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The response says to "Report this as a short-term sale", but TurboTax Premier Desktop 2025 only has "When did you receive this investment". If I answer the correct date (under "On one date"), then it... See more...
The response says to "Report this as a short-term sale", but TurboTax Premier Desktop 2025 only has "When did you receive this investment". If I answer the correct date (under "On one date"), then it computes this as a long-term capital loss, which is incorrect AFAIK.  Should I answer "Something other than a date"?
When a browser window opens in the Import interview to Sign In to your financial account, try allowing your LAN settings for their URL.   Remember that the IRS already has copies of your 1099's s... See more...
When a browser window opens in the Import interview to Sign In to your financial account, try allowing your LAN settings for their URL.   Remember that the IRS already has copies of your 1099's so a Category Summary is all that's required.     @pdcplanner     
Can you tell us the exact error message that you're seeing?  
If the 1099-MISC form is missing a state ID, you can use the payer's EIN, found in the Tax Payer's TIN section, and enter it into Box 17 to continue.  
It happens if you switch from disability benefit to age based benefit or if you switch from spousal benefit to collecting benefit on your own earnings.
I see that line 14 on the Home Sale Worksheet is unanswered and TurboTax 2025 Premier will not let me click on either Yes or No. This is the question about using the house for 2 of the last 5 years. ... See more...
I see that line 14 on the Home Sale Worksheet is unanswered and TurboTax 2025 Premier will not let me click on either Yes or No. This is the question about using the house for 2 of the last 5 years. We have lived in the house for 20 years. All of the other entries are there on the worksheet through line 17. This must be an auto-calculated field because I never saw a question asking about it. What do I do now?
Confirm the presence of Schedules K-1 using Forms Mode:   Open your return and click the Forms icon in the TurboTax header.  In the list of Forms in My Return on the left, scroll down and l... See more...
Confirm the presence of Schedules K-1 using Forms Mode:   Open your return and click the Forms icon in the TurboTax header.  In the list of Forms in My Return on the left, scroll down and look for Schedule K-1 (Beneficiary Name).  Click the form name to open it in the large window.  Use the Print button at the bottom of the open form to print/save the K-1 as a PDF. Open the Information Worksheet at the top of the list. Under Part IV, be sure there is a check in the Yes box for K-1 Print Options. Click Step-by-Step in the header to return to the main screens. If you have no K-1s in the forms list, return to the main screens and go to General Info >> Beneficiary Information. Review/Edit each beneficiary to be sure there are no errors. If the list is empty, add the trust beneficiaries.
You can upload the 1099-DA into TurboTax and then add the missing transactions manually. The IRS requires tax reporting of all income sources, whether they were reported on a 1099/W-2, or not. Adding... See more...
You can upload the 1099-DA into TurboTax and then add the missing transactions manually. The IRS requires tax reporting of all income sources, whether they were reported on a 1099/W-2, or not. Adding more in gross income than what they've received on their matching copies, shouldn't trigger an automated underreporter notice. FAQ instructions to enter 1099-DA transactions for your TurboTax platform: TurboTax Online Go to the investment income screen under Wages & Income. On the Did you have investment income in 2025? screen, select Yes. Select + Add investments if you've already added some investment info. On the Let's import your tax info screen, select Enter a different way, Cryptocurrency, and then Continue. Follow the instructions to upload your crypto info. TurboTax Desktop Entering your crypto CSV is only available in TurboTax Desktop Premier and TurboTax Desktop Home & Business. You can import it directly, upload a gain/loss PDF, or upload a CSV of transactions. Select File. Select Import. Select Upload crypto sales. Follow the instructions to upload your crypto info. After uploading, you can follow these same steps, but instead of selecting Upload on the last step, select the option at the bottom, Type it in myself.    Learn more: IRS - Digital assets
Instructions are to combine the amounts in box 5 and report that total in turbotax
I am helping my granddaughter with her taxes for 2025.  She studied aboard the first 6 months of 2025 and then return and studied in the US for the last half of 2025.  Neither of her parents claim he... See more...
I am helping my granddaughter with her taxes for 2025.  She studied aboard the first 6 months of 2025 and then return and studied in the US for the last half of 2025.  Neither of her parents claim her as a dependent.  She had W-2 earnings of $1290 but did not have any federal or local taxes withheld so there is no refund to claim on this.  (She is a Nebraska resident).  She had less than $40 of interest and dividends.  She did receive a 2025 Substitute Form 1098-T that reflects $23,619.38 in Box 1 (payments for qualified tuition and related expenses) and $10,767.00 for Box 5 (for scholarships and grants).  She was a full-time student.  She also received Form 1095-B - Health Coverage.   She did receive a small refund in 2024 for taxes that were withheld per her W-2's.  Is there any need to file a return for 2025.  Since she had nothing withheld, I assume there are not educational credits that would be available to her.  Thanks so much for your help.
When using step by step if you choose the Federal Filing option choose "I will pay by check". This will allow you to file the Federal Return electronically without the $45 "special fee". The dialog... See more...
When using step by step if you choose the Federal Filing option choose "I will pay by check". This will allow you to file the Federal Return electronically without the $45 "special fee". The dialog does not tell you what the special fee is for. Are they "lending you money"? No explanation is given. I went back to the beginning of the dialogues and selected "Pay by Check". When you save your return via a PDF the Payment Voucher page is included. You file electronically now and pay via the USPS mail before April 15th via the US Postal Service.
I have been on hold for hours with TurboTax.  No solution so far.  TXF appears to be an old file format that hasn't changed in years.  I don't understand how it is acceptable to state you support cry... See more...
