All Posts

common issue on turbotax. try not to overthink it foreign income is part of the total income that mutual fund companies report within Box 1 so I state foreign income reported elsewhere <mutual fund company name> 1099 Div box 1   I don't have independent confirmation of this answer, but it seems logical

If you did not save your original tax return as a PDF before starting the amended tax return then the original tax return is gone.   Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf

Thanks, but that doesn't help.  I know the entries are there because the summary numbers in the Summary for this Account page are darned close to my statement.   So what's the problem?  Why can't I edit all entries...and why do the Form 8949s look abbreviated when I view the form? I want to see all my detail and I don't think that is too much to ask.  Anyone?

You can use any of the TurboTax desktop editions for your situation since they all have the same forms, schedules and worksheets.  You only get more help and guidance using the higher editions.  So the Premier or Deluxe editions would be fine for you.

Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

You should wait until the original return has been fully processed before you amend.   Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk   Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/filing/wheres-my-amended-return  

  You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 9 p.m. Pacific time. https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb

Select Federal   Then Wages & Income   Under Investments and Savings select "Add/Edit"   Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA)   When you see the 1099-B you've previously entered through the import process, select that form to Edit, and then follow the prompts to manually adjust the cost basis / sales expense / proceeds, to reflect the full taxable nature of your transactions.

As I review your tax return I see that the 2025 actual withholding is being used instead of your estimated 2026 withholding entered to determine the estimated tax payments. After some research here is what I began to see as the reasons.   In both TurboTax Online and TurboTax Desktop for a given tax year (TY 2025 currently): The “2026 estimated tax” calculations live in the 2025 product and are based primarily on your 2025 tax, credits, and withholding. When the interview asks for 2026 expected withholding, income, etc., those inputs are: Used in certain what‑if (e.g., suggested quarterly payment amounts), But the core worksheet logic still typically anchors to 2025 tax liability and 2025 withholding as the baseline. The estimated‑tax module is designed around the IRS safe‑harbor rules and typical workflows. Since it is a prediction and the 2025 tax year is the base for the basic workflow, it appears the 2026 information is not moving into the actual flow to the estimated tax forms. Although it does help you to know what amount you should consider in paying for estimated quarterly payments. In your situation, you are going in a reduced income situation which is not being accounted for.    For this reason you will need to make the adjustments on your actual payments using what you know will be the case for your reduced income. I will request a possible change, and then demand will likely dictate the results.   @user17735323828 

AnnetteB6 Just read you reply. I would keep only earnings there. Thanks. But it does not change underlying issue since 5329 still in return. No penalty in both cases – only earnings or contributions+earnings. Correct number or not on Line U would make no difference as long as 5329 is not in return as it should be