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Yes. You do need to input the information from your Form 1099-B. However, use care when inputting the information because standard 1099-B forms for employee stock often lead to double taxation.   When your wife's company does something with the stock, they will usually include those shares in her W-2 wages. Therefore, because she has already paid income tax on the value, her true cost basis is higher than what the 1099-B shows. That Supplemental Form is important because it contains the adjusted cost basis.    To find out if your Form 1099-B includes ESPP, RSU, RS, NQSO, ISO, you usually need a package of four things, not just your 1099-B:   Form 1099-B: Shows what you sold it for (Proceeds) The Supplemental Account Statement lists the Adjusted Cost Basis, which includes the income already reported on your W-2 Your W-2 (Box 12 or 14): This confirms the income was already taxed as wages Form 3921 for ISO (if applicable), provided by your employer   What to look for on your W-2:   RSUs/RS: Look at Box 14. Many employers will label it "RSU" or "Vested Stock." This amount is already included in your Box 1 "Wages," so if you don't adjust your 1099-B basis, you pay tax on that amount twice. NQSO (Non-Qualified Options): Look at Box 12 for Code V. This tells you the profit at exercise that is already in your wages. ESPP: This is the trickiest because it doesn't always have a specific code. You often have to look at your final paystub of the year or a Form 3922 provided by your employer. ISO: Form 3921 provided by your employer   It is very important that you determine the basis on your own using the above statements, rather than only relying on your Form 1099-B, because it does not have the complete story and you may end up paying more taxes than you should otherwise.   When inputting your Form 1099-B, TurboTax will have specific questions pertaining to your employee stock. Be sure to carefully read each question as you go. You will need your Supplemental Form, but first, enter the information from the Form 1099-B exactly as it appears on the document.    Click on Income Scroll down to Investments and Savings and click down arrow Select Stock, Crypto...(1099-B...) Select Add investments, then Enter a different way Select Stock, Bonds, Mutual Funds (1099-B), Continue Enter brokerage information, then Continue In the "Tell us about the sales..." section, then Continue In the "Now choose how to enter your sales", select one at at time (since you don't have a lot), then Continue   Note: using your Supplemental Form's information, check the box just below the sales section that reads, "I need to adjust my total cost basis". It is here that you will adjust the numbers on your Form 1099-B to accurately reflect the supplementary information.   Regarding the forms you will need to file, TurboTax will generate the required Schedule D and Form 8949 once you have completed your entries. 

Can you please clarify if you are having trouble e-filing 8915-F or you cannot access the forms?  If e-filing is the issue, what reject code are you receiving? 8915-F is available in both TurboTax Online and Desktop. After you enter the 1099-R, you can continue to enter the information about the qualified disaster.    I recommend that you clear out your stored  cache and cookies or update the Desktop version (completely close and re-open to be prompted).

Health care insurance premiums, including dental and vision insurance premiums, and other medical expenses that you paid with out of pocket funds and were not reimbursed are an eligible medical expense that you can deduct using Schedule A for itemized deductions. However, only your total medical expenses that are greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit. Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older To enter your medical expenses - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Medical On Medical Expenses, click the start or update button

If you're using Forms view in TurboTax Desktop, right-click on the value, then select Get Data Source to see which worksheet entries this is pulling from.    If you're using TurboTax Online, select Tax Home > Federal > Deductions & Credits > Deductions and credits summary from the left-hand side menu, then press Continue on the bottom of the summary page to go forward; the next or 2nd screen following this should be your standard or itemized deduction determination screen:     On this page, select Change my deduction if you would like to switch back to the Standard Deduction:       Where in the Online or Desktop program is it showing your Schedule A Line 5c property taxes as $40,000? I can provide more detailed instructions to resolve the issue if given the header of the page or the title of the form you're at, thank you!  

Hi Roger. Thank you for looking at this.   First: I entered the transaction directly onto the asset worksheet. I don't generally work through the interview method as I would have been the person conducting the interview, not being interviewed. Also, since I use TurboTax to check my own tax estimation spreadsheets I just need to spot enter some information as I have it available, and the interview process to me makes it somewhat difficult to get to where you want to be in that case.   Interestingly, I also tried re-entering the same transaction (while I was still preparing the return) and it again came back to LT on my return. No idea why we're getting different responses on that. (I apply updates as they come up on TurboTax launch, so we should be on the same version.)   The transaction is mutual fund shares which I entered directly. Did not do an import for the live return. I did as a test start a blank return and do an import. The numbers came in correctly but, unfortunately, for 1099- INT and DIV, the import does not identify which account the 1099 is for, which means a lot of correcting of names. For the capital gains each CAS worksheet was identified, but only by brokerage account number, again not with a name. I of course don't know if this in inherent in TurboTax or something from my brokerage.   I don't even see where to identify stock vs mutual fund and how acquired, but they don't actually affect the taxes. I did actually walk through the interview process for the capital gains, as TT was telling me that there was missing information on that worksheet that couldn't be access by the worksheet. So I filled it all in via interview, but possibly I missed something if all it needed was a change. This particular transaction as noted was a mutual fund; did the export routine perhaps set it back to stock as part of the privacy part?   Good news is, I e-filed the returns last week and both went through within 15-30 minutes, so the override did not affect anything.   My point in starting this thread was simply that whatever the issue is on the CAS worksheet, it needs to be identified and fixed. If someone without my tax knowledge was using direct entry, they could overlook this and wind up underpaying taxes. And yes I realize you all recommend using the interview, but that doesn't mean working the other way should produce an incorrect result.   Thanks.   Brent

TurboTax will automatically apply the $500 Credit for Other Dependents if your dependent was age 17 or older at the end of the tax year. There are no known issues affecting the Child Tax Credit calculation. I recommend going back to My Info and reviewing your dependent’s profile to make sure the birthdate was entered correctly, as that determines which credit is applied.

Please clarify. What entry are you being asked to check?    Just in case this involves retirement contributions and/or Box 12 on Form W-2: other users have found that when you remove the cents on the screen Tell us more about your retirement contributions, there is no longer an error message.    Also, removing the cents in the box on the screen Check this Entry, and on the line Box 12 S: on the Check this Entry screen stopped the error message.    Finally, the error may be removed if you simply re-type the exact number, including the cents, in either of those places.    You can also try the troubleshooting steps in this TurboTax help article. @gigipanelli27 

@dp27 wrote: ...who is even thinking about taxes in August or October?      If you're not thinking about your federal income tax liability until after the end of the calendar year, you're doing it wrong. Regardless, that's up to you but you can't blame Intuit for you not paying attention.

You do not need to file a separate tax return for a UTMA- you can file under the child's name and social security number.  (It is a custodial account not a trust so it does not require a 1041 Trust tax return).  You will file the capital gains on Schedule D and Form 8949- TurboTax will walk you through the entry.  You may need to include a Form 8615 to calculate the tax if there is unearned income greater than $2,700.   The first $1,350 of unearned income is tax-free. The next $1,350 is taxed at the child’s rate. Income above $2,700 is taxed at the parents' marginal rate (Kiddie Tax).  If this applies, you can opt to file the unearned income (interest and dividends) on the parent's return, but you would still need to file a return in the child's name to report the capital gains.