All Posts

If you are still having issues to access to your email address and can't sign in to your account, please refer to the link below to see how to recover your information:   I need help signing in to my Intuit Account  

If you are using TurboTax Do It Yourself (Online), you can use the search on the Tax Home page to look for "medical". You will need to use the Deluxe or higher versions of the software to report medical expenses.    

The increase in your federal refund may not be directly influenced by your Schedule K-1 entry. You would need to review the worksheets that flow onto Schedule A.   According to the IRS Instructions for Form 1065 Deductions—portfolio income (code AE): "Enter amount of deductions related to portfolio income which were formerly deductible by individuals under section 67 subject to the 2% AGI floor. For partners other than individuals, amounts that are clearly and directly allocable to portfolio income (other than investment interest expense and section 212 expenses from a REMIC) can be deducted on those partners’ income tax returns."   Have you checked the Miscellaneous Itemized Deductions Worksheet (a TurboTax form)? When you enter a value for Box 13 Code AE, the amount should appear on Line 16 of this worksheet. Although the deduction is not allowed for federal tax purposes, it may be transferred to your state income tax return.   You can view this worksheet in TurboTax Desktop using Forms Mode. If you're using TurboTax Online, you'll need to print your return, including all forms and worksheets. See How do I get a PDF of my return?

Limited partnerships (LP) reduce the cost basis reported on their K-1 every year by the amount of distributions and losses. After 20 years of ownership the cost basis has turn negative. In my case the cost basis is $-5,520. When reporting this on form 8949 column e, the form subtracts $-5,520 from the sales proceeds $13,637 in column d, giving the correct gain of $19,157. SALES PROCEEDS - (COST BASIS) = SALES PROCEEDS + COST BASIS. I see nothing incorrect about reporting this as a cost basis of $0 with proceeds of $19,157 to avoid not being able to e-file because of a negative cost basis. In addition to this question, I also have a question about what to do with the duplicate sales information I received from the brokers 1099-B. This information is incorrect because it does not have the adjusted cost basis as described above, resulting in a net loss. The broker said the K-1 data has priority. Should I just not include a 1099-B?

So far as I can tell, TurboTax Pennsylvania handles this problem in a reasonable way that does not require overrides. The result is not consistent with my Maryland return, but @DaveF1006 tells me it doesn't have to be and the difference is de minimis. The Pennsylvania return displays a "Dividend Summary" that offers a user the ability to edit each Form 1099-Div. Clicking on the edit button displays the following screen: The top number is the total amount of ordinary dividend for the relevant Form 1099-DIV. The U.S. obligations amount in the total interest on U.S. government obligations for this Form1099-DIV. Both amounts are carried over from the federal return. The user supplies the "adjustment amount." In my case, although the instructions on the screen are obscure, I entered the amount of the dividends from this 1099-DIV while a resident of Maryland minus the interest on U.S. government obligations I received while a resident of Maryland. The results are displayed on a TurboTax form titled "Adjusted Dividend Income and Dividend Income Summary." The program appears to subtract the adjustment amount from the total ordinary dividends (the difference should be the amount of total ordinary dividends from this Form 1099-DIV allocated to PA), divides this difference by the total ordinary dividends on the Form 1099-DIV and multiplies the result by the total interest on U.S. Government obligations I received ($524). The result ($345 in my case) is the amount of interest on U.S. government obligations. It's a little higher than I'd expect, but it's at least reasonable in that it's less than the $524 total and less than the dividends I received from this fund while a resident of PA. I'd appreciate your assessment of this approach @DianeW777 and @DaveF1006. (END)      

Yes, you can re-import the entire 1099 to make your corrections, but before you do, make sure that you delete the 1099 that you want to replace. Follow these steps to delete your Form 1099:   Open your return. Go to Tax Home Select Tax Tools in the left menu Click on Tools A pop-up will come out called Tool Center Select Delete a form Select Delete next to the Form 1099 that you want to delete   If you are using TurboTax Online, please follow the instructions in this TurboTax Help article to delete a form.   If you are using TurboTax Desktop, please follow the instructions in this TurboTax Help article to delete a form.  

