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Good news. As of the update that installed this morning, the software seems to be correctly determining eligibility without changing the placed in-service date to match the purchase date. I think I still got a message that I didn't qualify for the credit at the end of the step by step, but my federal taxes weren't increased by $7500 to pay back the credit transferred to the dealer.

Good news. As of the update that installed this morning, the software seems to be correctly determining eligibility without changing the placed in-service date to match the purchase date. I think I still got a message that I didn't qualify for the credit at the end of the step by step, but my federal taxes weren't increased by $7500 to pay back the credit transferred to the dealer.

Information flows from the federal return to the state return.   Although you will use standard deduction for your federal return, go ahead and enter the itemized deductions into the federal return so that they will flow to the NY return.

Can you provide more information the difficulty you are having submitting your New Jersey state tax return?  Is TurboTax giving you any messages or information as to why your New Jersey return is not being submitted?  Have you run the Smart Check in TurboTax on your New Jersey return to see if there are any errors in your return that need to be cleared before it can be submitted?

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@user17708816567 I agree with @mesquitebean.    If your refund came directly to your bank from the IRS it will show on your bank account as having come from the U.S. Treasury or the IRS.    If the IRS shows that they sent the amount shown on line 35a of your Form 1040, but the IRS sent less, then your issue is with the IRS.   If the refund went through some third party---like Green Dot Bank, or some other bank.....then your issue is with the third party bank.   Compare the amount shown on line 35a of your Form 1040 with the amount the IRS refund site says they issued to you.

Most guidance that I am seeing states that interest earned on a certificate of deposit must be reported in the year it is earned, regardless of if the bond reached maturity in that year.  From personal experience, I had a 10 month CD that matured in January, 2025, but I was issued a 1099-INT for the 9 months I had it in 2024 and had to report that interest on my 2024 return.

I am not yet sure whether the above approach makes 8949 and 1116 consistent.  Let's work with specific numbers:   Sale Price was $50K Taxes Withheld on Sale $15K FMV on Deceased Death $150K Expenses Definitely Related to Sale $50 (appraisal to establish FMV)   In this email, I first want to make sure 8949 is correct, then depending on the response, I will get to 1116 in the following email.   Proceeds: Should this be $50K or $35K?  In my bank, $35K was deposited but deed says sale price was $50K Cost Basis: This is easy, $150K Adjustment to Gain or Loss, $50   Thanks.   @DaveF1006   

Follow-up questions.  Since I am the plan administrator, can I recharcterize my excess contributions from last year from employee to employer contributions and apply them to 2026 tax year?   Thanks in advance

I wish this was true, but there still appears to be no way to ever find questions or a way to update information related to 4. The next screen will say "Let's enter [name]'s HSA contributions".  You can enter the contributions you made outside the employer plan in the lower box (the top box has the employer contributions automatically carried over from your W2). I can get questions about additional employer contributions, overfunding a prior year, etc., but somehow never a way to enter direct contributions by me for this tax year.

Thanks for the suggestions!  I've been through each item you suggested, and I think I found the smoking gun (Item 1).  Regarding your 5 suggestions below: 1.  If I take the % of my UPE to my total K-1 income (Box 1), and I apply that percentage to both the SEP Contribution and 1/2 SE tax, it sums to $287!  Turbo Tax must be adding that % back to my QBI as an added benefit.  Evidently, H&R Block doesn't do that. 2.  $1435 is more than my total UPE and a lot less than my SEP deduction, so can't be that. 3.  I have numerous sources of income (W-2s, 1099s) that exceed the K-1 income, so couldn't explain the $287 difference. 4 & 5.  The root of the problem is that nowhere does TurboTax explain how they generate the QBI number.  My QBI Component Worksheet does not have a line "Self-employment tax deduction allocable to this business," nor does the QBI Deduction Summary, nor does Form 8995-A.   

Windows might be restricting installations to only the Microsoft Store. Go to Settings > Apps > Advanced app settings (or "Apps & features"). Under "Choose where to get apps," change the setting to Anywhere.

Nothing worked because I was locked out of the form -- I couldn't make any changes/deletions etc. with my keyboard. There was a blank line as the first entry but I couldn't delete it. I ended up trashing the entire Schedule C and recreating it.

You'll need to file an amended return if you determine that you have made an error or have omitted something from your tax return.   Please read this TurboTax Help topic on how to amend a prior-year tax return.