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No. Income reported on a 2025 Form 1099-NEC generally must be reported on your 2025 tax return, regardless of when related expenses or deductions occur. Tax rules require income and related deductions to be reported in the tax year they are earned or incurred. You usually can't carry over income from 2025 to 2026 just because expenses happen later. The income is taxable in 2025, while deductions for expenses paid in 2026 are reported on your 2026 return. This separation means you report 2025 income on your 2025 tax return and claim expenses when paid in 2026 on your 2026 return. This follows standard tax accounting principles for income and expenses across tax years.  

I found one posting suggesting a work-around in TT to manually add books, computer & room and board to the student worksheet (from manisman1995 - see link below)   https://ttlc.intuit.com/community/retirement/discussion/how-to-enter-room-board-expenses-in-1098-t-1099-q-sections/00/3745114#:~:text=Level%203-,How%20to%20enter%20Room%20&%20Board%20expenses%20in%201098%2DT%20/,Level%203    When I tried to do this, I still have some issues.  This is what I did.   1) I entered my 1099Q for 2.3K (from 529 distribution) into the wages/income misc section where the next screen allows you to enter 1099Q.   2) I switched to Deduction section entered more info about my son as the student (but put NO on the question - did he receive 1098T).  This screen allowed me to enter books, computer & room and board expenses.  But I still have to pay some tax for the 2.3K amount.   3)  I switched to view the "forms" and reviewed the student worksheet under my son's name to see how the numbers were created.  If I manually put the entire 2.3K on computer expenses, then I will pay NO tax.  But if I have some amount on Room&board and Books, I have to pay some tax on.  Am I doing something wrong?  or this is one of the TT software bug that has not been fixed yet?  I thought my entire 2.3K should be tax-free if they are qualified education expenses.   Please help with my questions above.  thank you   HHP

For home purchases in 2025, there is currently no federal "First-Time Homebuyer Tax Credit," as there has been in the past.    However, you could possibly be eligible for Mortgage Interest Credit if you obtain a Mortgage Credit Certificate (MCC) from your state or local government, which allows a direct credit for a portion of your annual interest paid for moderate income homebuyers. Additionally, 2025 is the final year to claim the Residential Clean Energy Credit (30% for solar, wind, or battery storage) and the Energy Efficient Home Improvement Credit (up to $3,200 annually for upgrades like heat pumps, insulation, and windows).   While not a credit, many homeowners itemize their deductions on Schedule A rather than taking the standard deduction, which is $15,750 for singles and $31,500 for married couples. The primary benefit is the mortgage interest deduction, which allows you to subtract the interest paid on up to $750,000 of mortgage debt from your taxable income. Additionally, the state and local tax (SALT) deduction cap was recently increased to $40,000, meaning you can now deduct up to $40,000 of your SALT, which includes property taxes.   You can navigate to See this helpful article to find all the ways you can save money on taxes this year Tax Breaks and Home Ownership

If you had health insurance through the Health Insurance Marketplace, you will receive Form 1095-A, Health Insurance Marketplace Statement by mid-February. This form contains all the information needed for your tax filing, including premiums and any advance Premium Tax Credit payments.    You can obtain this form by logging into your Marketplace account where you purchased your insurance. If you purchased insurance through the federal Marketplace, use healthcare.gov to access and download your Form 1095-A.

This issue is usually caused by hidden spaces or remaining data. To fix this, you should delete the number completely and then enter again all the digits manually.  Don't copy and paste. Make sure there are no extra spaces or special characters.   Also, you may clear your browser’s cache and cookies from your computer to clear out any remaining data. Follow the instructions below: How do I delete cookies  How to clear your cache  If the error persists, you may need to print your return to mail.  

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)   TurboTax Online: Open your return -Go to the menu panel on the left side of your return and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center.   On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information. TurboTax Desktop: If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps: Click on Online in the top left menu of TurboTax Desktop for Windows Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number. Enter your email used for TurboTax > Enter your code > Send Write down or send an image of your token number and state then place in this issue. We can then review your exact scenario for a solution. Please also tell us any states included in the return. This is necessary for us to view the return. *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')   We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

No. Income reported on a 2025 Form 1099-NEC generally must be reported on your 2025 tax return, regardless of when related expenses or deductions occur. Tax rules require income and related deductions to be reported in the tax year they are earned or incurred. You usually can't carry over income from 2025 to 2026 just because expenses happen later. The income is taxable in 2025, while deductions for expenses paid in 2026 are reported on your 2026 return. This separation means you report 2025 income on your 2025 tax return and claim expenses when paid in 2026 on your 2026 return. This follows standard tax accounting principles for income and expenses across tax years.

If you are all in the same policy,  after you enter your form, there is a question in TurboTax that asks if you shared the policy with someone else.  Answer yes, and then enter the information for one of your adult children.  Then you will need to allocate the amounts between all three of you.  They will also need to do this on their return.     Where do I enter my 1095-A?   @rleaf             

You’re right about the math. If your basis is zero, then zero divided by any number is still zero. There’s no underlying tax issue here.   However, the software and the IRS require that year-end balance because of the Pro-Rata Rule and how Form 8606 is designed. This helps prevent picking and choosing which funds to report. It’s not just about this year’s numbers.   The IRS treats all your traditional, SEP, and SIMPLE IRAs as one big account. When you convert to a Roth, you can’t choose to move only the after-tax money. Instead, the IRS requires you to convert a mix of both pre-tax and after-tax funds, based on their share in your total IRA balance. To prove that slice is 100% taxable, the IRS requires a "snapshot" of your retirement portfolio as of December 31st.   Verification of the Ratio: Even if your basis is "0" the IRS uses Line 6 of Form 8606 (where that year-end value goes) to establish the denominator for the fraction. Without that number, the form is technically incomplete.  The "Paper Trail" Requirement: Even if the calculation results in 0, the IRS wants to see the inputs. If they ever audited you and saw a conversion but no reported total value for your other IRAs, they wouldn't know if you were‌ tax-exempt or if you just forgot to calculate the ratio. If the software is generating a Form 8606 and that line is blank, it could be because it used it to confirm the "Pro-Rata" math was indeed zero, but since the result was "100% taxable," it just moved the final number to your 1040.   The tax expert is likely being cautious because IRS Instructions for Form 8606 say you have to include the December 31st value if you took a distribution or did a conversion and have any basis. If your basis is truly zero, this question acts as a quick check by the software to make sure you’re not missing anything that could affect your taxes.     @jhbrown42   

Can you provide more information and clarify you question?  Did you e-file your Federal and Oregon returns with TurboTax?  Did you add your CA return to that your federal/Oregon return?  What is the exact error message you get and when?

In TurboTax Online, you can enter multiple 1099 forms from the same investment company like Vanguard by adding each form separately. Here's how: 1. Go to the Wages & Income section and select Yes when asked if you received investment income. 2. On the screen for adding 1099-DIV or 1099-INT, select Add investments or Add another 1099 form. 3. Instead of adding a new company, choose to enter each 1099 form one at a time for Vanguard. 4. Do not combine amounts from multiple 1099 forms from the same payer; enter each form separately. This allows TurboTax to process each form individually for accurate reporting.

Yes, you can list 0.0001 in the field for the number sold. Keep all of your records should you need them later. The digital asset section will go through many changes due to the required filing of Form 1099-DA that actually begins in 2026.

  If you're trying to check the status of your refund:    TurboTax uses information provided by the IRS.  Once the tax return is released to the IRS, TurboTax has no control over it.  Things that can delay a refund: If you want to know the status of your tax return,  you should use the  IRS Where's My Refund website.  You'll need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your return