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Thanks for your response.  I did answer Yes on that screen, so I'm confused why it changed my tax rate and tax liability when it should be non-taxable income.  And I was only able to get that far by saying I received a corrected 1099-SA, which is also a little confusing.  It's a yes or no answer, and it IS a corrected 1099, but it's technically not marked as corrected on the form itself.

Hi there,  no the issue was not resolved with the update.  Since it is a carryforward item available for use in future years, I have not claimed this year but also there were other Netfile issues this year between TurboTax and CRA as seen on other threads so once these were resolved, I finally filed through Netfile - I have confirmation it went through.  Disappointed with this added stress and unresolved issue. 

Which tax year are you filing for, 2024 or 2023?   You can use either the TurboTax Home & Business Desktop version or the TurboTax Online Self-Employed version if you have investments and self-employed income. You can use TurboTax online or the Desktop Premier version if you do not have any self-employed income that year.   https://turbotax.intuit.ca/tax/software/online   https://turbotax.intuit.ca/tax/software/desktop   Thank you for choosing TurboTax.

Unfortunately, the desktop version is incompatible with Mac, so you cannot download it. You can only use a TurboTax Online version.   If you have purchased the wrong year for TurboTax Desktop you can submit an online Refund Request and purchase the correct version directly from TurboTax website.   Thank you for choosing TurboTax.

No.  Zero sale and zero basis does not need to be entered.  As long as the S-corp has the money to pay back the loans that the shareholders made then their basis is returned to them and you don't need to enter the zero dollar sale transaction.   If the S-corp didn't have the money to repay to the shareholders then the sale would be entered to show a loss of the amount that was not repaid.   @Jady1952 

The calculation is described in CFR 1.408-11:  https://www.law.cornell.edu/cfr/text/26/1.408-11   I'll assume that the entire balance of the Roth IRA at Brokerage B was transferred to a previously empty Roth IRA at brokerage A and perform the calculation as if everything had stayed at Brokerage B since the transfer really didn't change anything with regard to the calculation.  I'll also assume that the $7,000 contribution in January 2024 was for 2024 since it's too late to recharacterize a contribution made for 2023.  I'll also assume that by April 15, 2025 you either filed your 2024 tax return or requested a filing extension for your 2024 tax return, otherwise the deadline to recharacterize a contribution made for 2024 has passed.   In your case the AOB is the value in the Roth IRA at Brokerage B in January 2024 immediately prior to contributing the first $7,000, plus the two $7,000 contributions.  For the calculations that follow, I'll assume that the balance immediately prior to the January 2024 contribution was $12,000, but you'll need to redo the calculations using the true value.   The AOB is $12,000 + $7,000 + $7,000 = $26,000   If the recharacterization was done today, the ACB would be $26,604.   The Net Income attributable to the January 2024 $7,000 contribution would then be:   $7,000 * ($26,604 - $26,000) / $26,000 = $162.62 or 2.323% of $7,000   If your true balance prior to the first contribution was more than $12,604, you actually have a net loss.

Hi Catina, I just tried this, inputting the exact numbers you mentioned (including rounding up box 19 to 144) and it unfortunately it was rejected again :( I checked all of the other W2 and all looks correct. I am at a loss at this point - do you have any other ideas or work-arounds for this?

An amendment sometimes takes a bit to show up in their system. Have you looked on the IRS Where's My Amended Return?   Here's how you can check: How to Check your E-file Status   You will need to contact the IRS for information. It might be easiest to set up an account with them.   IRS Individual Online Account   Taxpayers with a Social Security number or an Individual Taxpayer Identification Number can create or access their IRS Individual Online Account to get information they need to file their return. With an IRS Individual Online Account, people can: View balance owed, payment history and schedule payments. Cancel scheduled payments. Get transcripts. View or create payment plans. See digital copies of some IRS notices. View key data from their most recently filed tax return, including adjusted gross income. Validate bank accounts and save multiple accounts, eliminating the need to re-enter bank account information every time they make a payment. View, approve and electronically sign power of attorney and tax information authorizations from their tax professional. 

Are you using the online version or desktop version?  What is on line 9?  Anything or is it blank?   If you are using the desktop version, you can select manual override, however, a manual override will keep you from e-filing.  You would need to print and mail the return. 

Please clarify - the extra medicare tax that was withheld is definitely not appearing on your form 1040 schedule 3, Part II, Line 11, correct?  because the TurboTax system should have entered it there and bypassed the 8959 altogether.   @Samhome 

Do you have a copy of the original return you are working with?    Is your QBI deduction on Line 13 the same?    Your taxable income determines when you have to use 8995-A.      Form 8995 is the simplified form and is used if all of the following are true:   the individual has qualified business income (QBI), qualified REIT dividends, or qualified PTP income or loss; taxable income before QBID is less than or equal to certain thresholds - See this TurboTax FAQ How to get a tax return copy from the IRS.

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