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It depends. It’s usually because a box was accidentally checked, indicating you stopped using the vehicle for business in 2025. Here is how to check for that.   Go to Wages & Income > Self-Employment Income and Expenses. Select Edit next to your business name. Scroll down to the Vehicle section and select Edit next to your car. Look for a screen titled "Tell us about your [Vehicle Name]" or "Vehicle Summary." Look for a checkbox that says "I stopped using this vehicle for business in 2025." If it is checked, uncheck it. If the date field below it has a date (like 12/31/2025), delete the date entirely before unchecking the box.        

sknaf - Thanks for the info. I gather that you use a downloadable desktop version of TurboTax, whereas I am using a browser based online version, and that's where you got that update detail. Interesting that it was updated for you almost 24 hours before Intuit's Mountain View, CA, people finally got it working. They must not have gotten the message that it was supposed to work the day before. But it is good to know that those guys out in Silicon Valley do really, genuinely care about us little people out in the heartland - eventually. Regards, 😉 Mike O'Brien 

It depends. TurboTax uses its “Best Tax Result” logic to review your Qualified Business Income (QBI) and Energy Credits. That’s why the software may be setting aside your higher itemized deductions—it’s looking for the option that saves you more.   The QBI deduction (Section 199A) for rental activity is typically 20% of your qualified business income. But there’s an important limit: your QBI deduction can’t be more than 20% of your total taxable income (before the QBI deduction).   If you itemize ($32,000): Your taxable income goes down. If it drops too much, your QBI deduction also gets smaller. If you take the standard deduction ($31,500): Your taxable income is a little higher, which may let you claim a bigger QBI deduction. TurboTax checks both options. If the extra QBI deduction from taking the standard deduction is worth more than the $500 difference in your itemized deductions, the software will pick the standard deduction since it leads to a lower tax bill.

no one here can provide status on your refund.  paying with refund costs an extra $40 fee and sends your refund through a third party bank for processing so it may be in process there, you can try checking on SBTPG website   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/provides-pay-refund/L5AS1LUIV_US_en_US

The update was supposed to happen last night.  Did you update your program?  You can do this by selecting Online>>Check for Updates or closing the program (be sure to save your file) and then reopen it. 

Since your bond was called partway through the year, the amortization of the acquisition premium (the amount you paid above the bond’s original price) ended up much higher than the accrued OID interest for that short time.   TurboTax doesn’t allow “negative interest” on a single form, which is why it asks you to cap Box 6 and move the “loss” to Schedule A. But because you’re using the Standard Deduction, moving it there won’t help—it won’t resolve the error or let you claim the loss.   IRS Publication 1212 says you only need to report the total amount of tax-exempt OID (box 11 minus box 6, but not less than zero).   Open the 1099-OID Entry: Go to the 1099-OID interview section (or switch to Forms Mode and find the 1099-OID Worksheet). Zero Out Box 6: Remove the $479.18 from Box 6. Zero Out Box 11: Remove the $24.51 from Box 11. Since your acquisition premium ($479.18) is higher than your OID income ($24.51), your taxable OID for the year is $0.   The remaining $454.67 is a loss in basis. Because the bond was called, this counts as a sale or redemption. This premium should be included in your cost basis on your 1099-B (Form 8949), not as an interest adjustment.

Hi Roger, Thank you for the information. I did follow your steps and I was able to make it to the Transmit Your Returns screen. However, when I click on the Transmit Returns Now button, it returns to the We Need to Make One More Check screen. I click on the Continue button and the Check This Entry screen appears with this information: "Information Worksheet: Spouse Yonkers Income Checkbox: should be selected since you have Yonker's income and have indicated you are a resident of Yonkers" This is strange since in the Residency Status section for my Spouse, I have checked the box "Nonresident" for New York City and Yonkers.   Please help since I am unable to transmit my returns. Thank you. Frank  

so many issues with Schwab this year - as long as you've set the browser permissions which has been a general issue on the Turbotax side - there was a comment here that Schwab is still having issues their side so maybe check with Schwab directly if you're affected, and/or try again today or at the weekend.  I keep seeing messages in Schwab about data availability for tax download but they're not being very clear - originally the message was dated 2/25 but now it's dated today.   https://ttlc.intuit.com/community/taxes/discussion/re-why-can-t-i-import-my-charles-schwab-1099-into-2025-turbo-tax-premier/01/3804625#M1415169   so many issues with Schwab this year, if this doesn't resolve you may just want to input manually and move on.  Most 1099s are easily input esp R/INT/DIV.  For 1099B you can input at summary level unless you have cost basis adjustments (wash sales, AMD, non-covered lots) those are best input at detailed level or you can send in the details using Form 8453 (TT Online also allows upload of PDF to satisfy this filing requirement).

 The amended forms are not quite ready yet, but you can use this tool to see when they become available.  If you left off any forms, be sure that your return is fully process before submitting an amended form as the IRS may catch the omission and send you a letter of correction.    A few notes amount amending You will have to use the same TurboTax account that you used for the original tax return.   The refund calculator will start new at $0.  The new number you see will be the number you now owe or the extra you will get back.  This number takes into consideration the amount of your refund or payment in the original return.  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download   

The date has been moved back.  The Form 1040X Amended Return is now supposed to become available March 4.   But since the update usually occurs overnight Wednesday into the wee hours of Thursday AM, it may actually be March 5.   Rarely, a form can be released earlier than shown in the table.    No one can know for sure--only an expected date.  It's been moved back a couple of times already.   TurboTax Form Availability Tool   In the meantime, do not make any changes in your original return.   Also, if you are due a Federal refund, it's recommended to wait on the refund to arrive before amending.  Or if you owed taxes due, to wait until the return processes.