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@AmeliesUncle wrote: While your comment could be a factor, I think there is more to it than only that. I understand, but then you and I (I believe) are aware of how TurboTax can wildly mess up the figures based on past input. For example, I recall a test return I did where the current year deduction would be way off and variable every single time past depreciation was changed. Crazy stuff.

@trostlechet did the letter specify the exact reason for the additional tax?    if the State have record of an income item that you did not post on your federal or state tax return, that could be the reason.  Hard to tell without additional detail.   Turbo Tax guarentees their software produces the right result; however, what they do no guarentee is that you entered the form without error.  If the form is not entered correctly, the output will also be incorrect - TT says "not my problem!". 

@M-MTax wrote: @AmeliesUncle    The wrong date (or time period) was used for 2024 depreciation. @_John__ stated that $7,487 was the depreciation deduction for 2024 for an asset that was placed in service in August. The correct figure should be $9626 and that will affect deductions going forward.   Even if it was placed in service in August (although he said 3.5 months, which could mean it was placed in service in September), the less-than $2200 difference in the first year shouldn't account for the $1000-ish difference in depreciation for the following year.   I agree with you that an incorrect "prior depreciation" would incorrectly alter the current and future year depreciation, but the specific numbers in this case still would not make sense.  While your comment could be a factor, I think there is more to it than only that.

There is a specific place to enter jury duty pay in TurboTax. Go to Federal Taxes > Wages & Income. Scroll all the way down to Less Common Income and click the Start button for Jury Duty. The income will be shown on Schedule 1 line 8h in your tax return.  

@AmeliesUncle    The wrong date (or time period) was used for 2024 depreciation. @_John__ stated that $7,487 was the depreciation deduction for 2024 for an asset that was placed in service in August. The correct figure should be $9626 and that will affect deductions going forward.

Duplicate question. Please post your question only once. If you want to add more information or post a follow-up question, add a reply to your original question. Do not post separate questions about the same issue.  

I'm not sure what you mean by "fill out an IRA." If you are asking about entering a distribution from an IRA in TurboTax, you enter the name as it appears on the Form 1099-R that you get from the IRA custodian. The custodian will send out the 1099-R in January after the end of the year in which you received the distribution.  

@user17638037803 - just curious, if you are a non-resident for the whole year, aren't you required to complete federal form 1040-NR which is not supported by Turbo Tax?  how could your federal forms be correct in that instance? 

T-Mobile and FB - no - presumably you were overcharged for things that you purchased in the past so these payments are just a reduction in what you would have paid.  NOT TAXABLE   Jury Duty - yes, that is taxable income 

If your parents maintained full control, authority and essentially treated it as they still owned the property, but merely changed the title to your name, at first glance it seems to be a "Life Estate".   *IF* that is the case, you would receive the full Step-up in Basis.  

@masda2600 wrote:  I am back-and-forth from my primary residence to the new property which I am looking to move in permanent as a primary residence,so finally,      I agree with the other comments about your previous home, but it seems like your NEW property was NOT your Principal Residence for a while.  That would affect the Principal Residence exclusion for whenever you eventually sell your new property.

@gjgogol wrote: Keep in mind, these are not refundable credits, which means you can take the credit up to the tax owed.     The other answers are correct; TurboTax phrases it poorly.  When it says "owed", it means the amount owed BEFORE withholding.

Are you saying that the property you sold in 2023 NEVER had depreciation?  If so, 2023 needs to be amended to include Form 3115 and to 'catch up' with the missed depreciation for that specific property (not the other property).   As M-MTax said, for the 2022 property, you would file Form 3115 on your current year (2025) return to correct/start depreciation for that property.   I highly recommend using a good tax professional that is experienced with Form 3115 this year.  If you missed claiming depreciation, they may find some other errors that you made and be able to find and correct them, as well as possibly giving some tax advice for your specific situation.

If you go through the questions again, is there any chance you entered the wrong year or the wrong "prior depreciation?   Another possibility is that the current 2025 program is essentially still the 2024 program, which could cause errors (which could possibly explain why it is using 26.5 years).  If I double checked that the information I entered was correct, I wouldn't give the wrong amount another thought until the mid-January update.

If you're banking on Win 10 for the long haul and not willing to buy a 3rd machine of upgrade the 2 you have, then it sounds like either need to get the VM solution working (some folks here have reported this to be viable), or bite the bullet and switch to other s/w.   The "hack" to try and run it on Win 10 has been suggested but no one has posted here about getting it work, it's probably the worst option as you'd be invalidating support from Intuit but up to you.

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 taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   You may want to contact a Taxpayer Advocate in your area.  See this IRS website for Taxpayer Advocate - https://www.taxpayeradvocate.irs.gov/ or call 1-877-777-4778

Yes, because you would look back from Oct 25, 2025 to Oct 26, 2020.  The question is did you live in that home for at least 24 months of the 60 months during this period of time? And you did, since you lived in the home for the 60 months from Oct 26, 2020 until Oct 23, 2025.   Now, the "2 of 5" year clock on the new home didn't begin until Oct 23, 2025, even though you've owned it since 2023 - because it did not become your primary residence until that date.   So if you sell prior to Oct 23, 2027, you would not meet the "2 of 5" rule.

on your example, it is correct but I would state it a little differently so the word usage is clear:    tax liability - tax withheld = tax owed or tax overpaid   Example: If your tax liability was $375 in taxes, but you received a nonrefundable credit of $500, the tax liability was reduced to zero, and the remaining $125 was lost. You would not receive a refund for the remaining $125.   Another example.  Let's say the tax liability is $375 and the withholdings were $500.    Example: If your tax liability was $375 in taxes, but you received a nonrefundable credit of $500, the tax liability was reduced to zero, and the remaining $125 was lost. You would not receive a refund for the remaining $125; however you would refund of the $500 withholdings because the tax liability is $-0- and the withholdings is $500, so based on the formula you posted, that is a $500 refund   which makes the "help section" accurate.