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While Form 4562 is ready, the work on that section of TurboTax is still in process. It is expected to be made available later this week with the end of week updates. Check back after Friday, 2/20/2026 .

To enter business vehicle expenses for Schedule C go to the Business Vehicle Expense section:   Provide details about the vehicle: Total miles driven during the year. Portion of miles driven for business purposes. Select your deduction method: Standard mileage deduction/Actual expenses (Selecting this option will lead to questions regarding the vehicle's depreciation.)

Yes.  You can still owe a penalty when you  have an underpayment due to change in status.  However, you can  request to have the penalty waived if the underpayment was due to a reasonable cause.   " If you have an underpayment, all or part of the penalty for that underpayment will be waived if the IRS determines that: • In 2024 or 2025, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause (and not willful neglect);"   The underpayment may also be avoided if: You paid 90% of the tax that you owe for the current year. If the current taxes paid are equal to 100%, (110% for higher incomes) of your taxes owed the prior year. The IRS also says you can probably avoid the penalty if the amount you owe is less than $1,000..    For more information, see, Guide to IRS Tax Penalties: How to Avoid or Reduce Them.  To do this in TurboTax you will select the following: Federal Other Tax Situations Underpayment Penalty Answer the questions and follow the instructions to determine if you can get a waiver from the penalty.  

the 1099- NEC state box was blank and in the State number box is has "no." I tried putting in the EIN of the company and putting in NY for the State but keep getting error messages tht you can't duplicate the state.   not sure why there is two state lines.  I tried leaving it blank but nothing I tried worked.      I reached out to the software provider Deel, the company that issued the 1099 for he employer but they haven't solved it or updated it yet but is aware that Turbo tax isn't accepting it.    

  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. 

You can't enter those room and board expenses yet. This is a known glitch in TurboTax (TT). They are working on it (no announced fix date).   The 2025 education and 529 sections appear totally redesigned, from last year.      The 1099-Q is  only an informational document. The numbers on it are not required to be entered onto your (or your student's) tax return. The interview is complicated and it's easy to make mistakes. Avoid it if you can and you probably can.  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. 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 (you don’t need it). You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. You also cannot count expenses that were paid by tax free scholarships. References: 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."  IRS Pub 970 states: “Generally, distributions are tax free if they aren't more than the beneficiary's AQEE for the year. Don't report tax-free distributions (including qualifying rollovers) on your tax return”. "IRS Publication 970, Tax Benefits for Education states: If the entire 1099-Q went to qualified expenses, room and board, tuition, etc; then, you do not need to enter the form." 

TurboTax Online automatically saves your progress during the interview. When you sign out, your work is saved before you exit.   After filing, you will also have the option to save a PDF copy of your completed tax return to your computer. This lets you to easily view or print it without needing to sign in again.  

Not sure what you mean.   "Retired" is not a filing status.   You only enter "retired" as an "occupation" if you want to use it;   the IRS does not use your occupation in any way that affects your tax due or refund.

The work on this section of TurboTax is continuing and expected to be completed with an update coming after Thursday night (2/19).  The best time to check for a change will be Friday (2/20). @elf113551 

If you received interest, you get a 1099 INT.    If you paid interest on a mortgage loan, you get a 1098 from the mortgage lender.   If you paid interest on a student loan you get a 1098E from the student loan lender.

I suggest that you check the status of your tax return and refund on the IRS Website. You can use the Where’s My Refund.  You will need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your retur

You will want to wait until you receive your refund (or the balance due is paid) before amending.    If you filed your 2024 return in TurboTax Online, and wish to e-file an amended return, it is possible.  Contact TurboTax to receive your free download (if you filed in TTO, you will most likely qualify). If you filed elsewhere in 2024  or don’t qualify for a free edition, here is a link to purchase a copy: https://turbotax.intuit.com/personal-taxes/past-years-products/   Once you have your copy of 2024 TTD, go into TurboTax Online. Go to Tax Home, scroll down until you see 'Your tax returns & documents'. Select the year '2024' and then ‘Download .tax file’.  Open TurboTax Desktop and select ‘Amend a Filed Return’. Then select ‘Find a .tax file’. Select the file from your downloads. Highlight the file and then select, ‘Open’.  You may want to go to File > Save As and rename the file.    Go back to the main screen and select ‘Amend a filed return’. Select ‘Find a tax file’. Highlight the renamed return and select ‘Open’. Select ‘Continue’.    Select ‘Yes, I’ve already filed my return’. Then select ‘I need to amend my 2024 return.’ Select ‘Continue’. Select ‘Update’ next to the section that needs to be amended. Once the section is updated, you will be brought back to the initial screen with ‘Update’. If you need to amend an additional section, click ‘Update’. If you have entered in all updated information, select ‘Done’.     Answer any questions in the next sections, click ‘Continue’ until you get to the screen ‘Why did you need to amend your return?’ Enter a brief description of why you need to amend. Click ‘Continue’ for the next few screens, until you get to the amended return summary. Review the summary for accuracy. Click ‘Continue’. Print and save your return.   Click on the ‘File’ tab above to file your return electronically. Then choose ‘Electronic Filing’ and then ‘File Electronically’. File the instructions. There may be some situations where the IRS does not permit e-filing. In this case, the return will have to be mailed in. 

You generally receive Form 1099-INT if you are the recipient of interest from a loan you made. Conversely, if you paid mortgage interest, you typically receive Form 1098, which reports the total interest paid during the year.