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The scholarship was reported on your account in November so I would expect to see it in box 5 of your 1098-T. Expenses paid in Dec for the next 3 months can be included in your 2025 expenses. If your box 5 is greater than box 1, you will want to enter the amount on the screen titled aid included amounts not for 2025 so you can carry the scholarship income to next year. You will need to make a note of this for next year's taxes. 

Can you please help with how I actually input this into Step-by-Step? No matter what I do it shows Years to fully depreciate is 27.5 years. After the trade in there is only 16 years remaining.  I checked "I traded in an old asset to acquire this one", but doesn't seem to change. Thank you. I purchased both Home & Business, and Partnership 1065 business versions.  

Do you happen to know the name of the credit you are getting?  If you click on Taxes and Credits in the first image in your posting, do you see that credit listed as your go through the screens on that topic?   You shouldn't have to upgrade your version of TurboTax to claim the state credit.   Since you work for an employee owned company, it's possible that it is an employer tax credit that will get reported on a business entity return (such as a partnership or corporation tax return) and the amount of the credit you are receiving may get reported to you on a K-1 form for a partnership or S-Corp.  You may want to talk your company's human resources rep or the person responsible for filing the company taxes to find out more information about the credit you are supposed to receive and also how you are going to receive it and report it on your tax return.

You need to delete whatever you have entered and go through the step by step interview for this section.  Entering an amount directly into line 32 will not trigger the shared occupancy questions.  You need to start the interview out and let the system ask the questions and then it will enter the numbers into the proper locations for you as well as limiting the credit to 50% of what is available.

You are correct that if you can be claimed as a dependent for 2024, you can't contribute to an HSA, including employer contributions.  You need to remove the money before April 15, 2026, using a special "return of excess contribution" procedure.  This is not a regular withdrawal and may require an extra form.  The bank must return the contribution along with any interest or investment gains the money earned.   In Turbotax, you must report that you made the contributions.  If they were by payroll, this will automatically be captured from your W-2.  When Turbotax tell you that you don't qualify, this is excess, and asks if you will return it, you say Yes and follow the instructions.  If you got any interest returned with the contributions, you must report that as taxable interest income, using the interview for bank interest and check the box for "I did not get a 1099-INT for this interest."     You can't just pretend you did not have an HSA, the contributions and withdrawals need to be accounted for. 

TurboTax won't allow you to submit two Forms W-2 with the same EIN as it will appear to be an error.    To resolve this, add the amounts in each box of the W-2s together (e.g., if there are two Box 1 numbers, add the two together) and enter the totals in one W-2 form in TurboTax. Delete the second W-2 form in TurboTax if you started one.   @CompleteNoob   

You still answer yes. TurboTax (TT) wants to know if any expenses need to be allocated to the 529 distribution, whether reported on your tax return or hers.    You appear to be entering the 1098-T on your tax return.  That may not be right. Here's a post on the five main points on the  1098-T: https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114  _____________________________________________________________________________________________ Qualified Tuition Plans  (QTP 529 Plans) Distributions General Discussion It’s complicated. For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the Qualified Tuition Plan (QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.  The 1099-Q gets reported on the recipient's return.** The recipient's name & SS# will be on the 1099-Q. Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent. You can and should claim the tuition credit before claiming the 529 plan earnings exclusion (unless your income is too high).  The American Opportunity Credit (AOC or AOTC) is 100% of the first $2000 of tuition and 25% of the next $2000 ($2500 maximum credit). The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit. Room and board (R&B) are also qualified expenses for the 529 distribution, but not the AOC (R&B are also not qualified expenses for a scholarship to be tax free). But be aware, you can not double dip. You cannot count the same tuition money, for the tuition credit,  that gets him an exclusion from the taxability of the earnings (interest) on the 529 plan. Since the credit is more generous; use as much of the tuition as is needed for the credit and the rest for the interest exclusion. Another special rule allows you to claim the tuition credit regardless of whose money was used to pay the tuition. In addition, there is another rule that says the 10% penalty is waived if he was unable to cover the 529 plan withdrawal with educational expenses either because he got scholarships or the expenses were used (by him or the parents) to claim the credits. He'll have to pay tax on the earnings, at his lower tax rate (subject to the “kiddie tax”), but not the penalty.   Total qualified expenses (including room & board) less amounts paid by scholarship less amounts used to claim the Tuition credit equals the amount you can use to claim the earnings exclusion on the 1099-Q.  Example:   $10,000 in educational expenses (including room & board)    -$3000 paid by tax free scholarship***    -$4000 used to claim the American Opportunity credit  =$3000 Can be used against the 1099-Q (on the recipient’s return)   Box 1 of the 1099-Q is $5000 Box 2 is $2800 3000/5000=60% of the earnings are tax free; 40% are taxable 40% x 2800= $1120 There is  $1120 of taxable income (on the recipient’s return)   **Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!  When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry. On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."  ***Another alternative is have the student report some of his scholarship as taxable income, to free up some expenses for the 1099-Q and/or tuition credit. Most people come out better having the scholarship taxable before the 529 earnings. A student, with no other income, can have up to $15,750 of taxable scholarship (in 2025) and still pay no income tax. 

