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I need to amend a tax return from 2021 and had to use TT 2021 to amend the return from that tax year.  I started up TT 2021 on my newer, Win 11 computer and when it tried to do the obligatory update, the update failed (with a 1603 error).  I even tried a manual update, but the super patch didn't work, either.  Also worth noting: when I started up TT 2023 on my Win 11 computer, it also failed updates with the same 1603 error (even though TT 2023 went through the update process just fine a week ago).   I went back to my old Win 10 computer (which I used, 3 years ago, to file my taxes for 2021) and TT 2021 went through the update process just fine.     It makes me wonder if TT doesn't have some new problem updating on Win 11?

We sold our primary home which was in a trust and used the proceeds to build a new home within the same trust. How do I report sale and interest income on monies on home sale proceeds while new home was being built?  

I have read many, many postings on this topic in the community. Several date back to 2023, there was one posted in April 2025 that doesn't apply to me. I am using Turbotax Premier for tax year 2024.   I have a K-1 with Part III box 16 checked, and a K-3, which indicates that Parts 1-4 and 9-10 apply. Early on when entering the K-3, TT asks "On your Schedule K-3, go to Part II Section 1 Line 24 go to lines A, B, and C and enter the foreign country for which you are reporting foreign taxes paid or accrued": my line 24 has an entry in line A titled "US". There is an amount in column (a - US Source), column (f - Sourced by partner), and column (g - Total). In the TT-provided dropdown, there is no "US". Many people have asked this question and the advise varies from ignoring the K-3 to manually entering it in forms mode (see the answer from @LindaS5247 that she kindly answered here). That answer was from 2023. In TT, I now see an entry in the dropdown called "(not applicable)". Should I use that for "US"? Ignore the K-3? Switch to forms mode and enter the K-3? Upgrade my TT from Premier? 

There's this company which is marketing itself as investment vehicle which can be used offset W2 income through depreciation generated by investing in a heavy equipment rentals. More details here: https://ezequipmentzone.com/   Basically 1. Setup a LLC to handle everything below 2. Invest 10% of the money upfront and take a 90% loan from the bank at say 7% (e.g. 30k investment and 270k loan) which is invested in heavy construction equipment 3. Get a write off 300k in first year through section 179 depreciation which passes through to you as the owner 4. Use the depreciation losses to offset any W2 income, then pay taxes on the rental income less the loan interest every year thereafter and make 12-14% returns on your investment 5. They will handle the equipment leases for you etc   The company says they will help you at each step along the way.   So my question is, is this kosher? Would passive activity rules come into play here? What am I missing? They claim it's totally legit.  

I was going through the partnership K-1 interview steps with a Turbotax live agent yesterday.  The agent advised me that the 199a amount (Box 20z) should only be entered one time, even though the interview asks for it multiple times: once in the “Enter Box 20 Info” screen, and again later in the “We need some information about your 199A income” screen.  Similarly, the Box 13 “other deductions” figure also appears in two additional places: the “We need some information about your 199A income” screen, and also the “Let’s check for some uncommon adjustments” screen that follows afterward.   The enrolled agent I spoke with said I should delete these duplicate entries.  She recommended I delete the Box 20z information from the “We need some information about your 199A income” screen, and then the Box 13 information from the “Let’s check for some uncommon adjustments” screen.  Is that correct advice, or does Turbotax need these numbers entered across multiple screens for its calculations?  Which ones should I delete, if any?  I’d never questioned this feature before, but it is strange.   (Turbotax Premier Desktop, Windows version)   Thanks for any help.