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I have two form 1065's and one for 2024 and one for 2025. They are both 2025 form 1065. The question I have is on the LLC 2024 has ended in 2025 with no losses and is transferred to the next year in the number of points and not associated with any dollar amount. I have filled it out as follows when closing out the entity I mark it as "This partnership ended in 2025" and on the next section with "No Entry" and I am confused on whether I enter the "Adjusted Basis" or "Fair Market Value". Everything I read states to enter the Adjusted Basis. Is this correct?   The second K-1 is a new partnership, so I just entered everything in the form as it asks with no issues. I have never closed out an entity before, so I think I need to amend my previous tax return for 2023 since that is the first year of investment in the partnership. I think I also need to close out that year in 2024. I am just trying to confirm on the above. Thank you.

I couldn't leave feedback using the in-product link, so here's my bug reports for TurboTax Desktop 2025 (Premier), on Mac...   The link to give a rating and review at the end just went to a completely blank page. TurboTax desktop is still an Intel only app!!!! I can't believe this. Apple has already announced the upcoming end of Rosetta 2, which we all knew was coming. This means that we won't be able to open TT 2025 (or 2012-2024) on any Mac with a current OS. The dialog for saving a tax return doesn't have any way to navigate into a subfolder. The secret work-around is that if you do a search from the dialog, and quit the search, then 3 lines from the folder appear. 2025 TurboTax reports a different 2024 1099-INT than 2024 TurboTax reports -- 2025 is including the 1099-DIV box 12 Exempt Interest Dividends in the 1099-INT total Double-clicking a field doesn't bring up the Supporting Details dialog anymore. There's no longer a way to tell that you have entered Supporting Details. In prior versions of TT it would change the field to blue, but no longer. Entering numbers into the Supporting Details has a new bug: you can only enter so many digits, and then it won't accept any more. Estimated Tax Tax Payment options has a new bug: it used prior year actual withholding rather than the next year estimated withholding. If you're estimating that the 2026 withholding will be lower then 2025 actual, then it under estimates how much additional estimated tax payments need to be paid, which will result in underpayment. The Estimated Tax interview asks for a ton of information that isn't needed if you are going to use the prior year safe harbor option. It should ask you up front if that's what you want to do, and then only collect the information necessary. Which, I think, is just the estimation of next year withholding. Doesn't import estimated tax payments from Quicken. The impression I get is that TT now has two kinds of interview dialogs: old classic Desktop pages, and new ones that appear to be a port of the online product web pages. There's clear differences; the web page ones don't act like a desktop application, and have a lot of bugs. Every year more pages get converted to the new type, which means more bugs. In particular, the new pages for reviewing stock sales are particularly bad, and every year they get worse. This year the problems are: Not all on one list, you have to navigate to sections and then a page within the section But every time you edit a lot, it goes back to the first page for that section. Every. Single. Time. The list doesn't size the columns for the data, so you get Headings and detail items (including amounts!) split to 2 lines When you go to the last page of the last section, it just displays a completely blank page! (The secret is that when this happens, you need to scroll before it will render the page) Doesn't permit & in the security name, so you can't have a security for the S&P 500   In all I'd rate it 2 out of 5. Every year has been getting worse.

Hello, Can not find my 2024 massachusetts tax return online to my TT account. t shows only Federal tax form only .  Not even any worksheets. I had 2024 capital gains loss carry over to 2025 on federal return but not showing them on 2025 state return. Therefore I need to check original form I had files with state last year. pplease help. Thx. CND