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Yes, it is taxable. A deemed distribution from a RIC (Regulated Investment Company) is generally treated the same as a dividend for Pennsylvania tax purposes.   Pennsylvania does not follow federal rules that sometimes recharacterize certain RIC distributions differently. Instead, PA uses its own classification system, and under that system:   Dividends are taxable as PA “gross income class” dividend income. PA does not allow deductions or adjustments against dividend income. If the deemed distribution appears on a Form 1099‑DIV, it is almost always treated as a taxable dividend for PA PIT. PA Dividends

it didn't work for me either.  How do you delete a form in the laptop software, not on line?  When I go to Forms and pick 5695 and try to remove it it just keep on coming back. I have a carryforward amount from last year not an energy credit from this year.  Any help would be appreciated.  I have been on the phone with TurboTax for hours and at the end they keep on telling me that the problem is with the IRS not TurboTax but I don't see that just by seeing all the comments in here.  

I'm not understanding the Loss Carry Forward rules for a Single Member LLC.  I had a loss in 2024, which appeared on my 2024 return on Form 8995 and on my Qualified Business Income Deduction Summary.  I had a loss this year as well.  On those forms for this year, I expected last year's loss would appear on Line 3 of Form 8995 and also on the Qualified Business Income Deduction Summary, and that the two losses would be added together as the new total loss carry forward.  The 2024 loss was approximately $11,400.  The loss for 2025 was approximately $3,800.  I closed the business in 2025, mid-year. The 2024 loss doesn't appear on either form.  The presentation suggests to me that the 2024 loss is now disallowed, or at least irrelevant, and that my Loss Carry Forward is only the loss from this year.  Should I be entering the 2024 loss manually, so that the total losses over the two tax years carries forward to next year? Thank you!

Yes, this can cause an issue. New York matches the wages and withholding  on Form IT-201 to the W-2 information it receives from your employer. If Box 16 is significantly overstated, the state may adjust your return or send you a notice requesting clarification.    Since you just mailed the return the best thing to do is wait until it’s been processed. If the error affects your tax, you can correct it by filing an amendment on Form IT-201X after the initial return is completely processed. This means waiting until the payment submitted with the tax return has been processed, or your refund has been received. If you receive a notice before then, respond to the notice with a copy of your W-2 showing the correct Box 16 amount.  

You can request a refund for your TurboTax product within 60 days of the original purchase date. Fill out and submit the form below.   https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/taxation/get-refund-turbotax-product/L0GFPCPaC_CA_en_CA?uid=m4x98wws   Thank you for choosing TurboTax.

how to get a link from turbo tax?   Are you needing to get access to a TurboTax account?  Or something else?  Please clarify.   Sorry for your loss.  But we will need more information before someone can direct you to the correct information.   This TurboTax website may be helpful.

AMT taxable income always starts from a base that assumes the standard deduction is not allowed, even if you didn’t take it on your regular return. That’s the core reason Form 6251 adds back the standard deduction amount.   Under the AMT system, Congress created a parallel tax calculation that removes certain tax benefits. One of the biggest differences is:   The standard deduction is completely disallowed for AMT purposes. This rule applies even if you itemized and even if your itemized deductions were $0. The IRS explains that AMT is computed by “eliminating or reducing certain exclusions and deductions” when calculating AMT income . The standard deduction is one of the deductions eliminated.   So when Form 6251 starts its calculation, it must reconstruct your income as if you had taken no standard deduction at all. That’s why line 2a adds back the standard‑deduction amount for your filing status, even if you did not claim it on your return.

You can claim the Energy Efficient Home Improvement Credit by filing Form 5695.  TurboTax will generate this for you, once you have entered in the information about the improvements.  Here is how to do this in TurboTax Online:   1. Upon opening TurboTax, choose Deductions & Credits on the left side of your screen, then Deductions and Credits Summary 2. Locate Your Home  3. Start/Revisit Home Energy Credits 4. On the Energy Efficient Home Improvements screen, select Yes then Continue.  5. Answer the next few questions until you get to Did you have any of these residential energy property costs in 2025? Biomass boiler and qualified central air conditioners are listed here.  Select Yes and continue. 6. Make sure you enter the total cost and answer the questions about ownership and location of the home.     See this article for a summary of the amounts available: Energy Efficient Home Improvement Credit (EEHIC)

Its a known issue for PC as well.  I called in Friday the 6th  and was told it would be fixed with the update that day but never got an update.  Was also told I could fix it by deleting and the re-entering the info.  I have not resorted to that just yet.  Same problem as others I get 4 errors now address, state, zip and 1 more I can't recall.  None accept any entry and remain blank.

