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@atnovanow so disappointing. Thank you for your patience.   At this point, I don't recall exactly what I had written up, but I believe the gist of it was how to properly modify the Schedule E worksheet associated with Passive Operating Losses. Here's how I understand things, so please do not take my word as gospel, I'm not a tax professional--though I have spent many hours looking through all sorts of tax code and forum posts related to this issue.   The value that was not carried over from the prior year is the value in Form 8582 (Passive Activity Loss Limitations), Part VII (Allocation of Unallowed Losses), Column C (Unallowed Loss). You should have this form in your tax return from 2024, and previous years. That value is inclusive of all prior year unallowed losses, so if you have a value in that form for 2023, 2022, 2021, and so on, each of those values given are inclusive of all prior years.  Here's what that may look like, say your first year with a passive operating loss was 2020, and you had various values from then until now: 2020: -3,000 2021: -4,500 2022: -3,500 2023: -5,500 2024: -6,500 What that really means, is: 2020: Loss of 3,000 2021: Loss of 1,500 2022: Profit of 1,000 2023: Loss of 2,000 2024: Loss of 1,000 I included a profit year example, because that makes things interesting when it comes to entering the data into the worksheet. From what I understand, the IRS treats suspended losses in a "first in/first out" way, which means any profits will be applied to the earliest suspended loss. Here's what that looks like, when entered in your Schedule E Worksheet (both regular tax and QBI): 2020: -2,000 (reduced from 3,000, due to profit in 2022) 2021: -1,500 2022: 0 (made profit this year) 2023: -2,000 2024: -1,000 2025 (the carried over value): -6,500 As you can see, the sum of the individual years will equal the total carried value for 2025, thus being inclusive, and reconciling appropriately. Now, that having been said--there was STILL an issue with my Schedule E worksheet, even when I manually entered all the values and they all totaled up correctly. Potentially a rounding error somewhere on the form that I couldn't see; so I ended up just zeroing out all prior years, and just including the carried value from 2024 in the current value, which should still work, given that it's inclusive. I also understand that the worksheets are not submitted with the return anyways, they're just a tool to error check along the way; so as long as the current year value is correct, your Form 8582 should get filled out correctly and submitted.   Hope this helps!

TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.  

Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.  You can see other community post from other Coloradoans that say Colorado is very slow at processing returns.    Here is FAQs to help you track your refund: How do I track my state refund?

TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.  

TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.  

Q. Can I use his rent as the room / board and change the line 18 credit from zero (now) up to $4k (portion of his rent) to get some AOC credit without triggering the additional income being attributed to the 529 distribution earnings? A. Yes. Off campus rent and food are eligible expenses for a 529 distribution. But, the amount is limited to the lesser of your actual cost or what the school charges on campus students for R&B (technically the school's "allowance for cost of attendance" for financial aid purposes).

If you have something that is used both personally and for business you have to determine what percentage of use is business and what percentage is personal. If it's 50/50, you can deduct 50% of the cost. If it's 30% business use and 70% personal, you can deduct 30% of the cost. Keep a record of how you determined the percentage of business and personal use. In TurboTax, you will only enter the business portion of the cost.

I think you mean you borrowed money for your business and want to know where to enter the interest expense on your business tax return. If so, you would enter it under Interest Expense.    If you are reporting self-employment income in a personal TurboTax product, go to the section where you entered your self-employment income and expenses. On the screen that says Let's gather your business info, Update your Profit and Loss from Business, under Business Income and Expenses. Edit your business and under Business Expenses, choose Other Common Business Expenses. In that section you'll see a category for Interest expense. Enter the amount you reported in box 1 as your interest expense.    If you are working with the TurboTax Business software, you will follow a similar path to find the interest expense entry among the business expenses.

This is infuriating, I keep getting sent back to You're almost done, Fix these issues, "answers to review" shows NOTHING, I click fix and it just keeps reloading the page with nothing shown in the answer to review.  

To cancel a scheduled direct debit tax payment, you'll need to contact the state directly. Once your tax return has been transmitted and accepted, TurboTax cannot cancel, modify, or stop a scheduled state payment because the electronic banking authorization has already been securely routed to the state.   To stop the payment, follow these steps: Call the Delaware Division of Revenue customer service line at 302-577-8200. Have a copy of your 2025 tax return, your Social Security Number, your bank routing and account numbers, and the exact payment amount ready to verify your identity. Request that the agent cancel the scheduled electronic withdrawal. State revenue departments typically require you to call at least two full business days prior to your scheduled withdrawal date to cancel an automated transaction. If the Delaware Division of Revenue is unable to cancel the transaction in time, you can contact your bank directly to request a stop payment order on the transaction to prevent the funds from being debited.

The instructions for CA Schedule CA (540) state:  "Military Retirement Exclusion – For taxable years beginning on or after January 1, 2025, and before January 1, 2030, California law allows an exclusion from gross income for a qualified taxpayer that received retirement pay from the federal government for service in the uniformed services or annuity payments pursuant to a United States Department of Defense Survivor Benefit Plan during the taxable year, not to exceed $20,000."   So it does appear that the ability to exclude this income is limited to Survivor Benefits only.  If this does not apply to your military retirement income, you can use the following steps to not exclude the income from your California return:   Go back to the Personal tab, then click Personal Income. Click "I'll choose what I work on" Scroll down to IRA, 401(k) Pension Plan Withdrawals (1099-R) and click on Update. Click the pencil icon to the right of the 1099-R that applies to your military retirement. Keep clicking Continue until you get to the screen "Where Is your distribution from?" Click the "Other distribution" button This action will make your retirement distribution taxable to California.

You can't.  You are either a dependent for the entire year or you are not a dependent at all.  If you provided over half of your own support for the year, then your mother cannot claim you as a dependent.  She would need to amend her return and then take  you off as a dependent.  This generally does take a few months for them to process the amended returns.     How old are you?  Do you live with your mother? Did you move out of the house part way through the year?    If you do not meet the criteria below, your mom can not claim you.  If you do, then you cannot claim yourself for half of the year or any part of it if she already claimed you.  Being a dependent does not stop you from claiming a refund of taxes you had withheld.  You would still file your own tax return if you had income and then if qualified, you would get a refund.    The following criteria must be met to claim someone as a qualifying child: Your child (including adopted and foster children), your sibling, or a descendent of any of them. Age 18 or younger at the end of the tax year OR under 24 (and younger than you and your spouse) if they are a full-time student or any age if they are totally and permanently disabled Lived with you for more than 6 months during the tax year They did not provide more than half of their own support (social security does not count) They did not file a joint return, unless it was to claim a refund To claim someone as a Qualifying Relative, they must be: Your child ( including step children, adoptive children and foster children) or a descendent of them Your sibling (including half siblings) or a child of your sibling or a sibling-in-law Your parent or grandparents, including step parents and in laws Any other person that lived with you for the entire tax year Not a qualifying child of another taxpayer Someone that you provided over half of their support for during the tax year Has less than $5,200 in income (not counting social security)

You do not claim yourself as a dependent.  If you have been claimed as a dependent by someone else, then on your tax return you have to select that you are a dependent.   If you have earned income from work and receive a W-2 with federal and/or state taxes withheld then you file a tax return and based on your entries you could get those taxes back as a tax refund. Your parent cannot enter your earned income on their tax return.