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February 22, 2026
7:47 AM
If this is about a fee owed to TurboTax I suggest you contact out Customer Service Department at How do I contact TurboTax?
If this is about an amount you owe to the IRS or State, you will have...
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If this is about a fee owed to TurboTax I suggest you contact out Customer Service Department at How do I contact TurboTax?
If this is about an amount you owe to the IRS or State, you will have to give us more details to clarify the issue.
February 22, 2026
7:47 AM
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
February 22, 2026
7:47 AM
Until 2024, turbotax automatically transferred my taxexempt income from my Federal Return to my State (Maryland) return. However, in 2024 and 2025 it appears that I have to enter this information m...
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Until 2024, turbotax automatically transferred my taxexempt income from my Federal Return to my State (Maryland) return. However, in 2024 and 2025 it appears that I have to enter this information manually on my state return. Is this correct? Also, when I click on"learn more" regarding federally exempt taxes, I get the following information: "Generally, foreign earned income that is excluded from your federal adjusted gross income should be added back to your Maryland income if Maryland is your permanent home." My tax exempt income is from US municiple bonds, not foreign earned income. Does income from US municipal bonds need to be added?
February 22, 2026
7:47 AM
Answers to your questions:
Enter "1", and correct, if you have zero proceeds and 0 cash. you can disregard entering the transaction on your return.
Enter 01/01/XX for purchase date and 12/3...
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Answers to your questions:
Enter "1", and correct, if you have zero proceeds and 0 cash. you can disregard entering the transaction on your return.
Enter 01/01/XX for purchase date and 12/31/25 for date of sale. The year for the purchase date will be the year you purchased the stock.
Note that the year of the purchase date is important because it'll determine whether the transaction was a short-term or long-term sale.
Here's a link that gives more information on how to enter digital asset transactions in TurboTax:
How do I import my digital asset transactions into TurboTax?
How can I fix a digital asset transaction error?
February 22, 2026
7:46 AM
It also says "see attached statement" (on copies 'A' and 'D' of the 8949). But (unlike last year), it doesn't include Form 8453 in the printed return, nor do the instructions tell you to mail it in...
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It also says "see attached statement" (on copies 'A' and 'D' of the 8949). But (unlike last year), it doesn't include Form 8453 in the printed return, nor do the instructions tell you to mail it in.
February 22, 2026
7:46 AM
They never give the option to not select the most expensive option and the process was so convoluted that many I’m sure just give up and pay to get it over with. I did. I even tried to call and was co...
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They never give the option to not select the most expensive option and the process was so convoluted that many I’m sure just give up and pay to get it over with. I did. I even tried to call and was connected to someone with a screaming child in the background and they were high as a kite
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February 22, 2026
7:44 AM
How do I delete an entry for "Qualified business net (loss) carry forward from the prior year" (Line 3 on Form 8995) for a business that I no longer have? I still need to file Form 8995 for "Qualifie...
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How do I delete an entry for "Qualified business net (loss) carry forward from the prior year" (Line 3 on Form 8995) for a business that I no longer have? I still need to file Form 8995 for "Qualified REIT dividends" (Line 6). I tried deleting the entry in Forms but it did not work.
February 22, 2026
7:42 AM
How do I deduct 529 contributions?
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February 22, 2026
7:42 AM
Yes. Monthly retirement plan distributions are considered periodic payments.
See this TurboTax article for more information on Form 1099-R.
February 22, 2026
7:41 AM
1 Cheer
In TurboTax Desktop, at the screen Now, choose how to enter your sales, select the one-by-one method rather than the sales section totals method.
If the stock is worthless, you should be able t...
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In TurboTax Desktop, at the screen Now, choose how to enter your sales, select the one-by-one method rather than the sales section totals method.
If the stock is worthless, you should be able to report your complete investment in the stock. Stocks, stock rights, and bonds (other than those held for sale by a securities dealer) that became completely worthless during the tax year are treated as though they were sold on the last day of the tax year.
A stock may become worthless when the corporation files for bankruptcy, stops doing business, and has no assets. Financial difficulties will not make a company's stock worthless unless there's no hope that the company will survive. Worthless stock includes abandoned stock, permanently surrendered for no consideration.
Enter a worthless stock like any stock sale but with a sales price of zero and the word worthless in its description. Enter the correct cost or basis, date acquired, and December 31 as the date sold.
See IRS Publication 550 Investment Income and Expenses, page 54.
In TurboTax Desktop, follow these steps:
Across the top of the screen, click Federal Taxes.
Across the top of the screen, click Wages & Income.
Click I’ll choose what I work on.
Scroll down to Investment Income.
Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
Click Add investments.
On the Let Us Enter Your Bank and Brokerage Tax Documents screen, select Skip import.
On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue.
At the screen Which bank or brokerage, enter the information. Click Continue.
Do these sales include any employee stock, enter No.
Do you have more than three sales, enter No.
Do these sales include any other types of investments, enter No.
Did you buy every investment listed, enter Yes. Continue.
