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February 23, 2026
4:13 AM
Thanks much!
February 23, 2026
4:12 AM
TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased h...
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TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased home in 2018. We lived there as primary residence until January 2024. For each year lived there (2018-2023), we took itemized home office deductions, including depreciation on the portion of the house used as a home office, reported on Schedule C and line 42 of form 8829. On 1/31/2024, moved to a different state and put house into service as rental. Rented out entire house until 7/17/2025. Sold house on 7/17/2025. House qualifies for section 121 exclusion with the exception of the depreciation recapture from two sources: 1) home office depreciation on form 8829 line 42 from 2018-2023 and 2) rental depreciation on Schedule E in 2024 and 2025. Regardless of whether I report the 2025 home sale in Schedule E *or* Sale of Main Home, TT accurately links the rental to the Home Sale Worksheet. However, TT only reports the depreciation from the rental. Even if I manually override the total depreciation taken on (or eligible) for the home in the Sale of Main Home section in order to enter the amount that reflects *both* the home office depreciation and the rental depreciation, the software automatically corrects it and defaults back to the combined 2024 and 2025 Schedule E rental depreciation only. The end result is that I cannot get Form 4797 to accurately reflect the total depreciation amount. It underreports the amount by excluding the depreciation total from the home office depreciation and only recognizing the rental depreciation. Please help.
The OBBBA has introduced a new deduction for car loan interest paid for new cars you bought for personal use between 2025 and 2028. The deduction is up to $10,000 if your MAGI is under $100,000 (...
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The OBBBA has introduced a new deduction for car loan interest paid for new cars you bought for personal use between 2025 and 2028. The deduction is up to $10,000 if your MAGI is under $100,000 (or $200,000 if MFJ). The deduction is gradually phased out for higher incomes. The maximum $10,000 deduction is reduced by $200 for every $1,000 (or fraction thereof) that your MAGI exceeds the threshold. The deduction is entirely eliminated at $150,000 for single filers and $250,000 for joint filers. For the requirements of this deduction, please read this TurboTax Help article. In TurboTax Online, you can enter your car loan deduction by following these steps: Open your tax return Click on Federal in the left-hand column, then on Deductions & Credits Navigate to the list of Deductions and Credits Click on Other Deductible expenses Locate the section Cars and Other Things You Own and click on the arrow on the right Click Start next to Car Loan Interest Follow the TurboTax questionnaire to enter your car loan interest The deduction will transfer to Schedule 1-A of your form 1040, which is then transferred together with other deductions such as the additional senior deduction, the overtime deduction and the tips deduction, to line 13b of your form 1040.
February 23, 2026
4:08 AM
Legal fees were paid to establish a grantor trust. Checking, Savings and CD accounts in trust generated 1099-INT interest income. Can fees be deducted to help offset tax on that income?
February 23, 2026
4:08 AM
TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased h...
See more...
TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased home in 2018. We lived there as primary residence until January 2024. For each year lived there (2018-2023), we took itemized home office deductions, including depreciation on the portion of the house used as a home office, reported on Schedule C and line 42 of form 8829. On 1/31/2024, moved to a different state and put house into service as rental. Rented out entire house until 7/17/2025. Sold house on 7/17/2025. House qualifies for section 121 exclusion with the exception of the depreciation recapture from two sources: 1) home office depreciation on form 8829 line 42 from 2018-2023 and 2) rental depreciation on Schedule E in 2024 and 2025. Regardless of whether I report the 2025 home sale in Schedule E *or* Sale of Main Home, TT accurately links the rental to the Home Sale Worksheet. However, TT only reports the depreciation from the rental. Even if I manually override the total depreciation taken on (or eligible) for the home in the Sale of Main Home section in order to enter the amount that reflects *both* the home office depreciation and the rental depreciation, the software automatically corrects it and defaults back to the combined 2024 and 2025 Schedule E rental depreciation only. The end result is that I cannot get Form 4797 to accurately reflect the total depreciation amount. It underreports the amount by excluding the depreciation total from the home office depreciation and only recognizing the rental depreciation. Please help.
