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You can no longer work on a 2024 tax return in TurboTax Online. TurboTax Online is only for the current tax year, which is now 2025. To work on your 2024 tax return you have to use the desktop TurboTax software for 2024. If you call customer service they might give you a download of the 2024 desktop software at no charge.  

the tip questions should come from the 1099-NEC that you entered which should be linked to a schedule C. after entering the box 1 amount and continue. The next page should say Let's check if you can deduct any tips. Ay least this is the way the desktop app performs in step mode.       For 2025, payors were not required to report the tip income on the tax form. In your case 1099-NEC. Thus, the number will have to come from paystubs or other sources. Be sure to keep copies of whatever you use.   

@lianasworld  @coreyjr98  Requiring Form 8959 when your income is below the threshold is an error in TurboTax. TurboTax is aware of the problem and they are working on fixing it. There is no timetable for when it will be fixed.  

When my mother in law passed away, my wife and her eldest brother were on title for the properties. The two younger brothers, who got nothing, felt the they were intitled to "something". The four siblings met and agree to terms where sister and older brother would pay the two younger brothers an agreed upon amount of money (+$150K). They all meet at an agreed upon attorney and it was put to paper and signed by all in attendance.  In 2025, my wife and I mortgaged our house to pay them what was due!   So, does form1099S need to be issued to them as income to then from the settlement or some other form1099?   Looking for advice on how to proceed.   Thanks

Requiring Form 8959 when your income is below the threshold is an error in TurboTax. TurboTax is aware of the problem and they are working on fixing it. There is no timetable for when it will be fixed.   @dmertz   

@chrisdahlem2003  @coreyjr98  @lianasworld  @ARivas2006  Requiring Form 8959 when your income is below the threshold is a bug in TurboTax. TurboTax is aware of the problem and they are working on fixing it. There is no timetable for when it will be fixed.  

Requiring Form 8959 when your income is below the threshold is an error in TurboTax. TurboTax is aware of the problem and they are working on fixing it. There is no timetable for when it will be fixed.  

Requiring Form 8959 when your income is below the threshold is an error in TurboTax. TurboTax is aware of the problem and they are working on fixing it. There is no timetable for when it will be fixed.  

Yes, here's what might have happened. If you recorded the two 1098's separately, the software may have mistakenly understood that you had two different loans totaling a much higher amount.    The IRS will calculate an "Average Balance" by looking at the principal reported on your 1098s. If two 1098 forms are reported on your tax return, the IRS doesn't distinguish that they are the same loan. It assumes your debt is more than $750,000 and automatically limits your deduction—often at a much lower amount than the $40,000 you paid.   My suggestion is to respond to the notice by mailing a brief statement to the address on the notice. Include both copies of both 1098's and inform them you changed lenders and that the two 1098's issued are for the same loan. Further state that your total principal never exceeded $750K and that you are entitled to the full interest amount of $40,000.    @user17689512664