Yes, currently the import may not be available.  A solution can be to enter summary transactions if you have many transactions. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered. See holding periods below.   You can always use direct entry if you choose, with summary totals.  The only exception if wash sales, which must be entered separately, if you have any. How do I mail Form 8453? (review if alerted) Your IRS form 1099-DA reports gross proceeds, the digital asset, the number of units and the number of transactions. Select Wages & Income. Scroll to Investments and Savings. Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) >  Add investments. On the Save time and connect your financial accounts screen, select Enter a different way > Select Type it in myself, then Continue. OK, let's start with one investment type, select Digital Assets > Click Continue. On the screen Which bank or brokerage is on your 1099-DA, enter the information > Continue. On the screen Did you get a 1099-DA from XXX?, select Yes.  Click Continue. Answer the questions at the screen Tell us about the sales on your 1099-DA Any digital currency you purchase becomes income at the time you redeem or sell the digital currency and must be reported . Cryptocurrency Guide (digital currency) Holding Periods: Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax) Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate) @minifleesd 

Here is the breakdown of your state tax filings: VA: Separate filing required if only one spouse is a VA resident. Virginia Tax Filing Status DC: Optional separate filing for married couples if it lowers tax.  In your case it looks like the Married filing separate on a joint return is not beneficial.  2025 D-40 Booklet P.12. RI: If you filed a joint federal return but one spouse is a Rhode Island resident and the other is a nonresident, you must file separate Rhode Island returns unless you both elect to file a joint RI return as if both were residents. Individual Tax Filing Requirements   To file the separate state returns, all three require you to create a "mock" federal return to use to create the state tax return.  See How do I prepare a joint federal return and separate state returns.

Does anyone have any update on this? I spent two hours on chat support and went through everything last week, including deleting the state return and re‑entering it, but nothing fixed the issue. The person who assisted me was very nice and genuinely tried to help, but it turns out this is a software problem on TurboTax’s side. I was told there would be a major update over the weekend that should resolve it, but the issue is still not fixed, and I’m stuck in the same loop. What’s especially frustrating is that this happened after I finished my federal return and paid the filing fee. My federal due has already been taken out, and I was counting on receiving my state refund around the same time. If anyone from TurboTax is reading this thread, please address this with a sense of urgency. Many of us are stuck and unable to file because of this bug.

You can amend your West Virginia state return in order to change previously reported information. Log in to TurboTax, go to Tax Home, scroll down to your tax returns & documents, select the year you want to amend. Then select the Amend (change) return drop-down. Choose  Amend using TurboTax Online. On the "Why are you amending?" screen, choose "The IRS or state contacted me" and "Continue," this will allow you to just amend the state and leave the federal return as it was. Navigate to States > West Virginia to make the adjustments.   See: How to amend your state tax return - TurboTax Support Video for more information.

I suggest you look at your Form 1040 and see what your tax and income is.   You self-employment income would appear on Schedule 1, line 3. Your self-employment tax would be on line 4 of Schedule 2. Your income tax would appear on line 24 of form 1040. Your adjusted gross income is on line 11 of Form 1040.   You can see Form 1040 and schedule 1 to 3 while working in the online TurboTax program as follows:   Choose Tax Tools from your left menu bar in TurboTax Online while working in your program Choose Tools Choose View Tax Summary See the Preview my 1040 option in the left menu bar and click on it Choose the Back option in the left menu bar when you are done      

You can follow these FAQ instructions to enter your foreign income, some of which may qualify for exclusion: Here's how to enter your foreign income: Sign in to TurboTax and open or continue your return. Search for foreign income. Answer Yes to Did You Make Any Money Outside the United States? and follow the onscreen instructions. If you lived and worked in a foreign country, you might qualify for the foreign income exclusion. We'll ask questions to see if you qualify after you've entered your foreign income. If you need to return to these entries, you'll select Federal > Wages & Income > Less Common Income > Foreign income    See also: Claiming the Foreign Tax Credit with Form 1116 | Where do I enter the foreign tax credit (Form 1116) or deduction?

First, if your mother had actually received the social security check while she was alive, then you could have added it to her tax return. However, since you actually received the money after her death, then it must be added to your income. Income in respect of a decedent (IRD) is taxable on the return of the beneficiary.   Next, if your mother's income is below the filing requirement for her age and income, you are not required to file a final return for her. Do I need to file a federal return this year? Do I need to file a state return?  - Every state is different, just click on your mother's state to see if she is required to file even if no federal return is required. As you discovered, social security is taxable if you meet the requirements. See the rules below.   When will some social security income become taxable? if half of your social security, combined with your other taxable income is below the following base amounts, then none of your social security would count as taxable income. The base amount for your filing status is: $25,000 if you're single, head of household, or qualifying surviving spouse, $25,000 if you're married filing separately and lived apart from your spouse for the entire year, $32,000 if you're married filing jointly, $0 if you're married filing separately and lived with your spouse at any time during the tax year.  Social Security Income FAQs @moonstruck68 

Every situation is unique.  However, both the child tax credit and the earned income credit are based on income from working (wages or self-employment).  If you have less than $5000 of earned income, you won't qualify for anywhere near the potential maximum credits.  

Your income was very low.    The refundable child-related credits are based on the amount of income you earned from working, so it is not surprising that your refund is low.   Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2025 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   If your dependent was a full-time college student, make sure you were careful on the MY INFO screen for “Uncommon situations” and that you indicated there that they were a student.   Have you entered income from working in 2025?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2200 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you canget—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2025, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents     And for the Earned Income Credit—-   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09   https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant   https://www.irs.gov/pub/irs-pdf/p596.pdf   Look at your 2025 Form 1040 to see the child-related credits you received   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28