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You should enter each 1099-R individually into TurboTax exactly as they are shown and answer all  follow-up questions.  I am not sure by your description if you received two 1099-R's from multiple ac... See more...
You should enter each 1099-R individually into TurboTax exactly as they are shown and answer all  follow-up questions.  I am not sure by your description if you received two 1099-R's from multiple accounts of your husband or you received one for your husband's IRA and one for your original IRA that you subsequently took a distribution from. You can come back to this question in Community and provide more details so we can answer more definitively if you like.    If you are saying that you took a distribution from the combined account, when entering this Form 1099-R into TurboTax it should not be designated as an inherited IRA. The distribution to your account from your husband's IRA is an inherited IRA and it is nontaxable. The distribution from the combined account would not be treated as an inherited IRA and it would be taxable.   In general, if you combined your spouse's inherited IRA funds into your own personal IRA, the funds will generally lose their status as "inherited" and will be treated as your own. So any distribution from your combined IRA would not be designated as inherited and it should show as a taxable distribution.  The Form 1099-R would not have a Code 4 in Box 7. If you believe your Form(s) 1099-R are coded incorrectly, you should reach out to the issuer of the forms to get a corrected one.   Generally speaking, you should not receive a Form 1099-R for moving the funds into your own account, as this is a contribution. The receiving institution reports this as a contribution to the IRS on Form 5498.   You can enter the form 1099-R for the inherited IRA as follows:   Click on Search at the top right of your TurboTax screen Type Form 1099-R in the search box Click on the link Jump to Form 1099-R Your screen will say Your 1099-R Summary. Click on the pencil icon next to the Form 1099-R for the inherited IRA Continue past the screens that say Who gave you a 1099-R? and Who does this belong to? Continue past the screens that say Now, lets review your 1099-R provider info and Enter your 1099-R details from XXX  Note: The code in Box 7 should be 4 On the screen that says Where is your distribution from? Select None (if that applies) and Continue On the screen that says Do  Any of These Situations Apply to You? Select I inherited this IRA (for the Form 1099-R that came from your husband's Account(s)) and Continue On the screen that says Who did you inherit this IRA from? Make sure you have answered My spouse and entered his name, and Continue On the screen that says Did you transfer the inherited funds into your own IRA account?   Answer Yes and I transferred in 2025. Then Continue The next screen asks When was XXX born? Select the appropriate box and Continue On the screen that says Did you transfer the gross amount of $XXXX (Box 1) to your own IRA? Answer Yes (if that is what you did) and Continue The next screen will say Good news! You don't owe any taxes on your rollover.   When you roll an inherited IRA into your own IRA, the assets will be treated as your own for tax purposes. Distributions are taxed as ordinary income based on your own age and tax bracket, not your husband’s. If you are under 59½, withdrawals may face a 10% early penalty. Any RMD's will start at your age of 73.   Options for Spousal Beneficiaries of inherited IRA: You can treat it as your own IRA. You roll the funds into your own IRA. RMDs are calculated using your age. You can keep it as an inherited IRA. You hold it as an "Inherited IRA." You keep the funds in your spouse's name. RMDs are calculated based on your life expectancy. You can delay RMDs until the year your spouse would have reached RMD age (73).  See this article for additional options. How Does an Inherited IRA Work?   See also: Is an inherited IRA or retirement plan taxable? If you have additional information or questions regarding this, please return to Community and we would be glad to help.
The person who actually made the payments on the student loan is the one who can deduct the interest that was paid in 2025.   If your son made the payments, he can enter the interest from the 1098E o... See more...
The person who actually made the payments on the student loan is the one who can deduct the interest that was paid in 2025.   If your son made the payments, he can enter the interest from the 1098E on his tax return.   If you made the payments, you can enter the interest.
Most returns are able to get fixed and get submitted again.  You can find out what is causing your return to be rejected and ways to fix it if you follow the steps below:   Sign in to your acc... See more...
Most returns are able to get fixed and get submitted again.  You can find out what is causing your return to be rejected and ways to fix it if you follow the steps below:   Sign in to your account Select the Fix my return button Follow any “fix it” instructions to update the information causing the rejection.  What does my rejected return code mean and how do I fix it?   If you need additional assistance to fix your rejection, give us more information and we can assist you more.   Regarding the fees TurboTax Online can be used at no cost up until the point that you submit payment. Once payment has been received, the product is considered to have been used to prepare your taxes, regardless of whether you print or electronically file your return, or if it's rejected.   How do I request a refund for my TurboTax product?
