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Some report that using dummy 9-digit numbers will not electronically file.   Consider reporting the interest as other income by following these steps:   Select Federal from the left side of the menu. Select Income from the left side of the menu. Scroll down to Less Common Income.  Click the down arrow to the right. Click Start / Revisit to the right of Miscellaneous income…. Click Start / Revisit to the right of Other reportable income. At the screen Any other taxable income? select Add. Enter the description of the income.  The income will be listed on line 8z of the Schedule 1 Additional Income and Adjustments to Income and line 8 of the Federal 1040 tax return.  

@JamesG1 does that mean I have to enter the same K1 twice by selecting add another K1 in TT? I'm a bit confused.   Also my K1 has a value in section K1 (partner's share of liabilities) and in section L for beginning and ending capital. Where do I enter these values in TT?

If it's box 15, I assume you are referring to a Form 1099-R.  South Dakota does not have a personal income tax; therefore, there shouldn't be any state tax withheld (Box 14).  If there is anything in box 15, it is not relevant and does not need to be entered.   If there is an amount in box 14 you should contact the financial institution that issued the Form 1099-R.

Yes- exactly those steps. I'm on a PC. I've actually tried on 2 different PCs. The file is local (not in the Cloud).    After I point to the file and say Import, it just spins. I've tried this so many times that the usage timer on the top right of the Online version is at 2.5 hours now. (and I've never gotten past this step). 

Hi @dmertz  thanks for your input!   On  the page that list the Forms 1099-R for my Roth Conversion I did answer No to the question "Did you have any nondeductible IRA contributions to your traditional IRA from 2024 or prior years?”     I think  the 8606 Line 2  entry comes from the  IRA Information Worksheet form in TurboTax desktop (see image below).   Hope someone can confirm this?    There seems to be a way to  override the IRA Information Worksheet to change the $4000 to zero to fi my current issue.  Wonder if I could just clear it out and would that change the 8606 basis to zero?   

Follow-up to Earlier Post: After just writing and explaining that $700 wa not showing up in taxable income, I looked over 1040 one more time and just discovered that the $700 is included in the taxable income of 1040 and supporting worksheets on lines 5a and 5b for Pensions, Annuities and taxable amount.  Sorry it took me an entire day to figure this out. and not sure why it's being thrown in with pensions and annuities.  

Did you also account for the extra $40 service fee for that option ($45 for California filers)   and also possible sales tax? Did you choose to efile the return?   For that option efiling is required. Do you have a USA address?  Can't be foreign.   For more info: FAQ:  Can I pay with my refund? https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/refund-processing-service/L3zANb1OR_US_en_US

Since you were married on December 31 you have to file as MFJ or MFS. As a US Citizen or a Resident Alien, you have two choices in filing your taxes.   Option 1  Treat your spouse as resident alien for tax purposes.   If you do this, you will need to include your spouse's worldwide income in your US tax return and it will be subject to US taxes.  To do this follow these steps. Attach a statement to your tax return, signed by both spouses, that states that one spouse is a nonresident alien and the other is a U.S. citizen or resident alien, and you are choosing to both be treated as US residents for the tax year. List the name, address and Social Security number (or Individual Taxpayer Identification number) of each spouse. If your spouse has a social security number you will use it.  If not, you will need to apply for a number using Form SS-5.  If your spouse is not eligible to apply for a Social Security number, complete a Form W-7, Application for IRS Individual Taxpayer Identification Number (ITIN) (http://www.irs.gov/pub/irs-pdf/fw7.pdf).  This form will be attached to your tax return.  Turbo Tax does not support the Form W-7.  You can complete it outside of Turbo Tax.  You will have to print, sign and mail your return in if you are using Form W-7. For the first year you make the choice, you have to file a joint return. In later years you can file joint or separate returns. Married Filing Jointly will give you a higher standard deduction and has other benefits that are not available using a married filing separately status, but you do have to include your spouse’s worldwide income in joint income. Option 2    Treat your spouse as a nonresident alien for tax purposes. You will not have to include your spouse’s non-US income on your U.S. tax return. You will have to use the filing status of Married Filing Separately. https://www.irs.gov/Individuals/International-Taxpayers/Nonresident-Spouse-Treated-as-a-Resident If everyone on the tax return has a social security number or ITIN, you should mail your return to the address listed in the 1040 instructions.  Tax returns with a Form W-7 should be mailed to the Austin TX address.    A tax return accompanied by one or more W-7 forms cannot be submitted electronically. You can submit it in person at any IRS Taxpayer Assistance Center that performs in-person document reviews; most major cities have such assistance centers, and there is at least one center in every state. You can also submit tax returns with W-7 forms by mail to: Internal Revenue Service ITIN Operation P.O. Box 149342 Austin, TX 78714-9342   According to the IRS, it takes 6 to 10 weeks to obtain an ITIN. An ITIN will expire at the end of the year if it is not used on a federal tax return in the last 3 years.

@GatitaSF  Are you still having this problem? I am experiencing the same thing. I don't know why it is so challenging to update the software for one form. This is going on for way too long! My screen still shows that it will be corrected by March 6th. Would be nice if TT would continue to provide accurate updates.

Your employer did not report the bonus correctly. The change of ownership isn't the problem. All payments from an employer to an employee are supposed be treated as wages and be included in the employee's W-2. It doesn't matter whether it's regular pay, a bonus, or some other special payment. Form 1099-NEC is for "nonemployee compensation." But you are an employee, not a nonemployee. All of your compensation from your employer is employee compensation and should be included in your W-2. However, there is a way to report the 1099-NEC correctly on your tax return, in spite of the employer's error. When you start to enter the 1099-NEC in TurboTax you will get a screen that asks "What type of income in on your 1099-NEC?" Select "Income that should've been reported on a W-2." Then click Continue. On the next screen enter the information from the 1099-NEC. The next screen asks if you also got a W-2. Answer Yes. TurboTax will include Form 8919 in your tax return. The bonus will be reported as wages on Form 1040 line 1g. Form 8919 calculates the Social Security and Medicare taxes that your employer should have withheld on the bonus. The total of these taxes will appear on Schedule 2 line 6 and will be included in your total tax liability. It will not be reported as a business, and you will not have to pay self-employment tax. This is actually not an uncommon situation. Employers sometimes report a bonus or other special payment on a 1099-NEC either out of ignorance or to avoid paying the employer's share of Social Security and Medicare taxes and other payroll taxes.  

The preparer of your K-1 has reported more than one activity on one Schedule K-1.   At the screen Choose Type of Activity, click This K-1 reports in more than one of boxes 1,2, and 3.   Since your K-1 reports amounts in more than one of boxes 1, 2, or 3, the partnership/LLC is involved in more than one type of activity.  You should treat each activity separately in TurboTax.   So there will be one K-1 entry for box 1 income.  Only click on box 1 and the statement "This K-1...".   There will be a second K-1 entry for box 2 income.  Only click on box 2 and the statement "This K-1...".   The other boxes of the K-1 may refer to either box 1 income, box 2 income or a combination.  The preparer of the K-1 may have included attachments or detail which explain how those items break down.