February 23, 2026
4:07 AM
TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased h...
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TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased home in 2018. We lived there as primary residence until January 2024. For each year lived there (2018-2023), we took itemized home office deductions, including depreciation on the portion of the house used as a home office, reported on Schedule C and line 42 of form 8829. On 1/31/2024, moved to a different state and put house into service as rental. Rented out entire house until 7/17/2025. Sold house on 7/17/2025. House qualifies for section 121 exclusion with the exception of the depreciation recapture from two sources: 1) home office depreciation on form 8829 line 42 from 2018-2023 and 2) rental depreciation on Schedule E in 2024 and 2025. Regardless of whether I report the 2025 home sale in Schedule E *or* Sale of Main Home, TT accurately links the rental to the Home Sale Worksheet. However, TT only reports the depreciation from the rental. Even if I manually override the total depreciation taken on (or eligible) for the home in the Sale of Main Home section in order to enter the amount that reflects *both* the home office depreciation and the rental depreciation, the software automatically corrects it and defaults back to the combined 2024 and 2025 Schedule E rental depreciation only. The end result is that I cannot get Form 4797 to accurately reflect the total depreciation amount. It underreports the amount by excluding the depreciation total from the home office depreciation and only recognizing the rental depreciation. Please help.
February 23, 2026
4:06 AM
Box 12 Multiple States exempt-interest dividend amount.
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February 23, 2026
4:06 AM
2 separate issues I think 1. on the 1099R try "did a combination of rolling over, converting, or cashing out the money" and there should be a further question about how much was converted (t...
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2 separate issues I think 1. on the 1099R try "did a combination of rolling over, converting, or cashing out the money" and there should be a further question about how much was converted (this question flow changed in the other desktop products for 2025 to match online so it doesn't match the online help article below if that is the source of confusion - what you are seeing here is the older question flow) https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US 2. for the contribution there should be a question for deductible vs. non-deductible but #9 "Any Nondeductible Contributions to NAME's IRA?" below refers to prior year contributions and then asks about basis carryover I think. There should be a question about making it deductible and if not should assume it's non-deductible. This shouldn't depend on the answers to the 1099-R these are separate transactions but try fixing that anyway and go thru this again. What YEAR is this for? One general comment, what you've laid out below is a contribution for YEAR done in YEAR+1 for $6000 and a Roth conversion for $6000 - but was this 1099-R in YEAR from a prior contribution? The contribution can be back-dated to the prior tax year, but the Roth conversion applies in the calendar year it is made (but you'll have a clear 1099-R for the year in which it applies).
February 23, 2026
4:05 AM
TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased h...
See more...
TT cannot accurately report depreciation recapture from both current rental depreciation and past home office depreciation on the sale of a section 121 primary residence. Details: We purchased home in 2018. We lived there as primary residence until January 2024. For each year lived there (2018-2023), we took itemized home office deductions, including depreciation on the portion of the house used as a home office, reported on Schedule C and line 42 of form 8829. On 1/31/2024, moved to a different state and put house into service as rental. Rented out entire house until 7/17/2025. Sold house on 7/17/2025. House qualifies for section 121 exclusion with the exception of the depreciation recapture from two sources: 1) home office depreciation on form 8829 line 42 from 2018-2023 and 2) rental depreciation on Schedule E in 2024 and 2025. Regardless of whether I report the 2025 home sale in Schedule E *or* Sale of Main Home, TT accurately links the rental to the Home Sale Worksheet. However, TT only reports the depreciation from the rental. Even if I manually override the total depreciation taken on (or eligible) for the home in the Sale of Main Home section in order to enter the amount that reflects *both* the home office depreciation and the rental depreciation, the software automatically corrects it and defaults back to the combined 2024 and 2025 Schedule E rental depreciation only. The end result is that I cannot get Form 4797 to accurately reflect the total depreciation amount. It underreports the amount by excluding the depreciation total from the home office depreciation and only recognizing the rental depreciation. Please help.