Thanks for responding to my question about the prepaid medical deductions.   Here's another one. TT wants me to update my Alternative Minimum Tax info - the Update button is very much highlighted. ... See more...
Thanks for responding to my question about the prepaid medical deductions.   Here's another one. TT wants me to update my Alternative Minimum Tax info - the Update button is very much highlighted. As far as I recall, I didn't explicitly enter any AMT data - I assumed it got what it needed from my imported 1099 forms - the checks at the end of the process, just before filing, didn't complain.   Thanks in advance for any advice you can offer. In the meantime, I'll start slogging my way through Form 6251.
As you add additional non-cash donations, TurboTax creates a new Charitable Organization worksheet for each charity. The information you enter flows to Form 8283. If you have many donations to report... See more...
As you add additional non-cash donations, TurboTax creates a new Charitable Organization worksheet for each charity. The information you enter flows to Form 8283. If you have many donations to report (more than will fit on one Form 8283), TurboTax will automatically create another copy of that form. But in most cases, you will have several worksheets and only one 8283.   To enter charitable contributions in TurboTax Desktop: Open your return and go to Deductions & Credits (under Personal if using Home & Business). Choose to navigate on your own. Scroll down to Charitable Donations >> Donations to Charity and Start/Update. If you have already entered a donation, click "Add another charity." Complete the requested information, all pages, even if it seems redundant. Continue back to the Charities & Donations summary page.   You can check your entries using Forms Mode in TurboTax Desktop.   Open your return and click the Forms icon in the TurboTax header.  In the list of Forms in My Return on the left, scroll down and look for Charitable Org (name of charity).  Click the form name to open it in the large window. There is a separate worksheet for each charity. Notice the Additional Info (NonCash Item #) below this form in the forms list. Open this form to view the details of your non-cash donation. You may have more than one of these worksheets if you made several donations to the same charity. Scroll down in the forms list and find "Form 8283 (Copy #)." This is the actual form that cannot be edited, as it reports the input from the Charitable Org worksheets. Use the Print button under any open form to print or save as a PDF. When you're finished, click Step-by-Step in the header to return to the main screens.
@turbotaxscam Sorry----you will not like this, but downgrading to a lower version means you start over from scratch.   You cannot start out in a higher paid or live expert assisted version,  enter yo... See more...
@turbotaxscam Sorry----you will not like this, but downgrading to a lower version means you start over from scratch.   You cannot start out in a higher paid or live expert assisted version,  enter your information and then keep it all in place when you downgrade.     HOW CAN I DOWNGRADE TO A LOWER VERSION https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6ilzady  
Can both of us (myself and my adult son) deduct the student loan interest amount on a loan that we are paying back?  He used this loan for his school and I co-signed.  We live separately and both fil... See more...
Can both of us (myself and my adult son) deduct the student loan interest amount on a loan that we are paying back?  He used this loan for his school and I co-signed.  We live separately and both file our taxes separately without dependents.  
You need to delete all the forms associated with the business. You should be able to go to the business and delete - minus sign, trashcan, etc. If not, start with the worksheets and then Sch C: ... See more...
You need to delete all the forms associated with the business. You should be able to go to the business and delete - minus sign, trashcan, etc. If not, start with the worksheets and then Sch C: Online: see How do I view and delete forms in TTO? Desktop: switch to FORMS mode, locate forms from left side, delete 
Thank you for reply - however, I did as you instructed and the manual update superpatch installed ok, but when restarting turbotax software it did not generate an upate - it went straight to the prog... See more...
Thank you for reply - however, I did as you instructed and the manual update superpatch installed ok, but when restarting turbotax software it did not generate an upate - it went straight to the program.   I think Turbotax needs to issue a patch-fix for this glitch.  The tax calculator works for a short while and then stops recalculating.  I tried Forms Mode,  Final Review/Error check and it did not force a recalculation.  It says my taxes are whatever it shown on the screen even though that figure is now "stuck" at the same amount no matter what entries I make going forward.  It is not transposing the new entries after the 'freeze' into the worksheets so I can't even use those to manually fill in my returns.  Without a patch fix issued by TT, this software is rendered useless and a waste of my money.  I have always been loyal to TT for several years, but if TT is not willing to issue a fix, I will obviously have to look elsewhere for tax software.  I have seen comments from people on hear complaining since JANUARY, so it appears nothing has been done by TT to fix this glitch.
Answer YES, if Robinhood gave you a promotional crypto reward (such as their "Learn and Earn" crypto, sign-up bonuses, or referral rewards).   The IRS explicitly states that you must check "Yes" if... See more...
