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On the screen "Let us know if any of these situations apply to this sale," check This was a small business stock Continue, then choose Qualified Small Business stock (section 1202) @rwgander     

For truly free filing you must visit IRS FREE FILE page ( link on the Home page ) and select a provider that includes your state tax return. Only 3% of eligible filers use this, which is strange but shows the power of TV advertising.   @joeldtracy 

For a couple filing jointly where both spouses are over 65, the standard is $34,700.   The senior deduction of $6,000 per person is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   Married couples filing separately are not eligible for the senior deduction.   The senior additional deduction is not included in the standard deduction but appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   To preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b  and you should see the amount of this deduction included in this line.

No, the extra senior deduction is not included in the Standard Deduction.   If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   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   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.  

@RickD3  once you are enrolled in Medicare, you are not eligble to make HSA contributions.  Since you signed up for Part A in Frbruary, you were only able to make a $1000 / 12  contribution for 2025.    Your spouse on COBRA: yes, contributions are fine. 

Hello, That's the strange part. I didn't opt out of the underpayment being included in our taxes. I tried to amend to see where this may have been part of TurboTax but can't find that spot in the process.

Greetings, I had a similar situation of an excess contribution to a Roth IRA in the same timeframe as you're experienced.  However, I googled to find out what one should do and found I needed to submit a request for "Return of Excess Contribution" form [a lesson you're already learned unfortunately] this was completed prior to April 15, 2025 and before I filed 2024 Tax Return. The money I received back included the excess amt plus the earnings on that money, so when I received my 1099-R 2025 Box 7 had JP. I knew I needed to report the earns as taxable income; unfortunately the IRS rules and TurboxTax don't make it easy to do. [I need to do a 2024 amendment for under $800!!...what a pain!] Since you had a loss on the overall excess contribution amt, you may not need to worry about the distribution code on  your 1099-R.  Curious, do you normally contribute to a Roth IRA every year? Recommend reading up on Form 5329  & Pub on IRS website.

You would enter this as a stock sale. All of the information that should be entered should be in a supplemental form that came from your K-1. Here is how to enter the information other than reporting it in Box 11 of the K-1.   Go to Wages & Income > I'll choose what I work on.  Scroll to Investment Income and click Start/Update on Stocks, Mutual Funds, Bonds, Other. Answer Yes to "Did you sell any investments?" and No to "Did you get a 1099-B?" On the "Choose the type of investment you sold" screen, select "Other" or "Everything Else." Description: Enter "Section 1202 QSBS - [Company Name]". Sales Section: Choose "Long-term did not receive 1099-B". Type of Investment: Select "Stock (non-employee)". Enter your Cost Basis and Proceeds from the K-1 statement. After you click "Continue" past the cost/proceeds, you will see a screen titled "Any other info about this sale?" or "Let us know if any of these situations apply." Here you will select "This was small business stock." Continue through until you are done with this section.        

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Switch Products on the lower left side of the program screen while working on the 2025 online tax return. Click on Clear & Start Over   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Please Note - TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules