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Yes, you must be accurate with the depreciation in 2025. Use the tax assessments to figure out the percentage of cost that applies to the house and land.  Land/Total cost -- Building/ total cost = either will give the rate to use for your purchase price to arrive at the correct amounts for 2025. The 2025 tax return must use the correct figures for the rental house for the correct depreciation.   The link provides instructions for both TurboTax Online and TurboTax Desktop, based on which was used to file the original return.   @user17731760614 

  We are filing a joint return and the profit definitely exceeds the cost of the truck.  Also responded yes to the question indicating the taxpayer operates the business and yes indicating the truck is used by someone who owns business more than 5 percent.

Sorry---W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond.  Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.     If you are preparing a return for a state that lets you deduct job-related expenses, the information will flow from your federal return  to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses  

Yes. You can't claim that expense since your daughter isn't living with you. If you pay the daycare directly, no one get's the dependent care credit. If you give the money directly to the mom, she can use that money to pay for daycare and then claim the dependent care credit, assuming she otherwise qualifies.

My 1099-SA from Optum has a "1" as the Distribution Code. My two withdrawals according to Optum are Excessive Contribution withdrawals.  I'm okay with paying any penalty; I just am hoping there is a way to get my taxes in order. I did call them, and they did process my mistaken withdrawals; and I went ahead and redeposited the funds back into my Optum HSA. They told me that after this, after some business days I will receive a new 1099-SA. What should I do from here?

I have the same problem.  Two 1099-R forms for both primary & spouse for return of excess Roth IRA contributions of $8000 apiece in 2025 (our income ended up exceeding $246,000).  We are both over 65 and have had Roth IRA accounts open for over 5 years.  Annoyingly, Vanguard added code J to line 7 of both our forms.  Their customer support would not issue correction but said to file 5329 forms.  IRS instructions say each of us need a 5329.   When leveraging "Extra tax on early retirement withdrawals", web interface defaults to primary filer name, does NOT ask about spouse filer, and only allows "Revisit" to the one NOT adding another.

Code CP63 means one or more of your prior years' returns are missing and the IRS has put your refund on hold.   You can only file this year's tax return (2025) using TurboTax Online.   To file your tax returns for prior years, please follow the instructions in this TurboTax Help article.

Thanks for your response. I had the same issue also in 2018. That’s the year I ended up having to use H&R Block. I’m on a Mac mini pro. There should be no reason why TurboTax should have issues with downloading. Though the more I search the web, the more I see others have also experienced this issue. I’ve done everything TurboTax agents have suggested. They eventually gave up. I even downloaded the software onto my phone, sent as attachment (compressed) to my Mac and then downloaded the download, the. The exact same thing happens. It starts extracting the file, then stops at 97-98% and says extraction failed. I am beyond frustrated. The ONLY thing I haven’t tried yet is to create another admin user and try downloading it that way, of course then I will no longer have access to my previous returns to import data cause it will be accessible to the previous admin user. Aaaargh.

There is no "other" option there. Options to choose from which type of investment I sold are: ESPP, NQSO, ISO, RSU, RS, Stock (non-employee), mutual fund/index fund/ETF, Bond, Options.  If I choose Stock non-employee options how do I got it are: purchased, inherited, received in a divorce, gift, short sale, from life insurance company. What shall I choose if I received stock from my employer as part of my compendation package?

I applaud your optimism and research. While you expected great things in 2024, filing the 4797 Part IV for the recapture is necessary in 2025. When you entered the lower business use percentage, that should have triggered the interview to recapture. It could be done already since the program knew there were issues. The recapture amount = sec 179 taken -allowable MACRS deduction. Remember to increase the adjusted basis of the vehicle this year so you don't lose that money. It sounds like you did.   Take a look and see if you have Form 4797 in your return and check Part IV.   To print or view  your forms, including all worksheets: In desktop, switch to Forms Mode.  For online: On the left side, select  Tax Tools Select Print center Select Print, save or preview this year's return If you have not paid, select pay now.

The reason you’re seeing the gain increase is that TurboTax treats an "Adjustment" to a "0" basis as a positive addition to your profit (income), rather than a cost. Using a negative sign is a "math hack" that works, but it can lead to a red flag because it puts an "Adjustment Code" on your return that doesn't actually apply.   Here is the correct way to handle "Basis Not Reported to the IRS" (Box B or E) so the math works perfectly without negative signs:   If your 1099-B says the basis is "Unknown," you are likely in Box B (Short-term) or Box E (Long-term) territory. In the "Cost Basis" Box: Simply type in the cost basis you found. Do not leave it at "0" and try to "adjust" it later. The "Sales Category": Ensure you select "Short-term basis NOT reported to IRS" or "Long-term basis NOT reported to IRS." By doing this, TurboTax simply subtracts your cost from your proceeds to find the gain/loss. No adjustment column is needed, and the IRS won't look for one because the broker already told them they didn't have the info.  

Yes, you have correctly described what should happen, however: Form 8582 Line 9: 0 Form 8582 Line 11: 0 Form 8582 Part 8 Allowed Loss: 0 Schedule E, line 21: Income of (loss) -1489 Schedule E, line 22: Deductable Rental Real Estate Loss: -1489   If this is indeed a bug, which you seem to imply it is, where do we go from here?

@DianeW777  Thanks a lot for the advice and information. For the 2025 filing, I do not need to be accurate with the total depreciation part of the house, if I file 2025 first followed by 2024 amendment. Please clarify.  As per amendment Turbotax is only allowing me to download the 2024 tax filing software to a desktop and no option for online editing similar to current 2025 filing. Please let me know why i am not able to access the amendment in online version. I will initiate the 2025 filing first followed by amendment of 2024 filing and will reach out for any further concerns. Thanks a lot again.