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@jmrauman wrote: Re: My TurboTax 2025 does not recognize the 2024 Turbo tax return file. Are you having a problem with transferring the 2024 return data info into a new 2025 return?   This thread is a mix of Windows users and Mac users.  In order to help you, we need to know if you are using a PC or Mac version.    And do you have the *.tax2024 data file on  your computer?   In Windows, the default location is the Documents\TurboTax folder.    However, if you are using a Mac, there is a known transfer issue into 2025 that we can tell you about that will hopefully resolve it.   So please provide some details.

Hi, I was reading this and I made the error of withdrawing more than the excess contribution. I requested an amount as Return of Excess that was larger than the required by about $1000. How do I account for the extra money taken out? Thanks - Ben

The credit is not a credit towards retirement funds - it is a credit towards your income taxes - you qualify if you contribute to a retirement plan.   The contributions you make are accumulating for your retirement and can qualify you for the credit.   Did you contribute to a retirement plan in 2025?   The Retirement Savings Contributions Credit, also known as the Saver's Credit, or the Credit for Qualified Retirement Savings Contributions, can help low- and middle-income taxpayers saving for retirement.  This credit is nonrefundable.      You qualify for the credit if you’re: 18 or older Not a full-time student Not claimed as a dependent on someone else’s return How does a retirement plan withdrawal (Form 1099-R) affect my taxes?

TurboTax will not automatically find a tax data file (.tax2024) if it was not saved by TurboTax on that computer. On the opening screen in TurboTax click "Find a Tax File" to locate the downloaded .tax2024 file and open it. Once you have saved it from the desktop software on the computer, TurboTax will find it after that. If your downloaded tax file contains a state tax return you have to install the state software before you can open the file.  

Yes, if the traditional IRA contribution made for 2025 was not reported on your 2025 tax return, you'll need to do that.  I would file Form 8606 along with Form 1040-X.  The Form 1040-X will show that there are no changes to your already-filed 2025 tax return other than to add the Form 8606 to report the nondeductible traditional IRA contribution.   You are correct about what the 2025 From 8606 need to show.

The TurboTax Capital One error 4000, something happened and we can't connect to Capital One usually indicates a temporary server communication failure between Capital One and Intuit. This can be caused by high traffic. Waiting 24 hours usually resolves this connectivity issue.   Please return to Community if you have any additional information or questions and we would be happy to help.

Dear TT Experts,   I just took another look at my two (2) Forms 1099-B which I only entered the summaries in TT.   Both Forms stated that the basis was reported to the IRS. Is that the reason that TT did not give advise to mail the forms to IRS Austin?   More importantly, does this mean I need NOT mail the forms to Austin, after I e-file my return?   Thank you so much! 

It depends. If you are the sole heir without court-appointed proceedings, you should file Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer, along with the final tax return, to claim the refund. Representatives who aren't court-appointed must include Form 1310 to claim any refund.    If there is a court-appointed representative, then IRS Form 56 is required.   Any appointed representative must sign the return. If there's no appointed representative and no surviving spouse, the person in charge of the deceased person's property must file and sign the return as "personal representative." You would answer "no" to items 2a and 2b on Form 1310 to indicate that there was no court appointment and there will not be one.   See this IRS tax tip, this one, and this blog from the Taxpayer Advocate Service. Refunds for returns with Form 1310 may be significantly delayed.   See also IRS Publication 559 and this TurboTax tips article for more information.   My condolences on your loss.  

Try these steps.   In TurboTax Online, enter the rental activity assets by following these steps:    Down the left side of the screen, click on Federal. Down the left side of the screen, click on Income. Scroll down to Rentals, Royalties, and Farm.  Click down arrow to the right. Click to the right of Rental Properties and Royalties. At the screen Your 2025 rentals and royalties summary, click the pencil icon to the right of the rental. At the screen Here's rental property info, click the pencil icon to the right of Assets. At the screen XXX depreciable assets, click Add. Rental property income is reported on Schedule E Supplemental Income and Loss.  See also this TurboTax Help.    @snapdragon2012       

You cannot set up a payment plan through TurboTax to pay for your TurboTax fees. TurboTax fees must be paid  by credit card or deducted from your refund.    However, you can file your tax return through TurboTax, and pay by check. You can also request an IRS payment plan using Form 9465 to pay your tax debt over time.    And you can set up a payment plan directly through the IRS Online Payment Agreement tool. You can apply directly using that link.   You can also submit Form  9465 through TurboTax if you have not filed yet. See this link for more details. Can I set up a payment plan for my taxes?   Also see: Unable to Pay Your Tax Bill? Here’s What To Do  Please return to Community if you have any additional information or questions and we would be happy to help.