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No. A solution can be to enter summary transactions if you have many transactions. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.   You can always use direct entry if you choose, with summary totals.  The only exception is wash sales, which must be entered separately, if you have any. Review the wash sale rules below. Where do I enter Form 1099-B? (Ignore import) How do I mail Form 8453? (review if alerted) Wash sales cannot be combined into section totals.  They should be entered individually so that you can track your cost basis and know when you are allowed to use the information on a final sale.   Wash Sale Rule Defined: A wash sale occurs when an investor sells or trades a security at a loss, and within 30 days before or after, buys another one that is substantially similar. It also happens if the individual sells the security at a loss, and their spouse or a company they control buys a substantially similar security within 30 days. The wash-sale rule prevents taxpayers from deducting a capital loss on the sale against the capital gain of other stock. Affect on Cost Basis: The loss that occurs on a wash sale is added to the cost basis of the shares purchased that created the wash sale. When all shares are sold and there is no repurchase, that increased cost basis will be used in full and used to determine gain or loss. As long as you are tracking the wash sales and are not using them on the tax return when you are not allowed, then you can simply enter the same cost basis as the selling price. This will  reconcile your tax return with your Form 1099-B Proceeds which is what the IRS is comparing.   Wash Sale ends: The wash sale disallowed is not added to the net gain/loss rather it is adjusted and suspended so that it does not affect the total gain or loss for any pending wash sales.  The rub is that the broker only knows when a wash sale occurs, not when a wash sale no longer exists. This can spill over between two tax years.  Likewise you can have a wash sale during a tax year, and then fully dispose of the stock in the same year which would eliminate the wash sale rule for the final sale of the same stock.    It's up to you to know when you no longer have to consider the wash sale rule.    Example:  X bought 5 shares of ZZZ stock, at $5 per share, then sold it for $3 per share, however immediately before the original 3 shares were sold, X bought another 5 shares at $5.00 per share.        $25 for the first block of shares        15 is the proceeds creating a $10 loss  The $10 loss is now added to the cost of the new shares for an overall cost basis of $35.     Once the second block of shares is sold (5 shares with cost basis of $30) without any repurchase with in the 60 day window (30 days before or 30 days after the sale), and if they are sold at a loss, then no wash sale exists on the sale, and a loss is allowed.   @yatoshura 

Puede encontrar su información de depósito directo en su Resumen de la Declaración de Impuestos en TurboTax después de presentarla.   Para revisar su información de depósito directo: 1. Vaya a Inicio de impuestos en TurboTax. 2. Desplácese hasta Sus declaraciones y documentos de impuestos. 3. Seleccione el año fiscal que presentó. 4. Elija Herramientas de impuestos del menú. 5. Seleccione Centro de impresión. 6. Haga clic en Imprimir, guardar o previsualizar la declaración de este año. 7. Abra el resumen de la declaración federal; la información de su cuenta bancaria para el depósito directo se muestra en la primera sección.   Si su información de depósito directo es incorrecta y provoca que el depósito sea rechazado, el IRS le enviará un aviso CP53E en 2026 para su reembolso de impuestos de 2025. Este aviso solicita que actualice su información de cuenta bancaria en línea.   No puede actualizar su información bancaria en TurboTax después de presentar la declaración. Siga las instrucciones del IRS en el aviso CP53E para proporcionar detalles bancarios válidos y recibir su reembolso.   Si no responde al aviso CP53E en un plazo de 30 días, recibirá su reembolso mediante un cheque impreso, lo cual tardará más tiempo en llegar.  

It depends on your situation.  If your filing as single, then it would be more beneficial to itemize since the standard deduction for single filers is $15,750.  If your filing status is head of house hold or married filing jointly, then it would be more beneficial to take the standard deduction.  To do so:   Go to the Deductions and credits summary scroll down and press continue Answer a few questions until you get to the Standard vs Itemized comparison screen. There you will be able to manually choose what deduction you want to take.

If your business reports on a calendar year and you were unable to submit an extension by midnight April 15, 2026, you should file as soon as possible. You should at least pay the taxes you think you'll owe now.   Is it possible this is a Single-Member LLC? If so, your personal extension would cover the business as well.   Note that you can file a business extension at our Easy Extension website or from within TurboTax Business on or before April 15, 2026.   For more information, see Did You File Taxes Late? Here's What You Need To Know

I HAVE USEFUL INFORMATION!!! DO NOT SUBMIT WITHOUT READING!   I too was about to throw my laptop out the window when I decided to call Turbo Tax's helpline and put on my angry tone. I explained the situation and after initially seeming like they couldn't help me, they offered me a 20% discount.    Then, when I followed the code they email med, it actually reduced my price from $200 to $50!    I am so so so relieved. 

