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When you itemize deductions using Form 6251 for AMT, you must add back some of your deductions.  In this case if TurboTax determines that your Standard Deduction is more advantageous, then it will select it for you.  If you want to use your itemized deductions, you can switch between deductions in the program.   TurboTax Online Go to the screen: Based on what you told us, [either Standard Deduction or Itemizing deductions] is right for you, and select Change my deduction. On  Which deduction do you want to take this year? popup, you'll see the dollar value of each deduction type. Select the type of deduction you want and select Continue twice. TurboTax Desktop Open or continue your return. Select Federal Taxes. If using Home & Business, select Personal. Select Deductions & Credits. When asked how you want to enter your deductions and credits, select I'll choose what I work on. Scroll all the way to the bottom of the Your 2025 Deductions & Credits screen and select Done with Deductions. Continue until you see The Standard [or Itemized] Deduction is Right for You! Select Change my deduction and choose which one you'd like. Select Continue to apply any changes. How do I change from the standard deduction to itemized (or vice-versa)?   @user17733704952   

Yes, you are correct that the IRA/SIMPLE/SEP box should not be checked.  And yes, you will check that this 1099-R is going to be for 2026 - even though you are reporting these items on the 2025 return, the actual withdrawal occurred in 2026 and would be required to be reported by the IRA custodian on a 2026 1099-R.   No, you will not report the 2026 1099-R on your tax return for 2026 since it related to a 2025 event and was already reported on your 2025 return.  When you receive the 2026 1099-R for the excess earnings, simply file it with your other tax documents, but do not include it on your 2026 tax return.

If you’re a W-2 employee, under the Tax Cuts and Jobs Act you won’t be able to deduct unreimbursed business expenses on your federal return, but you may be able to deduct them on your state return. There are exceptions if you’re an armed forces reservist, qualified performing artist, or fee-basis government official.   Refer to the TurboTax article Are Unreimbursed Employee Expenses Deductible? for more information.   If you’re an independent contractor, you can deduct your subscriptions on your Schedule C.   Refer to the TurboTax article Where do I enter Schedule C? for navigation instructions.  

The penalty on 1040 line 38. It's not for filing or paying late.  It doesn't have to do with last year's tax return or not paying estimates for this year.  The penalty is an "estimated" amount.    It's a penalty if you owe too much or for not paying in enough withholding during the year or not paying in evenly.  Even if you are getting a refund you can still owe a penalty.   The underpayment penalty amount Turbo Tax calculates on your 1040 or state is only an estimate.  Turbo Tax can not figure it accurately because they don't know exactly when the IRS or state will get your return and tax due payment.  It's very common and normal and expected for the IRS or state to bill you for more or send you a refund.   If Turbo Tax calculates a penalty on 1040 line 38…..You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.   It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button

You enter the Schedule K-1 information in the Wages and Income section, then Business Investment and Estate/Trust Income, then Schedule K-1. After you enter your K-1 schedule, you will come to a screen that says Describe the Partnership. On that screen there will be an option that says I have passive activity losses carried over from last year. Check that box and on the next screen you can enter the  passive loss carryovers. 

An underpayment penalty is charged by the IRS if you did not pay enough tax throughout the year through withholding or estimated tax payments. This penalty aims to encourage taxpayers to pay their taxes on time and in sufficient amounts. You may owe an underpayment penalty if you owe more than $1,000 in tax after subtracting withholding and refundable credits, and you did not pay enough quarterly estimated taxes or withholding by each deadline. There are exceptions to this penalty, such as if: 1. Your total withholding and timely estimated payments equal at least 90% of your current year's tax or 100% (110% if higher income) of last year's tax. 2. You owe less than $1,000 in tax after credits. 3. You qualify for certain special rules like being a farmer or fisherman. 4. You were unable to pay due to a casualty, disaster, or unusual circumstance. The penalty is calculated using Form 2210 and usually includes interest on the underpayment amount.

Same boat. Filed a non resident Ny return accepted on 2/5 but still processing. Shameful as they blame Turbo Tax’s software not updating resulting in delays. I don’t think they have any money to actually pay people. Too many migrants getting their funding before citizens. Comical

Column A value does require an adjustment. As you go through the HI return, there is a box for Other Income. Be careful about your entries. There is a different spot asking for HI wage income. Be sure not to double count this income for HI. Enter as HI income in only one spot.  

Hi, I tried that - and it doesn't work.  It doesn't accept the change - I hit continue and it keeps the software recomended (standard deduction) instead of switching to itemized...Is this a product bug?  Or how do I get around?  I want to use itemized for future tax reporting. Thanks for your help! Peter 

Wisconsin Schedule WD is used to calculate Wisconsin capital gains and losses based primarily on specific parts of the Federal Schedule D. Wisconsin typically uses only lines 1b and 8b from Federal Schedule D because these lines represent the net short-term and long-term gains or losses after adjustments and certain exclusions. Lines such as 2, 3, 9, and 10 on Federal Schedule D often include individual transaction details or separate categories of gains and losses that Wisconsin chooses not to incorporate fully. This selective use is due to differences in Wisconsin tax law and how the state calculates capital gains, which can affect state-specific deductions, exemptions, or carryovers. As a result, your Wisconsin capital loss carryover might be smaller than the federal carryover because Wisconsin only considers the adjusted net amounts from lines 1b and 8b, not all detailed losses reported on the federal form. This treatment is correct per Wisconsin tax rules and explains why your Wisconsin Schedule WD and federal Schedule D differ in reported capital losses and carryovers.   To review or adjust your Wisconsin Schedule WD capital gains and losses in TurboTax Online, follow these steps: 1. Go to the State Taxes section. 2. Select Wisconsin from your state return list. 3. Navigate to the capital gains and losses area within your Wisconsin state return (this is typically under Income or a specific Capital Gains section). 4. Look for the screen or form labeled Schedule WD. 5. Review the amounts that imported from your federal Schedule D, specifically lines 1b and 8b. 6. If you need to adjust capital losses not carried over (like lines 2, 3, 9, or 10 from your federal Schedule D), you may need to enter a manual adjustment or worksheet in this section, depending on Wisconsin tax rules. 7. Follow on-screen prompts to make any manual changes to capital gains or losses for Wisconsin.

The reason you owe $175 despite having a loss and low revenue is that Kentucky imposes a Limited Liability Entity Tax (LLET), which has a mandatory minimum payment. Kentucky law  requires nearly all limited liability entities, including Single Member LLCs that file Form 725, to pay a tax for the privilege of doing business in the state.   The instructions can be found here, with the $175 fee referenced on page 4: Form 725 Instructions