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I can enter SS into my Windows Home & Buisness program.  If you click on Visit All by Retirement Plans and SS you do get the message This section will be ready soon.    But you can click on the next line down by Social Security to enter SS. I never use the Visit All button.   And interest is working ok.  Have you updated your program?  Go up to Online-Check for Updates.

@DapperCat wrote: (Total_doubletime_pay/2) = Qualified overtime.   The current IRS interpretation of the law is that only the Fair Labor Standards Act (FLSA) required 50% is deductible.  That means the double-time would be divided by 4.   For example, normal pay is 100%.  The required FLSA is 50%, which is deductible.  And your employer double-time is paying another 50%, but that is not required under the FLSA so that is NOT deductible.   Be aware that the rules are only hours in excess of 40 hours count as overtime.  I think California also requires overtime pay for working more than 8 hours in a day, but that does not qualify for the overtime deduction unless it also results in over 40 hours during the week.

Hello Katie, Your instructions seem a lot simpler than what GabiU PM'd me originally. I followed the instructions above and here's the token number that was generated (another note for the developers - the token number itself can't be highlighted and copied): [removed]-73443737   Thanks.            

If I remember correctly, when you tell TurboTax that you sold the business there will be a followup question (or maybe a checkbox) asking if you received payments over more than one year (or in later years).  That will allow you to choose to use the Installment Method on Form 6252 if you want to do that.   If you have the proper information about the depreciation in TurboTax, it should handle the depreciation automatically when you report the sale, including using the Installment Method.   *IMPORTANT*:  Although I think the program will handle it automatically, if it does ask you questions about it, the deprecation on your real estate results in "Unrecaptured Section 1250 Gain", most likely *NOT* "recapture".  They are treated VERY differently.  The "Unrecaptured Section 1250 Gain" will be taxed as you receive payments from the Installment Sale.

It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. For Online version you can preview the 1040 https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 The maximum deduction is $6,000 for each person 65+. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). The MAGI is normally the same as your AGI on 1040 line 11 but with some Foreign items from Form 2555 added back in. On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. You can not get it if you file MFS Married filing Separate.

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   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

This it technically wrong, but ... many people in your situation don't file it.   There will be a penalty for filing an incomplete 1099.   Many people choose to not file the 1099 when they don't have the information and take the risk of maybe getting a penalty if the IRS notices.  But you need to be sure to answer the questions truthfully about 1099s on Schedule E.   In the future, always get a W-9 filled out BEFORE you pay a contractor.

How did you finish early?  You can't enter the 1099R  yet.   And you have to report ALL your income on the same tax return.     How old are you?  You didn't actually pay the tax or the 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½). You had taxes withheld like from your paycheck. You still have to enter the whole gross amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket and can reduce any credits) and then the withholding is subtracted from the total tax to figure your refund or tax due. The Gross amount shows up on 1040 line 4a or 5a and the taxable amount on 4b/5b. The withholding will show up on 1040 line 25b.