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March 18, 2026
6:24 PM
I have a foreign tax credit carryover from 2024 and TurboTax generated Form 1116 as expected, but also created an unnecessary Form 3800. I needed to delete Form 3800 to remove the error when TurboTax...
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I have a foreign tax credit carryover from 2024 and TurboTax generated Form 1116 as expected, but also created an unnecessary Form 3800. I needed to delete Form 3800 to remove the error when TurboTax checked my return.
March 18, 2026
6:23 PM
If you did not sell it, delete that sale entry - it should be entered in another section. Can you clarify what kind of tax form you received?
According to the IRS, airdrops (along with pro...
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If you did not sell it, delete that sale entry - it should be entered in another section. Can you clarify what kind of tax form you received?
According to the IRS, airdrops (along with promos and staking rewards) only become taxable once the taxpayer acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency. Airdropped currency that isn't yet usable or accessible isn't taxable until the taxpayer can exercise control over it. If you can access your crypto airdrop, use the instructions in the link below to enter it in TurboTax.
How do I report crypto promo assets? These instructions will say to enter in Other Reportable Income. However, if you have a 1099-Misc, delete the entry you already made and enter you 1099-Misc, enter it and answer the follow up questions as they are below:
Where do I enter a 1099-MISC?
After you enter the reason for the 1099-Misc, mark None of the above on the next screen (uncommon situations).
Answer Did the refund involve work that's like your main job? NO
Answer How often did you get income for refund? You got it in 2025 only
Answer Did the refund involve an intent to earn money? NO
This will report the box 3 amount as Other Income on Line 8 of Form 1040 without generating a schedule C.
March 18, 2026
6:23 PM
Re: I need a 2025 1040X form It could be. Are you in the same account? Desktop or online? Was it definitely accepted and not rejected? If you are using the same account or the...
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Re: I need a 2025 1040X form It could be. Are you in the same account? Desktop or online? Was it definitely accepted and not rejected? If you are using the same account or the same file on the desktop program and it is telling you that you have to mail it, at this point you will need to mail your return and include the 1099R. This reply is from Vanessa, an TurboTax expert employee if you did not see it.
March 18, 2026
6:21 PM
1 Cheer
If your Computershare 1099-B lacks a control number in TurboTax, you can leave the field blank and proceed, or manually enter the data if the prompt forces a value. The control number is not required...
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If your Computershare 1099-B lacks a control number in TurboTax, you can leave the field blank and proceed, or manually enter the data if the prompt forces a value. The control number is not required by the IRS and is only used for automated import, so opting to manually enter your 1099-B summary data is the best workaround.
@g1en1es1ie
March 18, 2026
6:21 PM
Wrong again. The plan already withholds PA tax.
March 18, 2026
6:21 PM
Topics:
March 18, 2026
6:20 PM
IRS Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, is used to report gifts exceeding the annual exclusion to any one person in a calendar year. For 2025, this threshold i...
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IRS Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, is used to report gifts exceeding the annual exclusion to any one person in a calendar year. For 2025, this threshold is $19,000. For more information see the following TurboTax article: The Gift Tax Made Simple
March 18, 2026
6:20 PM
Can you clarify your question? @rdskinner1
March 18, 2026
6:18 PM
If you are referring to Form 1099-NEC, and you have an amount on Box 7 for State Income. As long as you have nothing on Box 5 for State Tax Withheld, then you can leave boxes 5, 6, and 7 blank. ...
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If you are referring to Form 1099-NEC, and you have an amount on Box 7 for State Income. As long as you have nothing on Box 5 for State Tax Withheld, then you can leave boxes 5, 6, and 7 blank.
If you are referring to a different form, let us know and we can give you specific information for that specific form.
March 18, 2026
6:17 PM
You cannot make a partial foreign earned income exclusion. You must use the full amount of foreign income or none.
March 18, 2026
6:17 PM
The correct answer was to delete the 1099s. I would recommend deleting them entirely from the documents section as well before reimporting. My taxes are done and I see 5 copies of some 1099s some wit...
