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@Mamaze wrote: Last year when I was trying to apply for ITIN for the kids, the person at the IRS office said I couldn't apply for ITIN without claiming any child tax credit, but I can't claim any child tax credit if they don't have SSN (they can't claim it with ITIN). So how am I supposed to apply for ITIN for the kids then? Do you see my dilemma here? You misunderstood.  There is a $500 tax credit for "other dependent" that your children are eligible for, even though they are not eligible for the $2000 Child Tax Credit or the Additional Child Tax Credit.   The IRS won't process an ITIN application unless the applicant has a financial connection to the US.  Listing them as "other dependent" for the $500 will create that connection and allow the IRS to issue ITINs.   You can list them as dependents, but do not check the box for "SSN valid for work".  Use a fake SSN like 999-88-9999.  Print your return and sign it.  Complete the W-9 ITIN application for each child.  Send the W9s, any required documentation, and the tax return, to the address in the W-9 instructions.  After the IRS issues the ITINs they will process your tax return.   Or visit the IRS in person, bringing the tax return showing that you are claiming them as other dependents.   There is no legal requirement that you list your dependents.  If you remove them from your tax return because you don't want to go through the work of claiming the $500 credit, there is no consequence for removing them. 

You cannot get the child tax credit at all -- ever-- for a child who does not have a Social Security number.    If your child has an ITIN then you may get the $500 credit for other dependents, which can lower the amount of tax you owe.   That $500 credit is not refundable.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/get-individual-taxpayer-identification-number-itin/L4kxLqkYI_US_en_US?uid=mg6vesqh     It is odd that you are asking how to remove the additional child tax credit.   When you entered information in MY INFO, what did you enter when it asked you for your child's SSN or ITIN?   If they do not have a SSN or ITIN, you should not even be entering anything about the child on your tax return.   Did you "make up"  a number and enter it and get the child tax credit?  

No, you cannot use a previous year's student loan interest on your 2024 tax return.    You can, however, amend the return for the tax year in which you forgot to enter the interest.  Only student loan interest that you paid in 2024 can be entered on a 2024 tax return.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=m76mq6z2    Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1     You can navigate back to the federal return to make a correction if you need to.   Use the tool bar on the side of your TT screen to return to Federal.    Unless you are entering something that is not supported by the version of the software you are currently using, there is no upgrade needed to make a correction.  We cannot tell from your post whether you are using online TurboTax or desktop download.   What are you trying to correct in federal?  

Last year when I was trying to apply for ITIN for the kids, the person at the IRS office said I couldn't apply for ITIN without claiming any child tax credit, but I can't claim any child tax credit if they don't have SSN (they can't claim it with ITIN). So how am I supposed to apply for ITIN for the kids then? Do you see my dilemma here?

@BillyDB wrote: One is that the full amount received is limited by my basis in the SubS.   The other is that I wish to defer my use of any section 179 until a future tax year.     Are ALL of your losses, deductions and Section 179 not allowed due to Basis?  Or are some allowed?   As Mike said, it is not an option to voluntarily not use Section 179 if you are allowed to use it.  The election to use it has already been made on the corporate return and you can't un-elect that or delay it on your Individual return if you are allowed to use it.

If it sold at a gain, C.   It is confusing, but for real estate, report 100% for the rental/business portion, and only report it in the rental section.    I think after entering the sales information, it will ask if it was previously your Main Home, then you will answer those followup questions to determine if you qualify for the $250,000/$500,000 exclusion.  I don't know all of your circumstances, but if you bought the home in 2021 and only lived in it in 2021, you don't seem to qualify for the exclusion.   Even *IF* you qualify for the exclusion, you there will be taxable gain due to the depreciation that you were eligible to take (that part does not qualify for be excluded).

If you are not excused by the Detail Reporting Exception, IRS requires details of your SELL transactions to be supplied on some Form 8949, or on your other forms (e.g. consolidated 1099-B or spreadsheet) which have the same information and in the same manner as Form 8949. This is so, even when the broker has sent details to the IRS already. The exception does not include wash sales, since they show an adjustment. ----- Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary. No attachment is necessary.   @grace92648 

Yes, you need to change all of your assets to match the Cost Seg on your 2024 return.   You need to add EACH of the 'new' (separated) assets.  It will likely be a long list to match your Cost Seg.   You also need to modify/correct the existing asset (such as the building) that are changing.  For the previous asset (the building) you will change the Basis/Cost to reflect the new amount that Cost Seg shows (a smaller amount, because the other assets were removed from it) and you will change the "Prior Depreciation" to match the Cost Seg (a smaller amount, because the Basis/Cost is smaller).  It will not be either $100k or $300k.

thanks. But calling IRS [phone number removed] sends you to a labyrinth of messages you can not escape, and which is completely not helpful for this case. The website also does not show anything. And there is no chat or email option. Waiting from April to end of September, and nothing yet. How long should one wait? and is there an option to learn what is happening?

@Mamaze wrote: they're too young for ITIN   I'm not an expert in ITINs, but there isn't an age limit for ITINs.  Unless you mean you are having trouble getting the required documentation for them?   https://www.irs.gov/tin/itin/itin-application-frequently-asked-questions#dependent    

paper or e-file , you can't both claim the dependent unless it is a joint return.   if you e-file with a dependent already claimed, it will be immediately REJECTED . Otherwise, ACCEPTED That will tell you what you want to know.   If both submit the claim, IRS will contact one or both of you to resolve it. @ashraf-yacoub6 

Is this item being depreciated over 27.5 years?  Was it placed in service in a previous year?   If so, it seems like somehow the program thinks you said it *IS* qualified property (maybe a glitch from a program update).   My first suggestion is deleting the asset, then re-enter the asset.  That may correct things.  

If you are filing married filing separately and you live together, you should be able to work this out.   If you are separated, and going to file as married filing separately, it is up to you to provide accurate information.  Try to work it out with your spouse or your spouse's attorney.  However, if you do your due diligence, and are unable to confirm the facts, the IRS will address any conflicts.   Due to taxpayer privacy laws, no one -- not Turbotax and not even the IRS -- can share with you what someone else put in their tax return. 

Dear Sirs, I was disappointed to learn that Intuit plans to discontinue ItsDeductible on October 21, 2025. I am particularly annoyed/disgusted that the random date in October was chosen - mid tax year! Did the executives who made this absurd decision consider us, the users?? The discontinuation of ItsDeductible was threaten in the pass and luckily the executives reversed course after significant backlash and complaints. Clearly this tool along with Turbo Tax matters to most users and helps support charitable donations. Please Please Please don’t discontinue ItsDeductible. I have been using Turbo Tax and Its Deductible for years. Its integration into TurboTax is a major reason why I continue to purchase & use Turbo Tax for the completion of my taxes. Minimally keep ItsDeductible for the complete 2025 tax preparation. I would even be willing to purchase it as a separate software package in addition to Turbo Tax. Bottom Line: If you do end Its Deductible, I will no longer use any Intuit products and will switch to your competitors' integrated applications that allow tracking of charitable donations. You will be forcing a lot of users to no longer donate & have these items end up in land fills vs supporting local charities.