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If you are operating a farm as a business, you should enter your income and expenses on Schedule F and can enter the property taxes there.   If you have property with trees but are not operating it as a business, then you can enter your property taxes on Schedule A along with any other real property.   See this TurboTax tips article for more information about Schedule F.  

To enter your Colorado estimated tax payments,    Go to Deductions & Credits  Select Add more deductions.  Navigate to Estimates and Other Taxes Paid Estimated Tax Payments  State estimated taxes for 2025.  Here you can enter your Colorado estimated payments.

Under SECURE ACT 2.0 a 529 Plan direct transfer to beneficiary ROTH IRA is allowed.  $7000 times 5 years for a total of $35,000. Are you saying that the State of Alaska (my 529 plan) does not follow SECURE ACT 2.0?

My issue was because of an invalid license key sold by a bogus website, bighometax.com. Purchased a legit license from Amazon, changed the license key using "Help - Switch Product", and the problem was resolved.

Hi LeticiaF1,   Thank you for your answer.   I am using the TurboTax Desktop (Mac) version to prepare amended returns, and I would like to confirm something clearly before proceeding. On the “Select the Return You're Ready to E-file” screen (see first snapshot), I choose: • Do not e-file my federal amended return now, I’ll do it later • E-file my New York amended return now   From your experience, can I fully rely on the system to transmit only the New York amended return and not transmit the federal amended return when I select “Do not e-file” for federal? I would like to e-file my NY amended return (since NY encourages e-filing when available), but I need to be absolutely certain that the federal amended return will not be transmitted unless I complete the federal e-signature step and explicitly authorize transmission by E-signature. My concern is that if, due to a system glitch or hidden mechansim, the federal amended return were accidentally transmitted, it could create a conflict with my previously mailed federal amended return that is currently pending and has not yet been processed by the IRS.   For that reason, I would greatly appreciate clear confirmation that selecting “Do not e-file my federal amended return now” and NOT seeing IRS e-signaure page (see final snpashot) fully prevents any federal transmission in the desktop version.   Kindly help confirm this so that I may proceed with the NY e-file with confidence. Many thanks for your answer.   

 To enter your multiple 1099-INT forms follow the steps below:   Launch TurboTax Select Wages & Income and select Revisit Select the dropdown by Investments and Savings Select Add investments to add additional Form 1099-INT's. Refer to the TurboTax articles Where do I enter Form 1099-INT? for detailed instructions.  

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.