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a month ago
I absolutely understand. When you are entering under the summary method, the adjustment codes mimic the workings of the IRS form 8949. When working with the adjustment codes, it always seems like t...
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I absolutely understand. When you are entering under the summary method, the adjustment codes mimic the workings of the IRS form 8949. When working with the adjustment codes, it always seems like they work backwards.
That is why I entered the statement in item 2 as a warning.
2. Enter the correct adjustment (not the cost basis) in the Total adjustments to gain.
You may want to try out the one-by-one method of entering the IRS form 1099-DA to see whether it works more easily for you. That method does not use the same kind of adjustment method as above. You will report the actual cost basis under #9 below.
On the screen Now, choose how to enter your sales, select One by one. Select Continue.
At the screen Next, we'll start entering sales from your 1099-DA, select Continue.
You will now be able to enter the sales information. Report Short-term transaction with basis not reported to the IRS or Long-term transaction with basis not reported to the IRS.
Enter total proceeds, total cost is $0, select The cost basis is incorrect or missing on my 1099-DA.
Select I have other boxes on my 1099-DA to enter.
Enter information in box 1a and box 3a.
At the screen Let us know if any of these situations apply to this sale, you may select I paid sales expenses that aren't included in the sales proceeds reported on the form.
At the screen Let's find your cost basis, select Yes, I found my cost basis.
Enter the cost basis in Cost basis. Click Continue.
Select Add another sale to add another entry.
When finished, select Continue.
There is a benefit of using the one-by-one method to record your 10 transaction that total the $92,744. There is nothing to upload and nothing required to be mailed or sent to the IRS with your income tax return. You just retain all of your records should, at some time down the road, a tax authority questions your computations. Best to you.
@Max3721
a month ago
This section states that We're updating this section for the latest tax laws.
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a month ago
1 Cheer
Instead of indicating that you inherited the property you could indicate that it was gifted to you or that you bought it. You can then use the date of inheritance as the acquisition date. However, ...
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Instead of indicating that you inherited the property you could indicate that it was gifted to you or that you bought it. You can then use the date of inheritance as the acquisition date. However, if you do this and you held the property less than a year it will be treated as short-term. I recommend you stick with inherited, e-file your federal return and print and mail your New Jersey return.
a month ago
I have kids at 2 different colleges, and box 1 has never included room and board. And when I search the IRS website, it says that it shouldn't. Box 1. Payments Received for Qualified Tuition and ...
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I have kids at 2 different colleges, and box 1 has never included room and board. And when I search the IRS website, it says that it shouldn't. Box 1. Payments Received for Qualified Tuition and Related Expenses Enter the total amount of payments received for qualified tuition and related expenses from all sources during the calendar year. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year. The amount reported is not reduced by scholarships and grants reported in box 5. Include in this box the receipt of a payment of past-due qualified tuition or related expenses from a previous calendar year, but only if the educational institution previously billed the student for such amount(s). Qualified tuition and related expenses. Qualified tuition and related expenses are tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution. The following are not qualified tuition and related expenses. Amounts paid for any course or other education involving sports, games, or hobbies, unless the course or other education is part of the student’s degree program or is taken to acquire or improve job skills. Charges and fees for room, board, insurance, medical expenses (including student health fees), transportation, and similar personal, living, or family expenses.
a month ago
Is there another active thread where people are asking this same type of question?
a month ago
The 1095-C clearly states that the company thinks its offering meets the minimum requirements. As was pointed out to me, suitability to my needs does not mean it is not a compliant plan. A compliant ...
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The 1095-C clearly states that the company thinks its offering meets the minimum requirements. As was pointed out to me, suitability to my needs does not mean it is not a compliant plan. A compliant plan is supposed to serve some imagined "average." My needs are not average. It may be the bare minimum to meet the standard, but apparently, it does meet the standard. So, my original question stands. How am I supposed to tell TurboTax that I was eligible for a minimum standard healthcare plan and turned it down in favor of a more appropriate HCA plan? And more importantly, how is that supposed to be recorded in the tax forms if it is not a scenario TurboTax was designed to consider?
a month ago
No. If your parents claim you as a dependent you cannot claim an education credit. Only your parents can claim the credit.
a month ago
Need help
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a month ago
TurboTax, you are missing the point of this question and similar question in other posts. 1) If you input Gambling win as part of a 1099-MISC there is no way to input your losses in the Step-By-...
