All Posts

@ greghudson1   I just searched other threads.  Some other users in the forum said this was causing their issue.  I don't know if this is what is causing your issue, but only providing the info, just in case.   Are you using Windows and using Windows Defender for your security?   If so, do you have "Controlled Folder Access"  turned on in the Windows Security settings?   If so, it may be blocking various apps, but you may be able to leave it on and configure it to allow TurboTax through.      So if that's your situation, here's how to check: Windows Security > Virus and threat protection > Ransomware protection > Controlled folder access    If that toggle is turned on, then there should be a link to "Allow an app through controlled folder access" Does it show TurboTax as blocked?  Then see what choices you have there to configure it to allow TurboTax.

Yes, this is the correct way to report the 529 Rollover to Roth for California. Since the tax-free rollover is for a beneficiary, it doesn't need to be reported on the recipient's federal tax return.  Form 5498 is documentation for your records (along with the 1099-Q).   Unless a 1099-Q has taxable earnings for a non-qualified distribution, it does not need to be included in your tax return.  Here's more info on Form 1099-Q.    You can Contact TurboTax Support and share screens with customer support at no charge.    @Mochina    [Edited 03/24/2026 | 9:22 am]

On Field D on the 1099-Q, in FORMS mode, move your cursor left slightly until you see the 'link' arrow.  From the pop-up window, choose 'Remove Link'.   Or, use Delete at the bottom of the 1099-Q form to delete it and step through the interview screens again.  Unless you have a non-qualified distribution, you don't need to enter it in your return.   Here's more info on  Form 1099-Q.   @juniperbeckettt   

Go to FORMS in the upper right corner, and then 'Open Form' 5695.  At the bottom of the form, click the Delete button, or re-check the appropriate boxes directly on the form.    If your return has no other errors, try skipping Review and go directly to File.   @douglasbporter 

Thanks for your reply and solution. I have one anomaly here. Last year we did the rollover in two tranches, 1) one for $6500 that was applied to 2024 year and 2) $7000 to 2025 year. Soon after we realized that it was wrong to transfer that much amount as I didn't have enough earned income and I immediately asked Fidelity to move out these excess contributions. so for 2024 year I moved $4500 in excess contributions and for 2025 it was $6000. Now paid my tuition with that excess money. Do I need to report any of this to IRS and pay the 10% penalty on the 529 funds? the 1099-R said i didn't have to pay any taxes as I took out the money immediately. but since original source of the funds are the distribution from 529 plan I got two 1099-Qs for the above two amounts. I also have a 2024 5498 that shows I have contributed $7000 to my Roth IRA but I don't have that much balance in it since I took it out immediately.  How do I enter all of this mess in TurboTax? and pay any additional taxes I may owe to IRS?

@DawnC I'm using Part VI (Section 48). The IRS instructions for Form 3468 states that we can e-file and separately mail in the paper statement under Form 8453. (Form 8453 hasn't been updated to add newer 3468 attachments, but the 3468 instructions supersede that and we can leave the boxes unchecked and still use it). I hope you'll accommodate that, otherwise I won't be able to use your service. Please refer to the Note at the bottom of the IRS instructions excerpt below. Under "Purpose of Form": Complete a separate Form 3468 to claim an investment credit for each facility or property. You must complete Part I to report facility or property information and the appropriate part (Part II–VII) to compute your investment credit for such facility or property. Part II—Qualifying Advanced Coal Project Credit, section A. Part II—Qualifying Gasification Project Credit, section B. Part III—Qualifying Advanced Energy Project Credit. Part IV—Advanced Manufacturing Investment Credit. Part V—Clean Electricity Investment Credit, sections A through C. Part VI—Energy Credit, sections A through N. Part VII—Rehabilitation Credit. Note: If you are an individual and file electronically, you must send in a paper Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, if attachments are required for Form 3468.

Hi @RogerD1,   Thank you for your help. My sister was able to find Walgreens employment started in June 1999. This implies that the Walgreens stock given were almost 3-4 months after the stock split. Hence, this should not impact the number of shares. In addition, there was no reinvestment of dividends.             For some reason, I cannot enter 'Various" and '08/28/25' in Form 8949, Part II (b) and (c) (highlighted above).   Thank you so much for your help. This was really helpful.   Regards, Tulane

Thanks.  It's rentable but I'm not rushing it.  There are several shared areas so I tend to make sure that we will get along.  I've been very spoiled in the past (mainly word of mouth) so hesitant when attempting just thru advertising again.