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February 27, 2026
2:54 PM
1 Cheer
As you proceed through entering this information in TurboTax, you will be prompted, to enter an exception to the penalty of the withdrawn earnings. You will get to a page "Return of contribution sum...
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As you proceed through entering this information in TurboTax, you will be prompted, to enter an exception to the penalty of the withdrawn earnings. You will get to a page "Return of contribution summary", which you can edit to state that this was a distribution of excess contributions and earnings to an IRA. This statement will be sent with your 2025 return when you e-file it.
You will not be required to add the 1099-R in 2026 to your 2026 return because you already reported it on your 2025 return. You will not need to add any statements to your 2026 return.
February 27, 2026
2:54 PM
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February 27, 2026
2:54 PM
Do I need to file for 2025 based on 1099-INT, even if I am not a US citizen, live in Canada, but hold US bank accounts? I had no income in the US but earned $211.30 as interest income from one of my ...
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Do I need to file for 2025 based on 1099-INT, even if I am not a US citizen, live in Canada, but hold US bank accounts? I had no income in the US but earned $211.30 as interest income from one of my bank accounts. Do I need to submit Form W-8BEN for all bank accounts that I hold or just the one that yielded the income? Thank you!
February 27, 2026
2:52 PM
Yes, Expert Assist and Full Service can help with your IRA over-contribution, but how they help depends on which service you choose.
TurboTax experts mainly work on your 2025 tax forms, but fi...
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Yes, Expert Assist and Full Service can help with your IRA over-contribution, but how they help depends on which service you choose.
TurboTax experts mainly work on your 2025 tax forms, but fixing an IRA over-contribution is part of what needs to be reported. They're expected to guide you on what steps to take outside of your tax return to make sure everything is accurate.
February 27, 2026
2:52 PM
have you gone thru these steps https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US
February 27, 2026
2:52 PM
1 Cheer
I have the Import window open in front of me, it says: We see you're trying to import a 1099-B, which requires an upgrade to Premier. I'm not doing it. It appears from what others have said ...
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I have the Import window open in front of me, it says: We see you're trying to import a 1099-B, which requires an upgrade to Premier. I'm not doing it. It appears from what others have said the "upgrade" is not a requirement.
February 27, 2026
2:52 PM
Hi, is the same key for turbotax 2025 good for both windows and macOS installations? Thanks.
February 27, 2026
2:51 PM
Unfortunately, TurboTax Desktop (2025) doesn’t import a dependent who is older than 18 into Schedule 5. No problem for under 18. The Dependent Worksheet has all of the details but won’t transfer appr...
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Unfortunately, TurboTax Desktop (2025) doesn’t import a dependent who is older than 18 into Schedule 5. No problem for under 18. The Dependent Worksheet has all of the details but won’t transfer appropriate information not only in the 2025 App but same issue in 2024. Contacted TurboTax support but they had no clue the error was there or how to repair it. Unfortunately, the user has to do an Override (<CTRL F2>) for many of the fields but some fields in Schedule 5 don’t permit you to override. No way of fixing this as TurboTax hasn’t fixed it.
February 27, 2026
2:51 PM
have you gone thru all the steps? importing a 1099R is only part of it. You have to go through the questions at the end of the 1099R section to identity it as a Roth conversion and market value of ...
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have you gone thru all the steps? importing a 1099R is only part of it. You have to go through the questions at the end of the 1099R section to identity it as a Roth conversion and market value of your IRAs as of 12/31/25, and also go through the IRA section under Deductions & Credits to input the non-deductible contrition and other questions related to basis etc. See here for the steps https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US
February 27, 2026
2:51 PM
1 Cheer
Just tried to file as well. Reject Code /Return/ReturnData/IRS5695/EgyEffcntHmImprvCrGrp/EnablingPropertyGrp/PanelboardCktFeederStdPctCrAmt "This return cannot be filed at this time due to a proce...
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Just tried to file as well. Reject Code /Return/ReturnData/IRS5695/EgyEffcntHmImprvCrGrp/EnablingPropertyGrp/PanelboardCktFeederStdPctCrAmt "This return cannot be filed at this time due to a processing error that will be corrected on March 6, 2026" Come on TurboTax... Issue with business return, not issue with personal. Not making things easy this year!
February 27, 2026
2:50 PM
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February 27, 2026
2:49 PM
That should be from a 1099B. You need to use the Online Premium version to enter investments and sales. Enter a 1099 B under Federal Taxes on left or Personal (Home & Business) Wages & Inco...
