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March 4, 2026
1:53 PM
Only the $2,150 will appear on line 8f of your 2025 Schedule 1. This is accomplished by telling TurboTax in the HSA contributions section that you will have the $2,150 excess returned. TurboTax wil...
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Only the $2,150 will appear on line 8f of your 2025 Schedule 1. This is accomplished by telling TurboTax in the HSA contributions section that you will have the $2,150 excess returned. TurboTax will still show $4,300 on line 9 of Form 8889. That's fine. The 2026 excess returned plus all of the NIA will appear on line 8f of your 2026 Schedule 1. This is accomplished by telling TurboTax in the HSA contributions section that you will have the that excess returned and by entering the 2026 Form 1099-SA in the HSA distributions section.
March 4, 2026
1:52 PM
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March 4, 2026
1:52 PM
I have the exact same problem with form 5695 calculating the 30% of the cost of the water heater, and it does not include that in line 29h. My workaround, until TTAX fixes this, is that I entered t...
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I have the exact same problem with form 5695 calculating the 30% of the cost of the water heater, and it does not include that in line 29h. My workaround, until TTAX fixes this, is that I entered the cost of the HPWH under the Heat Pump section (line 29a), and the calculation gets done properly. If they do not get this fixed, I think it is justified because a HPWH is just another form of a Heat Pump. But I am waiting till April 15 to file, hoping that this will get fixed.
March 4, 2026
1:52 PM
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March 4, 2026
1:52 PM
TurboTax Online will let you know you must upgrade to enter farm income. When you are in your tax return you can use the steps below to begin your farming income. Search (upper center) > Type farm...
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TurboTax Online will let you know you must upgrade to enter farm income. When you are in your tax return you can use the steps below to begin your farming income. Search (upper center) > Type farm income > Click the Go to Farm Income.. link to begin your farming income and expenses. What is Schedule F: Profit or Loss from Farming
March 4, 2026
1:52 PM
The only thing you need to know going back to previous years is whether any bonus (special) or section 179 depreciation was taken on any of the assets. When you enter each asset into TurboTax, you wi...
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The only thing you need to know going back to previous years is whether any bonus (special) or section 179 depreciation was taken on any of the assets. When you enter each asset into TurboTax, you will be asked for the amount of special or section 179 depreciation taken in previous years, if any, as it will affect the current year calculation. You can look on the depreciation schedules and/or past Forms 4562 to determine this for each asset. TurboTax will calculate depreciation for previous year assets based on the cost of the asset, type of property you designate and the year put into service, along with any special or section 179 elections made.
March 4, 2026
1:51 PM
Does the IRS website indicate it was sent? - https://www.irs.gov/refunds
Did you request to have your TurboTax account fees paid from the federal tax refund?
March 4, 2026
1:51 PM
There was nothing on the K1 regarding the sale of the stock. The stockholders sold their stock. When I enter the sale numbers, because there were two stockholders, shouldn't this be split? There i...
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There was nothing on the K1 regarding the sale of the stock. The stockholders sold their stock. When I enter the sale numbers, because there were two stockholders, shouldn't this be split? There is no way that one stockholder should pay capital gains on the entire sale.
March 4, 2026
1:50 PM
You will need to file a tax return in the child's name. The IRS allows parents to report a child's income on their own return (using Form 8814) only if that income consists entirely of interest, divi...
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You will need to file a tax return in the child's name. The IRS allows parents to report a child's income on their own return (using Form 8814) only if that income consists entirely of interest, dividends, and capital gain distributions.
Since your child must file their own return, you have two options depending on which version of TurboTax you are using:
If using TurboTax Online:
You must create a brand new account with a different username for your child.
Start a new return for them.
In the "Personal Info" section of your child's return, you must check the box that says "Someone else can claim me as a dependent." This ensures you still get the dependent credit on your return while they pay the tax on their specific income.
