All Posts

I found a way that worked for me on both 2024 and 2025 taxes. First of all, to be clear about MY situation, since what works for me may not work for others in different situations, I am a Washington resident, and we do have some income from Oregon.  I am using Turbo Tax Deluxe desktop version that came with Federal and one state.  I used the one state for Oregon.  After doing Oregon, I went back to the State screen and clicked on "Start" for Washington.  Obviously, I wasn't going to pay for adding Washington as another state, but I wanted to see what would happen.  What happens (for me) is that it allows me to pick Washington from the list of states and the cost is $0.00.  So, I can fill out the worksheet, have it figure out that I don't qualify for the Working Families Tax Credit, show my Washington refund as $0, and everybody is happy.   I don't have to "work around" it.  Note that you will get a message saying you can't e-file because your Working Families Tax Credit is 0, but that is referring to your Washington return, which you're not going to file anyway.

The 1065 is a partnership form where you must have invested some money. The most common: Energy & Commodities: If you bought shares in oil, gas, or pipeline companies (like Enterprise Products Partners or Magellan), you aren't just a shareholder; you're a limited partner. Commodity ETFs: Many ETFs that track gold, silver, or oil (like USO or GLD) issue K-1s instead of the standard 1099-DIV. If you used a site like Fundrise, RealtyMogul, or AngelList to invest in real estate or startups, those platforms often pool investor money into an LLC. Because an LLC is a "pass-through" entity, they send you a K-1 to report your share of the rental income or losses There are more reasons but I find most people think they invested in a fund, then get a k-1. 

  Fidelity mentioned Publication 590, but for a Solo 401(k), the relevant authority is actually IRS Publication 560 (Retirement Plans for Small Business) and Section 402(g) of the Internal Revenue Code.   IRS Publication 560, Chapter 4 (Electronic Version): "You must include the excess deferral in your income for the year of the deferral... If you take out the excess deferral by April 15, the excess is taxed only in the year contributed. The [earnings] are taxed in the year they are distributed." Because you made the contribution in 2025 and took the distribution in 2025 (the same year), Code 8 tells the IRS to count the whole thing as 2025 income.   Fidelity is correct.    [ Edited 04/02/2026 I 12:51 PM PST]          

You might have a consolidated statement. That will have sections for 1099-Int and 1099-Div and 1099B and maybe some other 1099s.  You need to enter each section in the right place.  So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.  I highlight each heading with a yellow highlighter to find them.

It depends: If the house was for rent or sale - you held the property out as a rental, the expenses are deductible on the Sch E as always. If you did not hold it out: Sch A - mortgage interest, property tax Management fees, Repairs, Utilities, etc- roll into the selling price of the house

If you are using TurboTax Do It Yourself (Online), each return is priced based on what you enter on your return. So if you start with Deluxe, but add investment income, you'll need to upgrade to Premier. If you purchased a multi-return package, you will be charged the difference if you enter something that is not included in the version that you bought.      

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.  You must first wait until the initial return is completely processed.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start new at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download 

After indicating that your RMD amount is $0 for this 1099-R (since it's a duplicate), you'll get a screen asking if you Rolled Over, and the following screen asks the amount rolled over.    @joelo     

This article will help you download any data you had in ItsDeductible (if used previously or during the year before it was shut down in October).   A FMV calculator has been added, but it does not have the same functionality as ItsDeductible.    We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.  If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.