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To the person who posted that they've been using Premier since 2015 to support Schedule D: You're mistaken. I've only ever used Deluxe and it has always supported my Schedule D needs, including sales of stock. This is the first time I've ever been told I need to upgrade.   It is DISHONEST and DECEITFUL of TurboTax to incorporate this message in the program as they're doing.

The Ponzi Scheme section of Form 4684 is not available in TurboTax.  TurboTax does not support tax losses from investment fraud. We recommend consulting a tax professional if you've experienced this situation. This would be Section C, form 4684. IRS Form 4684 The IRS provides two items of guidance to help taxpayers who are victims of losses from Ponzi-type investment schemes. Revenue Ruling 2009-9 provides guidance on determining the amount and timing of losses from these schemes, which is difficult and dependent on the prospect of recovering the lost money (which may not become known for several years).   Revenue Procedure 2009-20 simplifies compliance for taxpayers by providing a safe-harbor means of determining the year in  which the loss is deemed to occur and a simplified means of computing the amount of the loss. FAQs Related to Ponzi Scenarios for Claw back Treatment

I created a return to emulate your issue. Income in the phaseout range. No deduction. I went to the IRS website and looked at the calculation for the car loan interest on Sch 1-A. The numbers flow through lines 22-29. The last line shows to subtract the disqualified amount from the amount paid. In my case, and I bet in yours, the disqualified amount is larger than the amount paid so there is no deduction allowed. Next year, you will have paid more interest and be above the disqualified amount. Give me a minute to upload the worksheet. You can compare it to your Sch 1-A to see the flow.

In TurboTax Online, you may be able to Switch Products or Clear and Start Over.   Switch Products or Clear and Start Over may be found in the lower left hand corner of the screen if it is available to you.  See also this TurboTax Help.   As long as you:   have not submitted payment,  deducted the TurboTax fee from your refund, or  registered your product,  you may erase your return and start from scratch in TurboTax Online. If you have done any of these things, you will need to manually edit your return.   The Free product may be found here.  

Few thoughts on your last couple of comments, hope this helps -   1. Not sure about how to handle CA and can't speak to the taxability - but you can probably find some old threads from last year, here's one from someone who said they handled it through an adjustments worksheet for CA (and someone in NY who gave up due to the e-file issue) https://ttlc.intuit.com/community/taxes/discussion/accrued-market-discount-on-treasury-bond/00/3463770   2. I'm doubtful that the AMD is included by E-Trade in 1099-INT, I'd be interested to see if you have an example of one?  I had a low coupon T-Note on ETrade back in 2024 which reported about $800 in AMD on 1099-B and $15 on 1099-INT.  T-Bills are different tho as they are called out specifically in the tax code (see Publication 550) as short term instruments treated as interest - not sure what ETrade does but Merrill does not show T-Bills on 1099-B and just reports them as interest on 1099-INT; other brokers may show them on 1099-B also.  So you may see different reporting depending whether it's a Bill or Note.   3. Selling close to maturity will likely not turn AMD into G/L, really the only way to avoid this whole AMD situation is avoid low coupon / discounted bonds, and stick to higher coupon T-Notes where available.   Once you buy a bond at a discount, that discounted cost price is accruing daily to par at maturity.  On whatever date you redeem the bond, it will have accreted to a certain price (calculated by the broker) which gives you a certain amount of AMD at that point, and any "gain" up to that amount is treated as ordinary income, and you may recognize a capital gain if the market price is higher than that accreted price.  This could happen for example if there is a very large move in rates earlier in the life of your holding.   The G/L calc is handled on Form 8949 - the smaller of the AMD and proceeds-minus-cost, is treated as ordinary income.  So say you buy $10k par of a bond at 90 and sell at a point close to maturity when the accrued cost is say 99.5 i.e. AMD is $950.  If you sell at 99.6 you will have ordinary income of $950 and G/L of $10.  If you sell at 99.4 you will have ordinary income of $940 and G/L of $0.  At maturity by definition the AMD will be $1000, entirely ordinary income and G/L of $0.  

@rhugg3Being in NJ, I completely understand your situation. We've dealt with it in the past, and apparently the issue has still not been resolved. I am glad you worked through it successfully - what stinks is that you need to keep it in mind year to year going forward.   Here is the prior thread, specifically about the NJ issue, which I posted 2 years ago: https://ttlc.intuit.com/community/taxes/discussion/1099-int-accrued-interest-not-flowing-to-nj-state-return/00/3221725   "Through trial and error and reviewing the 1099-INTs, I narrowed it down that if Box 11 (bond premium) or Box 13 (bond premium on tax exempt bond) is filled in, then the accrued interest adjustment doesn't flow to the state return. If I remove the Box11 and Box 13 entries on the 1099-INTs which have it, then the accrued interest adjustment does flow to the state return as expected and the Federal and State interest totals again match."

To bypass the TurboTax multi-use consent screen without opting in, look for Decline or No Thanks buttons on the screen. or you can simply skip the step if prompted to sign. If forced, you can often enter your name and date, then click "Decline" to reject marketing sharing while still filing.   If the screen seems to be frozen or you can not see an option to opt out, try using a different web browser, clearing your cache/cookies, or using incognito mode.  Click here for How to clear your cache. Click here for How do I delete cookies?    If the screen requires a name and date, fill them in, but select the "Decline" option.    If this does not help you can contact TurboTax Customer Service using this link: Turbo Tax Customer Service   You are not required to sign this it is voluntary.    Click here for How does Intuit protect my data

I am using Windows and accessing Turbotax online.  Again, this article which was updated earlier this year leads me to believe the workaround is to enter the W2 with a blank Box 1.  https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-w-2/qualified-medicaid-waiver-payments-w-2-show-earned/L1XZa89dh_US_en_US   According to this post the issue is related to the new W-2 Box 12 code II introduced in 2025.  https://ttlc.intuit.com/community/after-you-file/discussion/how-do-i-enter-my-tax-exempt-medicaid-waiver-payments-from-ihss-in-turbotax-home-and-business-2020/00/3312469   This person appears to have the same issue. https://ttlc.intuit.com/community/taxes/discussion/re-w2-with-box-1-empty-can-t-e-file/01/3592166/highlight/true#M1326965  

Here are the steps to delete your Form 1099-MISC:   Open your return. Go to Tax Home Select Tax Tools in the left menu Click on Tools A pop-up will come out called Tool Center Select Delete a form Select Delete next to the Form 1099-MISC that you want to delete   How do I delete a tax return that was created in TurboTax Desktop for Windows? How do I view and delete forms in TurboTax Online?