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Any HSA contributions in box 12 were already subtracted from your box 1 taxable wages, so you already got the tax benefit by having lower income, therefore lower taxes.  If you think your employer has not reduced your box 1 taxable wages, you need to discuss with your employer to get clarification and possibly a corrected W-2. 

I read this on another post.... When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks. Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording. When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid." Then that topic can be expanded further to get the subtopic Estimated Tax Payments.

You can't recover the depreciation in the current year TurboTax, but you can go back to the previous year return and find the Depreciation and Amortization Report. Using that report, you can add the prior and current year depreciation together to get the accumulated depreciation that you can use to report the sale of the building.   You will see an option to print out your prior year tax return, including the worksheets, on your home page when you log into TurboTax.    You report the sale in the business section of TurboTax, on the screen that says Let's gather your business info. Find the Less Common Business Situations menu and choose Sale of Business Property.    @jimsack  

The deduction is based on your date of birth in My Info. So it is included.      You will only see the Standard or Itemized deduction on ‌line 12e of your tax return. However, the Senior Deduction is reflected on line 13b . Line 13b includes multiple deductions Senior deduction No tax on tips No tax on Overtime No tax on car loan interest. It is reflected on Schedule 1A, Part V, Line 37 There's a $6,000 deduction for individuals older than 65, and a $12,000 deduction would apply to couples who qualify.   For more information, see Deductions for Seniors.  

@kemo1a wrote:    96 business portion for sales price  (400 .24) car was scraped to junk yard 528 business portion for cost of property (2200 .24) if depreciation needed for SMR life of car 2459.48   It comes up with sale of property at 2027   I don't understand the "96" and "528".  What are those?   If the business percentage of the purchase price was $2200 and the business portion of the sales price was $400, you have a $400 gain.     When entering the amount of depreciation, only enter $2200 (you had $2459, but don't enter more than the business purchase price).   If your business qualifies for QBI, you will also need to adjust the QBI amount to factor in this gain. 

Yes, if your state has an income tax, you will likely need to amend your state return as well. The capital gains or losses reported on a 1099-B change your Federal Adjusted Gross Income (AGI), which is the starting number for almost every state tax return.   If you already entered your 1099-B to correct your Federal return, you do not need to enter it again for your state return. TurboTax will carry this over from your federal return to your state return.   After your Federal amendment is complete, click over to the State section. The program will prompt you to review your state amendment. It will recalculate your state tax liability based on the new federal numbers and tell you if you owe additional state taxes or are owed a larger state refund.

I am pretty sure you are referring to the online version and not TT desktop. The process you outline does not yield any options to select small business stock or any other alternative treatment for that matter. Please see attached screenshots in sequence. If I am missing something, please point it out.   

Are you asking about the 1099 you issued to the contracter using Quick Employer Forms?   This may have changed so see the QEF FAQs You cannot use Quick Employer Forms to file a correction on your form 1099-NEC electronically. You have to complete a form 1099-NEC manually and also a form 1096 to send a copy of the form 1099-NEC to the IRS. On the corrected form 1099-NEC enter the correct information and amount and check the Corrected Box on the top of the form. Give a copy to the contractor and send a copy to the social security administration along with the transmittal form 1096. You can use the form 1096 and 1099-NEC that you originally prepared as a guide to complete the corrected forms. You can find the forms online and type them in by using these links: https://www.irs.gov/pub/irs-pdf/f1099nec.pdf https://www.irs.gov/pub/irs-pdf/f1096.pdf And see Quick Employer Forms FAQ https://quickemployerforms.intuit.com/faq.htm

Almost a full two months since this first post, an update has been made but there are still issues. The error that was flagged previously in the error check for federal was the QTP to Roth box 4b. Now that error is gone but you have to go into the list of forms and find the 1099-Q worksheet and check the 5a box to verify that your 529 plan and all the rules meets the requirements for the tax free rollover. This should be questions that are asked in the step-by-step.   Once I checked the 5a box in the 1099-Q worksheet, the federal tax was correct as was the state tax. HOWEVER, when I checked the state tax, there was an error in that review for the 1099-Q--no idea what as it was flagging the first name field. Under 3 weeks to tax filing day to fix something that worked last year just fine.  Intuit--Please get this fixed by next week and please ensure you keep all the test cases and valid answers and scenarios to you can regression test next year's version of TurboTax and fix issues quicker.  And don't use AI to do your programming.