On the screen Now, choose how to enter your sales, select One by one. Select Continue.
At the screen Look for your sales on your 1099-B, select Continue.
You will now be able to enter the worthless security. Include the word worthless in the Description. Enter $0 total proceeds (sales) and your cost basis, along with the sales category. Date of sale will be December 31. When finished, select Continue.
At the screen Let us know if any of these situations apply to this sale, select This was a worthless security. Select Continue.
At the screen Review your sales, select Add another sale as necessary.
When completed, close the record and click Continue.
@cmccrank
February 22, 2026
7:40 AM
Who is "they" that says you owe $330? We cannot see your tax return or any of your information. TurboTax gets no information from the IRS or your state after you file your tax return.
February 22, 2026
7:39 AM
1 Cheer
Same problem here. Keeps looping downloading State return. Then when it finishes, I try to start the State return, and the download loop starts all over again. Will we be notified when there's a f...
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Same problem here. Keeps looping downloading State return. Then when it finishes, I try to start the State return, and the download loop starts all over again. Will we be notified when there's a fix for this?
February 22, 2026
7:39 AM
You have to ask Acorns when they will have your 1099-B ready to import into TurboTax.
February 22, 2026
7:37 AM
Schedule E, Line 26, shows rental income, which is correct. Schedule K-1 and K-1 worksheet, line 5, show the income as non-passive, which is not correct. What question was answered incorrectly ...
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Schedule E, Line 26, shows rental income, which is correct. Schedule K-1 and K-1 worksheet, line 5, show the income as non-passive, which is not correct. What question was answered incorrectly to generate the incorrect K-1?
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February 22, 2026
7:37 AM
vertication code will not work
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February 22, 2026
7:36 AM
They say I owe $330.00 My figure that I owe is $163.00. How do I fix this?
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February 22, 2026
7:35 AM
When you are entering your income for self employment, TurboTax will ask if any of that income includes tips. The tips must be included in a Form 1099-k, 1099-MISC, or 1099-NEC. You have to keep log...
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When you are entering your income for self employment, TurboTax will ask if any of that income includes tips. The tips must be included in a Form 1099-k, 1099-MISC, or 1099-NEC. You have to keep logs that show the date, the customer, and tip received.
Guidance for Individual Taxpayers who received Qualified Tips or Qualified Overtime Compensation in 2025
Withdrawing from your 401(k) to pay university tuition is taxable income, and if you’re under age 59½, it’s usually also subject to a 10% early withdrawal penalty.
Unlike IRAs, 401(k) plans do ...
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Withdrawing from your 401(k) to pay university tuition is taxable income, and if you’re under age 59½, it’s usually also subject to a 10% early withdrawal penalty.
Unlike IRAs, 401(k) plans do NOT have a tuition exception to the 10% penalty. The higher education exception applies to IRAs only, not 401(k)s.
Additional tax on early distributions from retirement plans other than IRAs
February 22, 2026
7:34 AM
Can you clarify if the W2s have the same Employer ID Number? See How do I handle multiple W-2s from the same employer? @julia-gragtmans
February 22, 2026
7:34 AM
hi, took medical leave this year and received payment from MA, I have Box 1- empty, Box 4 - $983.31 box 11- $491.66. System wont allow me to put in since box 1 is empty. MA website says: If you ...
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hi, took medical leave this year and received payment from MA, I have Box 1- empty, Box 4 - $983.31 box 11- $491.66. System wont allow me to put in since box 1 is empty. MA website says: If you received medical leave benefit payments from DFML, but box 1 of your 1099-G is zero, that means that any payments you received were not considered taxable. So not sure how I should report it: MA says: For employers with 25 or more employees, sixty percent (60%) of the medical leave benefits paid to employees will be will be taxable for federal and state income tax purposes. This is based on employer contribution amounts. DFML will report the taxable amount on Form 1099-G, which will be issued directly to employees. Medical leave benefits paid to employees of employers with fewer than 25 employees are not taxable. Situation 3. Medical Leave Benefits. As in Situation 2, the $19,200 that State X pays to Employee B as medical leave benefits under the PFML Act provides Employee B with a clearly realized accession to wealth and is included in Employee B’s Federal gross income under § 61 unless an exclusion applies. Unlike in Situation 2, these amounts are excluded from Employee B’s gross income under § 104(a)(3) except to the extent they are attributable to Employer A’s contributions that were not includible in Employee B’s gross income. Also, regardless of taxability, states are not required to report the taxable amount for 2025. (1) For medical leave benefits a State pays to an individual in calendar year 2025, with respect to the portion of the medical leave benefits attributable to employer contributions, (a) a State or an employer is not required to follow the income tax withholding and reporting requirements applicable to third-party sick pay, and (b) consequently, a State or employer will not be liable for any associated penalties under § 6721 for failure to file a correct information return or under § 6722 for failure to furnish a correct payee statement to the payee. https://www.mass.gov/info-details/paid-family-and-medical-leave-pfml-tax-information-for-employers
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