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You have to transfer 2023 before you start 2024.  And I  don't think you can transfer using the Free Edition.  So you might have to upgrade.  Or are you using the Desktop program?  Where do you have ... See more...
You have to transfer 2023 before you start 2024.  And I  don't think you can transfer using the Free Edition.  So you might have to upgrade.  Or are you using the Desktop program?  Where do you have your 2023 return?  If you used the Desktop program you need to have the file ending in .tax2023 on your computer.   How to Transfer into the Online version https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/transfer-last-year-return-turbotax-online/L279eUvY2_US_en_US?uid=mfnjhmzf    You can try to transfer it but doing this will also clear out all your current entries. If you haven't filed, registered or paid you can try to clear and start over https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=mfnjihwh     
The forum should open a new Box under Discussions->Taxes  called "Get your excess/disallowed IRA contributions straightened out with IRS"
@Jay_H   How did you confirm it?  Do you have a link?  Because I think  you need to ask for 2026 not 2025.  It looks like HRB calls the program by the year you file in, not the tax return year.  Like... See more...
@Jay_H   How did you confirm it?  Do you have a link?  Because I think  you need to ask for 2026 not 2025.  It looks like HRB calls the program by the year you file in, not the tax return year.  Like this article says 2025 will be available in Nov 2024...2024. https://www.hrblock.com/tax-center/support/software/software-tax-filing/before-filing-software-return/hr-block-product-availability/?srsltid=AfmBOoqHERkWsoXO6TuNc22fGZ_rXlOOI6Y2W5nYDV1uJ3pTknsFcZ_y 
Just confirmed that H&R Block 2025 will support Windows 10, and will not discontinue Windows 10 support any time soon.
I filed our taxes in April and happened to log into TurboTax today to check something and noticed Employment Income was added to one of our tax filings but I did not add it and no one else has access... See more...
I filed our taxes in April and happened to log into TurboTax today to check something and noticed Employment Income was added to one of our tax filings but I did not add it and no one else has access. The status now shows we owe $8000 and has a button to Refile.
I seem to remember him buying the gold shortly before passing away. It wasn't years previous, so I think I'm on the right track. And, again, thanks a bunch for your help!
@kjs94gt wrote:     What seems logical to me if I want to sell physical gold bullion is I will have to use the historical price of gold from the month it was gifted to us which is Nov of 202... See more...
@kjs94gt wrote:     What seems logical to me if I want to sell physical gold bullion is I will have to use the historical price of gold from the month it was gifted to us which is Nov of 2020. I have no proof of what was actually paid for the gold so I'm having to just use the historical price. I then take the current price, minus the historical price and then multiply by .28 %. That will be the amount that needs to be paid to the IRS, correct? How do I do this tho? Do I save the amount that needs to go to the IRS and send them a check during tax season? What forms do I provide?   Thank you No!  It is not the price on the day it was gifted.  It is the price paid by the previous owner when they bought the gold.   If grandpa bought the gold with paper route money in 1950 for $35 an ounce, and gave it to you in 2020 at a price of $1895 per ounce, and you sell it tomorrow for $3700 per ounce, your cost basis is $35, and your taxable gain is $3665 per ounce.     If you don't know when grandpa bought the gold, make your best guess and write it down including your reasons for thinking so.  If audited, it won't be much but it is the best you can do.   Capital gains transactions including the sale of gold are reported on form 8949 and schedule D.  This is included in Turbotax.  You will be asked for the date you received it, how you received it, your cost basis, the date you sold, and the price you sold it for.  Remember the cost basis is the price the giver paid, not the value on the date of the gift.  Turbotax will do the rest of the calculations for you.   
Thanks everyone for the responses. I know it's been a few years since I posted this but I wanted to follow up and make sure I'm on the right track.   What seems logical to me if I want to sell phys... See more...
Thanks everyone for the responses. I know it's been a few years since I posted this but I wanted to follow up and make sure I'm on the right track.   What seems logical to me if I want to sell physical gold bullion is I will have to use the historical price of gold from the month it was gifted to us which is Nov of 2020. I have no proof of what was actually paid for the gold so I'm having to just use the historical price. I then take the current price, minus the historical price and then multiply by .28 %. That will be the amount that needs to be paid to the IRS, correct? How do I do this tho? Do I save the amount that needs to go to the IRS and send them a check during tax season? What forms do I provide?   Thank you
"On the 2023 amended return, can I consider and report the 2023 normal distribution as clearing the excessive contributions, such that I will not need a 2023 Form 5329 & penalty payment?"   Yes.  ... See more...
