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The IRS presumes that income reported on an IRS 1099-NEC to be self-employment income subject to both income tax and self-employment tax.    This IRS publication, page 10 states:    Self-employment tax    Generally, amounts paid to individuals that are reportable in box 1 are subject to self-employment tax.    Does the software think that a self-employment activity has not yet been started?  Please clarify. If so, self-employment income is reported on Schedule C Profit or Loss from Business.   In TurboTax Online, to report the income under Self-employment income, follow these steps:   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click on the drop down arrow to the right of Self-employment. Click to the right of Self-employment income and expenses. Establish the self-employment activity and report the income and expense. Within the self-employment activity, add the income reported on the IRS form 1099-NEC by following these steps:    At the screen Here's your info, select Add income for this work. Select Form 1099-NEC to report the self-employment income. See also this TurboTax Help.  

if you're being asked for the value of your Traditional IRAs as of 12/31/25 you should use your year-end brokerage statements for this, as indicated by IRS for Form 8606 Line 6 for example, below.  The on-screen guidance from Turbotax to use Form 5498 for this is misleading unfortunately.   https://www.irs.gov/pub/irs-pdf/i8606.pdf   Line 6 Enter the total value of all your traditional IRAs as of December 31, 2025, plus any outstanding rollovers. A statement should be sent to you by January 31, 2026, showing the value of each IRA on December 31, 2025.

Once your return is filed, TurboTax has no control over the processing or the timing when the IRS/State releases your refund.    Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund?

The carryforward for energy credits generally applies to credits where there is not a limitation or a cap for the amount that can be claimed (the one for solar energy property as an example).  Based on your information that the credit you claimed could not be more than $2000 and you had reached that maximum amount on your 2024 tax return, you would not have any carryforward energy credit.     Also, if you used TurboTax to prepare the 2024 return, any carryforward energy credit would automatically be filled in for you.

If your daughter is not being claimed as a dependent, then yes, she would need to file her own return and include the 1095-A on her return.     For the policy that you and your wife are listed with your daughter covered, you can select that this policy is shared with another tax payer and can allocate 0%-100% to your daughter if she is the only covered person on the policy.      

see steps here - the contribution is backdated to prior tax year but the conversion is reported in the calendar year it is made once you have the 1099-R.  The contribution will be reflected on Form 8606 Line 1 and 14 which will carry over to your 2026 8606 Line 2 as the basis for the conversion you would report in the 2026 tax year once you have the 1099-R   https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US

The information from Koinly you will need is a 1099-DA, Form 8949 or your CSV transaction activity to upload into TurboTax. For TurboTax Online, you can import your crypto transactions directly from supported exchanges or manually enter the transactions. Alternatively, if Koinly provides a CSV file for your transactions, TurboTax Online allows uploads of CSV files for cryptocurrency.   If Koinly offers tax forms like 1099-DA and 8949 that summarize your cryptocurrency transactions, follow these steps: To enter these in TurboTax Online: 1. You cannot directly import PDF forms like 1099-DA or 8949 into TurboTax Online. 2. Use the 8949 form summary from Koinly to manually enter your transactions in the Crypto section under Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. 3. For the 1099-DA (digital asset sales), enter the details as reported manually under the same section. This way, you ensure your crypto transactions are accurately reported either by manual entry in TurboTax Online or import in TurboTax Desktop.  

Great, thanks! For both the TFSA and the RRSP distribution, I had used 1099-R with the code G [and both are incorrect based on your response and Linda's response]. So, with the SPRINT TAX, where do I report both the [RRSP + TFSA] both Canadian distributions?  Thanks!

Once your tax return is released to the IRS, TurboTax has no control over it. However, the IRS has published an article because delays happen so frequently. Why it may take longer than 21 days for some taxpayers to receive their federal refund The IRS states, "To check the status of a refund, taxpayers should use the  Where's My Refund? tool on IRS.gov." You will need: Social Security Number Zip Code Refund amount

If you are in the Online version of TurboTax it is a one use only product.  You must create a new Online file with a new Email address to do your son's tax return.  The Desktop version will allow up to five E-filed accounts.

You can find this on Line 31 on your Michigan 1040. f you are looking for the detailed breakdown of the taxes withheld by your employer (from your W-2 or 1099), you need to look at Schedule W. This form lists every employer’s FEIN, your wages, and the specific amount of Michigan Tax Withheld in Column E.   The total from Schedule W is what gets entered onto Line 31 of your MI-1040.

The withholding being off generally happens when tax laws change through the year, or when you do not earn the exact same amount every week or multiple jobs or change in filing status or loss of a previous credit.  Your withholding is based on what you earn either weekly, biweekly or monthly (depending on how you are paid).  If you are paid less one week and more the next, your week that you make less is not having as much withheld (if any) which can lead to underpayments.  However, everyone's situation is different so without looking at your specific numbers it is impossible to say exactly why your withholdings are off.     You can always choose to have an additional amount withheld by completing a new W-4.    If you need to mail something, then TurboTax should tell you on the instructions page when you print your return.  In general, there is  nothing that needs mailed in after you e-file. 

In TurboTax Online, follow these directions to report a Social Security lump payment:    Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & Income. Scroll down to Retirement plans and Social Security, click the down arrow to the right. Click on Start/Revisit to the right of Social Security (SSA-1099). At the screen Tell us about the benefits you received, enter the information as it is printed on the form. At the screen Did you receive any lump-sum payments?, click Yes. Enter the year and dollar amount from the SSA-1099. You will have to answer questions about that same year's tax return. Repeat for each year listed on the SSA-1099. A Claim of Right Repayment is a deduction you can take in the current tax year if you are required to pay back income in excess of $3,000 from a previous tax year that you thought you could keep. You reported and paid taxes on the money, not knowing you would have to pay it back.   Examples of this type of income include: the repayment of signing bonuses, moving expenses, unemployment compensation, and other funds.   In Turbotax Online, the claim of right repayment over $3,000 may be reported as a deduction by following these steps.   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Deductions & Credits. Click the down arrow to the right of Other Deductions and Credits. Click to the right of Other Deductible Expenses. At the screen Did you have any of these other expenses?, click Yes. The deduction is reported on line 16 of Schedule A Itemized Deductions.   IRS Publication 525 Taxable and Nontaxable Income, page 36, states:   Repayment over $3,000   If the amount you repaid was more than $3,000, you can deduct the repayment as an other itemized deduction on Schedule A (Form 1040), line 16, if you included the income under a claim of right. This means that at the time you included the income, it appeared that you had an unrestricted right to it. However, you can choose to take a credit for the year of repayment. Figure your tax under both methods and compare the results. Use the method (deduction or credit) that results in less tax.    See this TurboTax Help.  Taking the credit option involves using TurboTax Desktop.  

The federal deduction for unreimbursed employee business expenses was suspended for tax years 2018 through 2025.   In TurboTax, Form 2106 will only "show up" or allow data entry if you tell the software you are in one of the following "Special Categories": Armed Forces Reservists (traveling more than 100 miles) Qualified Performing Artists Fee-Basis State or Local Government Officials Employees with Impairment-Related Work Expenses (Disability)