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Thank-you for this response.....very helpful.  TT did flag the excess and prompted me to return the excess contribution before filing date, which I have requested via Fidelity.   When creating the 1099-R (for year 2026) to correct for the excess contribution, there is a box (under less common situations) which asks for 'payment date'......do I enter the date in which my brokerage house made the distribution to me of the contribution + earnings, or do I just leave this blank?   Thank-you.        

Thanks for clarifying.  I share in your and everyone's frustration as I have the web version and was hoping it would be fixed by today.    I'm not sure what TurboTax didn't just use the prompts like last year.  

The IRS may have reduced the amount because you owe back taxes or there is a garnishment issue for child support or something similar. If so, you will get a notice in the mail within a week or two from the IRS explaining the difference. 

This screen shot is NOTa fix. This has been there the whole time. This screen shot is in regards if the school provided scholarships dollars that were dedicated to room and board. My son has such a scholarship and is included in the 1098T reporting. 

When your 1099-R says that the "taxable amount not determined" that is your financial institution passing the job onto you.  You now have to determine what portion - if any - of the distribution is taxable.  The zero says that none of it is.  

It depends. It should have been included in wages subject to FICA taxes. When an employer gives you a reward (cash, points, or a gift card), they are legally supposed to   Add the amount to your W-2. Withhold your share of FICA (7.65%). Pay their share of FICA (7.65%). Instead, they avoided paying their share of FICA by issuing the 1099 MISC.    In the 1099 MISC interview, you can avoid paying FICA taxes by answering two questions.    When asked "Does one of these uncommon situations apply?", look for an option that says "This was a prize or award from a payer who was not my employer" or simply "None of these apply. Note: Even though it is from your employer, choosing the "prize/award" path prevents the self-employment trigger. Did you have an intent to earn money? This would be hard to answer no since this was a work-related event. My recommendation is to treat this like a work-related event and pay the SE/FICA taxes to avoid any scrutiny from the IRS. Answering those two questions above untruthfully is not the best practice in this case.