we used the Home and Business Edition in 2023 but are using the Deluxe version in 2024.
April 7, 2025
5:26 PM
Farm expenses, farm vehicles and farm assets are 3 different categories in how they treat farm items. The type of vehicle does change the rules in effect. There are under 6,000 lb vehicles, then up t...
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Farm expenses, farm vehicles and farm assets are 3 different categories in how they treat farm items. The type of vehicle does change the rules in effect. There are under 6,000 lb vehicles, then up to 14,000 lb vehicles, then over 14,000 lb and excepted vehicles. Depreciation rules begin on page 37 of the farmer's tax guide. Publication 225, Farmer's Tax Guide states: Excepted vehicles. Other property used for transportation does not include the following vehicles. • Tractors and other special-purpose farm vehicles. • Bucket trucks (cherry pickers), dump trucks, flatbed trucks, and refrigerated trucks. • Combines, cranes and derricks, and forklifts. • Any vehicle designed to carry cargo with a loaded gross vehicle weight of over 14,000 pounds. For more information, see chapter 5 of Pub. 946. @NSUSA What are you trying to work around?
April 7, 2025
5:26 PM
Topics:
April 7, 2025
5:26 PM
This worked for me in 2025. I copied and pasted the control number from the online W2 box d into turbotax. Then I typed a "space" after it and then typed TXH and the turbotax form then accepted it.
April 7, 2025
5:25 PM
Topics:
April 7, 2025
5:24 PM
When going through possible credits, I was not asked about my property taxes paid.
Topics:
April 7, 2025
5:24 PM
The steps provided by AbrahamT will work to remove the flag. Follow these steps to correct the issue:
In TurboTax Desktop click Forms in the upper right corner
Scroll down and click the ...
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The steps provided by AbrahamT will work to remove the flag. Follow these steps to correct the issue:
In TurboTax Desktop click Forms in the upper right corner
Scroll down and click the Schedule B
Scroll down to line 7b and click the x
@murthydevarakonda