All Posts

If Social Security is your only income you are not required to file a tax return unless you have a 1095A for marketplace health insurance.    If you do have a 1095A, you will not be able to use the Free Edition of TurboTax.   -Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/  

If you've received a 1099-B or 1099-DA with duplicate income, be aware that the IRS will be expecting to see the gain/loss information from both forms (they've received as matching copies) reported on your individual income tax return - and you may need to request a corrected 1099 from one of your investment brokerages to prevent automated notices sent from the agency to you.    Are you sure that proceeds from crypto / digital asset sales are reported on Form 1099-B? 1099-DA is standard as of this year. Make sure you're not mixing up unrelated transactions that both need to be reported separately - check the Asset Description and Payer's Name on Form 1099-B compared with the Name of digital asset and Filer's Name on Form 1099-DA.    You can manually update your 1099-DA cost basis details in TurboTax Desktop by following these navigational steps: Federal Wages & Income Select I'll choose what I work on Investment Income Select Update next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Select the 1099-DA you imported Select Edit Proceed through the question screens to update your 1099-DA info for accuracy. See also: IRS Instructions for Form 1099-B (2025) Proceeds From Broker and Barter Exchange Transactions IRS Instructions for Form 1099-DA (2025) Digital Asset Proceeds From Broker Transactions

@PatriciaV I've since learned that the 30% problem is only in Part VI (solar installs with construction beginning prior to 2025). Part V (for 2025 construction) is calculating 30%, but is incorrectly requiring Form 7220.

Once your return is accepted for processing by the IRS and/or state, we have no control over your return.    You should track your refund directly from the IRS and/or Department of Revenue’s Website. These websites have the most accurate and up to date information. They get updated once a day.    To track your Federal Refund  Where's my Refund   To track your State Refund  How do I track my state's refund?  

You can return the online version you purchased and then buy the desktop version.  Normally you have 60 days to return the software, and you would have to return it where you purchased it.     @michaelyee 

If you would like to pay by check, you first have to be sure the IRS hasn't already charged ‌your account. If you are sure that the IRS hasn't paid you, open the link below to see the instructions on how to get paid: How can I pay my federal taxes?  

@ValdekoNovek First, please make sure that you have purchased the right product. The codes for TurboTax Do It Yourself (Online) will not work with TurboTax Desktop & vice-versa.   Second, if you bought TurboTax at a retailer (Costco, Walmart, Staples, etc…), please make sure that you are using the code that came in the package. It may be on a slip of paper or on a scratch-off card. It is not on the outside of the box or on your receipt.   If you have bought TurboTax Do It Yourself (Online), please go to turbotax.ca/activate to use your code before you start your returns. You can see this TurboTax FAQ for step-by-step instructions: In TurboTax Do It Yourself (Online), how do I use a prepayment code? Please note that you can only use the code once in one account. Using the code again will give an error message.   If you have bought TurboTax Desktop, you will be asked for the licence code when you install the software. Please see this TurboTax FAQ for more information on the licence code: Where is my TurboTax licence code? You can download the current version of TurboTax Desktop edition here: Choose the current TurboTax Desktop edition you need (for Windows). You can download older versions of TurboTax Desktop edition here: Where can I download the Desktop edition of TurboTax?   If you are still not able to resolve your code issue, please contact our phone support team phone support team for more assistance.  

So, @DianeW777 and @DaveF1006, how does TurboTax incorrectly calculate interest on my U.S. Government obligations for my Maryland part-year resident return? The process starts innocently enough. After entering a 1099-Div in the federal program, the following prompt appears: Followed by this prompt. To respond to it, I multiplied the total dividends paid on a specific mutual funds by the percentage reported on the fund sponsor's "U.S. government obligations income information" document: So far, so good. (More . . . )  

Checked Schedule A and the the amount in excess of 7.5% of AGI is $2,834.00, but again, this doesn't make any difference to our tax (refund). Just for kicks, I played with the amount from medical bills and even $5,834.00 (obviously, I am not going to use this number but the true figure based on unreimburesed medical bills) in excess of the 7.5% makes absolutely no difference.  So, I guess the IRS deems our family (12% tax-bracket) "affluent" and it is better to work 2-3 jobs at minimum wage (and, I realize many many families are in that situation which is sad) and fall seriously ill.