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Why are you trying to enter your investment sales in Forms mode?  Use the interview   To enter an investment sale - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button

Your answers are good and you are receiving the higher value. The higher value is evoked when a charity uses the donation - like art to a museum. This allows the fair market value of the item. Publicly traded stock is also given the fair market value. Your stock does not qualify for the lower end, which uses the basis. For example - as an art piece donated to a food bank would be the donor's basis rather than the fair market value.   Your fair market value using the day's average is correct for your stock donation.

Everyone's tax situation is different and the complexity of your tax situation, meaning the forms needed to file your return, determines if you qualify for the TurboTax Free Edition.   The TurboTax Free Edition is strictly limited to simple Form 1040 returns. If your return requires additional schedules to report specific types of income or to claim certain credits, the system will prompt you to upgrade to TurboTax Deluxe or higher.   Here are the most common reasons you would be required to upgrade to a paid version: Unemployment Income: If you received a 1099-G for unemployment benefits, this is no longer covered under the Free Edition for the 2025 tax year. Itemized Deductions: If you are claiming deductions for mortgage interest, property taxes, or large charitable contributions on Schedule A instead of taking the standard deduction. Investment Income: Reporting stock sales, cryptocurrency transactions, or rental property income. Self-Employment/Gig Work: If you have 1099-NEC or 1099-K income and need to deduct business expenses on Schedule C. Education Credits: Claiming the American Opportunity Tax Credit or Lifetime Learning Credit (Form 8863). To see if you have forms that are not included in the free edition: Sign in to your TurboTax Online account. Select Tax Tools from the left menu and then click Tools. Click on View Tax Summary. Look for Schedules 1, 2, or 3. If any of these are present (other than for the Student Loan Interest deduction or the EITC/Child Tax Credit), an upgrade is required. If you want to start over to remove an accidental entry:  Select Tax Tools  Clear and Start Over  This will erase all data entered so far

Yes, that's a concern if the taxpayer's Modified Adjusted Gross Income (MAGI) is more than ($250,000 for married couples, $200,000 for single people).   Another suggestion is to enter as a 1099 INT and use FEIN "placeholder" numbers such as  99-9999999 or 11-1111111. I am wary of suggesting this because IRS might not accept these numbers for efiling purposes.    If you have a MAGI that is over the limit, you should file a 1099 INT and mail it in to avoid NIIT. Thank you for bringing this matter to my consideration.   @Mike9241  @jameswmoses         

You will need to keep going through the prompt until you get to the section where it asks "Tell us which person may have qualified for a penalty exception". To go through the questions again, go to the "wage and income" section and click "review" next to the IRA section, then click continue to go through the questions again. Once you get to the "Tell us which person may have qualified..." screen, click on the pencil icon next to your name, and answer the questions accordingly.  Once you get to the part where it says "These situations may lower your tax bill" you will enter the amount you took out for qualified education expenses in the "Higher educations expenses" field.  Click continue, and that should remove your early distribution penalty.    Here's a link with additional information regarding exceptions to the early retirement distribution penalty: Are there exceptions to the early distribution penalty on an IRA?

Yes. I calculated it and entered the data separately for the 401K and the 3 IRAs. And they clearly show up that way in TurboTax that I have completed so far.   I just took a look at the federal form 5329 and it is section IX that applies to "Excess Accumulation". So it seems reasonable that when Turbo releases that form it will force the software to reveal the details of how it concluded an additional tax is due and how the amount was calculated.   Another reason I think form 5329 is relevant is because Turbo mentions within my account that it won't be available until Jan 28. That indicates that Turbo knows that form is required for my filing. 

Your taxes would be calculated using the Qualified Dividends and Capital Gains Tax Worksheet, not the tax tables. Go to IRS Form 1040 Instructions page 38 for the worksheet - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=38   If you are using the TurboTax desktop editions, click on Forms.  The worksheet should be shown on the left side of the screen.  Click to open

You should report the distribution if it was not used to pay for qualifying medical expenses. You do that in the Less Common Income section of TurboTax and then 1099-SA, HSA, MSA. You will need the name, address and federal ID number of the company that was holding the funds.

  MY DEPENDENT HAD A JOB If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return.  He/she can file his own return for a refund of some of his withheld wages from boxes 2 or 17 (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return.  (Supervise this closely or prepare it for him!) If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare.     You might also want to use free software from the IRS Free File versions: https://apps.irs.gov/app/freeFile/

No scroll bar at all at the bottom of the screen, either from the get go start point in TT or when I am looking at 1099-R. Expanding or shrinking the screen does not show any lower scroll bar. There is a scroll bar on the right when looking at the various topics form the menu (W-2, 1099, etc etc) but never a lower screen scroll bar. Also the screen display is full in that there is a lot of visible screen and I would expect to see the pen and trashcan, there's plenty of display room on the screen. Thanks