I have been on hold for hours with TurboTax.  No solution so far.  TXF appears to be an old file format that hasn't changed in years.  I don't understand how it is acceptable to state you support cryptocurrency when the software flat out doesn't work.  Seems Intuit hasn't even tested their software.    I figured out a way to mark Yes for all Transactions by editing the main form as shown in the screenshot below.   But I still have the other problem where TurboTax requires me to enter 'Name of Digital Asset'.  When I do this, the application then overwrites the 'Property Description' with the same value I entered for Name of Digital Asset.  This is UNACCEPTABLE.          
You can indicate that it is a stock sale.  That will have no impact on your tax return.  It only affects the questions and drop down menu choices in the interview.  So, indicating "Stock" will work. ... See more...
You can indicate that it is a stock sale.  That will have no impact on your tax return.  It only affects the questions and drop down menu choices in the interview.  So, indicating "Stock" will work.  Also, on the screen with "OK, let's start with one investment type" you can select "Other".  Then, when you get to the page where you enter your sales information you will have additional choices for "What type of investment did you sell?"  You can select "Other". Either way, the results will be the same.  
My mother passed away 2025. Her income was less than required minimum15,750 for 2025. She and I were co-owners of a checking account where her social security check was deposited. We live in MD. Afte... See more...
My mother passed away 2025. Her income was less than required minimum15,750 for 2025. She and I were co-owners of a checking account where her social security check was deposited. We live in MD. After her passing, this checking account was closed. Should this cash 'inheritance' (?) be filed under me? There has been no interest incurred or investment made on this money.
The $123 here is your calculated tax for 2025 (I believe I misread the screen the first time.)  If that's the same as the number on your 1099-G it's a coincidence. (An odd one, though!)  If the $... See more...
The $123 here is your calculated tax for 2025 (I believe I misread the screen the first time.)  If that's the same as the number on your 1099-G it's a coincidence. (An odd one, though!)  If the $123 were income, it would be federal income.  Here this is the summary of your overall tax due to your state ($123) and then it shows your payments of $162.  Your refund is correctly the difference between those two numbers. 
To indicate that you have taken your full RMD amount, after you have checked the "I transferred all or part of this money directly to charity" in the prior screen, the next screen will be, "Let's get... See more...
To indicate that you have taken your full RMD amount, after you have checked the "I transferred all or part of this money directly to charity" in the prior screen, the next screen will be, "Let's get more information about your...(RMD)".   In this box, you should indicate only the amount that was the RMD amount (no extras).   In the next section, "How much of this distribution applied to your December 31, 2025 RMD?", indicate the amount you used above by selecting, "Some of this distribution applied...".   Ensure that the two amounts above are equal and are only your RMD.   The next screen will ask how much of your distribution went directly to charity. Here, you enter your charitable contributions.   This should clear your RMD notices.
1. Yes, after entering all the information in the 2024 amended return you will see how much tax is due. You can pay this with the IRS website (best way), where you can select the year, or you can sel... See more...
1. Yes, after entering all the information in the 2024 amended return you will see how much tax is due. You can pay this with the IRS website (best way), where you can select the year, or you can select within TurboTax to have the tax due withheld from your account. If the IRS charges any interest or fees they will mail you a notice after they processed your amended return and you can pay this on the IRS website.   2. Yes, you can amend 2024 now to add the 6% penalty. And you should pay the tax due as soon as possible.
Hi All, I'm having issues with TurboTax desktop for 2025 return year. There are several issues: 1. I connect to the institution and it finds documents, but when I click import nothing happens. 2. I... See more...
Hi All, I'm having issues with TurboTax desktop for 2025 return year. There are several issues: 1. I connect to the institution and it finds documents, but when I click import nothing happens. 2. I try to import again after restarting the app, but this time I only select institution and click on Continue. The app crashes even before I can import anything. 3. It allows to import documents, but crashes afterwards. If I restart the app and try to view imported documents it crashes right after I click on a View button.   I've bought TurboTax about a month ago. There were many updates already install, but it didn't resolve these issues. I've been using TurboTax for many years, but this is the first time it's that bad. 
Either your college student doesn't actually qualify as YOUR dependent or you've answered something wrong in the interview.   Two possibilities immediately come to mind based on the wording of your... See more...
Either your college student doesn't actually qualify as YOUR dependent or you've answered something wrong in the interview.   Two possibilities immediately come to mind based on the wording of your question.  The student is not your child and may not meet the relationship test. You are the non custodial parent and are not entitled to claim the student. See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Return/INF12139.html   For more specific help, reply back with how you answered each question in the interview. 
Form 1099-NEC is used to report Nonemployee Compensation, this income is considered self-employment.  If your son is doing this work with the intend to make a profit then report this as self-employme... See more...
Form 1099-NEC is used to report Nonemployee Compensation, this income is considered self-employment.  If your son is doing this work with the intend to make a profit then report this as self-employment income on Schedule C.  This way he can claim any expenses that were related to this income.  The Schedule C, will show your son's name not the name of the company that paid him will not show up on the Schedule C, but it will be reported when you enter the 1099-NEC.     If he does this work with no intention of making a profit. In this case he would not have to pay self employment income but he could not claim any expenses.    To report 1099-NEC hobby income in TurboTax:   Enter it under Wages & Income Go to Less Common Income Under Miscellaneous Income go to Hobby income and Expenses Select that the income is from a "sporadic activity or hobby" to avoid self-employment tax This would report this on Schedule 1, Line 8, rather than Schedule C.  Business v. Hobby @poncho_mike