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3 seconds ago
Is the conversion from 529 to Roth taxable in NJ? Right now my child does not have $10K of income but depending on the treatment of the roth conversion he might surpass that limit
11 seconds ago
Yes. You will enter your name if you are the recipient.
38 seconds ago
Navigate to State Taxes from the menu bar, and then select Revisit next to California. Run through the state interview menu again, and look for a screen titled Here's the income that California handl...
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Navigate to State Taxes from the menu bar, and then select Revisit next to California. Run through the state interview menu again, and look for a screen titled Here's the income that California handles differently - this is where you'll find federal/state differences for dividend and other income, to be adjusted.
56 seconds ago
For the localities enter one line with the combined total for all. It's not necessary for your federal or state return to have the breakdown on the localities.
Boxes 18-20 should follow this ac...
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For the localities enter one line with the combined total for all. It's not necessary for your federal or state return to have the breakdown on the localities.
Boxes 18-20 should follow this action.
You notes about Box 12 and 14 are unclear as to why any locality information would be entered.
a minute ago
I filed my taxes, both MO ( i work in MO) and Illinoise where I live. My federal originally said I was getting back $3505, and MO state $775. (totals $4280) and that I owe Illinois $1023. then whe...
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I filed my taxes, both MO ( i work in MO) and Illinoise where I live. My federal originally said I was getting back $3505, and MO state $775. (totals $4280) and that I owe Illinois $1023. then when completed my total back from federal and state totaled $3257 so it appears they deducted the $1023. so why did it print out a voucher saying I need to pay the $1023?
Topics:
a minute ago
1 Cheer
If/because the amount is minimal, you are probably okay to skip for now and start today keeping track for 2026. Honestly most people would not report. @hi123455
2m ago
I assume that the difference is reflected in the cost basis? Is that correct? Please clarify.
You may correct the IRS form 1099-B in TurboTax Premium Online by following these steps.
...
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I assume that the difference is reflected in the cost basis? Is that correct? Please clarify.
You may correct the IRS form 1099-B in TurboTax Premium Online by following these steps.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click the down arrow to the right of Investments and Savings.
Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
At the screen Let's finish pulling in your investment income, click the down arrow to the right of investment to be corrected. Click Edit.
At the screen Review your XXX, click the pencil to the right.
Select The cost basis is incorrect or missing on my 1099-B. Click Continue.
At the screen We noticed there's an issue with your cost basis..., click I know my cost basis and need to make an adjustment. Enter the adjustment.
Click Continue.
Review the entry on Schedule D or IRS form 8949 to insure that the adjustment is reported correctly.
You may print or view your full tax returns prior to filing after you have paid for the software.
View the entries down the left side of the screen at Tax Tools.
Select Print Center.
Select Print, save or preview this year's return.
4m ago
If you click on add a state, it will let you back into your Federal return without actually adding a state. You can then delete the form.
4m ago
Topics:
4m ago
I am filling the 1095-A section on Turbo tax
Topics:
5m ago
When you receive a notification that your return has been “Accepted” it means that the IRS/or state has accepted it for processing. It doesn't mean that it's been processed yet.
The New York St...
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When you receive a notification that your return has been “Accepted” it means that the IRS/or state has accepted it for processing. It doesn't mean that it's been processed yet.
The New York State system may not show your record for several days or even weeks after your return is accepted.
If it has been over 3–4 weeks, you should check your status directly at the New York State Department of Taxation and Finance:
NY Department of Taxation and Finance
5m ago
If you used the foreign income exclusion (to avoid being double-taxed on your foreign income, here in the U.S.), then you may not qualify for the foreign tax credit, for taxes paid on that income ...
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If you used the foreign income exclusion (to avoid being double-taxed on your foreign income, here in the U.S.), then you may not qualify for the foreign tax credit, for taxes paid on that income originally. Learn more about qualifying for the Foreign Tax Credit:
Foreign tax credit eligibility
Taxes paid to other countries qualify for the FTC when:
you paid the tax on your income to a local or provincial government
you were legally obligated to pay the tax
you have already paid or accrued the tax
you did not gain from paying the tax
There are also some taxes that cannot be included in the FTC:
taxes on income excluded from your U.S. gross income (If you do not include wages earned in another country as part of your U.S. income, you cannot claim a credit for foreign taxes paid on those wages)
taxes paid to a sanctioned country
sales tax, value-added tax, real estate taxes, or luxury taxes paid to a foreign government
taxes on foreign mineral, oil, and gas income
taxes from international boycott operations
taxes related to a foreign tax splitting event
Social Security taxes paid or accrued to a foreign country with which the U.S. has a Social Security agreement
If you have real estate and other non-income taxes paid overseas, you should input those as a foreign tax itemized deduction instead (Note: not everyone will qualify to itemize their deductions, rather than taking the standard deduction).
