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21m ago
AnnetteB6 Let’s be clear about what we’re even talking about. A taxpayer over 59½ made an excess contribution to a Roth IRA and then timely withdrew both the contribution and the associated earnings....
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AnnetteB6 Let’s be clear about what we’re even talking about. A taxpayer over 59½ made an excess contribution to a Roth IRA and then timely withdrew both the contribution and the associated earnings. Here’s what I understand from your post in short: if a taxpayer makes an excess contribution and then timely returns the contribution and the earnings, you’re treating the returned contribution as an excess contribution, but the returned earnings as an early distribution. Your own IRS citation treats both the contribution and the associated earnings as early distributions if the taxpayer is under 59½. By the same logic, if the person is over 59½, both are not early—they’re just normal distributions. Obviously, both could still be treated as excess contributions; that has nothing to do with age. It makes no sense that a contribution would be treated as timely, but the earnings on that same timely contribution would suddenly be treated as “early.” That’s a logical contradiction. Please provide any reference—IRS or otherwise—where a Roth IRA or IRA contribution is treated as timely (for a taxpayer over 59½), but the associated earnings are treated as early (as if under 59½).
21m ago
In February, I contributed 3500 to a traditional IRA-then in March converted it or rolled it over to my Roth ira. Just today, I contributed another 8k to my Roth IRA. I am over the limit, right? It...
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In February, I contributed 3500 to a traditional IRA-then in March converted it or rolled it over to my Roth ira. Just today, I contributed another 8k to my Roth IRA. I am over the limit, right? It didn't show up as being over the limit on my financial institutions' website-maybe it doesn't register that it was coming from a traditional IRA?
21m ago
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
23m ago
Can you clarify if it is the IP PIN number or the Self-Select PIN Method for signing your tax return? @richesjaruar
27m ago
download quickbooks
Topics:
27m ago
You can get the information needed from your end of year statement from your IRA plans. Financial institutions are required to send Form 5498 to you and the IRS by May 31, which is after the April 1...
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You can get the information needed from your end of year statement from your IRA plans. Financial institutions are required to send Form 5498 to you and the IRS by May 31, which is after the April 15 federal tax filing deadline. If you have never looked at your 5498 you should start, and keep copies with your tax records.
The 5498 reports -
Traditional, Roth, SEP, and SIMPLE IRA contributions.
Funds moved from other retirement plans. (Rollovers and Conversions)
The total value of your account as of December 31.
Whether you are required to take a minimum distribution for the current year.
28m ago
The consent I’m speaking of is the first one on the page. The consent with TurboTax not Intuit. I signed thinking it was required form mainly bc there were no options to decline or skip or move forwa...
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The consent I’m speaking of is the first one on the page. The consent with TurboTax not Intuit. I signed thinking it was required form mainly bc there were no options to decline or skip or move forward. It made it appear that without my signature on this I could not file my taxes. But once I saw there wasn’t an option on the intuit data sharing I realized I had made a mistake. And started looking for ways to fix. None of the answers I found online either do not work or send me in wrong direction. Please advise if possible or if I need to find another company to file my taxes. Please note the steps below DO NOT WORK. I have also cleared and redid my taxes and conveniently the questions do not reappear. This is so freaking shady by your company. I will be filing a complaint with the treasurer inspector general for violation of my rights to easily find and change my selection. “The consent forms will be located in Step 3, of the last process of the Review and File Section. Some documents are required to be signed it you want to file electronically. See the steps below to get to that screen From ›ur TurboTax Online home screen select Review and File, and then click on Finish and File. You will see 3 Steps to complete your e-filling process. Share consents are located within Step 3.”
29m ago
Thank you for the response. I hope that you will fix this DEFECT soon.
30m ago
Income from an estate can be classified as both interest and dividends. It can also be classified as other types of income like rent or capital gains. It depends on what assets are held by the estate...
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Income from an estate can be classified as both interest and dividends. It can also be classified as other types of income like rent or capital gains. It depends on what assets are held by the estate.
An estate will issue a Schedule K-1 (Form 1041) to report a beneficiary’s share of the estate's income, deductions, and credits. This is used for the beneficiary to report this information on their personal tax return.
You should be able to look at your K-1 to determine what type of income it was. This form must classify the specific types of income passed through the estate to you so you can properly report them on your tax return. These amounts are reported in specific boxes. The box the income is in should say what the income is. Box 1 is for interest. Box 2 is for ordinary dividends. If you do not have a copy of your K-1 you should ask for it from the fiduciary of the estate.
You can use this form as a guide: Form K-1 Form 1041
Please return to Community if you have any additional information or questions and we would be happy to help.
