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  WHAT IF…? If you are using Desktop software: With your return open, click Forms in the upper-right-hand corner Click Open Form In the Search area, type the word what. You should see the What If Worksheet listed, click to open it.

M-Mtax, I understand the question.  First, my quote is actually 17500, and I don't expect anything major at this point (furnace and water heater done in 2024). i live i So Cal so property is a little pricey and therefore 10k is the lower of the limits. I think I could take about 9k this year before hitting the limit leaving 8500 next year.   But AmeliesUncle got me looking further about Roof repairs. seems like most responses on internet search would lean towards Capital expense (depreciate), but throwing this out there in case either of you (or other Community members) can further opine, or possibly point to a credible source that  leans toward current expense. I took ownership in 2020. Roof (asphalt shingles) approaching near end of its life but has held on. No leaks thus far and don't want to risk that so doing the work soon.   I relooked at the quote detail. It's simply a asphalt shingle overlay (they are not removing existing shingles - I recall now that you can do this once before having to remove shingles on future replacement (a weight issue). so no underlayment (paper) replacement......does that possibly impact classification?    Thanks all

MAGI is calculated differently for different purposes. There are over a dozen different definitions of MAGI, depending on what it's being used for. What do you need your MAGI for? For most purposes the details of the MAGI calculation are not shown in TurboTax. The calculation is done behind the scenes. Even the calculated MAGI amount might not appear in TurboTax, unless it's required on an IRS form. There is only one situation where TurboTax has a worksheet for calculating MAGI, and it's a very uncommon situation.  

You should consider changing your W-4 for 2026 so that you have enough tax withheld.     W-4 https://turbotax.intuit.com/tax-tools/calculators/w4/  https://www.irs.gov/individuals/tax-withholding-estimator https://www.irs.gov/pub/irs-pdf/fw4.pdf  

The timing of the MAGI calculation depends on the specific program, credit, or deduction for which it is being used to determine eligibility.   What type of income or credit are you trying to find that uses Modified Adjusted Gross Income?

How disability income is reported on a tax return  depends on the source of the income and who paid the premiums for any insurance plan. The payer of your benefits will typically send you a form (such as a Form W-2, Form 1099-R

Sorry if I was not clear.  Yes, I was talking about the long-term capital loss.  I was thinking that, logically, if the LTCG is being parsed into NIIT-relevant versus NIIT-irrelvant, that probably I would need to parse the capital loss proportionally when I did my NIIT calculation but chatgpt said no, that it could all be subtracted in the NIIT calc.  I don't recall how I posed the question.  Yes, I will not get an answer in time but I am confident you have given me good guidance and also, at least, I am working with chatgpt to determine how much stock to sell this year, although, frankly, it has been a nightmare; but with me cracking the whip, I think we'll get there in the next few hours.  Thanks.  The only reason I didn't do this optimizaiton myself is that I didn't have a great handle on QBI which has nightmarish 'cliffs' for folks like me who have no W-2 income.  if I had it all to do over again, I would have figured that out and done it all myself, given how much time i am spending checking and correcting chatgpt's work.

What was the mistake?   TurboTax provides do-it-yourself tax software.  TurboTax guarantees the calculations done by its software.   The information entered into that software is data entered by you, the user.   TurboTax cannot and does not check that information against any outside sources, so TT cannot know if you entered your information completely or correctly.   It is up to you to enter all of your information correctly and completely, and to check your tax return before you file it.  If you forget to enter some income, or enter it incorrectly, enter it in the wrong place, etc. then you may end up owing additional tax to the IRS and/or state.  TurboTax does not pay the additional tax you owe.   If TurboTax’s calculations were incorrect, and you owe penalties and/or interest, then TT will pay the penalties and interest.  The tax due is always owed by you, and must be paid by you.   If you need to enter a claim for the accuracy guarantee:   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/submit-claim-turb...    

TurboTax gets no information after you e-file or snail mail your return.   If the IRS shows that your 2024 return was received, then they must still be processing it.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.   If the IRS does not show anything for the 2023 return that you filed by mail, there are a couple of possibilities---first--your return might have been lost in the mail and you will need to mail it again.  Or, second, you are using the wrong amount for the refund when you check the refund status on the IRS site.  You have to use the amount on line 35a of your Form 1040.  

Are you speaking about your LT Cap Loss? I didn't understand just what you meant. Was that within the NUA? Perhaps more explanation? How did you pose the question to ChatGPT   With ChatGPT and CoPilot I frequently encounter errors. Both are great sources but "Trust but verify". Early on in my researching how to report the NUA sales I asked ChatGPT and CoPilot Are proceeds from the sale of a stock held in an NUA subject to the NIIT. Both answered that they were. Following my challenge that the instructions for Form 8960 clearly stated they were not, both changed corrected their answer. In checking today 12/30 the same question is now answered correctly.   It looks like you aren't going to get a response to your posting. Perhaps too complex of a question?