If using TurboTax Desktop:
Go to File > New Tax Return.
Create a separate file for your child.
Again, make sure to mark them as a dependent of someone else in the personal info section.
You may still file your own returns claiming your child as your dependent.
March 4, 2026
1:50 PM
I have several 1099 Original Issue Discount (OID) forms. For all of them, the review is telling me "the bond premium adjustment is greater than the interest income reported...reduce the bond premium ...
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I have several 1099 Original Issue Discount (OID) forms. For all of them, the review is telling me "the bond premium adjustment is greater than the interest income reported...reduce the bond premium amount...and report any excess on Schedule A. Two questions: 1) why isn't TT doing this calculation for me and 2) where do I enter the excess on Schedule A.
March 4, 2026
1:49 PM
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March 4, 2026
1:49 PM
Line 20 says if line 11 column c is more than line 19 (it wasn't), then enter the difference. Line 11, column C was ZERO, or less than line 19. So ZERO should be entered. Turbo Tax has mad a mistake. ...
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Line 20 says if line 11 column c is more than line 19 (it wasn't), then enter the difference. Line 11, column C was ZERO, or less than line 19. So ZERO should be entered. Turbo Tax has mad a mistake. How do we get them to correct it?
Topics:
March 4, 2026
1:48 PM
1 Cheer
Your situation has been identified as a known issue, and we expect a fix shortly. Please check back on 3/6 to update your program.
March 4, 2026
1:47 PM
Is a choir director for a church considered religious employment?
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March 4, 2026
1:46 PM
Income earned from working is only reported on a return in that person's name, never on the return of a parent or someone else.
March 4, 2026
1:45 PM
1 Cheer
@Moots07 wrote:
My return was accepted and is being processed. That means she was not claimed yet, correct?
Assuming the IRS hasn't messed up, your return would not have been accepted if y...
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@Moots07 wrote:
My return was accepted and is being processed. That means she was not claimed yet, correct?
Assuming the IRS hasn't messed up, your return would not have been accepted if your child had already be claimed by someone else.
March 4, 2026
1:45 PM
1 Cheer
No. Your wages should NOT be reduced by the Overtime premium. If they were, then you should contact your employer for a corrected W-2. The Overtime Premium still needs to be reported to the IRS and...
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No. Your wages should NOT be reduced by the Overtime premium. If they were, then you should contact your employer for a corrected W-2. The Overtime Premium still needs to be reported to the IRS and then it is deducted on Schedule 1-A.
So no, at this point do not check the box for Overtime in the Let's check for other situations. Instead, first double check to be sure box 1 is incorrect by matching it to your last paystub of 2025. Then if it is incorrect, contact your employer to get a corrected W-2.
If they do not correct you can start by contacting the IRS.
"You may call the IRS at 800-829-1040 for assistance (see telephone assistance for hours of operation). When you call, please have the following information available:
Your name, address (including ZIP Code), birthdate and taxpayer identification number
Your employer/payer's name, address (including ZIP Code) and, if available, an employer identification number (EIN)
The IRS will contact the employer/payer for you and request they send you or make available to you the missing or corrected form. The IRS will also send you a Form 4852, Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., along with a letter containing instructions for you.
If you don't receive the missing or corrected form in sufficient time to file your tax return, you may use Form 4852 to complete your return. Estimate your wages or the payments made to you and any taxes withheld and report them on Form 4852.
If you receive the missing or corrected Form W-2 or Form 1099-R after you file your return and the information differs from your estimates, you must file Form 1040-X, Amended U.S. Individual Income Tax Return. For additional information on filing an amended return, see Topic no. 308 and Should I file an amended return?
March 4, 2026
1:45 PM
To reach out one of our tax experts, open the link below:
TurboTax Phone Number
March 4, 2026
1:43 PM
@markmil11 wrote:
Some real winners: Upgrade to 11 and/or Use H&R Block ...now post that to at least 25 people asking questions...
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