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Get your taxes done using TurboTax
The original 42% was calculated by TurboTax in my TY2022 return, as it was the first year of the rental to start in Aug 2022.
TurboTax did not automatically adjust the busines usage to 100% for me in TY2023 & TY2024. Now I am manually making the adjustment.
When I amended the TY2023, TurboTax was not prompted for 3115 and I could save and filed the 1040X in mail.
I am amending the TY2024, I am checking here if it's ok to ignore the missing form 3115 warning and go ahead to file 1040X. By doing it, will I am facing issue in Turbotax or audit when I start the filing for TY2025?
yesterday