All Posts

Revisa si tu declaración ya ha sido aceptada.  Revisa aquí el estado de tu presentación electrónica, si no se ha enviado ve a la sección de Presentar y envialos. Revisa el estado de tu reembolso federal Necesitarás tener disponible tu número de Seguro Social o ITIN, tu estado civil, y la cantidad exacta de tu reembolso.  Asegúrate de ingresar la información correctamente.  Puede ser porque no tengas la información correcta, regresa a tu cuenta de TurboTax para que  verifiques la cantidad de tu reembolso.  Si envió sus impuestos electrónicamente la información está disponible en cuanto la declaración es aceptada por el IRS. Si envió sus impuestos por correo la informacion puede tardar hasta 4 semanas para estar disponible  Si han pasado más de 21 días desde que tu declaración fue aceptada, puedes llamar al IRS para revisar el estado de tu reembolso al 800-829-1040.    

Hello, I just completed three years of NUA related transactions and it appears to have been  successful.    In year one, I took the NUA and reported it consistent with the 1099 data showing the NUA value.  I paid regular income tax on the cost basis.    In years 2 and 3, I sold 50% of the shares each year (I waited a year for LTCG for the entire value)    I have desktop TTD and made a manual adjustment on the 8960 worksheet.  The IRS accepted both the 2024 and 2025 returns without adjustment.        State was more difficult as they do not recognize NUA's nor the Rule of 55 for retirement.  So, I paid state tax on the full value of the distribution and then had to adjust the cost basis when I sold - paying the gain based on the distribution price (as opposed to cost basis) .  This caused me to also manually adjust the state cost basis of the shares.  I expected that between the federal and state manual adjustments that I would be flagged.     I think it's critical that the value of the NIIT exclusion after everything is sold does not exceed the NUA on the original 1099 - and I triple checked this metric.     The tax savings is enormous between the LTCG and NIIT treatment so it is well worth doing if you have any significant appreciation.  It also reduces your future RMD which could affect your income for Medicare premiums.      I am happy to say that all returns have been accepted and this three year set of transactions is complete!       

"Are IRA contributions before 4/15/26 for tax year 2025 supposed to be included in the value as of 12/31/25?"   No.   When I doubt, refer to the IRS instructions for a particular form.  The instructions for line 6 of Form 8606 say only  to add the amount of any outstanding rollovers.  (TurboTax asks if you had any outstanding rollovers, so when TurboTax asks for the 12/31 value, enter the amount actually present on 12/31.)

I'm not specifically familiar with the PA TT program.  But, the general rule is TT will pick that up from your W-2 (that you entered in the federal section) if PA is in box 15 and the withholding is in box 17.  There should also be an amount in box 16. 

You can't get the credit because you took it as a reduction in the car's price. You can't claim this same credit on your tax return.  You already received the benefit at the point of sale. TurboTax indicating $0 credit for this transaction is correct.

You can file without a W-2, but first contact your employer or payroll provider to request it. You can also check your IRS wage and income transcript.   If you still don’t receive it, use Form 4852 (Substitute for Form W-2) and estimate your wages and withholding from your pay stubs.   How do I file a substitute W-2 using Form 4852?    

To edit your truck mileage in TurboTax Online, follow these steps: 1. Go to the Deductions & Credits section. 2. Scroll down to find your business or rental property where the vehicle is used. 3. Select Vehicle Expenses, Business Vehicle Expense, or similar option. 4. Choose the truck or vehicle you want to edit. 5. Update the total miles and business miles driven. If you can't edit the mileage, check if the vehicle is marked as "stopped using" for the year. If so, you might need to remove the stop date or delete and re-add the vehicle.

Enter all of the box-12 boxes in the corresponding box-12 boxes on TurboTax's W-2 form, nowhere else in TurboTax.  TurboTax automatically picks up the code-W entry from the W-2 form, so do not enter this amount separately in the HSA section.