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I have IRA accounts in three places. I took my total RMD from one of those accounts. Each place gave me a worksheet of how much I needed to take from the account they held. I added each account and t... See more...
I have IRA accounts in three places. I took my total RMD from one of those accounts. Each place gave me a worksheet of how much I needed to take from the account they held. I added each account and took the total from one.  Do I have to anywhere in Turbo Tax list the total amounts in all three accounts. Last year (2024), my retirement funds were at one place, and it was reflected on my tax return (2024) 5a. This year, I moved some out (I have since moved them back so next year it will be fine), but this year (2025) line 5a reflects only the amount where I took the RMD. Is this correct or a RED flag to the IRS.
Can you clarify what you need to edit?  Most edits on the state forms are done in the state section of TurboTax, so if you let us know what changes are needed, we may be able to guide you to the entr... See more...
Can you clarify what you need to edit?  Most edits on the state forms are done in the state section of TurboTax, so if you let us know what changes are needed, we may be able to guide you to the entry. @aschrades1116 
Anyone in this thread who has not been able to file due to hang ups with crypto taxes this year should be given compensation. This is ridiculous. 
@CesarJ I was able to enter the data using the instructions provided by @DaveF1006. Thank you for responding to my initial response. Much appreciated. Thanks
To enter the information in TurboTax, see Where do I enter a like-kind or Section 1031 exchange (Form 8824)?   From the IRS Like-kind exchanges - Real estate tax tips: Like-kind exchanges --... See more...
To enter the information in TurboTax, see Where do I enter a like-kind or Section 1031 exchange (Form 8824)?   From the IRS Like-kind exchanges - Real estate tax tips: Like-kind exchanges -- when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” -- have long been permitted under the Internal Revenue Code. Generally, if you make a like-kind exchange, you are not required to recognize a gain or loss under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, you must recognize a gain to the extent of the other property and money received. You can’t recognize a loss.
Thank you for the clarification. Since the account was solely owned by your father, you would not use the 50/50 Rule.    Your mother is entitled to a 100% step-up basis (entire asset basis at FMV... See more...
Thank you for the clarification. Since the account was solely owned by your father, you would not use the 50/50 Rule.    Your mother is entitled to a 100% step-up basis (entire asset basis at FMV on date of his death).    The 50/50 Rule would apply to jointly owned accounts, not to an account that was passed to her as an inheritance.    This applies even if they filed a joint return.
Can you please clarify if you've already paid and/or filed your tax return? 
agent
This experience was resolved in TurboTax Online recently and is being rolled out to TurboTax desktop products over the coming days.  You should now have access to this in the online product, and I'd ... See more...
This experience was resolved in TurboTax Online recently and is being rolled out to TurboTax desktop products over the coming days.  You should now have access to this in the online product, and I'd give until the end of the week for all desktop users to have this update.
Hi ReneV4,   Thank you for trying to help me.  Unfortunately, I'm not seeing the options you mentioned in steps 1-5. Under Income, here's what I'm seeing:    Interest and Dividends / Forms 1099-... See more...
Hi ReneV4,   Thank you for trying to help me.  Unfortunately, I'm not seeing the options you mentioned in steps 1-5. Under Income, here's what I'm seeing:    Interest and Dividends / Forms 1099-INT, 1099-DIV Investment Income / Form 1099-B, capital gains/loss, home sales Rentals and Royalties / Rental property, copyright/patent royalties Business Investment and Estate-Trust Income / Income or loss from ownership in other business and/or trust and estate entities (K-1s received) Other income or loss / List your own categories for any income not yet entered above #2 doesn't have an option within it for something other than Form 1099-B. #4 is looking for K-1s, which I haven't received for the estate. #5 has no options that allow for reporting investment sales and cost bases.   Other advice?   Thanks, Craig
@DaveF1006  I finally was able to enter the foreign interest payments and tax withheld information. Thank you for the detailed instructions. You may ignore my earlier response. Thanks
If the loss is allowed and proper, then your return just falls into the handful of returns that must be filed by mail.  If you think the loss in excess of $25,00 is not correct, we may need more info... See more...
If the loss is allowed and proper, then your return just falls into the handful of returns that must be filed by mail.  If you think the loss in excess of $25,00 is not correct, we may need more information to help you resolve the issue. 
You may qualify for Head of Household. If TurboTax selected Head of Household automatically, it means your entries indicate you meet the basic requirements.   Because your divorce was finalized... See more...
You may qualify for Head of Household. If TurboTax selected Head of Household automatically, it means your entries indicate you meet the basic requirements.   Because your divorce was finalized in December 2025, you are considered unmarried for the 2025 tax year. You aren't required to file Single just because your ex is filing Head of Household. Each of you qualifies separately based on your own household information.    If you paid more than half the cost of keeping up your home and a qualifying child (including a full-time college student under 24) lived with you more than half the year, you may qualify for this status.    For more information, see   Publication 501 (2025), Dependents, Standard Deduction, and Filing Information  
At least it won't take long to amend my return. Just need to make a few more days.
I've googled and have found lots of users having same issue. I go to import, am able to connect to financial institutions, get a message that it was successful, but then there is no information when... See more...
I've googled and have found lots of users having same issue. I go to import, am able to connect to financial institutions, get a message that it was successful, but then there is no information when I return to the program. I have tried fixes recommend: - turned off virus protection - made sure cookies are not being blocked - software, both windows and turbotax are up to date - another solution states to download statements and then upload the pdf into turbotax - I do not see an option to upload a pdf into turbotax (I've seen it in prior years, but it never worked.  i don't see the option in the 2025 desktop version) HELP!!
@PatriciaV Thank you for reporting this bug.   I understand that this is a low priority display-only issue that does not prevent finishing and submitting tax returns for 2025.  Furthermore, it may ... See more...
@PatriciaV Thank you for reporting this bug.   I understand that this is a low priority display-only issue that does not prevent finishing and submitting tax returns for 2025.  Furthermore, it may only affect new (first year) TurboTax users who choose to manually enter the prior-year information for rental properties.   As your development team begins their investigation, they probably want to look at the Schedule E 2 Year Comparison Worksheet.  As highlighted in the attahed screen shot, it appears that the line 19 Total expenses box in the prior-year (2024) column is being entered rather than calculated.  The number in that box matches the first number I entered as the interview prompted for last year's expenses.
No, there is not a workaround for this.  If the withholding was genuinely not on the form, the solution is to mail the return with the proof of the withholding.  @taxexpert9999