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Due to the utter lack of response in this thread, I posted a new one, in hopes to get some sort of response. https://ttlc.intuit.com/community/taxes/discussion/are-you-guys-going-to-address-the-crypto-8949-1099-da-issue-in-turbotax-desktop-or-not/00/3816973   I'm not holding my breath.. The lack of action on this issue has been nothing short of insulting. 

Q. TT says I don't need to enter the 1099 Q I received.  Is that correct? A. Yes. See explanation below.    Q. Does the 1099-Q, sent to me,  need to be entered on MY personal taxes? A. No, if it was fully covered by expenses.  If it does need to be reported, it fully goes on your return.   Q.   If so do I enter PART of the 1098T on my daughter's taxes and PART of the 1098T on my taxes? A, Yes. But, in addition to the tuition and fees shown on the 1098-T, room & board (R&B), books and a computer, and some other course materials are qualifying expenses for the 529 plan distribution.   What about the tuition credit? You cannot claim it if she is not your dependent. But, she may be able to claim it on her return. If so, some tuition will need to be allocated to the credit (and not available for the 1099-Qs). See 2nd narrative below.  _________________________________________________________________________________________ The 1099-Q is  only an informational document. The numbers on it are not required to be entered onto your (or your student's) tax return. The interview is complicated and it's easy to make mistakes. Avoid it if you can and you probably can.  You can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records (you don’t need it). You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. You also cannot count expenses that were paid by tax free scholarships. References: On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."  IRS Pub 970 states: “Generally, distributions are tax free if they aren't more than the beneficiary's AQEE for the year. Don't report tax-free distributions (including qualifying rollovers) on your tax return”. "IRS Publication 970, Tax Benefits for Education states: If the entire 1099-Q went to qualified expenses, room and board, tuition, etc; then, you do not need to enter the form."  ____________________________________________________________________________________________ Qualified Tuition Plans  (QTP 529 Plans) Distributions General Discussion It’s complicated. For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the Qualified Tuition Plan (QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q.  The 1099-Q gets reported on the recipient's return.** The recipient's name & SS# will be on the 1099-Q. You (or the student) can and usually should claim the tuition credit before claiming the 529 plan earnings exclusion (unless your income is too high).  The American Opportunity Credit (AOC or AOTC) is 100% of the first $2000 of tuition and 25% of the next $2000 ($2500 maximum credit). The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit. Room and board (R&B) are also qualified expenses for the 529 distribution, but not the AOC (R&B are also not qualified expenses for a scholarship to be tax free). But be aware, you can not double dip. You cannot count the same tuition money, for the tuition credit,  that gets him an exclusion from the taxability of the earnings (interest) on the 529 plan. Since the credit is more generous; use as much of the tuition as is needed for the credit and the rest for the interest exclusion. Another special rule allows you to claim the tuition credit regardless of whose money was used to pay the tuition. In addition, there is another rule that says the 10% penalty is waived if he was unable to cover the 529 plan withdrawal with educational expenses either because he got scholarships or the expenses were used (by him or the parents) to claim the credits. He'll have to pay tax on the earnings, at his lower tax rate (subject to the “kiddie tax”), but not the penalty.   Total qualified expenses (including room & board) less amounts paid by scholarship less amounts used to claim the Tuition credit equals the amount you can use to claim the earnings exclusion on the 1099-Q.  Example:   $10,000 in educational expenses (including room & board)    -$3000 paid by tax free scholarship***    -$4000 used to claim the American Opportunity credit  =$3000 Can be used against the 1099-Q (on the recipient’s return)   Box 1 of the 1099-Q is $5000 Box 2 is $2800 3000/5000=60% of the earnings are tax free; 40% are taxable 40% x 2800= $1120 There is  $1120 of taxable income (on the recipient’s return)   **Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip!  When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry. On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."  ***Another alternative is have the student report some of his scholarship as taxable income, to free up some expenses for the 1099-Q and/or tuition credit. Most people come out better having the scholarship taxable before the 529 earnings. A student, with no other income, can have up to $15,750 of taxable scholarship (in 2025) and still pay no income tax. 

