All Posts

Here is the process you will need to do.   Enter the full amount of the 1099 NEC as business income. Even though the tip amount is eventually excluded, you still need to pay self-employment tax on the tip amount. Now to exclude the tip income, go to federal. Go to Miscellaneous income Go to other reportable income Any other taxable income, select add In the description field, describe this as tipped income reported as 1099 NEC compensation Enter the tipped income amount as a negative number. Be sure to keep all records and documentation on how much of tipped income was reported on your 1099 NEC form. You will need this information in case of an audit. Be sure it isn't more than $25,000. 

Michael Dell doesn't have an MBA. Tim Cook (CEO of Apple) DOES have an MBA and that company has done a LOT better than with Jobs ran the joint. Warren Buffett should also need no introduction.   Further, the level of education of co-founders of major corporations is not exactly a great way to divine the direction the route the business will take. A couple of notable examples are Gates (MSFT) and Zuckerberg (META).   Notably neither Sergey Brin nor Larry Page had MBAs.

@tdsmithtn The additional deduction is not added to the standard deduction.   An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

If you were able to import your crypto CSV file once into TurboTax Online, have you tried clearing your Cache and Cookies and retrying your second import, through the 'Add Investment'?   @summerscarol 

Delete whatever is in box D and leave it blank - you don't need it.   If you are trying to import, exit out of the import and type it in manually.   The control number is not required to enter the w2.      If you get errors when attempting to e-file with an empty box D, just enter any number in this format: 5 digits, space, 5 digits (for example, 12345 67890). The IRS doesn't care what's in box D.   Control Number Issues

No, that is not correct.   Please return to the "Personal Info" section Select EDIT by your name  Under Occupation is "State of Residence"  Select Mississippi if you were a resident of Mississippi in 2025 (as you say you were) It does not matter if you have a Florida mailing address or that you moved in 2026, only where you lived in 2025.      

It sounds like you are taking sales taxes for large purchases as a deduction - if so, the amount of sales tax paid on the large purchase is not calculated by TurboTax, but must be entered by the user.  The IRS also has a sales tax calculator here  IRS Sales tax calculator .  It hasn't been updated for 2025 yet, but I used data of $100,000 income for a single individual in Miami FL and it came up with a sales tax deduction of $1054, which is similar to a result that I got for TurboTax 2025.   If you could provide more information about where you are seeing that error (such as what screens you are on), that would be helpful in diagnosing the issue.