I am trying to use the online version of Premium, at least that looks like what it is called under the INTUIT turbotax logo in the top left corner. I used TurboTax last year. Why does Investments and Savings have a starting value? I have not entered anything yet for Investments and Savings (1099-B, 1099-INT, 1099-DIV, etc. I deleted the financial institutions that carried over from 2023. Logged off, logged on, the incorrect amount remains.
As a sanity check, I dragged and dropped my return from last years TurboTax into H&R Block, and as expected, it does not include the starting value in Investments and Savings of $5551.00. When I added in my entries, the total was as expected - H&R Block did not include any unknown values.
I have also tried to enter my Investments and Savings info in TurboTax, but the $5551.00 remains (somewhere hidden) and causes the sum of the parts to be $5551.00 too high. If I select Add/Edit the only thing on the page is Capital Loss Carryover: Capital losses used in 2024 $0.00 losses. The dropdown/expand button does show my carryover expected value, which is negative.
Looks like a bug, smells like a bug...
Also of note, I reviewed the 1040 as it sits today using the preview function under Tax Tools, Tools, Preview my 1040. 2B shows taxable interest of $5551. There are NO entries under the Add/Edit feature of the category.
the token number (share with agent) is 1267189. Thanks
Would you verify your state return? We need that to review your file.
This can be closed, when I trashed the return and started over, it went away.
In my mind, the amount appearing in Investments and Savings should have an associated line item, or a descriptor indicating where the amount is derived from.
During the reconstruction of the return I realized the amount was from a K-1 I entered incorrectly. If it had been identifiable on Investments and Savings, I could have corrected it instead of starting over.