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Yes, the beneficiaries may each get a 1099-S reporting their share of gain/loss, or one may be issued to one beneficiary.  In that case, the beneficiaries will enter their % of gain/loss on their individual returns.     Depending on their income, etc. they may each only get to claim a 3K loss each year until their entire loss is used up.   Here's more info on Reporting Sale of Inherited Home.   @Anndee          

I have experienced the same thing and I called TurboTax during the evening hours, and the guy was no help to me at all. He seemed to not even know or understand about the TurboTax bundle so then I have called and talked to QuickBooks a couple times you put in for them to give you a call back. They told me the same thing. Another reply had said which was that they are having trouble with the bundle codes working when you import your info to TurboTax it’s also trying to charge me and quickbooks helpdesk told me that they would email me a code, but she did say it may or may not work. They’re trying to work out the issue. She suggested that I go ahead and pay for it and then call them back I guess and then they would give me a refund, but it would take about 2 to 4 weeks to go through so I’ll be waiting for my email with the code to try. I did record my phone call which I would suggest for anybody to do on the iPhone you’re able to hit the little three dots and hit record so hopefully this code will work 

There have been some issues with the rental property section of TurboTax this year.  The fix should be arriving with the software update this Thursday.  Please check back on Friday to make sure that the system has had time to update.

I believe you saw that after you entered your Form 1099-B in TurboTax. You may not see it again after you answered the question. Normally the discount is reported on your W-2 form and a notation of that is entered in box 14 of that form. Also, you may notice that your wages reported in box 1 is more than your social security wages as reported in box 3 when the discount on purchase of ESPP stock is involved. If that is the case, you need to make sure you entered the correct cost basis when you entered your Form 1099-B in TurboTax reporting the stock sale.   When you enter your Form 1099-B reporting the stock sales, you will see an option that says the cost basis is incorrect or missing on my Form 1099-B. It is on the screen where you enter the proceeds and cost basis. If you check that box, TurboTax will allow you to either enter the correct cost basis or will offer to help you determine what it is and then enter it for you. Usually what you must do is to take the discount listed on your W-2 form and divide it by the number of shares sold to arrive at the discount per share. Then, you add that to what you paid per share to determine the cost per share. You then multiply the cost per share by the number of shares sold to arrive at the correct cost basis to enter for your Form 1099-B.    

I imagine that any charge is a function of if you paid for TurboTax or for any add-ons (like Max). And, we in the Community have little knowledge and no control over that part of the system anyway (our main mission is to answered tax/law oriented questions).    Listen, if you call the number and get asked to pay a fee (and decline), I have one more option - to delete all of your HSA data and start over. I don't know why your HSA interview experience is so different most other taxpayers, but the last resort of deleting your HSA data to start over has helped many.   If you want to do this, please see the following:   HSA RESET ***Reset***   1. make a copy of your W-2(s) (if you don't have the paper copies) 2. delete your W-2(s) (use the garbage can icon next to the W-2(s) on the Income screen)   *** Desktop/Windows***   3. Go to the upper right and click on Forms, and  4. Select the desired form (1099-SA (if one), 8889-T, and 8889-S (if one)). Note the Delete Form button at the bottom of the form’s screen.   *** Desktop/Mac*** 3. Switch to Forms Mode by selecting the Forms icon. 4. From the menu, select the form (1099-SA (if one), 8889-T, and 8889-S (if one)) you want to remove (if you don't see it, select Open Form at the top). From the Forms menu, select Remove [form name].   *** Online ***   3. go to Tax Tools (on the left), and navigate to Tools->Delete a form  4. delete form(s) 1099-SA (if one), 8889-T, and 8889-S (if one)   5. go back and re-add your W-2(s), preferably adding them manually 6. go back and redo the entire HSA interview....  

Your spouse will file as a Part-Year Virginia resident.  She can use her Texas residency for the time she was active duty.  If she had no Virginia income, she would not be required to file as part-year Virginia return.  If you are a Virginia resident with Virginia income, you can elect a joint return using Filing Status 3 - Married, Spouse Has No Income from Any Sources.  You would have to follow the instructions provided here: How do I prepare a joint federal return and separate state?  

Yes.  If it is prescribed by a doctor to treat a medical condition, it would be a deductible medical expense if you are itemizing your expenses.  Medical expenses are only deductible for the amount that is over 7.5% of your AGI.  This means if your AGI is $100,000, then you would only be able to include in itemized expenses the amount that is over $7,500. Itemized expenses include mortgage interest, gambling losses up to 90% or up to winnings (whichever is less),  charitable contributions, state and local taxes up to $40,000, medical expenses in excess of 7.5% of your AGI and federally declared casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.    Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.  The 2025 Standard Deductions are as follows: Married Filing Joint (MFJ)              $31,500 Married Filing Separate (MFS)      $15,750 Head of Household (HOH)             $23,625  Single                                                 $15,750                                 Blind or over 65 and MFJ or MFS add $1,600 Single or HOH if blind or over 65 add $2.000 Standard Deduction vs. Itemized Deductions: Which Is Better?  

No, that is not correct.  QBI is the lesser of 20% of your QBI or 20% of taxable income minus net capital gains.  The senior bonus deduction lowers your taxable income.  If you look at line 14 of form 8995, you will see the numbers and calculations for you.  Line 14 is a limiter and it would include your Senior deduction.    QBI is calculated as follows: Reported income- expenses- 50% of your SE taxes- Self Employed Health Insurance- Retirement contributions.   Note: There can be other deductions as well, but these are the most common. It can also be limited by taxable income limits which would include W-2 income and capital gains.     Example.  You have $11,000 in income from self employment.  $1,000 in expense.  $1,530 in Self Employment Taxes.  Your QBI would be calculated as follows: $11,000 -$1,000 =$10,000 -(1,530/2) =$9,235 QBI tentative deduction= 20% x $9,235= $1,847   You have other income of $30,000 and you are single but over 65.  So after your standard deduction and senior bonus, your taxable income is $8,250.  Then you would take 20% of that which would be $1,650.  So your QBI would be limited to $1,650.  So you should not override it. @socalgalish