Answer YES, if Robinhood gave you a promotional crypto reward (such as their "Learn and Earn" crypto, sign-up bonuses, or referral rewards).   The IRS explicitly states that you must check "Yes" if you: Received digital assets resulting from a reward or award. Received an airdrop. (Promotional crypto is often treated similarly to an airdrop). Received payment for services (e.g., if the reward was for completing a "Learn" module, the IRS views that as a form of compensation/reward for your time). If your total rewards from Robinhood were $600 or more, they will issue you a 1099-MISC.   Open or continue your return. Under Federal tab, Click on Wages & Income. Scroll down to Other Common Income, and Click on Start/Revisit next to Form 1099-MISC. Enter the details exactly as shown on your form. When asked for the "reason" or "source," select "Nonbusiness income" or "Other income." When asked if it "involved work like your main job" or if there was an "intent to earn money," answer NO (otherwise the program will incorrectly charge you 15.3% Self-Employment tax). If it was under $600, you may not get a form, but you are still required to report the fair market value of the crypto (at the time you received it) as "Other Income" on Schedule 1 (it's considered Ordinary Income).   Open or continue your return. Under Federal tab, Click on Wages & Income. Scroll down to Less Common Income, and Click on Start/Revisit next to Miscellaneous Income, 1099-A, 1099-C. Scroll down to Other reportable income, and Click on Start. Select Yes to "Any Other Taxable Income?" Enter "Crypto Rewards" or "Robinhood Crypto Bonus" (for the description). Enter the USD value of the crypto at the exact time you received it. That reward amount (e.g., $5) becomes your cost basis; thus if you ever sell that crypto later, you will only pay capital gains tax on any earnings above that $5.
from the iRS In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year ... See more...
from the iRS In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year (use of accrual basis to report interest each year)     however Treasury Direct says you can change methods from redemption method to annual metthod Reporting the interest every year You may choose to report the interest every year.  But you will not get a 1099-INT every year. You only get a 1099-INT at the end. If the savings bonds are in a TreasuryDirect account, you can see the interest earned each year in the account. If the savings bonds are on paper, our Savings Bond Calculator can help you figure out the interest to report. When you get the 1099-INT at the end, it will show all the interest the bond earned over the years. For instructions on how to tell the IRS that you already reported some or all of that interest in earlier years, go to IRS Publication 550 and look for the section on U.S. Savings Bonds. Changing from one method to the other You can change from one reporting method to the other. You were deferring. You now want to report every year. You may do this without permission from the IRS. But you must do this for all the savings bonds for the Social Security Number whose tax return this is. In addition to the interest for the year you are now reporting, you must also report all interest those bonds earned in the years before you changed. It seems that the executor, administrator, and so on who’s required to file the decedent’s final income tax return can elect to include all of the interest earned on the bonds before the decedent’s death on the return.   However, not only will income taxes be owed, but also penalties and interest for late payment of the taxes. Penalties for late payment are 1/2% per month on the amount owed so 3 years late is aboit 18% And then there is the interest compounded monthly, possibly another 24% (UNOFFICIAL) , so if the taxes owed were $1000 , there would be owed over $420 in penalties and interest  . so are you in th e 42% bracket. 
Le total de frais médicaux que j'inscris dans le feuillet de frais médicaux ne se transfert pas correctement à la ligne 33099 de ma déclaration fédérale. Que faire?
Schedule B would report Interest and dividend income. Normally, you would not need to file that schedule if your interest and dividend income was less than $1,500. However, you would need to file it ... See more...
Schedule B would report Interest and dividend income. Normally, you would not need to file that schedule if your interest and dividend income was less than $1,500. However, you would need to file it if you had a foreign bank account, as it mentions here in the Instructions to Schedule B.
I had the same thing happen except I cannot print the $0 Corrected 10099-NEC. When I do I get an error " This recipient's record does not have an amount reported for an independent contractor/nonempl... See more...
I had the same thing happen except I cannot print the $0 Corrected 10099-NEC. When I do I get an error " This recipient's record does not have an amount reported for an independent contractor/nonemployee compensation." Will I be able to print the correction once it is accepted by the IRS or is there something else I need to do?
why do I need to adjust my cost basis?
To enter, edit or delete Property Taxes - Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Your Home If paid through your lender On Mo... See more...
To enter, edit or delete Property Taxes - Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Your Home If paid through your lender On Mortgage Interest, Refinancing, and Insurance, click on the start or update button If paid directly On Property Taxes, click on the start or update button
You can leave the benefit number blank, but they may necessitate mailing in the Form as opposed to e-filing it.