All Posts

If, after reviewing the Depreciation and Amortization reports for prior years, you determine that the total depreciation is correct, follow the instructions posted by Expert DianeW777:   If the prior accumulated depreciation is correct, then you should leave the lower amount calculated for 2025. Continue to keep all of your prior depreciation records so that you are prepared when and if you should sell this building. However, if your calculations show that the accumulated depreciation is incorrect, you may need to edit that information on the Asset Entry Worksheet using Forms Mode. The total Prior Depreciation is shown on Line 10 and AMT Depreciation is on Line 12. Note that these lines have blue or green fonts in a yellow box. Those are the only numbers that can be changed. Numbers in black are calculated and can only be overridden, which invalidates the return for e-filing.  

Ensure that the requested payment date for electronically paying a return liability is within the acceptable date range, which is typically no more than five days prior to the date you e-file the return. If you filed after the original due date, make sure the requested electronic payment date is the same day you e-file the return. If the issue persists, consider contacting TurboTax customer service for assistance

if you used desktop though responding in online for Windows 11, go to the c:\Users\User-Name\Documents\turboTax folder. you should find a file starting with a tilde (~) and ending with .tax2025. that's a backup of the last saved file. You can open it directly by double clicking on it, but you'll have to make sure it's the same as the return you filed. 

@NCperson Yes.  If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported.

What does the IRS website for the status of the federal tax refund indicate - https://www.irs.gov/refunds   Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   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.    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.

If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the Retirement Savings Credit. You can say you are a student to decline the credit. You must answer Yes when asked in the Retirement Savings Contributions Credit section if your were a full-time student. The answer to this same question asked in the personal-information section is not the answer that is used.

Thank you Patricia but nothing happens when I right click the "Description of Property (line 1, column a of form 8949).  Just to be clear, the error is on form 8949, Part I, line 1a.  It appears that I sold an interest in this k-1 partnership but that is not the case and I never indicated that a sale was made when entering my k-1 numbers in TurboTax.  What shows up incorrectly on this line (line 1a of form 8959)) is the short term loss I entered in box 8 when entering all the k-1 numbers for this k-1, which I got from box 8 of the k-1.  This loss should only show up on Part I, line 5 of schedule D.  For some reason the loss is showing up as an asset sales (line 3 of schedule D and line 1a of form 8949).  I need to delete the asset sale but I have no idea how to do so.