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You don't enter the construction bill as a simple "expense" like paper or ink. Instead, it is treated as a capital improvement.   The Business Percentage: If your new room is 200 sq. ft. and your total house (including the new addition) is 2,000 sq. ft., your business use is 10%. Depreciation: You add the construction cost to the "basis" of your home. You then depreciate the business portion of that total basis over a 39-year recovery period (the IRS standard for non-residential/business real estate). the portion of your home that is now used for business is classified as non-residential real property. Direct vs. Indirect: * Direct Expenses: If you paid specifically for built-in shelving or special wiring only in the office part of the addition, you can depreciate 100% of those specific costs. Indirect Expenses: The general construction of the room (foundation, roof, walls) is depreciated based on the square footage percentage.   3. Entering it in TurboTax (Self-Employed/Schedule C) To get these costs to show up correctly:   Go to Business Income and Expenses (Schedule C). Find the Home Office section. Choose the Actual Expenses method (the "Simplified Method" of $5/sq. ft. does not allow you to claim depreciation for construction). When asked about "Assets" or "Depreciation" for your home office, you will enter the New Room Addition as a new asset. Cost: Enter the total cost of the construction.  Date Placed in Service: The date you actually started using the finished room for business.

My apologies for not getting back sooner.   I did not put my specific personal numbers in my original posting for privacy reasons.   I have significant income from investments and my employer withholding does not cover it.  So estimated tax payments need to be made each year.  I understand completely what you mean about avoiding the underpayment penalty and requiring 110% of the previous year's taxes.  I was able to do an override to get the 100% of 2026 taxes field to show up on the "Estimated Taxes and Form W-4 Worksheet".      Then I found another problem because the estimated vouchers still were not being generated.  On the "Estimate Tax Payment Options" form in the "Amount of Estimated Taxes to Pay in 2026", the second line which says "Expected Withholding for 2026" had a note beside it saying is was using "(2025 actual withholding)" which ending up putting in a very large number... way more than my 2026 projected withholding.  This made it look like I was already paying too much and so the vouchers did not generate.  The number I entered when answering the questions was my total 2026 taxes withheld without including estimated tax payments.  So I had to override that number on the form and FINALLY the correct vouchers were generated.   I don't know if I have explained this well enough.  I've been using TurboTax for 15+ years, including estimated vouchers and this is the first year the incorrect numbers were being generated.  I could tell from the questions I was asked that this is an update to this part of the software.  

Hi Dave,   Thanks for taking a look at this, but it's still not working. In 2003 my total payments (line 76 of NYS IT-201) was $516. When I put that amount in the error persists. The total amount I owed in line 80 was $1889, so I tried that amount too but it also doesn't work.  On the NYS worksheet for 2025 (State and Local Income Tax Refund Worksheet) I have "Refund Tax Year" = 2023, "Refund Amount Received" = $400, "Taxable Amount (if Different)" = $400, "Total Payments and Withholding" = $516. What am I doing wrong??   Thanks, Gideon  

You can edit the capital loss carryover in TurboTax Online by following these steps:   Go To Federal > Income > Wages & Income Summary Find Capital Loss Carryover and Add/Edit Choose Edit on the top right of the summary and enter your carryover information Capital losses can be carried forward indefinitely.  So, there is no harm in leaving it, unless you missed a year it should have been taken.  If that is the case (and 3 years has not passed since the original due date), you can amend that prior year return.

I'm seeing the same issue! Individuals: Enter the total of Form 1040, 1040-SR, or 1040-NR, line 16, and Schedule 2 (Form 1040), line 1z.    The amount that is carried over here DOES NOT match the amount on 1040, line 16. It's a fraction of the amount. This is causing my AMT FTC to be much lower - and thus, causing an AMT bill.  Please fix!

@dmertz explains well how a deleted form can come back. Which form are you having trouble with?   This often happens with a 1095-A   If your return is rejected because of the 1095-A: The IRS database thinks that you or a member of your household has, or has had a Marketplace policy.   You should Confirm that you and no one else got a 1095-A You can use the phone number listed by state at  The Health Insurance Marketplace. If you're sure you don't have a 1095-A you can use these steps to clear it. Select Tax Tools On the drop-down select Tools There will be 2 green boxes Select Topics Search Type 1095-A The question will come up Did you receive Form 1095-A for your health insurance plan? Answer Yes Continue to the form Delete it using the trash can Repeat the process When you get to Did you receive Form 1095-A for your health insurance plan? Answer No

So, If I answer "YES", and TT does NOT give me any options to input anything other than information for panelboards, subpanel boards, branch circuits, or feeders, how is that information entered for the other items? Other than entering directly on the form? TT has completely omitted Form 5695 Section A and went directly to Section B. And just to confirm, this is TT Premier 2025 for Windows Desktop WinPerRelease [phone number removed]

Wrong. Try again. It went through turbobtax and it was deposited by turbo tax. Now you got your money, why cant my federal just post to my account and not go through turbo tax? Makes no sense? Coming from 2 different entities, then fix it once paid. Now I have to wait many days to get it because of this error. Just release it. 

Tuition paid in 2025 qualifies for 2025 tax credit -whether it was for 2025 or the first 3 months of 2026. Form 1098-T is considered an informational form rather than an accurate tax form. Return to the 1098-T entry.  Edit On the screen where you enter amounts for boxes 1, 4, 5, 6,  look at box 7.  Check the box  7 for amounts paid for Jan - Mar 2026 included in box 1. If the school failed to check the box, you can check it. To claim the Lifetime Learning credit, you cannot be MFS. In addition, the credit begins to phase out at $80,000 ($160,000 MFJ).

it would be reported as investment income>capital gains and losses. You will be asked what type of asset you sold. Even though it is a vehicle, you should treat it as a Personal Property or Investment asset if it wasn't used for a business.   Description: Enter the year, make, and model (e.g., "2022 Ford F-150"). Date Acquired: This is typically the date of the decedent's death. In an estate, you receive a "stepped-up basis," meaning your "purchase date" is effectively the day they passed away. Date Sold: Enter the date the estate settled the sale. Sales Price: Enter the gross proceeds from the sale.