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There are other options.  The rental area was recently updated, so please clear out your stored cache and cookies if you are using TurboTax Online or update your software if using Desktop.   Then, navigate to the rental you added flooring to, and choose add expense or asset. Select Improvements, furnishings, and other assets, then continue. Now you'll see Improvements, furnishings, and other assets in the list of assets, you'll choose the pencil icon to edit or choose start. Now, you can enter the information regarding your expenses.    

You do not enter a W-2 in the section for retirement income using Form 1099-R.   Click on Federal on the left side of the online program screen Click on Wages & Income Click on Wages & Salaries (W-2), click on start or Edit/Add

The nontaxable income on the Forms 1099-R from the Roth IRAs should not have been entered in to TurboTax Business at all.  Of the IRA distributions, only the taxable amount of the code-4 Form 1099-R for the distribution from the traditional IRA should be entered as income on Form 1041 line 8 when transfers to box 5 of the beneficiaries' Schedules K-1 in proportion to their relative shares to be included in taxable income on the beneficiaries' tax returns.   This amount in box 5 is Income in Respect of a Decedent.  The beneficiary is responsible for the taxes on IRD.

well, I just spent 2 hours with H&R block efiling, only for them to never provide the form and ask for money saying they'll send it to a tax expert to fill out for me... THAT'S INSANE!  That's worse than what TurboTax is doing, claimed it's a "Complex Document".... no it isn't.... WHAT IN THE WORLD IS WRONG WITH THESE PEOPLE. 

If your employer will not provide you a W2, you can prepare your return with your paycheck stubs if you have them.  There are steps you should take- here is the information from the IRS: If you don't get a W-2 by end of February If you contacted your employer and still don't have your W-2, call us at 800-829-1040. Have your information ready so we can help you: Name, address and phone number Social Security or individual tax ID number Dates when you worked for the employer Employer's name, address and phone number We'll contact your employer and request the missing W-2. We'll also send you a copy of Form 4852, Substitute for Form W-2, Wage and Tax Statement. You can use this to file your tax return without your W-2. See If you don't get a W-2 or your W-2 is wrong.

You are allowed to withdraw  money from your Traditional IRA (not Roth) with out the 10% penalty. Tax (but not the penalty) is still due.   The penalty waiver does not apply to 401k accounts.  So, under age 59.5, you pay both tax and penalty. 

Provided you use the same ID and password, the information from your 2024 Mobile device will carry over to your 2025 PC based online account.   If your transferring from the mobile device to the Desktop based version of TurboTax Open TurboTax 2025 Desktop, select "Begin," and choose the option to import from the online version, signing in with the same credentials used in 2024.

Yes and yes. You should file Form 1040X, as well as an amended California return to amend your prior year returns and properly report the discrepancy.    If you used TurboTax last year, you can locate your prior year documents and returns by scrolling to the bottom of your Tax Home screen.   Since they were all long-term, you will not need to re-enter all of the sales. You can simply input the amount of the discrepancy when you are in the Investment Income section in the Federal Wages & Income category.   Here are the steps within TurboTax:   Open the tax year you need to change Start the Federal Amendment first. Navigate to Wages & Income, Investment Income, Stocks, Cryptocurrency, Mutual Funds, Other Edit the existing entry  Enter the correct Form 1099-B information. TurboTax will compare this to what you did previously and generate the Form 1040-X automatically. Review the State Section. After finishing Federal, go to the State tab to ensure the California amendment is triggered.   Note that you will need to mail these documents along with your amended returns:   Federal: Form 1040-X: The main amendment form, signed and dated. Corrected Forms/Schedules: Updated Schedule D and Form 8949 Form 1099-B: Highly recommended to include a copy of the new Form 1099-B for quick verification by IRS Payment: Since the new Form 1099-B shows that you owe more tax, include a check or money order payable to "United States Treasury." Write your SSN and "2025 Form 1040-X" on the memo line.   California: Form 540 (Amended): In California, you typically file a new Form 540 with the "Amended" box checked at the top Schedule X: This is the California-specific form used to explain the changes Copy of Federal 1040-X: California requires a complete copy of your federal amended return to be attached to your state amendment Form 1099-B: Include a copy for the State

As long as you meet the qualifications for this deduction, it is automatically applied to your tax return. You don't need to take any additional steps. Qualifications: -Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). -Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with deductions phasing out above those levels. Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income.  You can see the information for the Senior Deduction is reflected on Schedule 1A, Part V, Line 37 For more information, see Deductions for Seniors.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older