I believe you may need to link a Form 1099-NEC entry to a self-employment business entry. If so, return to where you entered the Form 1099-NEC, in the Wages and Income section, then Other Common Income, then Income from Form 1099-NEC. Edit your entry there and you will come to a screen that says What type of work earned this income? On that screen, you can choose a self-employment business that is already set up or set up a new business by choosing "add a new line of work."

TurboTax correctly calculates Additional Medicare Tax on Form 8959 based on your entries of Forms W-2 and self-employment income, then includes the result on Schedule 2 line 11.  If Medicare tax withholding shown on your Forms W-2 was more than 1.45%, the amount in excess of 1.45% is credited back on Form 1040 line 5c.

Depending on your tax liability, it is possible that you would still owe taxes even if you received the credit.  The credit for the used EV is limited to $4,000.  If you received it and you had a tax liability of $6,000, you would still owe $2,000. 

Puedes añadir tu PIN de Protección de Identidad (IP PIN) de 6 dígitos del IRS en TurboTax para ayudar a prevenir el robo de identidad relacionado con impuestos.Aquí te mostramos cómo ingresar el IP PIN en TurboTax Online:   Ve a la sección Federal. Selecciona Otras Situaciones Fiscales (Other Tax Situations). Busca y selecciona PIN de Protección de Identidad (Identity Protection PIN). Elige Comenzar o Actualizar (Start or Update) junto a la sección de IP PIN. Responde "Sí" cuando se te pregunte si tienes un IP PIN. Ingresa tu IP PIN de 6 dígitos en el espacio provisto. Dónde obtener tu IP PIN:   El IRS emite IP PINs a personas que son víctimas confirmadas de robo de identidad relacionado con impuestos. Puedes optar por el programa de IP PIN del IRS visitando la herramienta [Get an IP PIN tool] en línea. Si perdiste tu carta de IP PIN, puedes recuperarlo nuevamente del sitio web del IRS. Ten en cuenta que TurboTax no puede emitir IP PINs; solo acepta el número que obtienes del IRS.

The IRS/States is currently processing a high volume of e-filed returns, so it can take several days for your payments to go through.  The IRS/States may debit the payment after the deadline. Also, it can take the banks another few days to post the debit to your account. As long as you filed you return or extension on or before April 15, 2026, and you selected April 15, 2026, or earlier as your payment date, you won't get penalized for late payment. If you don't see the debit in your bank account 7–10 days after their return has been accepted,  call the IRS e-file Payment Services at 888-353-4537 or contact your state tax agency.   How do I contact my state Department of Revenue?

This is a known issue in TurboTax that is expected to be resolved by April 19, 2026.   In the meantime, have you tried deleting the Schedule E asset with the form error? You should be able to re-enter the asset using your asset entry worksheet from last year and possibly resolve the issue preventing you from filing your return.

From TT's Unsupported Calculations:   If there is passive category income that is treated as general category income because it is high taxed (HTKO), you must read the IRS Form 1116 instructions for line i and lines 2-5 and 13 on how to enter this income and the related foreign tax. Amounts automatically calculated on these lines must be overridden.   The demo is limited to using the standard deduction.

"the "taxable amount" in box 2a should be listed as "taxable" on line 5b on the 1040!"   If your 401(k) had basis in after-tax contributions and direct rollovers paid to the traditional and Roth IRAs were scheduled to be made at the same time, the taxpayer is permitted to select how the pre-tax portion is allocated between the traditional and Roth accounts.  TurboTax cannot automatically split the rollovers without the additional information from the taxpayer indicating how to split the gross amount and the taxable amount between the rollovers.  TurboTax obtains this additional information by requiring the user to enter each of the rollovers as a separate Form 1099-R.  This is not a bug, it's a design choice intended to avoid an overly complicated user interface that would serve to confuse most users because most user's code-G Forms 1099-R report rollovers only to a single destination.   For a distribution reported with code G that was  split between traditional and Roth accounts to be taxable to the extent shown in box 2a of the Form 1099-R, you could not have nay after-tax basis in the plan from which the distribution was made.  If your Form 1099-R shows $0 in box 5, TurboTax could infer that the amount shown in box 2a went to a Roth IRA and and the rest when to a traditional IRA, but does not, and instead produces an incorrect amount on Form 1040 line 5b.  However, given that TurboTax already requires splitting the From 1099-R into two when the distribution includes after tax basis, it's not unreasonable that TurboTax would require that any Form 1099-R that shows a split rollover be split into two for proper reporting.  An alternative to splitting the Form 1099-R in this case would be to change the code to 2 or 7.

You can delete the unwanted form 1099-K as follows:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the Delete a form option under Other Helpful links  4. Find the Form 1099-K in the list and delete it  

If the IRS gave you a deposit date of April 6, 2026 and you still don’t have it, a few common issues could be:   Bank account information was incorrect There was an offset for debts (student loan, taxes, child support, etc) You can contact the IRS directly for more information.