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After looking into your bullet #3 about things to be aware of... I have the desktop version.  How would I know "If the deduction takes your income lower on the FPL, then it creates a circular calculation"?  The publication your referred me to is 68 pages long, I cant understand it.  We have no dependents and lived in the USA all year.  I just assume Turbo Tax figures the premium tax credit properly.  We owe a good portion of the PTC we received back, I inherited some money that boosted my income:(

The errors in Turbo Tax are more general than you indicated.  In Home and Business edition the errors are more overt than form integration.  Turbo Tax computation of the tax based on line 13 annualized income on form AI is simply wrong.  You can check against the tax tables for the correct result.  Yet there is no way I could find to fix the errors since Turbo Tax would not allow me to over-ride their values in the form.  As it stands, I cannot use TurboTax to file my return.  Anyone with annualized income should not be surprised if they hear from the IRS down the road.

Thank you. Follow up question. For the items that sold that I am expensing, how would I add the cost of shipping that I was charged (for say one shirt) when the shipping amount charged was for a pack of the same item (say pack of 6 shirts was charged $18 for shipping)?

Go through your tax return to enter your assets following the steps below. Select Rental Properties and Royalties > Update > Select 'None of the above' for Real Estate Pro Select Edit/Pencil beside Property one >  Select Update/Revisit/Start beside Assets (you may have to select add more expenses to view/find Assets) Edit/Update/Start your first Asset (Residential Rental Real Estate) > Continue to finish Repeat to add each additional asset if you have more than the rental home Select Done with Rental Property > Continue until you reach Rental and Royalty Summary Please update if you have more questions or need additional assistance.

1. Find the "Retake" or "Edit" Button You can navigate back to the W-2 section: Go to Federal > Wages & Income. Find the W-2 you were working on. Look for an option that says "Retake Photo," "Replace," or a trash can icon to delete the bad entry and start over. 2. Tips for a Perfect "Snap" The app's software uses "Optical Character Recognition" (OCR) to read the numbers. If it can't read the text, it will fail. To get it right: Flatten the Paper: If your W-2 was mailed, iron out the creases with your hand.  Lighting is Key: Avoid using a flash, which creates a white glare on glossy paper. Use indirect, bright natural light (like near a window). Contrast: Place the W-2 on a dark, flat surface (like a dark table or floor) so the edges of the white paper are clear.  Steady Hands: Hold your phone directly over the form, not at an angle.

In Forms view, scroll down on your schedule e worksheet to expenses. Expenses attributable to the rental periods are fully deductible, which includes expenses like management fees, commissions, and advertising.

TurboTax Mac usually requires you to start as if you have a standard 1099-R before it allows you to flag it as a substitute.   Go to Federal Taxes > Wages & Income.  Scroll down to Retirement Plans and Social Security and select IRA, 401(k), Pension Plan Withdrawals (1099-R). When asked "Did you receive a 1099-R?", select Yes. Important: Do not try to import. Choose "Change how I enter my form" or "I'll type it in myself." Enter the details from her foreign statement as best as you can into the 1099-R fields (converting foreign currency to USD using the average annual exchange rate). Follow the interview screens until you see a page with a series of checkboxes. Look for: "I need to prepare a substitute 1099-R" or "This is a substitute form." Checking this box will trigger the generation of Form 4852.

interesting answer and appreciated. Why did turbotax change how they did estimated taxes from prior years? In the past (turboTax Deluxe) it asked what you estimate the amount of withholdings will be for the current year and now instead ask what has been withheld to date. For estimating taxes for 2026 that makes no sense and then use 2025 withholdings in determining estimated tax payments. Shouldn't this be a program update to return to the prior year process. Thanks.

@lali000 wrote: Even 1040 is not visible without paying in the online version. There is just a cryptic summary view of income and taxes. You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Yes, you must have the seller report (or time-of-sale report) to claim the clean vehicle tax credit. The seller is required to submit this report to the IRS and provide a copy to you within three days of the sale. Without this report, your vehicle will not be eligible for the credit. Clean Vehicle Credit | Seller or Dealer Requirements If the vehicle was acquired on or before Sept. 30, 2025, the taxpayer may still be eligible for these credits when the vehicle is placed in service. It's up to you if you want to try to mail your return with the purchase document. One Big Beautiful Bill FAQs for expiring credits Review the information in the links to be sure you do qualify, and double check with your dealer to be sure they sent in the required information to the IRS.   @Ohweeby 

Usted tiene varias opciones para realizar su pago despues de haber presentado su declaracion:   Pago por correo: Puede enviar su cheque por correo utilizando formulario 1040-V (Voucher de pago). Si no encuentra este formulario en los documentos de su declaracion, puede enviar su cheque directamente asegurandose de escribir su numero de seguro social, el año fiscal "2025 Form 1040", y su numero de telefono. El cheque debe emitirse a nombre de "United States Treasury".   Pago en linea: La manera mas rapida y segura es a traves del sitio web del IRS. Puede usar Direct Pay, o puede crear una cuenta personal el el sitio. Esto no solo le permite hacer pagos, sino tambien revisar su historial y obtener copias de sus documentos de años anteriores.

You say you "paid the penalty".  How did you do that and did you get a form for it.  You don't usually pay the penalty (and tax) until you actually file your tax return.  You want to be sure to get credit for any withholding you had done. Withholding on a 529 distribution is unusual (there is no place on form 1099-Q for tax/penalty withholding). 

I also answered this question incorrectly.  I am using the online version but do not see an "uncommon situation" section and cannot get back to the form.  Super frustrating, as I tried clicking back after incorrectly entering, but it would not go back to the form!