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The price the day the stock was sold is on the 1099-B, is that what i go by?
A capital loss usually comes from an investment sale entry in TurboTax. It could also come from a capital loss carryover from a previous year. Can you clarify better where you are seeing the loss so ... See more...
A capital loss usually comes from an investment sale entry in TurboTax. It could also come from a capital loss carryover from a previous year. Can you clarify better where you are seeing the loss so we can advise you better?
You'll need TurboTax Online Premium or above to handle Schedules K-1s.
Did you buy the Desktop program from Amazon Or a code for the Online version?   This year several places are selling both.   Sounds like you bought the Desktop program but ended up using the Online v... See more...
Did you buy the Desktop program from Amazon Or a code for the Online version?   This year several places are selling both.   Sounds like you bought the Desktop program but ended up using the Online version.    Did you download and install the Desktop program?  If you hadn’t paid the Online fees I could tell you how to switch to the Desktop program before paying.   But since you paid you will have to contact support.   Maybe they can refund you the Desktop program you didn’t use.   How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991
It sounds like you received a notice from TurboTax that your Oregon return was accepted.    If you have not already done so (I am not sure what "we haven't received a return" refers to exactly), ... See more...
It sounds like you received a notice from TurboTax that your Oregon return was accepted.    If you have not already done so (I am not sure what "we haven't received a return" refers to exactly), please look at Oregon Department of Revenue to check your refund status (again).    There is Contact Us info at the bottom of that page.   Note that we in the Community nor at TurboTax have any information about your return once we have received confirmation that the return was filed (this information should be in the email you received).
The cost basis is likely close to the value of the proceeds from the stock sales so your gain should be minimal.   When you enter your Form 1099-B reporting the stock sales, you will see an optio... See more...
The cost basis is likely close to the value of the proceeds from the stock sales so your gain should be minimal.   When you enter your Form 1099-B reporting the stock sales, you will see an option that says the cost basis is incorrect or missing on my Form 1099-B. It is on the screen where you enter the proceeds and cost basis. If you check that box, TurboTax will allow you to either enter the correct cost basis or will offer to help you determine what it is and then enter it for you.   Since you are dealing with restricted stock units (RSU's), your W-2 form should list the value of them awarded to you as wage income. If you divide that income by the number of shares awarded, you will know the cost per share that you can multiply by the number of shares sold to determine their cost basis for entry on the Form 1099-B entry screen.  
i want to switch to another tax service how to i get my turbo tax info
I sold a rental property that I own from an inheritance. The inheritance was in Jan. 2024 and sold in Nov. 2025. I entered all sales and cost info and TT seems to have correctly calculated loss in Pa... See more...
I sold a rental property that I own from an inheritance. The inheritance was in Jan. 2024 and sold in Nov. 2025. I entered all sales and cost info and TT seems to have correctly calculated loss in Part I.  From research, I think there also needs to be be a calculation for tax on depreciation recapture that should be in Part III.  TT did not complete Part III.  How can I know if that is required?   PS - I paid $50 for TT phone support and have been connected with 'experts' - none of whom were able to assist with reporting a rental sale.  I was told I would be connected with an expert which never happened.  Is there a way to enter a support complaint?
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We had this issue when entering multiple K-1 forms in TTD Windows. The summary worksheet would not accept the zipcode for personal info. We confirmed it was 5 digits there and on Personal Info. Going... See more...
We had this issue when entering multiple K-1 forms in TTD Windows. The summary worksheet would not accept the zipcode for personal info. We confirmed it was 5 digits there and on Personal Info. Going to the K-1 there is a checkbox that will allow the address to be removed. In error check you can enter it by hand. It accepted the fix and the error cleared. 
I've read the description on the back for Box 10 but not exactly clear as to how to correct Turbo Tax error on Smart Check.  
I had a similar situation. TT could not find my file in the C: drive, but did find it on my backup thumb drive. The only difference is that the thumb drive file system is FAT32 instead of NTFS file s... See more...
I had a similar situation. TT could not find my file in the C: drive, but did find it on my backup thumb drive. The only difference is that the thumb drive file system is FAT32 instead of NTFS file system on the C drive. You might try and copy the 2024 file to a FAT32 thumb drive and see if TT can find it there.
Check the characters: Max 35 characters No comma, period, apostrophe, slash The first 4 letters must match the EIN assignment - look at the top of the EIN confirmation letter. For example: Th... See more...
Check the characters: Max 35 characters No comma, period, apostrophe, slash The first 4 letters must match the EIN assignment - look at the top of the EIN confirmation letter. For example: The Smith Trust might be Smit at the top of the form. Use Smith Trust instead. If the EIN is recent, it may not be in the system yet, so you get a reject. @andymoler58 
2023 - 1099R - Box 1 amount = $6,500 2024 - 1099R - Box 1 amount = $7,000
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1... See more...
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info. 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    
The senior deduction of $6,000 is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   Married couples filing separately are not eligible for the senior... See more...
The senior deduction of $6,000 is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   Married couples filing separately are not eligible for the senior deduction.   The senior additional deduction is not included in the standard deduction but appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   To preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b  and you should see the amount of this deduction included in this line.
only the contribution is reportable back to 2025 on Form 8606, the conversion is reported in the calendar year it is performed so you will get a 1099-R next year and report the conversion for 2026. ... See more...
only the contribution is reportable back to 2025 on Form 8606, the conversion is reported in the calendar year it is performed so you will get a 1099-R next year and report the conversion for 2026.   for 2025 you need to amend your return to report the contribution and the basis will carry over from 2025 Form 8606 Line 14 to 2026 Form 8606 Line 2.   see https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US