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Instead of amending your 2024 return to include Form 8606, you should file the Form 8606 on its own to report the basis from the 2024 non-deductible contributions.  You will need to complete this for... See more...
Instead of amending your 2024 return to include Form 8606, you should file the Form 8606 on its own to report the basis from the 2024 non-deductible contributions.  You will need to complete this form on your own rather than through TurboTax.   There is further information about this in the following TurboTax help article.  Scroll to the bottom of the document to find the section If your conversion contains contributions made in 2025 for 2024 for guidance.  There is also a link to a blank Form 8606 you can use.     How do I enter a backdoor Roth IRA conversion? @user17717116761 
I have some follow up questions.   You mention TurboTax online premium can upload the form. I'm not using this. I'm using the Windows Desktop version of TurboTax Deluxe. Is the desktop program una... See more...
I have some follow up questions.   You mention TurboTax online premium can upload the form. I'm not using this. I'm using the Windows Desktop version of TurboTax Deluxe. Is the desktop program unable to do this? I don't have many transactions listed on the 1099-DA form. The reason I used the sales section totals method is threefold: Firstly, the number of units I enter for the assets I sold gets automatically rounded down to zero when I attempt to enter them, and then I get an error saying the number of units must be greater than zero. I can round to 0.0001, but that number is wrong, it should be 0.00000872. I don't want to enter an incorrect number of units sold. The 1099-DA form lists "Various" for the acquisition dates for some lines. Whenever I type in "Various" into the Date Acquired Box 1d, it just resets to blank. Does TurboTax does not support this? The 1099-DA form already aggregated all of my stablecoin transactions, because I had hundreds of them. Please see my post here. Am I still expected to list each of these one-by-one, even when the 1099-DA form does not? Would you please address question 1, and then all three sub-bullets of question 2 directly? I'm just trying to understand if I really need to mail it or not. Given question two subquestions 1 and 2, I'm assuming I will.
Thank you. This worked for me.
If this is about a fee owed to TurboTax I suggest you contact out Customer Service Department at How do I contact TurboTax?   If this is about an amount you owe to the IRS or State, you will have... See more...
If this is about a fee owed to TurboTax I suggest you contact out Customer Service Department at How do I contact TurboTax?   If this is about an amount you owe to the IRS or State, you will have to give us more details to clarify the issue.
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
Until 2024, turbotax automatically  transferred my taxexempt income from my Federal Return to my State (Maryland) return.  However, in 2024 and 2025 it appears that I have to enter this information m... See more...
Until 2024, turbotax automatically  transferred my taxexempt income from my Federal Return to my State (Maryland) return.  However, in 2024 and 2025 it appears that I have to enter this information manually on my state return.  Is this correct?   Also, when I click on"learn more" regarding federally exempt taxes, I get the following information:   "Generally, foreign earned income that is excluded from your federal adjusted gross income should be added back to your Maryland income if Maryland is your permanent home."   My tax exempt income is from US municiple bonds, not foreign earned income.  Does income from US municipal bonds need to be added?  
Answers to your questions: Enter "1", and correct, if you have zero proceeds and 0 cash.  you can disregard entering the transaction on your return.  Enter 01/01/XX for purchase date and 12/3... See more...
Answers to your questions: Enter "1", and correct, if you have zero proceeds and 0 cash.  you can disregard entering the transaction on your return.  Enter 01/01/XX for purchase date and 12/31/25 for date of sale.  The year for the purchase date will be the year you purchased the stock. Note that the year of the purchase date is important because it'll determine whether the transaction was a short-term or long-term sale. Here's a link that gives more information on how to enter digital asset transactions in TurboTax: How do I import my digital asset transactions into TurboTax? How can I fix a digital asset transaction error?
It also says "see attached statement" (on copies 'A' and 'D' of the 8949).   But (unlike last year), it doesn't include Form 8453 in the printed return, nor do the instructions tell you to mail it in... See more...
It also says "see attached statement" (on copies 'A' and 'D' of the 8949).   But (unlike last year), it doesn't include Form 8453 in the printed return, nor do the instructions tell you to mail it in.    
