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After approving third party access in your Schawb account online, try logging out of TurboTax, clearing your cache, and logging back into the software before proceeding. Further 1099 import guidance: Make sure you're selecting the correct partner in TurboTax. Some have similar-sounding names but are separate entities. Also, some entities may use a different name for investments.   Check your transactions Make sure your transactions don’t go over TurboTax limits: Both TurboTax Online and TurboTax Desktop can support up to 10,000 of any combination of transactions and imports. TurboTax Online can support up to 4,000 non-covered transactions (items such as options or cryptocurrency that aren't reported to the IRS). The import file size is limited to 4MB. If your transaction numbers approach these limits, it could cause the system to lag or time out. If this happens, you may need to clear your return and start over. Then try entering the sales section totals into TurboTax, rather than entering individual sales. If you still encounter issues, you may need to switch to TurboTax Desktop to continue your return.   Troubleshooting If the steps above don't resolve your import errors, consider the following solutions, which have worked for some customers: Sign in to your brokerage account and confirm you have enabled third-party access to your account information. Change your password for your online brokerage account, then sign back in to TurboTax, and start the import process again using your new password. Double-check that you're entering the right credentials on the import screen. Depending on your institution, you could be asked to enter any combination of username and password, fund number, account number, or document ID number. Check with your brokerage to see if you need to be enrolled in online access to import. If you're using TurboTax Desktop, make sure your program is up to date. When signing in to your brokerage account from TurboTax, try entering two extra characters at the end of the password, then delete the extra characters and press enter. If your import issues are specifically related to your Schwab account, these instructions might help. Still having trouble? Bear in mind that even if you have the hard copy of your 1099-B in hand, your institution might not have it ready for import until late February or early March, sometimes even later. We'll display your institution's "ready for import" date in TurboTax.    Finally, if you're still not able to import your 1099, you can always enter it manually. Select Type it in myself and proceed. TurboTax - What if I can't import my 1099?

You can enter the taxes paid as Estimated Taxes: Where do I enter my estimated tax payments?   Yes, if you had a gain on the sale you would have to file a nonresident New York tax return.  You will also be able to claim a credit for the taxes paid to New York if your resident state Maryland taxes the same income.  See Taxes paid to another state - TurboTax Support - Intuit    

Hi,   RE: continuing tax drama above Background I ran thru TT before the 8606 form was finalized.  My wife's entire 2025 IRA contribution was non-deductible which originated this message. When the 8606 was released, there no TT prompt to review or error.  TT was ready to send Which I absentmindedly did.  I'm pretty sure I need to file an amendment. I initiated TT amend but got stumped when it only asked about re-characterizations to Roth but no option for other investments or cash.  Question What should I have done before 'hitting send?' As for TT amend, how do I move forward?    

You can do a 1099-MISC from you to them for their share. You will need to enter the full amount then enter their half on your return as negative income to reduce yours.     To  enter this income:   Go to the rentals screen under Wages & Income One to keep in mind:   Generally, if you receive a Form 1099 for amounts that actually belong to another person, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received) for each of the other owners showing the amounts allocable to each. You must also furnish a Form 1099 to each of the other owners. File the new Form 1099 with Form 1096 with the IRS Submission Processing Center for your area. On each new Form 1099, list yourself as the “payer” and the other owner as the “recipient.” On Form 1096, list yourself as the “Filer.” A spouse is not required to file a nominee return to show amounts owned by the other spouse. The nominee, not the original payer, is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner.  

I was hopeful when I saw another update was available this morning. Alas, same result as before.  I guess my rain dance needs some work *grin*.   Since all my Merrill 1099's are now available, I am officially giving up on waiting for a fix to import just the last ones (DIV, INT, and B), so I created them manually using a summary for the 1099-B in order finish my return. I have used TurboTax every year since 2004, but this may be the last time  Looks like it is time to explore other options.  Every so-called "Expert" response in this thread has completely missed the mark and repeats the same nonsense as if their answer is coming from a bot.  Where is an actual acknowledgement that they made a mistake and are working on fixing it?

DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”

Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

More guidance: Make sure you're selecting the correct partner in TurboTax. Some have similar-sounding names but are separate entities. Also, some entities may use a different name for investments.   Check your transactions Make sure your transactions don’t go over TurboTax limits: Both TurboTax Online and TurboTax Desktop can support up to 10,000 of any combination of transactions and imports. TurboTax Online can support up to 4,000 non-covered transactions (items such as options or cryptocurrency that aren't reported to the IRS). The import file size is limited to 4MB. If your transaction numbers approach these limits, it could cause the system to lag or time out. If this happens, you may need to clear your return and start over. Then try entering the sales section totals into TurboTax, rather than entering individual sales. If you still encounter issues, you may need to switch to TurboTax Desktop to continue your return.   Troubleshooting If the steps above don't resolve your import errors, consider the following solutions, which have worked for some customers: Sign in to your brokerage account and confirm you have enabled third-party access to your account information. Change your password for your online brokerage account, then sign back in to TurboTax, and start the import process again using your new password. Double-check that you're entering the right credentials on the import screen. Depending on your institution, you could be asked to enter any combination of username and password, fund number, account number, or document ID number. Check with your brokerage to see if you need to be enrolled in online access to import. If you're using TurboTax Desktop, make sure your program is up to date. When signing in to your brokerage account from TurboTax, try entering two extra characters at the end of the password, then delete the extra characters and press enter. If your import issues are specifically related to your Schwab account, these instructions might help. Still having trouble? Bear in mind that even if you have the hard copy of your 1099-B in hand, your institution might not have it ready for import until late February or early March, sometimes even later. We'll display your institution's "ready for import" date in TurboTax.    Finally, if you're still not able to import your 1099, you can always enter it manually. Select Type it in myself and proceed. TurboTax - What if I can't import my 1099?

First, be sure that your version of TurboTax is updated by going to Online > Check for Updates at the top of the screen if you are using a desktop version of the program.     After creating a test case to see if the credit is calculated properly on line 29h of Form 5695, I could not replicate the situation you described.  The credit is being calculated for my test case.     If you find that your program is updated to the latest version and you are still having the issue, you can consider sharing a diagnostic copy of your tax file so we can take a closer look and see if there is something else causing the result you are getting.  The diagnostic file will not contain personally identifiable information, only numbers related to your tax forms.     If you would like to provide us with the diagnostic file, follow the instructions below and post the token number along with which version of TurboTax you are using in a follow-up thread.   Use these steps if you are using TurboTax Online:   Sign in to your account and be sure you are in your tax return. Select Tax Tools in the menu to the left. Select Tools. Select Share my file with agent. A pop-up message will appear, select OK to send the sanitized diagnostic copy to us. Post the token number here.    If you are using a CD/downloaded version of TurboTax, use these steps:   Select Online at the top of the screen. Select Send Tax File to Agent. Click OK. Post the token number here.   If you are using a Mac version of TurboTax, use these steps:   Go to the Menu at the top of the screen and select Help. Then, Send Tax File to Agent. Post the token number here.  

The $30K on 1099-Misc is entered under the Wages & Income tab > Other Common Income. Answered No to all work related questions. It is not entered anywhere else, not as scholarship. The amount is taxable as income only on Schedule 1 Line 8z.   So, he enters current 1098-T exactly as received. Enter $17K scholarship used for "R&B". Add a new 1098-T (same school info) with just Box 1 as $4000 and nothing else. This will trigger TT to allocate the amount to AOTC?   I understand that he has to pay kiddie tax. That is just how it is and we accept that.

It's not likely you will receive a tax document. You can enter the $85 promotional credit by using the steps below. Be sure to add this to your cost basis when you have sales or trades or redemptions in the future.   Other Miscellaneous Income: Sign into your TurboTax Online account Go to Tax Home (left panel)  Wages and Income  section Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C Select Other reportable Income > Enter a description (----) and the amount @santamaria415