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eleazarpascual12345

taxtattoo

I have been doing backdoor roth for more than 10 years. However, starting tax year 2021, I noticed that turbotax is capturing the amount on line 14 for form 8606. This is the amount on line 14 f...

I have been doing backdoor roth for more than 10 years. However, starting tax year 2021, I noticed that turbotax is capturing the amount on line 14 for form 8606. This is the amount on line 14 for each of the years: year 2021- $6,000 year 2022- $12,000 year 2023 - $18,500 year 2024 - $25,500 I have always moved the balance from my traditional ira into roth. However, i noticed that I did not move interest paid on the traditional ira balance into roth by the end of the year, so there was a balance carried over to the next year. Could this be causing an issue? Is the amount shown on line 14 for each of those years correct, or do I need to re-file the form for any of the prior years? My understanding was that as long as I move the money into roth, the balance on line 14 should be 0. I plan to move all the interest paid for this years contribution into roth this year itself, so the balance on my traditional ira will be 0. Could I possibly have double paid taxes on this balance for any of the prior years because of this balance on line 14?

kevinwrede1

why no answer to this question/. I have the same problem. The non paycheck contribution is stuck and when I go back it doesnt ask for my wife's contribution thus I cant massage the neumber as needed...

why no answer to this question/. I have the same problem. The non paycheck contribution is stuck and when I go back it doesnt ask for my wife's contribution thus I cant massage the neumber as needed to reduce my taxes. It just ask for my contributions but keeps hers with the same original number I inputed but want to change. Whene can this be fixed?

LunaTax

I am looking for some guidance on my situation. I bought a condo in 2016 for $350k as primary residence. In July 2017, I moved out and started renting the condo. For the first year of rental (2017)...

I am looking for some guidance on my situation. I bought a condo in 2016 for $350k as primary residence. In July 2017, I moved out and started renting the condo. For the first year of rental (2017), I took the depreciation. However since 2018, I havent taken any depreciation on the condo. I wanted to know the process to claim the depreciation for 2018-2025. I found some conflicting information - 1. This discussion states that for cases like mine (rental depreciation taken in first year but not later) I cant file form 3115 if you read the response at end of post. Is this true? - https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/missed-depreciation-on-rental/00/3536264 . I couldnt verify this anywhere on IRS website. 2. I have a second rental which i started renting last year. I am assuming for this property, I can start taking depreciation without worrying about my condo that i started renting out in 2017.

eyeballjames

Hi did you ever figure out a solution to your problem? I am having the same crisis now with over 4000 limit error.

loriwood3068

How to tell 1095 not required by m

Bags1953

Turbo tax shouldn’t allow you to bypass the living abroad question, if it has this impact on the taxable social security amount. Never have we had this problem where the refund was miscalculated. Y...

Turbo tax shouldn’t allow you to bypass the living abroad question, if it has this impact on the taxable social security amount. Never have we had this problem where the refund was miscalculated. You can’t skip other questions.

ZOS

I converted long-term rental single-family property to short term rental during the same tax year. Do I add income and expenses for both L-T (Jan - June) and S-T (July - December) rental period and r...

I converted long-term rental single-family property to short term rental during the same tax year. Do I add income and expenses for both L-T (Jan - June) and S-T (July - December) rental period and record them to the existing property in TurboTax or do I add another property for the short-term rental period and allocate expenses accordingly?

cgsg26

I'm having a similar issue. On the Ohio IT NRC, I need to be able to reduce the total Deductions from the Ohio Schedule of Adjustments (IT NRC Line 8), so that they include only amounts paid while I ...

I'm having a similar issue. On the Ohio IT NRC, I need to be able to reduce the total Deductions from the Ohio Schedule of Adjustments (IT NRC Line 8), so that they include only amounts paid while I was an Ohio resident. In my case, I paid ACA premiums while I was NOT an Ohio resident. I included these payments as Deductions on the Ohio Schedule of Adjustments (Line 44), in order to reduce my total yearly income on Ohio IT1040 (since Ohio does not tax income used to pay ACA premiums, per the instructions for Line 1 of the Unreimbursed Medical Care Expenses Worksheet on p. 41 of the Ohio IT1040 instructions), but I need to indicate on IT NRC that these payments were made while I was a non-resident.

commluse

That worked! Thank you!

