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Probably not. Keep track of your income, as you may need to make estimated income tax payments for the first quarter of the year. Those are due on April 15.   If you aren't paying any employees, you don't need to make payroll tax deposits.    But if you're collecting sales tax from your customers, be prepared to make monthly deposits with the state tax collector.

It depends. Assuming that each sibling is reporting their share of the sale you will report it as follows on each return for siblings who sold the property to the other sibling.   Find the fair market value (FMV) on the date of death. The is the Cost basis for the siblings. Split the result in 1. by the number of siblings who inherited the land (including the one who bought out the others). The result in 2. is the cost basis for each sibling who sold their share to the one sibling who bought it. The selling price must be divided by only the number of siblings who sold it (not the one who bought it) The result in 4. is the selling price for each of those siblings who sold their share. Use the same method as 4. for any selling expenses. Be sure to select 'I Inherited the property' as how it was acquired (TurboTax knows that inherited property always gets long term holding period). Enter the inherited property sale in TurboTax using the steps provided.   Open or continue your return: Choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu. In TurboTax Online select 'See more' in the FAQ then click 'sold second home'. Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2024? screen If you land on the Your investment sales summary screen, select Add More Sales On the OK, let's start with one investment type screen, select Other, then Continue On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale On the next screen, select  Other (choose this also for inherited homes) then select  I inherited it under  How did you receive this investment? (For TurboTax Desktop you can enter a description of 'Inherited Home' and long term holding period).

I', referring to K-1 Form 1041 line 4a, Long Term Capital Gain for sale of a house as part of an estate.  The question is, can that gain be offset by a long term capital losses? Turbotax seems to think so, since it does not list the gain (many tens of thousands of dollars) under income in the summary; the space for income next to K-1 is left blank.  Apparently I had a large enough capital loss (this year or carried over cumulatively) that meant that the tax counter for refunds or owing did not move when I put in the K-1 figure.  Thanks for whatever clarification you can provide!

"The 1099-Q $38,612 total distribution for 2024, included $7,101 distributed in 2024 (posted December 30) for Spring 2025 tuition- paid in January of 2025." So, it appears you now have $37,097 of QEE (15,233 + 14,625 + 138 + 7101).  $38,612 - 37,097 = $1515 of the distribution is non qualified. 1515 /38612 = 3.924% of the earnings is taxable income.   "Box 1,2,3 for the 2023 1099-Q were all blank." Never heard of that before. Maybe the rollover box was checked.   "Further, box 3 for the 2024 1099-Q (basis showed $0" I previously commented on that. 

If you still experience the issue, please call Customer Service and tell them you have a "block payment issues, possibly due to billing or an invalid license" and the agent should be able to help you. Here is how you reach customer service:  Turbo Tax Customer Service 

Please let us know exactly which version of TurboTax you are using.   I just tested this on a Desktop version, and both the Line 11 and Line 12 items populated correctly.   Try going back through the Charitable Donations interview to make sure you identified the donations as noncash where prompted.   See this article for more information on claiming charitable donations in TurboTax.  

@DMarkM1  Thank you. When calculating the net long term capital gains, do we include losses from section 1256 contracts and straddles on form 6781 since a portion of these are considered long term capital losses and net them against the gains in form 8949 (see below) (or ) Do we only state the long term capital gains from part II of form 8949 (sales and other dispositions of capital assets)?   As an example if form 8949 has net LTCG of 10000 but 6781 has an attributed LTC loss of 15000, do I enter 10000 on the AZ tax form 140 line 23 or leave it at 0?   Thank you for your help.