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BillM223

I assume that TurboTax is asking for the value of your IRAs(s) as of December 31, 2025. If so, it does this because you have triggered an error condition such as excess contributions to your IRA, so ...

I assume that TurboTax is asking for the value of your IRAs(s) as of December 31, 2025. If so, it does this because you have triggered an error condition such as excess contributions to your IRA, so on line 17 or 25 of the 5239, TurboTax can calculate the penalty which is 6% of the excess or the value of your IRA(s), whichever is smaller. Normally, you would just enter the amount (which can be found by looking at your IRA account(s) for the value on December 31, 2025 - you don't have to wait for the 5498(s).

user17752481581

Yes! They denied a refund even though it is THEIR product that is faulty. I will never use them again.

jeanchoquette12

I'm using TurboTax Desktop Premier for 2025. I'm computing my estimated taxes for 2026. The total calculated tax is $81,000. The amount projected to be withheld is $42,000 leaving $39,000 to be pa...

I'm using TurboTax Desktop Premier for 2025. I'm computing my estimated taxes for 2026. The total calculated tax is $81,000. The amount projected to be withheld is $42,000 leaving $39,000 to be paid in estimated taxes throughout the year. Yet when I use the computing method of "100% of your 2026 estimated tax", the software says no taxes payments are required. I looked at the forms and saw that at the bottom of the "Estimated Taxes and Form W-4 Worksheet", the section called "Summary of Taxes to be Paid for 2026" is blank ... nothing is in the line called (Your 2026 federal estimate taxes based on" is empty as well as the line below it called "Estimate of total payments you will need to make for 2026". This should have the payments listed and I'm guessing since it does not, no estimated payments are generated.

Michael16

My spouse received income in 2025 as a paid caregiver through our state's Medicaid program. This income isn't generally taxable under IRS Notice 2014-7 (Difficulty of Care Payments). She received a 1...

My spouse received income in 2025 as a paid caregiver through our state's Medicaid program. This income isn't generally taxable under IRS Notice 2014-7 (Difficulty of Care Payments). She received a 1099-NEC for this income. When entering the 1099-NEC in TurboTax, I assume I simply select the radio button for "Medicaid waiver payments that qualify as difficulty of care"? That should remove any federal/state tax obligation?

rkdehaan

Ravan

Fozwort

Thanks, that's true and a good lesson. But given all the prompts in the TurboTax program, why didn't they ask the question - 'Did you make any estimated quarterly tax payments?' Anyway, the full r...

Thanks, that's true and a good lesson. But given all the prompts in the TurboTax program, why didn't they ask the question - 'Did you make any estimated quarterly tax payments?' Anyway, the full refund has now gone through so everything is good.

DaveF1006

It depends. Are you entering a 1095 A form exactly how it is listed on the form in TurboTax?

Ravan

When I checked with the IRS, this is the statement I found. When I checked TurboTax, the page looked like this.

BTRR

I’m amending my 2024 return to include a 8606 (I forgot to include it). I’m in TT H&B > Personal > Personal Income > I’ll choose what to work on > IRA, 401(k), Pension Plan Withdrawals (1099-R) >...

I’m amending my 2024 return to include a 8606 (I forgot to include it). I’m in TT H&B > Personal > Personal Income > I’ll choose what to work on > IRA, 401(k), Pension Plan Withdrawals (1099-R) > Update. There’s a single 1099-R that was imported when I did my 2024 return > Edit. None of the subsequent questions are the “Any nondeductible contributions to your IRA?” question. This is the question that tees-up the 8606. How do I get to this question so a 8606 will be teed-up?

dandsdeal

chanspop

djone

I have a 1099-Q for a distribution used at a school that is not Title IV eligible and does not issue a 1098-T. However, the school is qualified as a "career credentialing program," making the 529 dis...

I have a 1099-Q for a distribution used at a school that is not Title IV eligible and does not issue a 1098-T. However, the school is qualified as a "career credentialing program," making the 529 distribution tax-free. When I enter the tuition expenses to offset the 1099-Q earnings, TurboTax automatically applies a $2,000 Lifetime Learning Credit. I should not be eligible for the LLC because the school is not Title IV, but the software isn't giving me an "opt-out" or a way to use the expenses only for the 1099-Q. How can I enter these education expenses so they apply to the 1099-Q distribution without TurboTax incorrectly claiming the Lifetime Learning Credit on my Form 1040?

