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401(k) plans do not issue Forms 1099-B.  Did you receive an in-kind distribution of shares from the 401(k) and subsequently sold the shares outside of the 401(k)?  If so (and your distribution from t... See more...
401(k) plans do not issue Forms 1099-B.  Did you receive an in-kind distribution of shares from the 401(k) and subsequently sold the shares outside of the 401(k)?  If so (and your distribution from the 401(k) was not done as a distribution of Net Unrealized Appreciation), upon distribution from the 401(k) that shares are treated as non-covered share with a cost basis equal to the share value upon distribution and a holding period that began on the date of the distribution.   Or are you actually trying to enter a Form 1099-R?  box 2a of a Form 1099-R would normally show the correct taxable amount of the distribution from the 401(k).
dont allow to use the one on the drivers license
I managed to make it work too, but slightly differently.  Turbotax suggest the Cap Asset Sales(1) form (which is slightly indented) is at fault.  Clicking on 'not a digital asset' in that form indeed... See more...
I managed to make it work too, but slightly differently.  Turbotax suggest the Cap Asset Sales(1) form (which is slightly indented) is at fault.  Clicking on 'not a digital asset' in that form indeed did not work.  What did work for me is to go to the main Cap Asset form (not indented) and click on 'non digital transactions' on that form.  That made the error message go away
Thanks to whoever responded but I still don't have any idea where to find section 179 on the Turbo Tax website??
Form 6252 reports installment sales. To include your Commissions and other sales expenses:   Log into TurboTax Online and open your return. Choose Federal >> Income from the left column. ... See more...
Form 6252 reports installment sales. To include your Commissions and other sales expenses:   Log into TurboTax Online and open your return. Choose Federal >> Income from the left column. Navigate to Installment Sales under Less Common Income Click Start/Revisit If you have already started your installment sale, click on Edit next to it. Continue past the "Property Description" screen. On the "Sales Information" screen, enter the commission amount in the "Sales Expenses" box. Note that this thread was unrelated to your topic. You may receive more a timely response in the future if you create a new post.   @tburke5313 
We set aside $3,458 into an FSA to cover daycare expenses. Turbotax is adding this amount to my taxable income.
My recently updated desktop version of TurboTax Premium states that Idaho forms on the TT program are not yet compliant with the OBBBA and that I can go ahead and use the current forms to complete my... See more...
My recently updated desktop version of TurboTax Premium states that Idaho forms on the TT program are not yet compliant with the OBBBA and that I can go ahead and use the current forms to complete my Idaho taxes or wait till TT updates the compliant forms.   Question:  When will TurboTax have the updated Idaho forms available for uploading/updating?
Yes. When you have your tax return open in TurboTax Online follow the steps below. Search > Type schedule c > Click the Jump to... link Select Edit beside your business > On the screen 'Here's you... See more...
Yes. When you have your tax return open in TurboTax Online follow the steps below. Search > Type schedule c > Click the Jump to... link Select Edit beside your business > On the screen 'Here's your business Info' you will see a button  Click on 'Import expense transactions' > Select 'Connect my accounts' > follow the prompts If you are unable to connect your bank you an manually enter your expenses How do I report self employment income? Where do I enter my self employment business expenses
1. You only need to check Traditional IRA since you only made a Traditional  IRA contribution in 2025. Unless you want TurboTax to keep track of your prior years Roth IRA contributions.   2. Yes,... See more...
