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1. For the 1099-B enter it exactly as reported.  2. Yes, straddles and options should be reported separately on 6781.  Here is a good discussion on that. 3. Various is a perfectly acceptable entry for the purchase date.  For the sale date enter the final sale date. 4. You reported the numbers exactly as they are on the K1 which is correct.   5. Entering the same numbers in this section won't double count it.  There's a lot of redundancy in that area. 6. You entered that exactly right. 7. Those line 20 items are mostly informational and would be related to a basis carryover if you had kept the partnership interest.  Since you didn't they aren't really going to show up on your return at all.  

First, once the property was not available for rent, all expenses cease at that time. Any capital improvements will be added to the cost basis as a separate amount. As far as 2024 goes, if the home was available for rent at a certain point then the improvements asset was entered and used appropriately, even if the property did not have a tenant.   For 2025 maintain all capital improvements records and if there was no rental activity because it was not made available for rent, then the expenses you listed (property taxes, insurance premiums, repairs, and utilities) are not deductible on the Schedule E rental. The property taxes could be used on Schedule A if you itemize deductions.   In the rental property assets you should indicate the following: Once you reach the asset section of your rental property you will select each asset and then indicate the following as the screens come Beside each Asset select to edit/update   Select  The item was sold, retired, etc... Do not enter a date of sale instead select that is was converted to personal use and enter the date. Continue to Select 'Yes' for Special Handling. Keep all the asset records so that you do have them if and when you sell the property. The depreciation recapture will be necessary when and if that happens in the future.

If you didn't pay taxes on the $42,691 distribution, you may have been taxed more. You would have to add the income from the original tax return to se what your taxes would be.  You paid 19% on the $42K.  That's a combination of the 12% and 22% brackets.   Marginal rates. For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are: 22% for incomes over $48,475 ($96,950 for married couples filing jointly). 12% for incomes over $11,925 ($23,850 for married couples filing jointly). 10% for incomes $11,925 or less ($23,850 or less for married couples filing jointly).  

You need to find the rental income section under Wages and Income and set up your rental property.  On the page that says Review your (name of rental) Rental Summary, choose the Assets/Depreciation option to enter the cost of your rental property and assets.     When you are done with the rental section, you will come to a screen that says Let's gather you business info. Look for the menu option that says Less Common Business Situations and choose Net Operating Loss/QBI carryover loss. Work through that section to enter you loss carryforwards from the prior year.

Thanks Marilyn. I'm using TurboTax Premier desktop (Windows) version and the interview process (e.g. "Walk me through everything")  doesn't make it obvious that it's only asking for expenses (tuition, books/materials purchased from school) that relate to an Education Credit.    The first question it asks in the Education section is "Do you have any higher education expenses in 2025?" and it references the 1098-T. If this section is ONLY to be used for Education Credit then it seems TurboTax could be more clear in the interview questions.   I agree with MollyShr's comment: "If the advice is not to enter the 1098-T and 1099-Q information, then please make it easy and clear what must be entered even if the qualified expense cover more than the 529 plan distributions".   It took some effort to "undo" my entries in this section to get TurboTax to calculate the tax correctly, effort that could have been saved if the guidance was more straightforward in TurboTax.  

@douermom wrote:  When I have the sale of rental property entered in schedule E, it allowed all the loss, and put the loss in line 8 on form 1040. Is it correct?   While we can't be sure without seeing everything, it is common.   The sale of your Passive Activity (the rental) allows any suspended Passive Losses to be used.  If you had suspended losses, yes, it is common that will trigger a negative income for the rental (which starts on Schedule E, then flows to Schedule 1, and eventually shows up on line 8 of Form 1040).

No.   You cannot deduct your dependent's health plan as Self-employed health insurance.   The IRS says in this document page 1:   For self-employed individuals filing a Schedule C (Form 1040) or F (Form 1040), a policy can be either in the name of the business or in the name of the individual.