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This bug is doubly awful:   1) Ok, I understand if TuboTax's position is "you should do the conversion yourself if you enter the T5008 slip". That really sucks (and would cause me to look for different tax-filing software), but at least it's not dangerous.   2) BUT, a lot of people don't understand this nuance. They just "auto-import T5008 from CRA" and just assume its correct. Heck, I would assume it's correct based on Turbotax reputation, I'm lucky I bothered to check! But in reality they pay the wrong amount of tax (and most likely, they're UDERPAYING tax, basically they pay tax on $1000 CAD capital gain, when in actual fact their gain was $1000 USD = $1400 CAD).   Again, all this with the "auto-import" button, which people assume "just works"!   Auto-import should not introduce dangerous errors into your return, period. The support on this thread has been ridiculous, Intuit people just pretending the issue does not exist, posting irrelevant quotes from the CRA, without bothering to actually sit down with pen and paper and see what the issue is.   I will be looking for a way to report this directly to the CRA instead, clearly we're not getting support here since it hasn't been resolved for years. They should lose their NETFILE license over this, I am serious.

You just need to log back into the same account you used when you created those returns.   If you want to just download the PDF Archives of returns that have been filed using NETFILE, you can look at the bottom of the “Great to see you again!” when you log in to TurboTax.   If you want to see the actual return files, you can login to TurboTax Canada Online 2024 here: https://ww1.2024.ca.turbotaxonline.intuit.com/      

Yes. If your changes affect the original return information you sent in your original return to the Minnessota Department of Revenue, you must send the 1099-DIV along with any other corrected information. 

The RMD calculation is based on information that is entered into TurboTax and not on your actual bank or brokerage records, so this can be resolved easily by following these steps:   First, we will delete the original Form 1099-R entry:   Go to Wages & Income Select Review to the right of IRA, 401(k), and pension plan withdrawals Click on the trash can to the right of your Form 1099-R, which will delete the Form Before you add it back in, click on Deductions & credits on the left panel to allow the system to refresh Now, click back on Wages & Income to return to input the Form 1099-R information again:   Go to Wages & Income on the left panel within your TurboTax account Scroll down to Retirement Plans and Social Security and click on the down arrow to the right Click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) Click the Yes box when you see, "Did you get a 1099-R...?" Click the "Enter a different way" box Click the "Type it in myself" box Click on the box that pertains to your type of 1099-R (typically the first box), Continue Next, you will see, "Enter your 1099-R provider's info", complete that, then Continue Next, you will see "Enter your 1099-R details from _". Enter the information from the original Form 1099-R that you received Ensure the details from your Form 1099-R are correct checking for which Distribution Code was used in Box 7 (or review if imported), then Continue Continue through until you reach, "Let's get more information about your Required Minimum Distribution (RMD)", enter your RMD due by December 31 Next, you are asked, "How much of this distribution applied to your December 31 RMD?" If you select "Some", you will need to enter the amount of the distribution that applied to your RMD* You will reach "Review your 1099-R summary", press Continue (not the pencil) and additional questions will generate for you to answer When you reach "Let's go over any required minimum distributions (RMD)", Continue (not the pencil)   The above steps should resolve the incorrect penalty calculation.   *Note: If you did not take all of your RMD and are expecting a penalty, just not the amount calculated, then the interview questions will guide you through the additional questions so that TurboTax can then calculate the correct penalty amount and generate Form 5329.

If you want to know the status of your tax return,  you should use the IRS Where's My Refund website.  Be sure you enter that it is for 2024.  You'll need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your return

This is very messy in TurboTax. It is enough for me to take this to another company for my parents. Sad as I have been able to do their takes for years with TurboTax.   Your suggestion is fabulous for those doing their parents returns.

We have further investigated this situation in the meantime. I apologize for the delay in responding.   If you receive a code FF on your W-2 for an employer reimbursement of medical expenses through a QSEHRA, you need to calculate if you were still eligible for any APTC (Advanced Premium Tax Credit). You can calculate this amount using the worksheets in Internal Revenue Service Publication 974. See also the IRS Instructions for Form 8962 for more details.   You will need to file by mail in this situation, because the IRS will look for "QSEHRA" written on the Form 8962, and an explanation letter attached to the return.   The TurboTax program does not support the calculation of the premium tax credit if a reimbursement was received via a Health Reimbursement Agreement (HRA) by the taxpayer or a member of their family. It also does not support the use case where they did not participate in the HRA, but the HRA is considered affordable. This is covered in the document, Unsupported Calculations.   If you are provided a QSEHRA, and it is considered affordable coverage for a month, no PTC is allowed for that month. If the QSEHRA is not considered affordable coverage for 1 or more months, you may still be eligible for the PTC. If you are eligible for the PTC for any month for which you are provided a QSEHRA, you must reduce your PTC (but not below -0-) for that month by the monthly QSEHRA permitted benefit amount. The monthly permitted benefit amount is the maximum QSEHRA benefit amount an eligible employee is allowed per month.   Use Worksheet N to determine whether your QSEHRA is considered affordable coverage for the months of the year that you were provided the QSEHRA. You will need the notice provided by your employer and the permitted benefit for self-only coverage to complete Worksheet N.   Your employer should have reported your annual permitted benefit (self-only or family amount, as applicable) in box 12 of your Form W-2 with code FF. Your permitted benefit amount, as reported to you by your employer on Form W-2, is used to calculate the amount by which you must reduce your PTC, if you are otherwise eligible for the PTC. Use Worksheet Q to figure your monthly PTC for months in which you were provided a QSEHRA.   If you enter amounts in TurboTax based on the calculation worksheets in Publication 974, and TurboTax calculates a Premium Tax Credit when your calculations don't, as stated earlier, you can file by mail, remove any incorrect TurboTax calculation from your return, and attach your worksheets.   @user17714393469 

Can you clarify where you are seeing the penalty?  When the Box 7 code is 7, it should not be calculating any penalty.     If you are looking at the refund calculator, it is likely that you are just seeing the difference in the tax withheld versus the actual tax on your income - withheld tax will not always be equal to the actual tax on a distribution.

I found the answer I believe - Since it was a backdoor Roth IRA conversion, it should not have been entered as a recharacterization. Once I removed recharacterization, the excess contribution tax was gone! 

I rent out part of my primary residence under the paradigm that my housemates are my "business clients".  Are we required to claim the property portion of the real estate taxes and mortgage interest on SCH E?  Rather than spread the claim between SCH E and SCH A, is it possible to account for them totally on SCH A?    I think the answer is probably they must be accounted for and split, but I wanted to check.  SCH E deduction is limited to the rental income. The average rent where I am did not cover rental costs this year, and splitting these reduces the deduction on the SCH A.    Thanks for your responses!

Once your browser has opened a window to Sign In to your financial account, click the icon to the left of the URL address.  Then click on 'Site Settings'.  On the list that opens, scroll down to LAN and choose 'Allow'.   @Bfair1599