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DaveF1006

The best way to verify the link is to switch to Forms Mode (usually a button in the top right of the desktop software): Open Form 8825. Look at Line 6 (Auto and travel) or Line 14 (Depre...

The best way to verify the link is to switch to Forms Mode (usually a button in the top right of the desktop software): Open Form 8825. Look at Line 6 (Auto and travel) or Line 14 (Depreciation). If you chose Actual Expenses, the depreciation portion of the vehicle cost will show up on Line 14, while gas, insurance, and repairs usually roll into Line 6. If the numbers are there, the "link" is working, even if the step-by-step interview isn't prompting you for it anymore.

JanetF2

Thank you for trying to help, I did call Customer service who tried to help but was of the opinion that my computer for some random reason corrupted the file. It apparently also decided to to it fo...

Thank you for trying to help, I did call Customer service who tried to help but was of the opinion that my computer for some random reason corrupted the file. It apparently also decided to to it for my 2023 return! It seems to me that the update they make you run actually corrupts the file. Particularly as this was not just my problem. I have now just gone ahead and started anew without importing. Thanks again for reaching out to help

Scrable

Merci. Hier cela a fonctionné.

DeathByTaxes

Mike; appreciate the reply. I am already dealing with two 1099-DIVs, and TT is unable to process these independently. How would it help to break these into even more 1099-DIVs? I would expect the exa...

Mike; appreciate the reply. I am already dealing with two 1099-DIVs, and TT is unable to process these independently. How would it help to break these into even more 1099-DIVs? I would expect the exact same problem to persist. (I should also add that I have VERY complicated 1099-DIVs, so I am disinclined to alter what was auto-downloaded from my financial institution.) It seems to me that a workable solution might be to report RIC as the country for all of the foreign income (on both 1099-DIVs). I believe that I might be able to swing that in TT as I saw both current 1099-DIVs listed when I went after my first country, and TT fails me when I circle back for a second country. Any idea why the IRS wants to know the specific countries?

Scott19951995

I have a similar situation that I thought I fixed by putting in a 1099-R for both my husband and me for excess ROTH contributions made in 2025 but withdrawn (with earnings) before the tax deadline. T...

I have a similar situation that I thought I fixed by putting in a 1099-R for both my husband and me for excess ROTH contributions made in 2025 but withdrawn (with earnings) before the tax deadline. The problem is that we had tax withheld from the earnings and this is showing up on the 1099-R for 2025 (which I manually entered in boxes 4 and 14) but if I am understanding correctly this withholding applies to next year's taxes. Should I zero the withholding out manually and then when the form comes next year add it to my 2026 taxes? It made my taxes get rejected because the Tax Withheld amount is different from what appears on my 1040. Turbo Tax is correctly not adding it to Tax Withheld for 2025 but it is on the 2025 1099-R that I created. Thanks!

1997retird

I haven't got a reliable answer. or a solution, to this discussion nor another discussion I started. Both issues occured the last 2 years after over 30 years using TurboTax and e-filing both Federal ...

I haven't got a reliable answer. or a solution, to this discussion nor another discussion I started. Both issues occured the last 2 years after over 30 years using TurboTax and e-filing both Federal and State each year without issue... Our tax returns for many years, always include the same 1099-R''s, 1099-INT's. Social Security, and monthly retirement payments. We always take the Standard Deduction. The only change is the dollar amounts of each. My best guess is that the Oklahoma State e-file data lacks something required by the state. They require a copy of the 1099-R, 1099-INT, or others that show that witholding taxes were collected. The TurboTax Oklahoma does not have an option to give this what they require (copy of the mentioned forms). Thus I get a letter to provide them or I could be subject to an audit. 2 Years now I get this letter. On the Fedseral TurboTax e-file the last 2 years I get a letter that the return needed further processing thus they could not direct deposit the refund. Both years I received the refund check in the mail and then a week later I get this letter from them. Both Federal and State tax returns e-file had the exact Routing Number and Account Number I have used for 30 years and direct deposit was newver an issue until the psast 2 years and only with the Federal refund. Bottom line my guess is that TurboTax should look into this as it seems to be e-file related and tweaking is neessary. Thanks ... gave my best answer here for Both Discussion I initiated. Other Discussion: https://ttlc.intuit.com/community/retirement/discussion/turbotax-premier-desktop-oklahoma-state-e-file-doesn-t-include-a-copy-of-1099-r-as-oklahoma-requires/01/3814172#M262031

DaveF1006

No, the financial institution is likely correct. 1099-R forms report distributions (withdrawals) made during the calendar year (January 1 to December 31). If you withdrew $18,000 in calendar year 202...

No, the financial institution is likely correct. 1099-R forms report distributions (withdrawals) made during the calendar year (January 1 to December 31). If you withdrew $18,000 in calendar year 2024, their system will only reflect that $18,000, even if $500 of that was intended to "correct" a 2023 contribution. Yes, you made the mistake. Form 5329, Part IV (for Roth IRAs), tracks the "excess" currently in the account. Line 18 asks for the excess contribution from the previous year. Line 20 is where you record the amount you actually distributed (withdrew) during the tax year to reduce that excess. If you only moved $18,000 out of the account in 2024, you cannot claim a $18,500 reduction on line 20. When you file your amendment for the 2024 return, you should update Form 5329 to match the reality of the 1099-R. Line 18 $18,500 This is the cumulative excess carried over form the 2023 return Line 20 $18,000 This must match the actual distribution shown on your 1099-R. Line 24/25 $500 This shows the IRS that you still have $500 of "excess" left in the Roth.

bbsguru

I'm kinda thinking the fix didn't work. Getting the same symptom March 20th. Sure miss the concept of "Tech Support" for faulty software, or at least a place to contact the company...

amahwest

My gambling Schedule C is rejecting because I have loss so 1040 $0 does not equal the Schedule C Profit or Loss. What am I doing wrong? I know I can't take a loss.

dwpmr

I chose BC and CRA account is fine. WHen I amke the suggested changes to file as a full-yaerr resident, My personal deduction becomes the full year amount and the refund increases significantly. Bu...

