All Posts

When you enter your Form 1099-B reporting the stock sales, you will see an option that says the cost basis is incorrect or missing on my Form 1099-B. It is on the screen where you enter the proceeds and cost basis. If you check that box, TurboTax will allow you to either enter the correct cost basis or will offer to help you determine what it is and then enter it for you. Usually what you must do is to take the discount listed on your W-2 form and divide it by the number of shares sold to arrive at the discount per share. Then, you add that to what you paid per share to determine the cost per share. You then multiply the cost per share by the number of shares sold to arrive at the correct cost basis to enter for your Form 1099-B.

To enter Home Energy Credits - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credit Click on I'll choose what I work on (if shown) Under Your Home On Home Energy Credits, click the start or update button

Currently the release date is set to March 4th. Continue to check back at the link below as it could be released earlier. Here are some tips for filing your amendment.   The amended Form 1040-X is not yet available. The IRS is not willing to accept an amendment for the current tax year early in the tax season. Use the link below to check to see when it will be available. Do not change your tax return until you read all the instructions. TurboTax needs to know the original numbers and the corrected numbers to provide the correct end results before you prepare it.   If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Amend a tax return for the current tax year Tax Form Availability (check for release date here)   @slparnell 

@jfveee    If your box 2a has a non-zero number in it..(not blank, nor marked as undetermined), and that number is somewhat lower than the box 1 number, due to an after-tax contribution amount that is noted in box 5...then edit that retirement form again, and when you get to the following page (below), answer it as-if the displayed edits were present  (i.e. you needed to answer YES. ) (..........IF the box 2a is the same as box 1...you also answer YES).     Answering YES will use the box 2a $$ amount on your for 1040.  Check lines 5a and 5b before and after entering that 1099-R.   (But if you answered No, and already entered some $$ in the "General" or "Simplified" calculation area ,you might need to delete your 1099-R first and re-enter it from scratch...not sure of that though) ___________________________________  

You must enter the document number in addition to your ID number. Refer to the NY Dept of Motor Vehicles Sample New York DMV Photo Documents to check the number to use based on the type of ID that you have.