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If the IRS website for the status of federal tax refunds indicate the tax refund was sent on a certain date, then it may take up to 5 days before the amount is deposited in your bank account.   On the Filing Instructions page for the federal tax return will be the information you entered for direct deposit of the federal tax refund.  The address you entered for your federal tax return will be on the first page of the Form 1040.  Use Print Center to get the Filing Instructions page and your Form 1040.   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2024 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets

land is not depreciable, and a residential and commercial building are not eligible for section 179. certain interior improvements to commercial real estate may qualify I suggest you read publication 946 starting on page 16 to see what real estate qualifies for 179 https://www.irs.gov/forms-pubs/about-publication-946    1) 179 won't help if there's a business loss since it cannot produce a business loss. 2) when the property is sold that 179 deduction would be recapture. 3) rental real estate is subject to the passive activity loss (PAL) rules which means the deduction for losses may be limited. The max would be $25,000 with active participation but would be zero if you modified adjusted gross income is $150K ($75K if MFS) or more (before the PAL) 

Damage was a colloquial term. Sure I will have taxes and I expect to pay them but the convoluted process to attain basis in our case is monumental. We have k-1’s through the years but what was given out to us was the amount to pay our taxes only, while my father used his RE as a personal slush fund. At his death, he had negative equity. We however had a substantial RE balance and the only way we could get access to our RE was to sell out to the managing partners. It wasn’t my preference but the sisters wanted their $. The Corp had to borrow to pay us the RE and the buy out. We were always along for the ride w no say so in the business conduct. 

A married couple may not file a joint gift tax return. However, if after reading the instructions below, you and your spouse agree to split your gifts, you should file both of your individual gift tax returns together (that is, in the same envelope) to help the IRS process the returns and to avoid correspondence from the IRS. If you and your spouse both consent, all gifts (including gifts of property held with your spouse as joint tenants or tenants by the entirety) either of you make to third parties during the calendar year will be considered as made one-half by each of you if all of the following apply. • You and your spouse were married to one another at the time of the gift. • If divorced or widowed after the gift, you did not remarry during the rest of the calendar year. • Neither of you was a nonresident not a citizen of the United States at the time of the gift. • You did not give your spouse a general power of appointment over the property interest transferred. if the above conditions are met and  assuming separate gifts made son/dil  each of you file reporting 1/2 the gift to your son and 1/2 the gift to your DIL.

One more question ref this Form 709. If my spouse and I gifted a total of 350K to our son/dil and we are splitting the gift to both of them, do we put 175K total each, split, or 87.5K total each then split on the Schedule A? TIA.

Thank you for your response.  It sounds like I manually have to divide the capital gains/losses for both short and long term in half myself and enter it into the mock returns; the software is not able to do that for me.  Another issue for Turbotax to fix in an update, because if you don't review the final return you will end up overpaying your state taxes in this example.  Can no longer trust their software to calculate taxes correctly.

Sorry---whatever your situation was for 2020 or 2021, it is now too late for stimulus checks.   Tax years 2020 and 2021 were the only years for the stimulus checks and the deadlines to get that money as a recovery rebate credit is over.   If someone could claim you as a dependent for 2020 or 2021 you were not eligible.   And as of now, even if you could not be claimed, you have missed the deadline to seek the credit.  Sorry.

See this TurboTax support FAQ for how to update your TurboTax account information - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-status/update-turbotax-account-information/L0YoC0H31_US_en_US?uid=m9yfbf35

If you were being claimed as a dependent then you were not eligible for a stimulus payment.   It is now to late to apply for a stimulus payment from either tax year 2020 or 2021.  There were no stimulus payments in 2022.