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Rick - I want to thank you for your response.   I just want to take a moment to clarify it.    I have the stepped up basis from the date of death.  For example, let's assume $6,000 for that.   Every one of the K1s has a separate schedule with figures and I'm including an example on each: A) Initial Basis $5,000 B)  Cumulative Adjustment to Basis.  Negative $200 C) Cost Basis $4800 Now let's assume the sale proceeds were $5,500. I think what you are recommending I do is take my stepped-up basis of $6000 and subtract the k1 basis adjustment (B) and use a basis for $5,800.   Using this would result in a loss of $300 but this would just be entered on the Partnership inputs in Turbo Tax.   For the 1099-B section, I think you're saying to input a basis equal to the sales proceeds with a zero gain/loss. I am already entering the k1 schedule value for "gain recapture as ordinary income" (which is also box 20AB on the K1) so I think I'm good there.  I do have a couple of related questions: 1) In the partnership section, TurboTax asks me to input the capital account information.  This is on the K1 but should the "capital contributed" input be set equal to the adjusted basis above?  If so would I need to adjust the "withdrawals and distributions" and "current year net income" inputs on that same screen? 2) Turbo Tax asks for purchase dates and sales dates.   Should the purchase date input be adjusted in any way because this is inherited?   I am indicating on another input screen that the owner died and the interest was transferred. Thanks!    

Based on the information you shared, I believe that you tried to get an IP PIN for your adopted son.  However, you were unsuccessful due to there being information in the IRS system contradicting his custodial parents.  But, you and your spouse are his parents and there is not a custodial issue in question.     Filing Form 8332 is not the action to take to get the situation corrected because it is meant to be used when parents are not claiming a dependent on a joint tax return but they share custody of their child.   Your best course of action may be to provide the IRS with a copy of the adoption papers for your son so that the information in the IRS system can be updated.  The recommendation is that you contact the IRS Taxpayer Advocate for assistance.  You can explain the situation and how the discrepancy was discovered and they will be able to advise you and help to get it fixed.  You should ask about getting assistance with an 'IRS System Issue'.    Use the following links to get started with contacting the Taxpayer Advocate and to learn more:   Contact TAS   Taxpayer Advocate Service  

Are you sure you are not in the 2024 version?  The SALT tax is $40,000 in the 2025 version of TurboTax.   In the 2025 version the only way you should see a $10,000 SALT limit is if your income was $600,000 Otherwise, it would be $40,000.    Note:  If married filing separately and your SALT limit starts at $20,000 then you would see a phase out starting at $250,000.     

Yes.  You should amend your return if something is not correct on it.  No.  TurboTax will not see that you overpaid in 2025 and give you a credit for 2026.  In order for you to have a credit for 2026, the state has to have the forms and review your return.  The state is the one that decides if you really get the refund of not.  TurboTax simply enters the information you provide and does the calculations for on the forms and then transmits the forms to the IRS and the state.     So in order for the $254 refund to be real, the form actually has to be sent to the state.  

You will need to amend your return.   If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.  You must first wait until the initial return is completely processed.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start new at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download 

If your tax return is rejecting due to a missing Form 1095-A and you don’t have access to Healthcare.gov, here are some options: 1. Verify if anyone in your household had Marketplace coverage. This form is issued to those with coverage through the Health Insurance Marketplace. 2. Request Form 1095-A from your Marketplace. If you used a state Marketplace or another platform, check their website or contact them for a copy. 3. If you truly didn't receive Form 1095-A and no one in your household had Marketplace coverage, you can certify this in TurboTax by answering “No” to the question about receiving a 1095-A. This certification allows you to e-file despite the IRS record. 4. If e-file keeps rejecting and you have trouble obtaining Form 1095-A, you can file your tax return by mail.  These steps can help address the IRS rejection due to a missing Form 1095-A when you don't have Healthcare.gov access.

If the IRS accepts your tax return you will have to amend the return to change your dependency status.   You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is rejected you can make the necessary changes and e-file again. If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 12 weeks or longer to process an amended tax return. Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk

Here's how to get all the forms and schedules.   TurboTax Online: Sign in to your TurboTax Account. Scroll down to the "Your tax returns & documents" section. Select the specific tax year you need. In the left-hand menu, select Tax Tools > Print Center. Select Print, save or preview this year's return. The Key Step: Look for a checkbox or dropdown that says "Include government and TurboTax worksheets" or "All forms." Click View/Print to generate the full PDF, which will now include every schedule (like Schedule C, D, or E) and the internal worksheets.   TurboTax Desktop: If you used the software installed on your computer, you must open the specific program for that year (e.g., open the TurboTax 2024 app). Open your saved .tax file. Go to File > Print. In the print window, select the radio button for "All forms and worksheets." Choose "Save as PDF" to keep a digital copy with every detail.  

Open your tax file and go to File. Proceed to the screen, "Review Your Federal Filing Choices". Review your Identifying Information (AGI). If you filed a prior year return, you must enter the Prior Year AGI for the Taxpayer (and Spouse if applicable). Do not use the tabs at the top of the screen to exit this interview. Once you have made the necessary corrections, you may resubmit this return for electronic filing. If the reject continues, you may need to print and file this return by mail.

You will need to delete all forms related to this. Besides the ACA explanation, look for form 8962 and any related worksheets.    If you are using: TurboTax Online: see How do I view and delete forms in TurboTax Online? TurboTax Desktop: On the top right, there is a FORMS button. Click on FORMS. Locate the form you want to delete. Click on the form name. Below the form, bottom left, select DELETE FORM button. Always use extreme caution when deleting information from your tax return.  There could be unintended consequences.   

Any update? My “where’s my refund” updating this morning and is back in the “Return Received” status. The note says they are reviewing the return and to allow 60days. Planning to call IRS this morning and confirm whether the finally received the money. 

The IRS and state tax agencies are processing large quantities of filed returns, which may cause a delay of several days for payment processing.   Please note that the IRS or state agencies might debit your payment after the actual deadline, and banks may require additional time to post these transactions to your account.   You won't incur late payment penalties provided that your return or extension was filed by Apr 15, 2026 and your chosen payment date was on or before that same day.   If a debit doesn't appear in your account within 7 to 10 days of your return being accepted, you should contact IRS e-file Payment Services at 888-353-4537 or reach out to your state tax agency. If duplicate payments were received by the IRS, you must contact them directly to request a refund. Creating an IRS Individual Online Account is often the most efficient way to manage your tax information.    Taxpayers with a valid SSN or ITIN can use this portal to:   Monitor balance due and review payment history. Organize, schedule, or cancel payments. Access tax transcripts and digital notices. Establish or view existing payment plans. Verify and save bank account details for future use. Review data from previous returns, such as AGI. Electronically sign authorizations and power of attorney documents from tax professionals.