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@M-MTax @AmeliesUncle @VolvoGirl  What I thought was going to be a straightfoward question on depreciation has resulted in a lot of great questions for me and I really appreciate the dialogue!   The LLC is a multi-member LLC that was established in July 2024 and filed with a fiscal ending date of Nov 30 as that aligns with 1099s produced by my property management company that end on Nov 30.  I appear to be fortunate that there are two members to the LLC in order to use the fiscal date, but I hope I'm not missing anything more on that issue.   My intent was to start my taxes that end on 11/30/2025, and based on your feedback, I was starting in the wrong version of TT Business.  I need to go back to the 2024 version (which hopefully, solves my original question on depreciation.)   I did file my taxes from 7/2024 - 11/2024 on the 2024 1065, which I am now learning was the wrong year.  My 1065 did have the fiscal dates at the top of the form, but I should have filed the 2023 version.  Now I'll have to decide whether to amend that filing.  I assume that I should.   Looking back at the property for depreciation, I have it listed in Part III of form 4562 which appears to have what I had intended: service date of 8/24, basis for depreciation 705,930, recovery period 27.5 yrs, convention MM, method S/L, and depreciation deduction 7,487.   Thank you!

I too, am very irritated with Intuit's decision to discontinue It's Deducible.  The good news, is that I recently started using a replacement website that is very similar called Deductible Duck.  So far, I have been pleasantly surprised.  The developer is very responsive and quickly fixed a small issue I found with the generation of the PDF receipt download.  Definitely worth checking out.  It's free to use if donations are less than $1000 so no cost in trying for yourself.  Website is here:  https://deductibleduck.com/

@user17638037803    Not sure anyone here knows how to fix that, and phone support doesn't seem to be available for people living in Foreign locations ____________________ Still...you probably should just stop trying to mess with the State forms it until Mid-January, and to get the proper CA tax forms....   Right now, the Paper CA tax forms are not expected to be ready until sometime AFTER 6 January... ....and for e-filing purposes, none will be ready until After 8 January.   i.e, just run the main updates for your software every Friday until then, and maybe it will all get smoother.   (for e-filing, you cannot e-file CA until ALL the Federal forms for your e-filing are ready too.   Like some of the foreign credits until after 15 Jan, and a scattering of Fed forms, not until late in January or even February)

There are 2 different loans, Flex and Refund Advance   Apply for a Flex Loan TurboTax Flex Advance loan – Get $350-$2,000 | TurboTax   What is the Turbo Tax Flex Advance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I...   The Advance Refund loan won't be available until after January 1 and just when you are ready to file.  And only if they offered it to you.  You can't self select it.  Then you don't get it until AFTER your efile is Accepted by the IRS. https://turbotax.intuit.com/refund-advance/

@AmeliesUncle wrote: And that isn't even going into asking if choosing a Fiscal Year was allowable for his situation or not .... That's true and a good point. Also, perhaps asking if this, in fact, is a multi-member LLC.

Thank you so much @pk for confirming this. Internet blogs are full of this misconception that this capital gain will not be taxed by USA once we become NRA since we have already paid regular taxes when these stocks were vested to me. I don't know how even chatGPT and even few other firms' blogs are saying same thing that there will not be any tax imposed by USA.   Also, will the tax rate always be flat 30% or there will be slabs based on Capital gain income

I already sent you a response on Thursday, but have not received an answer yet.  Since then I have also noticed that on page 8 of the instructions it says Do not separately report the assets held by the plan, but I take that to mean you do not have to declare the individual funds the pension invests in, rather than not having to fill out line 35 or 36.  Please kindly advise me the answer to my original question and if I am correct about what I just read.

To cancel Advantage account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscriptio... If you get charged for the Desktop program but can't install it, Turbo Tax has a special offer to move to the Online version. See info at the bottom of this Windows 10 End of Life article…… https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-...

You are looking at the estimated dates those forms will be available for printing to file, or to efile. While changes could still be made (and actually, well after those dates too), the forms in the product right now are useful for estimates. Schedule D, 1099-B, 1099-DIV were in the Windows desktop product as originally released.   I've been using TurboTax for decades, and I'd say that 90% of the time I spend using the product is between mid-November and late December. Preparing a return for filing in Feb/Mar/Apr is the easy part for me.

if hoping to use 2025 version for estimation, Schedule D in desktop is not scheduled to be available until January as of now you can't put in a 1099B for cap gain/loss at least thru interview mode.  VA state is not available yet either, can't download it yet, presumably same for other states.  See https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg  

You'll have to contact product support at the link below. Does your laptop have the required specs to run the program? Is your Windows 11 install running in S mode (TurboTax cannot run in that mode)?   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US

See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US   You'll probably have to call the number listed on that site. I don't think anyone here can assist you with this issue.