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To get TurboTax to recognize your pension as satisfying your RMD (if applicable) and to get past the road block of the questions that do not pertain to you, including "annuity" questions, do the following:   First, we will delete the original Form 1099-R entry:   Go to Tax Tools on the right hand panel inside of TurboTax Click on the down arrow and scroll down to Tools Click on Tools and select Delete a form from the menu items that appear in the Tool Center Click on the trash can icon to the right of the Form 1099-R and Form 5329 (that may have been triggered incorrectly)   Now, click back on Wages & Income to return to input the Form 1099-R information again:   Go to Income on the left panel within your TurboTax account Scroll down to Retirement Plans and Social Security and click on the down arrow to the right Click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) Click the Yes box when you see, "Did you get a 1099-R...?" Click the "Enter a different way" box Click the "Type it in myself" box Click on the box that pertains to your type of 1099-R (typically the first box), Continue Next, you will see, "Enter your 1099-R provider's info", complete that, then Continue Next, you will see "Enter your 1099-R details from _". Enter the information from the original Form 1099-R that you received Ensure the details from your Form 1099-R are correct checking for which Distribution Code was used in Box 7  and that the IRA/S/S box is not checked, then Continue Ensure the "No, the box is blank" is selected on the next screen, "Is the IRA/SEP/SIMPLE box on this 1099-R checked?", then Continue Important: When you reach, "What kind of retirement plan do you have?", select Qualified plan, then Continue When you reach, "Was This Distribution From a 403(b) Plan?", select No, it's another type of qualified retirement plan, then Continue Next, when you reach, "Let's get more information about your Required Minimum Distribution (RMD)", enter your RMD (if not applicable, enter zero 0) due by December 31 Next, you are asked, "How much of this distribution applied to your December 31 RMD?" Next, select "Entire, or Some", for the amount of the distribution that applied to your RMD (amount you just entered in prior screen), Continue Next, when you see, "We found a few other questions about your situation", Continue This is where you will see questions relating to Annuity, where you will answer No to periodic payments, Continue Do you have more 1099-Rs to enter? Select No to complete the steps for this one before moving to the next one You will reach "Review your 1099-R summary", press Continue (not the pencil) and additional questions will generate for you to answer When you reach "Let's go over any required minimum distributions (RMD)", Continue (not the pencil)

Hi Bsch4477, (Sorry for not replying yesterday.)   Thanks for reading my post and taking the time to reply, I appreciate it.   Yes, in tax year 2025 the itemized deductions are subtracted from AGI, but that just reduces the taxable income, it does not reduce the 2025 AGI amount.   Whereas the state tax refund in 2026 increases the 2026 AGI.   That is precisely the point I'm trying to make:  if the 2025 itemized deductions would reduce the 2025 AGI, then it would be fair for the 2026 state tax refund to increase 2026 AGI.   But since 2025 deductions reduced only taxable income, not AGI, it doesn't make sense for 2026 AGI to be increased because, as explained in my original post, that could have additional adverse tax consequences beyond just increasing taxable income.

The basis of inherited stock is generally the fair market value of the stock on the date of the original owner’s death, known as a stepped-up basis. If the stock is not publicly traded, you would need to contact the issuing company and request a valuation on that date.   It's important to record the initial value for your shares to avoid basis issues that might create a tax liability.   When you run your Final Review in TurboTax, the program will let you know if you are missing entries. However, you are not required to make an entry for Form 7203 Part I Line 1 (Stock basis at the beginning of the year). The form calculations will simply start from zero.

Une correction sera apportée le 2 avril pour rectifier le problème. Cependant, vous pouvez contourner le problème en mettant 1.00$ dans la case G 2 du Relevé 1. Les calculs se font bien. Nous sommes désolés de cette inconvénient.   Merci de choisir TurboImpôt

The IRS issues most refunds within 21 days, assuming that there's no delay and nothing is holding your return. Some returns are subject to an automatic hold because ‌certain credits are claimed. Also, if there's math errors or some missing information.   Check if the IRS sent you a ‌letter requesting more information. You shouldn't ignore it.   You can keep monitoring your refund status by clicking on the links below:   To track your Federal Refund  Where's my Refund   To track your State Refund  How do I track my state's refund?  

Veuillez réviser vos entrées en mode Easy Step et ensuite dans le formulaire TP-1029.AE Un scénario recréant ce crédit indique bien le crédit de 650.00 à la ligne 461 provinciale.     Merci de choisir TurboImpôt

Dear Marilyn G1: I am terribly sorry. I confused myself in my reply posted a few minutes ago. The lease on my vehicle expired on 6/7/2024, not 2025. I purchased the vehicle at the end of the lease in 2024. I took 6 months' depreciation in 2024. I used actual expenses, not standard mileage deduction.  I should be able to take 12 months' depreciation in 2025 when I have owned it for the entire year.  I did not take 179 in 2024 (line 34)  but I did take Special Depreciation Allowance on 36e, exactly the way you show in your screenshot below - do I still have depreciation expense in 2025?  Kindly forgive my previous email and help me with Depreciation expense in 2025.  Thanks. Dchiang8