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a month ago
In 2024, I contributed directly $7000 to a Roth IRA, then realized I was over the max income to contribute to the Roth IRA. To resolve that problem, I recharacterized the $7000 to a Traditional IRA, ...
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In 2024, I contributed directly $7000 to a Roth IRA, then realized I was over the max income to contribute to the Roth IRA. To resolve that problem, I recharacterized the $7000 to a Traditional IRA, and then did a backdoor Roth IRA contribution by converting the $7000 in the Traditional IRA back to the Roth IRA. Unfortunately, I made another mistake. In 2025, just before I filed my taxes for year 2024, I (mistakenly) contributed an extra $1000 to my Traditional IRA for 2024 contribution year instead of the intended 2025 contribution year putting me at $8000 of IRA contributions for 2024. To fix this, in August 2025, I paid the IRS the 6% penalty of the extra $1000 contributed, and then withdrew the $1000. I also amended my 2024 taxes to account for the extra contribution. Now, I'm trying to figure out what I need to put on my 2025 taxes. If it helps, I received two 1099-Rs from my stock broker, one for Traditional IRA and one for Roth IRA. The Traditional IRA 1099-R states in box 1 that my gross distribution is $8000. The Roth IRA 1099-R states in box 1 that my gross distribution is $1000. As a reminder, I did a backdoor Roth IRA conversion in the 2025 tax year as well. How do I account for all of this in TurboTax? Do I just enter in both 1099-Rs? Do I just do what TurboTax advises on how to account for a backdoor Roth IRA conversion, because it appears their directions only advise on entering information from your Traditional IRA. I'm just really confused. Any help would be great! Thanks.
a month ago
1 Cheer
Your spouse can't be your dependent. Please clarify if you filed Married Filing Separately (MFS).
Form 8379 can be filed separately if the injured spouse finds out after the IRS seizes the re...
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Your spouse can't be your dependent. Please clarify if you filed Married Filing Separately (MFS).
Form 8379 can be filed separately if the injured spouse finds out after the IRS seizes the refund.
For additional information, refer to the TurboTax article What is IRS Form 8379: Injured Spouse Allocation?
If you would like to file Form 8379 separately, refer to Form 8379-Injured Spouse and Form 8379 Instructions.
a month ago
1 Cheer
if this is foreign real estate, 30 years is the proper life. but you can't change without filing Form 3115.
a month ago
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a month ago
It's asking for 2024, and I have the taxes I filed with Turbotax last year, but do not see anything like this.
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a month ago
I reviewed the questions. They were no help to me. This is why I asked for a person.
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a month ago
If I took my spouse as a dependent and child support took my federal can I file a 8379
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a month ago
Follow the instructions below to delete the worksheet:
Open TurboTax and your return
Select Tax Tools from the menu on the left side
Select Tools
In the pop-up window select Delete ...
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Follow the instructions below to delete the worksheet:
Open TurboTax and your return
Select Tax Tools from the menu on the left side
Select Tools
In the pop-up window select Delete a form
Find worksheet and select the trash can.
Refer to the TurboTax help article How do I view and delete forms in TurboTax Online? for more details.
a month ago
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a month ago
Where do I enter contributions made or fees paid to public schools?
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a month ago
It’s been a month may be more why are may takes not done still ?
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a month ago
how do i enter 529 contributions
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a month ago
Update - I finally got my MN return filed. I don't know why it worked this time because I have been running in Administrative mode, but this time it sent me an update for the MN return. One othe...
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Update - I finally got my MN return filed. I don't know why it worked this time because I have been running in Administrative mode, but this time it sent me an update for the MN return. One other thing I tried was to install the state return from the Online tab. I didn't delete the state, i just told it to install it. It did a couple of things and then just went away. I signed out and then signed in as admin and this time it had the update and had no problem with e-file. Good luck everyone!
a month ago
Letter received from IRS saying that I filed wrong.
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a month ago
You're welcome. I'm glad it worked for you. Good luck.
a month ago
I haven’t received my 2025 return yet and it has been over 21 days.
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a month ago
I am using an online version, and I am trying to find out how I can input wash sale (1g on 1099-B) amount unless TTX disregards such info.
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a month ago
Realize un pago de 40 dolares y me dicen que hay un error y se me debilitó ese dinero de mi cuenta.
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