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The two biggest dis-advantages for using the online editions are you cannot directly access any forms, schedules or worksheets and you can only complete/file one tax return per account and User ID.   Other issues are that your tax return remains on the TurboTax servers for 7 years after the tax return has been filed making them susceptible  to hacking. The price point is higher using the online editions since each edition has limitations until the use of the Premium edition which is currently $129 with a state program an additional $59.  Whereas the highest desktop edition is Home & Business which includes one free state program, currently $130.

If your return is rejected because you don't have a 1095-A and you did have Marketplace insurance.  You can get a 1095-A by contacting your state's Marketplace You can use the phone number listed by your state at  The Health Insurance Marketplace. If you don't have Marketplace Insurance and you get rejected, the IRS database thinks that you or a member of your household has, or has had a Marketplace policy.  It'll try to create a 1099-A and you will have to clear it.   If you're sure you don't have a 1095-A you can use these steps to clear it. Select Tax Tools On the drop-down select Tools There will be 2 green boxes Select Topics Search Type 1095-A The question will come up Did you receive Form 1095-A for your health insurance plan? Answer Yes Continue to the form Delete it using the trash can Repeat the process When you get to Did you receive Form 1095-A for your health insurance plan? Answer No

You would file California Nonresident or Part-Year Resident Income Tax Return to report California income.   You would file Maryland Nonresident Income Tax Return to report Maryland income.   You may also file married filing separately on the Federal 1040 income tax return and file Resident income tax returns for California and Maryland.

No, if the excess contributions were made through your employer (i.e., part of the code W amount in box 12 on your W2), then it is added back to income immediately, i.e., on tax year 2025 - the return you are currently working on.   It is only the earnings reported on the 1099-SA that will be taxed on your 2026 return.

How to Report Cash in Lieu of Fractional Shares (Box 9-1099-DIV) The IRS considers cash for a fractional share to be money received as the result of a stock sale. This transaction must be reported on IRS tax form Schedule D Capital Gains and Losses.  The date of the sale (when cash was received) and the date of the original stock purchase is needed to complete the tax form. Tax Basis Example:  Assume a shareholder has an aggregate $100 basis in 50 shares of ABC stock ($2 per share), and the fair market value of one share of ABC stock is $66.65. Following the ABC Merger, the shareholder should have an aggregate $100 basis in 64.1 shares of ABC stock (50 shares x 1.2820, or $1.56 per share), and should be treated as having sold 0.1 shares of ABC stock with a tax basis of $0.156 ($1.56 x 0.1 shares) for $6.67 ($66.65 per share fair market value x 0.1 fractional shares).   Once you have your information you will complete the entry in TurboTax using the following steps. Open (continue) your return if it isn't already open. In TurboTax, search (upper right) > Type 1099B  Press enter > Click the Jump to link  Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2025? If you see Here's the info we have for these investment sales, select Add More Sales. Answer NO to Did you get a 1099-B or brokerage statement for these sales?  or Select Other sales  @leepc 

When you see the "Needs Review" tag on a topic you have completed and reviewed, move to Federal Review in the left column and run Smart Check. This will allow TurboTax to determine what (if anything) needs to be completed or revised and present you with more information and/or a place to enter/revise your entries. You can run this review at any point when working on your return.

To enter your Coinbase wallet investment gain or loss in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Select Investment Income. 3. On the prompt "Did you have investment income in 2025?", choose Yes. 4. Select Add investments. 5. Choose Enter a different way, then select Cryptocurrency, and click Continue. 6. Follow the prompts to upload your Coinbase transaction file or enter transactions manually. This process will help you report your gains or losses from your Coinbase wallet activities properly.

To remove your consent, you may need to clear the return entirely. Choose whether you are using the Online or Desktop version How do I clear and start over? If the issue persists, please refer to help at: TurboTax Customer Service  

This works fine for an individual.  How about the explaination for a married couple.  You can go by W-2s but then there is interest income that can be one of the person accounts and other interest $ can be in shared accounts. 

