All Posts
February 24, 2026
7:54 AM
If you received Form 1099-QA because you had a distribution and used all of it to care for a disabled individual, none of the distribution is taxable and you don't have to report it. Just keep the 10...
See more...
If you received Form 1099-QA because you had a distribution and used all of it to care for a disabled individual, none of the distribution is taxable and you don't have to report it. Just keep the 1099-QA with your records. If any of the distribution was used for anything other than the care of a disabled individual, that amount is taxable.
If you need to report part of your distribution:
Enter 1099qa (no hypen) in the Search box at the top of the page
Select Jump to 1099qa
You will be taken to the screen: ABLE account distributions included in income
Answer the questions related to your distribution.
For more information, refer to the TurboTax article What are ABLE Accounts? Tax Benefits Explained.
February 24, 2026
7:53 AM
Topics:
February 24, 2026
7:53 AM
As per xmasbaby above, you must wait until your return is fully processed and you have received your refund before preparing and e-filing your amended tax return. Once your tax return is fully pr...
See more...
As per xmasbaby above, you must wait until your return is fully processed and you have received your refund before preparing and e-filing your amended tax return. Once your tax return is fully processed, to amend your return using TurboTax Online you will: Log in to your TurboTax account. At your homepage, look for "Your tax returns & documents" and select the correct tax year. The you will select the "Amend (change) return" dropdown and in the dropdown choose "Amend using TurboTax Online". Follow your prompts, and select your reason for amending. Make your corrections, and make your corrections (add your W-2(s)). Make sure to review your return before filing and then follow the prompts to e-file or print and mail Form 1040-X to the IRS. You will be able to track your amended return using this link Where's My Amended Return? on IRS.gov. Click here for additional information regarding filing an amended return. Click here for additional information about e-filing your Form 1040-X. If you have additional information or questions regarding this, please return to Community and we would be glad to help.
February 24, 2026
7:52 AM
Topics:
February 24, 2026
7:52 AM
The broker enter 2 sales on the Long-Term-Noncovered Securities that have date acquired and date sold within 1 month of each other. Do I need to get a corrected 1099-B to put them in Short-Term or c...
See more...
The broker enter 2 sales on the Long-Term-Noncovered Securities that have date acquired and date sold within 1 month of each other. Do I need to get a corrected 1099-B to put them in Short-Term or can I correct it in TurboTax?
February 24, 2026
7:52 AM
A new tool to calculate the fair market value of donated items is expected to be released in February or March 2026.
While listed as "coming soon" in the software, users can currently use ext...
See more...
A new tool to calculate the fair market value of donated items is expected to be released in February or March 2026.
While listed as "coming soon" in the software, users can currently use external donation value guides, the Goodwill Valuation Guide or Salvation Army Thrift Stores
February 24, 2026
7:52 AM
Line 14 of Schedule D would report your long-term capital loss carryover from your previous year federal tax return. If your loss carryforward was short term it would be listed on line 6. That would...
See more...
Line 14 of Schedule D would report your long-term capital loss carryover from your previous year federal tax return. If your loss carryforward was short term it would be listed on line 6. That would be the best place to find the amount. The loss carryover from the previous year would be the net of the short term gains/losses and long term gains/losses less up to $3,000 you can deduct each year. You can see the gains and losses from the previous year on the Schedule D from that year, on lines 7 and 15. Whether or not it will be used on your state return depends on the tax laws in your state, which can vary. Normally, it would automatically be entered on your state return based on your entries on your federal return in TurboTax.
February 24, 2026
7:52 AM
To enter estimated tax payments on TurboTax Online or Mobile, go to Deductions & Credit>Estimated Tax Payments.
Here is a TurboTax article with instructions on how to enter estimated tax paymen...
See more...
To enter estimated tax payments on TurboTax Online or Mobile, go to Deductions & Credit>Estimated Tax Payments.
Here is a TurboTax article with instructions on how to enter estimated tax payments.
