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No, net profit for the rental activity does not make a difference on the amount of the gain, that net profit portion will be taxed at the regular tax rate.   The depreciation has been taken in full so the affect of that is it will be recaptured as ordinary income (no special capital gain treatment), and any gain above the depreciation claimed for all years. will receive capital gain treatment.   I will echo DavidD66 advice to seek consultation from a CPA, EA or tax attorney to be confident in the filing of the returns.   @fpc 

It sounds like you moved the IRA by distribution and rollover, not by nonreportable trustee-to-trustee transfer (or at least that's what the original IRA custodian is claiming by issuing a Form 1099-R).  If that's the case, the RMD was satisfied by the distribution from the original account and only the amount distributed beyond the RMD was eligible for rollover.  If the entire amount was rolled over, the portion that was RMD must be treated as an excess contribution to the new IRA to the extent that it exceeds the amount that you are eligible to have contributed as an ordinary IRA contribution.  With the RMD already satisfied by the distribution from the original IRA, the distribution from the second IRA was an extra distribution (or actually should have been distributed as a  nontaxable return of contribution, but the new IRA custodian would have no idea that that was necessary unless you requested such a distribution.)

Same here.  In my case, "fiddling" turned out to be a Force Quit of TT (when I tried to exit the proper way, the spinning colored wheel appeared).  When I relaunched and logged in,  TT actually found the file itself and then was able to download it.   Now I've got another problem with importing brokerage stuff. But I'm going to save that for tomorrow.

Are you using the Desktop installed program or the Online version?   If you used the Desktop program then your return is only saved on your computer.  So installing on another computer shouldn’t be able to see your return or info.   

Any Qualified Tuition Plan rollover into a Roth IRA is not taxable in Pennsylvania after January 1, 2024 provided it meets all of the federal requirements.   The federal requirements are -  that you have had the account for 15 years or more,  that all of the funds in the account are at least five years old  and that the Roth is in the name of the person who was the beneficiary of the 529 plan.     If you meet all of the federal requirements then save all of your records but that is all you need to do.  You don't need to report the rollover on your tax return.   Here is some information on Pennsylvania 529 conversions.

First I printed the depreciation form before I did an override so I knew what the correct entries were. I went to the form for the 3 assets identified and overrode the yes field to make the field NA. Then I went to the depreciation schedule and overrode the 3 assets value to reflect the correct numbers. When I reran error check a few more errors on that form popped up which were fixed with a simple override. Then the error check can back clean and I was able to file the Federal Return correctly. I am waiting to file Massachusetts pending an update from the State. My advice is to wait a few days for TT's fix   Mike

There are RMDs  for each retirement account, IRAs or 401(k).   The IRS allows IRA RMDs to be aggregated among themselves (i.e. you can take RMDs from any IRA as long as the total is satisfied. RMDs for 401(k) must be taken separately from each plan.

His principal residence would be where he is living permanently.  I am assuming since he has Alzheimer's, this is not a temporary place that he will be living. A mailing address does not make it a residence,  if he actually has a residence elsewhere.  So in this case, his home would be the facility. 

LIVE ASSISTED https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm     FULL SERVICE https://turbotax.intuit.com/personal-taxes/online/live/full-service/     Or….Post clearly worded, very specific complete questions here in the user forum.  We cannot see your screen or your tax return.     Phone support is not provided with the Free Edition.  If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there.  Otherwise, post your question here and someone will try to help.   To call TurboTax customer support https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh  

The IRS presumes that income reported on an IRS 1099-NEC to be self-employment income subject to both income tax and self-employment tax.   This IRS publication, page 10 states:   Self-employment tax   Generally, amounts paid to individuals that are reportable in box 1 are subject to self-employment tax.   Does the software think that a self-employment activity has not yet been started?  Or does the software refer to the IRS form 1099-NEC as 'not started'?   Please clarify.