DaveF1006

Yes, you will need to amend your 2024 return to carry it back one year. @dhurandhar

dwndrlch

When I enter my rental property sale, it does not ask me for my basis in the property & land. Do I enter those in expenses along with the closing costs, etc? I sent in 20% of my sales minus basis t...

When I enter my rental property sale, it does not ask me for my basis in the property & land. Do I enter those in expenses along with the closing costs, etc? I sent in 20% of my sales minus basis to the IRS when I sold it. But TT is having me owe 20% on the full sales price. We have owned the rental 9 years and I've been using TT since that time so I would think it would have the history. I use the desktop version of TT

BillM223

I don't understand how Medical and Dental expenses appeared on lines referring to state income taxes. This does not happen on my test. If you like, you can send us a "token", which is a number ...

I don't understand how Medical and Dental expenses appeared on lines referring to state income taxes. This does not happen on my test. If you like, you can send us a "token", which is a number that points to a sanitized version of your return, so we can see what you're seeing. By "sanitized", this that all of your personally identifying information is redacted, so we have no idea who you are. For TurboTax Online: Sign into your TurboTax Online account Scroll down to Tax Tools from the menu ‌ side Select Tools from the dropdown On the pop-up screen, select Share my file with agent A message that a diagnostic file gets sanitized and transmitted to us appears Provide the Token Number that was generated in this thread. TurboTax Desktop Steps Open your return Click Online in the top menu bar Select Send Tax File to Agent Follow the prompts to generate the token number Provide the Token Number that was generated in this thread. Be sure to add "@" "billm223" (without the space in between) so that I will be notified.

DaveF1006

No, you do not need to report the 1098 T on your return. The reason why you are showing that error is that TurboTax is trying to determine if the 1098 T belongs to you or your spouse. Lessen the conf...

No, you do not need to report the 1098 T on your return. The reason why you are showing that error is that TurboTax is trying to determine if the 1098 T belongs to you or your spouse. Lessen the confusion by deleting the 1098-T completely from the return. If you use TurboTax Online, the best method to use to delete is to go to tax tools>tools>delete a form> delete 1098 T and all associated worksheets. Also delete the 8863 if it is listed in your forms. Log out of the return and log back in again to save the change. If you use desktop software, go to the form mode in your return. Look for 1098 T, 8863 and any worksheets. Close the return to save the changes and log back in again.

garkatzack

I've gone through the state return twice and there is no where to enter it.

george-h-titus

MarilynG1

Delete Form 5695, then do a Manual Update. In FORMS mode, check the box the form to 'use the address from your Federal Information Worksheet'. If this address has any special characters, edit them ...

Delete Form 5695, then do a Manual Update. In FORMS mode, check the box the form to 'use the address from your Federal Information Worksheet'. If this address has any special characters, edit them (use Unit 19, instead of #19, for example). If all looks well on your view of Form 5695, skip the final review, and go directly to File. @R0siebg00d

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Re: Why is TurboTax asking me to enter info from Form 5498? My financial institution does not hav...

Re: I want a refund on turbo tax’s charge. I am totally unhappy with this company. You can not talk to ANYONE !! I will NEVER use them again. Anyone agree ??

100% of 2026 Estimated Tax -- form error

How to enter 1099-NEC as Medicaid Paid Caregiver?

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Re: my quarterly estimated payments were not included by turbotax in my return but this was caught by IRS. It appears I am due an additional amount of $2000

Re: 1095 A isn't accepted why does it keep getting rejected?

Re: Mismatch ssn and name

How do I get the 8606 to tee-up?

Did I just miss an entry for the $6,000 Senior Deduction? I think I qualify.

how can I omit foreign tax credit on turbotax

How to report 1099-Q expenses for a non-Title IV school without forcing the Lifetime Learning Credit?

Re: Foreign tax credit for 1099-Div

Rental property sale, basis?

Re: Arizona Return Rejected

Re: My son's Form 1098-T

I need to enter Estimated Tax payments made for state. Where can this be done?

if i have no major purchases that qualify for sales tx deduction how do I clear from fix this issue?

Re: Does anyone know when the section on Home Energy credits will be finalized in TurboTax? I can...

Do you have a TurboTax Online account?

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