All Posts

You appear to be using Online TurboTax.  Online TurboTax saves your return after every screen.  You can come and go.  The best way to exit is to go to the left menu column and scroll way down to the tab Sign Out.    But even if you were close your browser, your return should be saved.

Thank you so much. One caveat is that I also have to choose whether I earned income like this prior or intend to in the future.  I unchecked the boxes for intent and that allowed the question re: whether I earned it with intent to show up.

If you are having trouble with TurboTax or don't want to use its extension process, you can rather easily file an extension request electronically at the IRS website a couple of ways.   You can go to https://www.irs.gov/payments   and after choosing a method, you can indicate that you are paying your expected taxes due toward a 2025 Form 1040, and for reason choose "extension", and you can pay directly from your bank account (or by debit/credit card.) Choose the correct tax year.  When finished, print out your confirmation and save in your records. Or if you have an online IRS account, you can sign into your online account at the IRS and then go to the payments section to pay your expected taxes due.   Again, you will be presented a form where you can choose you're paying toward your 2025 Form 1040 and "extension" as the reason for the payment.   NOTE:  There is no fee for the above if you pay directly from your bank account.  There are fees for credit and debit cards.  The credit card fee can be hefty if your tax payment is large, so be careful.  The debit card fee may be more reasonable, but check all that out if you plan to pay by card.

The IRS asks for 2024 AGI to verify the return.  Since there are 2 taxpayers on a joint return, it will ask for the 2024 AGI for the primary taxpayer and the 2024 AGI for the secondary taxpayer (spouse.)   If you filed as "married filing jointly" in 2024, then you both have the same total AGI that is shown on the 2024 Form 1040, Line 11.   So each of you would use the 2024 total AGI on your return.   Or did you already efile and got an efile rejection?    If so, please provide the exact rejection error code and message.  If you haven't yet efiled, then you can disregard this last paragraph.

Hi Vanessa, Selecting short-term did not work. It still does not give rid of the error. Below is an updated screenshot. Even after selecting the sales selection as "short-term" it does not resolve the error. These were downloaded directly from the brokerage. I downloaded the pdf today and it had the following additional piece of information... Noncovered Securities with Undetermined Holding Period # (Consider Box 5 (Noncovered Security) as being checked and Box 12 (Basis Reported to IRS) as not being checked for this section. These transactions should be reported on Form 8949 Part I or Part II with box C or E checked.)