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If you have met all the rules and still not seeing the reduction: limited losses -up to the amount at risk. If the property is significantly depreciated, your loss might be limited. passive vs nonpassive. Passive losses offset passive gain. check form 461 -excess business loss limit about $300k/ $600k MFJ check your form 8582 to see if your rentals are showing passive check 6198

Thank you. We e-filed on February 19th, the federal was approved that day but nothing has happened since. I have had to wait in the past, but this seems to be at a standstill. Really hard to talk to someone on the phone, I'm at a loss of what to do? I would think if there was an error I would be notified.

Did you amend 2024  after you had started 2025?   You can only transfer 2024 into 2025 at the beginning.   So you would need to start 2025 over to transfer from the amended 2024 return.   Otherwise you need to manually enter any changes from the amended return.   Enter a Capital Loss Carryover under Federal Taxes or Personal (Home & Business) Wages and Income Then scroll down to Investment Income Capital Loss Carryovers - Click the Start or Update button You enter the full amount that carried over, not just the 3,000

Yes, since the 1042-S income is not included in Box 5 Scholarships on your 1098-T, you are reporting correctly by entering the 1098-T (which will add taxable scholarship income), and entering the 1042-S income/tax treaty offset in Miscellaneous Income.   @Climate_aug 

In the email that you should have received is an activation link, some accounts aren’t fully activated until that link is used.  It could be that your account never activated.  You can request a new activation email from IDNotify support.  To contact IDNotify Customer Support directly so they can verify the account and reset access:   US phone: 1-877-343-6569 (IDNotify by Experian)

My Fees for early return and Turbo Tax were taken from my FEDERAL RETURN.  The State of CA released my refund to Cross River bank on 4/14/26 and I DON'T OWE anymore fees.  Who is this Cross River bank and why are they sitting on MY MONEY? (yes, I'm mad - but not at you all.)

None of which can happen because I can't even complete the process with them continually redirecting me to a "site unavailable" method. I'm not going to spend endless days struggling to just find a simple answer so a phone call will have to do.

There's a problem with this mechanism.  when entering the data associated with the foreign rental tax, you are asked to pick a category. The only category fitting rental income is "passive" category. Unfortunately, someone in their infinite wisdom decided that foreign financial assets belong in the same category, AND therefore they also decided in their infinite wisdom to pull in completely unrelated domestic investment interest expenses from Schedule A as "definitely related".   Generally, the 1116 worksheet is challenging, i get that. It pulls all income and expenses in the entire TR to figure out the ratio of US tax to foreign tax, to figure out how to limit the foreign tax credit. However, the domestic investment interest expense is pulled in as "definitely related" at 100% impact, without giving you an opportunity to object. You are notified that this is happening, and if you have an issue you can go back to "deductions", but there's really nothing you can do in the "deductions".   In addition, during smartcheck i got asked to fill in a basis for the non-existent financial asset for this item. some people say to enter 0 or 1 as the basis but that makes no sense. I shouldn't have to enter any basis whats o ever for non-existent items...   I tried to remove the domestic investment interest expense manually from the 1116 worksheet itself in "forms mode", but the software doesn't allow me to erase the number. It also doesn't allow me to change the ratio of its impact from 100% to whatever % was calculated for non-related expenses. Perhaps the workaround is to do the entire 1116 worksheet in forms mode, although the code might try to still force the investment interest expense into the form when i get back to step-by-step mode.    Appreciate any thoughts about a workaround until this is fixed.  

Unfortunately, while the advanced premium tax credit is based on your situation at the time it is received, the actual credit is reconciled based on the full-year tax situation.  Marriage is one of many things that can adversely impact the credit calculation as the tax return treats you as married for the entire year for all purposes, including calculation of the credit.   Congratulations and best wishes on your marriage!   

You owe when you did not pay enough during the year and many things can trigger it from changing jobs to kids growing up. See  Why is my refund lower than last year?(0:59)   Why did my refund go down compared to last year's?  Why Do I Owe on My Tax Return? Top 5 Reasons to Adjust Your W-4 Withholding Can I make a hardship withdrawal from my 401(k)? How does selling stock affect my taxes?

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   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.    

This is a public web site that can be seen by anyone—including scammers and would-be identity thieves who would love to contact you and pretend to be from TurboTax.  Please remove the personal information you posted here ASAP by returning to your post and clicking the three little blue dots on the upper right to edit your post.   What you  apparently did not understand is that the tax software only passes your payment information on to the IRS and state----TurboTax does not extract the payments for your tax due.   It is up to the IRS and your state to pull out those payments.    Since you e-filed on time, your payments are on time even if it takes the IRS and state a week or two to pull out the payments from your account.