I chose BC and CRA account is fine. WHen I amke the suggested changes to file as a full-yaerr resident, My personal deduction becomes the full year amount and the refund increases significantly. But it is incorrect and if I override it, I still cant use netfile.

vferrell2007

where do I report 1099SM

jslevitt

user17740415272

Ok juste pour être sûr de comprendre. Je paie ma cotisation FTQ par mon employeur directement de ma paie. Je crois déjà recevoir des crédits d'impôt à chaque paie. Quand je veux entrer les données...

Ok juste pour être sûr de comprendre. Je paie ma cotisation FTQ par mon employeur directement de ma paie. Je crois déjà recevoir des crédits d'impôt à chaque paie. Quand je veux entrer les données de la case A du relevé 10, est-ce qu'en plus d'ajouter les chiffres pour la section du relevé 10, je dois aussi ajouter ces chiffres dans mes cotisations de reer réguliers ? Merci

MarilynG1

If your 2024 return did not transfer into 2025, add your Business Vehicle again in the Rental section to calculate any 2025 depreciation. If you did that, make sure you didn't indicate that you want...

If your 2024 return did not transfer into 2025, add your Business Vehicle again in the Rental section to calculate any 2025 depreciation. If you did that, make sure you didn't indicate that you wanted to claim 'the standard mileage deduction' in the interview, because depreciation is built into that deduction, not calculated separately. If you choose NO, you're then asked for actual expenses and you should have a depreciation deduction for 2025. Look at the Car and Truck Expenses Worksheet, Part V from your copy of your 2024 return to see the amount of depreciation claimed that year. Since you only owned the vehicle for six months in 2024, you would only be able to claim depreciation for the time you owned it. Indicate that you purchased the vehicle in 2024 with a date, and started using it for Business on that date. Enter total and business mileage for 2025. You're then asked the purchase price, and the value when you started using it for business (date you purchased). You're also asked if you took Special Depreciation and the amount. This will be on Line 34 of your 2024 Car and Truck Expenses Worksheet. When you get this info entered properly into the interview, you'll have a depreciation amount for 2025 on Form 4562. @dchiang8

RobertB4444

The amount on line 29 is the amount of pensions excluded from New York taxes. The primary adjustment for this takes place when you enter the pensions into the system and then when you adjust the inc...

The amount on line 29 is the amount of pensions excluded from New York taxes. The primary adjustment for this takes place when you enter the pensions into the system and then when you adjust the income for New York. What is the system including on line 29 that should not be there?

bbsguru

Same symptom, March 2026.

jslevitt

AmyC

It depends: If you are the nominee, enter it as regular income. If you are the one that received forms erroneously, report the income and then remove the income. File nominee forms with the I...

It depends: If you are the nominee, enter it as regular income. If you are the one that received forms erroneously, report the income and then remove the income. File nominee forms with the IRS. Report the income and adjustment on Your tax return You must list the transaction on Form 8949 and Schedule D to reconcile the amount reported to the IRS under your Social Security Number. Report the sale on Form 8949 exactly as it appears on the 1099-B you received (Proceeds in column d, Cost Basis in column e). Apply the Adjustment: In Column (f), enter Code N (which stands for Nominee). Zero Out the Gain/Loss: In Column (g), enter the amount necessary to make the final gain or loss in Column (h) equal $0 (or your actual share, if you owned part of the asset). If the 1099-B shows a gain, enter that amount as a negative in column (g). If it shows a loss, enter that amount as a positive in column (g). File Nominee Forms with the IRS Since you are acting as a "middleman," the IRS requires you to officially shift the tax burden to the actual owner. Create a New 1099-B: You must issue a new Form 1099-B to the actual owner. On this form, you are listed as the "Payer" and the actual owner is the "Recipient." File Form 1096: This is a cover sheet (Annual Summary and Transmittal) that you mail to the IRS along with a copy of the 1099-B you created. Deadlines: * Provide the 1099-B to the actual owner by February 15. File the 1099-B and Form 1096 with the IRS by February 28 (or March 31 if filing electronically).

Paultar

My return was rejected because one of my dependents filed their return without indicating we would claim them as a dependent. Should I just remove them as a dependent and re-file? I had taxes to pay,...

My return was rejected because one of my dependents filed their return without indicating we would claim them as a dependent. Should I just remove them as a dependent and re-file? I had taxes to pay, so removing them means the amount I had to pay increases. What to do?

gluch2023

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where do I report it

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When do you check the box for: "check here if your main home and your spouse's if filing joint return was in the US for more than half of 2025"

Re: how to report 1099-b nominee income

Reurn rejected--dependent problem

Re: Déduction RRQ Ligne 248 /2025

Do you have a TurboTax Online account?

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