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You do not have to check off that you are retired anywhere.    When it asks for your "occupation" you can use "Retired" if you want to.   The IRS does not use that information for anything that affects your tax due or refund.      Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.     To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.      

If you use a third-party payment service, such as Square, you should get a 1099-K and you can use that.  Otherwise, at this time, because of IRS regulations, tips can only be claimed if they are first reported on a tax form, such as Form 1099 or W-2.    I suggest you keep the tip log (as you should regardless) and if the IRS changes their reporting requirements, you can file an amended return for the "No Tax on Tips" additional deduction. 

To enter worthless stock as investment sales in TurboTax Premier desktop:   Under FEDERAL TAXES tab,  Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings. Did you have investment income in 2025? YES On the Let's finish pulling in your investment income- click on the Add Investment button On the Let Us Enter Your Bank and Brokerage Tax Documents, click on Skip Import OK, let's start with one investment type- choose Other then Continue Tell us more about this sale  Worthless Stock Continue Now, enter one sale for WORTHLESS STOCK (Proceeds=0 Date sold or disposed= 12/31/2025) Let us know if any of these situations apply to this sale  This was a worthless security  Continue   To enter worthless stock as investment sales in TurboTax Premium online: From the Federal section, under Wages & Income, Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA) under Investments and Savings On the Let’s finish pulling in your investment income page, click on Add investments. On the Save time and connect your financial accounts click on Enter a different way On the How do you want to add your docs? click on Type it in myself On the OK, let's start with one investment type, click on Other and Continue On the Tell us more about this sale, type Worthless Stock On the Now, enter one sale for Worthless Stock, complete the information using 12/31/2025 asDate sold or disposed and zero for Proceeds.  Enter your original investment for Cost or other basis   You may deduct the cost or other basis of stock in the year that it becomes completely worthless.  See Losses (Homes, Stocks, Other Property).

Currently, employers are not required to report overtime separately on your W-2.  Please see these steps from 'How do I enter overtime pay in TurboTax Online' for finding and reporting your deductible overtime premium, by using your final paystub of the year:  Your overtime is listed on your pay stub   Use your year-end pay stub. It’s the last pay stub you receive for the year, and it shows your total earnings and taxes for the entire year. You should get this at the end of December or in early January.   If you didn't work at your job all year, you'll use the last pay stub you had from your employer, in the Wages & Income section of TurboTax:    Go to the W-2 screen under under Wages & Income.   Add or edit your W-2 for the employer where you worked overtime.   After entering your W-2, look for the Let's check for other situations screen.   Check the box next to Overtime.   Continue until you see the Let’s see if your overtime qualifies as tax-free screen. Select Help me calculate my eligible overtime.   Look for the What info do you have about your overtime screen.   Choose No to Did you get a statement or letter from your employer with your eligible overtime?   Choose Yes to Do you have a year-end pay stub that shows your total overtime for 2025?   TurboTax will ask you for your overtime that was paid at time-and-a-half and double time, and will calculate your deduction for you. If, however, you have a more complicated situation that includes getting paid at a rate other than time-and-a-half, such as double-time, then you may need to ask your employer to provide you the premium number, or calculate it on your own.  If you are unable to use your final paystub to find your total overtime for the year, the above knowledge article has alternative instructions for deducting your overtime premium, using your own calculations, or statements from your employer's human resources.  Learn more about your eligibility for this deduction, here.

This is going to go in the sale of business property.  Because you had taken the truck out of service you will only need to enter the business portion of the truck sale.  You can skip the personal portion.

I appreciate the information however if this is non-employee compensation can I just enter it into box 1 since turbotax is not making box 3 available for some reason and hasnt fixed in two year 2020 and 2021. they really need to get there **bleep** together

To make sure if you were charged for health insurance premiums past June, follow these steps:   Review Bank Statements: Check your bank statements for similar charges incurred since June. Marketplace Insurance Verification: If your health insurance was obtained through the Health Insurance Marketplace, go to Healthcare.gov. Download Form 1095-A: Download your Form 1095-A from the website. Check Coverage Dates: Refer to Part 1, lines 10 and 11 to make sure the coverage start and end dates. Review Monthly Premiums: Look at Part 3 to see a breakdown of the monthly premiums.

We see people get confused and they keep logging in to online software which will require them to pay at the end.   You need to use the desktop software.   One way to tell if you are using the right software---your tool bar.   Online software has the toolbar in a black vertical column on the left side of the screen.   Desktop software has the tools up on the top of your TT screen.     You appear to be posting from online software instead of the desktop download software that the license code is for.  If you are using online, you are using the wrong program.  You need to switch to the desktop software to get what you paid for.  You have to download it, update it and open it up from your own hard drive to use it.     https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-the-turbotax-software/00/26129  

@MonikaK1 Let’s be honest. The form has been ready to be accepted by the IRS since Dec, so you all had plenty of time to update whatever it is on the software side of things. My best friend’s husband could have recoded this whole website in the amount of time you all have had on this one form.

No, your taxes should not decrease. Distributions from IRA's that have a basis from non-deductible contributions are partially taxed based on the ratio of their basis to the value of all non-Roth IRA accounts. That is why you had to enter the value of your IRA accounts in TurboTax. So, a portion of your distributions are taxed even though you contributed after-tax dollars to the IRA. That is why your tax went up, because you added taxable income.

Return to My Info down the left side of the screen.     Click the down arrow to the right of your name under Your info.   Check the Filing status to see whether an incorrect filing status has been entered.

Please be sure your TurboTax Desktop is up to date with the latest changes and you can initiate if you are unsure. Manually update TurboTax Desktop for Windows -  When your return is open you can select in the black menu bar Online > Check for Updates Updates for TurboTax Desktop for MAC TurboTax Online updates automatically each time you sign back in.   @bill records

In your tax return viewable PDF copy, search for a form titled Schedule 1-A Additional Deductions. The total on Schedule 1-A Line 37 is your enhanced senior deduction for the year. The sum of these additional deductions (on Line 38) should flow to Line 13b on your federal Form 1040-SR (not the standard deduction).   To see or print a PDF of your tax return, select your product and follow the instructions.   TurboTax Online Open or continue your return. Select Continue or Start on Tax Home to enter your return. Select Tax Tools from the menu. Select Print Center, choose Print, save, or preview this year's return, and follow the instructions. If you haven't yet paid your TurboTax Online fee (or registered, if you're using a free version), you'll need to do so before you can save the PDF. TurboTax Desktop Open or continue your return. Select File. Select Print/Save for Your Records. Choose to either Save As PDF or Preview Print Copy. See also: 2025 IRS Form 1040 instructions, What's New

The agents could not help. I got the message today after I tried for the 15th time, over about a two week period, to correct the error by going through their correction process. I submitted my return using the online Turbo Tax and it was rejected in about 10 minutes due to the error on the 5695 form.