TurboTax - Claiming the Foreign Tax Credit with Form 1116
5m ago
The question "Was [name] covered by a High Deductible Health Plan (HDHP) in 2025?" should be answered "No". Even if you had HDHP coverage, if you had conflicting coverage, you are considered to not h...
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The question "Was [name] covered by a High Deductible Health Plan (HDHP) in 2025?" should be answered "No". Even if you had HDHP coverage, if you had conflicting coverage, you are considered to not have had HDHP coverage for purposes of calculating your annual HSA contribution limit.
This means that some of the rest the screens you should not see. You will see the situations screen - and no answer would appear to be correct.
Then you should see the excess contributions screens, and if you have the dollars in the HSA account, withdrawing the entire excess would be a good idea.
NOTE: the moment that TurboTax detects the excess (that is from the employer) then it adds the excess back to Other Income. YOU DO NOT HAVE TO DO ANYTHING.
When you call your HSA custodian, you should ask for a "withdrawal of excess contributions" (use this exact phrase), Also ask them to calculate your earnings...but many HSA custodians are refusing to do this for no good reason other than lack of customer service. Let us know if they won't calculate the earnings, and we will show you how to do it.
Then, sometime before the end of January 2027, you will receive a form 1099-SA. As Mike says, you do not put this into your 2025 return, but into your 2026 return.
If you did not have an HDHP policy in 2024, then it would be OK to leave that question about December 1, 2024 as "none".
5m ago
How did you enter the income? If the income was reported on a 1099-K, then you should see a box under the list of types of income to enter for business that says check this box if some of this incom...
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How did you enter the income? If the income was reported on a 1099-K, then you should see a box under the list of types of income to enter for business that says check this box if some of this income includes tips. Note: if you did not get a 1099-K or a 1099-NEC you would not be able to claim the tips. You cannot claim tips that are not reported to the government on a standard form. Many people who are self-employed are not eligible for the tip deduction. In order to claim tips, the following must apply: The tips MUST be reported. If they are not reported on a form to the IRS you cannot claim them for the no tax on tips deduction. If employed they need to be reported on your W-2 or form 4137 If self-employed, they must be reported on a 1099. If you received them as cash, they are not deductible. Your income must be below $150,000 if you are single or less than $300,000 if Married Filing Jointly. Above these amounts, the deduction starts to fade out and is not available at all for those with income over $400,000 for single and $550,000 for Married Filing Jointly. You can not claim this deduction if you are Married Filing Separately You receive tips from an occupation that normally and customarily receives tips Self-employed, deduction may not exceed individual’s net income, without regard to this deduction, from the trade or business in which the tips were earned.
6m ago
box 32a is checked and the box on line 1 is not checked. Is this not correct?
6m ago
Yes, the sale of stock is reported on your resident state only. You may need to contact WI Department of Revenue to inquire about this state return. However, I recommend you send a copy of the letter...
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Yes, the sale of stock is reported on your resident state only. You may need to contact WI Department of Revenue to inquire about this state return. However, I recommend you send a copy of the letter back with a copy of your Illinois (IL) return showing your residency and the only WI income is what you included as nonresident income. This should make it very clear that your original return was correct.
Sometimes they just need to see your resident state to understand your return.
How do I contact the state Department of Revenue?
6m ago
Sounds like something got stuck. You can try these things:
Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu.
Clear Cache and Cookies: This removes old, ...
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Sounds like something got stuck. You can try these things:
Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu.
Clear Cache and Cookies: This removes old, "corrupted" data that might be confusing the website.
Use an Incognito (Private) Window: This is the most effective "quick fix" because it launches the browser without any saved history or extensions (like AdBlockers) that often interfere with tax forms.
Check Pop-up Blockers: TurboTax often opens forms (like the 1099 PDF) or payment windows in a separate pop-up. Look at the right side of your address bar for a small icon with a "red X"—click it and select "Always allow pop-ups from Intuit."
Restart the Browser: Close all open windows of your browser entirely and then reopen it.
Most TurboTax errors happen because the browser is trying to use an old "session" from a previous visit. By clearing the cache or using Incognito mode, you force the browser to establish a brand-new, secure connection with the Intuit servers.
7m ago
You will need to contact TurboTax regarding this charge.