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Putting just one in at a time will not give you the right results. You need both entered at the same time. With the W-2 only entered, you get back $500, but that is wiped out by the additional income and self-employment taxes (about 15% of net S-E income)  from the 1099. There is no withholding on the 1099 to cover the additional taxes it generates. Your results are as expected. 

Helpful TurboTax Articles: What if I can't import my 1099? How can I fix my 1099 import issue? How do I import my 1099s? How do I enter a large number of stock transactions in TurboTax? If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.   To fix this you need to allow TurboTax to securely retrieve your data through your browser settings: Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL. Find Local Network Access in the dropdown menu. Toggle the switch to ON. Refresh the page and attempt your import again. What do I do when my data isn't imported into TurboTax Desktop even though it says successful import in my browser? If permissions aren't the issue, one of the following factors may be at play: Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements. Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back. Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser.

There is no K1 in the Forms list.     In the General Information section of TurboTax Business, I have entered the Grantor information, but TurboTax is not saving the Grantor SSN or the Ownership Percentage.  I have entered these numbers manually in the Forms view, and saved the changes, but TurboTax is erasing these fields from the form.     At this point, I am stuck.  The system is providing me no way to save this information.

The response that you provided is a work around, suggesting to delete the entry and enter it manually. The basic problem is the import is not working properly. The message after importing the 1099s stated it was downloaded correctly and when viewing import summary, it shows $'s values entered for the multiple 1099's. Then, when clicking on Interest Income, it shows that the specific institution that was downloaded has zero $0's and asking for a value. I view this  is a basic problem with the software -  Imports not working properly with a direct conflict in information. Please explain the source of this problem and how to proceed with using the imports working properly. 

To file a new prior-year return for tax year 2024, 2023, or 2022, you'll need to purchase and download that year's TurboTax software for PC or Mac, as TurboTax Online and the mobile app are only available for the current tax year. See additional information in the link below. How do I file a 2024, 2023 or 2022 tax return? TurboTax Online can be used to file your 2025 tax return. If the prior years do not affect  your 2025 tax return you can file that now. If you think you may owe money it's important to file soon. Keep in mind that a tax return that is never filed is never closed.

I get the message that efile of the 2025 1040X is unavailable because I didn't efile the original.  But I did and it shows up in the filing status page.  I really don't want to print and mail 40 pages!  I owe an additional amount...not much.

Linda   Done.  I hope you received the returned email, because I am not posting personal data on this community page.   This OK capital gains software section is a mess.  It was unnecessarily cumbersome in the past, now it is flat wrong.  The software identifies all the sales as OK sales.  None of my stock securities are OK companies.  The software insists on making them all OK companies.  In addition, international companies do not have Federal ID numbers.  I hope you can fix this or provide me with a work around. Here are screen shots of the prompts that force me into declaring these as Oklahoma stocks.     Thanks Richard    

Since the proceeds involve such small amounts, it's very unlikely that you will be haunted by this in the future.  When you go back to review the entries, for the date acquired field, you could select the button "Something other than a date" and then select "Various (or more than one date)" from the dropdown.  You can also enter a 0 for the Cost or other basis.  On a later screen called "We noticed you entered zero for your cost basis . . . Let us know if you'd like to make any changes", if you know your cost basis you can select that option and a box will appear to enter your actual cost basis.  Otherwise, select the other option and Continue.   Another possible option:  since you are missing dates of acquisition, and do have several sales, one option would be to report a sales section total which won't require inputting any date information - the only downfall to this option is that you will need to mail a copy of the 1099-B with a Form 8453 that will get printed.   If you want to try this option, go ahead and delete the entries you made for your original 1099-B entries for this by clicking the trash can to the right of each line item.  Once you do that:   Click +Add investment on the page "Let's finish pulling your investment income" Click Skip Import on the next page Click on the Stocks, Bonds, Mutual Funds tile, then click Continue Enter the name of the Brokerage on the 1099-B, then add optional information if you want to - click Continue Answer the questions on the next page, answering that you have more than 3 sales as Yes Use Sales section totals, then click Continue - then Continue on the next page Sales section is Short-term basis not reported Enter the proceeds in the first box of the sales section totals and put 0 in for basis in the 2nd box.

Action required means the IRS is manually reviewing your tax return. There could be An identity issue. A calculation error. A mistake in reported income. The IRS doesn't notify TurboTax about these situations. You can check the IRS Where's My Refund website. There may be a code identifying the issue You may also get an IRS letter requesting additional information.