February 24, 2026
7:52 AM
Amending a return when identity theft is involved is a bit different than a standard correction. Did you made a mistake on your prior year return or did someone else file a fake return using your Soc...
See more...
Amending a return when identity theft is involved is a bit different than a standard correction. Did you made a mistake on your prior year return or did someone else file a fake return using your Social Security number?
If you tried to file and it was rejected because "a return has already been filed for this SSN," do not file an amendment (Form 1040-X). You cannot "amend" a return that isn't yours.
What to do instead:
File your correct return on paper. Print your complete, accurate return for that year.
Attach Form 14039. This is the Identity Theft Affidavit. Check the box that says you are a victim and that it is affecting your tax account.
Mail them together. Send the paper return and the affidavit to the IRS center for your area. The IRS will manually process your "real" return and throw out the fraudulent one.
I also suggest these steps:
Request an Identity Protection Pin (IP PIN). If you don't have one yet, go to IRS.gov/IPPIN. This 6-digit number changes every year and is the only way to "lock" your tax account from future thieves.
Don't forget to contact your state tax agency and report the identity theft.
If this is not your situation, please let us know so we can provide further guidance.
February 24, 2026
7:51 AM
The Form 1040X is scheduled to be available on February 26. The date is subject to change, so check on 2-26 to see if it is ready. Before that, do not change anything at all on your return.
...
See more...
The Form 1040X is scheduled to be available on February 26. The date is subject to change, so check on 2-26 to see if it is ready. Before that, do not change anything at all on your return.
Your parents do not have to wait for you to amend.
Waiting will not help them at all. They can either print, sign and date their return in ink, and file it by mail.
OR
GET IP pin in order to e-file if your dependent’s SSN was claimed on another return
https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delays-by-accepting-duplicate-dependent-returns-with-an-ip-pin-for-2025-filing-season-taxpayers-encouraged-to-sign-up-soon-for-ip-pin-online-account
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin
If you are the parent whose e-file has been rejected—- follow the steps above to file your own tax return that claims your child.
If it is any comfort, you (and your parents) are among many young tax filers who make this mistake. We will be seeing plenty of posts just like yours. And posts from the parents whose e-files were rejected....
February 24, 2026
7:51 AM
Yes, thank you. That is it. Prior to your response, I found a way to enter the $250 that was contributed to the Roth in 2025. TT only asked me about contributions prior to 2025 ($1750). Since the...
See more...
Yes, thank you. That is it. Prior to your response, I found a way to enter the $250 that was contributed to the Roth in 2025. TT only asked me about contributions prior to 2025 ($1750). Since the 2025 contribution of $250 wasn't there, $86 of the 1836.84 was being taxed as it exceeded the $1750 and appeared to be earnings. Now the problem is that New York State is still taxing the distribution (and apparently assessing a penalty) but they follow the feds so it should not be.
February 24, 2026
7:51 AM
TurboTax will be available to process amended returns for 2025 in late February of 2026.
TurboTax provides a list of Tax form availability for individual Federal and State returns forms that a...
See more...
TurboTax will be available to process amended returns for 2025 in late February of 2026.
TurboTax provides a list of Tax form availability for individual Federal and State returns forms that are being revised.
On the website Select
Select return type [1040 Individual]
Select agency [US - Federal]
Third Box [1040X]
Once available, you can make a change to a tax return that has already been filed and accepted. You should follow these guidelines.
You must first wait until the initial return is completely processed.
You will have to use the same TurboTax account that you used for the original tax return.
Once you begin your amendment, you'll see your original return.
The refund calculator will start at $0 and only reflect the changes in the refund or tax due
Only make changes to the areas of your return that need to be corrected.
You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment
Select your product below and follow the instructions.
Amend TurboTax Online
Amend TurboTax CD/Download
February 24, 2026
7:51 AM
If he is not a full time student in 2025 and is age 19 or older, if his gross income in 2025 is $5,200 or more you cannot claim him as a dependent.
