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The Form 1099-R section was updated last night. 01/21/2026, for the online editions.  If you are not seeing this on your account, clear cache and cookies on your web browser.   The Form 1099-R section was updated this morning, 01/22/2026, for the desktop editions.  Click on Online at the top of the desktop program screen.  Click on Check for Updates.   To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

On form 8959 Line 24 does show Additional Medicare tax of $1. I've traced the source of the error and it seems as though there was a rounding error on Line 19. I believe the values of box 6 in my W2s are being rounded up before being added together on Line 19. Is there any way to rectify this?

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Please Note - TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules

Could you give us a screenshot of the TurboTax screen that says "they don't need your 1095-A information"?    If you can't do a screenshot, can you give us the following: 1. Are you using the Online, desktop (Win), or desktop (Mac) versions of TurboTax (or even the mobile app)? 2. What is the title of the screen wherein this statement about not needing the 1095-A appears? 3. What exactly did the screen say to imply that you did not need to enter the 1095-A information?  

To report a cryptocurrency payout from a bankrupt exchange in TurboTax, treat the final payout or total loss as a capital asset sale.    In the Wages & Income Section under Investments, use the interview and choose Digital Assets.  If you didn't receive a 1099-DA, indicate that and then enter the info on your Cost and Proceeds on the next screen.   TurboTax creates a Capital Asset Sales Worksheet and transfers the info to Form 8949, Part II.    Here's more info on Crypto Platform Bankruptcy.   @tlxreed         

The SLCSP premium is incorrect if:   Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan You had changes in your household that you didn’t tell the Marketplace about — like having a baby, moving, getting married or divorced, or losing a dependent   If either applies to you, you’ll use the government's tax tool to get the premium for your second lowest cost Silver plan and fill that cost in column B of form 1095-A. Failure to do this will result in a wrong calculation of the premium tax credit.

I entered data for one 1099R and now it will not let me review that data or add another 1099R source.  There are some MAJOR glitches in TT this year.  I am willing to assign some responsibility to all the confusion over massive and late tax changes.  But for the program to simply not work is a development and QA issue!!!!  Being on hold for 30+ minutes just to talk to someone about this doesn't make me feel any better about a $100+ investment.

It's ready NOW.  There was an  update yesterday for the Online version and an update this morning for the Desktop program.  I entered my 1099R sucessfully today.  If you have the Desktop program do an update, go up to Online - Check for Updates.  If you are using the online version you may have to log out then back in.  

Did you get charged for Premium Services? Are you in California? If you want to have the fees deducted from your federal refund there is an EXTRA 45 (might be more) Pay with Refund service charge in California which includes Audit Defense (and I think Max) or you can avoid the fee by paying upfront with a credit card.   How to review your fees https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-review-my-fees-in-turbotax-online/00/26353 What is Premium Services? https://ttlc.intuit.com/community/choosing-a-product/help/what-is-the-premium-services-bundle/00/25541  

one more question, i understand that form 3520 is still paper form and has to be mailed. from past year posts, some said that when marking 8949 referencing 3520 was also filled out, i will not be able to proceed with Federal TT e-file - is that still correct?

Social Security is still being taxed as it was in the past; however, there's a new $6,000 deduction for individuals older than 65 years old.  Also, a $12,000 deduction would apply to couples who qualify.     This deduction is for qualified individuals. Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with Deductions phasing out above those levels. Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income.  Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers). The full taxable amount is included in your gross income on Form 1040; however, the Senior Deduction is reflected on line 13b.   It is reflected on Schedule 1A, Part V, Line 37   For more information, see Deductions for Seniors.  

What type of income?   The Form 1099-R section was updated last night. 01/21/2026, for the online editions.  If you are not seeing this on your account, clear cache and cookies on your web browser.   The Form 1099-R section was updated this morning, 01/22/2026, for the desktop editions.  Click on Online at the top of the desktop program screen.  Click on Check for Updates.   To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button