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 I have 1702 Net Investment Income   Tax should be 1702 * 0.038 = 64.6 = rounded to 65   but I get 58   Explanation from your AI:  The correct amount subject to the 3.8% tax is $1,702, which matches your taxable interest income. The tax software calculated $58 as the Net Investment Income Tax, which is slightly less than 3.8% of $1,702, likely due to rounding or other minor adjustments.

Hello,   I traded options (calls and puts) last year and Fidelity reported some of them on 1099-B as negative Proceed and zero Cost Basis. No wash sales or other adjustment code.   When I auto-imported from Fidelity into TurboTax (using Premier Desktop), it separated those negative proceed and listed them individually on 8949 (without any adjustment code) while other more regular transactions (positive proceed and positive cost basis) were combined/summarized on 1a Schedule D, which is what I typically do previous years.   As a test, I removed the auto-import from Fidelity and try manually. I tried entering a summary/total number (combined short-term covered transactions, i.e. "Box A checked") with negative Proceed, TurboTax automatically added it into form 8949 with the BrokerName and "See attached statement" (meaning I have to mail physical copy of Fidelity 1099-B after e-filing) instead of using Line 1a Schedule D.   However, if I entered a positive total/summary number (as a test, using Form mode), TurboTax transferred that number into Line 1a of Schedule D, as expected. The worksheet says "BYPASS8949"   My question is why when it's a negative proceed, TurboTax automatically uses form 8949 (it either listed individual transactions even without any adjustment/code or if summary says "See attached statement").   Why can't I enter a negative proceed in the summary (Line 1a Schedule D)?   Maybe something I'm missing. Anyone knows?   Thanks

Hi, My husband receive a 1099-misc when he broke his leg at work. Turbo Tax keeps asking me for the reason. Do I just put broken leg? I don't know how to answer it as none of their options apply. Any help anyone could give me would be greatly appreciated. Thank you for your time.