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I'm still getting an error during the final review.  My schecule E worksheet for the oil lease is on line 3 as rental income (1099-MISC had this in box 1 Rents), but for Property type I need to enter 6 since oil leases are considered a royalty.  At this point I can see TTax is calculating my taxes including this income so I guess it is safe to ignore the "error".  

Yes, assets acquired after September 27, 2017 and before January 19, 2025 have bonus depreciation of 40% available.  So you should be able to take a larger bonus depreciation deduction on those this year if you choose to.   Here's some more information on depreciation of business assets including bonus depreciation for this year.

I have used TT Professional for years and never had any issue downloading Schwab's tax data before, UNTIL THIS YEAR. I checked Schwab's tax center until I the forms showed available on 2/13/26. On 2/16/26 I started working on my taxes and went to import the Schwab data.  I go through all the steps for import, authenticating and giving permissions, etc. It ends with a window that says, "Connection complete! We got your tax data.  You can now return to TurboTax".  However, in TurboTax it does not show any imported files.  I tried multiple times, I even tried both Edge and Chrome, still the same result. I went to Schwab and it shows I granted access to Intuit. When I called TurboTax they said they have heard of problems with downloading tax forms from Schwab and other large financial institutions. The only suggestion she gave was to try a different browser, which I already did. I do not use a VPN.  The rep blamed in on Schwab. I called there today and they show everything is correct on their end.  I tried to download again, no success.  It appears that the only thing it's accomplishing is setting up permissions between Intuit and Schwab and identifying which accounts I want to import.  The same window show up at the end saying, "Connection complete! We got your tax data.  You can now return to TurboTax".  So frustrating!!!  And you can't really get to talk to any technical support at Turbo Tax or Intuit.  I am not asking them for tax advice, I am asking them for technical support for the software!  I saw a previous post about going to the icon just before the URL, the only choices that are listed on both Edge and Chrome are 1) Connection is secure 2) Permissions for this site (cookies and data) and 3) Tracking prevention for this site (balanced).  Not the description(s) mentioned by a previous post. Anyone out there, HELP!  

This is 2026 and e-filing handles things behind the scenes.  Most state returns, including yours, are filed with a federal return. The detailed list is transmitted as part of the electronic record for MO A, line 8 The MO DOR has a copy of your 1099 data (federal state exchange program). E-filers have the digital data, paper filers will need to complete those steps listed. As for the mutual funds, if you followed the steps and entered income subtracted with a description -as you went through the program, then you have identified, described and met the requirements. If you have checked your return and it is accurate, you can safely file knowing the rules are met. Great question! Sharp!

No. It was an alternative to a question you had about mix and matching between Foreign Tax credits and deductions. After these exchanges we made throughout these weeks, we found this isn't the path to pursue. let's let this rest.

CoinLedger offers a PDF file they claim is compatible with TurboTax but TurboTax isn't able to read any info from the file on the "Investments" page. It just returns errors. Will CSV uploading be available on the online version or just desktop? Is the PDF option not actually an option? Why has there been no instruction on any of this very important issue that millions of your users will inevitable be dealing with? Will this be resolved before your prices go up on March 1st or are you deliberately postponing this to make people pay more? And what about TXF files? Will we be forced to switch to the desktop version and use TXF files instead? Why is there no instruction on this?

SBTPG has had my refund from thr IRS for w days and has rold me that I will receive it in about a week.  IT should be a direct deposit from one bank to the next, that doesn't take a week and honestly should already be at my bank!!!!

Post from an Employee Tax Expert, Wednesday Feb 18, at another thread, The experience described here is expected to be resolved in a TurboTax update to be released by February 27th.   For more info, about 529 distributions, see: https://ttlc.intuit.com/community/college-education/discussion/where-do-i-enter-college-room-and-board-expenses-that-were-paid-for-by-a-529-disbursement/00/3782831

To enter a 529 Savings Account Rollover to Roth using TurboTax Tax Year 2025 Be sure to enter your income first. Contributing to a Roth Account, including Rollovers, requires meeting the general rules and limits of a yearly Roth Contribution. This means you must have earned income in the amount of, or higher, than the 529 to Roth rollover.   Go to the Federal Taxes Section of TurboTax Wages & Income Less Common Income Miscellaneous Income, 1099-A, 1099-C   START or UPDATE Scroll down and select “ESA and 529 Distributions (Form 1099-Q)    START or UPDATE Form 1099-Q   “Did you receive a Form 1099-Q for qualified tuition program distributions in 2025?” Yes      Continue 1099-Q distribution   “Who received the 1099-Q distribution?” Taxpayer    or Dependent (SELECT THE BENEFICIARY of the 529 account, NOT THE OWNER)   Continue Designated beneficiary for this 1099-Q   “Tell us the student whose education expenses were paid by the distribution reported on this 1099-Q”  Taxpayer or Dependent (SELECT THE BENEFICIARY of the 529 account, NOT THE OWNER)  Continue Enter Form 1099-Q Distribution code should be “Distributions” Continue Distribution information   “Enter the distribution amounts as shown on Form 1099-Q. The gross distribution must equal the sum of the earnings and basis amounts”  Enter the amounts. If the program shows an error, the program may be rounding both earnings and basis up or down, if so, change the earnings to be one dollar higher or lower so the earnings and basis added together equals the distribution. Other Form 1099-Q information Follow your 1099-Q Box 4a should be checked so select “Yes” for Box 4a Box 4b should not be checked, so select “No” for Box 4b Box 6, if that is checked on your 1099-Q select “Yes” if it is not checked, select “No” Continue Death or disability “Was this distribution received because the beneficiary dies or became disabled?” Select “No” to both Continue Qualified tuition program “What type of qualified program was the distribution made from?” Select Coverdell ESA Continue Coverdell ESA Enter the basis (the balance of YOUR contributions) before the distribution (December 31, 2024)  Enter any contributions made to the 529 in 2025, this most probably should be zero Enter the total balance of the 529 Account at the end of 2025.  Continue Return of contribution     “Was this distribution a return of contribution to a Coverdell ESA?” Select “Not applicable”  Continue Distribution Transfer Select “No”      Continue Rollover Select “No” Refund of education expenses Select “No” Continue Form 1099-Q summary Here you should see a list of the 1099-Q with the amount in Box 1 for the Roth transfer which should be under the limit for 2025 of 7,000 for taxpayers under age 50.   Student information summary Here the beneficiary’s name should be listed Select Continue If you also have Form 1098-T or additional expenses relating to the student (BUT NOT THE 1099-Q FOR THE ROTH ROLLOVER) please go to  Deductions & Credits Education  Expenses and Scholarships (Form 1098-T)      

Thank for everyone's messages, very informative. I found it easy to be able to calculate yearly numbers for interest and dividends from form 26AS. The most difficult part i am facing is how to handle the taxes paid in india vs receiving credit for the taxes paid. Form 26AS has TDS deducted record but eventually the actual tax paid is only known after one files taxes. That in india is done around July -Septermber 2026(for this year) but I am currently required to put in the numbers for 2025 in my us tax return. Money earned is easy to calculate, but how to tackle the taxes paid in foreign country to claim foreign tax credit here. If I go by TDS paid, then that may create a situation to amend return or having a false number as TDS paid is not necessarily the actually taxes paid.  Please help .