All Posts

I am in the process of doing my deceased husband's Trust in TurboTax Business. I have completed deductions for  three rental properties but when I get to the part where TurboTax ask me "if I have any other property expenses", I reply "yes". The problem is what  I write down for one rental property appears for all three properties. Can you help me? I believe this is a programming problem. Judy Wade

If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Thank you very much!!  My Token # is 1332829   I have two states that require a return, CA and PA.  I've noticed that the federal Form 4562 error directly impacts the CA Form 3885A that uses the federal Form 4562 directly.  I have not determined whether or not the PA return is also impacted, so I'd greatly appreciate if you could determine that and fix if necessary.  Thanks so much!

The basis for the vehicle is the cost of the vehicle, plus sales tax, registration fees and any improvements made to the vehicle. The basis is used to calculate the depreciation amount when using the actual expenses method instead of the mileage rate.    Form 2106 has been discontinued for most taxpayers for years 2018 through 2025, it is used to report unreimbursed employee expenses.  There are some specific employees that are still able to claim these expenses like Armed Forces Reservists (traveling more than 100 miles), Qualified Performing Artists (with AGI under $16,000), Fee-basis State or Local Government Officials, and Employees with Impairment-Related Work Expenses.     About Form 2106, Employee Business Expenses Where do I enter job-related employee expenses? (Form 2106)

Did you report that you didn't rent the property all year? If so, TurboTax removed all information about your rental property. You can fix this by changing your answer to rented for one day (no personal days). Then go to the Sale of Property topic and enter your sale information.   @smjaskilka

The installation usually does this for you, but if it's missing, you can create a manual shortcut: Open File Explorer and go to the folder where TurboTax is installed. It's usually here: C:\Program Files (x86) OR Program Files\TurboTax\[Your Version] 2025\64bit Look for the file named TurboTax.exe. Right-click it, hover over Send to (you may need to choose show more options), and select Desktop (create shortcut).

It's now one week after your post and fields to enter Room and Board are still missing.  It's also adding back part of 529 plans as taxable.  This is getting to be ridiculous and I'm going to move on from TurboTax after 25+ years.  Pathetic it's not being addressed.

Sorry for jumping in. My son and I are in the same boat.  My son was covered only for Jan.  Starting Feb I got him out of the insurance since he started working and got his own insurance from work outside of marketplace.  Now I have got a 1095-A which lists my wife and all my kids including him. The numbers for Jan are obviously higher than the rest of the months.  I didn't have to pay any premium out of pocket.  We plan on allocating 100% to me and 0% to him.  How would his 8962 look like?  Does he have to enter amounts for all the month rows or only for Jan when he enters 1095-A on his side? Last thing we want is either one of us to pay for the premiums.