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I agree that preliminary data should not be used as final and it also may be true about Fidelity releasing in batches but I do not nor have I confirmed that.  While I can download from Fidelity outside of TT but TT can't download it apparently but TT says it was a success and their is nothing there.  I am not in the habit of pounding any manufacturer unless their product is deficient as this one appears to be because it says success when it's really a failure.  No input from the developers of the program so all we have are people guessing what the problem is and doing their absolute best to point to everything but the software.   Not too worry, I won't use the download feature as it is non functional and this will be the last time I use TT.  It is not worth the effort or frustration.

If you are self-employed, receive Form 1099-NEC or 1099-MISC and have business income and expenses, you will need to use an edition of TurboTax that covers these topics. For self-employed individuals (sole proprietors, freelancers, contractors), the best TurboTax options are TurboTax Premium (Online) or TurboTax Home & Business (Desktop/Download). These versions handle Schedule C for business income and expenses.    See this help article for more information about self-employment income. See here for more helpful tips for TurboTax users who are self-employed.  

MY STATE REFUND WAS LESS THAN I EXPECTED The state will send you a letter explaining the change.  TurboTax does not get any feedback from your state after your return is accepted, so no one at TT knows why your state refund was less.   Did you owe back taxes, child support, or student loans?  Traffic fines, etc.?     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0

the penalty is calculated on Form 2210, by default based on your safe harbor for the year, less withholding, divided by 4 against each quarterly due date, as you're expecting I think.  To explain why you're seeing a penalty calculated as though that entire amount is due since Q1 you'd need to provide more details.   If you are on desktop you can bring up Form 2210 in Forms mode - it doesn't display by default but do Open Form and type in 2210.  Not sure for TT Online equivalent but I assume it's shown in the PDF with all forms and worksheets.   the safe harbor will be the smaller of 90% of your 2025 tax, or 100% of your 2024 tax (110% if 2024 AGI > 150k or 75k if filing MFS) - see lines 1-9 on Form 2210.   if your quarterly distributions and other income were even throughout the year and you didn't pay withholding or ES then the Annualized Income method probably won't help (and note also for this method the quarters are uneven, ending 3/31, 5/31, 8/31, 12/31), but if your income is back-loaded towards later quarters you may be able to reduce the penalty (once you're comfortable with your original question about that default calculation to begin with).  You can work thru this under Other Tax Situations / Underpayment Penalty section.

I'm happy that my answer provided you the steps get to the new Retirement Subtraction benefit.  I had hoped TurboTax would have made this easier to find, either has a separate line item in list of income adjustments or when selecting the "Retirement income adjustments", that this would the 5th item listed.  I agree with you that this should be brought up in the final review for errors or items to be reviewed. 

Form 4562 is available, however the rental section depreciation area is still in process.   It is expected to be available later this week with the end of the week updates (which typically occur on Thursday nights), so please check back at the end of the week.  

The senior deduction phases out completely at $250,000 on a joint return---not at the $350,000 you cited.   The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately.on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately    

My question is when is the expected fix? today is Feb 16 and we are still waiting for news. Some of us are in a rush to get our refund back to put into our business. I have an expert helping me with my taxes and we are only waiting for the sched E. That's it.  Money is on the table and your organization is keeping me from it. Is it going to be fixed or not? If so when? Otherwise, I am just going to get my taxes done elsewhere. Again, when is it going to be fixed?     The answer I am not looking for: wait for the update.     

At the screen "Did (student's name) have any of these common situations in 2025", check the box "had education expenses other than tuition".          That will get you a screen, later, "Time to enter (student's name) educational expenses". Enter those expenses at "Optional books and materials from the school".     Room and board (R&B) are not qualifying expenses for a tuition credit or tax free scholrship.   R&B are qualified expenses for a 529 plan distribution. But, 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.

Continue to the screen that says "Time to enter education expenses" (The screen you mention above)   Required are books and supplies you HAD TO purchase from the school. Optional are books and supplies you could purchase from the school, or bookstore, or Online or anywhere.  If the computer was required, enter the expense here, in Optional. 

Still doesn't make any sense for MFJ each member being separately subjected to the $6000 limit. Even the "Turbo Tax FAQ" topic "What is the new tax law for the senior deduction" states that MFJ will will completely phase out if income is above $350,000." But when my AGI is $272,000, I'm out of luck, not partial deduction. It seems that line 35 (Schedule 1a) should have two options: single $6000, married $12,000. That would make the "phase out" fair for both single and married.  Not a Turbo Tax issue, IRS calculates the same way. MFJ doesn't get the full phase out benefit.          

In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES).

At the screen "Did (student's name) have any of these common situations in 2025", check the box "had education expenses other than tuition".           That will get you a screen, later, "Time to enter (student's name) educational expenses". Enter those expenses at "Optional books and materials from the school".  

Please clarify. What exactly didn't work?   If you experienced the issue with being prompted for Canadian Pension income information:   It's possible you are seeing this prompt because the "Canadian Pension" line was clicked inadvertently under the Retirement Plans and Social Security subheading in Wages & Income. When you are in the Retirement Plans and Social Security section, one of the options to choose is Canadian Registered Pension Income. Go back to Wages & Income, select Retirement Plans and Social Security, and check what entries were made. Delete any entries made in the Canadian Pension section. If you have inadvertently started a Canadian Pension form, you can delete it. Here are the directions for Online and Desktop versions:    If you are using: Online: see How do I view and delete forms in TTO? Desktop: If you are working in the cd/download TurboTax program: On the top right, there is a FORMS button. Click on FORMS. Locate the form you want to delete. Click on the form name. Below the form, bottom left, select DELETE FORM button. @jmickelct