All Posts

Hi -    Found similar posts but not quite what I am looking for.    I filed my 2025 Federal/State tax return through Turbotax early February 2026.  Based on my MAGI Turbotax calculated, I was able to contribute 6560 to my 2025 Roth. I contributed this amount AFTER filing as a make-up contribution for 2025.    A couple of weeks later, I received notification from the IRS that there was a 'math error' and that my taxable income and AGI was higher than what Turbotax calculated. Due to this, I had now over-contributed to my 2025 Roth by about 1,000. I corrected this and removed the excess this week (mid-March 2026).  I incurred a loss of about 15 dollars.  Fidelity (where the Roth is) states they will send a 1099-R form January 2027.    1. Do I need to amend my 2025 Federal tax return? I assume the answer is 'no' as I incurred a loss and withdrew prior to April 15. There also wasn't anywhere to enter this information on the 1040-x when I reviewed it.  2. If I do not need to amend my 2025 Federal tax return, am I going to have to designate something somewhere that I withdrew the excess contribution prior to April 15, and that there was a loss in my 2026 Federal tax return? Or will Fidelity's communication with the IRS essentially do this for me?    Thank you!

I believe there is an error in the Turbo Tax Desktop Program concerning excess HSA contributions.   Here are my details - Married Filing Jointly Both my wife and I are covered by HDHP, family for me, self for my wife My employer contributed $8,298 to my HSA in 2025 My wife's employer contributed $4,300 to her HSA in 2025 I contributed $252 to my HSA in 2026 Problem details - In Turbo Tax when it asks for my HSA contributions, the employer field is auto populated for the $8,298, and I manually enter the $252 that I contributed Several screens later I get the message for Who made the excess HSA contribution I state I have and then it asks if I will withdrawal the full $4,300 by April 15, 2026, which I did and I mark "Yes" The next screen is a my HSA Summary page where it lists $4,250, and $4,300 for the Tax-free company contributions for my wife and I. Under that it states "Excess company contributions withdrawn" of $4,048. There is no place that states I had an excess contribution that was withdrawn of $252. Form 5329 is created for me and I am charged the 6% excess contribution penalty on the $252 Summary -  Turbo Tax is failing to account for my personal contribution that was withdrawn and is charging me the 6% penalty on excess contributions.   Please get this fixed ASAP.   Thanks, Sean

TurboTax is asking me to manually enter my 1099-MISC information before it gave me the option to import the package I received from my investment firm.  When and where will it ask me to import the package, so I won't have to manually enter the 1099-MISC information?

Update / Resolved: I confirmed that when the allowed foreign tax credit is $0, TurboTax may suppress Form 1116 and related worksheets from the filing/print packet. This is expected behavior. Carryovers are still preserved in the TurboTax data file and will transfer to next year’s return, even if Form 1116 is not filed this year.   *************************** Hello, I am having trouble getting the following 3 items to print in TurboTax Desktop 2025, and I want to make sure they are included properly for IRS filing:   Form 1116 – I can see it in Forms view, and I can print it individually, but it does not appear in any of the print packets, including “Print Return Only” or “Print Return & All Calculation Worksheets.” Foreign Tax Credit Computation Worksheet – behaves the same as Form 1116: it prints individually but does not appear in any print packets. Foreign Tax Carryover Reconciliation Schedule – this is not generating in my current return. I do have a hard copy from a previous version of my 2025 return where the form and related worksheets printed correctly. While capturing screenshots of the interview, something appears to have changed, and the form stopped generating. To troubleshoot, I performed a full reset: uninstalled TurboTax Desktop, deleted all related files (including TY25 return files), reinstalled the software, and recreated the return from scratch by re-entering all data. FYI, these are the steps I followed to uninstall and reinstall, per help in Turbo tax: “1. Uninstall TurboTax from your computer. 2. Show hidden files in File Explorer by selecting the View menu and checking the Hidden Items box. 3. Delete folders for the tax year from these locations: - C:\ProgramData\Intuit\TurboTax\TY25 - C:\ProgramData\Intuit\TurboTax\MSI\TY25 - C:\Users\{username}\AppData\Roaming\Intuit\TurboTax\TY25 4. Empty your Recycle Bin. 5. Restart your computer. This will remove all files for that tax year so you can reinstall TurboTax Desktop and start fresh.” My goal is to: Ensure that the appropriate forms/worksheets print as part of a full print packet. Ensure that they the appropriate form(s) and/or worksheet(s) are included with my tax filing so that the IRS has a record of my foreign tax credit carryovers for future years. Could you please advise what steps I need to take in TurboTax to achieve this?   Many thanks, Lynn

I am on Premier DESKTOP.   I imported 1099s & am currently working on my Foreign Tax Paid Credit (do not want Deduction.)    Foreign Dividends were $3,700 & Tax Paid $631. When I went ito Forms Tab, 1116 showed a Carry Back (???) & a Carry Forward which make no sense. I have never had that before, and every year my Foreign Dividends & Tax Paid have always been almost exactly the same.   I am quite certain I have not exceeded the maximum & I certainly havn't requested Carry Forward or ESPECIALLY NOT Carry Back bc I don't want to do an Amended Return for 2024!   Something has gone haywire IMO. Do I have to start from scratch after almost finishing my Return or can I fix this problem? Can I fix it in the Form itself or is there a way to get back to the Foreign Tax Credit under Deductions & Credits and correct whatever has gone wrong? Never happened in over 10 years with Fidelity, so I'm not sure what happened.   Wouldn't it be nice to be able to see the form that was imported to make sure that it matches the physical (electronix) 1099 that was issued?