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No.  I also received a 1099-MISC for the surrender cash out of a life insurance policy.  I can get the total premiums paid, likely less than the surrender value, but how is this reported?  Just reporting the 1099-MISC results in a large tax bill.  I need to know where to deduct the premiums paid.  Form 8949 only allows 1099-B or 1099-DA reporting options.

Of course you can wait, but since the "refund" is not based on any tax, it seems very unlikely that the IRS will change their stance on the income being taxable on the federal return.    The 1099-G for the New York State Inflation Refund Check can be entered as a New York State refund in the TurboTax program. Income Other Common Income State and Local Tax Refunds on Form 1099-G   START or UPDATE Select the "Tax return year" on the "Tell us about the refund you received in 2025" as TAX YEAR 2023 Enter zero for "Payments and Withholding" Enter the amount that you received which is reported on that 1099-G Select NO for the "Let's check if your 2023 New York refund is taxable" screen Once the NO radio button is selected a drop-down opens and you can enter the taxable amount which is the full amount reported on that 1099-G. If you also receive a 1099-G for a 2024 state tax refund, that can be entered separately from this 1099-G.  You will attribute the "inflation refund" check to tax year 2023 and the State refund (if you received one) to tax year 2024.   This is the first year New York has issued a payment like this. There is no one dedicated screen to enter this 1099-G in the TurboTax program. Technically the New York State Inflation Refund Check is NOT a refund of tax. It is similar to an Earned Income Credit in so far as it is based on the Taxpayer's income, in this case their 2023 income, regardless of whether they itemized or used the standard deduction.   It is not taxable on the state return, but is taxable on your federal return. Some answers you give the program are answers to make the program put the numbers where they need to go, they are not answers that are transmitted to the IRS. The amount of the New York State Inflation Refund Check will be reported on Schedule 1. The total on Schedule 1 is carried forward to Form 1040 line 8.    Here is a link explaining the New York State Inflation Refund Check Here is a link explaining the federal taxability of the check  

You'll be able to see all forms/worksheets once you've paid for TurboTax Online.  You can then print/save from the FILE section.   If you can't obtain your spouse's AGI, you can enter 0. This worksheet appears to be for a New York Credit to avoid double-taxation on a trust distribution, which may not apply to you if you're not a trust beneficiary.    @user17701539135 

TurboTax transfers data from your federal return to your state return. Before you begin troubleshooting your state return, go back through your federal return and make sure everything is correct.  Make sure that you review your itemized deduction section in the federal return.     After you review your federal return, select the State Taxes tab and review the state section. Pay close attention to the information, especially if you have made changes to your federal return. There might be new sections that need to be completed.    Troubleshooting common federal to state transfer issues @jghosh100

Thank you...The IRS just posted yesterday on their website the same answer but I sincerely appreciate your reply.  The confusion came from the SSI definition of MAGI where TFI is included to determine Medicare premiums.

Yes, if you have "an interest " in the house, you can claim the property tax you paid and also the home mortgage interest if the loan qualifies (a lien on the home, loan to buy the home, within loan balance limit)   Having "an interest" means you have a stake in the home, such as expecting to inherit it or having partial ownership.    No, you are not REQUIRED to claim the property tax or interest you paid.    Property tax is a deduction only if you itemize deductions, not if you use the Standard Deduction.  The Standard Deduction for filing Single for Tax Year 2025 is 15,750, so you would need an amount of Itemized Deductions that was as much or more to make it worth claiming Itemized Deductions rather than the Standard Deduction.  Itemized Deductions include things like State Tax, (including Property Tax) Medical Expenses, Charitable Contributions, and Home Mortgage Interest.         

It depends. When you buy bonds between interest payment dates and pay accrued interest to the seller, this interest is taxable to the seller and reduces your taxable interest because you used funds to purchase that were already taxed. This reduces your taxable interest. Where do I enter my Form 1099-INT? First select to enter the interest yourself.  When you reach the screen 'Do any of these uncommon situations apply?'  Select I need to adjust the interest reported on my form. Continue > Enter the accrued interest as a positive amount Select My accrued interest is included in this 1099-INT Continue to finish your entry Once completed you can view your 1040 form, line 2b for the taxable interest amount. From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.) Select Tax Tools On the drop-down select Tools On the pop-up menu titled “Tools Center”, select View Tax Summary  On the left sidebar, select Preview my 1040  For TurboTax Desktop, change to 'Forms' and review the forms

You can enter that investment sale in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc...  Choose Stock, Bonds, Mutual Funds as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis.  

As xmasbaby0 mentions above, you must wait until your return is fully processed and you have received your refund before preparing and e-filing your amended tax return.   Once your tax return is fully processed, to amend your return using TurboTax Online you will: Log in to your TurboTax account. At your homepage, look for "Your tax returns & documents" and select the correct tax year. The you will select the "Amend (change) return" dropdown and in the dropdown choose "Amend using TurboTax Online". Follow your prompts, and select your reason for amending. Make your corrections (add your W-2(s)). Make sure to review your return before filing and then  follow the prompts to e-file or print and mail Form 1040-X to the IRS.    You will be able to track your amended return using this link  Where's My Amended Return? on IRS.gov. Click here for additional information regarding filing an amended return.   Click here for additional information about e-filing your Form 1040-X.   If you have additional information or questions regarding this, please return to Community and we would be glad to help.