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@ jjjohn151 wrote: I can't find my ip pin For tax year 2025 IP PINs operate on a calendar year basis.  Since this is a new calendar year, you have to have a new IP PIN to file your current 2025 return.  The new IP PIN is to be used for all tax returns filed during calendar year 2026, which includes the current 2025 tax return that people are filing.     The IP PIN from the IRS can come in 2 ways.   Some people would have received a CP01A letter last month with their new IP PIN for this year.  People who opted-in voluntarily to the IP PIN program normally don't get it in letters but can retrieve their new IP PIN from their online IRS account, where it should be displayed under one of the tabs there.   If you received a letter a few weeks ago with the IP PIN, but now can't find it,  you should also be able to retrieve it online in your IRS account.  See this IRS article for more info:   Retrieve an IP PIN https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin

@ debraduddy3  asked:  "I need to amend my tax return that's been accepted when will I be able to do so"   Technically not until February 18 or 19 when TurboTax opens up amending.  That's the projected date when Form 1040-X will become available.  In Online TurboTax it will update automatically on the 18th or 19th.  In desktop software it may be in the routine weekly update that occurs early Thursday morning on the 19th that week.   But in any case it's recommended to wait to amend your Federal return until the IRS has finished processing it, and you have first received any Federal refund from the original submission.   So in the meantime, do not make any changes in your originally filed return.  When amending, it has to start off exactly like it was when originally filed.

there are differing interpretations as to whether they're 1256 contracts   see this TurboTax expert response https://ttlc.intuit.com/community/taxes/discussion/2025-tax-reporting-for-gld-etf-options/00/3538830      and here'ss a different viewpoint (older than above) The IRS hasn’t clearly stated the tax treatment of sales of options based on ETFs. Writer's position is that options on securities ETFs that are organized as RICs are treated as securities and options on commodities ETFs structured as PTP are Section 1256 contracts. Tax treatment of options on precious metals ETFs is unclear; some tax professionals make a case for Section 1256 treatment as a non-equity option.   That's the issue, the IRS has not clarified whether these options are or are not 1256 contracts. Some brokers report them as 1256 contracts, while others, like yours, do not.     and here's another negative, even older https://www.cxoadvisory.com/equity-options/are-etf-options-section-1256-contracts/      You can ask your broker if it will change the reporting. If not, your options are to accept that reporting or report as 1256 by zeroing out gain/loss on the 8949 (you have to keep it there because of the broker's reporting to the IRS) and enter on 6781. see instructions for Form 8949, probably type T.   if you go the 1256 route, you may want to disclose that you're taking a position contrary to the 1099-B reporting. This might protect you from certain penalties if the IRS were to conclude that they are not 1256 contracts.    

This forum has no access to your return. Perhaps you don't owe the penalty.    There will be no federal penalties for not prepaying enough taxes if withholding and timely estimated tax payments equal or exceed 90% of your 2025 tax or timely estimated tax payments equal or exceed 100% of your 2024 tax (110% if your 2024 adjusted gross income was more than $150K) or the balance due after subtracting taxes withheld from 90% of your 2025 tax is less than $1,000 or your total taxes are less than $1,000     in the form 2210, if you check that the IRS should calculate your penalty, TurboTax will not compute any. 

I posted a picture of what exactly is happening. I just tried to efile it again five times and every single time I keep getting that same error which shows in the picture that I uploaded here. I've tried several browsers, Firefox, Chrome, and Edge. It doesn't make any difference. Any help would be appreciated because I don't want to mail my amended return because the IRS has terminated so many employees. 

For federal income tax purposes, none is deductible unless associated with a trade or business. Some states offer a credit or deduction but we would need to know the state to provide additional guidance

Thank you all for the great discussion - now it's 2026 and TurboTax hasn't fixed this bug still. I have tried the method A,B,C, and they don't work (or not available), and I tried deleting all the 1098T and 1099Q and re-entered. No luck.   Since I am not claiming any of the tax credit, and I am certain the 1099Q money is used for qualified education expense, can I just forgo these forms? I think the rule says that beneficiaries do not have to report these forms in this case? Would still want to confirm with the knowledgeable community. Special thanks to @Hal_Al - your post was so helpful!!