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You can enter as Worthless Security.  To enter worthless investment as investment sales: Under Federal Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings. Did you have investment income in 2024? YES Let's import your tax info  Enter a different way OK, let's start with one investment type Other Continue Tell us more about this sale  Worthless Stock Continue Now, enter one sale for WORTHLESS STOCK (Proceeds=0 Date sold or disposed= 12/31/2024) Let us know if any of these situations apply to this sale  This was a worthless security  Continue

As long as you meet the requirements for the free file you can use the free file.  See Sabrina's post above about eligibility.  If you upgraded by mistake, you can select to downgrade.  To downgrade follow these steps:   Open your return if you haven't already. In the left menu, select Switch Products. Select Downgrade. @cathymulvey 

Since neither the IRS nor TurboTax knows what your RMD should be (and apparently not your plan administrator), if you're asked for an RMD amount, try entering $0.    If you later get an error (or a penalty for not taking your RMD), then enter an amount equal to or less than the distribution.   Here's more info on Inherited Total IRA Distribution and a detailed article on Inherited IRA's.     @zoeythedog         

Probably the email is correct.   See this TurboTax support FAQ for fixing a rejected tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/fix-rejected-return/L5Kn9Ijk5_US_en_US?uid=m9eoq7kh

Q.  Should 1098-T issued to the child be reported on either return? A. The 1098-T is only an informational document (as is the 1099-Q).  The numbers on it are not required to be entered onto anybody's  tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly the student has taxable scholarship income.    Q. Parents included 1099-Q on their return and reported tuition paid as an offset. Is this correct? A. Probably not. The parents should first use room and board (R&B) to offset the distribution. The student may need the tuition, fees, books and a computer to claim the tuition credit and/or keep the scholarship tax free. R&B are not qualified expenses for the tuition credit or tax free scholarship.   There needs to be coordination between student and parents in allocating expenses, for tax purposes. It's even  possible that nothing gets entered on anybody's return. More info is needed.   Age, alone, does not disqualify you child from being your dependent.  There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit and student status test, a relationship test and a residence test. She is too old to be a QC.  A person can still be a Qualifying relative dependent, if not a Qualifying Child, if he meets the 6 tests for claiming a dependent: Closely Related OR live with the taxpayer ALL year His/her gross taxable income for the year must be less than $5050 for 2024. The taxpayer must have provided more than 1/2 his support In either case: He must be a US citizen or resident of the US, Canada or Mexico He must not file a joint return with his spouse or be claiming a dependent of his own He must not be the qualifying child of another taxpayer

I recommend reviewing your input in the federal interview section of the programs.  Below is a list of the more common areas where you may have an entry for capital gains transactions.   Where do I enter a capital gain or loss?  Typically, you will see this reported on Form 1099-B when there are proceeds and cost basis amounts reported.   Where do I enter my 1099-DIV in TurboTax Online?  Sometimes, you will see capital gains reported in box 2a of a Form 1099-DIV.   Where do I enter a Schedule K-1 that I received?  Line items will differ based upon the type of Schedule K-1 received, but many times, there could also be capital gains or losses reported on these forms that flow into your personal return.    

Thanks @AmyC !    My situation is similar:   I am a resident of IL, and say traveled 36 days to CA in 2024; However, my company only considered 27 days of travel and attributed only that amount of my total income to CA. While I'm able to correct this and enter the appropriate non-IL sourced income when filing the IL returns, since this number does not match what's actually on my W2 (box 16), I am getting this e-file error.   Is the recommendation that I update the W2 manually with the corrected state income associated with each of IL and CA? The tax deducted of course wouldn't change, but the income attributed will.   Concrete example, just to elucidate:   income listed on W2: 100K; CA income 20K and IL income 80K. My intended split: CA 25K and IL 75K.   Should I just update the W2 entry to reflect my intended split?  

Interestingly enough our other son just did his taxes on the software application on our computer  and had no issue downloading his tax documents from 2 accounts at WFA.  Thus it is not a cookies or virus software issue with our computer.  WfA still states that it is a TT issue.   I tried one more time before I start manually loading for all our investment accounts with WFA and am getting the same error code from TT.  Very frustrating and disappointing.  Now I will have to spend additional time manually inputting the information for various investment accounts that should automatically download.  Hope this gets resolved for next year.  

