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Hi,   I have added a ESPP sale by adding details from Form 1099. This results in a small gain and hence increase in small increase in tax due. On the next screen, I check "Adjusted Cost Basis" and enter a new value that results in a loss. However, the tax due remains the same.   Any help to understand what is going is appreciated!   Thanks!

Hello,   I missed a large deduction in the schedule C of my original 2023 return.So I need to amend it. I have home and business desktop, so I'm supposed to be able to do it.    However, when I clicked the amend button in other tax situations, I found that the 1040-X form was generated incorrectly. When I clicked the button and without doing anything, I should have zero refund/due, because I have not changed anything yet. However, I saw a refund immediately. Then, I inspected the 1040X form, and found that the amounts in 1040-X, column A (original amount) were quite different from the ones I entered before. But the column C matched what I entered. This seemed wrong to me. How did this happen?    I'm thinking of manually modifying the column A amount to match column C (and the original return). Would that solve the issue?    In addition, I could not find any way to amend the schedule C in the amend page. It seemed that the amend page did not have any business items, everything was personal items. Since I wanted to change the business amount, how to do that?    Thanks. 

I'm completing my daughters taxes and I'm keep going in circles.  First, I completed her Paid Leave Oregon as a 1099-MISC.  I continued on, inputting all her wages and deductions.  However, when I proceed to "Ready for Federal  Review", it lists 5 errors beginning with a Schedule C for a Sole Proprietorship.  She is does operate a business.  It was Paid Leave through the Unemployment Department. So, I went back back to Wages & Income.  Under the Unemployment section was "Unemployment and Paid Family Leave" but it says to enter her 1099-G info.  Inputting her info as a 1099-G form it seemed to correct the issue.  However, when I proceed to "Ready for Federal  Review", it lists 5 errors beginning with a Schedule C for a Sole Proprietorship. How do I resolve this? Thanks, Nancy  

Hi There,   1098 T Box1: 70,667. Box5: 44,352. My MAGI:$176,924   I think I should be eligible for this, but why? Here is what I got: " You can't claim an education tax break   Based on what you've entered so far you are not eligible for an education credit.   Here is why you may not qualify:         Your income exceeds the maximum limit       Somebody else can claim you as a dependent on their return       Scholarships, grants, and other tax free assistance exceed the education expenses       There were no net qualified education expenses "

I am trying to transmit my tax return and kept getting caught in an error loop -- a field TurboTax automatically filled in with a value of zero in my Minnesota tax return kept getting flagged because it said there shouldn't have been a value in that field.    The exact message says "Schedule MS1A: Home mortgage interest should not have a value since federal Schedule A, lines 8b and 8c are blank.  Home mortgage interest: 0   And the form shows zero in this field as well. I can't delete the zero. It just puts a zero back in automatically.   This is clearly a bug, and there doesn't seem to be any way to report it. I tried calling support, but it was incredibly unhelpful. He asked me to share my screen but we weren't connected online -- we were only talking over the phone. He didn't send me an email to connect, and I didn't see any way to make the connection on the support site. He tried to give me a URL to go to, but it took me to an insecure website, which my browser blocked (rightfully so).  He didn't really listen to anything I said and kept telling me to share my screen. I kept saying there wasn't a way to share it when we were only connected by phone. I asked for the next level of support. He said there was no other option available.   I did look for software updates multiple times, and there aren't any. I was able to transmit my federal return individually, but can't go forward with the Minnesota return. The only option it's giving me is to change how I submit (to the mailed option). I've already paid for the state submission, and I'd rather not have to print and mail this whole thing.     I've been a TurboTax user for years, and this is incredibly frustrating. I'd appreciate any help in getting this reported and fixed. I'm happy to provide a screen grab, and can jump on a screen share through a legitimate, secure support channel.

My husband retired last year and has a pension. He had taxes taken out of his monthly pension check. I am still employed. I am noticing that when adding his 1099-R he is taxed at a very high rate. Why is this? What is the rule about married filing jointly that requires his pension to be taxed at such a high rate? Should we file separately or will this trigger an audit given that we have been married for 30+ years and have always filed jontly? What do married couples do when this happens?