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Structured notes can consist of many different hybrid financial components, all designed to manage risk tolerance. Since these type of investment vehicles are complex, I'm surprised you don't have a financial individual who can help you address the tax implications. But in general, gains are considered to be ordinary income; ST capital gain. Since these financial instruments are varied and complex, without understanding exactly what you have, the above generalization is the best I can do to help.

If the document number you are trying to enter is your Driver's license or ID number, make sure you entered the number exactly as it is on your document, including any spaces or special characters.  If you continue to experience issues, you can try the following and then enter the number again: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. Also if your state does not require you to enter your driver's license number, you can skip it and continue with your return.    

Did you choose to have your TurboTax fees deducted from your federal refund?  Is your refund taking an unusually long time to arrive?  Or was your refund seized to pay a debt you owed? if so, you signed an agreement that says TT can withdraw its fees from your account.  TurboTax would have sent several emails to you before they took the money out of your account.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/bank-account-auto-debited-turbotax-fees/L3rDdVynu_US_en_US?uid=m6bdgedq   TURBOTAX SAYS: How do you justify debiting my account? The provision is spelled out in the Pay With My Refund Agreement, which you agreed to when you opted to pay with your refund. In addition, by clicking the "I Agree" button below, you electronically sign and authorize Intuit (through its third party processor) to debit the TurboTax Fees, Additional Products and Services Purchased and any applicable sales tax from your bank account number identified in the Agreement below, in the event that you do not receive a tax refund that is sufficient to pay for them.               Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.  

Some states will tax those k-12 expenses while others don't. If your state taxes the earnings amount, you need to enter the Q. If not, IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.   If you want to enter the Q, you have to go through the 1098-T section and enter the expense under books and supplies. Since you do not have a 1098-T, select no, you do not have one but have an exception. Continue through and enter the expenses.   It may be easier to add the income in the state section, if needed. It depends on your state and circumstances.   Reference: Where do I enter Form 1098-T (Tuition Statement)?

You may be able to file using the Head of Household (HOH) filing status while legally married if you lived separate from your spouse for the last six months of the year, paid over half the household costs, and claimed a qualifying dependent child. This is known as the "considered unmarried" rule, allowing a better tax rate than Married Filing Separately (MFS).    Review the TurboTax articles Guide to Filing Taxes as Head of Household,  Do I qualify for Head of Household in 2025?, and Filing Taxes as the Head of Household for more information.    If your spouse lived with you during the last six months of the year, you will have to use the MFS filing status.

This does get somewhat complicated. It may be easiest to split the rental into two separate activities assuming you had tenants when you also used it as a personal residence (assumed from your notes and questions).    First is the period when you used part of the property as your personal residence: Assuming the original rental activity is still on your tax return for 2025, you would need to add expenses that only apply to the tenants.  Convert this property to personal use on June 1, 2025.  The calculated depreciation will be on the entire property so the difference will be added as other income to offset that expense. Calculate the square feet of rental space divided by the total square feet of the rental home to arrive at the business use percentage. Multiply that by the total depreciation and the difference should be added as other income to cancel out the extra depreciation expense. Second is the rental property after you moved out: Start a new rental property on your tax return. The rental property asset must be added to the tax return as though you continued to rent it for the full year (same cost basis, same land, same date placed in service, etc). You are the same owner so the house must retain it's correct character as if it never changed. Again, the depreciation will be a full year, however it will be 100% rental so simply divide the depreciation by 12 months then multiply by 7 months (based on your dates). This will be the business use depreciation expense and the difference should be added to rental income for this property for the same reasons noted. This advice is the most accurate way to arrive at the correct totals and it's much too complicated for software to calculate on it's own. This retains the property as it should and you revert back to your usual process for future years. Also, this maintains the property for tax rules and consequences currently and for a potential sale in the future.   If you have a loss, at least some of the loss should be allowed based on the passive activity loss (PALs) rules.   Phaseout Rule: The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that’s more than $100,000 ($50,000 if you’re married filing separately). If your modified adjusted gross income is $150,000 or more ($75,000 or more if you’re married filing separately), you generally can’t use the special allowance. This is because the special allowance is reduced to $0 since the modified adjusted gross income is over the $100,000 amount.

The IRS is denying the deduction on the "Other Income" line because that line is for reporting income (or very specific adjustments), not for claiming state taxes paid. Here is their rationale behind it.   I assume that your client is taking the position that if they did not itemize in those prior years, when they "elected" to take the Standard Deduction instead of the SDI deduction, they can claim that retroactively this year. That is false.  To claim them, they must file prior year's amendments to claim those previous SDI state taxes they missed previously. To claim, they will need to: File Form 1040-X for those years to switch from the Standard Deduction to Itemized Deductions (if the SDI + other taxes exceeds the Standard Deduction).  If the Standard Deduction was still higher even with the SDI included, then the SDI tax provides no federal tax benefit. As far as ‌reference, I like The Timing Rule: IRC Section 461(a).   IRC § 461(a) states:"The amount of any deduction or credit allowed by this subtitle shall be taken for the taxable year which is the proper taxable year under the method of accounting used in computing taxable income."   If not taken in the year the taxes were paid, the SDI taxes can't be ‌claimed retroactively.                                   

Sometimes the import of tax documents from financial institutions just doesn't work.  TurboTax can only import what is made available by the financial institution.  When this happens, you have to manually enter those documents that won't import.  If you have a lot of transactions reported on a Form 1099-B, consider reporting them by category totals instead of entering each transaction.  

To indicate that a pension amount is not taxable on the New Jersey individual tax return when it was taxable on the Federal return, follow these steps in TurboTax Online:   1. Go to States from the left menu   2. Select Edit or Continue next to New Jersey   3. Proceed through the screens until you get to Pension/Annuity Distribution for You   This page will show your pension/annuity distribution from the Federal return and will allow you to check a box to mark it as nontaxable in New Jersey   Here is information from the NJ Division of Taxation about the taxability of retirement income.  

Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns quickly and some are very slow.   STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0