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@ user17723939869 wrote: I have down loaded 6 times and keep missing the screen to enter  my lisconse code or when i do, nothing appears in that space. The license code is not entered when you are downloading the installation file.   It is entered toward the end of the installation process when you log into your Intuit Account.   See this FAQ below on the installation process, and it has an image you will ultimately encounter near the end of installation on where you sign into your Intuit Account then enter the 16-character license code (mix of letters and numbers)  XXXX-XXXX-XXXX-XXXX.   FAQ:  Getting started with desktop TurboTax https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-download-software-license-code/L1wFOSXur_US_en_US

I had the same issue, the imports from Schwab didn't appear to work; most likely cause - consolidated reporting where there is both a 1099-DIV and a 1099-INT together.  The only workable solution is to manually enter the information, especially when there were stock sales where the original cost basis is "missing".  Happens to all of us who were Waterhouse, then TD Ameritrade customers ported into Charles Schwab.  Correct the missing cost data within TurboTax, and be sure to indication it was 'missing' on the input.   Print out the forms from your brokerage and enter them manually, carefully.  Importing is problematic.  I was told by Intuit TurboTax support that this will not be fixed for 2025.  Double check the information, as you may find an odd 1099-DIV or 1099-INT appearing from a partial import.  

Gambling winnings are taxable income. You can deduct your gambling losses only to the extent you have gambling winnings. Maybe revisit the gambling income section and make sure you have entered the winnings and losses correctly.   Here's where you enter Form W-2G (Certain Gambling Winnings) in TurboTax: Locate the W-2G section: TurboTax Online/Mobile: Go to W-2G under Wages & Income. TurboTax Desktop: Go to Federal Taxes. Go to Wages & Income. If asked, How do you want to enter your income?, select I'll choose what I work on. Under Less Common Income, select Start or Update next to Prizes, Awards, and Gambling Winnings. Answer Yes on the Did you win money or other prizes in 2025? screen and follow the instructions to enter your W-2G. After you've finished entering all of your gambling winnings, we'll ask about any losses you may have had. Losses can be deducted up to the amount you reported winning, but only if you itemize.

One final thing - you said I should request a regular distribution without earnings since I am past the due date of the 2024 return.   Is a requesting a regular distribution different from requesting a withdrawal/distribution of excess contributions? For example, on eTrade you can request a withdrawal from a Roth IRA as a "premature" withdrawal or a "excess contribution removal" withdrawal - based on that, would I choose the "premature" rather than "excess contribution removal", as you stated I am outside the 2024 due date., or should I choose the excess removal option?  Further to that, if I do the regular/premature distribution, how will the IRS know I no longer am in excess of my 2024 contributions? Or do my lifetime contributions just net out in the aggregate given I have lowered my total contribution amount? Just want to make sure I request the right type and correctly wipe out any "excess" for 2024   I really appreciate the help and responses here, thank you!!

To clarify, was your value of all your traditional/SEP/SIMPLE IRAs $0 at the end of 2025?    Another option, did you have a loss before you made the conversion? If yes, then it is possible to have a left over basis that is carried over to the future.

No, collecting Social Security doesn't disqualify you from the Maryland pension exclusion.   Social Security benefits are already excluded from Maryland taxable income, so receiving both doesn't cause you to lose the pension exclusion.    For more information, see Maryland Form 502 instructions

Thank you for the reply. Further, may I ask, since the banks would not re-issue the 1099INT in the name of either the Estate, nor the Joint Tenant on the account, the Schedule B of the final 1040sr tax return up to the day before death, reflected post-death nominee interest deducted from other banking interest with $600 nominee to the Estate EIN, and the balance to the joint tenant SSN on the accounts- thus the Estate actually had only $600, which is exempt with no further interest to distribute, thus there is no interest to mention on line 1 of the form 1041 schedule k-1-- therefore why would the IRS object to no issuance of a k-1?  All of the documents show the paper trail of the interest. Please let me know what you think? Thanks

Friends, Romans, tax experts, lend me your eyes. Revisiting my issue from a year ago. I did end up reporting my excess Roth contribution in my 2024 return. I now have my 2025 1099-R from Fidelity and it correctly reports codes P and J, there is nothing in boxes 4 or 14.  To be redundant and ask what has already been graciously answered a year ago, can someone please confirm that I may ignore this 1099-R for my current return. Also because TT imported my data from Fidelity, my in progress return includes the above. Is it safe to simply remove the record of the 1099-R or would I be better off starting my return over and typing my figures in manually? I ask because I don't know if some piece of this irrelevant form might populate elsewhere in my current return unbeknownst to me. Thanks very much for your expertise.

I had the enabling property error and told to submit after March 6 after 2 rejections. I believe the Turbo Tax interview process doesn’t flow the answer to 25a. It leaves it with neither yes or no checked.  I think the interview is messed up. I switched to forms view (desktop version) …answered the question correct in the WORKSHEET…for 25..then submitted, my return. It was accepted today…March 1. I had no enabling property by the way. 

In TurboTax, at the screen Time lived in the home, the screen reads:   You will gain additional tax advantages if you lived in the home you sold for at least two years (24 consecutive or non-consecutive months).  Based on your home sale date, we have determined the cut-off date for the 24 month period is xxxxx.   You may access the screen at the sale of personal home under Wages & Income / Less Common Income / Sale of Home.

You can choose to clear and start over in TurboTax Online if you have not already paid for that product and decide to stay with Desktop, and you won't be charged for switching to Online.   See this help article to find how to review your fees in TurboTax Online. See this help article to find how to downgrade a product in TurboTax Online.    

Use these steps to downgrade your TurboTax Online product to a less costly or free edition: Open your return if you haven't already. In the left menu, select Switch Products.  Select Downgrade. Note: TurboTax Free Edition is for customers who are filing Simple Form 1040 Returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of taxpayers qualify. If you have additional forms or attachments, you’ll need to use a different TurboTax product.   You can also clear and start over to switch to a different product. This option erases your information to give you a fresh start in the new product you've chosen. ^ TurboTax FAQ - How do I downgrade to a different TurboTax Online product?   Is there a more specific reason the charge was added, or a type of income you entered? Not all tax return situations qualify for free filing.    Learn more: What qualifies as a simple tax return for TurboTax Free Edition?

If you can't find an option that fits your category in the Less Common expenses section in TurboTax. I think you could place it in the legal and professional section.    Here are some examples of the types of fees you can  expense:   Professional association membership fees Organization dues (including state bar dues) Legal fees for business matters Accounting fees Short-term consulting fees One-time management consultation fees One-time marketing consultation fees One-time engineering consultation fees One-time technical consultation fees Fees paid for website analysis Other outside consulting fees for short-term advice on specific deals One-time logo and web design fees Fees paid to talent agents and business and personal managers who aren't paid as employees

It happens when I'm trying to transmit.  It says before you e-file, we need a little more information. It then takes me to the 1099-R for his military retirement and saysNYS withholding cannot be greater than or equal to gross distribution or state distribution. 

Schedule 2 is used to report additional taxes that are not included on other forms, some of them are Social security and Medicare tax on unreported tip income, self employment tax among others.  See the following TurboTax help article for other things that could be included.     What is IRS Form 1040 Schedule 2? Review your return, and see what additional tax is being calculated on Schedule 2, once you know what tax it is, you could have more information as to what is causing TurboTax to complete this schedule.     How do I preview my TurboTax Online return before filing?