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That should be from a 1099B. You need to use the Online Premium version to enter investments and sales. Enter a 1099 B under Federal Taxes on left or Personal (Home & Business) Wages & Income (Personal Income) Then scroll down to Investment Income Then Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) - click Start Then click +Add Investments at the bottom Then Import your info OR Skip Import at the bottom Then pick box Stocks, Bonds, Mutual Funds - then Continue
February 27, 2026
2:49 PM
I can't find the place on the question-and-answer exchange for where to enter estimated taxes paid.
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February 27, 2026
2:48 PM
@AmeliesUncle Yes I did that. Source of IRS code?
February 27, 2026
2:48 PM
TurboTax creates Form 8606 if it detects a nondeductible contribution or a prior-year basis. To remove the form, set both of these amounts to zero in the software.
Go to Deductions & Credits...
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TurboTax creates Form 8606 if it detects a nondeductible contribution or a prior-year basis. To remove the form, set both of these amounts to zero in the software.
Go to Deductions & Credits > Retirement and Investments.
Select Start/Revisit next to Traditional and Roth IRA Contributions.
Uncheck the box for Traditional IRA (this is the most direct way to signal the form is unnecessary).
If you did make a contribution but want it to be 100% deductible, proceed through the screens until you see: "Any Nondeductible Contributions to Your IRA?"
Select No. If it asks for your Total Basis, ensure the field is blank (not "0").
February 27, 2026
2:47 PM
you mentioned 1099Rs but did you go through the IRA section and enter the non-deductible contributions? are you able to see your Form 8606 to see what is happening with the tax calculation?
February 27, 2026
2:46 PM
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Are you guys positive that this has been fixed? I checked both the online and desktop versions and both still don't have any entry for room and board expenses when filling out the 1098-T questionnair...
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Are you guys positive that this has been fixed? I checked both the online and desktop versions and both still don't have any entry for room and board expenses when filling out the 1098-T questionnaire. Am I looking in the wrong place?
February 27, 2026
2:45 PM
At the end of the Alabama return, you will come to a screen titled Let's check for More Alabama Credits that lists many types of credits. Let's us know more about your credit if it is not on the li...
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At the end of the Alabama return, you will come to a screen titled Let's check for More Alabama Credits that lists many types of credits. Let's us know more about your credit if it is not on the list below. Prior approval through My Alabama Taxes (MAT) is required for these credits.
Provided basic skills education programs to employees
Produced coal mined in Alabama
Had railroad reconstruction or replacement expenditures
Moved to or expanded in an economically depressed area of Alabama
Made a corporate investment in an Alabama business (received Form K-RCC)
Created new jobs paying more than $10 per hour
Hire any recently deployed and now discharged veterans
Are a recently deployed and now discharged veteran starting a business
Purchased or installed an irrigation system or reservoir
Paid taxes to a foreign country
Port Credit amount from K-1 or certificate (Alabama Renewal Act)
Received an Alabama Annual Investment Tax Credit Certificate for a qualified capital investment
Innovate Alabama
Alabama Workforce Housing
Employer Tax Credit
Childcare Facility Credit
Employer Provider Credit
February 27, 2026
2:44 PM
Hello, We closed out business effective 11/30/25 and this will be our final 1065 partnership return. A vehicle used 100% in our business, partner LLC, was a total loss in January 2025. Insuranc...
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Hello, We closed out business effective 11/30/25 and this will be our final 1065 partnership return. A vehicle used 100% in our business, partner LLC, was a total loss in January 2025. Insurance paid off the balance of the loan and paid us (numbers below). We did not replace the vehicle. The projected Depreciation from Form 4562 from our 2024 Form 1065, shows a full year of 2025 depreciation. Several questions on how to enter the info in QBO and TT: Do I enter a journal entry with the depreciation listed on the 4562 or do I calculate the actual depreciation for the one month? And is there further depreciation due to the total loss? Is the accumulated depreciation for the year or from date of purchase? Does the depreciation affect vehicle basis, and therefor make some of the insurance payout income? Do I need to calculate the scrap value of the vehicle, and if so how? How do I record the insurance payout to us in QBO, is it income? How do I record the insurance final payment to the lender in QBO in the loan account, is that income? Some more info that may be helpful for numbers: Van purchased May 2022 - cost $21,644 Depreciation method 200DB/HY Depreciation through 12/2024 $15,411 Insurance payout to us $15,183.06 Insurance final payment to lender $$2,279.30, includes $2,149.49 principal/$129.81 interest. Thank you.
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