All Posts

There is no global setting but you can work smarter. The 1099-DA is new this year and some brokerage companies are tagging assets that may be part of a managed fund. Next year, the 1099-DA will include basis and companies will have another year to sort out how things export. For this year: Online or desktop: Delete the imported 1099-B Choose Enter a Different Way / type it in myself Total purchase and sales price by category: short term  long term  Wash sales Enter one line per category using your totals. Enter various for date and override for long term, if needed. Alternately, enter dates that satisfy the short term and long term holding. As long as the short or long period is correct for taxation, there is no issue.   If you have the desktop version: Switch to Forms mode Locate and select the Capital Asset Sales Worksheet in the left column Look for the column labeled Digital Asset Y/N Quickly tab through marking them.

Yes, you are correct. The adjustment is used to remove the dividends from being taxable on your return, and there is no special form to make detailed explanations.   If the IRS does have a question, you would receive correspondence from them much later in the year. Be prepared by keeping all necessary information in your tax return files.   @syoung123 

If the “Fix my return” option isn't showing after the rejection, you can still go into your return, fix what needs to be corrected and send it again. To do that:   Sign in to your Intuit account, scroll down on your Tax Home screen, and select Add a state (‌You aren't adding a state. This step is necessary to reopen your return. Once back in, use the search bar or left-hand menu to find the specific section mentioned in your rejection email. In the email you received, you will find the rejection code. There, you will see an explanation of the rejection along with a specific solution for your situation. After fixing the error, select File in the left menu. Follow the instructions to review your information and choose your filing method (e-file or mail) to resubmit.

You need to update your Wisconsin tax return, and on the screen that says Here's the income that Wisconsin handles differently,  choose College savings account, you will find that in the Education section. You will see a section there where you can enter your college savings account contribution.

It depends, there are a few possible reasons for this.  First, the tax law only allows you to deduct state taxes in the calendar year you actually paid them. So any Arizona estimated payments made in January 2026 cannot be deducted on your 2025 federal return.   Additionally, the federal state and local tax deduction cap is $40,000 for the 2025 tax year. If your total state taxes exceed this new $40,000 limit, Schedule A will not include everything, even if your worksheet shows higher totals.   This deduction also begins to phase out if your modified adjusted gross income is over $500,000 ($250,000 for married filing separately).

You will get this message because of the following reasons: Your Personal Identifying Information (for example, Primary filer name, DoB, SSN, etc.) you entered in your TurboTax return doesn't match what you entered in the identity check prompt. If you have an existing Credit Karma Money account before applying for the Refund Advance loan and received the error message while confirming your information, you need to make sure your TurboTax return and your Credit Karma money account information match (for example, primary filer name, date of birth, and Social Security number). If you need to update any of this information, here's how: Sign in to your Intuit account. To update your user ID, password, email address, or phone number, select Sign in & security. To update your name, date of birth, address, or occupation, select Profile.

Yes, you can deduct vehicle expenses that you incurred for business using your personal vehicle.  You can deduct your actual expenses or standard mileage.     For more information regarding business mileage, refer to the TurboTax articles Business Use of Vehicles and Maximizing Tax Deductions for the Business Use of Your Car.   Refer to the TurboTax article Where do I enter business expenses, like home office, vehicle mileage, and supplies? for navigation instructions if your business mileage is for self-employment income.

The IRS uses your prior year AGI to combat fraud. Make sure you take into account the information below.   You can find your 2024 Adjusted Gross Income (AGI) by: Looking at line 11 on page 1 of your 2024 Form 1040 Requesting a transcript of your 2024 tax return from the IRS. You can request your transcript online at the following link: Get Transcript Please click on this TurboTax article for more information.    Check these items as well to ensure you have the correct number.  If you:  Filed late last year after mid-November or your return was processed after that time—try entering 0. Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A). Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less. Filed with your spouse last year—you and your spouse have the same 2024 AGI. (Don’t split the AGI amount or enter  0  for one of you).   Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return.    This article will give you instruction on how to print and mail your return. 

No, you're not doing something wrong. It seems the non-resident state may be the reason (see the link below for pricing). The Oklahoma (OK) resident return is Form 511, while the OK non-resident return is 511-NR. Your first download may not have included the forms you need as a non-resident. TurboTax Desktop Pricing Please use the link below to contact us regarding your question. You can ask why you are being charged for the same state  How do I contact TurboTax?