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Yes, $7,600 would be the entry in box 1, which would be the total amount you receive. $350 would go in box 2 as the portion that is taxable income. You would answer $7,250 as the amount of the excess you withdrew. I'm not sure why you are getting the message regarding an additional withdrawal.   I suggest you look on your Schedule 2 to see if there is a penalty showing up for excess  IRA contribution on line 8. If not, you should be OK.   Also, you need to enter a substitute Form 1099-R to report the one you will receive in 2027 on your 2025 return. Here are the steps:   To enter a substitute form 1099-R in Turbo Tax Desktop follow these instructions:   Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R) Choose Add (Another) 1099-R Choose I'll type it in myself On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R Enter the distribution amount in box 1 of the substitute 1099-R Enter the earnings in box 2(a) Enter code "P" in box 7 (And code "J" if from ROTH IRA)     To enter a substitute form 1099-R in Turbo Tax Online follow these instructions:   Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R) Choose Add (Another) 1099-R Choose I'll type it in myself Choose the source of your 1099-R form Enter your pension distribution into the Form 1099-R entry screens Enter the distribution amount in box 1 of the substitute 1099-R Enter the earnings in box 2(a) Enter code "P" in box 7 (And code "J" if from ROTH IRA) When you come to the screen that says Do any of these situations apply to you? Check the box that says I need to file a substitute 1099-R and follow the instructions        

Yes, you can deduct premiums you paid separately for a Medicare Supplement plan, under Medical Expenses, in the Deductions section on your Federal return.  Medicare premiums reported on a SSA-1099 are automatically transferred to this section when you enter the info from your form in the Income section.    Itemizing Required: These expenses are only deductible if you itemize deductions (Schedule A) rather than taking the standard deduction. 7.5% Threshold: You can only deduct the amount of total medical expenses that exceed 7.5% of your Adjusted Gross Income (AGI). Self-Employed: If you are self-employed, you may be able to claim these premiums as a Self-Employed Health Insurance Deduction, which does not require itemizing and is not subject to the 7.5% threshold.   Here's more info on Deducting Medicare and Insurance Premiums.   @Gmoyers     

Based on the IRS rules for renting out a portion of your home, you should enter 75% of the mortgage balance in the personal deductions section of TurboTax, as you did with the mortgage interest.   The IRS guidelines state that when you rent out a portion of your home, you must divide certain expenses between the rental use and the personal use as if you had two separate properties. Essentially, under one roof, you have a rental property comprised of 25% and a personal residence comprised of 75%.   If you enter the full mortgage balance alongside the already prorated interest, TurboTax will apply the TCJA phase-out, which would incorrectly reduce your deduction.   For your rental portion, the interest you allocate is treated as a business/rental expense on Schedule E, which is not subject to the $750,000 TCJA limit.   For your personal portion, entering the 75% as the mortgage balance will allow the full $30,000 to be an itemized deduction on your Schedule A.

This is a TurboTax bug, and is simple to replicate.    Go to Schedule A, line 5a, and then click on "goto supporting form".  This takes me to the Tax and Interest Deduction Worksheet" but highlights line 1a(1).   Looking further on the "Tax and Interest Deduction Worksheet" line 1i is '0.00', since lines 1b through 1h are all blank.  Line 1i is then supposed to populate Schedule A, line 5a.  But it doesn't.  Schedule A, line 5a is blank, when it should be zero!  This causes Schedule A, line 7 to also be blank.   This then causes AMT form 6251, line 2a to use my standard deduction value when it should be getting the value from Schedule A, line 7.    I then override a blank field with '0', on Schedule A, line 5a.  This is not the source of any problem.  Changing a blank deduction field to zero shouldn't change anything.  Yet it fixes the issue with the wrong value being used in the AMT form 6251, line 2a.  It now contains '0.00' instead of my standard deduction amount. 

Nac64- Have you contacted the Michigan Department of Treasury about the adjusting your pension deduction to zero and taking away your refund?  906Bluebird- was there a method given for you to contact the department of treasury? I tried calling them today re another issue but just get hanged up on "due to call volume"

When there is a red zero on line 12, you can not enter or delete anything on that line. Here's what worked for me: ( @Mariaz @ekile @mtsien2020 @terrangel322 ) 1. From form 4562 double-click on line 11. That should take you to the Depreciation Options worksheet. 2. From the Depreciation Options worksheet enter the amount of ordinary business income from box 1 of your K1 on line 3 under "Federal Section 179 Information heading." I could only place my amount on line 3b: Additions or subtractions to taxable income. 3. Return to form 4562 and you should see the amount you just entered on line 11, and the resulting deduction calculated on line 12.

Je crois qu'un de vos problèmes est relié avec le TP-80 de votre conjoint. Les ananlystes nous avisent qu'il y a un problème avec le TP-80 ligne 110. Ce sera réglé le 2 avril prochain. Cependant, vous pouvez contourner le problème en entrant $ 0 sur la ligne 110 du TP-80. À ce moment, les revenus du T2125 seront les mêmes que ceux du TP-80. Si vous choisissez d'inscrire zéro à la ligne 110 du TP-80, vous devrez imprimer et poster votre déclaration. Merci de votre patience.

1. The IRS follows the Tax Benefit Rule (IRC § 111). The logic is that when you deducted those state taxes in 2025, you told the IRS, "This money is gone; I didn't 'earn' it as disposable income." When the state gives it back in 2026, it is treated as "new" found wealth or a recovery of a previous expense. Under the US tax structure, all "recoveries" of previously deducted items are categorized as Gross Income. Since AGI is simply Gross Income minus specific "above-the-line" adjustments, the refund naturally lands there.    2. No. Actually, there are many reasons to avoid itemizing- as you mention, Medicare premiums and NIIT. Add to it higher AGI for calculating  taxable social security and deductible medical expenses. You are right about different tax rates in different years as well.   3. The program tells you how to maximize and does give you a standard vs itemized comparison along with a choice. This is a self-prepared return and you seem to understand the situation. However, if you want to comment where a developer will read it, you can. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.  If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.  

L'importation des feuillets T5008 est toujuors difficile et n'est pas à conseiller.  Regroupez vos données : ne saisissez pas chaque ligne individuellement si vous pouvez faire un total par titre. Additionnez le coût (case 20) et le produit (case 21) pour chaque action vendue, puis déclarez ces totaux sur l'annexe 3 Gains/pertes en capital.   Vous devez entrer le total en dollars canadiens.   Plusieurs institutions financières offrent un Sommaire des gains/pertes en capital ou un Sommaire des opérations T5008 de votre courtier ou conseiller.   Merci de choisir TurboImpôt

Hi Amy C., I appreciate the response and insight.  I am taking the standard deduction per TT and I am not near being able to itemize.  I am confused because TT auto recommended the higher value and even when I select the higher value instead of the recommended choice, the lower value is transferred to the Deductions page.

If your Georgia SALT limit shows $0, it's probably because the limit was applied, since Georgia doesn't use the higher federal limit.   You must wait for the IRS to process the 1040-X, which takes up to 20 weeks or longer.    Also, you can track your refund directly from your state Department of Revenue Website.  How do I track my state refund?     Edited [03-29-26 at 12:30 E.T.]