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If you upgraded the electrical panel as part of the solar installation, you can add the cost of the panel installation to the total solar costs when entering information in TurboTax for the home energy credit.   The separate electrical panel board credit is only for improvement or replacement of enabling property such as air conditioners or heat pumps. Solar energy is not part of this credit.   To enter solar installation costs in TurboTax Online, go to: Deductions & Credits>Your Home>Home Energy Credits   See this TurboTax article for information on which home improvements qualify for the energy tax credit.

When entering a 9-digit state payer ID into a field that has been restricted to 6 digits, you should enter only the last 6 digits of the state ID number. This usually works.   Make sure that you are not including any dashes, spaces, or leading letters in the box unless instructed.   If the last 6 digits are not accepted, you can try entering the first 6 digits.   Leave it blank if no state tax was withheld.  

When you itemize deductions using Form 6251 for AMT, you must add back some of your deductions.  In this case if TurboTax determines that your Standard Deduction is more advantageous, then it will select it for you.  If you want to use your itemized deductions, you can switch between deductions in the program.   TurboTax Online Go to the screen: Based on what you told us, [either Standard Deduction or Itemizing deductions] is right for you, and select Change my deduction. On  Which deduction do you want to take this year? popup, you'll see the dollar value of each deduction type. Select the type of deduction you want and select Continue twice. TurboTax Desktop Open or continue your return. Select Federal Taxes. If using Home & Business, select Personal. Select Deductions & Credits. When asked how you want to enter your deductions and credits, select I'll choose what I work on. Scroll all the way to the bottom of the Your 2025 Deductions & Credits screen and select Done with Deductions. Continue until you see The Standard [or Itemized] Deduction is Right for You! Select Change my deduction and choose which one you'd like. Select Continue to apply any changes. How do I change from the standard deduction to itemized (or vice-versa)?   @user17733704952   

Yes, you are correct that the IRA/SIMPLE/SEP box should not be checked.  And yes, you will check that this 1099-R is going to be for 2026 - even though you are reporting these items on the 2025 return, the actual withdrawal occurred in 2026 and would be required to be reported by the IRA custodian on a 2026 1099-R.   No, you will not report the 2026 1099-R on your tax return for 2026 since it related to a 2025 event and was already reported on your 2025 return.  When you receive the 2026 1099-R for the excess earnings, simply file it with your other tax documents, but do not include it on your 2026 tax return.

If you’re a W-2 employee, under the Tax Cuts and Jobs Act you won’t be able to deduct unreimbursed business expenses on your federal return, but you may be able to deduct them on your state return. There are exceptions if you’re an armed forces reservist, qualified performing artist, or fee-basis government official.   Refer to the TurboTax article Are Unreimbursed Employee Expenses Deductible? for more information.   If you’re an independent contractor, you can deduct your subscriptions on your Schedule C.   Refer to the TurboTax article Where do I enter Schedule C? for navigation instructions.  

The penalty on 1040 line 38. It's not for filing or paying late.  It doesn't have to do with last year's tax return or not paying estimates for this year.  The penalty is an "estimated" amount.    It's a penalty if you owe too much or for not paying in enough withholding during the year or not paying in evenly.  Even if you are getting a refund you can still owe a penalty.   The underpayment penalty amount Turbo Tax calculates on your 1040 or state is only an estimate.  Turbo Tax can not figure it accurately because they don't know exactly when the IRS or state will get your return and tax due payment.  It's very common and normal and expected for the IRS or state to bill you for more or send you a refund.   If Turbo Tax calculates a penalty on 1040 line 38…..You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.   It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button

You enter the Schedule K-1 information in the Wages and Income section, then Business Investment and Estate/Trust Income, then Schedule K-1. After you enter your K-1 schedule, you will come to a screen that says Describe the Partnership. On that screen there will be an option that says I have passive activity losses carried over from last year. Check that box and on the next screen you can enter the  passive loss carryovers. 

An underpayment penalty is charged by the IRS if you did not pay enough tax throughout the year through withholding or estimated tax payments. This penalty aims to encourage taxpayers to pay their taxes on time and in sufficient amounts. You may owe an underpayment penalty if you owe more than $1,000 in tax after subtracting withholding and refundable credits, and you did not pay enough quarterly estimated taxes or withholding by each deadline. There are exceptions to this penalty, such as if: 1. Your total withholding and timely estimated payments equal at least 90% of your current year's tax or 100% (110% if higher income) of last year's tax. 2. You owe less than $1,000 in tax after credits. 3. You qualify for certain special rules like being a farmer or fisherman. 4. You were unable to pay due to a casualty, disaster, or unusual circumstance. The penalty is calculated using Form 2210 and usually includes interest on the underpayment amount.

Same boat. Filed a non resident Ny return accepted on 2/5 but still processing. Shameful as they blame Turbo Tax’s software not updating resulting in delays. I don’t think they have any money to actually pay people. Too many migrants getting their funding before citizens. Comical