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David, thanks for clarifying the correct amount for 2026.  Very helpful!   I typically don't write checks but rather do money link transfers into his checking account.  It is challenging for my son to get to a bank to deposit a check and I am also concerned about the mail losing the check.  My son does not leave near us.  Any other recommendations given this scenario?

The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 03/04/2026   Forms and schedules availability website - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...   An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return. Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...

Still no response from Turbo Tax and it was not fixed in in the 2/26 release.  Is anyone else having this issue?    An old asset where I took 50% depreciation has been depreciating correctly up to this year.  Now Turbo tax says there is an error because the special depreciation box is checked.  If I uncheck it, it eliminates the 50% depreciation that was already taken.  I confirmed that the 50% special depreciation was allowable when I took it, and now Turbo tax is not allowing it.  PLEASE HELP! 

It's a TurboTax glitch.  If you check the PDF/printed version, you'll probably noticed that whether or not you clicked the radio button for YES or NO on the Enabling Property, TurboTax does not check YES or NO on your actual return for that selection.  The IRS rejected it from that. 

I e-filed my return a month ago and it got pulled for manual review which I'm quite sure was because of the programming error with the zip code.  We've been trying to get this corrected for the past month. Since TurboTax has failed to correct this issue, and customer service has been of no help, I'm going forward with filing complaints.

I e-filed my return a month ago and it got pulled for manual review which I'm quite sure was because of the programming error with the zip code.  We've been trying to get this corrected for the past month. Since TurboTax has failed to correct this issue, and customer service has been of no help, I'm going forward with filing formal complaints.

Yes, stock appreciation rights (SAR) are considered employee stock. You normally have income reported on your W-2 form equal to the discount you acquired the stock for. When you report the sale of it, you will receive a Form 1099-B on which the cost basis may be wrong or missing, as it should include the income reported on the W-2 form, but often does not.   If that applies to you, you should check the box mentioning your cost basis is wrong or missing on the screen where you enter the stock sale proceeds and cost basis. Then, you can enter the correct cost basis or request help from Intuit to determine the correct cost basis.

The problem is wider than the forms printed for employees. I also did not catch TT's error and printed off forms with the incorrect year for both the SSA and the employees. Our employees have been contacted and corrected forms sent to them. If you sent data to the SSA electronically, you do NOT have an issue. If you sent Copy A's by paper, you very much do.  I spoke with the SSA this morning and they will process them for 2024, the date on the forms. For employees that worked both in 2024 and 2025, their data will be added together and be listed for 2024. For example, if "Sarah" worked both years, earning $40,000 in 2024 and $45,000 in 2025, her income for 2024 will be listed as $85,000 and $0 for 2025. If "Adam" only worked in 2025 and earned $30,000, he will show $30,000 for 2024 and $0 for 2025. The fix is to send to the SSA corrected forms for 2024 and new forms for 2025. The agent said to complete a Form W-2c for 2024 and re-submit Form A for 2025, now with the correct year. While they didn't say this, I think that would include sending forms with $0 for 2024 for employees who only worked in 2025. To complicate this further, on TT Home and Office for 2024, it states that, "If you have already filed this Form W-2 ... with the Social Security Administration, you must request IRS Form W-2c and Form W-3c." The fix is outside of the capabilities of TT 2024 Home and Office. This means that all the data needs to be manually entered (again!). The 1099 I sent also needs to be redone for the government and the recipient. When I contacted TT, they, so far, have taken no responsibility, nor apologized, for the error and the repercussions that it has caused.