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Thanks for your detailed response, but I still don't know where to enter my losses. How do I navigate to the correct screen to enter the losses?  There is no obvious button/menu option that says  ENTER GAMBLING LOSSES.   The only thing I can find is to navigate to Deductions and Credits --> Other Deductible Expenses -->    Any help you can provide is greatly appreciated.    

Yes.  If you are delivering for Wal-Mart or a Spark driver, then you would be considered self-employed and this is considered business income which gets reported on Schedule C. You can use TurboTax Home and Business Desktop or TurboTax Premium Online to report the income and claim expenses.    To enter your self-employment income select the following: Federal Income and Expenses Show More next to Self-Employment Start next to Self-Employment Yes, to you have any self-employment income or expenses Enter the type of self-employment work you do and you can select that you use your name for your business Click through a few more screens and you will get to a screen that says "Your XX info" Click Looks good Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  If you do not select one, it will not let you enter your income Enter your self-employment income on the next screen Continue and on the next screen click add expenses * Please note navigation may differ slightly depending on which version of TurboTax you are using* The income and expenses as an independent contractor  will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to the 15.3% SE Tax.  If you did not pay Self Employment (SE) Taxes in 2025, and if you plan to do this again in 2026, it may be a good idea to make estimated quarterly payments to avoid penalties. Taking Business Expense Deductions  

There may be expenses for your work on the follow through to obtain the unclaimed income. Examples of that could be mileage, postage, or any other actual expense you had to accomplish receipt of the income. Example of expenses that can be used: Court costs Accountants' fees,  Appraisers' fees, etc.  Cost of storing or maintaining property, including documentation of actions.   Simply adding your labor as a cost would not be sufficient as a deductible expense, however if you tie it to the details required to accomplish the results of receiving the income, then the estate can handle the entire return.   Amending a 2020 return would not be my advice since it's beyond the statute. The income was received in 2025. You can attach a statement of explanation for filing another final return in 2025.   If you remain unsure of how you want to handle it you should seek professional assistance for preparation. In this forum we cannot advise the actions you should take as far as distribution.   Beneficiaries receiving income from a trust or estate report that income (usually via Schedule K-1) but cannot deduct their personal labor.    @ron6612 

Thanks, I made an appointment with Turbo tax to go over my return tomorrow. Last year I did not have any problems with Cryptocurrency or stocks, To many tax changes by the Administraton last minute. I am happy I have an expert to help me. I found out some of my forms were not sent to Turbotax. No wonder nothing makes sense : )

1099-NEC is Non-Employee Compensation which means Self-Employment.  It needs to be reported on Schedule C.    If you do not have TurboTax Home & Business or TurboTax Self-Employed, enter under Federal Taxes Wages & Income 1099-MISC and Other Common Income Income from Form 1099-NEC   START or UPDATE  

You will need to amend using a Form 1040X----but that form is not yet available. The Form 1040X is scheduled to be available on March 4.  The date is subject to change, so check on 3-4 to see if it is ready.   Before that, do not change anything at all on your return.  

@DaveF1006 before advising people not to use a substitute 1099-R, you really need to check what state they are in, because some states offer preferential tax treatment for pensions (even foreign ones), that people won't get if they don't classify the income as a pension on the federal return.  If you search this forum, you'll find posts where people in states like New Jersey ran into that issue.  They couldn't report pension income as "other" income without suffering a material increase in their state income tax, because the income had to be on line 5b of the federal return in order to flow to the correct place in the state return.   A quick Google suggests that states with special treatment for pension/retirement income include Georgia, Delaware, Illinois, Iowa, Mississippi, Pennsylvania, Michigan, New Jersey, South Carolina, Virginia, Wisconsin and Utah, so I'd be very cautious about suggesting that anyone from those states enter a pension as "other reportable income".   The substitute 1099-R seems to be the only approach that ensures the correct tax treatment.

It depends. If you are paying the loan back as per agreement and are not in default, then this is not taxable.     If you default on the loan, then it becomes taxable and is treated like a regular 401K withdrawal and is subject to the 10% penalty. Also, if you leave your job and cannot pay the distribution back by the tax deadline, then you would end up getting a 1099-R and needing to include it in your income.    Retirement topics - Plan loans

TurboTax gets no information from the IRS after you file your tax return, so no one at TT knows what action the IRS wants from you.   The IRS will send you a letter if they need some further information from you.

