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Thanks for replying.  This sale has no depreciation.  It is the sale of a business.  This is how it is showing up on my TurboTax form 6252 Line 5 - Selling price - total value , Say $100,000 Line 16- Gross profit   $90,000 Line 18 - Contract price - The same a sell price in this case  $100,000 Line 19 profit %  Turbotax says 1.0  even though it is really .90 Line A1  Install made  $15,000 A2  Interest  $5,000 Line 21  $15,000 Line 22    $105,000   ( it is adding gross profit and installment payment) Line 24  $105,000     This problem is corrected if I answer differently in the TurboTax step by step questions.  If I input  the sale date of 12.31.2024 instead of 1.1.25  it gives my an installment payment of $15,000.   Help!  What am I doing wrong?    I really appreciate your help!            

How did you claim the VA PTET credit and did you have to pay an underpayment penalty?  Turbotax is incorrectly hitting me with an underpayment penalty (automatically filling out Form 760C) because it's assuming I didn't make quarterly payments (despite applying the PTET credit to my VA tax bill).

You will report as the sale of the investment the same way you would report the sale of a stock reported on a Form 1099-B.    While working in your return:   In the income section, Select Investments and Savings.... On the page "Did you have investment income in 2025?"  Answer Yes On the page "Let's Import your tax info" click on "Enter a different way" Select "Stocks, Bonds, Mutual Funds" on the OK let's start with one investment type When asked "Which bank or brokerage is on our 1099-B?" Give a description of the investment for the bank or brokerage, leave the other fields blank. Click Continue Answer the next three questions Answer Yes to "Did you buy every investment listed...." Select "One by One" Continue past the "1099-B" On the page "Now, enter one sale..." for Sales section, select either "Short-term did not receive 1099-B form" or "Long-term did not receive 1099-B form" Select the type of investment & give a brief description Enter the date acquired and the date you sold or otherwise disposed of the asset Enter your proceeds and your your cost basis (what you paid for the asset) On the next page, click Continue, and your done

Thank you for the response. I had a doubt: what should I do with the extra money that I received by filling out the form as a resident? And, is there no amendment required? Is directly filling new forms from Sprintax safe?

The Virginia (VA) Form 760C is supported in all TurboTax products, however the VA return must be mailed if this form is part of the tax file. Watch for this option and selection when you are working on your VA state return. 2025 VA Form 760C 2025 VA Form 760C Instructions You can always print your return before you file so that you can review them. You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready. Can I print a copy of my return in TurboTax Online before filing? If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. This means waiting until the payment submitted with the tax return has been processed, or your refund has been received.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start new at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment   

I RECEIVED A LETTER FROM THE IRS/STATE     TurboTax does not receive any information from the IRS or your state after your return was filed, so no one at TurboTax knows about a letter you received from the IRS or the state.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-audit/turbotax-audit-support/L6AcMoNFD_US_en_US?uid=m5z7by9u     https://intuit.taxaudit.com/audit-defense/help/contact     https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/got-cp2000-notice-irs/L7Da6em2t_US_en_US?uid=m4of6ngd

It comes to me as a 1099-B Undetermined Term Transactions for Noncovered Tax Lots,  and shows as Proceeds Reported by Month, with additional information showing a Principal Payment Cost Basis Factor which changes by month.  How I've handled it in the past was just showing the Cost Basis of $0 for each monthly transaction.  I end up over paying my taxes, but it's better that than having an error that costs me more in time and fines.

You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.    Sometimes—not always— the IRS corrects your mistakes, while they are processing your return.    If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed

Hi @SteamTrain  and @baldietax ,   I am using TurboTax Desktop for Windows.  I thought it would have shown up in the post. I had to repeatedly enter the platform every time I edited the post, so it might have reset on the last update.    Wow, that is a weird bug.  So basically instead of resetting that last option to Multiple states or a specific state when flipping back and forth, the Multiple states option does not get updated.    Thank you for the picture and explanations as it helps understand what was not changing with this bug.  I will try it out and report back. 

It is possible your return will be rejected.  If so, you will be able to correct the issue date and resubmit.  If your return is accepted with the error, you won't need to do anything.  Driver's license information is just used for security verification.  

Yes, you can enter the investment sale as follows:   You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose  Other as the type of investment sold. On the screen that says Now enter one sale for (name of broker), enter the investment sale information requested. Choose Stock (non-employee) for the type of investment. Leave the proceeds box empty and enter the cost of the security in the box 1(e) entry.  

Yes. In the Minnesota part-year return, TurboTax will give you a screen where you allocate income to Minnesota manually.   When you reach the income allocation screen, you’ll see your federal income in one column and a blank MN column, enter only the amount earned while you lived or worked in Minnesota.         [Edited 3/16/26 | 3:35 pm PST] 

In TurboTax Online, you can 'drag and drop' or attach a PDF of a 1099-B.  In TurboTax Desktop, you can use the Summary Method to report stock transactions.  If you give more details about what you want to attach or include, we'll try to help.    @BillBrewer