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JamesG1
Expert Alumni

My return was rejected but Turbotax is not giving me the option to fix my return

You said:  "form thinks I have a business."

 

Are you saying that TurboTax believes that your bitcoin experience is a self-employment business?  Is that not correct?  Please clarify.

 

@jackson99927 

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My return was rejected but Turbotax is not giving me the option to fix my return

Yes...They wanted bus. info of coinbase...their address,state,zipcode.....I tried leaving spaces blank didn't work...I entered info like they wanted still didnt work...I called Intuit for help on phone for 20 mins tried everything...she said I should delete file and reddol the whole return...I made a print out to make it easier...Last year was so easy...I didn't buy and sell anything to make it hard to calculate.

JamesG1
Expert Alumni

My return was rejected but Turbotax is not giving me the option to fix my return

Are your holdings in Bitcoin as an investment?  Or something else?

 

In TurboTax Premium Online, Bitcoin holdings as an investment are likely accessed by following these steps:

 

  1. Down the left side of the screen, click Federal.
  2. Down the left side of the screen, click Wages & Income.
  3. Click the down arrow to the right of Investments and Savings.
  4. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
  5. Click Add investments.
  6. On the Let's import your tax info screen, Bitcoin may be imported.
  7. Or select Enter a different way, and click on Cryptocurrency.
  8. A .CSV may be imported.

In TurboTax Premium Online, you are able to remove the self-employment activity by following these steps:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click the down arrow to the right of Self-employment.
  • Click to the right of Self-employment income and expenses.
  • At the screen Your 2024 self-employed work summary, click the delete trashcan to remove the self-employment activity.

@jackson99927 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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