All Posts

That box may not matter that much. But it might be the "De/" that is confusing TT. Try just the number. I suspect that even if you left box 15 out it wouldn't matter. It certainly wouldn't matter for your federal taxes. It might matter for state taxes, but  probably only if you has state withholding and even then probably not. 

This is happening again as of Jan  31, 2026.   FAILED_VALIDATION: Error Code 54 This version of TurboTax is no longer current. You must ... blah blah Check for Updates and then you can e-file.    Can not

You enter this like any other stock sale for which you did not receive a 1099-B, except that you include the word "worthless" in the description and December 31 as the date sold. Enter the correct basis and date acquired. Go through the sale of securities interview and answer the questions. If something doesn't make sense, feel free to ask again.   You should keep records to show that the stock is "totally worthless" ...

Schedule C box 32a comes into play only if your Schedule C business is showing a loss.     To review whether or not all of your investment in the business is at risk in this situation, use the following steps when using the Home and Business desktop version of TurboTax:   Go to your Schedule C business input screens Go to Final Details > Special Situations and click Start or Update Check the box labeled 'I have money invested in this business that I'm not at risk of losing...' if this situation applies to you When the box described above is checked, then Schedule C line 32b will be checked and you will need to enter further information about your investment in the business.  Otherwise, Schedule C line 32a will be checked when there is a loss.   If you are using TurboTax Online, use the following steps :   Go to your Schedule C business input screens Go to Uncommon Situations and edit this section Go to the screen titled 'At-Risk Limitations' to check the box that matches your situation to fill in Schedule C box 32 properly  

Schedule C box 32a comes into play only if your Schedule C business is showing a loss.     To review whether or not all of your investment in the business is at risk in this situation, use the following steps when using the Home and Business desktop version of TurboTax:   Go to your Schedule C business input screens Go to Final Details > Special Situations and click Start or Update Check the box labeled 'I have money invested in this business that I'm not at risk of losing...' if this situation applies to you When the box described above is checked, then Schedule C line 32b will be checked and you will need to enter further information about your investment in the business.  Otherwise, Schedule C line 32a will be checked when there is a loss.   If you are using TurboTax Online, use the following steps :   Go to your Schedule C business input screens Go to Uncommon Situations and edit this section Go to the screen titled 'At-Risk Limitations' to check the box that matches your situation to fill in Schedule C box 32 properly  

The 1099-INT for interest will be taxable in full.   When you enter the 1099-B in the sale of assets section, you will enter your "basis" (usually the amount you paid for the asset). You will be only taxed on your gain, which is your proceeds minus your basis. If that is a loss, that will reduce your other income. TT will figure that out for you once you enter the proceeds and basis. Many Form 1099-Bs show your basis. If not, you must determine your own cost basis and be prepared to substantiate it (with statements/confirmations showing the purchases). For more information about how to enter 1099-B's see this help page: https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-1099-b/L7MFY1jNg_US_en_US

Typically, when selling a used car, it is for a loss and there is no profit.  If that is the case, you do not need to report the sale of your car, and there is no tax due.   However, if you made a profit, you do need to report this and pay tax. You can enter this in TurboTax in the section for Investment Income.   Here is how:   Open TurboTax Online and navigate to Wages & Income > Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)  Choose the button Add Investments Under "Let's import your tax info", choose "Enter a different way." Choose "Other (land, second homes, personal items)" and continue Enter the name of the person or financial institution that brokered the sale- you can enter the name of the person or company you sold it to here. Lastly, enter the details of the car sale. The type of investment is personal, the description can be the type of car, and the other information needed will include how you obtained the car, the date you obtained it, the date you sold it, how much you sold it for (proceeds), and the cost of the car. 

To enter Car Loan Interest - Click on Federal Taxes (Personal using Home & Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Cars and Other Things You Own On Car Loan Interest, click on the start or update button