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Make sure the software is at the latest release. Click on Online at the top of the desktop program screen.  Click on Check for Updates.   To amend a tax return - Continue the tax return that needs to be amended. Click on Federal Taxes (Personal using Home & Business) Click on Other Tax Siruations Under Other Tax Forms On Amend a return, click on the start button

I thought I had the same problem, but looking at the FORM 1040, shows my rollover amount (5a), the X-Rollover checked (5c) , and it is NOT included on the taxable amount (5c).  The rollover does NOT appear in my Adjusted Gross Income either. Yay! 🙂  

If you have entered the AGI from line 11 of your 2024 Form 1040 tax return and that number is not being accepted when you try to e-file your return, there are several things can do to try to get through this step:   1. Enter zero (which you said you tried) in case your 2024 return was filed late and not yet process by the IRS.   2. Verify your 2024 AGI on your IRS transcript. You can do this by logging into your IRS online account (or creating one if you do not have one).    Here are instruction on how to create or sign into an IRS online account.   3. If you are not able to move past the prior-year AGI verification step, the only other option is to paper file your tax return.   Here is a TurboTax article with instructions on what to do if you entered the correct AGI but you are not able to e-file your return.

Since you are wanting to depreciate your new guitar, I am going to assume you are claiming it against self-employment income (such as gig money, teaching income, or session work reported on a Schedule C).    IRS officially classifies musical instruments as 7-year property under the Modified Accelerated Cost Recovery System (MACRS).   Here is how to categorize and set up the depreciation in TurboTax: To spread the deduction out over time, you must enter the guitar in the Business Assets section of your Schedule C profile. Navigate to your specific self-employment business profile. Scroll down to the Assets section and select Start or Update. When TurboTax asks "Describe This Asset" or asks for the category, select Tools, Machinery, Equipment, Furniture. On the sub-category screen, select Other tools and equipment (or select Musical Instruments if your specific version of the software provides that explicit dropdown option). Enter a description (e.g., "Fender Stratocaster"), the date you started using it for business in 2025, and the exact cost. Opt-out of the upfront deductions: When the software asks if you want to take a "special depreciation allowance" or "deduct the full cost this year," select No. TurboTax will then automatically default to the standard MACRS 200% declining balance method. This will spread the tax deduction over 7 years (technically 8 tax years, because the IRS only allows a half-year of depreciation in the year you buy it).

You cannot take depreciation, including the Section 179 allowance, on a car that is not owned by the business. You can reimburse the owner of the vehicle for the business use of it. If you do that, you must maintain an accountability plan wherein the owner submits a mileage report to substantiate the business use of the vehicle. If you maintain the accountability plan diligently, the company can deduct the reimbursement as auto expense and the owner of the vehicle does not have to enter those reimbursements on his tax return or pay tax on them.    If you use such a plan, you typically reimburse the owner based on the IRS standard mileage rate, which is $0.70 per mile in 2025.   To learn more, you can see IRS Publication 463 and search for Accountable Plans.    

@Karen991 You may have more than one TurboTax online account.  See this TurboTax support FAQ for how to view all of your TurboTax accounts - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF)   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.   Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf

To report the sale of a partnership interest on Schedule K-1 (Form 1065), indicate that you had a change of ownership in the step-by-step interview under Business Info >> About Your Business.   Under Partner/Member Information: Edit the member than sold their interest and check the box on the Member Information page for "This member left the company this year." Complete the interview for this member. Edit the member who purchased an interest and check the box for "This is this members' first year as a member." Complete the interview for this member. Click Done under the Member Summary list. Indicate you had only one date of change, then enter the effective date of the sale on the next page. On the Profit Percentages page: > The selling member will have their original percentage in the Before column and 0% in the After column.  > The purchasing member will have 0% in the Before column and the percentage purchased in the After column. (Normally, this percentage is the same as the selling member's Before percentage.) Continue and check the box for Sale as the reason for the change. This action checks the Sale box on the K-1 for the selling member but has no other effect. Continue through the interview until you reach the Federal Taxes topic.   You can review these entries using Forms Mode (click the Forms icon in the TurboTax header).   In the list of Forms in My Return on the left, scroll down and look for Schedule K-1 for the selling member.  Click the form name to open it in the large window.  Under Line J, the Sale box should be checked and the beginning/ending percentages should be the same. (This follows the IRS rules for Schedule K-1.) Open the K-1 for the purchasing member. Under Line J, beginning/ending percentages will also be the same, because there was no change in the member's ownership percentage for the time they owned an interest in the LLC. You can confirm the total percentages by opening Sch K-1 Wks. Scroll to the bottom of the form to confirm Total Percentages for profit, loss, and ownership all total to 100%. Click Step-by-Step in the header to return to the main screens.

If your return is pending on the TurboTax website, the IRS has not yet taken control of it.   To check your tax refund status in TurboTax,  Sign in to your account and  Go to the "Tax Home" or "Order Details" screen  It'll tell you if your return was accepted. If you want to know the status of your tax return,  you should use the  IRS Where's My Refund website.  You'll need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your return

It is second week in March , Merrill Lynch is still not available to allow importing  tax information. Bank of America is available and working This seems to be a bug with Intuit Turbo tax  on the desktop version.  Really dissappointed at the level of support this is getting from Intuit .  

Thomas,   Good morning.  I have code "J" on my 1099-R for Roth funds used to pay for a child's higher education expenses.  When I get to the screen asking about expenses, higher education is not one of the options listed.  The only solution I found is after adding in my contributions to the Roth (more than the disbursed amount), the taxable amount goes away.  Any thoughts on the correct way to handle it?  Thank you.   Dan 

It is March and still not working for me. Long time Turbo tax user but will be looking elsewhere next year. They keep giving long detailed explanations about how to work around the problem, but I have absolutely no new info since last filing and it still won't work.    

@alextargetn wrote: 2) Besides mortgage interest, property taxes, insurance, repairs, maintenance, and utilities, is there anything else I can deduct for those two vacant months? You can deduct ordinary and necessary rental expenses for those two months provided the property was ready and available for rental use.

Because Box 1 (Unemployment/Taxable Grant) is empty, the program assumes the form is incomplete, even though you have valid withholdings in Box 4 (Federal) and Box 11 (State).   You can try this workaround: Open or continue your return. Enter $1 in Box 1. Enter your withholdings in Box 4 and Box 11 exactly as they appear on your form. Click on Federal tab, and then Wages & Income. Scroll down to Less Common Income, and Select Miscellaneous Income. Select Other reportable income (to enter an Offset). Add a description like "1099-G Penny Adjustment", and enter -1 (negative one) as the amount (taxable income is again $0 while allowing the program to process the withholdings and include them in your total refund.). Note: Make sure that you have selected the correct State ID number and State abbreviation in the 1099-G entry screen. If Box 11 has an amount but the "State" dropdown is blank, the program will trigger an error no matter what is in Box 1.