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YES!!!!!   I am now seeing that TT Premier Desktop failed to even do the depreciation for the last 2 years on my camper that I rent out!!!  I am SO frustrated with TT at this point!  I am tired of it not "reading" my last year tax files correctly and doing what it's supposed to.  I mean, why would it do the depreciation the first year and then completely skip it the next 2 years?  Argghh.....

Yes, you will use the amount on your 1099-C to complete Form 982. IRS Form 982 is used to exclude canceled debt (reported on Form 1099-C) from your taxable income, typically due to bankruptcy or insolvency. It must be filed with your Form 1040 to report the reduction of tax attributes (like basis in property). This form is accepted through e-file and you should use TurboTax Desktop.  How do I report excludable (non-taxable) cancelled debt? Be prepared to include your 2011 bankruptcy documents to show that it was part of a bankruptcy. Follow the instructions and use the following publication for assistance to see if you were insolvent when the bankruptcy occurred. Insolvency-IRS Publication 4681 How to switch from online TurboTax to the TurboTax software?  It's an area that may require a tax expert for assistance.  

Yes, it is very likely your Massachusetts return will be accepted by April 15. State returns often remain in "pending" status for several days even after your federal return has been accepted. If you e-filed by the deadline, your return is considered on time even if the official acceptance notification arrives after the 15th.    An "Accepted" status in TurboTax only means your return has been successfully received and passed initial technical checks; it does not indicate your payment has been processed. If you scheduled a direct debit, the payment is typically withdrawn on the specific date you selected during filing. It can sometimes take 7–10 days after acceptance for the debit to appear in your bank account.

It sounds like you'll have to take these foreign taxes as a deduction, rather than a credit. Follow these FAQ instructions to enter the deduction:   Both the credit and the deduction are entered in the same place. Here's what you do: Enter all your foreign income in the Wages & Income section if you haven't already Navigate to the foreign tax credit section: TurboTax Online/Mobile: Go to the foreign tax credit screen under Deductions & credits in the Federal section TurboTax Desktop: Search for foreign tax credit and select the Jump to link or, Go to Federal Taxes. If asked, How do you want to enter your deductions and credits?, select I'll choose what I work on. Under Estimates and Other Taxes Paid, select Start or Update next to Foreign Taxes. When you reach the screen Do You Want the Deduction or the Credit? select the option you prefer for your situation If you select Take a Credit: Select Continue on the next screen, then select No to fill out Form 1116. When you reach the screen Country Summary , add the applicable country. Answer the questions about your foreign income, taxes, and expenses on the following screens. When finished, you'll be taken back to the Country Summary screen. If you have income from other countries to enter, select Add a Country. Otherwise, select Done. Answer the questions on the following screens until you reach your Foreign Tax Credit Summary . If you’re finished with this section, select Done. If you select Itemized Deduction: Enter your foreign taxes paid on the next screen. These should show up in the Deductions & Credits section of your tax return, under Other Deductible Expenses. From IRS Publication 514, Foreign Tax Credit for Individuals: The foreign tax credit is intended to relieve you of a double tax burden when your foreign source income is taxed by both the United States and the foreign country. [...] You cannot take a credit or a deduction for foreign taxes paid on income you exclude under the foreign earned income exclusion or the foreign housing exclusion. This logic helps explain why you are disqualified from claiming the Foreign Tax Credit without reporting associated foreign income. Foreign taxes that are non-income taxes (e.g. property tax) are always disqualified from the credit, and must be deducted. You will not be able to carry forward the foreign tax credit to future tax years, because carryforwards must be reported on Form 1116. See: IRS Topic no. 856, Foreign tax credit

Yes, TurboTax will use the higher deduction.  To ensure the higher state and local income tax deduction is actually being used before you file, you should check your actual tax forms:  TurboTax Online:   Select Tax Tools in the left menu, then click Tools. Choose View Tax Summary. Click Preview my 1040 on the left. Scroll to Schedule A, Line 5a. If the larger income tax amount is there, the software is doing the math correctly.

@MelindaS1   I am absolutely mentally exhausted from trying to figure it all out. Like I said I was up until 3:30am trying to figure it out.  LOL.  At this point I just want the easy way.  In addition to being clueless on figuring out this depreciation nightmare, I also feel like the Business Loss Carryover needs corrected.     #1 -- Isn't it easier to simply file the Form 3315 for both 2023 & 2024 instead if it is only dealing with TT missing the depreciation, rather than having to amend the last 2 year's returns?    #2 -- If I do amend the returns, you say the amended info automatically goes to the state returns.  Does that mean I'd also have to amend the last 2 year's state tax returns?  Again, seems like an awful lot if Form 3315 can simply be filed instead?    #3 -- What is the best way to just have a TT expert do this and the Business Loss Carryover on my behalf and I pay for that?  I attempted to do that last night, but it was all foreign to me, and my TT is NOT doing ANYTHING automatically for me.  :(       Found this from the Nat'l Society of Tax Professionals....  

The overtime premium you earned for the full year of 2025 is deductible in 2025. Although the One Big Beautiful Bill Act was signed in July, this provision is for the full year.   To qualify for the overtime deduction, you must meet these requirements:  You must be a non-exempt employee who is eligible for overtime under federal law (FLSA).  Your filing status cannot be Married Filing Separately.  Your modified adjusted gross income must be below $150,000 or less ($300,000 for joint filers) to be eligible for the maximum deduction, If your income is over $150,000 ($300,000 for joint filers), then the deduction begins to reduce by $100 for each $1,000 of MAGI over the applicable threshold amount. Once your MAGI hits $275,000 ($550,000 for joint filers), the overtime deduction is not available. The pay must be for hours worked over 40 in a single workweek, and only the overtime premium (the extra "half" in time-and-a-half pay) is qualified for the deduction.  Here is an article you may find helpful: No Tax on Overtime Explained: Qualified Overtime Deduction Rules for 2025