Please clarify with a specific asset that you believe has the incorrect depreciation, such as the rental home, appliances, other assets. This will allow us to be more specific with assistance for  you. Also you will see attached a link to the depreciation tables: IRS Publication 946 - Depreciation Tables If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)   TurboTax Online: Open your return -Go to the menu panel on the left side of your return and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center.   On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information. TurboTax Desktop: If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps: Click on Online in the top left menu of TurboTax Desktop for Windows Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number. Enter your email used for TurboTax > Enter your code > Send Write down or send an image of your token number and state then place in this issue. We can then review your exact scenario for a solution. Please also tell us any states included in the return. This is necessary for us to view the return. *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')   We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

When viewing the 1099-Q in FORMS, do you have 'Dependent' checked as Beneficiary, and 'Taxpayer' checked as Recipient in A and B?  If you don't have 'someone else' checked for either of these, there should be no worksheet created.   If there is a link when you click on the arrow in Box D, you should get an option to 'Remove Link'.    You may need to Delete Form 1099-Q and re-enter it if this doesn't correct the error.   @palonline         

Did you have any foreign taxes that you paid?  If everything is zero then it isn't right if you are supposed to have a foreign tax credit.   Please clarify - where did you enter the foreign taxes if you did have a credit?  If it came on a 1099 that you received from a broker then the way that you entered it may not be correct.  You may need to go back and re-enter the information and double check your answers.

Residents 59 1/2 and older can exclude up to $20,000 of qualified non taxable pensions in the state of New York.  To make sure TurboTax calculates the exclusion on your return:   Open or continue your return. Go back through your entries for your 1099-R on your federal return. Edit for your New York return. Follow the on-screen instructions until you reach Changes to Federal Income. On this screen, select Start next to Received retirement income. On your Retirement Distributions Summary, select Edit next to the pension you’re reviewing. If no more info is needed for your state return, you’ll see the message We don’t need any further information about the retirement distribution. If New York needs more info for your pension distributions, answer the questions on the following screens, until you return to your Retirement Distributions Summary. Select Done. If you qualify to take the deduction, you will be able to see the deduction on the Pension Deduction Summary.    Is my pension distribution taxable in New York?

THANK YOU SO MUCH!!! I have been using the forms trying to figure out our children's education expenses, but didn't catch on The Student Information Worksheet, Part VI Education Expenses, Qualified Elementary and Secondary Tuition Smart Worksheet, #18 used for credit the amount was defaulting to $10,000 for all my children when that amount should be $4,000. How are people supposed to catch the incorrect amount when they are using the step by step input? When I manual changed the amount on the form used for the credit to $4,000, none of my children's ESAs are taxable. Also, I was happy to see our 1099Q's transferred over from last year (since I can't add them this year), and I can manipulate them in the forms worksheet section to get our ESAs basis.  Turbo Tax has been doing from me on our return since we started taking distributions a decade ago. This is incredible complicated for a person not familiar with the additional worksheets in the forms section. Turbo Tax has always, and should still be doing these worksheets for your tax return in the Deluxe edition. You almost have to be a tax accountant to figure this out. I have an accounting background. Also, Pub 970 stated if you're using more than one QTP with an ESA you have to divide the expenses between the 2 distributions since you can't double dip on expenses. A lot of these calculations are complex especially if you have excess distributions with an education credit. Turbo Tax should continue to do these education worksheets for your tax return.

You clearly understand the e-file vs mail file so there must be a reason you aren't able to file.  For example:  a form isn't ready error in the state return the state is updating their filing system override in the system missing ID for the state system to match -need driver's license, prior AGI, etc.  Please go back to see if you have an e-file error, a review error, an override, missing information, etc. A first time IL NR filer, must paper mail. @Brad999 

No, Apple Health does not issue a 1095-A for Medicaid healthcare. It is possible to receive a 1095-B, which is not required to be entered on your tax return. Medicaid Coverage: If you had Medicaid for the whole year, you do not need to wait for a 1095-B or 1095-C to file your taxes, as Medicaid is considered minimum essential coverage.

Thanks @MarilynG1.   In 2024, I had 5 real estate investment K-1s. One of the partnerships sold all the real estate and closed, so I finally had a gain, which enabled me to use losses from the other K-1 investments. Below in line 2, you can see the total allowed loss differs between regular tax and QBI. Now for the first time, my QBI carryover and regular tax are different (QBI is lower) by the difference in line 2. Does that seem right to you?   Also, I had losses going back to 2022. Why didn't TurboTax use losses from earlier years? One of the forms said that it should be FIFO, but here it seemed to use the most recent years.