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The section 179 option allows you to deduct up to 100% of the cost of the assets, but is limited to your net income after expenses in the current year. Any deduction not allowed gets carried over to the next year and again will be limited to the net income that year and that situation repeats until you use up the full deduction.   With the bonus depreciation, depending on when you place the assets in service during 2025, you can also deduct up to 100% of the cost of the assets, but the full deduction applies to the current year, even if you have a net business loss.    So, if you want a carryover of depreciation to future years and your net income is zeroed out by the special depreciation, you would be better off with the section 179 choice. You also have an option to select normal MACRs depreciation where you get the cost of the assets spread out more evenly over the useful life of the asset, with more be applied in the earlier years though.   You also have the option of choosing an amount less that the cost of the asset for section 179 treatment and then have the balance depreciated using special deprecation or normal (MACR's) depreciation.  

Hello. I am in a jam. I bought the premier turbo tax which I think I meant to buy deluxe. But the real problem is that I can’t update my computer to windows 11. Can I return the product and do the online version??  Please help!

Yes, you will need to file an FBAR if you file form 8938, since the max value of the account is likely over $10,000.  Canadian retirement accounts — including RRSPs and TFSAs — are explicitly treated as foreign financial accounts for FBAR purposes.   Here is a link to file an FBAR.

Thanks for the clarity, Now that it's getting clear that I have to file the tax on his behalf, the following questions came up: 1. What is the form for filing his taxes(1040...?XXX) 2. He does not have or had any income when he stayed with us during 2024, as we supported him 100%, How will I denote this situation to the IRS? 3. Is it too late for filing on his behalf? and He has to sign the form?( I believe so)

If you are using desktop software you may need to do a manual update. Try clearing your Cache and Cookies and then try this link instructions.   If you are using the online software, Clear Cache and Cookies. 

it depends. You must report the highest balance each individual account reached at any point during the year, even if funds were transferred between accounts, causing double-counting. FBAR is informational, not taxable, so inflated totals due to transfers do not cause penalties. Report the max value per account, not the total net value

Sounds like something got stuck. You can try these things:   Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu. Clear Cache and Cookies: This removes old, "corrupted" data that might be confusing the website. Use an Incognito (Private) Window: This is the most effective "quick fix" because it launches the browser without any saved history or extensions (like AdBlockers) that often interfere with tax forms. Check Pop-up Blockers: TurboTax often opens forms (like the 1099 PDF) or payment windows in a separate pop-up. Look at the right side of your address bar for a small icon with a "red X"—click it and select "Always allow pop-ups from Intuit." Restart the Browser: Close all open windows of your browser entirely and then reopen it.   Most TurboTax errors happen because the browser is trying to use an old "session" from a previous visit. By clearing the cache or using Incognito mode, you force the browser to establish a brand-new, secure connection with the Intuit servers.

This is not a form that TurboTax supports because there are a low volume of users who require it. If you need it to claim the S Corporation Apportionment Tax Credit, you can download, complete it, and mail it in to the State of Iowa.  Here is the link for the download. 

For how to update, see: https://ttlc.intuit.com/community/taxes/discussion/my-return-is-telling-me-to-check-for-updates-online-not-sure-how-to-do-it/00/3730621   But, I doubt that updates is really the problem. Information flows automatically from the worksheets  to IRS form 8863.  For more specific help, explain what it is you are trying to accomplish.   Here's a post on the five main points on the  1098-T: https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114