All Posts

You can still file your 2024 return.  It is important to file an unfiled return because there is no statute of limitations on an unfiled return.  You can file a past due return anytime, but you only have 3 years from the original due date of 4/15/25 to claim a refund, if you are due one.  See: Claim a refund   If you have not started a return in TurboTax Online that you can log in and continue to transfer to a Desktop version, you can start by downloading the 2024 software here: File your 2024 taxes

To complete and file a 2024 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2024 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/   A 2024 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.

TO ENTER THE NY INFLATION REFUND CHECK IN TURBOTAX (1099-G):   1.Open your return in TurboTax. 2. Go to Wages & Income in the Federal tax section. 3. Under State and Local Tax Refunds (1099-G) click Start or Edit. 4. When asked about the refund you received in 2025, enter: Tax return year: 2023 Payments and withholding: 0 Refund amount: enter full amount for MFJ or ONLY YOUR SHARE if half of the total amount on the 1099-G Continue. 5. You will see the question “Does either apply to your 2023 New York return?” Choose NO (even though you took the standard deduction) 6. On the “Tell us the taxable amount of your refund”, enter the SAME AMOUNT you entered before    

There was an update to Schedule E recently, if it didn't transfer you may need to enter the information from your 2024 tax return. The only other option would be to clear and start over, if you have not yet paid, to see if the import of information transfers to your 2025 return. How do I clear and start over?

Ah. Thank you @ChuckA58RI . I didn't see an override selection anywhere. I did try double clicking on that value but that didn't do anything. Just now I tried right clicking on it and Poof! a pop up menu where I could choose Override and I could change it. This is the correct way to fix it. You can still select Estimate instead of W-4 at the beginning of the TurboTax Step-by-step process as you wish and then just fix the worksheet. That Override function is not obvious.

@ae_servati    Yeah, box 2a should be left blank.   On one of the pages AFTER you enter all your CSA-1099-R tax form data, there is one screen  that asks if in prior years was the total amount taxable...you need to answer NO, ant then the General and Simplified methods will be presented as choices  in the next screen...for you to then enter the appropriate information to calculate what the proper taxable amount really is.   Make sure you did NOT select the SEP/SIMPLE/IRA box on the main form.  

The depreciation will not link from Form 3115 to your Schedule E. Be sure to get the total accumulated depreciation prior to 2025, and enter that number on your Schedule E under 'Any Miscellaneous Expenses' then use the description F3115 Section 481(a), then add the amount. Your depreciation schedule will maintain the information for each asset for future use.   @RK-S