To be a Qualifying Relative -
1. The pers...
See more...
If he is not a full time student in 2025 and is age 19 or older, if his gross income in 2025 is $5,200 or more you cannot claim him as a dependent.
To be a Qualifying Relative -
1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld. 2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 3. The person's gross income for the year must be less than $5,200 (social security does not count) in 2025 4. You must provide more than half of the person's total support for the year. 5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year. 6. The person must not file a joint return with their spouse with the following exception - You can claim a person as a dependent who files a joint return if that person and that person’s spouse file the joint return only to claim a refund of income tax withheld or estimated tax paid.
February 24, 2026
7:51 AM
The website table shows available 2/20 but it still can't be efiled as of today, Anyone hear about this from Turbotax?
February 24, 2026
7:51 AM
I've amended my 2024 tax return once after receiving late K-1 and mailed the amendment. Now I found that I used the wrong year 1099-B. When I tried to file amendment from my Turbotax desktop version....
See more...
I've amended my 2024 tax return once after receiving late K-1 and mailed the amendment. Now I found that I used the wrong year 1099-B. When I tried to file amendment from my Turbotax desktop version. The 1099-B review questions were not shown. The 1040-X form was from the 1st Amendment.
February 24, 2026
7:51 AM
Topics:
February 24, 2026
7:49 AM
Yeah, I'm still over that amount. I checked the box for disabled veteran and then it takes me to income for any additional income I didn't already claim. There is no next box to input the percentage 🤷
February 24, 2026
7:49 AM
Monthly payments. Taxable amt never changes. Why is TT requiring details as to its calculation method for this and previous years?
Topics:
February 24, 2026
7:49 AM
The IRS database thinks that you or a member of your household has, or has had a Marketplace policy.
You should Confirm that you and no one else got a 1095-A
You can use the phone number l...
See more...
The IRS database thinks that you or a member of your household has, or has had a Marketplace policy.
You should Confirm that you and no one else got a 1095-A
You can use the phone number listed by state at
The Health Insurance Marketplace.
If you're sure you don't have a 1095-A you can use these steps to clear it.
Select Tax Tools
On the drop-down select Tools
There will be 2 green boxes
Select Topics Search
Type 1095-A
The question will come up Did you receive Form 1095-A for your health insurance plan?
Answer Yes
Continue to the form
Delete it using the trash can
-------------------
Repeat the process
When you get to Did you receive Form 1095-A for your health insurance plan?
Answer No
February 24, 2026
7:49 AM
I then converted my Ethereum to Bitcoin in 2024. IRS Q64 here states: If you exchange digital assets for other property, including for other digital assets differing materially in kind or ext...
See more...
I then converted my Ethereum to Bitcoin in 2024. IRS Q64 here states: If you exchange digital assets for other property, including for other digital assets differing materially in kind or extent or debt instruments issued as a part of the transaction, you will recognize a capital gain or loss. For more information on calculating gain or loss from disposing of digital assets for other property, including other digital assets, see FAQs 65 through 67. The purchases of Bitcoin and Ethereum in 2021 are not taxable events. However, the purchases will establish the cost basis for each of the investments. IRS Q56 here states: If you purchase digital assets using cash in a transaction your basis in the digital assets received includes the amount you paid in cash for the digital assets plus the amount you paid for transaction services to effect the purchase, the latter of which are digital asset transaction costs. For more information on which types of costs qualify as digital asset transaction costs, see FAQ 53. The 2024 transaction would be reported on your 2024 Federal income tax return. The entry would be reported on an amended income tax return. If you used TurboTax Online, log in to your account that contains your 2024 income tax return and select Amend a return that was filed and accepted. See this TurboTax Help. The transaction would be reported under Investments and Savings and Stocks, Cryptocurrency, Mutual Funds, Bonds, Other as a manually entered IRS form 1099-B. Please post if you have further questions.