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In the instructions that DoninGA gave you above, note that it doesn't matter what you enter for the reason. The reason that you enter is only used in the subsequent questions in TurboTax. It does not appear on your tax return. Just enter a short description such as "profit sharing."  

@user17709788658    Yeah, the only way to know whether TTX used the box 1 or box 2a values on a 1099-R...is to check lines 5a and 5b of the form 1040.   IF your 1099-R is the first one entered, then line 5b of the 1040 "should" show the box 2a value.  IF it's not the first 1099-R you've entered then you kind-of have to add things up yourself to know what should be on line 5b of the form 1040.   Since I had some after-tax contributions to my 401k, For my 1099-R , box 2a is only 0.4% lower , so it wouldn't be much of a deal if box 1 was actually used.

Can you answer the question asked by the original post? In the On Demand Help in the app it states "COMING SOON: We’re working on a new tool to help you look up the fair market value of your item. We expect it to be ready soon, but you can file without it" Can you provide any update on this tool and timing? The original post wasn't asking for alternatives but for information on this message in the application. (We know there are other ways to get FMV but we were relying on TurboTax to make the process convenient.) I agree with the original post that this is one of the reasons I have been using TurboTax and leads me to want to explore other options. Given the message in the system help I would like to know specifically what TurboTax has planned and the timing so I can evaluate it against other options. 

Generally speaking, homestead exemptions are applied for through your own local county tax assessor’s office. However, some states, such as Michigan, do offer a specific "homestead property tax credit" that can be claimed in the state section of TurboTax. Other states have certain property tax credits that offer a tax credit for the state's property taxes you have paid. New York state, for instance, has a real property tax credit.   If your particular state offers a state homestead property tax credit or other form of property tax credit, you will be asked questions regarding it as you go through your state tax return interview.  TurboTax will determine if the credit applies to your situation and if you are eligible, the program will determine your tax credit.   A homestead exemption generally has no direct effect on your federal tax return. It does reduce your local property tax bill, which may in turn decrease the total itemized deductions (property taxes) you claim in TurboTax. It is a state/local, not federal, tax reduction.    Click here for How do I contact my state Department of Revenue? Click here for Claiming Property Taxes on Your Tax Return Please return to Community if you have any additional information or questions and we would be happy to help.  

Turbo Tax doesn’t show you their calculation.  I searched and on 5/27/25 Champ Mike9241 says he found a way to get the Turbo Tax calculation https://ttlc.intuit.com/community/after-you-file/discussion/turbotax-incorrectly-computed-that-i-had-a-penalty/00/3640643    

"PRETAX" in Box 14 of a W-2 form represents pre-tax deductions for benefits—such as medical, dental, vision insurance, or Section 125 cafeteria plans—that are not subject to federal income tax. For tax software entry, this is often categorized as "Other-not classified"

To enter a Form 1099-MISC that is not for self-employment - Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other Common Income On Form 1099-MISC, click the start or update button On the screen Did you get a 1099-MISC?, click on Yes On the screen Let's get the info from your 1099-MISC, enter the amount received in box 3 and continue On the screen Describe the reason for this 1099-MISC, enter a reason and Continue On the screen Does one of these uncommon situations apply? - Select None of these apply and continue On the screen Did the (reason) involve work that's like (your name) main job - Select No and continue On the screen How often did (your name) get income for (reason) - Select 2025 and continue On the screen Did the (reason) involve an intent to earn money? - Select No and continue The amount entered from the Form 1099-MISC will be entered on Schedule 1 Line 8z The total from Schedule 1 Part I Line 10 flows to Form 1040 Line 8

Since you received a Form 1095-A, you will need to enter the information from it into TurboTax. The IRS requires that the information be reported. TurboTax will then determine whether you are entitled to a Premium Tax Credit.   If you have an amount in column A, then the amount in column B can't be zero. You must enter the Second Lowest Cost Silver Plan (SLCSP). The SLCSP is the second-lowest priced health insurance plan in the Silver category that was available when you applied for insurance at Healthcare Marketplace.    You can use the Health coverage tax tool to figure to get the SLCSP if it is not on your Form 1095-A.   Healthcare Tool   The amount in column C can be zero if you didn't take a monthly subsidy to help pay for your health insurance premiums.   If you did get a monthly subsidy to help pay for your health insurance premiums, enter the monthly amount in column C. See this article for more information about the Premium Tax Credit.    TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A.