Thanks for the reply, i reallized the issue is because I wrongly assume recharactorize same as conversion, after i answer No for recharactorize , everthing is fine.  And the the 8606 form is aligned with what you said.    btw, i have  my company covered 401K, my company 401k gives me 1099R, so 1099R summary is still there, i didn't delete it.  Hope it is good.

Generally, this error is caused by associating a T4 with the wrong Relevé 1. This occurs when the person has, for example, 2 T4s and 2 Relevé 1s, or when the employer has submitted 2 T4s but only one Relevé 1.   If you are in the situation where you have 2 T4s and 2 Relevé 1s, please make sure you have correctly associated the Relevé 1 with the correct T4. You may want to try deleting the slips and re-entering them to make sure that the T4 for the Ontario job is not being associated with the T4 that came with the RL1.      

In the pop-up window Tool Center, choose Delete a form. Then find the Retun Worksheet: Enrollmentstatus. Be sure to click through all your forms via the 'Next page' links at the bottom of the forms window because it could be on page 3 or 4 for you of all the forms in your taxes. Select Delete next to the form. Then E-file your taxes.   This took me more than 4 hours, and the 8th turbo tax specialist was able to resolve it.  Hope this tip saves YOUR sanity and time.

A form 5329 was generated but only populated with the box 16 "A" that includes the amount of the traditional IRA as of 12/31/2025 (before the correction).  No other fields are populated.   Form 1099-R also populated, but it only includes information related to an inherited IRA that had a required minimum distribution, nothing related to the transaction of the over funded IRA.   The IRA contribution worksheet notes the $8000 on line 1 and line 5, the $3500 correction on line 6 and the total contribution of $4500 on line 9.  Line 12 and 16 are also populated with $4500   I think all of these forms are okay(?), but what I can't figure out is how and where to add the $96 of interest that was also withdrawn when the $3500 was withdrawn (in calendar 2026).  Everything I read says it is taxable in 2025 (even if corrected in 2026), but Turbo tax did not prompt me to enter it anywhere.

Because you have already ‌filed, you must wait until the IRS accepts or rejects the return. If it is rejected, you can go back to your account, in the "My Info" section to make the pertinent changes. If the return was accepted it, you will have to file an amended return to change the status, generally after you have received your refund.  

Both lines 52 a&b are a function of Required Minimum Distributions (RMDs)  RMD's are annual withdrawals from tax-deferred retirement accounts like 401(k) or 403(b), Deferred-compensation plan etc.required by the IRS, usually starting at age 73. These numbers are based on your statement during the retirement interview in TurboTax.   52 b "Minimum required distribution for 2025 from all other plans A non-qualified plan is an employer-sponsored retirement or deferred compensation." Unlike 401(k) plans, they offer unlimited contributions, no mandatory participation, and greater flexibility, but lack tax-qualified status.  Deferred-compensation plan. A deferred compensation plan allows an employee to earn wages for one year, but delays receiving the payment until a future date—usually retirement. ... Salary-continuation plan. ... Executive bonus plan. ... Split-dollar life insurance plan. ... Group carve-out plan.

I also very much need to enter in information regarding the Flow Through Entity Tax (For the state of Michigan) I have been searching and searching for this. There is no prompt or screen or location that I can find called Income Tax Paid by Entities either in the Income section under federal or anywhere in the state return section. 

You can't just override the calculated amount. But your description of how it is calculated is not correct. It's not clear what you think is wrong. First of all, you started off saying your AGI is not calculated correctly, but then you described how you think total income is supposed to be calculated. AGI and total income are not the same. Total income is Form 1040 line 9. AGI is line 11a. Line 9 says "Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7a, and 8." Lines 1a through 1i are not added in. What are the exact amounts on lines 1z, 2b, 3b, 4b, 5b, 6b, 7a, 8, 9, 10, and 11a? Look at the actual Form 1040, not a summary screen in TurboTax.