All Posts

Please explain more clearly.   Do you have both tax documents----a 1095A and a 1095C?    Did you begin 2024 with a marketplace health insurance plan --- for which you would have a 1095A  ----  and then go on an employer plan that provided a 1095C?   If so, did you inform the marketplace that you were going on an employer plan?

@black1761 wrote: I need to send it electronically (not printed); which means the first four pages (1040 ES forms) will be on the file with the words- NOT FINAL.  This is super frustrating.  And no way to get rid of the first four pages (ES forms) in the PDF file once it is downloaded. The Forms 1040-ES are for your use only, they are NOT sent electronically to the IRS with your 2024 e-filed tax return. The only way the IRS can receive the Form 1040-ES is if you printed out the form and mailed it to the IRS with your estimated tax payment for tax year 2025.

No.  Assets and the Section 481(a) Adjustment are two separate things.   You add each "asset" for depreciation to match the Cost Seg.  Five year assets, Seven Year Assets, 15 year, 27.5/39 year, etc.  When finished with that, your assets should reflect each separate item on the Cost Seg.  This basically allows you to depreciate the amounts that did NOT qualify for Bonus depreciation, and allows an entry for your to report any items that were sold/disposed.   As a separate thing, you enter an amount for the 'catch up' amount of depreciation.  That is the "Section 481(a) Adjustment".  When entering your expenses, there should be a place to enter "other" expenses.  That is where you enter the Section 481(a) Adjustment (the amount to 'catch up' on the missed/changed depreciation).   Be aware that if the property is a Passive Activity (most rentals are), some or all of the loss (due to the catching up on the depreciation) may be suspended until the Passive Activity has a profit.

I need to send it electronically (not printed); which means the first four pages (1040 ES forms) will be on the file with the words- NOT FINAL.  This is super frustrating.  And no way to get rid of the first four pages (ES forms) in the PDF file once it is downloaded.

The 2024 program probably won't be updated with the 2025 changes. There are some workarounds you can use. Like if you itemize deductions the SALT (State And Local Tax) max was 10,000 and now is 40,000. So you could enter the amount over 10,000 (up to 40) in another place like in Charity. If you are 65 or older and qualify for the senior deduction you could reduce some taxable income by 6,000 (12,000 married).

@ScottWeicht   See the solution they found on this one https://ttlc.intuit.com/community/taxes/discussion/unable-to-purchase-2024-turbotax-delux-as-desktop-downloaded-software/00/3414961/message-id/1259308?relatedcontent=377930#M1259339

@ekudamlev     If you got a Schedule C from your accountant……… If you are using the Online version you will have to go though the business section and enter all the totals on the interview screens. And hopefully come out with the same Net Profit or Loss as the accountant's Schedule C. You don't need to enter the schedule SE. Turbo Tax will automatically fill out SE based on your schedule C entries and any W2s you entered.   If you want to switch to the Desktop CD/Download program you can enter your figures directly into Schedule C on the actual schedule C. We can tell you how to switch.

Amazon how to download and install your software order https://www.amazon.com/gp/help/customer/display.html?nodeId=G2CJPY7HHXBLMR5E To get the License Code from Amazon, One user said...... I was just having this same issue, but I just figured it out. So I thought I'd share in case you are still looking for an answer. Go to Your Account; then Digital Games and Software (under Digital Content and Devices section at the bottom middle); your TurboTax purchase should show there under Downloads and Codes; the license code will be the 16 digit code next to "Activation Key". Hope this helps! If you have the 16 digit License Code you can download it from here, How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd  

Are you on Windows?  Try updating Windows first.     If you can’t update your Windows program try doing a Manually update https://ttlc.intuit.com/community/updating/help/manually-update-turbotax-for-windows-software-basic-deluxe-premier-home-business/00/26041 Troubleshooting the Windows updating issues https://ttlc.intuit.com/community/troubleshooting/help/troubleshoot-turbotax-for-windows-updating-issues/00/25885

@Impulse   You said....2) Successfully (?) re-entered 2023 entirely without any change to refund/payment amount.   Did you mean you re-entered 2024?  And you replied right by using the @ sign to address a certain person.  

You are posting from online Deluxe.   If you are using online TurboTax, you need to upgrade to Premium in order to prepare a Schedule C for your business expenses.     If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.     https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653   https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp     If you live in a state with a state income tax, you might need to make estimated payments to your state.   https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payments/L5svMESaC_US_en_US?uid=mdna5aoh     https://turbotax.intuit.com/tax-tools/calculators/self-employed/   https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk   https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad   https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expenses-deduct/L37ZS1B8T_US_en_US?uid=m6fntpg7