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@mscaprese The procedure is the same -   Click on Federal on the left side of the online program screen Click on Other Tax Siruations Under Other Tax Forms On Amend a return, click on the start button

Hello and thanks for the reply.   Since my donations are Stock/Securities, I am supposed to use "Average Price" per IRS guidance.     Even though I filled out "Average Price" in the step-by-step it is still showing Comparative sales.   When I go into forms and override this, it gives me an error that I am overriding a calculation (which I am not).   Ahead of a software update that fixes this, can any guidance be provided on a workaround that would allow this update in the forms and still allow e-filing?

Thank you for your prompt reply. The Form 1042-S I received is from my brokerage. My tax status changed from nonresident alien to resident alien during the 2025 tax year, but the broker was unable to issue a Form 1099 for me. Instead, they issued a Form 1042-S. On the 1042-S, I see information such as gross income, tax rate, and federal tax withheld. In addition, I have: 1. an annual transaction history showing the cost basis, proceeds, and capital gain and loss for each stock trade I made,  2. a spreadsheet listing all dividends and interest received from this account. I did not hold any bonds, Treasury bills, or other types of financial assets in this account. Would these documents be sufficient to use when reporting my investment income for tax filing? Thank you for your help!

Yes, really.  When the system sees a 1099-MISC it automatically errs on the side of caution and sets it up as self-employment income.  In your case, though, it may not apply.   An internship as part of an education program - in other words, required as part of earning a degree - is considered miscellaneous income and not self-employment income.  If it was just earned by working while you also happened to be at the school then it is self-employment income.     Once you have made that determination then you can tell the system and it will enter it where it belongs.

Recent reports from the TurboTax developer team indicate that a significant patch for Form 1116 errors was scheduled for late February and another is slated for mid-March 2026.   The IRS updated the e-file requirements for 2025 to require values (even zeros) on lines that TurboTax previously left blank if they weren't applicable.   The Current Workaround: Some users have found success by switching to Forms Mode, opening the Form 1116 Worksheet, and ensuring that Part IV has a value (type "0" if it's blank and the software allows it). However, if the field is "calculated" and locked, you must wait for the update.   Since California (Form 541) was accepted, your data is clearly correct. The rejection is purely an XML formatting error between TurboTax and the IRS servers.   You won't be informed when the error has been corrected but check back after the third week in March to see if this has been corrected. Meanwhile, check Form 1116 worksheet to see if you can enter the value that I suggest above.

Thank you to everyone that has responded. To update all the questions: I did an in-depth search of my One Drive storage, my pdf files, all the Turbo tax files, opened my 2024 software many times and I am not able to retrieve any of my prior year's tax returns. Before I downloaded the 2025 software every prior year was there. This is the most ridiculous situation I have ever had using Turbo Tax for the last 30 years. I am going to look into a different tax software for the next tax year. I am saving the tax returns that I do now into an external hard drive and printing them.  Still waiting for IRS to send me a copy of my 2024 tax return and when I get it, it will take me hours to prepare my 2025 now instead of just an hour. 

You may be able to claim her as a dependent under the Qualifying Child rules if she meets all the requirements.   To be a Qualifying Child - 1. The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them. 2. The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student or (c) any age and permanently and totally disabled. 3. The child must have lived with you for more than half of the year. Temporary absences while away at college are considered living with you. 4. The child must not have provided more than half of his or her own support for the year. 5. If the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child. 6. The child must be a U.S. citizen or U.S., Canada or Mexico resident for some portion of the year. 7. The child must be younger than you unless disabled.

You shouldn't need to enter anything in the “Total Qualified Overtime Pay” field unless you accidentally answered a question indicating that you had overtime wages. Go back to your income section and review your answers carefully, and if it still won’t clear, try deleting the Uber income entry and re-entering it to reset the questions.

Si no puedes obtener tu formulario 1095-A no te preocupes. Existen varias formas de recuperarlo, dependiendo de como obtuviste tu seguro médico.    Por lo general, puedes descargarlo desde tu cuenta en el marketplace de seguros de salud o comunicarte directamente con ellos para solicitar una copia.    Entra al enlace que te comparto para que encuentres tu Form 1095-A: pasos para encontrar su formulario 1095-A en su cuenta del Mercado Ten presente que este documento es indispensable para completar el Formulario 8962. Además el IRS podría rechazar tu declaración electrónica si falta este formulario.   Luego de tener tu formulario, puedes entrar en el siguiente enlace para saber como ingresarlo en tu cuenta: ¿Dónde ingreso mi Formulario 1095-A?  

Make sure the software is at the latest release. Click on Online at the top of the desktop program screen.  Click on Check for Updates.   To amend a tax return - Continue the tax return that needs to be amended. Click on Federal Taxes (Personal using Home & Business) Click on Other Tax Siruations Under Other Tax Forms On Amend a return, click on the start button

I thought I had the same problem, but looking at the FORM 1040, shows my rollover amount (5a), the X-Rollover checked (5c) , and it is NOT included on the taxable amount (5c).  The rollover does NOT appear in my Adjusted Gross Income either. Yay! 🙂  

If you have entered the AGI from line 11 of your 2024 Form 1040 tax return and that number is not being accepted when you try to e-file your return, there are several things can do to try to get through this step:   1. Enter zero (which you said you tried) in case your 2024 return was filed late and not yet process by the IRS.   2. Verify your 2024 AGI on your IRS transcript. You can do this by logging into your IRS online account (or creating one if you do not have one).    Here are instruction on how to create or sign into an IRS online account.   3. If you are not able to move past the prior-year AGI verification step, the only other option is to paper file your tax return.   Here is a TurboTax article with instructions on what to do if you entered the correct AGI but you are not able to e-file your return.

Since you are wanting to depreciate your new guitar, I am going to assume you are claiming it against self-employment income (such as gig money, teaching income, or session work reported on a Schedule C).    IRS officially classifies musical instruments as 7-year property under the Modified Accelerated Cost Recovery System (MACRS).   Here is how to categorize and set up the depreciation in TurboTax: To spread the deduction out over time, you must enter the guitar in the Business Assets section of your Schedule C profile. Navigate to your specific self-employment business profile. Scroll down to the Assets section and select Start or Update. When TurboTax asks "Describe This Asset" or asks for the category, select Tools, Machinery, Equipment, Furniture. On the sub-category screen, select Other tools and equipment (or select Musical Instruments if your specific version of the software provides that explicit dropdown option). Enter a description (e.g., "Fender Stratocaster"), the date you started using it for business in 2025, and the exact cost. Opt-out of the upfront deductions: When the software asks if you want to take a "special depreciation allowance" or "deduct the full cost this year," select No. TurboTax will then automatically default to the standard MACRS 200% declining balance method. This will spread the tax deduction over 7 years (technically 8 tax years, because the IRS only allows a half-year of depreciation in the year you buy it).

You cannot take depreciation, including the Section 179 allowance, on a car that is not owned by the business. You can reimburse the owner of the vehicle for the business use of it. If you do that, you must maintain an accountability plan wherein the owner submits a mileage report to substantiate the business use of the vehicle. If you maintain the accountability plan diligently, the company can deduct the reimbursement as auto expense and the owner of the vehicle does not have to enter those reimbursements on his tax return or pay tax on them.    If you use such a plan, you typically reimburse the owner based on the IRS standard mileage rate, which is $0.70 per mile in 2025.   To learn more, you can see IRS Publication 463 and search for Accountable Plans.