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@Marfanon wrote: ....I loved the earlier reply noting it's a good time to short their stock!!!! Oh, ugh. Hopefully, you do some research first.   If you do, you will discover that Intuit has ~$19 billion in revenue and, of that, a little over $200 million is derived from TurboTax desktop sales.  

I so agree with you and many others that are very tired of dealing with TurboTax.....especially those of us that have used them for YEARS.  I finally upgraded to Windows 11 just so I could see if I could actually download the Desktop Business 2024.  DIDN'T Make a difference!  I have spent so much time speaking with product support that I feel like I should send those individuals Christmas cards this year. It's unfortunate that the mostly pleasant customer support people work for a corporation that no longer cares about their business customers.  I too am switching to H&R block AND I will be moving away from Quickbooks Online Payroll as well.  We may all be small fish to INTUIT, but if enough of us place our personal as well as our companies money elsewhere, maybe the C-Suite will take a hit to their "bonuses".....or better yet, their stock options.  I loved the earlier reply noting it's a good time to short their stock!!!!

These are RSU shares.  As I already paid tax when the shares vested, the cost basis should be based on the market value when the vesting took place.  They are showing the par value of the shares as the cost basis which is  pennies, when it should be about $150 or so.   Brokerage house is of no help and I transferred the shares to Fidelity when I left the company.  So, I have to change the cost basis for the trades of that company shares only and I have been doing it for the last two years.  Unfortunately, I am having trouble with accessing those trades in Turbotax 2024.

Sorry for your loss. Unless you had an interest in the property that preceded her death, you use $500K as the basis.  In all probability there will actually be a loss after selling expenses are taken into account. 

why is the brokerage using the wrong basis? generally, the IRS won't bother you if you change the cost basis for a few trades. Don't know what will happen since you are changing the cost basis on many trades. 

is this a simple trust which is required to distribute income. the distribution occurs even if no physical assets were sent to the beneficiaries.  also a trust that terminates is deemed to distribute everything.  a grantor trust is treated as a disregarded entity, so all income is distributed although generally a grantor letter rather than a k-1 is issued. 

Here's how you can enter the repayment in TurboTax Online. You cannot enter it in Free Edition. You have to use Deluxe or Premium. Read these instructions and the TurboTax screens carefully. There are several similar-sounding questions. Start off as if you were entering unemployment benefits that you received. Go to: Federal Wages & Income Unemployment Government benefits on Form 1099-G Unemployment and paid family leave Answer the questions as follows. Did you receive unemployment or paid family leave benefits? - No, I didn't. (If you did receive unemployment benefits in 2024, answer Yes. A few steps later you will enter the unemployment that you received before you get to the place where you enter the repayment.) Were you required to repay unemployment benefits (uncommon)? - Yes Did you pay back any government unemployment from 2023 or earlier? - No Did you pay back any non-government unemployment from 2023 or earlier? - Yes Click Continue. How much non-government unemployment did you repay? First, enter any benefits that you received in 2024 and repaid in 2024. - Leave this box blank. Next, enter benefits that you received in 2023 or earlier, and repaid in 2024. - Enter the amount that you repaid. The amount that you enter here will go to Schedule 1 line 24e. Click Done.  

I RECEIVED A LETTER FROM THE IRS/STATE     TurboTax does not receive any information from the IRS or your state after your return was filed, so no one at TurboTax knows about a letter you received from the IRS or the state.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-audit/turbotax-audit-support/L6AcMoNFD_US_en_US?uid=m5z7by9u     https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/got-cp2000-notice-irs/L7Da6em2t_US_en_US?uid=m4of6ngd

If you want your return to be reviewed by a "Live" expert you will need to upgrade to online Live Assisted.    Then you will need to get that help during business hours Monday- Friday 5 a.m. to 5 p.m. Pacific time.     https://turbotax.intuit.com/personal-taxes/online/live/full-service/ LIVE ASSISTED https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm   https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb