Community basics

I made a withdraw from my traditional IRA account and deposited the fund into my checking account (not an early withdrawal). Then I just realized my 2023 taxable income is way too high now, so after I spent some time on google I learned that I can put the money back in an IRA account within 60 days, and this will be treated as a rollover so that my taxable income won’t increased because of this previous“withdrawal”. However, since the withdrawal happened in 2023 and now we are in 2024, the new institution says they won’t be able to provide a 5498 for tax year 2023. How will this impact my 2023 tax filling? Can I still don’t get taxed on this “withdrawal” after I do the rollover within 60 days?

HelloSorry if this a long story, but i want to get all the facts out there.  First of all, I am in CA.My grandmother passed away in 2020 and I was the trustee but not a beneficiary.  She had a trust, but the only assets were a home with a reverse mortgage and her life insurance.  I filed her final personal income tax 1040 for 2020 as well as a 1041 for the estate.  I kept the trust (or estate, not sure of the proper verbiage) open through 2021.  I paid all the debts that i was aware of and disbursed the remainder of the funds to the 5 beneficiaries in December of 2021.  I filed a final 1041 for the estate for 2021 as well (I did check the 'this is the final return' box).  I thought that was the end of it until this week when i received a 1099C.  it is for 2023, 2 years after I "closed" the estate and distributed everything.  I am not sure what to do at this point.  I am guessing the beneficiaries should be responsible, but i have not ke

TurboTax won’t let me file my 2023 taxes because it says the IRS hasn’t finalized EV tax credit forms. When is this supposed to be finalized?

  Hello everyone,    As we move into the holiday season, and our busiest time of year, we are excited to share some exciting changes to our Communities. Based on conversations with customers and invaluable feedback from our members, we at Intuit are making strides to formally recognize and promote our top Community members. After months of research and preparation, we are excited to announce the launch of the Intuit Community Champions program. This program will unite our top contributors from QuickBooks, ProConnect, TurboTax, and Communities in a way we have never done previously.    We’d love to share with you how the program works, and welcome questions you may have. We hope you are as excited as we are!   When will the Community Champions program start?  We will be opening our application forms in early December 2019, and welcoming our first class of Champions to join with their new privileges in early 2020.    What are the benefit

  What are Community Ranks and Levels?   In the TurboTax + Mint Community, we use a tiered ranking system to recognize and reward members who actively participate, as well as help users quickly evaluate the status of another user and the potential quality of their contributions. Your rank is seen right next to your profile name on your posts.   Ranks represent the contribution that a member has made to the community, so you can learn a lot about a member by checking out their rank.  The higher the rank, generally the more helpful and active one has been in the Community.   Some ranks will also open up additional Community permissions such as the ability to add videos and signatures, as well as upload attachments to your posts.   How can I increase my Rank/Level?   As you spend more time on the Forum, engage in positive conversations, and help other members, you will move up in rank.  While we can’t give away the exact formulas, members move up r

The average direct deposit tax refund was close to $3,000 last tax season, and with tax season well underway, it’s no surprise that the most common tax season-related question we’re now hearing is: “Where’s my refund?” We know that you work hard for your money and that your tax refund may be the biggest check you get all year, so we’re here to let you know what happened after you hit the e-file button and how to check the status of your tax refund. The IRS issues all tax refunds — TurboTax does not issue the actual refund. If you have an IRS acknowledgment, then they are processing your tax return. Here is a breakdown of IRS processing times, how your tax return will progress through the three stages with the IRS; (“Return Received,” “Return Approved,” and “Refund Sent” once you e-file), and where you can go to check your refund status. Refund Processing Time E-filed tax returns with direct deposit: E-file with direct deposit is the fastest way to get your federal tax refund

    At Intuit, we are looking to bolster the quality and the value of our communities through recognizing our most impactful contributors - our Champions. A Champion is an advocate who is passionate about sharing their expertise and knowledge in order to help other community members' prosper.   Does this sound like you or someone you know?   We are excited to share a new opportunity that is LIVE across all of our Intuit Communities (Turbo Real Money Talk, QuickBooks, and ProConnect). This program invites individuals across our Intuit ecosystem to be unified and recognized as Intuit Community Champions.   Nominate yourself or someone you know today!   To submit an application, you will need to describe your nominee's current involvement in the Community, and why they would be a good fit for the Champions program.   Interested in learning more about the values and expectations of a Community Champion?   We look forward to receiving your nomination

Welcome to the TurboTax Community!    This Community is a great place to discuss tax and financial topics, ask questions, and share your experiences with others. If this is your first time here, you have come to the right place to learn how the Community works.   Let’s begin with the basic structure of the Community. The Community is divided into several Discussion Forums, as in the screenshot below, so you can easily choose a relevant area to start a discussion or explore existing content.     The various Discussion Forums are great places to ask questions, share your experience, and discuss relevant finance, money, and tax topics. If you have questions that you’d like to ask the Community regarding TurboTax program, select one of the discussion boards under Tax that is most relevant to where you are in the program. You can Connect with Others who are also Self-employed, or in similar situations as you with Your Money Stories.  Additionally, you can

Intuit's TurboTax Community is a place for people to engage in discussions and ask questions about taxes various financial topics. Intuit TurboTax employees participate in the Community as well, but it is our primary intent to let users interact with other users. We have a strong community of volunteers, partners, and Intuit employees that strive to help as many people as they can. However, due to the nature of a user-to-user community, we do not guarantee that questions will get an immediate response. To learn more about our community please read this post about getting started in the TurboTax Community.   By participating in the TurboTax Community you are agreeing to these Rules of Participation, the Terms of Use, and the Intuit Online Privacy Statement .   Intuit employees monitor this forum to identify and remove inappropriate content. The Moderators will enforce these Rules of Participation and the Terms of Use at their discretion. Intuit may modify these

Welcome to Intuit's TurboTax Community!   If you are as excited as we are to engage in discussions, ask questions, and share knowledge with others, you’ve come to the right place!    Before diving in to the conversation, the following links might be useful for you.    Looking for Support? Check out FAQs for TurboTax or ask questions in the Community.  New Here? Learn Community Basics: This thread contains instructions on how to perform basic community functions, such as registering and posting.  TurboTax Community Terms of Use: The fine print.  Do’s and Don’ts: Community Guidelines and recommendations for productive use.  Community Ranks, Levels, and Member Icons: Learn what everything means and how you can level up. Intuit Community Champions Program: Are you knowledgeable about taxes and personal finances and like to help others? This program is for you!  Thank you for your participation here. Happy posting

These TurboTax Community Terms of Use, together with the Intuit Inc. Privacy Promise and TurboTax.com Terms of Service (collectively, the "Terms"), govern your use of the TurboTax Community (the "Site"). The Terms describe the permitted and prohibited uses of the Site, among other things. Your access or use of the Site in any way evidences your acceptance of the then current version of the Terms, and any related rules and guidelines. Intuit reserves the right to modify the Terms at any time, effective upon posting of the modified Terms on the Site or any other Intuit sponsored Web site. Intuit also reserves the right to waive or modify any of these Terms as they apply to a specific posting and user without affecting the application of these Terms to all other postings and users. "Postings" means, but is not limited to, any text, links, images, communications, opinions, software, data, and any other content any person provides on the Site, including, but not limited to message boar