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@HRBlockNOW wrote: increasing prices, lack of software media, download only, virtually no support unless you pay extra All DIY tax prep software for desktop use (installed) is download only; no one offers a CD any longer.   No other tax prep software vendor has free support (in the form of tax advice, et al), either.   Finally, if you buy any TurboTax desktop product at the right time through a reseller like Amazon, Costco, et al., the prices are not considerably higher than H&R Block. Moreover, TurboTax desktop prices are lower than TaxAct (check out their web site).

@AnnetteB6   You suggest above that "In order to keep all of the QBI losses from rentals together and associated with the K-1 reporting rental income (loss), you should add all of the amounts together and report them with a single box 20 code Z entry." This sounds great, but what entity name and EIN should I use for the aggregated amounts for the 2 or more passthrough entities?   Just picking one PTE name doesn't seem right, so I would think that I should enter in "various" for both the passthrough entity name as well as the EIN. Also, I would think that I should be checking the "aggregated" box on form 1065 (Schedule K-1) section D1. In reviewing the IRS instructions for form m1065, however, it looks like once you aggregate in a first year for a K-1, you need to continue aggregating in future years for that K-1.   Here is a screenshot (with fictitious numbers) for my section D1 after doing this. Does it look right to you?     On a related topic (and this is a more obscure issue), I do not think you are correct in saying "By including the -1 as a loss in box 2 of the supplemental K-1s that you entered, you were actually tying the QBI losses together as if they had all been added together in a single entry." The various K-1's do not get aggregated and stay separate as they get propagated to form 8995 (their ultimate destination).  Rather, what including the -1 in box 2 does is prevent the LOSS from each separate K-1's PTE being propagated to form 8995 after the calculations that are performed in Section D2 of form 1065 are done.  Instead, the allowable QBI gets shown on the 8995 form as 0 rather than a negative number.   In particular, if box 2 of a particular K-1 is 0 (not negative), and the PTE income is negative (a loss), then line E4a of Section D2 adopts the PTE loss, which in turn then gets propagated to line E10 as a (negative) allowable QBI for this business. The now negative "allowable QBI", in turn then gets propagated to form 8995 where it improperly gets aggregated with other allowable QBI and can offset positive QBI from a completely unrelated business (e.g. non-passive income for the spouse), reducing the effective QBI tax credit of the spouse's non-passive QBI.   The "About" box for line E4a (obtained by a right click) of Section D2 of the form 1065 explains this as follows: "Allowable Qualified Business Income (QBI): The starting point of allowable QBI is the income reported in Section D1. ... If there are no losses for this business subject to at-risk or passive loss limits, then line E3 (QBI) will transfer to line E4 (allowed QBI)." If box 2 is not negative, then "there are no losses for this business" and so the negative QBI gets propagated as allowable QBI, which then can get combined with unrelated positive QBI from another K-1 (possibly improperly commingling active and passive QBI for the QBI deduction on form 8995).

Done with TurboTax.  Been using it for more years than I can remember.  Now that they have decided to join with Microsoft to try and force everyone to Windows 11, I am done.  I have been exposed to Windows 11 on two different laptops, Dell & HP, and it is NOT a good OS. As I understand it the reason Intuit has given for not supporting Windows 10 is lack of security updates.  I have Windows 10 running on a perfectly good Dell Desktop with Extended Security Updates.  Something Microsoft had said they were not going to offer and then changed.  It seems to me if Microsoft can bend so can Intuit.  Personally, I think Intuit is getting kickbacks from Microsoft.  I have been looking at H&R Block for several years since it was generally cheaper and have not been 100% pleased with TurboTax the last few years due to their steadily increasing prices, lack of software media, download only, virtually no support unless you pay extra, etc.  And most importantly my overall laziness to change.  Now they have given me no choice.  I know they offer online filing, which I think is their overall goal, but I do not want my personal data sitting on their cloud.