They never give the option to not select the most expensive option and the process was so convoluted that many I’m sure just give up and pay to get it over with. I did. I even tried to call and was co... See more...
They never give the option to not select the most expensive option and the process was so convoluted that many I’m sure just give up and pay to get it over with. I did. I even tried to call and was connected to someone with a screaming child in the background and they were high as a kite
How do I delete an entry for "Qualified business net (loss) carry forward from the prior year" (Line 3 on Form 8995) for a business that I no longer have? I still need to file Form 8995 for "Qualifie... See more...
How do I delete an entry for "Qualified business net (loss) carry forward from the prior year" (Line 3 on Form 8995) for a business that I no longer have? I still need to file Form 8995 for "Qualified REIT dividends" (Line 6). I tried deleting the entry in Forms but it did not work.
Yes. Monthly retirement plan distributions are considered periodic payments.   See this TurboTax article for more information on Form 1099-R.  
In TurboTax Desktop, at the screen Now, choose how to enter your sales, select the one-by-one method rather than the sales section totals method.   If the stock is worthless, you should be able t... See more...
In TurboTax Desktop, at the screen Now, choose how to enter your sales, select the one-by-one method rather than the sales section totals method.   If the stock is worthless, you should be able to report your complete investment in the stock.  Stocks, stock rights, and bonds (other than those held for sale by a securities dealer) that became completely worthless during the tax year are treated as though they were sold on the last day of the tax year.   A stock may become worthless when the corporation files for bankruptcy, stops doing business, and has no assets. Financial difficulties will not make a company's stock worthless unless there's no hope that the company will survive.  Worthless stock includes abandoned stock, permanently surrendered for no consideration.    Enter a worthless stock like any stock sale but with a sales price of zero and the word worthless in its description. Enter the correct cost or basis, date acquired, and December 31 as the date sold.    See IRS Publication 550 Investment Income and Expenses, page 54.   In TurboTax Desktop, follow these steps:      Across the top of the screen, click Federal Taxes. Across the top of the screen, click Wages & Income. Click I’ll choose what I work on. Scroll down to Investment Income. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B). Click Add investments. On the Let Us Enter Your Bank and Brokerage Tax Documents screen, select Skip import. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue. At the screen Which bank or brokerage, enter the information.  Click Continue. Do these sales include any employee stock, enter No. Do you have more than three sales, enter No. Do these sales include any other types of investments, enter No. Did you buy every investment listed, enter Yes.  Continue. On the screen Now, choose how to enter your sales, select One by one.  Select Continue. At the screen Look for your sales on your 1099-B, select Continue. You will now be able to enter the worthless security.  Include the word worthless in the Description.  Enter $0 total proceeds (sales) and your cost basis, along with the sales category.  Date of sale will be December 31.  When finished, select Continue. At the screen Let us know if any of these situations apply to this sale, select This was a worthless security.  Select Continue. At the screen Review your sales, select Add another sale as necessary. When completed, close the record and click Continue. @cmccrank   
Who is "they" that says you owe $330?   We cannot see your tax return or any of your information.   TurboTax gets no information from the IRS or your state after you file your tax return.
Same problem here.  Keeps looping downloading State return.  Then when it finishes, I try to start the State return, and the download loop starts all over again.  Will we be notified when there's a f... See more...
Same problem here.  Keeps looping downloading State return.  Then when it finishes, I try to start the State return, and the download loop starts all over again.  Will we be notified when there's a fix for this?
You have to ask Acorns when they will have your 1099-B ready to import into TurboTax.  
Schedule E,  Line 26, shows rental income, which is correct. Schedule K-1 and K-1 worksheet, line 5, show the income as non-passive, which is not correct.   What question was answered incorrectly ... See more...
Schedule E,  Line 26, shows rental income, which is correct. Schedule K-1 and K-1 worksheet, line 5, show the income as non-passive, which is not correct.   What question was answered incorrectly to generate the incorrect K-1?  
vertication code will not work
They say I owe $330.00 My figure that I owe is $163.00. How do I fix this?