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I may have identified the problem with QBI not transferring to the QBI Deduction Worksheet.   The "Qualified Business Income Deduction Smart Worksheet" in Schedule C is showing the correct "Allowable QBI after loss limits" on Line 4c, but Line 5a (next line - "Total self-employed deductions") transposes the same exact amount ("Allowable QBI"), resulting in Line 5b, "Schedule C profit (loss) after S.E. deductions" to equal zero. All of the lines after 5b, therefore, show 0.   The actual S.E. deduction amount from Schedule SE Line 13, "Deduction for one-half of self employment tax" has not transferred to Line 5a.    

This is a volunteer public discussion group with some participation by TT staff. We do not have access to your information to verify anything. You could provide the information needed for a volunteer to review (your age, total value of retirement plans on 12/31/2024 (assuming tax year 2025 RMD), and if it is an inherited plan or your own plan).  It doesn't count as inherited if you inherited it from your spouse and rolled it over into your own name.   Or perhaps it would be quicker if you just tried one of the many Internet RMD calculators, such as: https://www.schwab.com/ira/ira-calculators/rmd

My first State return rejected due on the 24th because of the missing Turbotax update.  I downloaded the update today and refiled and it still rejected with the same error (see below).   Description of error: Your Wisconsin tax return has not been e-filed successfully due to changes related to Wisconsin's retirement income. What needs to be done: Your Wisconsin return wasn't submitted yet. We're updtating Turbo Tax for a recent change ot Wisconsin's retirement income section. The update will be available on February 26, 2026. On or after that date, please log in and ensure your product has been updated (online versions update automatically). Make any changes based on the following guidlines, complete a final review and resubmit your return.   1.  If all of your retirement income is from qualified plans -- like a 401(K), 403(b), or government pension -- you can simply review and resubmit.  Most workplace retirement plans are qualified. 2.  If you have retirement income from a non-qualified plan (uncommon), go to Retirement Benefits Adjustments and follow the steps to update your amounts before resubmitting.   We truly apologize for any inconvenience this might have caused.   I also read on the Wisconsin Revenue website that there is no income cap (see below). Does the new retirement income subtraction decrease or phase out based on the individual's overall income? No, the retirement income subtraction under sec. 71.05(6)(b)54m., Wis. Stats., does not have an overall income limitation or phase out.   If the update I received this morning is not the fix, when will the correct update be released?          

You don't need to print and mail, you can e-file your return.   A California Secretary of State (SOS) file number is a minimum of 7 digits long, a maximum of 12 digits long, and can only contain the numbers 0-9. If the SOS number contains a letter (such as "B") that letter should NOT be entered - only enter the numbers.

Plusieurs personnes sont dans cette situation, malheureusement. Pour commencer, il faut vérifier si vous utiliser des formulaires qui sont encore verrouillés en attente de finalisation et validation. Voici la liste: Quels formulaires d’impôt sont verrouillés?   L'équipe technique nous avise que les formulaires sont en cours d'élaboration. Des mises à jour sont intégrées au fur et à mesure aux tableaux DPA. Il s'agit d'un état de développement connu et non d'un bogue. Le tableau DPA dépend toujours de la finalisation des formulaires de l'ARC et de Revenu Québec. Nous travaillons activement à sa mise à jour dès que ces formulaires seront disponibles. Merci de patienter    

No, New York's registration fees are based on the vehicle's weight, which makes them not eligible for the federal personal property tax deduction.   To be deductible on Schedule A (Line 5c), the IRS requires a vehicle fee to meet three strict criteria: It must be based solely on the value of the property. It must be charged on a yearly basis. It must be a tax on personal property, not a fee for a service. New York DMV registration fees are calculated by weight class. Since it is not charged based on your vehicle's value, it is considered a "user fee" rather than a "personal property tax."   However, if you use your vehicle for business (such as: freelancing, Uber, DoorDash, consulting), you can deduct the registration fees as a business expense.  The "value-based" rule doesn't apply in this case; so you can deduct the actual cost proportional to your business mileage.

Ad Valorem tax is based on the value of the property. This can apply to several things, let's look at the most popular. House- real estate taxes paid can be entered, the full amount on federal under  deductions and credits. Business items - would have ad valorem tax Vehicle, boat, trailer - check to see if you are paying based on the value or the weight. I believe AR is weight based and does not qualify. See AR ad valorem Assessments

If your return was already submitted, you must wait until the IRS accepted it or rejected it.   If it was rejected, go to your account and double check ‌the numbers you have already ‌entered. Keep in mind that some letters and numbers can look very similar, like the upper O and zero, and the lowercase l and number 1. To do this: Sign in to your TurboTax account and open your return. Go to the File tab on the left-hand menu. Select Start/Revisit next to "Step 2: your refund/payment info."  Edit your bank account information as needed. If the issue persists, please check ‌your browser settings (clear your cache and cookies).   How do I delete cookies  How to clear your cache    ***If your return was accepted by the IRS you may need to file an amended.  

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Desktop/Download Versions: 1. Open your return. 2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent”* 3. This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us. 4. Please provide the Token Number that was generated in the response. *(If using a MAC, go to the menu at the top of the screen, select Help, then, Send Tax File to Agent”)  

  Just to add to this I have 3 points/questions... 1) I noticed when I entered my first 1099-Q it tells me that Box 1 (Gross Distributions) needs to equal Box 2 (Earnings) + Box 3 (Basis).  They do.  I checked with the calculator several times. I can enter it a second time and delete the first and its OK.  I suspect the programmer needs to clear cache.  I, like the person wanting AOTC credit, must enter my 1099-Qs. There is a work around but it can be confusing.  2) I did a QTP to Roth transfer that should not be taxed but it is showing taxed. I hope Friday's update also fixes this as well. Will it? 3) I have a single 1099-Q that has qualified and unqualified distributions for my daughter that attends the Naval Academy. Right now its all taxed with a 10% penalty being charged. Will the Friday fix make sure the 10% penalty does not occur? My confidence in Turbo Tax is it an all-time low, this seems like something automating testing would catch. Regards, Long-time TurboTax User

You should have received a form 1099-R from the insurance company. You enter it as you would any other 1099-R.   See these prior answers. If you have further questions, please ask.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/claim-pension-annuity-income-tax-return/L9o2FjQb8_US_en_US https://ttlc.intuit.com/community/retirement/discussion/annuity/00/3101126