All Posts

Our non-dependent son was on our ACA plan 1/1/25 - 6/30/25, he files his own taxes. We received 1 1095-A that shows the three covered individuals, our son 1/1-6/30 and the two of us 1/1-12/31. Our part 3 values changed when our son left the policy. We chose an agreed upon % of 33 and 67%.  I entered our son as January - June for the coverage and input our portion of the shared policy as 67%, I don't see an option to increase our % to 100% for July - December.  I checked on forms 1095-A and 8862 and do not see a way to divide the percentages.   Do we need to do anything else to the 1095-A or does the software do the calculations for our costs during the July - December time frame.   Another question is why does the 'get help with this' on the 'What's your portion of this shared policy' page state that the 'Your SLCSP %' is usually left blank?

My 1099-B from Vanguard has a couple regular stock sales, but also 12 entries for "ISHS GOLD TRUST" (one for each month of last year), each about 3-5 bucks. Here's an example of January...   ISHS GOLD TRUST ETF / CUSIP: [removed] / Symbol: IAU / Note: CL 01/31/25 0.000 3.38 N/A ... ... ... Principal payment 16 Cost Basis Factor: 0.464285204   Column 1d is about 3-5 bucks for each month. Quantity is 0.000 for all. Date acquired is "N/A" for all. All other columns "--". Grand total for all 12 months of $50.06. *note I didn't actually sell any of my IAU this year, so I'm assuming these are some form of dividends?   TT is complaining that all 12 months need review. I edited January, it flagged in red the following...   - Sales section (I selected "Unknown term basis not reported to IRS") - What type of investment did you sell (I selected collectible, is that correct?) - Select the information type you see in Box 1b: (The "Date acquired" for all months is "N/A", I purchased this etf 6+ years ago btw, so I selected "Something other", and in the dropdown selected "-Blank-"). - Box 1e - Cost or other basis (1e is all "--", so I left it blank and checked the "The cost basis is incorrect or missing on my 1099‑B" check box)   Once those 4 red fields were edited, I clicked continue. However, at the end of the Wizard I got a red warning saying "We still need some required info." with the option to yes/no I need to adjust my cost basis. It's still "--" on the 1099-B, so I said "No, I don't need to adjust my cost basis".   Back at the review screen, it still shows the entry for January as "Needs Review". What the heck?   I have tried uploading the form directly AND providing my Act# and Document ID. Both have the same issue. I imagine a lot of people hold IAU at Vanguard. There has to be an easier/smarter way for TT to handle this...