Do you want to buy the Desktop program you install on your computer?  You can buy the Desktop Download program here or in stores or online like Amazon, Costco, etc. https://turbotax.intuit.com/personal-taxes/cd-download   Or want to start an Online return? You can start the Online Free Edition here, https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Online Deluxe https://turbotax.intuit.com/personal-taxes/online/deluxe.jsp Online Premium https://turbotax.intuit.com/personal-taxes/online/premium

Form 5329-T shows the total rollover amount on line A of the Excess Contributions Smart Worksheet and on lines 15 & 16 of the form.   Also, the income summary screen shows the total rollover amount on the line, Pensions - nontaxable. I  expected this value to be zero.

Box 1 amount is the excess contribution Box 2 amount is the earnings. Do note that Box 1 amount minus Box 2 amount is the actual excess contribution. Box 3 distribution code is 2  You are saying only box 2 amount, i.e., earnings amount will be added? Have to check. Even if this were to be true, we would still be paying tax twice on the earnings amount since the total of the earnings and the excess amount were already included as Other Income in the 2023 return. Do you see my point? As per publ. 969, if you withdraw the excess amount between Jan 1-Apr 15, 2024 (by the tax due date effectively) then it would be treated as though the excess was not contributed, thus avoiding penalty on the excess and the earnings. And this should be shown as Other Income, which is what we did in 2023 tax return.

TurboTax handles HSAs well, it sounds like what the tax software is doing is not clear to you (which is a common enough issue, even for tax professionals).   A "credit" is a technical term in tax - a dollar for dollar reduction in your assessed tax. HSAs do not create any credit at all, so I am puzzled when you say that you are getting "credit" for your $2,000.   When I look at turbo tax it doesn’t tell me what form the $2,000 credit is on, it just tells me I am getting a $2,000 credit and reduced my taxable income by an additional $2,000.  OK, but you still haven't told me where TurboTax said this. Can you give me a screen shot of this page in TurboTax, hiding any personally identifiable data? Or, at the least, quote me what TurboTax said? Was it in the Review? On a Summary page? In some page in the interview? I cannot think of any screen in the product that would make a statement connecting "credit" and HSA.

You are in the wrong section of the program.  There is not an EIN on the Form SSA-1099   To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button

It depends. If you still have the rental assets in your tax return you can use the steps below and example to report your sale. The Forn 1099-S is not an entry form.   You need to dispose of the property by telling TurboTax how and when it was disposed of.  Follow the instructions below. Click on Search (upper right) > type rentals > Enter > click Jump to .... link (or click the first FAQ and click Go to rentals) Answer the questions and on under Rent and Royalty Summary, click Edit Click Update to the right of Assets/Depreciation. Click Edit to the right of each asset to be disposed of Go through several screens until you get to Tell Us More About This Rental Asset Click on This item was sold…….   And continue to answer the questions You might also review information here.   Example of arriving at the selling price and sales expenses for each asset in your rental activity.   Example:  Original Cost (of each asset on your depreciation schedule) $10,000 Land                = 13.33%  (Important: Land has a more favorable tax treatment) $50,000 House              = 66.67% $15,000 Improvements  = 20% $75,000 Total                 = 100%   Multiply each percentage times the sales price/sales expenses to arrive at each individual sales price/sales expense.  

I am having the same problem this year and had the same problem last year. The message says that the issue is on your end and that you are on it!  Apparently not!!!   I just spent 45 minutes on the phone with a TT support person and was not able to get a resolution.    It has been over a year and the problem has not been fixed.  I can import from Merrill Lynch with no issues, just not Charles Schwab.  If it won't import from Schwab, then just remove it from the selection list.   At least I won't be so frustrated trying to keep importing thinking that you will eventually fix the issue.    What is going on with this???

Had this problem yesterday and after changing the billing address to jibberish, except entering the correct billing zip, the payment went through instantly and without problem.   Oops! It Looks like we hit a snag Message : r/TurboTax