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@EricBBL I'm running into the same issue with my LLC which was also created at the end of 2025. SOS entity number starts with a B and Turbo Tax isn't accepting it. I wasn't thrilled about e-filing without the B but reading your response made me consider it - it still seems less hectic than manual filing. Just to confirm, you removed the B and were able to e-file?    I'm also relieved to know that FTB was able to look up the LLC with the information provided. The software definitely needs to be updated to accommodate this. 

@broman235 Unfortunately you will have to clear the tax return and start over.   If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Switch Products on the lower left side of the program screen while working on the 2025 online tax return. Click on Clear & Start Over

@Hal_Al    I know I can do that, but I shouldn't need to and if I was someone that didn't understand the forms I could easily miss how things are allocated.  While I understand that I do not need to report income and expense in scenarios where they fully offset that is not going to be common knowledge for novice tax preparers. TT doesn't explicitly state this in the step by step process.  The result is someone with 1099q and 1098T forms is likely to enter each, especially since the program asks if you have them to report.  People are going to enter information and trust the output, and I'm saying the output can be wrong and said individual is not going to know it is wrong especially in scenarios where they are entering the information and they qualify for the credits.  Person is going to enter the 1099q income first and expenses later, see the little refund tally go higher in conjunction with the credit assessment and not realize that the program is not accounting those expenses correctly and that they should have an even bigger refund against 1099q income as well as getting the credit.  It is easy to spot in my scenario where I know that I'm not eligible for the credits, so I can tell from the refund tally adjustment that the program was handling it wrong, but that will not be readily apparent to others not in that position. They'll miss out on money.

I cleared the Savings Credit and I selected "Yes" for Student, but I'm still getting the same upgrade message. Now what? Do I need to wipe it out and start over (uggghh)? Is there any way to save out my data at this point, the .tax file is probably not there yet.

Yes, if both children are required to file a tax return, you can combine their MAGI numbers in TurboTax in the marketplace section.  If they are only filing to get their tax refunded, don't include their income.    @dennisochs 

I responded to michaelbarry06's similar question with this:   "HSA says my total contributions for 2025 is $8,288."   What happened is that you received a distribution of $328 as a return of the excess contribution and you deposited that $328 back into the HSA as a personal (not through your employer) 2025 contribution.  That combined with the $7,960 contributed via your employer in 2025 makes your total contributions for 2025 be $8,288.

If you are receiving annuity income, this would be reported in the retirement income section.  You should have received a 1099-R for this income.    You can do this by selecting the following: Federal Income I'll Choose what I work on Retirement Plans and Social Security Start next to IRA, 401 (k), Pension Plan Withdrawals (1099-R) 

Is my issue that since I put my deduction date at 4/1/2026, I have to wait until then until I file an amended return? Meaning if I'd had immediately paid my owed to IRS amount, I'd be able to e-FIle the 1040X on March 4th?

Thanks MinhT1 For my clarification, is the NET amount converted to a ROTH IRA you mentioned 1) the net amount of ROTH conversion after taxes are withheld that end up in the ROTH account, or, is it 2) the net amount of my total Traditional IRA withdrawals that was withdrawn for ROTH IRA purposes?  Thank you.

If you cash out the whole-life policy after it's been transferred to you, you are generally taxed on the amount received above the total premiums paid.    If the transfer is a gift (not a transfer for value), the basis typically carries over from the prior owner. That taxable portion is treated as ordinary income, and the insurance company will issue a Form 1099-R showing the gross and taxable amounts.     For more information, see IRS Publication 525, and the IRS Interactive Tax Assistant  

"HSA says my total contributions for 2025 is $8,288."   What happened is that you received a distribution of $328 as a return of the excess contribution and you deposited that $328 back into the HSA as a personal (not through your employer) 2025 contribution.  That combined with the $7,960 contributed via your employer in 2025 makes your total contributions for 2025 be $8,288.

You may have a Form 1098 reporting mortgage interest in your program in error. You can try to delete it and that may resolve your issue as follows:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the Delete a form option under Other Helpful links  5. Find the Form 1098 in the list and delete it