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TurboTax, you are missing the point of this question and similar question in other posts. 1) If you input Gambling win as part of a 1099-MISC there is no way to input your losses in the Step-By-Step guide for 1099-MISC. 2) If you input Gambling win as part of a 1099-MISC and manually input the losses in Misc Dedns Worksheet, it flags as an error. 3) If you input Gambling win/loss as reported on a 1099-MISC in the W-2G Step-By-Step guide and the 1099-MISC you are double counting. 4) If you input Gambling win/loss as reported on a 1099-MISC in the W-2G Step-By-Step guide and skip the 1099-MISC input THEN WE ARE WORRIED THAT THE IRS WILL FLAG IT AS MISSING. What is the correct and legal and less likely way to get audited to input a 1099-MISC Gambling Win and it's respective losses in TurboTax? We all understand that we have to ITEMIZE our deductions and that we can only deduct losses up to the amount of WINs. That is not the issue or question at hand!
a month ago
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a month ago
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a month ago
1 Cheer
I realize I don't really need a solution to this problem since my foreign taxes are below $300 . I can just skip the foreign tax credit section and I'll get the credit. This problem should still ...
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I realize I don't really need a solution to this problem since my foreign taxes are below $300 . I can just skip the foreign tax credit section and I'll get the credit. This problem should still be fixed by the folks at Intuit, though.
a month ago
Looks like this didn't happen. Any thoughts if this will happen, or should we plan for alternatives?
a month ago
In TT my Colorado return was accepted by the state on 2/5/26. The status on the Colorado Department of Revenue site is still showing the following. Just wondering if it's taking this long for every...
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In TT my Colorado return was accepted by the state on 2/5/26. The status on the Colorado Department of Revenue site is still showing the following. Just wondering if it's taking this long for everyone else for Colorado to show "Return Received & Being Processed"?
a month ago
You should complete Form 8962 if you have a 1095-A form for health insurance coverage in a qualified health plan purchased through a Marketplace. This includes a qualified health plan purchased on He...
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You should complete Form 8962 if you have a 1095-A form for health insurance coverage in a qualified health plan purchased through a Marketplace. This includes a qualified health plan purchased on HealthCare.gov or through a State Marketplace. If you have a 1095-A, enter it into TurboTax and TurboTax will generate the 8962.
Where do I enter my 1095-A?
If you or a member of your family enrolled in health insurance coverage for 2025 through a Marketplace, you should have received Form 1095-A, Health Insurance Marketplace Statement, from the Marketplace. Form 1095-A shows the months of coverage purchased through the Marketplace and any Advance Premium Tax Credits (APTC in column C) paid to your insurance company to help cover your monthly premium. If APTC was paid on your behalf, or if APTC was not paid on your behalf but you wish to take the PTC, you must file Form 8962 and attach it to your tax return. From Form 8962 instructions
a month ago
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a month ago
1 Cheer
The CAPTCHA is definitely coming from signing in with Ameripage. You could try closing TurboTax, clear your Cache and Cookies, and retry. It may help to disable your anti-virus programs/VPN or use ...
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The CAPTCHA is definitely coming from signing in with Ameripage. You could try closing TurboTax, clear your Cache and Cookies, and retry. It may help to disable your anti-virus programs/VPN or use an incognito window when you retry.
Make sure your broker account allows 'third party access'.
@briandsmith
a month ago
To view a "prior" TurboTax account, following the instructions below from the following TurboTax Help Article: How can I view all my TurboTax accounts?
Here's how to view a list of your Intuit...
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To view a "prior" TurboTax account, following the instructions below from the following TurboTax Help Article: How can I view all my TurboTax accounts?
Here's how to view a list of your Intuit accounts:
First, sign out of your account (otherwise, you'll be thrown into a loop in step 2).
Go to our Let's get you signed in page.
Enter your email address, phone number, or user ID.
We'll send a code to either your email address or your phone. Enter the code we've sent you.
We'll show you a list of your accounts. Select the one you want to sign in to.