1atiwary

If it is not entered in federal section there is no place in the state section. NJ allows deduction for the ABLE contribution.

jonu101

I'm still seeing the problem in 2025!

clcjl

Actually I just figured out where to download from "Products & billing". However, I encountered an error.

MindyB

When asked for the proceeds in the Investment and Savings section, you should enter $15,000. Even though the form shows the total house price of $75,000, the "Allocation" line is the confirmati...

When asked for the proceeds in the Investment and Savings section, you should enter $15,000. Even though the form shows the total house price of $75,000, the "Allocation" line is the confirmation that your share of the proceeds is only 20%. Reporting the full $75,000 would cause the IRS to think your share was much higher than it was.

user17711891654

Update the TurboTax, this issue is fixed Thank you

g1en1es1ie

Same issue in March 2026 - computer share does not and has not ever printed a CONTROL NUMBER on my 1099B and yet Turbotax and Computershare's websites both self-congratulate themselves on being tied ...

Same issue in March 2026 - computer share does not and has not ever printed a CONTROL NUMBER on my 1099B and yet Turbotax and Computershare's websites both self-congratulate themselves on being tied together and are supposed to be working well together. This has been reported for years now ... why hasn't another way been introduced to handle the this very Frequently encountered issue?

mizzknox31

I just filled a complaint with The Better Business Bureau

rjs

If the state told you to wait longer, I guess the next step is to wait longer. Maybe they're backlogged. Each state, and the IRS, processes their own tax returns on their own schedules, so the fact t...

If the state told you to wait longer, I guess the next step is to wait longer. Maybe they're backlogged. Each state, and the IRS, processes their own tax returns on their own schedules, so the fact that you got your federal and New Jersey refunds doesn't tell you anything about New York. The fact that the New York return was accepted means that they did get it. One other thing I guess you could try is to call again and see if you get a different answer from a different representative. Try asking specifically if they have a record of returns that were accepted but not processed yet.

roblesjohnd

I inherited a house along with my siblings, the house was sold for 75,000.00 but my part was 15,000.00. The for I received says substitute for 1099S with gross proceeds 75,000.00 and Allocation of g...

I inherited a house along with my siblings, the house was sold for 75,000.00 but my part was 15,000.00. The for I received says substitute for 1099S with gross proceeds 75,000.00 and Allocation of gross proceeds 15,000.00. What amount do I put when filing my taxes?

rashika6goel

It says it is not processed. It has been almost 3 weeks since I filed the return. No notifications at all about the status

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Form 8606 line 14 starting tax year 2021

Re: Hey Turbo Team, Why am I not able to edit my HSA contribution? I have inputted the amount I h...

Need for form 3115: Missed Rental Depreciation from Second Year

Re: Error about Schedule D line 16. Exceeded maximum noncovered sales.

Turbo stuck on 1095-A & Personal I've double checked more than 5x Personal data is complete and I'm on Medicaid so there is not a 1095-A mailed to me. Help please?

Re: Turbo Tax 2025 calculated my Social Security income tax incorrectly

I converted long-term rental single-family property to short term rental during the same tax year. How can I file this in TurboTax?

Re: Can't Edit 2025 OH IT NRC Line 8 in Forms Mode

Re: Change the desktop version of Turbo Tax I purchased

I am NJ resident and contributed to ABLE account for a minor kid. Turbo tax is not letting me enter & getting message that I don't qualify for this credit for federal.

Re: For Oregon Form OR-40 Schedule OR-A, how to enter local tax withheld as shown on W-2 box 19 s...

Re: Download Turbotax 2021 Premier?

Re: 1099S

Re: Form 5695 Line 17b Address must be entered

Re: Is the account number the same as the control number for computershare 1099-b?

Re: Cross River Bank has my refund

Re: IT-203 Put in incorrect Tax Payer Information

1099S

Re: I am unable to track the refund status.

Do you have a TurboTax Online account?

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