1. You only need to check Traditional IRA since you only made a Traditional  IRA contribution in 2025. Unless you want TurboTax to keep track of your prior years Roth IRA contributions.   2. Yes, you enter the Traditional IRA contribution of 7,000.   3. Don't enter anything on this screen, this is for recharacterizations. You made a conversion in 2025, this will be entered in the retirement section when you enter your 1099-R.   4. Delete the recharacterization screen.   5. Yes, you will select "yes" here and enter the basis from your 2024 contribution ($7,000) on the next screen.   6. Correct you do not enter a Roth IRA  contribution.   7. Yes, you can enter your prior year Roth IRA contributions if you want TurboTax to track your basis. Do not include the amount that was recharacterized in 2024.    8. Correct if you never converted anything to Roth IRA. Note, recharacterization and conversion are different.  Recharacterization from a Traditional IRA to Roth IRA is pretending you never made the contribution to the Traditional IRA, you pretend you only made it to the Roth IRA. This can only be made by the due date.  Conversions to Roth IRA can be made anytime and is moving the funds from Traditional IRA to Roth IRA (you did this in 2025).   9. You select "No" since you fixed your Roth IRA excess contribution in 2024 by recharacterizing it as a Traditional IRA. You shouldn't have had an excess contribution since the gains are deemed to have been earned in the Traditional IRA because of the recharacterization. When you convert the funds from Traditional IRA to Roth IRA the gains will be taxable but it will not trigger excess contribution because it is not a new contribution to the Roth IRA.   10. Yes, the value of $1 is entered correctly.  No, you do not enter anything under outstanding recharacterization. You made a conversion. Please delete the entry.   11.  The incorrect taxable amount results from a few wrong entries once you fix them it should show the correct taxable amount.   12. No, you should show a Traditional IRA contribution. Once you delete the recharacterization during the IRA contribution interview this should be fixed.   @ales01    
According to the Michigan Department of Treasury , the federal identification number used for unemployment insurance payments on Form 1099-G is 38-6000134.    This identification number is typica... See more...
According to the Michigan Department of Treasury , the federal identification number used for unemployment insurance payments on Form 1099-G is 38-6000134.    This identification number is typically found in box 10b of your 1099-G statement for tax reporting.
I purchased a car for my business and like to report it as section 179 vehicle write-off. Where do I start?
If line 4a shows $3,749 while line 4b shows $3,442, this implies that you have indicated to TurboTax that you have basis in nondeductible traditional IRA contributions and TurboTax is calculating on ... See more...
If line 4a shows $3,749 while line 4b shows $3,442, this implies that you have indicated to TurboTax that you have basis in nondeductible traditional IRA contributions and TurboTax is calculating on Form 8606 Part I that the taxable amount of your $3,749 distribution is $3,442.  This would be because your traditional IRAs consist of 91.8% pre-tax money and 8.2% after-tax money.  Both pre-tax money and after-tax money distributed from your IRA satisfy your RMD.
To delete form 5695 in TurboTax Online, please follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the T... See more...
To delete form 5695 in TurboTax Online, please follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center  page, click on Delete a form  A list of forms will appear. Locate form 5695 and click Delete next to it. On the next screen, click Delete Form
On the1099-S turbo tax is requesting dates of when I obtained the home and when it was sold. I do not have those dates?
Did you use your HSA during 2025? If so, you should call your HSA administrator or log into your online account and see if you have tax forms.    Also, were your only contributions to the HSA don... See more...
Did you use your HSA during 2025? If so, you should call your HSA administrator or log into your online account and see if you have tax forms.    Also, were your only contributions to the HSA done through payroll?    If you did not have out of pocket contributions and did not use your HSA in 2025, you may not get any forms and there would be nothing to report.
If this K-1 came from an estate or trust, the amount from Form 1041 Schedule K-1 Box 11 Code B refers to state and local taxes that must be manually entered on the related tax form.   Log into... See more...
If this K-1 came from an estate or trust, the amount from Form 1041 Schedule K-1 Box 11 Code B refers to state and local taxes that must be manually entered on the related tax form.   Log into TurboTax and open your return. Go to Federal >> Deductions & Credits >> Estimates and Other Taxes Paid >> Other Income Taxes >> Withholding not already entered on a W-2 or 1099.  Choose a state from the State withholdings drop-down and enter the amount from Box 11 Code B.   Your entries will report the amount on Schedule A Line 5a.