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For starting your TurboTax account with a C-Corporation you formed in 2025, select the employment status that reflects your role in that corporation. Typically, if you are an owner and also work as an employee of the C-corp, you would select Employee for your wages from the C-Corp if you receive a W-2. If you report income or losses from the C-corp as a shareholder, those are handled separately, not as self-employed income. You usually do not select self-employed status for C-corp wages because the corporation is a separate legal entity. Instead, enter wages from your W-2 issued by the C-corp under Wages & Income. If you have business income from the C-corp (like dividends or distributions), those have other entry areas but are separate from employment status selection.

Thanks for the explanation Volvogirl.   I am 70 and not yet pulling out any RMD.   The fact that prior years it did say as I mentioned  "Then on 1040 on those years, next to 5b on 1040 there was "ROLLOVER" written in smaller font telling me it did the rollover to ROTH successfully."    However, this time, should I see the same verbiage "ROLLOVER" in smaller font next to 1040 line 5b $100,000?  Else how would I know it is a rollover or not.    Thank you SP

There was an update on March 6.  Go back through your return, and make any changes as needed, then file your return.   If you are using TurboTax Online the program updates automatically.   If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates".   @ah1838 

yes AMT amount in Box 13 is supposed to be a portion of the tax exempt dividends reported in Box 12 - it's used for AMT calculations - you need to look into the details for boxes 12/13 on your 1099 to see why Box 13 is bigger, your brokerage should have provided a breakdown.

You need to get a statement from the retirement facility that breaks down the amount of your costs showing the amount for any sort of medical care.   Those costs--not room and board, etc.-- can be entered as a medical expense.     MEDICAL EXPENSES The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.   To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses       2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)    

Il semble que vos feuillets T4A(P)/Relevé 2 ont été doublés. Assurez-vous que vous n'avez pas entré deux fois ces feuillets.    Nous venons de tester dans le logiciel et la ligne 119 se calcule correctement (voir la capture d'écran qui suit).     Comme le montre l'image ci-haut, le montant du T4A(P) case 20 ne s'aditionne pas au montant du Relevé 2 case C.   Merci de choisir TurboImpôt.

If you were charged $199 for your TurboTax it is likely because your tax situation required more than the basic forms (for example, itemizing investments), you may have been upgraded to Deluxe or higher, as XmasBaby0 mentions above.     The TurboTax Free Edition is for customers who are filing simple Form 1040 returns only (no schedules except for Earned Income Credit, Child Tax Credit and Student Loan Interest. Roughly 3.7% of taxpayers qualify.    If your tax situation requires more than the basic forms (e.g., itemizing, investments), you are upgraded to Deluxe or higher.   A separate charge is added for preparing state tax returns in most TurboTax online versions.   You can review your fees using the instructions below to find out why you're being charged. You can follow the instructions in this article to remove any  unwanted Fees Why am I being charged for TurboTax Free Edition?   You may also be able to downgrade How do I downgrade to a different TurboTax Online product?   You can review your fees in TurboTax online as follows: Go to the left side on your screen under "Tax Home" Go to "Tax Tools" then "Tools" The "Tools Center" Box will pop up Click on "My Fees" to see a summary of your Turbo Tax Fees. Click here for How do I review my fees in TurboTax Online? If you have additional information or questions regarding this, please return to Community and we would be glad to help.

As long as you meet the qualifications for this deduction, it is automatically applied to your tax return. You don't need to take any additional steps. Qualifications: -Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). -Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with deductions phasing out above those levels. Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income.  You can see the information for the Senior Deduction reflected on Schedule 1A, Part V, Line 37 For more information, see Deductions for Seniors.