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To enter, edit or delete a form 1099-R - 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) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button Online editions -   On the screen Did you get a 1099-R in 2025? Click on Yes On the screen Let's import your tax info Click on Change how I enter my form On the screen How would you like to upload your 1099-R? Click on Type it in myself On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

The room and board section is being updated and is expected to be released this Friday. Your taxable income could be reduced.   If the 1099-Q is not income, it should not be entered.  IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.

@aysoref I am using TT Deluxe Desktop on Windows 11 Pro.  Was kinda shocked when I was able to do the second Fidelity import without the "Delete Old Data" screen.  Instead, I got a new "Upgrade to Premier" screen (which wasn't necessary, and allowed me to "Continue").

Refer to the screenshots below; for Tax Year 2025, you can add information here:       For previous years: Your Cumulative Net Investment Loss (CNIL) is your balance of investment losses over investment gains since 1988. You will add information on the very next page.       If you're using TurboTax Desktop, use Easy Step mode: Proceed to the Income and Expenses section. Find the Investments Profile page. Check the box for "Calculation of cumulative net investment loss (CNIL) (T936)." Proceed through the screens until you reach the CNIL entry page. You will see boxes specifically for "Prior year investment expenses" and "Prior year investment income."   You generally only need to enter this if you are claiming the Capital Gains Deduction (Line 25400) for selling small business shares or farm/fishing property. If you aren't claiming that deduction, a CNIL balance won't actually change your tax refund this year, though it’s still good practice to keep it updated.   Hope this helps! 

If you choose not to accept, you won't be able to keep going. TurboTax needs your “okey” to proceed calculating your tax return.   Otherwise, you can contact one of our tax expert, to help you with that: How do I contact TurboTax?    

If you are a single member LLC, you could use TurboTax Home and Business Desktop or TurboTax Premium Online to file your taxes.  Your taxes will include a Schedule C along with your other schedules and be attached to your form 1040.  The Schedule C will include and report the income and expenses that you had for your business throughout 2025.  After you are done with the Business Section, you will go to the personal income section and enter your W-2 like you would have done in previous years.    To enter your self-employment income and expenses after you download or log into TurboTax 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 If you have other questions while working on your return you can ask questions in the community posts or you can click the button on your screen for live assistance.  

W-2 Box 14, Code K is pre-tax deductions for dental and vision coverage.    W-2 Box 12, Code K is a 20% excise tax on golden parachute payments.   Check your W-2 because it sounds like the entry for Code K is in Box 12 instead of Box 14.   To get back to your W-2 entry go to Wages & Income>W-2

If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates". If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.

RogerD1 Thank you for that confirmation.  I have been waiting on a formal ruling form Colorado but had not looked recently.  I do see this now.  Thank you for pointing it out. It's too bad so many wrong answers had to be posted first.

It should let you select but since it isn't, we need to go behind the scene. Since you have Mac desktop, you have Forms mode.  Look for the education summary or student info wks and see if you can check the box for optimizer or can make a credit selection. You may be able to override a red or yellow box (right click and select override from the edit menu at the top of your screen).  If you need to override a value, go back through step by step to see if the program will hold the new value. Then come back and cancel the override.