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To enter the Schedule A-1 senior deduction in TurboTax Online, including your age and income information, follow these steps: 1. Go to the Federal section and select Deductions & Credits. 2. Scroll down to either the Standard Deduction area or Other Deductions section. 3. TurboTax will ask if you want to take the standard deduction or itemize. 4. Enter your age when prompted; TurboTax uses this to determine senior deduction eligibility. 5. Provide your income information if asked, so TurboTax can apply the income limits for the senior deduction. 6. TurboTax will automatically calculate and apply the Schedule A-1 senior deduction if you qualify. This deduction is in addition to the standard or itemized deductions and requires you or your spouse to be age 65 or older by the end of the tax year. Income limits begin phase-out at $75,000 for single filers and $150,000 for married filing jointly.

Not all investment sales are required to be reported on Form 8949. It is possible that the missing investment sales you mention are listed directly on Schedule D. You can learn more in the instructions to Form 8949. One of the most common reasons for this is that you have a Form 1099-B wherein the cost basis has been reported to the IRS and there are no adjustments reported in boxes 1(f) or 1(g).

You can't enter or edit Schedule D information for a previous year's return directly in TurboTax Online for that past year. To review your Schedule D from a prior year, you will need to look at the PDF copy of that tax return or your printed copy. If you want to use prior year information when preparing your current year's return, you can transfer your last year's TurboTax data file into the current year's return. This transfer includes Schedule D details if they were entered in TurboTax.   TurboTax Online typically transfers relevant information from your 2024 tax return to your 2025 return automatically when you use the transfer feature with your 2024 TurboTax data file (.tax2024). This includes personal data, income details, deductions, and credits, helping to streamline your 2025 filing. Here’s how to do it: 1. Open your 2025 TurboTax Online return. 2. Go to Tax Tools in the left menu and select Tools. 3. Choose Transfer last year's TurboTax return from your computer. 4. Upload your 2024 TurboTax file (.tax2024). However, some specific information might not transfer perfectly and could require review or manual entry.

You may receive a copy of Form 1095-B if your insurance provides what the Affordable Care Act calls "minimum essential coverage." This is the minimum level of benefits your insurance must provide for you under the Act. You do not need to enter the Form 1095-B in TurboTax. If you live in a state, such as California, that asks about health insurance, all you need to do is answer the question that you had coverage.   If you didn't receive a Form 1095-A, because you didn't have Marketplace (ACA) coverage, then you can delete that form from your return. Go back to the Affordable Care Act (1095-A) section under Medical. If you entered information in that section, you should see entries on the summary page of that section. Click the trash can icon at the end of the line that shows the entries to remove the entries.  

You entered the data for the 2024 tax return correctly. You entered the dollars contributed in 2025 for 2024 in the "personal" contributions on your 2024 tax return. Good!   But, you should not have checked: "Checked box for "had other company contributions that weren't reported to their W-2 or apply to a previous year" because I had contributions in 2025 that apply to 2024, as stated." Why? Because the $3,650 contributed in early 2025 were not company contributions, they were personal contributions. This check box is only for amounts that should have been reported with a code of W but which for one reason or another, weren't. You were adjusting the code W amount for 2025, when, in fact and if I understand your situation correctly, the 4,300 in box 12 with a code of W on your 2025 W-2 was ALL intended for 2025, not 2024.   "My deduction should be 3800". But you said earlier that "I contributed 3800 in via payroll in calendar year 2025." If so, that 3800 was part of the code W amount in box 12. No part of this can be considered a "personal" contribution, no matter than you chose to contribute it or not. It's called an "employer" contribution because of how it is handled, not because of where it came from. Yes, very confusing, but that's the IRS for you.   So your deduction for 2025 should be zero. You get the tax benefit for the code W amount because before the W-2 is printed, the code W amount was removed from Wages in boxes 1, 3, and 5. So the company's 500 and your 3,800 were never in your income at all.   As an added bonus, because of the way the employers contribution is treated, you don't pay any SS tax or Medicare tax on it, whereas you do pay those taxes on your "personal" contribution.   P.S. if you are ever asked about the value of your HSA (you won't be once you change your entries), you should enter a dollar value of the total investment. This number is used to calculate your penalty for carrying over an excess contribution (which you won't be doing), which is the smaller of 6% of the smaller of line 48 (the excess carried over) or the value of your HSAs on December 31, 2025 (including 2025 contributions made in 2026). So you can see that just reporting the cash in the account would artificially reduce the penalty - see line 49 on form 5329.

This is really disappointing.  It seems like the IRS is double-penalizing you right at the crossover from year 1-2.  From then on, it's a full calendar year, but in the beginning they are pretty much going straight from 0% to 12% (if you account for extensions on the original year).  This is truly bizarre.