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The IRC 45R credit is specifically for small businesses that purchase health insurance through the Small Business Health Options Program (SHOP) Exchange. The credit amount is determined based on your nonelective contributions and the average premium for the small group market. There is a phase out based on the number of full-time equivalent employees and your average annual wages.    See Small Business Health Care Tax Credit Questions and Answers: Calculating the Credit for specifics on your individual situation or ask again with details.  

To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0

Per @MonikaK1  Expert - she posted yesterday  "I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th."     There are many many threads regarding this ongoing issue for weeks under several different categories in the Community.  Many of us are extremely frustrated with Turbo Tax - it's absolutely unacceptable that this section has been unavailable since I purchase the Desktop Premier back in December.   H and R Block and other tax providers have all had their depreciation sections available.  

@outbreath11 You would need to complete the form outside of TurboTax and then included it with your tax return.  Your tax return can only be printed and mailed if you are including this form, it cannot be e-filed or attached to an e-filed tax return.   IRS Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund - https://www.irs.gov/forms-pubs/about-form-8621

There is not a known issue with Minnesota returns where the withholding amounts are being doubled.     If you are willing to share a diagnostic copy of your tax return, someone can take a closer look and try to offer a solution for you.  The diagnostic file is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Online:   Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response.   TurboTax Desktop/Download Versions:   Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number  (including the dash) that was generated in the response.   * (If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)  

If you had a carryover from 2023 it should have offset any 2024 gains or it would have given you a 3,000 loss in 2024 and  you should have sch D.   Do you have an amount on 2024 1040 line 7?     You have to report the carryover every year until it's used up. You can't skip a year. Even if you don't report it on your return you have to reduce it by the 3,000 (1,500 MFS) when you carry it over to next year. You can't choose when to use it.  You may need to amend your 2024 return if you didn't report it.   Or at least add it into the 2024 return to get the carryover amount to 2025.   But if you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.   If it didn’t transfer over from last year then Enter a Capital Loss Carryover under Federal Taxes or Personal (Home & Business) Wages and Income Then scroll down to Investment Income Capital Loss Carryovers - Click Start or Revisit        

Yes, the error was mine, as I didn't answer the questions about IRAs correctly.  I now see Form 8606 generated when I look through the return.  Only Part II applies to my Roth conversion.   My next issue is filing Form 8606 for 2024, when I did another Roth conversion, and the accountant did not include the form.  Thankfully, there is no change to my tax liability, as the full amount was included in my income.  

Yes, a W-2 employee that is a tractor trailer driver can claim the no-tax on overtime deduction.  A independent over-the-road driver can't.   You stated:  "Overtime for UPS Feeder drivers (Tractor Trailer) may qualify for the No Tax on Overtime deduction only if it meets the criteria for 'qualified overtime compensation." This is correct. The driver is a W-2 employee that earns overtime over 40Hours required by the Fair Labor Standards Act  "However, state-mandated overtime or amounts above time-and-a-half pay required by FLSA do not qualify." Non qualified overtime includes State-mandated daily overtime, Contractual premiums, Bonuses, and Pay for exempt employees. There also may be collective bargaining, contractual holidays, and overtime that are not covered. [Edited 02/15/2025 |10:54 AM PST]

Another issue that is coming up is that the excess Roth was caught the next year, in 2021 and converted via back door Roth to get it out of the Form 5329 going forward.   With that said, do I amend the 2020 to reflect this change that was actually fully realized and reported in TY 2022 for 2020 and 2021?