All Posts

The bug in the T3(SUPP) Form that was showing 100 X the "Quantity of Shares" that were entered into the T5008 Slip has been fixed in the latest TurboTax Update. I just loaded the latest update and the T3(SUPP) now shows the correct "Quantity of Securities" that were entered into the T5008 Form.   Steve   

No it didn't help. I ended speaking with 3 support technicians because I kept getting hung up on. When I finally spoke someone, I asked for a supervisor everyone kept saying there's a glitch in the system. Finally, they saw that when i submitted the original file it rejected and I fixed a digit on the ssn so now either Turbo or IRS would let me efile; it has to be mailed in if you have a mismatch somewhere. I was on the phone about 4 hours repeating myself as they looked through program on my pc.  30 years and this is first issue with Intuit; I won't complain.

The IRS instructions for Schedule D, Line 1a prohibit adjustments in that section. Because the IRS tax forms interpret a negative number in the "proceeds" column as an "adjustment" or an exception that requires a line-by-line audit trail, a negative number is interpreted as an exception.    TurboTax may be requiring Form 8949 to comply with the tax code and prevent and prevent an IRS rejection because your transactions did not meet the following criteria:   Must be a Covered Security (Box A or Box D checked) Cost Basis must be reported to IRS No adjustments or codes in Box 1f or 1g   Since you cannot technically receive negative money as a gross sale price under the standard Line 1a definition, to prevent rejection by IRS, TurboTax will use Form 8949 to provide the line-by-line detail.   When you tested a positive number, it bypassed Form 8949 because there was no "adjustment" seen.   Even though you see, "See attached statement", it does not mean that you will automatically have to mail the form, or your return, separately. If you imported the data and the individual transactions are listed on your digital version of Form 8949 sent to the IRS, you will not have to mail a paper copy. The "see attached statement" note is a default statement that TurboTax uses when adding data to a form. As long as your Form 8949 matches your 1099-B, you can e-file as usual.

This has happened to me too,   Support said it would take two weeks to get an update from an investigation. It is 100% a software issue. When I contacted the help line multiple times, they didn't want to listen to me that it is a software issue, and I spent multiple hours on the phone with them, multiple times to try to resolve this issue. I am a week in to this two week waiting period, and have not heard anything. I will update next week if I have heard anything.

@likua01 , sorry for your loss. (a) When a decedent passes , his/her assets , generally get a step-up in value to the then current Fair Market Value ( FMV).  This is mostly done through a valuation or sale  within a shot period post the passing.   There are "ands", "ifs', and "buts" to this.  Also there are state impacts.  What this generally achieves is "no Tax " on inheritance  for most people  ( if the estate is large then of course there is estate taxes involved ). (b)  For your filing of the 1099-S ( assuming that each of the inheritors  received one  with his/her SSN and share of the proceeds), you  need to tell TurboTax that you acquired the property through inheritance.  It will then walk you through the rest of the filing.  You should end up little  or Nil taxable income out of this.  AS an example , say the house , at the time of the decedent's   passing was worth  $150,000. And the ownership is to be shared between two siblings.  Thus each of you have a basis in the property of  $75,000  ( for your half of the asset ).   Now, say you wait two years  and sell the house  for $200,000 after  all the commissions/ transfer taxes etc.  This means  that each of you should get a 1099-S for  $100,000.   Your net gain ( proceeds  LESS Basis ) is   100,000 less 75,000 = $25,000.   Does this make sense /   Is there more one of us can do for you ?

Have you seen this article?  Troubleshooting Mac https://ttlc.intuit.com/turbotax-support/en-us/help-article/update-products/troubleshoot-turbotax-mac-updating-issues/L2QTZw9Xr_US_en_US Have you been able to update the program?   Quit Turbo Tax then relaunch it.   I would even turn off your Mac and reboot it after you quit Turbo Tax.   Have you tried reinstalling Home & Business? Since you now have to log into an Intuit Account all your downloads and licenses are listed there (even if you bought it from somewhere else) so if you need to download to install it again or install on another computer, even on the other operating system (Windows, Mac).  And the download will always be up to date with all the updates.   Access your program downloads here Intuit Accounts - Sign In

OK, I filled in what I expect his salary including bonus to be, my pension, took a guess at interest and my planned Roth conversion.  Subtracted my catchup HSA, and used the itemized deduction worksheet to enter our SALT deduction (though the limit goes up in 2026).  How do I get it to calculate?

Here is some general information to know when you have inherited a house.     First, since it is inherited, you came to possess the house on the date of your mom's death.  That is the day you acquired it.  You would indicate on your return that it is inherited versus purchased.     Next, the fair market value of the house on the date of death is the amount used to determine whether it was sold at a gain or a loss.  In the case where a house is purchased and sold, this fair market value is the 'purchase price'.     You need to know whether your Form 1099-S represents only your share of the house proceeds, or if it includes the entire proceeds from the sale.  When you are working on your return you will only be reporting your share of the fair market value and the proceeds.  Just as an example, suppose the fair market value is $100,000 on the date of death and the property was sold for $120,000.  Also suppose that you have 3 sisters, so the property is split 4 ways.  You would report $25,000 as your cost basis (purchase price) and $30,000 as the proceeds from the sale.  This would mean you have a $5000 taxable capital gain.   Questions about the fair market value of the house should be answered by the estate executor.  Generally, an appraisal of the house would be ordered so that the fair market value could be determined.     When you start entering the information into TurboTax, use the following help article for guidance.  Note - do not select 'second home' for the investment type, select 'other' instead:   Where do I enter the sale of a second home, an inherited home, or land on my 2025 taxes?  

You can add MAX anytime before you file your return. Here's how to get MAX benefits before filing:   Open or continue your return. Select File. Select Start or Revisit next to Step 1: Review your order. Select Add MAX, then Add MAX and Continue.   When you sign up for MAX with Audit Defense, you become entitled to use the services of TaxAudit.com, which is a separate company from TurboTax. You should receive member benefits information at the time you join.   TurboTax® partner, TaxAudit, will take care of everything for as long as your return can be audited, including: Developing a plan of action Following up with the IRS Preparing IRS documents for you Representing you in all IRS meetings See the Membership Agreement for additional details.    In order to receive assistance, upon receipt of any communication from the IRS or State, you are responsible to perform or provide the following:   Promptly report your notice at https://secureintuit.taxaudit.com/login/login/r. Do not contact the IRS or State. To ensure effective service regarding your Audit, you must use your assigned TaxAudit Audit Representative(s) as your only contact with the IRS or State. If you do not contact TaxAudit within 15 days of the date of the first notice, additional charges may apply. If you wait too long, you will eliminate our ability to defend your case.   See this help article and this one for more information.    

To claim the contribution, go to: Charitable Contributions and enter the amounts you donated.   For 2025, the deduction is only available if you itemize your deductions. This makes sense if your total deductible expenses (like mortgage interest, property taxes, and charity) add up to more than the 2025 standard deduction, which is $15,750 for singles or $31,500 for married couples.