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a month ago
Yes, you can list 0.0001 in the field for the number sold. Keep all of your records should you need them later. The digital asset section will go through many changes due to the required filing of Fo...
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Yes, you can list 0.0001 in the field for the number sold. Keep all of your records should you need them later. The digital asset section will go through many changes due to the required filing of Form 1099-DA that actually begins in 2026.
a month ago
If you're trying to check the status of your refund: TurboTax uses information provided by the IRS. Once the tax return is released to the IRS, TurboTax has no control over it. Things th...
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If you're trying to check the status of your refund: TurboTax uses information provided by the IRS. Once the tax return is released to the IRS, TurboTax has no control over it. Things that can delay a refund: If you want to know the status of your tax return, you should use the IRS Where's My Refund website. You'll need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your return
a month ago
This is a known issue in TurboTax and we are working to resolve it as soon as possible. As soon as we have a resolution for you, we will update you in this Community thread.
a month ago
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a month ago
This is a known issue in TurboTax and we are working to resolve it as soon as possible. As soon as we have a resolution for you, we will update you in this Community thread.
a month ago
@johanna_anderson Is box 2a higher or lower than the total you calculated? ___________________ <<<Other than mis-typing some numbers (it happens)>>> It's most commonly lower due to certai...
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@johanna_anderson Is box 2a higher or lower than the total you calculated? ___________________ <<<Other than mis-typing some numbers (it happens)>>> It's most commonly lower due to certain Premium amortization amounts on 1099-INT forms, box 13. Also (on a 1099-INT) for indicating Accrued Interest you may have paid when buying a bond during 2025. 2a can be higher for certain 1099-OID amounts 2a can also be higher if you had certain K-1 forms entered that have tax-exempt amounts that you forgot to include. ______________
a month ago
TurboTax may show an error if it detects that Box 14a on your 1099-R is greater than Box 1, as this is generally inconsistent. However, if your values are correct and the error persists, the issue co...
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TurboTax may show an error if it detects that Box 14a on your 1099-R is greater than Box 1, as this is generally inconsistent. However, if your values are correct and the error persists, the issue could be a software glitch or data entry mismatch not flagged during earlier checks. You can try these steps: 1. Review the 1099-R entry carefully to ensure Box 14a and Box 1 amounts are accurate and correctly entered. 2. Delete the 1099-R form and re-enter it from scratch. 3. Check for any extra spaces or hidden characters in the amounts entered. 4. Restart TurboTax and attempt transmission again.
a month ago
If your employer included it in box 1 of your W-2, you have three options.
1. You can leave it as taxable income and claim an education credit using the amount that the employer paid since you ar...
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If your employer included it in box 1 of your W-2, you have three options.
1. You can leave it as taxable income and claim an education credit using the amount that the employer paid since you are being taxed on it.
2. You can ask your employer for a corrected W-2
3. You can make an adjustment to your income by backing it out by entering it as a negative number by taking the following steps:
Income
Less Common Income
Miscellaneous Income
Other Reportable Income
Answer Yes to Any Other Taxable Income
Enter the description such non-taxable Scholarship or employer provided assistance income erroneously included in box 1 of W-2
Enter the amount as a negative number.
NOTE: If your employer paid more than $5,250 as employer provided assistance, the amount over that is considered taxable as your employer can only contribute up to $5,250. If this was a TRUE scholarship, then the limit would not apply. A scholarship is free money, that you were not required to work for. If it was tied to employment and you needed to work for it, it would be considered taxable income.
If you remove this from income, you cannot include in your education expenses for an education credit the amount you are removing from income. You will need to enter YES to the employer sponsored assistance question in the 1098-T section and enter the amount you are removing from income.
Also, in order to remove it from income, it would have had to be used for qualified education expenses, not room and board.
a month ago
1 Cheer
There's no further action needed. What you did is correct. The IRS won't think any differently of you if the code remains as "J" or is updated to "P". The end result is the same, no tax or penalty...
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There's no further action needed. What you did is correct. The IRS won't think any differently of you if the code remains as "J" or is updated to "P". The end result is the same, no tax or penalty on the distribution. That is all the IRS cares about. IF (and that's a big IF) the IRS sends a letter to further inquire about the distribution, you can clarify and show your support at that time.
a month ago
Yes, if you selected the MAX Benefits add-on mentioned at the end of the filing process, the audit protection option is included.
a month ago
There are reports of processing delays due to software updates. You can track your refund here: Income Tax Refund Status, and you can contact the NY Department of Revenue here: New York (NY) @Que...
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There are reports of processing delays due to software updates. You can track your refund here: Income Tax Refund Status, and you can contact the NY Department of Revenue here: New York (NY) @Quezada-kelbin [Edited 03/18/2026 09:12 PM PST]
a month ago
Thank you!
a month ago
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a month ago
You have some options to correct this, depending on whether you want to avoid paying the 6% penalty or if you are willing to pay the 6% penalty on your 2025 tax return.
Take a look at the follo...
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You have some options to correct this, depending on whether you want to avoid paying the 6% penalty or if you are willing to pay the 6% penalty on your 2025 tax return.
Take a look at the following TurboTax help article to learn more about the options you can choose:
What if I made an excess Roth IRA contribution because my income is too high?
a month ago
I tried right clicking and chose run as administrator and it blanked out quickly again.
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a month ago
You may contact Customer Support by clicking the link below:
TurboTax Phone Number
a month ago
If you have not completed the rest of your return, or have no income tax (self-employment tax does not count towards income tax for this credit), this may be why the credit is not appearing. The ener...
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If you have not completed the rest of your return, or have no income tax (self-employment tax does not count towards income tax for this credit), this may be why the credit is not appearing. The energy credit is non-refundable, so if you don't have enough income tax being computed, the credit won't be generated.
I have tested the heat pump section of the 5695 input area and it is working as expected and producing the maximum $2,000 when qualified. Double check your answers and make sure you have income tax being shown on your 1040, line 18. You can check this by by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040.
See this article for a summary of the credit amounts available: Energy Efficient Home Improvement Credit (EEHIC)
a month ago
The 1099-B should include a Supplemental information section where it lists the adjusted cost basis for those shares that reflect zero basis on the 1099-B. Depending on the brokerage company, the su...
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The 1099-B should include a Supplemental information section where it lists the adjusted cost basis for those shares that reflect zero basis on the 1099-B. Depending on the brokerage company, the supplemental information may need to be requested or downloaded from your account.
The supplemental information is generally included toward the end of the 1099-B (aka 1099-COMP), review each page carefully and if it's not there, check with the brokerage firm.
a month ago
You may file electronically if you have a 1099R. If you efile, you do not need to mail a copy of your 1099 R because the IRS already has a copy of the same 1099 R that will match yours.
a month ago
It will only allow me to add another investment company but not multiple 1099's.
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