Desktop software Every version has all forms and schedules Forms mode to see all forms as you work and “what if” feature  Can e-file up to five federal returns and their associated state returns If you have more than five federal returns the additional ones can be mailed Tax file is stored on your own hard drive Always available even after tax season ends State e-file fee is an extra fee.   State can be mailed to avoid e-file fee Desktop is more cost effective for multiple returns for family members, etc. Desktop software is available from Intuit or from various retailers—prices vary Only works on full PC or Mac—not on any mobile devices       Desktop --unless you specifically buy federal  Deluxe only from a retailer-- will include the software for one specific state.   You can prepare as many returns for that state as the number of federal returns you prepare.  E-filing state returns is an extra fee which can be avoided by printing and mailing the states.   Additional--other--state software is an additional fee for the software.     Online TurboTax Forms and schedules supported vary by which version you use No Forms mode, but you can “preview” Form 1040 and Schedules 1, 2, or 3 before filing One return per fee Separate fees for federal and state returns Each return needs its own email, account and user ID Tax file is stored in online account for seven years Can be used on any device with internet access      When you use Desktop TurboTax, which you download to your own hard drive, you can prepare and e-file multiple returns for the cost of the software.  You can e-file up to 5 Federal returns—more if you mail the additional ones.  If you have multiple returns to prepare for family members, Desktop is more cost effective.    

IRS will still issue checks. IRSrequires sadly causing delays for many and is an IRS change but, physical checks are a REQUIRED option for filing still as per IRS regulations. Turbotax may possibly give a clearer warning in near future.  Banks rejecting electronic deposits for SSN mismatch or joint returns is banks doing as  part of Know your Customer. Just requiring ID verify now which you will need for so many things in future.  This is part of combatting fraudulent filings that cost taxpayers.  

Since you used TurboTax Desktop in 2024 and now you are using TurboTax Online, you will have to transfer your information from the previous year's return:   Sign in to TurboTax Online From Tax Home, start a new return, or open or continue a section of a return you already started Select Tax Tools from the menu, and then Tools Select Transfer last year's TurboTax return from your computer If you don’t see this option, you may need to clear and start over Follow the instructions to finish transferring your file You won't be able to transfer a PDF, it must be a tax data file with a file name extension .tax2024 Remove any password protection from the data file before transferring If you already started your 2025 return in TurboTax Online, transferring will clear any info you have already entered How do I transfer last year's return into TurboTax Online?

Yes. Funds that invest in precious metals like gold and silver are treated like collectibles for U.S. tax purposes, which means long-term capital gains from those funds will be taxed at a top rate of 28%, compared with a maximum rate of 20% for stocks. Short term gains will be taxed at the ordinary or marginal tax rate for your situation. IRS Snapshot of Collectibles Change the sale of your Gold Trust ETF by first deleting the sale entered as a security.    Use the link below for your version of TurboTax to delete a form. If you're using TurboTax Online software and need to delete a form, click here. If you're using TurboTax Desktop software and need to delete a form, click here. TurboTax can handle your collectible sale as you will see next.   To record your sale/redemption in TurboTax Desktop or TurboTax Online use the following steps: Open your TurboTax Return > Search ( upper right) > type collectibles > Click the Jump to... link Edit beside your Sale or Add Investments or Add more sales > Continue  Enter the information about your sale on the screen 'Tell us about your 'Investment Firm' 1099-B' Select the correct holding period covered or noncovered > Continue On the 'any of these less common items on your 'Investment Firm' 1099-B?' select on Box 3 checkbox for collectibles >  For TurboTax Online answer 'Yes' to 'Do these sales include any other types of investments?' (shows collectibles) > Under 'What type of investment did you sell? select Collectible Enter any other information for this screen then select Done > Review the next screen and when finished select Continue See the images below for assistance. Note: Brokers are required to show 'noncovered' if they do not have the information about the cost basis or holding period. This happens usually for one of two reasons.   The fund or stock was transferred to them from another broker and they don't have the history; or It was held with them for longer than the IRS began to require this information from the broker. (The owner of the investment was always required to have this information in the past. @user-1253