All Posts

Hello there,   I am using TurboxTax 2025. After I completed all inputs, I got a warning saying I overpaid deferral retirement plan by $1. After some trials, I believe it should be due to precision errors in TurboxTax .   I have two W2 forms this year. Both of them has values in box 12 with code D. The amount in both forms end up with .5, so I guess TurboxTax first rounds up the amount for each W2 and them sum the amount from them. I already tried deducting $0.5 from one W2 and adding $0.5 to another W2 to see if the guess is right, and then I see the warning disappeared, so the precision error is most likely the cause.   Can you help me to fix the issue? I don't think I should update W2 amount to work around the issue, as this will leads to incorrect reporting my W2.   Thanks

TurboTax doesn't allow me to take the LLC. My child is a graduate student. I input Form 1098-T and answered the questions on the screen "People wks(child name)" Part II, #1-5 all YES, #6 NO, and #7 Yes.  But, these answered are not exactly flowing to the screen "Student Info Wk" Part II. And it says on Part III #2 checked NO and says "Did not attend eligible educational institution. Courses not part of postsecondary degree or program to acquire job skills." I tried so many different ways not to override, but the only way to take LLC is to override (which it will prevent me from e-filing). How can I take the LLC without overrides? Thanks! 

Under Income --> rental properties and royalties, whenever I click the edit button for Mortgage Interest , I get a screen that says "Check your internet connect, check back after few minutes". I have tried multiple times - on a different machine and browser , the issue doesn't resolve. Is there any solution for this issue? I have been seeing this for last 8-10 hours 

Hello community:  Regarding TurboTax Desktop Investment Import from E*Trade Morgan Stanley after import from E*Trade fromMorgan Stanley I can successfully login to Etrade.. (from Turbo Tax)  But I am not seeing all my 1099 in the list of import  I can login to Etrade a/c (outside TT) and I can see that 1099 (one catch is that .. the specific account is closed in the middle of tax year 2025.. but I had few stock transactions to report and I have 1099 from Etrade for that)  But for some reason Turbo Tax import is not seeing it ..  Greatly appreciate any help here.   Thanks, 

I am reporting my Medicare premium as a self-employed person on Schedule 1, Line 10.  The premium also appears on Form 1040 Line 6 (Social Security Benefits Worksheet), on Line B, but I think that's okay because it doesn't really affect the numbers.    My question is, is it okay to still include them on line 6 where it asks for Schedule 1 information which includes Line 15, deductible part of self-employment tax, and Line 17, self-employed health insurance deductions, or is that double-dipping?

My spouse deposited $7000 in a Traditional IRA in 2024 and got a full deduction. So Form 8606 was not generated for her on the 2024 tax return. She deposited $7000 in traditional IRA in 2025 and did a backdoor ROTH conversion. The form 8606 that got generated should have shown $0 as non taxable amount. But it is showing a value of $3808 as taxable amount which is wrong. How do I correct this in the 2025 tax return in Turbo Tax?