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All the ways explained above do work and transfer the adjustment to the Federal Sch B correctly.  The issue is that this correct amount is not transferred to the NJ Int/Div Worksheet to apply the adjustment and decrease the interest on the NJ 1040 correctly.  This error only occurs if Box 11 on the Broker 1099 has anything in it.   The way I worked around this was to leave the original Broker 1099 as downloaded or entered without any adjustment for the Accrued Int.  I then decrease Box 1 to the same amount in Box 11 (Bond Premium).    The balance left from the original number in Box 1 minus the new amount in Box 1 is then put on a new 1099, in Box 1.  I then make the Accrued Interest Adjustment at the bottom of the new 1099 by checking the box Accrued Interest and putting the amount of Accrued Interest in the box below the check.   This creates the same correct amounts on the federal forms, and transfers the correct adjustment amount to the NJ Int/Div Worksheet.   Hope this helps!  

"Did you contribute more to a Roth IRA than was allowed in 2024 or any previous year?"   The answer that TurboTax is looking for is No.  This is one of many poorly worded questions in the retirement section of TurboTax.  TurboTax is actually asking if you carried any unresolved excess from 2024 into 2025.

Continuing from subject line - the agent's response was that it did not look like the return was rejected - but then referred me to send the note to the group.  Since we have verified and confirmed both the AGI number and the PIN number, unless you know what the e-file numbers in the IRS data base are, then the only option that I have is to print and file our tax return by mail.  Please let me know if you agree.  Thank you. L Zorr

@jessicajude , as I see it, no loan offset distribution occurred because your husband was only away from the company for 6 weeks, so no distribution was made that was eligible for rollover.  With no offset distribution having occurred, your husband was still responsible for making payments on the loan.  Once your husband had resumed working there, no offset distribution was possible at that point.  Because the payments did not resume before the loan was declared to be in default, the outstanding loan balance became a taxable deemed distribution, not an offset distribution, reported with code L in box 7 of the Form 1099-R.   A deemed distribution does not satisfy the loan, so the loan must still be repaid.  However, repayments of the amount treated as a deemed distribution become after-tax basis in the plan, so this money will not get taxed twice.  The deemed distribution just pulls this taxable income forward into the year of the deemed distribution whereas if the deemed distribution had not occurred then this amount would be taxable in the future when distributions eventually begin and are not rolled over to another traditional retirement account.   I see no option but to include the distribution in taxable income and pay the increase in tax liaibility.

Thanks.  I am buying a book of insurance business and paying 50% in 2025 and 50% in 2026.   The seller, my partner, is doing both a 8594 and 6252.  Do I need to do a 6252 as a buyer?  Why do I have to file a 1040X when there are no changes? I am confused on that part.   I figure I will just print out the TurboTax and then attach forms to it.  My main concern is I have put the 50% of purchase price (2025) in as commission paid as I don't see anything else to put it to get a proper cost.  Do you know if there is another place to put it?   Kent

Oh that worries me because I will be filing MI 4884 soon. For comparison you could use the Michigan Department of Treasury websites " 2025 Retirement and Pension Estimator" as a double check. You don't have to put in your actual birthday but you want the birth year correct. In my case it matches turbo tax. If yours matches turbo tax that would be good backup to have if the letter gives you a way to respond to their change.  

Hello! I'm using desktop so the online doesn't apply, but thank you! I should've been clearer.   However, I did find a work around by just going to File and clicking print. I first chose preview to see if the cover sheets were there and they were. I chose "all worksheets" and then just printed the first two pages. So still not printable within the Turbotax program,  but this worked! 🙂 . 

The 1099-HC is the Massachusetts state health insurance form.  You will be asked if you had coverage in the state section.  If you do not have a 1095-A, do not complete that section.  See What is Form 1095-A: Health Insurance Marketplace Statement.