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Since Ponzi-type losses are out of scope for TurboTax, we can't advise how to enter them.  See the link below for more information:   Calculations TurboTax Doesn't Handle   From <https://turbotax.response.lithium.com/console/agent/17476036?>   The document states on page 16:   7. Investment Fraud: The program does not support tax losses from investment fraud.   Ponzi schemes are a type of investment fraud. The TurboTax program doesn't support these calculations. This would include the versions that the Full Service experts are using.   If, on the other hand, you can substantiate that you have a worthless investment, you can enter that as a capital loss. See this TurboTax blog article for more information.   You can claim a casualty loss deduction using Form 4684 for Ponzi scheme losses; however, the issues of when the qualifying theft occurred and the relevant dollar amounts can be quite complex.    The TurboTax in-program guidance at a Learn More link in the Casualty Loss section states:   "We're sorry to hear about this loss. Unfortunately, this type of loss can be particularly complicated for tax purposes, and in many situations the tax treatment depends on factual determinations best handled by an attorney. TurboTax does not support tax losses from investment fraud. We recommend consulting a tax professional if you've experienced this situation."   The IRS Instructions for Form 4684 explain how to report a theft loss deduction for a Ponzi-type investment scheme.    See this IRS webpage for more information for taxpayers affected by Ponzi scheme losses.    

Great.  So for rental property expenses like cleaning management fees etc just add up and put in miscellaneous section?  insurance and mortgage interest are in those specific sections in rental expenses though correct??

No,  You cannot wait until next year to file your taxes. You need to file them this year and pay the amount you owe or set up payment arrangements with the IRS.  If you choose to wait until next year to file, you would be subject to fines and penalties.   Click here to file an extension.  Remember an extension is just for extra time to file, not extra time to pay.  If you are going to owe anything, you will still need to pay by April 15th.    You can pay directly via the IRS website which is the recommended way or you can pay by check.  Be sure to include your SSN on your check and the tax year.  If you are unable to pay your taxes in full, you should still file by April 15th, but you can apply for a payment plan from the IRS

If you didn't have an HSA in 2024 and your W-2 did not report that you contributed to your HSA (i.e. you did not have a "w" entered in box 12 of your Form W-2), you can do the following:   Click on "Search" in the top right of your TurboTax screen Type "hsa" in the search box Select "Jump to hsa" Your screen will say, "Tell us about health-related accounts you had in 2024" Select "None of the above" Select "Continue" Answer the follow-up screens about your situation. (Delete any entries that may indicate you have an HSA if there are any).   You can also delete your Form 8889 from your tax return using the instructions below.   In TurboTax Desktop: Switch to Forms mode by clicking on "Forms" at your upper right corner of your TurboTax screen In your left panel search for "Form 8889" Select the form by clicking on it  In your right panel of your TurboTax screen select "Delete Form" In TurboTax Online you will: Continue your return In your left panel click on "Tax Tools" and then "Tools" Scroll down to "Delete a form" Select the Form 8889 from your list of forms and Select" Delete"   To search for your HSA entry screens, you can type "HSA" in your search box. It will look something like this:       Click here for "What Is the IRS Form 8889?

If you set up your state's payment to come out of your return, then you don't need to make an additional payment.  State returns get approved after the federal return does.  It's normal for them to show as pending while the federal goes through.     If you didn't set up your state payment, then most states will allow you to make payments on their website, or you can mail a payment.     How do I contact my state Department of Revenue?

See yout Form 1040 Line 24 total tax to know what the end result is. Always print a copy of your completed tax return for your records, and review it carefully before e-Filing. You will need it if you are audited by the IRS, to contact the IRS, or to amend if a TurboTax update changes your return or for any other reason, SUCH AS, as a first timer, you might have made mistakes, AND, to find your AGI next year.   @angela-gibsonn1     

You can go back to your W-2 entry screens and correct the EIN number.   If you are using TurboTax Online  you can: Sign into your return Click on" Pick up where you left off" Click "Search" at the top right of your screen In the search box, type "W-2" Click on "Jump to W-2"               (See screenshots below for additional guidance) Click on "Edit" next to the Form W-2 that you want to correct Follow the TurboTax screens and answer all follow-up questions If you are using TurboTax Desktop, you can: Open or continue your return Click "Search" at the top right of your screen In the search box, type "W-2" Click on "Jump to W-2"               (See screenshots below for additional guidance) Click on "Edit" next to the Form W-2 that you want to correct Click on "Continue" Follow the TurboTax screens and answer all follow-up questions.   Click here for additional information regarding editing your Form W-2.   Click here for additional information on importing your W-2.    Click here for additional information on manually entering your W-2.