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To enter, edit or delete estimated taxes paid (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button   On Federal estimated taxes for 2025 (Form 1040-ES), click the start button   Federal estimated taxes paid are entered on Form 1040 Line 26

You will post the amount you paid in estimated taxes directly into the program.  Open TurboTax Online Under Federal Select Deductions & Credits Scroll to Estimates and Other Taxes Paid In the drop down pick Estimated Tax Payments [Start] Select your state.

In the TurboTax Deluxe, there is no Federal>Other Tax Situations>Other Return Info>Identity Protection PIN. In the Forms section, there is a Federal Tax Info page (labeled "Info Wks"). In that form, at the bottom of the page, has space for both last year, and this years PIN. However, neither allows for 6 digits. I go to the IRS. On the IRS main page, a banner indicates "If you accessed your IP Pin on Jan 6, 2026, Due to a programming issue an incorrect IP PIN displayed on Jan 6, 2026. This has been fixed the the correct IP PIN is now in your Identify Protection PIN (IP Pin). Following the link, to the IP PIN page, it shows my pin as a 6 digits. Any workaround? Thanks

To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button Online editions -   On the screen Did you get a 1099-R in 2025? Click on Yes On the screen Let's import your tax info Click on Change how I enter my form On the screen How would you like to upload your 1099-R? Click on Type it in myself On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

Yes you need to report and enter the 1099R.  What did you do with the account ?  What code is in box 7?   Enter a 1099R under Federal Taxes Wages & Income Then scroll way down to Retirement Plans and Social Security Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start If you are adding another 1099R there might be a Add button at the bottom of the list.

You can click on 'Live Tax Advice' at the upper right of your page to connect with an expert to see their recommendations.  You could open up your 2023 and 2024 returns, go to your Asset Summary, and Edit your trailer asset to see what your depreciation should have been for those two years (you'll need to know that in any case if you do file Form 3115).  At the end of the interview for this asset, you should get a screen telling you current year depreciation amount.   If you don't see that in your 2023 or 2024 returns, it may be an incorrect entry that didn't calculate depreciation for those years.  Possibly indicating that it was a 'vacation home' and not used entirely for business could cause that, so check Asset and Property Profile entries.   If you want to try amending your returns, you'd edit your Rental Asset correctly and depreciation will be calculated automatically and adjust your Schedule C or Schedule E amounts for you for Form 1040X.    Here's more info on Depreciation for a Rental Trailer and All About Real Estate & Vacation Rentals.     @siebertclan             

You have to pay for the TurboTax account if you want to view/print the complete tax return before filing.   If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   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.

Did you already print or file your return? If your in the Online version, you will have to open and start a brand new return for your daughter. If you have TurboTax desktop/CD software, you can do up to 5 tax returns.

Generally, a $40k project that installs a completely new system is considered a Capital Improvement, not a routine "expense" (repair). Repairs (deductible as expenses) fix things to their previous state (e.g., replacing a $500 pressure switch). A new well is a "Betterment" or "Restoration" of a major building system, which the IRS requires you to capitalize.   You typically cannot separate the "pump" from the "well" to call it a repair, if it’s part of a brand-new system installation. The entire $40k (labor, pipes, pump, and materials) is bundled together as one asset.   The good news is that the OBBB Act of 2025 restored 100% Bonus Depreciation for 2026. A well is usually classified as a 15-year Land Improvement. Because its "useful life" is 20 years or less, it qualifies for Bonus Depreciation.  TurboTax (Premier or Home & Business versions) will walk you through this. When you enter the well under "Assets/Depreciation," it will ask for the category. Select "Land Improvements" or "Water System." The software should then ask if you want to take the "Special Depreciation Allowance" (Bonus Depreciation).   Note: If you are in a "passive loss" situation (where your expenses exceed your rental income), TurboTax will help track how much of that $40k deduction you can use now vs. carry forward to future years.   The Used Ford F-150 Since you bought this truck for the sole purpose of managing the property, you can definitely deduct costs, but there are specific rules for vehicles.  Because a Ford F-150 typically has a Gross Vehicle Weight Rating (GVWR) over 6,000 lbs, it is considered a "heavy vehicle."    Under 2026 rules, even used vehicles qualify for 100% Bonus Depreciation or Section 179 expensing, provided they are used more than 50% for business. You could potentially write off the entire purchase price in year one.   Registration & Maintenance: Since it's 100% for the property, you can deduct the registration fees, insurance, gas, and repairs.    Documentation is Key: The IRS is strict about "Listed Property" (vehicles). Even if you say it's 100% business use, you must keep a mileage log or record showing that no personal trips (like grocery shopping) were taken in it. If you can't prove 100% use, you can only deduct the percentage of costs related to the rental work          

You are right! It makes sense now, yes I backdated both 2024 and 2025, so the $7000 of 2025 is not yet deposit, but is considered as basis, so i guess any residue less than 7000 on Dec 31 2025 is considered tax free.