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You can deduct the cost of materials used for the rental unit. Your sweat equity has no value. You can deduct the drywall and paint and labor others did for the jobs.
Attempted multiple times to sign up for email notification when the 1099R section is available. TurboTax keeps incorrectly entering Form 3903, Moving Expenses, as the related form for notification. H... See more...
Attempted multiple times to sign up for email notification when the 1099R section is available. TurboTax keeps incorrectly entering Form 3903, Moving Expenses, as the related form for notification. How do I sign up for email notification that the 1099R section is available for input?
Technically you should report the research study activity separately as it appears to not be related to the speaking and writing activities. It should not matter overall though, as the net income fro... See more...
Technically you should report the research study activity separately as it appears to not be related to the speaking and writing activities. It should not matter overall though, as the net income from both activities will be combined to determine the income to be taxed, even if either one or both of them reports a loss.    
The sale of a personal residence is often not taxable, if you lived in the home 2 out 5 years and have less than $250,000 in capital gains per person. If you do not meet the rules or had more capital... See more...
The sale of a personal residence is often not taxable, if you lived in the home 2 out 5 years and have less than $250,000 in capital gains per person. If you do not meet the rules or had more capital gains, it should be showing the income on Sch D. There are exceptions for special circumstances as well such as military, health issues, etc that allow a proration. Form 8949 is active and working and carries to capital gains on sch D. I am glad you got through the rental. We are glad to help!
@sallydolan60  That doesn't sound like legitimate TurboTax Support.   TurboTax does not charge a fee to help callers like that.  Did you give them your credit card number or even worse, a debit card... See more...
@sallydolan60  That doesn't sound like legitimate TurboTax Support.   TurboTax does not charge a fee to help callers like that.  Did you give them your credit card number or even worse, a debit card number?    Here's a way to reach legitimate TurboTax Support so you can discuss it with them: https://ttlc.intuit.com/turbotax-support/en-us/contact/ When you talk to them, tell them about the suspicious phone or site and your security concerns.
You need to choose "Other (not classified)" as the category and type in "Overtime" in the description box. On a later screen you will see "Let's check for uncommon situations" where you need to check... See more...
You need to choose "Other (not classified)" as the category and type in "Overtime" in the description box. On a later screen you will see "Let's check for uncommon situations" where you need to check the "Overtime" box. You will then be asked to enter your overtime compensation and answer a few questions.
Also, then they asked to ‘share screens’ in other words, take over your computer.. this is not what I was willing to allow.. the last time I mistakenly allowed someone to take over my computer, they h... See more...
Also, then they asked to ‘share screens’ in other words, take over your computer.. this is not what I was willing to allow.. the last time I mistakenly allowed someone to take over my computer, they had tried to steal $40,000. Can Intuit be trusted? I have been a loyal customer for over 10 yrs, now frightened that someone else has my information.. please help !
If you need a copy of prior year w2, you can: ask your employer for a copy check your tax records (you should be keeping all w2s) use IRS, Get transcript to view your information return do... See more...
If you need a copy of prior year w2, you can: ask your employer for a copy check your tax records (you should be keeping all w2s) use IRS, Get transcript to view your information return documents  
Are you planning to claim the Child and Dependent Care Credit?  Keep in mind that this credit is only for money paid for child care for children under the age of 13.   The $4000 paid to your pare... See more...
Are you planning to claim the Child and Dependent Care Credit?  Keep in mind that this credit is only for money paid for child care for children under the age of 13.   The $4000 paid to your parents does count as their income and should be reported using the instructions provided by @DianeW777 above.   It's unclear as to the source of the $4000.  If you paid the $4000, then you could claim the Child and Dependent Care Credit on your taxes assuming you meet the requirements.   The IRS provides an interactive tool at the following website to determine your eligibility to claim the Child and Dependent Care Credit - IRS Child and Dependent Care Credit .
Thank you very much. The state income tax will not be impacted because box 3 is for interest on US Treasuries, so I think I only need to file Federal. I welcome any feedback and thank you again for t... See more...
Thank you very much. The state income tax will not be impacted because box 3 is for interest on US Treasuries, so I think I only need to file Federal. I welcome any feedback and thank you again for taking the time to answer my post.   Best!
If the income difference changes your federal tax liability by $25 or more, you will need to file an amended return with the IRS. If the difference causes any change is state tax, you will need to fi... See more...
If the income difference changes your federal tax liability by $25 or more, you will need to file an amended return with the IRS. If the difference causes any change is state tax, you will need to file an amended state return.   See How do I submit a claim under the TurboTax 100% Accurate Calculation Guarantee or 100% Accurate, Expert Approved Guarantee? Use the form to submit your claim. Answer the questions as best as you can and we’ll figure out which guarantee you’re covered by.   TurboTax won't pay taxes you already owe but you can file a claim for penalties and interest. Although, it is your responsibility to verify the numbers are correct before filing.
Your main home is where you live most of the time.  It doesn't have anything to do with which is newer or cost more.   It also doesn't really matter in this case unless there are more facts you h... See more...
Your main home is where you live most of the time.  It doesn't have anything to do with which is newer or cost more.   It also doesn't really matter in this case unless there are more facts you haven't told us.  You are allowed to deduct property taxes on all US property you own, whether it is your main home or a second home.  And you can deduct mortgage interest on your main home and one second home.  If you have three or more homes, you have to decide which two to deduct, but if you only owned two homes the interest on both is deductible and it probably doesn't make a difference which you designate as your main home. 
Thanks, Amy.  Just before hearing from you, I kept trying things.  I actually discovered an expense of a dollar for 2025 (an item prorated on the closing statement).  So, that was legitimate (and sim... See more...
Thanks, Amy.  Just before hearing from you, I kept trying things.  I actually discovered an expense of a dollar for 2025 (an item prorated on the closing statement).  So, that was legitimate (and similar to your suggestion), but I still had to manually input the information on Schedule E.   Now I'm wondering about the sale of my personal residence.  I've entered all the information, but the taxable amount is not showing up on the Turbo Tax summary page at the start of each session.    Thanks. Carol  
Thank you for the information, issue fix and way to keep our tax prep on track!
Supposedly 1/21/2026.   But always subject to change in either direction.