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No, this has been on Turbotax for nearly 30 years of commercial building depreciation. Shows as such in the depreciation reports. This is not something new for Turbotax. I looked back at my last depreciable big ticket item in 2017 and some from earlier and the step-by-step questions were about the same. I must have had to  muddle my way through form 4562, guessing on entries and then generally taking Section 179 each time when I could.  I also installed new asphalt in the parking lot in 2025 but that one was easily determined to be Land Improvements and the step-by-step was fine for that.  But TT is really lacking on this HVAC depreciation subject for a commercial property owner. They insist the H & B product is perfect for landlords. Not so.

Go back to the w2 screens in the federal income section and change the state information there to pull over correctly. Move or delete numbers in that area until your NC is correct. Your resident state automatically taxes all income and you need the nonresident correct. Example:  w2 form would look like this in the state section Resident state - total income minus NC income NC nonresident state -NC income

I am glad so many of you have been able to fix this issue, but I have now tried all of the above suggestions to no avail.  I had TT loaded on this Surface previously but due to an oversight on my part, I had to rebuild the unit from scratch yesterday.  Thus, all files are fresh and fully up to date.  My system is like the others: Win11, ARM chipset, etc.  I also tried loading TT on my wife's exact same PC and it worked perfectly.  I have also run through the suggestions on Google AI and had no luck.     So, if anyone has any further suggestions to move TT beyond the "OK, we know it's taking a bit more than a moment", I would be eternally grateful.

Thank you. I do not feel comfortable deleting the vehichle as it has all the history and is protected for four years. The vehicle was sold on Dec 17 so it was 4 years, or does because it was used in 21,22,23,24,25 (sold on dec 17) that counts as 5 years and can be 0?   I have tried to find the override, but doesnt that invalidate the protection? Both of these solutions seem to put me in harms way and how am I supposed to do that?   Is there any other way?

If your Grant was used to reduce the cost of your home purchase, it can be considered to lower your cost basis in the house rather than be reported as current income in the year it was granted, as other users in this thread had noted years ago.   Bank of America's website states "Down Payment Grant program may be considered taxable income, a 1099-MISC will be issued, consult with your tax advisor".   Always respond promptly and directly to an IRS Notice. If you file an amended return in response to a notice but don't directly notify the sender of the Notice, they may not get the information in time to stop the next step in the correspondence audit process. In addition, the agency is currently understaffed, which adds to the delays on their side.   Follow the instructions in the Notice to respond to it as soon as possible.   @ldiaz92   

You will enter as an Investment.  The IRS treats precious metal are as Collectibles, so they do not get a favorable capital gain tax treatment.  See Precious Metals and Stones, Stamps, and Coins.   To enter PRECIOUS METALS as investment sales in TurboTax Premier desktop:   Under FEDERAL TAXES tab,  Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings. Did you have investment income in 2025? YES On the Let's finish pulling in your investment income- click on the Add Investment button On the Let Us Enter Your Bank and Brokerage Tax Documents, click on Skip Import OK, let's start with one investment type- choose Other then Continue On the “Tell us more about this sale  Precious Metals” Continue Now, enter one sale for PRECIOUS METALS  (using Collectible under What type of investment did you sell?)   To enter PRECIOUS METALS as investment sales in TurboTax Premium online:   From the Federal section, under Wages & Income, Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA) under Investments and Savings On the Let’s finish pulling in your investment income page, click on Add investments. On the Save time and connect your financial accounts click on Enter a different way On the “How do you want to add your docs?” click on Type it in myself On the OK, let's start with one investment type, click on Other and Continue On the Tell us more about this sale, type Precious Metals On the Now enter one sale for Precious Metals, complete the information using Collectible under What type of investment did you sell?    

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   The Deluxe online edition is $49.  Adding a state tax return is an additional $39.   The TurboTax account fees are not based on the amount of the tax refund or the amount of taxes owed.

The senior deduction is an additional deduction, but it is not included with your standard or itemized deductions. It's calculated on Schedule 1-A, and the amount, along with any others on that schedule flows to line 13b of your 1040   The QBID deduction is also not included in either your standard or itemized deductions. It's computed on Form 8995 and flows to line 13a of the 1040

To handle this solo 401(k) withdrawal where you control the bank account, you will need to issue a Form 1099-R yourself.     As the Plan Administrator, your business (or the Trust) is the "Payer," and you are the "Recipient".     You will need Form 1099-R to report the distribution, as well as Form 1096, which is the summary transmittal form used when mailing paper forms to the IRS.     Use the name and EIN of your Solo 401(k) Trust (not your personal SSN or your business EIN), as the Payer.     Use your personal name, address, and SSN, as the Recipient.     Distribution Codes for Box 7:   Code 7: If you are over age 59½ (Normal distribution).   Code 1: If you are under age 59½ (Early distribution, likely subject to a 10% penalty).   Code G: If you rolled the money over to an IRA or another 401(k)     Here is a helpful link to What do all the codes in Box 7 of the 1099-R mean?   To obtain the above Forms, you will need to either go to an online service, or download them directly from the IRS.  

I have the same issue.  2025 is the first year I rolled my son's 529 into a new ROTH account for him.  Initially TT hit me with tax on the earnings.  Like others, Chat GPT (to my amazement) was helpful in letting me hammer the 1040 and worksheets into submission.    IMO, the TT interview section for 529 distributions is not complete.  It is lacking in two areas (that I discovered): 1. Roth rollovers and 2. Room and board for live-with-parents college students where the parents take a distribution for the school-approved amount of support.    With CHATGPT help, I was able to zero the tax on both distributions by going directly into the forms and forcing values [which feels a lot like doing my own taxes on paper].  When I run the "end of return" error check, I am getting an error on the 'X' in the 1099-Q box indicating the 529-to-Roth rollover.  It turns that 'X' "red", and then if you read the error's explanation text, it tells you that TT is not done writing the Roth/529 rollover section and suggests you update the software and keep coming back for updates.  My question is simple - Intuit, when will you finish the 529 interview sections (especially for 529 rollovers)?  I am unclear if I can proceed with an error message.  Can I e-file with an error?  I don't think this 529 rollover tax code is that new, so why the delay?