"On the 2023 amended return, can I consider and report the 2023 normal distribution as clearing the excessive contributions, such that I will not need a 2023 Form 5329 & penalty payment?"   Yes.   Your distribution in 2023 actually included a distribution of the excess contributions made for 2021 and 2022, so no excess carried over to 2024.   The distribution that you received in 2025 is therefor unrelated to any excess contribution.  If still within the 60 rollover window you could roll that distribution back into an IRA.   Since no calculation of net attributable income on the 2022 excess contribution was done, you'll need to treat the 2023 distribution as correcting the 2022 excess contribution after the due date of the 2022 tax return even though you might have made the distribution before the due date of the 2022 tax return, including extensions.   To accommodate 2023 TurboTax, you'll need to split the 2023 Form 1099-R into two, one reporting a distribution of the combined excess (with no adjustment for investment gains or losses)  and the other for the remainder of the distribution.  When entering the one for the combined excess, enter a zero in box 2a instead of entering the same amount as is in box 1.  This is a special indication to TurboTax that the distribution represents a distribution of excess contribution after the due date of the corresponding tax return so that as you proceed after clicking the Continue button on the page that lists the Forms 1099-R that you have entered, TurboTax will eventually prompt you to prepare the required statement to explain this as a return of the excess contributions.  The Form 1099-R for the remainder of the distribution will have the same amount in box 2a as is in box 1.  Any tax withholding form this distribution can be split between these two 1099-R forms any way that you wish.  2023 TurboTax will exclude from Form 1040 line 4b the entire combined amount of the excess.   Assuming that you have already begun your 2024 tax return with 2024 TurboTax, you'll simply need to zero out the amount of excess originally carried over from the 2023 tax file.   Note that if your 2021 and 2022 tax returns included Form 8606 to add your excess contributions to basis in nondeductible traditional IRA contributions, unless the TurboTax program has changed from when I last checked, TurboTax fails to later reduce the amount of basis by the the amount of excess contribution distributed after the due date.  This means that you'll likely need to adjust the basis yourself, probably in 2024 TurboTax by subtracting the amount of the excess contributions distributed.
I got an email like this yesterday, and everything was accepted back in April. I checked with the IRS website as well and everything was accepted. I’m guessing this was some sort of glitch email?
@user17579950372 wrote: Your assumptions are correct but i just checked my tax return from 2024 - it looks like the turbo tax expert that did my taxes did  not include a 8606 form. However a 540... See more...
@user17579950372 wrote: Your assumptions are correct but i just checked my tax return from 2024 - it looks like the turbo tax expert that did my taxes did  not include a 8606 form. However a 5408 form is available on my fidelity account. What do I do? Form 5498 is produced by the broker for your records, it is not filed with any tax return.   At some point before filing your 2025 return, you need to file an amended 2024 return to report the non-deductible IRA contribution.  Contact your expert or customer support for assistance.     Then, you will need a copy of the 2024 tax return including form 8606 to prepare your 2025 tax return, that will contain the 2025 traditional IRA contribution and the Roth conversion. 
We need more details.   What do you need help with?   What kind of deductions?   You need to use Online Deluxe or higher to enter deductions.   Since the Standard Deduction has increased many peopl... See more...
We need more details.   What do you need help with?   What kind of deductions?   You need to use Online Deluxe or higher to enter deductions.   Since the Standard Deduction has increased many people switched to the Standard Deduction.  And there is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT".  SALT is State And Local Tax.  Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.   For 2024 the standard deduction amounts are: The Standard Deduction is on 1040 line 12. Single 14,600+1,950 for 65 and over or blind HOH 21,900 + 1,950 for 65 and over or blind Joint 29,200 +  1,550 for each 65 and over or blind (both 32,300) Married filing Separate 14,600 + 1,550 for 65 and over or blind
You would need the 2017 Desktop program installed and updated to open it.   But 2017 is too old to get or install.   Where did you get the .tax2017 file?  Sorry you can’t install old programs.  ... See more...
You would need the 2017 Desktop program installed and updated to open it.   But 2017 is too old to get or install.   Where did you get the .tax2017 file?  Sorry you can’t install old programs.  They only support the last 3 years.   If you can’t download or open the pdf file and only have the data file ending in .tax20yy you could try the TaxPrinter service (not connected with Turbo Tax) to convert a .tax file to pdf at http://www.taxprinter.com   OR get a copy from the IRS - http://www.irs.gov/Individuals/Get-Transcript
What’s the error?  The reject email should say the error message or code.  A common reject is for the wrong 2023 AGI.   Try entering 0 for the AGI. The IRS might have processed your return later so... See more...
What’s the error?  The reject email should say the error message or code.  A common reject is for the wrong 2023 AGI.   Try entering 0 for the AGI. The IRS might have processed your return later so the AGI didn't get entered in time.  Especially if you mailed it.  That works for most people. See, https://ttlc.intuit.com/community/rejections/help/what-if-i-entered-the-correct-agi-and-i-m-still-getting-an-e-file-reject/00/27031 How to correct the AGI in the Online version https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311 If you can’t get it to efile you will have to print and mail it. https://ttlc.intuit.com/community/printing/help/how-do-i-print-and-mail-my-return-in-turbotax-online/00/26258 Be sure to attach copies of your W2s and any 1099s that have withholding on them.  You have to mail federal and state in separate envelopes because they go to different places.  Get a tracking number from the post office when you mail them for proof of filing.