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@baldietax wrote: ...Agree that inputting 1099B details can be a bit tedious or precludes this if high volume - I've had about 50 last year it was fine.... Exactly. I suppose we would both agree that there's a marked difference between 50 transactions and 50 (or more) pages of transactions, not to mention if you have to prepare multiple returns with that high of a volume.   This actually caused a number of long-time HRB users to defect to TurboTax because HRB is not supporting Merrill import for the 2025 tax year.

@skyeye4444 Your passive losses are suspended until either a 1) complete disposition OR 2) you report income from the partnership.  So on a partial sale, where you have to report income, you also get to release passive losses to offset it.

@baldietax wrote: .it should work seamlessly in all cases but here we are 4 weeks from filing and it doesn't... so what to do other than spin in circles with Intuit support. I agree and there are likely few options since we're approaching the deadline and most probably don't want to file for an extension in the (unlikely) hope that the function will operate properly between now and October.

We apologize for this inconvenience, as the question, "If you wish to claim less than the maximum above, enter it here," should say, "Enter the amount you want to deduct." - Therefore, enter the amount that you want to deduct even if it is the same amount as above.    Thank you for choosing TurboTax.

Yes I remember a year I think 2023 where it warned me to review it and I saw I was not eligible and did not apply, I wished that was still the case.   In any case CRA would let me know if eligible or not, I assume given I do not want to deal with later clawbacks.

Thanks to both DianeW777 and CatinaT1 for your help and time.   To back up just a bit, the main point in the post was confusion presented by TT regarding these 2 PINs.  TT does a tremendous job of incorporating tax changes, form updates, and 'walk through' and reviews to ensure your tax return is correct and has maximized on potential return or least amount owed.   But there are areas where TT introduces confusion. One of those areas involves these 2 PINs and Driver License input sheet. And there are other areas - but not in this post.   For PINs: When you get to PIN input; This confusion could be removed by simply adding a sentence or two explaining that this screen is for this specific PIN - DO NOT enter the (other) PIN, it will be entered on a different screen. That other screen will also have a 1 line explanation for the PIN.  A simple statement that specifies what the user needs to enter or verify.   For Driver's License: When federal portion of Tax return is done and TT moves to State, it should simply ask if you need to file for State. If you imported tax file from 2024 return, TT knows you did or did not file state. TT also knows if States have changed filing rules.  If you did not file for state in 2024 TT should present a question asking if you need to file for state, including a statement if that state income tax filing has changed for 2025. If you answer 'No' to the question TT should skip State portion and move to final review.  If you aren't sure, you answer 'Yes' and continue through the following screens.   If you do not need to file, as it is now TT badgers you for State wants input, needs driver license screen filled out and you simply aren't sure why or what this is needed for. ESPECIALLY since, if you filled the Driver license info out last year (even if you did not need to and did not file for state, and imported the 2024 TT file) - why is it not filled in automatically?  - - result = confusion and hesitation.   The hope and reason for this post is that TT experts will review and remove the confusion in these areas. Improve TT. Please remember - the vast majority of users only use TT once a year and certainly aren't tax experts. If we were why would we need TT.   Thanks  

@Pascal Bergeron  Selon le problème que vous rencontrez, c'est différent.   Si c'est un problème relié au formulaire TP-726.7 Déduction pour gains en capital sur biens admissibles, il est encore verrouillé et il devrait être disponible d'ici la fin mars. Nous comprenons les inconvénients que cela peut engendrer, mais ceci est hors de notre contrôle. Nous avons fait le choix de rendre les formulaires disponibles seulement lorsque le processus de certification est complété.   Nous vous remercions de votre patience

I have the same problem. Spent nearly and hour with Turbo tech support.  Empty cache, deleted histories, allowed pop-ups, and more. Nothing worked. Double checked with E*trade Morgan Stanley and ensured the data is available. So far no joy.

@cschoenherr wrote: I was able to import Bank of America by using their name on the import selection. Might have to do with my having different username and passwords for BOA vs Merrill Lynch  I know for a fact that is exactly the same in my case. I have separate usernames and passwords for BOA accounts and Merrill accounts and logging in to one or the other only shows those particular accounts (e.g., I can't see any Merrill accounts when logged into BOA).

@M-MTax I agree with all that - it should work seamlessly in all cases but here we are 4 weeks from filing and it doesn't... so what to do other than spin in circles with Intuit support.  I suspect most people could probably input their 1099s pretty quickly and move on.  Agree that inputting 1099B details can be a bit tedious or precludes this if high volume - I've had about 50 last year it was fine (as a matter of course I don't use import - not worth the hassle, 1099s need adjusting and splitting for bonds anyway, and don't trust the security).

As a clarification to the previous post, I am assuming that ordinary income arises from the fact that the losses were taken against ordinary income, reducing the basis in the PTP holding.  Thus, upon sale of the entire position, the suspended losses would be taken completely as ordinary income. 

Yes that should work.   Launch the 2024 program, let it update,  and see if you can get your 2024 return to open up in it.   Then save it, File-Save.   Then try to transfer it into 2025.   People are having trouble transferring 2024 in Mac.   Several ways to fix it.  A lot of people get it to work by just closing the 2025 program and transferring again.   

Mailed returns always take longer to be processed.   Did you use a mailing service like certified mail so that you are sure the IRS received the return in the mail?    After about three weeks, the return should have been opened and entered into the system so that you can track it on the IRS refund site.    Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr      

All forms are unlocked except for the Quebec form TP-726.7.    If you are using TurboTax Desktop, please update your software.   If you are using TurboTax Do It Yourself (Online), please clear your browser cache (or use a different browser) and try again.     

@kristinekelley wrote: Thanks I'll give them a call. Can you share if you're using online or desktop? Yes, I ran tests with desktop (H&B) on several accounts which were all family members. I ran into absolutely zero issues once Intuit added Merrill to the import list.   I suspect, but am in no way certain, that Merrill may have something to do with the issue. I believe that they have accounts that are strictly advisor-based and don't appear in an app (e.g., Merrill Lynch v Merrill Edge) unless that is requested. I and all of my family members have requested access via the Edge app which incorporates all accounts, whether advisor-based or self-directed.