All Posts

Une correction sera apportée le 2 avril lors de la prochaine mise à jour. Vous pouvez contourner le problème en entrant $ 1.00 dans la case G 2 du Relevé 1. Les cacluls se font bien par la suite.  Nous sommes désolés pour cette inconvénient. Merci pour votre patience.

If you are 65 or older, when you print your return it will print out on Form 1040SR.  Form 1040 and Form 1040SR are identical.  All the lines are the same, all the calculations are the same.   The only difference is the size of the print.  Your refund or tax due are not affected in any way by using Form 1040 or 1040SR.

You are correct: per NYS Tax Law (specifically Section 612(c)(3-a)), non-periodic/lump-sum distributions from deferred compensation plans like the NYSDC are not eligible for the $20,000 Pension and Annuity Exclusion.   You can try the following to manually override the amount the program thinks is eligible within the New York State section of the program.   Open or continue your return. Under State Taxes tab, Proceed through the interview screens until you find "Changes to Federal Income." Under "Wage and retirement adjustments", Click on Start/Update next to "Received retirement income." On your of your 1099-R distributions Summary. Click Edit next to the NYSDC distribution. Continue through the screens until you reach the "Governmental Pension Exclusion" (or a screen asking about the amount of pension/annuity exclusion), and Enter $0 in the box asking for the amount of this distribution that qualifies for the exclusion (Form IT-201, Line 29 should now be zero). You can also check... Under the Federal 1099-R entry, make sure the "Where is this distribution from?" screen does NOT have "NY State or Local Government" selected if it's a 457(b) NYSDC payment.   Selecting "NY State/Local Government" sometimes triggers the Full Exclusion (Line 26), which is for traditional pensions.  The correct federal selection is usually "None of the above" or "Qualified Plan," which then lets the State section handle the $20k rule (correctly excluding it).   Warning: If you leave that $20,000 exclusion on your return for a non-periodic NYSDC payment, the NY Department of Taxation and Finance's automated system will flag it (if your 1099-R shows a lump sum, they will likely send you a bill for the difference plus interest later this year).

La mise à voir du 17 mars a réglé tous mes problèmes.  J'avais révisé tous mes formulaire avant la mise à jour du 17 mars et j'étais incapable d'envoyer ma déclaration au Fédéral ainsi qu'au provincial.  Le problème résidait danc de votre coté puisqu'après la mise à jour du 17 mars j'ai pu envoyé mes déclarations sans autres changements a mes formulaires...

The 1099-R should be corrected by the plan administrator if the money was returned to them uncashed after your mother's death. If that does not occur, keep all of your documentation and the 1099-Rs in her tax file with an explanation. It's possible the IRS may inquire about them if your mother's final return does show taxable income on their end.   An alternative, if the plan administrator does not provide a corrected 1099-R,  is to report the income, especially if there is federal withholding then you can back it out with the steps below. Where do I enter Form 1099-R? Other Miscellaneous Income: Sign into your TurboTax Online account Go to Tax Home (left panel)  Wages and Income  section Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C Select Other reportable Income > Enter a description (----) and the amount as a negative (-100). Next year (2026) when the beneficiaries receive the income, they will report the 1099-R on each of their returns.

Is it worth adding it to the return?  Yes.  That is required, it is not a choice.  You must report all taxable income from all sources on your return, then you can make adjustments, if allowed, such as claiming the expenses related to self-employment. You will enter the 1099-NEC as self-employment income. The income and expenses as an independent contractor  will be reported on Schedule C which is part of the overall tax return. This also means he will be subject to the 15.3% SE Tax.  If he did not pay Self Employment (SE) Taxes in 2025, and if he does plan to do this again in 2026, it may be a good idea to make estimated quarterly payments to avoid penalties. Taking Business Expense Deductions     Do you have to own the car to get mileage?  Yes.  In order to claim the standard mileage deduction, you would need to own the vehicle.   Can you file for reimbursement if you are using the family car?  Yes and No.  You can claim the actual expenses which would be the actual amount he is paying for things like gas or tolls that is directly for coaching, but he cannot claim an amount per mile as that includes depreciation, insurance and other things that are directly related to the ownership of the vehicle. 

I wouldn't recommend posting to a PDF. I'm not sure what the flow through calculations would be. It may be worth consulting a local tax preparer with foreign income experience. It may be easier and safer than buying a new computer! @Dsghj48ad 

This is a partial rollover and it is entered in TurboTax Online like this:   Open your tax return Click on Federal in the left-hand column, then on Wages & Income Navigate to the list of income categories Locate the section Retirement Plans and Social Security and click on the arrow on the right Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R). Enter your form 1099-R and follow the interview When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days) On the next page titled Did you roll over all of this $[amount] (Box 1) to another retirement account?, click on No and enter the amount actually rolled over in the box below.

Were the GNMA items reported on an IRS form 1099-B and uploaded from your provider?  Please clarify.   If the items were reported on an IRS form 1099-B, the uploaded items should be reviewed for their accuracy.   If the items are removed the IRS form 1099-B total, the total will not equal the total reported to the IRS.   You may report a cost basis equal to the proceeds reporting $0 gain/loss.  The total proceeds reported to the IRS will equal the total proceeds reported on your income tax return.   In either case, retain your worksheets of the transactions with your tax records should a tax authority have a question at a later time.