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To Determine your basis for IAU - ishares gold EFT go to https://costbasistools.com/gold/iau.php enter your purchase date, total cost, number of shares, and it will generate a table for each year with your share of gold sold and your basis. I expect it has the same thing for other precious metal funds. Thank you costbasistools!

To Determine your basis for IAU - ishares gold EFT go to https://costbasistools.com/gold/iau.php enter your purchase date, total cost, number of shares, and it will generate a table for each year with your share of gold sold and your basis. I expect it has the same thing for other precious metal funds. Thank you costbasistools!

Best advice is to delete all and then use summary totals. This can be done by using clear your return and start over, which may be easiest. How to clear and start over? A solution can be to enter summary transactions if you have many transactions. Your brokerage/digital statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered. If not, you can create one with totals based on holding period.   Holding Periods: Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax) Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate) You can always use direct entry if you choose, with summary totals.  The only exception is wash sales, which must be entered separately, if you have any. Where do I enter Form 1099-B? (Ignore import) How do I mail Form 8453? (review if alerted)

The company in question, aka. Intuit, should never assume people that do not voice out anything on this board or anywhere else are completely peachy.  A piece of software that costs $50~100ish, and gets used for a few days, is NOT cheap by any measure.  From at least 20 yrs of using TT, 2025 version is particularly sketchy: inconsistent UI presentation (It's been this way thou.), unnecessary changes & incoherent work flow, cryptic questions in arcane English (Do not just copy and paste the sentences from IRS publications, make them something that a layman can understand!), inability to restart the program (This is the WORST scenario!)... just to name a few.  It does look like Intuit just threw everything into the bucket in a hurry to bunch up the desktop version of TT 2025; while their objective now-a-day is to push out the online version (and other services) and trying to get people into the subscription scheme, as Microsoft has done.  You never know there might a silent revolution brewing and boiling as we speak!

This a bad answer because changing this changes the date on the security Capital Gain worksheet to the wrong date.  The software SHOULD allow a 2026 date because in the case of FNMA or FHMC securities the 2026 date is legit due to adjustments in the rate. THIS IS CLEARLY A TURBOTAX BUG that needs to be fixed

Please clarify. Where exactly are you in TurboTax? What version are you using?   Using the TurboTax desktop CD/Download editions, a third party designee can be added using Forms mode and enter the designee on the Federal Information worksheet.  The federal tax return can be e-filed with the designee entered.  

yes, like I said the Box 11 ZZ is for "SECTION 475(F) INCOME" (the full amount). What schedule should that be reported on?   Because I cannot access forms directly when using TurboTax Online, I can't input that information anywhere. I guess that is why the rep said I could not file online. 

Is this to form 8949, column-f gets the 'W' and column-g gets the adjustment (reducing my loss)?   Is any explanation required? If so, how is that documented?   Is there any way (or any need) to remove the Red exclamation point next to form 8949?   Will this cause any problems with filing electronically?   Thank you so much!!!

Right.  You can only fill in the 3rd party designee using the Desktop program in Forms mode.  You can't do it in the Online version.     You have to switch to Forms mode (click Forms in the upper right (left for Mac)) and select the Info Wks. Scroll down until you get to Part V Third Party designee: section. Check the YES box and then you can fill in the name, phone number and any 5 numbers for the PIN.

Box 11ZZ can be for anything. You need to know what it represents, which may be provided in box 20. Then you need to re-enter the amount on a line in the sub-worksheet for 11ZZ that best describes it. If you don't, TurboTax will likely not allow you to e-file because 11zz is not complete.      There are 2 categories, nonpassive income/loss to be reported on Schedule E page 2 or something else which requires further entry on the appropriate Form or Schedule.