I have this exact same issue. I think its form "TP726.7 Capital Gains Deduction on Qualified Property" thats creating the issue; however, I sold my house in 2024... dont know why this is causing an issue... can anyone confirm this is the problem?    Thanks

Let's make sure you entered your IP Pin in the right place. Here are two ways to navigate to the section to enter the 6 digit IP PIN:     Log in and open your return ("Take me to my return")  Once the return is open, then go to the Federal Taxes tab.  Subtab Other Tax Situations  Scroll down to Other Return Info.  Choose Identity Protection PIN and Start (or Revisit.)  Next screen asks:  "Did you or any of your dependents get an IP PIN from the IRS for this year's taxes?"  Or another way:  Open your return if not already open.  ("Take me to my return.")  Once the return is open, click at the top on MY ACCOUNT, then choose TOOLS.  In the Tools window choose TOPIC SEARCH.  Enter IP PIN without quotes.  In the selection list highlight IP PIN and click GO.  Next screen asks:  "Did you or any of your dependents get an IP PIN from the IRS for this year's taxes?" 

It depends. TurboTax pulls this number from your Federal 1099-R. If it’s grayed out or unchangeable in the State section, the "connection" between the Federal entry and the State adjustment is broken.   Fix the Federal 1099-R (The most likely culprit) The software only triggers the correct exclusion if the 1099-R is coded exactly right.   Go back to the Federal "Wages & Income" section.  Edit your Military Retirement 1099-R. Ensure Box 15 (State) says CA. Crucially, look for a follow-up question after the main 1099-R screen that asks "Where did this money come from?" or "What type of plan is this?" * You must select "US Military Retirement" or "Qualified Plan" (the wording varies by version).  Ensure the Employer Identification Number (EIN) is recognized as the DFAS or military pay center.  Once the Federal side is fixed, go to the California State interview:   Look for the section titled "Adjustments to Federal Income" or "Pensions and Annuities."  You should see a screen specifically for the Military Retirement Exclusion.  If it still shows $20,000 and is uneditable, delete the 1099-R entirely from the Federal section and re-enter it manually (do not import it). This often clears "ghost data" that forces the $20,000 cap.

Since you are using the desktop version of TurboTax, you can use Forms to preview and examine any form included in your return.     Get started by clicking Forms in the upper right corner of the screen.  Then you will see a list of forms on the left side of the screen.  Highlight the form you wish to examine and it will open in the main section.  Click Step-by-step to return to the input screens.   If you are not seeing the expected results on your forms, review your answers to the follow-up questions that come up after you enter the Form 1099-R reporting the Traditional IRA distribution.

Sounds like something got stuck. You can try these things:   Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu. Clear Cache and Cookies: This removes old, "corrupted" data that might be confusing the website. Use an Incognito (Private) Window: This is the most effective "quick fix" because it launches the browser without any saved history or extensions (like AdBlockers) that often interfere with tax forms. Check Pop-up Blockers: TurboTax often opens forms (like the 1099 PDF) or payment windows in a separate pop-up. Look at the right side of your address bar for a small icon with a "red X"—click it and select "Always allow pop-ups from Intuit." Restart the Browser: Close all open windows of your browser entirely and then reopen it.   Most TurboTax errors happen because the browser is trying to use an old "session" from a previous visit. By clearing the cache or using Incognito mode, you force the browser to establish a brand-new, secure connection with the Intuit servers.

I see you have used TurboTax Self-Employed Online 2025. To get an update on the status of your refund request, we suggest you contact our Product Support team. They are the ones who will be able to assist you.   Thank you for choosing TurboTax.