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It depends. If you are paying the loan back as per agreement and are not in default, then this is not taxable.     If you default on the loan, then it becomes taxable and is treated like a regular 401K withdrawal and is subject to the 10% penalty. Also, if you leave your job and cannot pay the distribution back by the tax deadline, then you would end up getting a 1099-R and needing to include it in your income.    Retirement topics - Plan loans

TurboTax gets no information from the IRS after you file your tax return, so no one at TT knows what action the IRS wants from you.   The IRS will send you a letter if they need some further information from you.

I may have kicked off the 2025 tax year discussion of this topic a week or two ago.  I was the one told by TT that they were waiting on something from the IRS - sounded like BS to me.  Someone else on this thread was apparently told something else by TT that smelled phony.  Several people have had success using Firefox.  I couldn't see how that could possibly be a solution, but desperate times call for desperate measures, and I tried Firefox today - IT WORKED!!!  I didn't want to make Firefox my default browser, so I went thru the import steps on TT and when it opened a window in my default browser I copied the URL and pasted it into Firefox.  It worked the way it was supposed to work (disregarding, of course, having to switch browsers as part of the exercise).   On a related note, I got my Schwab 1099 late last week.

Thank you.   When trying to close out the depreciation of the rental half of the duplex, it asks:   Special handling required?  and one example is a 'rental inside a home' which confused me as duplex has two units, one rental, one my home, so assuming 'no' for the question for the rental unit as well as dishwasher and other depreciated improvements.  Is that accurate?   Followup question TT asks is: was this asset included in sale of your main home? which I'm also assuming is 'no' as separate units but wanted to make sure i'm just not confused.    Thanks, Adam   P.S., I bought the Advantage version of TT this year, does this include free phone support to run by all of this to make sure I'm good?  I think your responses are sufficient but just wanted to double check. It also offers $50 'Live Tax Advice' but I don't need advice, just clarity on how to fill out the section of TT.

Si estás presentando una declaración de Nueva York para el año fiscal 2025 y tienes una identificación emitida por Nueva York, se te requiere ingresar el número de documento (además de tu número de identificación) en tu declaración estatal de Nueva York.   Este número es un número alfanumérico de 8 o 10 dígitos ubicado en la esquina inferior derecha de tu licencia de conducir, permiso, o identificación de no-conductor, o en la parte posterior si fue producido después del 28 de enero de 2014. El número de documento comienza después de IDUSA. No incluyas IDUSA como parte del número de documento. Puedes ver ejemplos en el sitio web del Departamento de Vehículos Motorizados de Nueva York.   Si has intentado ingresar tu número de licencia de Nueva York y sigues sin poder avanzar con tu declaración, será necesario que envíes tu declaración por correo.      

  You received an email that we cannot see that tells you why your tax return was rejected.   Some rejected returns can be fixed and re-filed.  Some have “un-fixable” reasons for the rejection and have to be mailed instead.    What is the rejection code or rejection message?     If it was rejected for AGI—-your 2024 AGI might not be in the IRS system if you filed late.   Try using zero instead.   If filing with zero is rejected then file again but select the option that you did not file last year.  The IRS does not see that question and it will allow you to e-file with no AGI question.     https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311   If that does not work and you still cannot e-file, then print, sign, and mail your tax return.  

The gross distribution amount in box 1 should be $0.  As this was a trustee-to-trustee transfer, it was neither a distribution nor a rollover.  Because it was not a distribution, the gross amount distributed was $0.  Of course with nothing having been distributed, that taxable amount was also $0.   "My understanding is that if I file form 4852, I will not be able to file my tax electronically."   Correct.   While submitting a Form 4852 gives you the opportunity to provide a preemptive explanation, a possible alternative would be to simply omit the Form 1099-R.  Because this Form 1099-R shows $0 taxable, it seems unlikely that the IRS would find that there was any underreporting of income.  If the IRS Automated Underreporter System did kick out your tax return for examination, the worst thing I can see happening would be that the IRS would question the nature of the transaction itself since the Form 1099-R is nonsensical, at which time you could provide explanation.

@markmil11 wrote: but Do go On... My previous post posed a question: "What, precisely, is your problem? Is it just that T. Rowe Price is not appearing in the import list in TurboTax?"   You never did answer that question so how do you suppose anyone here is in a position to help you if you do not delineate the issue you are experiencing? Why can't you answer a simple question if you're having issues with the program?   [amazing that you believe people (read: VOLUNTEERS) on this board are posting just to get points and/or awards which are worth exactly ZERO (and that's zero in terms of ANY kind of remuneration, etc.).  - how did you arrive at the conclusion?]

Thank you, but I still do not understand. I already paid taxes on 13,770 many years ago and I am simply seeking to avoid paying taxes on them again.  When I entered that relatively small amount my tax bill increased several thousand dollars. That does not make sense.  Is this going to happen in future years?  I truly appreciate your help (and patience). 

Because your wife's parent claimed her as a dependent, your wife's SSN is in the system already.   Your own joint return must say that your wife can be claimed as a dependent on someone else's tax return.  That question appears in MY INFO.  Go back to MY INFO and click her name then go back through the questions to the one about being claimed.   Change the answer and then try to re-file.