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Hi,  I am preparing 2025 tax using turbotax Premium.  I ran into the same question.  Shcedule D line #7 is for short term capital gain. Schedule D line #15 is for long term capital gain.  Schedule D line #16 is for the sum of line #7 short term capital gain and line #15 long term capital gain.  Then it moves the sum on line #16 to form 1040 line 7a. I don't see where it calculates different rate for short term and long term gain. Please tell which form I can find turboTax using different tax rate for short term and long term capital gain. Thanks, Judy

@ clcjl wrote: Just to clarify, the error message popped up just when I entered the key, no download link showed yet.  Oh, that's one difference.  Something must have changed in the download procurement method from tax year 2020 to tax year 2021.   When I did the test download of 2020, it didn't ask for the license key at that point for me to get the installation file; it simply had a download link.  Based on your image, apparently in 2021 they must have asked for the license key just to get the 2021 download.  So I don't know if you will be able to get it that way or not.  I don't know if it's a technical issue or whether they are not providing it by that method anymore.   In any case, I still had 2021 installed, but it was not activated.  I launched it, and initially it asked for a license key.  So I entered the 2021 license key, and it did still activate and became usable.     Have you rebooted your modem, router, computer lately?  That's always something to try.  And, of course, be sure you are entering the correct year's license code.  You've probably already checked that.   You can talk to TurboTax Support, if you wish, and see if they would push the 2021 download file to you.  I don't know what you would encounter, but they might just say they don't support 2021 anymore. https://ttlc.intuit.com/turbotax-support/en-us/contact/

If you did not sell it, delete that sale entry - it should be entered in another section.   Can you clarify what kind of tax form you received?      According to the IRS, airdrops (along with promos and staking rewards) only become taxable once the taxpayer acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency.   Airdropped currency that isn't yet usable or accessible isn't taxable until the taxpayer can exercise control over it.   If you can access your crypto airdrop, use the instructions in the link below to enter it in TurboTax.       How do I report crypto promo assets?   These instructions will say to enter in Other Reportable Income.   However, if you have a 1099-Misc, delete the entry you already made and enter you 1099-Misc, enter it and answer the follow up questions as they are below:    Where do I enter a 1099-MISC?   After you enter the reason for the 1099-Misc, mark None of the above on the next screen (uncommon situations). Answer Did the refund involve work that's like your main job?  NO Answer How often did you get income for refund?  You got it in 2025 only Answer Did the refund involve an intent to earn money?  NO   This will report the box 3 amount as Other Income on Line 8 of Form 1040 without generating a schedule C.   

    Re: I need a 2025 1040X form   It could be.  Are you in the same account?  Desktop or online?  Was it definitely accepted and not rejected?  If you are using the same account or the same file on the desktop program and it is telling you that you have to mail it, at this point you will need to mail your return and include the 1099R.  This reply is from Vanessa, an TurboTax expert employee if you did not see it.

If your Computershare 1099-B lacks a control number in TurboTax, you can leave the field blank and proceed, or manually enter the data if the prompt forces a value. The control number is not required by the IRS and is only used for automated import, so opting to manually enter your 1099-B summary data is the best workaround.   @g1en1es1ie 

IRS Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, is used to report gifts exceeding the annual exclusion to any one person in a calendar year. For 2025, this threshold is $19,000.  For more information see the following TurboTax article:   The Gift Tax Made Simple

If you are referring to Form 1099-NEC, and you have an amount on Box 7 for State Income.  As long as you have nothing on Box 5 for State Tax Withheld, then you can leave boxes 5, 6, and 7 blank.       If you are referring to a different form, let us know and we can give you specific information for that specific form.  

The correct answer was to delete the 1099s. I would recommend deleting them entirely from the documents section as well before reimporting. My taxes are done and I see 5 copies of some 1099s some with 3 copies and some with 1 copy. The other problem in the review section is if you have multiple accounts the names of the 1099s are all the same in the review section. The documents section shows 4 digits of the account for differentiation if you have multiple accounts. It would be helpful if the review section had the same identifier. 

To enter Section 1256  Contracts and Straddles:   Navigate to Wages & Income Scroll down to "Less Common Investments and Savings" Click on the down arrow to expand Next to "Contracts and Straddles" select "Start" Answer "Yes" to "Any Straddles or Section 1256 Contracts?" On the next screen, it is highly unlikely that you need to make any elections, so just click "Continue" On the screen with "Contracts and Straddles", more than likely you only need to select Section 1256 contracts...  You may want to read the IRS instructions for Form 6781, Gains and Losses from Section 1256 Contracts and Straddles Select "I'll report the totals from each broker or account. Enter the information to report your your profits and losses from your Section 1256 Options transactions.  

No, the IRS allows for penalty-free retirement withdrawals starting at 59½; once you pass that age, you can access your IRA or 401(k) funds for any reason without the additional 10% tax.    However, keep in mind that while the penalty is gone, the withdrawal is still considered taxable income. You will owe regular federal (and potentially state) income tax on the amount you took out, which will be added to your wages from your job.

The IRS will say that an investment cost basis cannot be negative.  That is why you are prevented from electronic filing.   Are you referring to a negative cost basis reported on an investment on an IRS form 1099-B or the IRS Schedule 8949?   This IRS website states:    A shareholder's stock basis is decreased, but not below zero...   If so, you may have to report a zero cost basis or re-construct the cost basis from your personal records.   [Edited 03/22/2026 | 5:38 AM PST] @vrubright