In the desktop version of 2024 TurboTax you can use the What-If Worksheet to accomplish what you want by marking the Use 2025 Tax Tables box for Column 2 and copying Column 1 to Column 2.   In 2025 TurboTax you can enter everything in forms mode, but don't do this with the actual tax file that you will be using to file your tax return.  Do your actual tax return using step-by-step mode once all of the necessary features become available.

The download version of 2025 TurboTax continues to include the What-If Worksheet as it did in 2024 TurboTax, but it appears that it has not yet been updated with 2026 tax tables for estimating the details of a 2026 tax return.

Do they say you still owe the full amount you paid or did they adjust your return so you owe more?   A credit card payment is usually just for the Turbo Tax fees not the tax due.   Double check the credit card charge.  

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

Check your online account with the IRS to see if they show that you paid your tax due.   Do not confuse paying TurboTax fees for the use of the software with paying the IRS.    TurboTax never knows how, when or even if you paid the IRS.   Your only proof that you paid the IRS is your own bank or credit card record.   https://www.irs.gov/payments/your-online-account  

Your health insurance has nothing to do with whether you enter a 1098T.   You have previously stated in this forum that you are a "part-time" student.   If you have not been a full time student you cannot be claimed as anyone else's qualified child dependent on a tax return if you earned more than $5200 in 2025 because you are older than 19.    If you earned less than $5200, you might be a "qualified relative dependent" for your parent(s)---if you are a dependent then any education credit can be entered on the return of the person who claims you.   If you are Mom's dependent, she can put the 1098T on her return to see if she can get any education credit.   If no one CAN claim you, then you can enter the 1098T to see if you are eligible for any education credit.  A dependent cannot get education credits.   But do not confuse the criteria for eligibility for a health insurance plan with the criteria to be claimed as dependent on a tax return.   Your mother (parents) may be able to keep you on their health insurance plan until you are 26----regardless of whether they claim you as a dependent on a tax return.

Even if you are a dependent, you file your own return for wages and other income that you earn.  This is normal and working does not automatically affect your ability to be a dependent.   You must check the box that says "I can be claimed as a dependent" if you can be claimed, even if you don't want to.   For tax year 2025, you can be claimed as a dependent by your parents if all these statements are true: 1. you are under 24 and a full time student for at least 5 months  (such as one semester) 2. you paid less than half your own support  Add up your total financial needs, including room and board, tuition, medical, entertainment, clothing, travel, and so on.  If you live at home part of the year, a percentage of your parent's housing costs for mortgage, utilities and so on counts as support they provide to you.  Scholarships don't count on either side of the equation. Student loans that you take out in your own name for college expenses count as support you provide yourself, since you have promised to pay them back.  Your parents don't have to pay more than half, they can still claim you if they pay less than half if other people help with expenses. What counts is if you paid more than half or not.  3. you lived with your parent(s) for more than half the year. A college student is assumed to "live at home" with their parents if they would have lived at home if not for college. Such as, you go home for vacation and summer break.  College is considered being away for a temporary absence.  Sometime, a college student may have permanently moved out of their parents home, with a permanent home at college, and no intention of moving back, but this is fairly uncommon.      If your parents can claim you as a dependent, then they should almost always claim your 1009-T for the college credits.  The only time they would not is if their income is so high that they would be phased out of the American opportunity credit.  In that case, you might get a few dollars more than they would.

E-filing is permanently closed for 2024 returns.  You cannot e-file.   The only way to file your 2024 return now is to print it, sign and date it in ink, and mail it in.   If there is any sort of confusion over your SSN or the name that Social Security has in the system for you, you have to sort that out with Social Security.   https://www.ssa.gov/agency/contact/  

As others have said, you need to verify that with your health plan insurer.    That said, "the 'under 26 rule' allows young adults to stay on their parents' health insurance plan until they turn 26, regardless of their marital status, living situation, or financial dependence. This rule, a provision of the Affordable Care Act (ACA), applies to most individual and employer-sponsored plans. When a dependent turns 26, their coverage typically ends, which triggers a Special Enrollment Period for them to find their own health insurance."