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For 2025, many employers are reporting tips differently in different boxes on Form W-2. Reported tips normally show up in two places: Box 7 Social Security Tips and Box 8, allocated tips.   Once you've entered your W-2, be sure to complete all of the follow-up questions in the W-2 TurboTax interview which will help the program calculate the correct deduction.   After you enter your W-2, TurboTax provides another screen where you can enter tip amounts not identified on your W-2 as tips. If not all of your tips are being picked up from your W-2, because they weren't in Box 7, check the box "Tips not reported on my W-2".     See this tax tips article for more information.   @janiann   

The instructions were strictly to enter the land that was never part of the original residential rental asset.  The procedure will allow you to add the land.  If you're not sure if you actually entered land value in the original property, review the screens because there is a slot for the land value. If so, that portion was never depreciated. Your comment: I choose 'edit' from the 'rental and royalty summary'.  I see categories of property profile, rental income, expenses, sale of property/depreciation , Assets/Depreciation and vehicle expenses. You do click on each asset to select that it was sold and the date of sale. TurboTax will calculate the sale gain after your enter the sales price for each asset as well as the depreciation amount for each asset for 2025.    Details below may help, but if  you prefer to have someone prepare the return for you please use the link below. TurboTax Local Expert Assistance First I will place an example of how you prorate the selling price to each of the assets including the land.   For any asset, such as appliances, that really have no value because they are past the recovery period of five years you can use a zero.   Use the original cost of each asset listed on depreciation, add those together then divide each one by the combined total to find the percentage of the cost for each asset.  Use that percentage times the sales price and sales expenses to find the selling price/sales expenses for each asset. If you want you can check the allocation of building and land in your county real estate tax office, on file now.   Example:  Original Cost (of each asset on your depreciation schedule) $10,000 Land                = 13.33%  $50,000 House              = 66.67% $15,000 Improvements  = 20% $75,000 Total                 = 100%  Multiply each percentage times the sales price/sales expenses to arrive at each individual sales price/sales expense.   Passive Activity Loss Entry if applicable: Assuming your passive losses were carried over each year, this will be a separate and identifiable entry which will carry to the Schedule E.  The full remainder of passive loss carryover is used in the year of sale as an expense. This is combined with your overall rental gain or loss to your Form 1040.  When you are on the screen 'Do any of these situations apply to this property?' (Property Profile section), be sure to check the box under Carryovers.  See my notes below on entering the sales price/expenses for each asset inside the rental activity. You need to dispose of the property by telling TurboTax how and when it was disposed of.  Follow the instructions below. Click on Search (upper right) > type schedule e > Enter > click Jump to .... link Answer the questions and on under Rent and Royalty Summary, click Edit Click Update to the right of Assets/Depreciation. Do you want to go directly to your asset summary?, click Yes and Continue Click Edit to the right of each asset to be disposed of Go through several screens until you get to Tell Us More About This Rental Asset Click on This item was sold…….   And continue to answer the questions You might also review information here for more details    @user17716138391  [Edited: 02/21/2026 | 1:45 PM PST]

Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

That answer makes no sense. When you do a conversion from a traditional IRA to a Roth, you pay tax on the amount converted. It should make no difference what the reason to do the conversion is, whether it is to accomplish an RMD or simply to move the money from one account to the other. Either way, you must pay the tax on the converted amount. Obviously, IRS just wants to prevent a Roth conversion from being used to satisfy the RMD, even though from a tax collection perspective it would make absolutely no difference. The IRS does not want its forced distributions going into a Roth, solely to prevent money from moving from a traditional IRA into a Roth. This contradicts express statutory public policy. I am not aware of any statutory basis for this. It is simply made up IRS tax policy to discourage Roth investments and to maximize tax collections, which actually is not the lawful statutory mission of the IRS. The IRS's directive is simply to collect fully and fairly taxes due, not to make up non-statutory rules and regulations that contradict statutory intent solely to maximize tax collections.