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The correct answer was to delete the 1099s. I would recommend deleting them entirely from the documents section as well before reimporting. My taxes are done and I see 5 copies of some 1099s some with 3 copies and some with 1 copy. The other problem in the review section is if you have multiple accounts the names of the 1099s are all the same in the review section. The documents section shows 4 digits of the account for differentiation if you have multiple accounts. It would be helpful if the review section had the same identifier.
March 18, 2026
6:17 PM
Topics:
March 18, 2026
6:17 PM
What tax form do I use if I gave a large cash gift to a family member?
Topics:
March 18, 2026
6:16 PM
To enter Section 1256 Contracts and Straddles:
Navigate to Wages & Income
Scroll down to "Less Common Investments and Savings"
Click on the down arrow to expand
Next to "Contracts ...
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To enter Section 1256 Contracts and Straddles:
Navigate to Wages & Income
Scroll down to "Less Common Investments and Savings"
Click on the down arrow to expand
Next to "Contracts and Straddles" select "Start"
Answer "Yes" to "Any Straddles or Section 1256 Contracts?"
On the next screen, it is highly unlikely that you need to make any elections, so just click "Continue"
On the screen with "Contracts and Straddles", more than likely you only need to select Section 1256 contracts... You may want to read the IRS instructions for Form 6781, Gains and Losses from Section 1256 Contracts and Straddles
Select "I'll report the totals from each broker or account.
Enter the information to report your your profits and losses from your Section 1256 Options transactions.
March 18, 2026
6:16 PM
(deleted)
Topics:
March 18, 2026
6:16 PM
No, the IRS allows for penalty-free retirement withdrawals starting at 59½; once you pass that age, you can access your IRA or 401(k) funds for any reason without the additional 10% tax.
Howev...
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No, the IRS allows for penalty-free retirement withdrawals starting at 59½; once you pass that age, you can access your IRA or 401(k) funds for any reason without the additional 10% tax.
However, keep in mind that while the penalty is gone, the withdrawal is still considered taxable income. You will owe regular federal (and potentially state) income tax on the amount you took out, which will be added to your wages from your job.
March 18, 2026
6:16 PM
The IRS will say that an investment cost basis cannot be negative. That is why you are prevented from electronic filing.
Are you referring to a negative cost basis reported on an investment on...
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The IRS will say that an investment cost basis cannot be negative. That is why you are prevented from electronic filing.
Are you referring to a negative cost basis reported on an investment on an IRS form 1099-B or the IRS Schedule 8949?
This IRS website states:
A shareholder's stock basis is decreased, but not below zero...
If so, you may have to report a zero cost basis or re-construct the cost basis from your personal records.
[Edited 03/22/2026 | 5:38 AM PST]
@vrubright
March 18, 2026
6:15 PM
I bought TurboTax Home and Business desktop version from costco and activated my key and moved my account to online. How to know if my produce include audit defense, also how to add or upgrade my pr...
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I bought TurboTax Home and Business desktop version from costco and activated my key and moved my account to online. How to know if my produce include audit defense, also how to add or upgrade my product for live expert help?
Topics:
March 18, 2026
6:13 PM
Topics:
March 18, 2026
6:12 PM
1 Cheer
No, the excess contribution won't be included in your 2026 income. You removed it before the due date of your tax return, so it's as if it never happened. The earnings on the excess contribution we...
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No, the excess contribution won't be included in your 2026 income. You removed it before the due date of your tax return, so it's as if it never happened. The earnings on the excess contribution were withdrawn/received in 2026, so they are reported on your 2026 tax return. According to the IRS Instructions for Form 8889:
Excess Contributions You Make
To figure your excess contributions (including those made on your behalf), subtract your deductible contributions (line 13) from your actual contributions (line 2). However, you can withdraw some or all of your excess contributions for 2025 and they will be treated as if they had not been contributed if:
You make the withdrawal by the due date, including extensions, of your 2025 tax return (but see the Note under Excess Employer Contributions, later);
You do not claim a deduction for the amount of the withdrawn contributions; and
You also withdraw any income earned on the withdrawn contributions and include the earnings in “Other income” on your tax return for the year you withdraw the contributions and earnings.