30m ago
The consent I’m speaking of is the first one on the page. The consent with TurboTax not Intuit. I signed thinking it was required form mainly bc there were no options to decline or skip or move forwa...
See more...
The consent I’m speaking of is the first one on the page. The consent with TurboTax not Intuit. I signed thinking it was required form mainly bc there were no options to decline or skip or move forward. It made it appear that without my signature on this I could not file my taxes. But once I saw there wasn’t an option on the intuit data sharing I realized I had made a mistake. And started looking for ways to fix. None of the answers I found online either do not work or send me in wrong direction. Please advise if possible or if I need to find another company to file my taxes. Please note the steps below DO NOT WORK. I have also cleared and redid my taxes and conveniently the questions do not reappear. This is so freaking shady by your company. I will be filing a complaint with the treasurer inspector general for violation of my rights to easily find and change my selection. “ The consent forms will be located in Step 3, of the last process of the Review and File Section. Some documents are required to be signed it you want to file electronically. See the steps below to get to that screen From ›ur TurboTax Online home screen select Review and File, and then click on Finish and File. You will see 3 Steps to complete your e-filling process. Share consents are located within Step 3.”
31m ago
Topics:
31m ago
Per Gemini on 3/26/2025 to the question in the subject line above: Yes, the IRS is accepting electronic amended returns (Form 1040-X) for 2024 tax returns now that the system has reopened for the 20...
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Per Gemini on 3/26/2025 to the question in the subject line above: Yes, the IRS is accepting electronic amended returns (Form 1040-X) for 2024 tax returns now that the system has reopened for the 2026 filing season following the maintenance/shutdown period . Electronic filing is available for the current and two prior tax years, and e-filing is highly recommended for faster processing. IRS (.gov) +3 Key Details on Amended 2024 Returns: Availability: E-filing for individual returns (including amendments) resumed in late January 2026 after the annual shutdown, which ran from late December 2025 to January 26, 2026. Method: You can electronically amend Form 1040, 1040-SR, and 1040-NR. Process: Electronic submission is generally available for the current and two prior tax years. Benefits: Filing electronically, rather than by mail, allows for faster processing of your amendment. IRS (.gov) +5 Ensure you use tax software or a tax professional to submit the 1040-X form to ensure it is processed through the Modernized e-File (MeF) system
31m ago
I am trying to do my state taxes for Wisconsin, but no matter what I enter for a school district code I get an error stating that it's an invalid code. I live in South Milwaukee and am using the corr...
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I am trying to do my state taxes for Wisconsin, but no matter what I enter for a school district code I get an error stating that it's an invalid code. I live in South Milwaukee and am using the correct code.
33m ago
Due to the complexity of options available for reporting the activity of an S-Corp in North Carolina, it would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue. You can s...
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Due to the complexity of options available for reporting the activity of an S-Corp in North Carolina, it would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions:
Open your return and go to Online in the top menu, then choose "Send Tax File to Agent." On a Mac computer, choose Share or Help >> Send to Agent.
You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you.
We will attempt to determine the cause of your experience and possibly provide you with a resolution.
33m ago
the Desktop version does not have that. The latest desktop version has (3/29/26) under "other Situation" Voluntary Contribution, Virgina Idenity pin, and health care coverage info consent ...
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the Desktop version does not have that. The latest desktop version has (3/29/26) under "other Situation" Voluntary Contribution, Virgina Idenity pin, and health care coverage info consent
34m ago
You can import your last years tax return from H&R Block by saving your return as a PDF. When you start your return:
From Tax Home, start a new return, or open or continue a section of a re...
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You can import your last years tax return from H&R Block by saving your return as a PDF. When you start your return:
From Tax Home, start a new return, or open or continue a section of a return you already started
Select Tax Tools from the menu, and then Tools
Select the method you used to file last year
Use the help links and instructions to transfer your PDF and to change your filing status
How do I transfer last year's return into TurboTax Online?
If you still need to talk to a live person you, see the link below for contact information.
How do I contact TurboTax?
34m ago
LIVE ASSISTED
https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm
FULL SERVICE
https://turbotax.intuit.com/personal-taxes/online/live/full-service/
34m ago
To access your estate planning software you can following these steps:
Check your Enail for a meassage from ARAG
This will have your Member ID and instructions.
Yo can now access the...
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To access your estate planning software you can following these steps:
Check your Enail for a meassage from ARAG
This will have your Member ID and instructions.
Yo can now access the ARAG member site.
Create an account and start building your plan.
If you don’t see the email, check your spam or promotions folder.
How do I get started with my Will Builder account?