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The reason your 18-year-old's tax return was rejected is that she did not indicate on her return that she can be claimed as a dependent while you are claiming her as a dependent and have already filed.   To correct this error, on her return, revisit the My Info section, answer correctly each question and most importantly indicate that she can be claimed as a dependent by someone else. Then you can resubmit her return.

Basis is defined as what you paid plus commissions or fee. This includes accrued interest paid to seller. IRS instructions for Sch B state: Accrued interest. When you buy bonds between interest payment dates and pay accrued interest to the seller, this interest is taxable to the seller. If you received a Form 1099 for interest as a purchaser of a bond with accrued interest, follow the rules earlier under Nominees to see how to report the accrued interest. But identify the amount to be subtracted as “Accrued Interest.”   Accrued interest paid to the seller is part of your basis. Your 1099-INT will include the full interest payment (including what you already paid the seller). You don't want to pay twice so you can adjust the amount. You can decrease the amount in box 1 manually as @DianeW777 states above. Another option is: enter the form in full   look for the follow up screen Tell us if any of these uncommon situations apply select I need to adjust the accrued interest select I paid accrued interest when I purchased this bond enter the amount Both methods have the same outcome, the amount already paid to the seller is deducted from your total.

First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.

I was able to get it to work now by opening 2024, updating SW, opening last years return then saving it.  Closed it out then opened 2025 and the transfer feature worked then.  Someone else gave these helps hints above.  

It appears you have taken all the right steps. In your situation, you should re-enter any missing assets and/or your second rental activity. Print your 2024 return or have it pulled up as well so that you can have it available to do your entry. The process will move faster than you think, albeit unpleasant.   A set of steps from our tax expert @MonikaK1 may be helpful!   To transfer info from your 2024 TurboTax for Mac return:   Open TurboTax for Mac 2025 and choose File New Tax Return. Select Begin and choose Use a tax return that's on my computer. Select your 2024 return from the list and select Continue. If you don't see your return, select Find your tax return. If your 2024 return is on another computer, here's how to move it to your present computer. Select Continue to review the transferred information. We'll also give you opportunities to review, edit, or delete transferred information later on. Be aware that once you've gone past the Transfer screens, you can't go back to revisit  to re-do your transfer, go back to step 1 to start over with a new return.   See this TurboTax help article for more information.   Users sometimes report that problems with importing a return were solved after an update was run. On a Mac, simply quit and reopen TurboTax. If there are any updates, you'll be prompted to download them. Once you've done this, try again.    Tips: It's best to use a wired, high-speed connection when updating, both to save time and minimize data corruption. If your connection drops in the middle of the update, try again; it should pick up where it left off. If you reviewed the article and tried all of the steps and are still having this issue, see this help article for instructions to contact TurboTax Support. [Edited: 03/03/2026 | 1:53 PM PST] @traveler726

You cannot change the tax year.   The current online program is for 2025 only.   Only a 2025 return can be prepared online and only a 2025 return can be e-filed.   Online preparation and e-filing for 2022, 2023, and  2024 is permanently closed. Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.   To file a return for a prior tax year  If you need to prepare a return for 2022, 2023, or 2024  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s) https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.   Remember to prepare your state return as well—if you live in a state that has a state income tax.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

You cannot  change banking information while your return is in pending, nor can you change it after the return is accepted.  The IRS does not allow it.       Did you already e-file?  If you did NOT e-file you can go to the FILE section  step 2 to enter/change how you want to receive your refund.  If you want direct deposit you need the routing number and your own account number.    If you e-filed: Banking information for direct deposit is wrong or closed If you entered incorrect banking information for your refund, you can change it if your return is rejected.  If it is accepted, however, it is too late to change it.  The bank will reject the refund and send it back to the IRS.     https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/   You may get this notice— a cp53a notice   https://www.irs.gov/individuals/understanding-your-cp53a-notice   If you take NO action—-the IRS will freeze your refund for at least six weeks and then mail you a check.   If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct.  And…open all mail, even if it looks like junk mail.   And……if you choose “refund processing” or the “5 day early” offer, those involve a third party bank; sadly, you will have a lot of additional aggravation in tracking down your refund and getting a check.

@user17724849086    You'd have to indicate which state you are talking about   ___________________________ IF NY??? FIRST...make sure you are using the right number   ...depending on the license type...check the following pictures provided by NY: Sample Photo Documents | NY DMV _________________ AND, it is not the DMV ID number ________________________ BUT BEYIOND THAT !!!! For the NY DocID  ....You enter ONLY the first three Alphabetic or Numeric characters....no more than that.

You are correct. Form 8881 Part II is limited to a $500 credit. Your only option to increase that credit would be if a partnership or S-Corp also reported a Small Employer Auto-Enrollment Credit.   [edited 3/3/2026 | 1:46pm PT]

Thank you David,   After some considerable spreadsheet gymnastics, I figure out that the market discount was already included in my 1099-int under line 3. So I feel safe to adjust use the "I need to adjust the cost basis" and enter a negative adjustment with code D. This makes my gain/losses work report correctly, and I am not underreporting income as it is already reported.    I don't know if that is the right way to do it, but it does seem to work and faithfully reports my investment income. It also ensures I am not paying state tax on US treasury interest.