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To change the answer to question 7(a) on Schedule B, you will need to go back to the Foreign Accounts area in TurboTax and go through the questions again.   In TurboTax Online, go to Income>Less Common Investments and Savings>1099-OID, Foreign Accounts.   In TurboTax Desktop, go to Personal Income>Interest and Dividends>1099-OID, Foreign Accounts.   You will see the question: Was the total value of your foreign accounts more than $10,000 at any time during 2025? Answering No here will  indicate on question 7(a) on Schedule B that you are not required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).   Here is a TurboTax article on FBAR compliance for more information.

If your return is rejected because of the 1095-A: The IRS database thinks that you or a member of your household has, or has had a Marketplace policy.   You should Confirm that you and no one else got a 1095-A You can use the phone number listed by state at  The Health Insurance Marketplace. If you're sure you don't have a 1095-A you can use these steps to clear it. Select Tax Tools On the drop-down select Tools There will be 2 green boxes Select Topics Search Type 1095-A The question will come up Did you receive Form 1095-A for your health insurance plan? Answer Yes Continue to the form Delete it using the trash can Repeat the process When you get to Did you receive Form 1095-A for your health insurance plan? Answer No

The deduction is automatically calculated by TurboTax if you qualify. The calculation will appear on Schedule 1-A page 2, Part V Enhanced Deduction for Seniors, which is then carried to your Form 1040 line 13b.    The maximum deduction is $6,000 for each person 65. There is a phaseout of the deduction once your income (MAGI) exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). On a joint return the phaseout is calculated separately for each person.   On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. This deduction is intended to provide tax relief for seniors and is in addition to the existing Standard Deduction or your Itemized Deductions. Expires December 31, 2028.

@Matilda wrote: So I need to split the mutual fund into separate entries.  One for the original inherited shares, then one for each of the times they reinvested and bought more shares for me.  (every time the basis is different) That is correct and it can get complicated or a lot of work and there is really no simple way to handle a situation such as your situation.   Brokerage firms will make the adjustment (if they know) upon death (i.e., marked to FMV on the date of death) and then the shares renivested (which are the result of fund distributions) are "covered shares" and the reported figures should be accurate on the 1099-B. If the firm did not make the adjustment for the date of death, then the total will most likely not be accuate.

This is not a software error. The screen after you enter your SSA1099's asks if you lived in certain foreign countries in 2025.   How did you answer the questions on that screen?   If you answered Yes, your Social Security would not have been taxed. If you answered NO, a portion of your Social Security is taxed. 

To enter, edit or delete your Form 1095-A - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Medical On Affordable Care Act (Form 1095-A), click the start or update button

 There is no separate ownership indicator for each spouse on Form 8938. Form 8938 does not contain an ownership checkbox.  Since both names are on the account, the IRS assumes that the account is owned by either or both taxpayers. It is more concerned about the account being reported and less about who owns the account as long as both taxpayers are listed on the form.   Tax software or the IRS e-filing system sometimes has strict character limits that don't account for long international IBANs or account numbers. As a result;    Enter as much of the account number as possible, starting from the beginning.  Most practitioners suggest entering the last digits if the beginning is truncated, or simply filling it until it cuts off.   Regarding putting your name and account number directly into the Line 26a (Name of financial institution) field, this isn't the standard way and may cause a "mismatch" during automated IRS processing.   A better approach is to use the checkboxes provided in the form to indicate ownership.  The best recommendation is to keep Line 26a strictly for the Bank’s Name. If you have already checked "Separate asset of spouse" on Line 4, the IRS already knows the account belongs to you. Adding extra text in the name field can sometimes trigger e-file errors or cause the system to misread the bank's identity. [ Edited 03/30/2026 I 11:28 am PST]

1) Per the IRS Instructions for Schedule K-1 List of Codes and References Used in Schedule K-1 (Form 1065), Box 20 Code AJ is used for Excess business loss limitation.    However, some partnerships choose to use this code to report Aggregate Business Activity Gross Income and Aggregate Business Activity Total Deductions, which together total Excess Business Losses for Form 461.   This information is relevant only if your net losses from all businesses are more than $313,000 ($626,000 if filing a joint return). If this doesn't apply to you, you can leave Box 20 Code AJ blank (or do not include this code).   See also: IRS Instructions for Form 461 - Limitations on Business Losses   2) You should have received a Supplemental Statement with Schedule K-1 that includes more information on Section 199A (Box 20 Code Z). If you didn't receive this information, you may need to contact the company that sent you the K-1. Otherwise, do not add Code Z or you will see a form error on review.   Once you have that info, return to your K-1 entry and check that it has Box 20 Code Z. You don't need to enter any amount for Code Z.  Continue with the interview until you see "We see you have Section 199A information." Check the box that applies (usually the first option - income from this partnership). On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income. Check any other boxes that appear on Statement A and enter the related amount. Continue back to the K-1 summary page.

Even though the IRS has already sent the funds, the bank may take up to 5-business days to process and deposit into your account.   You should keep monitoring your refund status by clicking on the link below:  Where's my Refund  

If you have not filed the 2025 tax return, click on My Info on the left side of the online program screen.  Edit Address and Phone number.   If you have filed the 2025 tax return, go to this IRS website for a change of address - https://www.irs.gov/faqs/irs-procedures/address-changes

If your W-2 entries are correct but the summary shows an extra amount, it's probably because of some other income that you're reporting.    This is often reported on Schedule 1, line 8, or a 1099-MISC It could be from: Taxable scholarships  Household employee income  Taxable dependent care benefits  Gambling winnings,  Jury duty pay,  Hobby income,  Prizes/awards,  Canceled debts,  You can view your 1040 tax return and the supporting three schedules in the online version of TurboTax.   On the left menu, scroll down to Tax Tools. If necessary, click the side arrow and select Tools.  A box will appear in the middle of the screen. Select View Tax Summary. A tax summary will appear. On the left side menu bar, select Preview My 1040. This will bring up a copy of your 1040 Tax return. If you continue to scroll down, Schedules 1,2 & 3 are available if they are required. You can scroll down past the Form 1040 and check out ‌Schedule 1  

Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.