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    AmyC, Thank you for taking time to review my TurboTax issue.  I’m providing here additional details that should clarify what I see as a code bug in TurboTax 2024 Home and Business edition.   I submit my 2024 tax return in February 2025, Turbo Tax calculated my refund to be $8013.  I receive a letter from the IRS stating that “We have found an error on your 2024 Form 1040-SR, which affects the following area of your return” Itemized Deductions Further, IRS stated that: “We changed the amount claimed as total gifts to charity on your Schedule A, Itemized Deductions, because it was figured incorrectly or the amount was not limited based on your adjusted gross income.”   Upon further review I found on TurboTax the following example:  If your adjusted gross income is $50,000, and you donated $20,000 in cash, and $15,000 worth of goods. You can deduct only $5,000 of the goods this year ($25,000 limit - $20,000 cash donation = $5,000). Next year, you can deduct the remaining $10,000 (depending, of course, on your AGI). See charitable contribution carryover deduction for more information about charitable carryovers. I determined that using this example and applying it to my return TurboTax did not limit my deduction correctly, TurboTax applied all of my 2024 cash donations, 2024 non-cash donation and my 2023 carryover deduction with applying the limit to the results on line 14 on Schedule A See calculation: I am also including the Charitable Contributions from the Tax Return Transcript - Schedule A I believe that TurboTax has a programing/calculation error that must be acknowledged and fixed.

Thank  you. After reviewing anther Q&As, I tried going to https://shopping.turbotax.intuit.com/unified/downloads/myaccounts?route=MYACCOUNTS&cgcview=billing and there I could update my credit card account, which was asking me to enter the security code. After doing this, if I go to TT desk top, things worked in an expected way.  TT needs to improve an error handling.  

TurboTax Home & Business for WIN and for Mac will prepare one Form 568 for a SMLLC Schedule C business for e-filing. The Form 3522 may need to be mailed.   If you have a Schedule C business, the California interview in the Mac version presents a question, "Is this business owned by a single member LLC?" If you answer "yes" to the question, TurboTax will lead you through the Form 568. You might try doing this in EasyStep mode rather than Forms mode.   The only new issue I've encountered with the Form 568 this year is that it sometimes didn't print the EIN at the top of the form. We have referred that issue for further investigation. However, all of the information including the EIN (it should have been entered on Schedule C) was in the form, so it still works for e-filing.    If you are having trouble making entries on your computer, try some troubleshooting steps:   You might try saving and exiting the return, exiting TurboTax and reopening the return.  See this help article for troubleshooting steps for Mac issues. If you confirmed that you have all of the minimum system requirements, you might also try clearing your cache and cookies.     If after trying all of the options mentioned you still have the same problem:   See this help article for instructions on how to contact TurboTax customer support depending on which product you are using.     

Thank you very much. I do understand that is what I need to enter, but the TurboTax interface is asking sale price, sale dates, etc instead of letting me enter cost basis and earnings. How do I switch off that “easy” mode?   thank you again.

You can elect to report your improvements as expenses if your gross receipts are less than $10,000,000 and your building has a unadjusted cost basis of less than $1,000,000. If so, you can expense the cost of your improvements up to 2% of the basis of your building or $10,000, whichever is less. You will see the option to take this election when you make an asset entry on the screen that says Let's see if you can claim these improvements as expenses: You enter the cost of the improvements as miscellaneous expenses. The tools would not be deductible unless they were purchased specifically to make the improvements.

I followed your steps and it turned out to be the same amount $13,088. However, what happened was that my tax liability increased ( my refund decreased). The dilemma here is that employer contribution has to be counted as business expense and should be decrease the tax burden instead of the opposite. Am I wrong?

Have you already filed, or is your return still in preparation?    The following info assumes you are still in the preparation stage and have not yet filed:   Are you able to return to the My Info section OK as @xmasbaby0 mentioned above to add a dependent?    Or does TurboTax think you were finished and has closed your interview?   If the latter, you have to open the unfiled return back up to make any edits.   To do that, at the Tax Home look for a link "Add a State."  That doesn't really add one, but opens the interview back up.     Again, don't use that method if you have already filed, and it's been accepted.  If you already filed, report back for more information.

Did you get a response as to how to handle the short-term and long term gains and losses from sales after doing an NUA?  Also, regarding the prior replies in this thread, is it still necessary to do a manual workaround so that the NUA gains are exempt from NIIT?  Thanks!

The cumulative total would be the prior year and current year as shown on the asset worksheet. It should autofill when you input the information. I added this information this year and it calculates prior depreciation.   You can review your entries in the asset section of your rental to ensure they are complete and change prior depreciation taken.  

You will have 3 lines entered for Box 12.  To enter multiple box 12 amounts, select +Add another box 12 item.   How do I fill out the box 12 information from my W-2?  Click that link to see an example.     The W-2 you got from your employer will have four lines for box 12—labeled 12a, 12b, 12c, and 12d.   Any amount on a box 12 line will also have an uppercase (capital) letter code associated with it.   In each box 12 line, select the capital letter code from the dropdown and enter the corresponding amount.    Important: Don't confuse the lowercase box 12 letter (for example, the a in box 12a) with the capital letters in the dropdown. So, if your box 12a has the letter code D in it, select D (not A) from the dropdown.   And if 12a is blank, leave it blank—don't select A.