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Please clarify with a specific asset that you believe has the incorrect depreciation, such as the rental home, appliances, other assets. This will allow us to be more specific with assistance for  you. Also you will see attached a link to the depreciation tables: IRS Publication 946 - Depreciation Tables If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)   TurboTax Online: Open your return -Go to the menu panel on the left side of your return and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center.   On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information. TurboTax Desktop: If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps: Click on Online in the top left menu of TurboTax Desktop for Windows Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number. Enter your email used for TurboTax > Enter your code > Send Write down or send an image of your token number and state then place in this issue. We can then review your exact scenario for a solution. Please also tell us any states included in the return. This is necessary for us to view the return. *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')   We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

You wrote: Crucially, ensure the Recipient is marked correctly (Parent vs. Student).   Who is the recipient? On our children's 1099Q's instructions it states the recipient's TIN is on the form. All our Coverdell's TINs are our children's SSNs.  On all Coverdell 1099Q's for the past decade (4 college students) box 2 earnings and box 3 basis have always been blank. Vanguard customer service told me they do not keep track of the earning and basis, and that's because the owner keeps track of those amounts on their tax returns from year to year. Turbo Tax should continue because as far as I know still a requirement.  

When viewing the 1099-Q in FORMS, do you have 'Dependent' checked as Beneficiary, and 'Taxpayer' checked as Recipient in A and B?  If you don't have 'someone else' checked for either of these, there should be no worksheet created.   If there is a link when you click on the arrow in Box D, you should get an option to 'Remove Link'.    You may need to Delete Form 1099-Q and re-enter it if this doesn't correct the error.   @palonline         

Did you have any foreign taxes that you paid?  If everything is zero then it isn't right if you are supposed to have a foreign tax credit.   Please clarify - where did you enter the foreign taxes if you did have a credit?  If it came on a 1099 that you received from a broker then the way that you entered it may not be correct.  You may need to go back and re-enter the information and double check your answers.

Residents 59 1/2 and older can exclude up to $20,000 of qualified non taxable pensions in the state of New York.  To make sure TurboTax calculates the exclusion on your return:   Open or continue your return. Go back through your entries for your 1099-R on your federal return. Edit for your New York return. Follow the on-screen instructions until you reach Changes to Federal Income. On this screen, select Start next to Received retirement income. On your Retirement Distributions Summary, select Edit next to the pension you’re reviewing. If no more info is needed for your state return, you’ll see the message We don’t need any further information about the retirement distribution. If New York needs more info for your pension distributions, answer the questions on the following screens, until you return to your Retirement Distributions Summary. Select Done. If you qualify to take the deduction, you will be able to see the deduction on the Pension Deduction Summary.    Is my pension distribution taxable in New York?

THANK YOU SO MUCH!!! I have been using the forms trying to figure out our children's education expenses, but didn't catch on The Student Information Worksheet, Part VI Education Expenses, Qualified Elementary and Secondary Tuition Smart Worksheet, #18 used for credit the amount was defaulting to $10,000 for all my children when that amount should be $4,000. How are people supposed to catch the incorrect amount when they are using the step by step input? When I manual changed the amount on the form used for the credit to $4,000, none of my children's ESAs are taxable. Also, I was happy to see our 1099Q's transferred over from last year (since I can't add them this year), and I can manipulate them in the forms worksheet section to get our ESAs basis.  Turbo Tax has been doing from me on our return since we started taking distributions a decade ago. This is incredible complicated for a person not familiar with the additional worksheets in the forms section. Turbo Tax has always, and should still be doing these worksheets for your tax return in the Deluxe edition. You almost have to be a tax accountant to figure this out. I have an accounting background. Also, Pub 970 stated if you're using more than one QTP with an ESA you have to divide the expenses between the 2 distributions since you can't double dip on expenses. A lot of these calculations are complex especially if you have excess distributions with an education credit. Turbo Tax should continue to do these education worksheets for your tax return.

You clearly understand the e-file vs mail file so there must be a reason you aren't able to file.  For example:  a form isn't ready error in the state return the state is updating their filing system override in the system missing ID for the state system to match -need driver's license, prior AGI, etc.  Please go back to see if you have an e-file error, a review error, an override, missing information, etc. A first time IL NR filer, must paper mail. @Brad999 

No, Apple Health does not issue a 1095-A for Medicaid healthcare. It is possible to receive a 1095-B, which is not required to be entered on your tax return. Medicaid Coverage: If you had Medicaid for the whole year, you do not need to wait for a 1095-B or 1095-C to file your taxes, as Medicaid is considered minimum essential coverage.

Thanks @MarilynG1.   In 2024, I had 5 real estate investment K-1s. One of the partnerships sold all the real estate and closed, so I finally had a gain, which enabled me to use losses from the other K-1 investments. Below in line 2, you can see the total allowed loss differs between regular tax and QBI. Now for the first time, my QBI carryover and regular tax are different (QBI is lower) by the difference in line 2. Does that seem right to you?   Also, I had losses going back to 2022. Why didn't TurboTax use losses from earlier years? One of the forms said that it should be FIFO, but here it seemed to use the most recent years.  

There are two different PIN numbers used on a tax return.  There is a 5 digit Self-Select pin to e-file the return - if you filed with TurboTax last year, look for the Federal Information Worksheet on your 2024 return - they will be a 5 digit number that will be called a signature PIN.   If you get a 6 digit Identity Protection PIN either because your tax identity was used for fraudulent tax return activity or because you requested one from the IRS, please see Get an IP PIN for details on retrieving that.

As I go through your tax return, the only item that makes the change is to enter positive income on Schedule C for one of the businesses. It's not clear why there would be negative income, even if you are on the accrual method of accounting. The Gross Income would never be a negative number.    Review you return and provide details if you can assist you further.   @MPBreese