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@Lemgirl58 because that executive order is "squisky".   If you requested a paper check for your refund, you will receive a letter from the IRS explaining how to provide your banking information so they can electronically send you the refund.   if you ignore the letter, they will send the paper check around 4-6 weeks later.    The IRS is caught between the executive order and the fact that the IRS is required to pay interest on any refund held for more than 45 days (the clock begins on tax returns the later of the date the tax return is accepted or April 15)

@zenitram2  Please note that you have no choice about how or when your capital loss carryover is used. The carryover loss must first be used to offset any gains. There are no options. You cannot defer using the loss, or use only part of it. There is only one way to do the calculation. TurboTax does the calculation as required by the tax law.  

Another way to put it.....the $3,000 is the max loss you can take AFTER applying the carryover to the current gains.  Didn't you want to use all the carryover up?     Each year you get to first offset the carryover loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year.     And you can't skip a year.  

you are incorrect. if current year's net capital gains exceed the prior year's capital loss carryover, the entire carryover is applied to the current year's gains not just $3,000. $3,000 of net capital losses is just the limit of what you can deduct against other income. 

It's not a bug. You misunderstood the rules for capital loss carryover. The capital loss carryover is applied first to offset any net capital gain in the new year. If there is still unused capital loss (because the loss was more than the gains), up to $3,000 of the remaining loss is applied against ordinary income. Any remaining loss after that is carried over to the next year. If the capital loss carryover is less than the net gain in the new year, the entire loss is used to offset the gains. TurboTax is doing the calculation correctly.   The $3,000 is a limit on the amount of capital loss that can be used to offset ordinary income. It is not a limit on the amount of capital loss that can be used to offset capital gain.  

Im sorry but this does not address my problem. I am aware i can adjust the prior depreciation and i did that to fix this years return but the basic problem still remains.    Turbo Tax seems to be assuming that you have had the same amount of business use each year and is adjusting the depreciation to what that amount would total up to over the period of ownership. So no matter what i do it keeps readjusting it.    What it should be doing is taking the prior depreciation and just adding the purchase price/27.5. and then reducing by the business use %.   Why does it not do that?

I have a small business sideline as an independent contractor.  I have always told TurboTax that I materially participate in the business.  I'm the sole owner and report 1099-NECs and sometimes some cash.  My printed Schedule C always says the following, as it does this year for the 2025 return:   Line G:  Did you materially participate?    YES Line H:  If you started or acquired business in 2025 check here.  NO checkmark, since longstanding. Line I:  Did you make any payments that require you to file Forms 1099?    NO   I always check my IRS transcript after my return has started processing, and this is what it shows:   Account method: Cash Materially Participate: N First time Schedule C filed: No Statutory employee: No   Does N stand for No? If so, that's the only place on my transcript where "no" or "yes" is not spelled out. Why would it suddenly show "N" instead of using the complete word "No?"  Furthermore, it should not be a No. I don't understand why it just doesn't say "yes." On my end there is a YES for "material participation" clearly indicated both on the printed Schedule C and inside the Online interview when I returned to view it. (Actually the online interview asks it in reverse; it has a list of statements, and one of them says "I did not materially participate," and one would have to actively check that if they did not participate. Mine is indicated correctly; I did not checkmark that.) And on the Business profile summary page it says that I actively participate.   My business always has a net profit, and since there is no loss deduction, I realize it's likely a moot point. But I was curious as to whether there is any explanation. Thanks!

You said that right, "should". With everything entered correctly on the Federal return (followed the Intuit guide on their website for backdoor Roth), the MA return still shows the contribution as taxable income.

Hello Monika K1, I have same issue with prior year's (2024) passive losses from limited RE PS not carrying over to my CA return.  Background: I am using TT Desktop Premier for 2024 and 2025.  I imported all of my data from 2024 into my 2025 file. I see TT federal correctly included 2024 "prior year's unallowed losses" on line 2(c) on Form 8582, and the worksheets on page 2 are correct. The issue  When comparing Federal 8582 with the corresponding CA Form 3801, Line 2(c) the "prior year unallowed losses" are missing.  Nor do they appear on Form 3801 Worksheet, Part V "All Other Passive Activities".  the column for "Prior Year" is completely blank.  I have found no explanatio why they did not carry over to CA as when they did carry over to Fed. Questions I am aware of the admonition to make adjustments in the interview path and not directly into the Forms mode.  However, the CA is interview is, at best, obtuse and possibly misleading.  Specifically, after answering the question:  "Do you have any passive loss carryovers from last year for [XYZ]?  I am taken to a panel "Passive Loss Carryovers" which refers to the CA K-1.  This panel summarizes the line items on the K-1 with two columns: "Regular Tax" and "AMT".  This makes little sense to me.  The passive loss carryovers are not reported on the PS K-1, and I know of no way to arbitrarily allocate the carryovers to the K-1 line items to answer the interview.  Here is screen shot: Screen Shot Of passive Panel I would appreciate some clarification about how excatly one uses the Cal interview rather than forms mode to solve this. Thank you, Lorob1

I see on turbo tax that it shows me the option to amend my tax return. However, I have already received my state refund and not sure how this will affect that. Is there any advice on that aspect of doing this amendment?

@user17766243893    The "Filed" date and time is when you hit the Transmit button in the software.   When the IRS or State actually get your file from the TTX servers isn't critical. And, the States never take your file until the IRS has responds that they "Accepted" your Federal filing.    They do that because if the IRS Rejects the Federal file, then the state doesn't know if the Federal rejection is the result of a problem that must be fixed first.....so the state doesn't get it unless the IRS "Accepts" first.   BUT...like I said.. The date time you initially hit the "Transmit Now" button is just like the a PostOffice postmark.   IF the IRS "rejects" the initial filing, then you have 5 days to fix and refile without being considered late...but beyond that...it's late.