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To be eligible for the reduced tax rate, a sole proprietor must:    Have qualifying business income from the sole proprietorship; Materially participate in the business; and Employ one or more employees in Oregon who meet the employee requirements explained in the instructions for Schedule OR-PTE. Qualified business income reduced tax rate (QBIRTR)   How to delete forms in TurboTax Online    How to delete forms in TurboTax Desktop  

Can @CatinaT1 or @MarilynG1 please clarify if Merrill and other institutions not on dropdown list because all 1099s not ready?  or what is the status with partners listed on TT website but not in dropdown?

Thanks but im concerned because my understanding is that I must submit for 8606 with my 1040 since the 1099 reflects am x in box 2b and a t for box 7 when this in fact is a qualifoed distribution (satisfied both the age and 5 year rule requirements)

Based on your post, it sounds like you transferred ("rolled over") an IRA from custodian A to custodian B.  Since the RMD for 2025 is based on the year end value from custodian A on 12/31/24, then the total withdrawals from both A and B added together need to equal the RMD as calculated from the 2024 year end value of A to avoid a penalty for not removing at least the RMD amount.   Let's say that your RMD for A was $10,000, and you took out $6,000 from when it was "A" and $4,000 from when it was "B", when you report these in Turbo Tax, you would say that the RMD for A was $6,000 and the RMD for B was $4,000.   As another example, let's say your RMD for A was $10,000, but you only took out $6,000 from "A" and $3,000 from B.  Since you did not satisfy the RMD, you could report the RMD for A at $6,000 and the RMD for B at $3,000 in TurboTax to arrive at an insufficient RMD withdrawal of $1,000.   If you have multiple IRA accounts, the sum total value of all of the accounts is used to calculate RMD.  You also do not need to take money out of each individual IRA.  For example, If you have 2 IRA accounts subject to RMD, you determine your total RMD withdrawal for 2025 based on the 2024 year end value of the accounts, but you are able to only take that calculated RMD out of only one of the accounts and still satisfy the RMD.

This is the U.S. TurboTax public user forum. For help with Canadian taxes, please post your question in the Canada TurboTax user forum., at the following link. https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-cahttps://turbotax.intuit.ca/tax-software/index.jsp

I deleted the 1099’s several times and reentered them.  The issue is a TT problem as after every 1099-r entry it asks what your RMD amount was.  The RMD was from 2 different accounts so what TT did was add the RMD from each entry where I put the total RMD we had to take.  This resulted in a double RMD amount.  To work around this I entered the amount of each 1099-R as the amount of the RMD.  So the 2 RMD amounts that I entered totaled my total RMD.  This fixed the problem and I no longer got a huge penalty.  I am hoping that TT either fixes this by asking the amount of your of your total RMD and then lets you select the 1099’s that apply or some other workaround to fix this problem.  It is not illegal to do this but I wasted many hours trying to figure out why they said I did not take my full RMD  and taxed me $9000 as not taking it all.  Hope this helps someone else who has more than 1 1099 form

Sorry I have to disagree.   I think the prior replies were missing the point of your question.    Is box 5 the same as box 3?   Yes the Medicare Premium deduction is included in the Net Benefits in box 5.  So they will be part of any taxable Social Security amount.   But no they are not income or taxable by themselves.    If the  Medicare premium was not included in box 5 benefit income then you wouldn't be able to deduct them on Schedule A as an itemized  deduction.  

If you are trying to import from E*TRADE from Morgan Stanley, it will be available for direct download by February 6, 2026.    But you have to wait a few extra days before trying to import so the software is fully updated.  

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Online:   Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response.   TurboTax Desktop/Download Versions:   Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number  (including the dash) that was generated in the response.   *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)  @cmurphy1925 

After two long and not very productive calls with Turbo Tax customer service, I submitted a contact form to the Intuit Office of the President to convey our issues with entering education expenses. Hopefully, Turbo Tax is working on a resolution. Their screenshot reply is below:   Thank you for sharing your concern with us. Case number: OOP-0014872 A member of our team will contact you within 1 business day.

Hi Don,  The reason TurboTax is not saving the waiver statement for me is because I missed taking a  RMD for one of my accounts and do not have a 1099-R. I had to manually complete Form 5329-T, Part IX section without the waiver statement. If you have a 1099-R and need to complete form 5239-T for the underpayment additional tax, Turbo Tax will create form 5329-T during the walk through process.  I am hoping next year Tech Support will add the question, "Did you miss taking a RMD last year" on the 1099-R main page and walk the taxpayer through the 5329-T process.