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Thank you. What's murky here is the "business," my being a director, writer, performer, has existed for 50 years. What's new is I created an LLC (along with an EIN) to ensure my name was also my business when dealing with producers, theatres, royalties, and such. What has changed is "MyName" as a self-employed contractor to "MyName LLC."  Royalties, fees, and licensing contracts to produce my plays as a writer would, I assume, be more in line with operating as a legit business and possibly incurring more profit and expenses than being hired as a director or paid as a writer.  Also, for legal protection with copyright and ownership. It's just that 2025 follows two earlier years of little or no income, and 2026 may be a much better year. It seems that since 2025 is the first year of the LLC (even though it is my name) I would benefit from the Startup rule. Or, I can simply eat the expenses this year (as I would have a large loss as an independent contractor). We're not talking 10000s, we're talking 1000s. PS Don't know if age enters this equation, but I'm also 80. 

To replicate the prior depreciation methods, you may need to choose an asset type of "Other," which requires a thorough understanding of depreciation. This is a complex and tedious process, and you should consider upgrading to TurboTax Experts. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.

Yes, other/not classified is the correct choice (assuming you have University of CA DCP) unless the item you have in Box 14 fits in another specified category.   See this help article for more information about Box 14.   @eviebigtoe 

You need to edit you rental property income and expenses. On the screen that says Let's gather you business info update Rental Properties and Royalties. Work through that section until you find a screen that says Review your (name of business) Rental, and update the Assets/Depreciation section. Go to your asset summary when asked about that and then edit the assets you sold. You will see where you entered the sales proceeds allocated to each asset.   To refresh you on how you report the sale of a rental property:   You have a couple of options to report the sale of the property. One is in the business section of TurboTax, on the screen that says Let's gather your business info. Find the Less Common Business Situations menu and choose Sale of Business Property. That will work if you know the sale proceeds, cost basis of the property and the accumulated depreciation.   Your other option is to edit the asset entries in the business section of your return and assign a portion of the sale proceeds to each asset, thereby reporting the sale of each one of them. Typically, you can assign a sale price of $0 to all the assets but the home or building in the case of a rental property.     The result of either of these methods will be that a portion of the gain on sale of the business or rental will be reflected as ordinary income to the extent of depreciation deducted on the assets (known as depreciation recapture) and the remainder of the gain will be taxed as capital gain income.   @Potts3912  

The program is correct.  For 2024 the limit if you are 50 or older is $8,000.  Per the IRS:   For 2026, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can’t be more than: $7,500 ($8,600 if you’re age 50 or older), or If less, your taxable compensation for the year For 2025 and 2024, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $7,000 ($8,000 if you're age 50 or older), or If less, your taxable compensation for the year Information taken from IRS Web Page:  Retirement topics - IRA contribution limits

Thanks. I knew what I needed to do, but am pissed at Intuit for deliberately obfuscating the by-mail option in an attempt to trick/force people into e-filing. Also pissed at Intuit for its intense lobbying of the administration to take away free filing options from taxpayers. I've worked for for-profit corporations my entire career; I understand the desire to maximize profits. But when a company abuses its customer base to squeeze every possible nickel from them, they'll lose customers. Too many decision-makers fail to recognize where that line is drawn. Intuit unambiguously crossed that line this year. Please pass this up the chain. Thanks.

As AmyC mentioned in TurboTax Online there is a question in the federal section for you to select what type of distribution it is.  There is another question in the state return, that will ask for the amount of the government pension deduction, enter the amount there.     @lywaz   

If you imported any forms, you need to review each one for accuracy and completeness. The "needs review" tag will not be removed until you do.   If you entered the forms manually, you should still review each item in case there are more questions you need to answer.

Since you removed the excess contribution prior to the filing deadline you won't be subject to the 6% excise tax.  If all your contributions were made via payroll deduction and you have a 1099-SA to report HSA distributions, or if you made contributions other than via payroll, then during the HSA interview TurboTax will tell you "You have excess contributions, will you remove them before the deadline?"  Answer Yes.  If you don't have a 1099-SA to enter, you will need to navigate to the HSA section so you can indicate your removed the excess.  

The simplest way to know you can avoid penalties and interest, and keep as much money as you can until you must pay the balance is by making sure you meet the following with your estimated tax payments. Remember, the IRS system is pay as you go, so you don't want your first quarter to be short since it is the longest period to calculate penalty and interest. See a more specific answer for you below.   Generally, you can avoid the penalty if your total timely estimated payments and withholdings are greater than or equal to the lesser of: 90% of the total tax after credits for the current year, or 100% of the total tax after credits in the prior year See one exception below. You can also avoid the penalty if the amount you owe is less than $1,000 as long as any estimated tax payments you made are timely.   Note: High-income taxpayers. If your adjusted gross income (line 11 of your 2025 Form 1040) is greater than $150,000 (or $75,000 if you're married and file a separate return from your spouse), you can avoid a penalty by paying at least 110% of your total tax from the prior year.   Questions & Answers:  So do we make an estimated payment based on what our tax would be in the 35% bracket (income more than $100,000 over what I know it's going to be), divided by 4, minus what has been withheld to date?  Then make no more payments?  Always account for and reduce an estimated payment by any withholdings to date.  Check the tax rate for the taxable income you know you have made in the first quarter (reduced by standard deduction at a minimum) then make an estimated payment based on this quarter only.  Don't assume you won't need another estimated payment in the next payment period (April & May - due June 15th). Use the same steps for each quarter if necessary for the future estimated payments- If you find you have enough withholding, then no payment is necessary.  If we do the Roth conversion in April do we do the same thing, take half of the tax that would be due on that inflated income, subtract what we've already paid from being withheld January-March, plus the April 15 estimated payment, minus what will be withheld April-June, and make up the difference in the June 15 payment?  If you do enter into a Roth Conversion (moving pre-tax IRA/401(k) retirement funds to Roth) in April, you can have 20% withheld if you choose or calculate the estimated tax yourself to make a payment. For each estimated tax payment period, calculate all income and tax then subtract what's already been paid and withheld. Pay the estimated tax balance.  Keep these figures for your tax return in case you need to use the Annualized Method to reduce or remove any penalty and Interest from your tax return. @anonymouse1