I may have kicked off the 2025 tax year discussion of this topic a week or two ago.  I was the one told by TT that they were waiting on something from the IRS - sounded like BS to me.  Someone else on this thread was apparently told something else by TT that smelled phony.  Several people have had success using Firefox.  I couldn't see how that could possibly be a solution, but desperate times call for desperate measures, and I tried Firefox today - IT WORKED!!!  I didn't want to make Firefox my default browser, so I went thru the import steps on TT and when it opened a window in my default browser I copied the URL and pasted it into Firefox.  It worked the way it was supposed to work (disregarding, of course, having to switch browsers as part of the exercise).   On a related note, I got my Schwab 1099 late last week.

Thank you.   When trying to close out the depreciation of the rental half of the duplex, it asks:   Special handling required?  and one example is a 'rental inside a home' which confused me as duplex has two units, one rental, one my home, so assuming 'no' for the question for the rental unit as well as dishwasher and other depreciated improvements.  Is that accurate?   Followup question TT asks is: was this asset included in sale of your main home? which I'm also assuming is 'no' as separate units but wanted to make sure i'm just not confused.    Thanks, Adam   P.S., I bought the Advantage version of TT this year, does this include free phone support to run by all of this to make sure I'm good?  I think your responses are sufficient but just wanted to double check. It also offers $50 'Live Tax Advice' but I don't need advice, just clarity on how to fill out the section of TT.

Si estás presentando una declaración de Nueva York para el año fiscal 2025 y tienes una identificación emitida por Nueva York, se te requiere ingresar el número de documento (además de tu número de identificación) en tu declaración estatal de Nueva York.   Este número es un número alfanumérico de 8 o 10 dígitos ubicado en la esquina inferior derecha de tu licencia de conducir, permiso, o identificación de no-conductor, o en la parte posterior si fue producido después del 28 de enero de 2014. El número de documento comienza después de IDUSA. No incluyas IDUSA como parte del número de documento. Puedes ver ejemplos en el sitio web del Departamento de Vehículos Motorizados de Nueva York.   Si has intentado ingresar tu número de licencia de Nueva York y sigues sin poder avanzar con tu declaración, será necesario que envíes tu declaración por correo.      

TurboImpôt Enligne Gratuit est offert seulement pour des déclarations de revenu simples. Le logiciel vous offre la version adaptée à vos besoins en fonction de ce que vous sélectionnez pour cette déclaration. Par exemple, une déclaration avec seulement un feuillet T4/Relevé 1 devrait être couvert sous la version Gratuite.   Voici des captures d'écran en provenance de notre site Internet, qui explique ce qui est couvert et non-couvert dans la version gratuite.     Serait-ce possible de nous précisez ce que vous sélectionnez pour la déclaration de votre fils?   Merci de choisir TurboImpôt.  

  You received an email that we cannot see that tells you why your tax return was rejected.   Some rejected returns can be fixed and re-filed.  Some have “un-fixable” reasons for the rejection and have to be mailed instead.    What is the rejection code or rejection message?     If it was rejected for AGI—-your 2024 AGI might not be in the IRS system if you filed late.   Try using zero instead.   If filing with zero is rejected then file again but select the option that you did not file last year.  The IRS does not see that question and it will allow you to e-file with no AGI question.     https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311   If that does not work and you still cannot e-file, then print, sign, and mail your tax return.  

The gross distribution amount in box 1 should be $0.  As this was a trustee-to-trustee transfer, it was neither a distribution nor a rollover.  Because it was not a distribution, the gross amount distributed was $0.  Of course with nothing having been distributed, that taxable amount was also $0.   "My understanding is that if I file form 4852, I will not be able to file my tax electronically."   Correct.   While submitting a Form 4852 gives you the opportunity to provide a preemptive explanation, a possible alternative would be to simply omit the Form 1099-R.  Because this Form 1099-R shows $0 taxable, it seems unlikely that the IRS would find that there was any underreporting of income.  If the IRS Automated Underreporter System did kick out your tax return for examination, the worst thing I can see happening would be that the IRS would question the nature of the transaction itself since the Form 1099-R is nonsensical, at which time you could provide explanation.

@markmil11 wrote: but Do go On... My previous post posed a question: "What, precisely, is your problem? Is it just that T. Rowe Price is not appearing in the import list in TurboTax?"   You never did answer that question so how do you suppose anyone here is in a position to help you if you do not delineate the issue you are experiencing? Why can't you answer a simple question if you're having issues with the program?   [amazing that you believe people (read: VOLUNTEERS) on this board are posting just to get points and/or awards which are worth exactly ZERO (and that's zero in terms of ANY kind of remuneration, etc.).  - how did you arrive at the conclusion?]