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Turbo tax is ignoring "Section 1256 Option Contracts" at the bottom of import Form 1099-B from Fidelity. I tried to enter it manually but it is very confusing. I went to "Contracts and Straddles". There are 4 options: - Mixed Straddle election - Straddle-by-straddle identification election - Mixed straddle account election - Net Section 1256 contracts loss election   There is no instructions on which one to choose. I picked the last one based on some online post. Now, there are again more 5 options to choose from with no help. I choose "Section 1256 contracts marked to market". I entered Broker, description (enter amount here since my form had amount instead of description), Gain and Losses (#11) and click Done.  Now it asks "Amount to be Carried Back", which I have no idea what it means. These are losses I incurred in 2025 on closed contracts. If I leave it blank, no forms show up in my "Investments and Savings" section It will be so much better if Turbotax could auto import this and we don't have to worry about all these details

If I earned money in another state as an independent contractor doing a one day job, does that count as "making money in another state"?  I am a musician from Massachusetts. I occasionally play a gig in New Hampshire and receive payment that generates a 1099 from that state.  Do I need to file an NH return? ditto for Rhode Island.   Thanks for your help!

I amended my 2024 tax return to change the filing status from married filing separately to married filing jointly through TurboTax. When I submitted the amended federal return, it was almost immediately rejected for these reasons:    What happened: IND-027-02 - If 'PINTypeCd' in the Return Header has the value "Self-Select On-Line" and 'SpouseBirthDt' has a value, then 'SpousePriorYearAGIAmt' or 'SpousePriorYearPIN' or 'SpouseIdentityProtectionPIN' must have a value.   The state return for Missouri was accepted. When logging back in to the platform, I am seeing nowhere that I can go and correct the error. Will the amended return instead need to be mailed instead of e-filed? Please help

Sch K Box 17 Code V has been selected but no Section 199A income has been entered on Statement A error.   I have entered the number in the income section for schedule K-1 but the error kept coming up despite it shows a value. Please help.

Hello,   I have tried to install latest Turbotax 2025 Desktop version on both Win10 and Win11, I can not start, I always run into the following problem. I can confirm I have no internet connection problem, because I can browser internet.  

I thought it was only supposed to use as much as needed to reduce tax owing to zero. It's using almost all and saying I will have a big refund due when I submit my return?? How do I reduce the amounts it's chosen to use so that I can carry forward unused tuition amounts to next year instead? Thanks!

I inherited a trust in AZ when my parents passed. They had cash in the trust. I distributed the cash to my sister and i as stated in the trust. The cash was not income in 2025 it was from the accumliation of income since the trust was made back in 1998.  I was told the cash needs to be reported.  I had to get a new EIN number in 2025 due to the passing early in that year.  How do I report this cash distrubtion.  If I mark it as a distribution it includes the 15K that was income in the trust but only taxes myself and sister on the 15K.  Its asking me since the income is less that the amount distributed i need to prepare a schedule J unless the trust has no previously accumlated income.  Since this is a new EIN number and we inherited the trust do i show the distribution of the cash and not file anthing else?  The K1 shows the 2025 income the trust has and nothing else.   

Michigan out of state exemption allowance   I live in Kentucky and I have a $1207.84 W-2G from Michigan. This is under the exemption limit so I'm not filing for it.  I reported it on my 1040 taxes but TURBO TAXES WILL NOT LET CLOSE OUT MY 1040 AND MY KENTUCKY 740 TAXES BECAUSE IT SEES THE MICHIGAN W-2G.  HOW CAN I CLOSE THESE FROM AND FILE THROUGH TUBRO TAX?