Topics:
February 23, 2026
3:59 AM
income ~$210K
Topics:
February 23, 2026
3:58 AM
To apply for the TurboTax Refund Advance, select it in the final filing steps. You can choose it as your refund option. You must e-file, open, or have a Credit Karma Money™ checking account, ...
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To apply for the TurboTax Refund Advance, select it in the final filing steps. You can choose it as your refund option. You must e-file, open, or have a Credit Karma Money™ checking account, And meet eligibility requirements. This is a loan IRS acceptance is required before payment.
February 23, 2026
3:54 AM
1 Cheer
My DDD is today 2/23! My refund is not in my account! I have been filing for over 15 years as well, I have never had this happen either! I am waiting on cross bank to open, the number is (877) 552-72...
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My DDD is today 2/23! My refund is not in my account! I have been filing for over 15 years as well, I have never had this happen either! I am waiting on cross bank to open, the number is (877) 552-7255 using prompts 2-4-2…I really need my money like right now
February 23, 2026
3:43 AM
Actually, upon further review I think the software is defaulting to the standard deduction for MD due to the new law that MD passed in 2025 that phases out itemized deductions above certain income le...
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Actually, upon further review I think the software is defaulting to the standard deduction for MD due to the new law that MD passed in 2025 that phases out itemized deductions above certain income levels. After doing the math manually that makes sense, because my itemized deduction is completely eliminated by the phase out rule. It would still be nice if Turbo Tax gave you the option between the two and then just popped up a warning explaining why you shouldn’t itemize vs just forcing you into standard without an explanation.
February 23, 2026
3:33 AM
Topics:
February 23, 2026
3:25 AM
On the entry screen it shows that it is not selected, but while doing the review prior to submission, it identifies errors and wants me to fill in all the blanks.
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February 23, 2026
3:18 AM
Hi! Thank you! Should I wait a certain amount of days after the amended return has been fully processed to make sure it gos through, or will I be ready to amend through efile once his amended return...
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Hi! Thank you! Should I wait a certain amount of days after the amended return has been fully processed to make sure it gos through, or will I be ready to amend through efile once his amended return go through? Do I need to wait for federal and state go through on his end, or just federal? Thank you! 😊
February 23, 2026
2:56 AM
@msloss So you weren't able to conduct the second import from the same institution without still being asked to "Delete old data"? Here is a screenshot showing that it did allow my second import fro...
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@msloss So you weren't able to conduct the second import from the same institution without still being asked to "Delete old data"? Here is a screenshot showing that it did allow my second import from Fidelity. I was not asked to delete the previous data when I did this yesterday (a change from prior attempts):
February 23, 2026
2:36 AM
@ user17683086956 I don't know if the following will work for NC, but in my experience it works anecdotally for me for the Federal return. When I'm not getting a Federal refund, I enter $1 in the...
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@ user17683086956 I don't know if the following will work for NC, but in my experience it works anecdotally for me for the Federal return. When I'm not getting a Federal refund, I enter $1 in the IRS tool, and it usually responds that it is being processed. The IRS tool may not work in a later stage, however, since it can't say "refund approved" when there is no refund. In any case, see if the NC tool will take $1 as an entry.
February 23, 2026
2:26 AM
Tried entering amount of overpayment, but that didn't work.
February 23, 2026
2:20 AM
I have 2 rental properties in North Carolina that have made money in past years (I filed Non-Resident NC return for 2024 to report that income) but I lost money on these properties in 2025. Do I stil...
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I have 2 rental properties in North Carolina that have made money in past years (I filed Non-Resident NC return for 2024 to report that income) but I lost money on these properties in 2025. Do I still need to file in NC for 2025 even though I have a negative net income in NC? I have no other income in NC. Thank you.