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Hello @DianeW777 ,      Thank you for providing detailed explanation for my question.    I have additional questions regarding asset depreciation. I hope you or other community members can help me on the topics.      1. Depreciation not calculated, Expense shown as zero for single family house.        After I enter $64,222 for total depreciation claimed in prior years and total AMT depreciation claimed in prior years. The Expense show as zero. I live in Texas. Do this have something to do with my state?    2. How to calculate total depreciation claimed in previous years and total AMT depreciation claimed in previous years for an asset with a 5 year depreciation life      under Machinery and Equipment section    10. E-01 Furnace: acquired date 2/01/2024,          CUR 179/ SDA: $2,934          Current DEPR: $391.00          Method: 200DB HY | Life: 5   Should I enter $391 or $3,325 ($2,934 + $391) for total depreciation from prior years? Should I enter same result for Total AMT depreciation claimed in previous years?     3. My accountant left out the following assets on digital copy of 2024 tax return (Federal Deprecation Summary Schedule page and 2024 Federal Alternative Minimum Tax Depreciation Schedule) E-01 windows  (date acquired: 5/13/2024, method: S/L, life: 27.5) E01 furnace (date acquired: 2/01/2024, CUR179/SDA: $2,934, Current DEPR: $391) E-01dryer (date acquired: 8/29/2024, life 5, CUR179/SDA: $595, Current DEPR: $79) on digital copy of the tax return the dryer’s life listed as 27.5. I think the 5-year depreciation life is correct. I would like to know which column on 2024 Federal AMT depreciation schedule corresponding to CUR179/SDA and Current DEPR  section data (e.g. $2,394 should go under AMT Prior DEPR or AMT DEPR section 2024 Federal Summary DEPR-paper 2024 AMT DEPR-digital copy)?

@Turbo808tax  I'm no expert on these forms, but I've printed my return to pdf in all forms mode. I do have the Qualified Dividends and Capital Gain Tax Worksheet.   It is several forms after my Schedule B and then 1099-R's.   Are you saying you do not have it?   I'm on desktop TTax Deluxe.

Merci pour ces informations et j'espère que ça va fonctionner, ça fait une semaine que j'essaie de transmettre et j'ai déjà reçu mon remboursement fédéral et j'ai réussi à transmettre au Québec pour mon conjoint. Il me reste à régler de mon côté

But that's just to adjust the estimated tax payments to a number I choose.  I'm looking or help in deciding on that number to avoid penalties and interest.  I understand that if you under-withhold in the first quarter, even if you owe nothing by the time you make the 4th quarter payment (or file, if before the end of January), that you can STILL be assessed penalties and interest?   My husband had a large bonus paid the other day (he gets a bonus every March and it hasn't required estimated payments), but he also got RSUs paid for the first time a couple of weeks ago.  While the company did withhold, I'm not sure what percentage from the RSUs, they withheld less than our marginal rate from the bonus.  Those two things coupled with a planned Roth conversion later in the year (may wait until the last quarter, though if the stock market drops a lot it may be any time) make me nervous that we may not be withholding enough, especially in the first quarter and if we make the Roth conversion(s) all in one quarter (hopefully not this month, but if there's a 20% drop in the market we should probably take advantage of it).  So how can you do a trial run of form 2210 now based on the first quarter income, and make sure to pay enough?  I tried the IRS's online calculator and it just said after I entered income to date that we were withholding too much and would get a $25,000 or something refund.   Four times our first quarter income would put us in the 35% bracket, but when I project how much our income for the next 3 quarters will be (including a Roth conversion), we're only going to be in the 24% bracket.  So do we make an estimated payment based on what our tax would be in the 35% bracket (income more than $100,000 over what I know it's going to be), divided by 4, minus what has been withheld to date?  Then make no more payments?  If we do the Roth conversion in April do we do the same thing, take half of the tax that would be due on that inflated income, subtract what we've already paid from being withheld January-March, plus the April 15 estimated payment, minus what will be withheld April-June, and make up the difference in the June 15 payment?  Then adjust our withholding for the rest of the year so that what ends up being withheld, plus the 2 estimated payments, is within $1000 of our real tax bill (or even slightly more so that we get a refund), just to avoid a penalty for underwithholding the first half of the year?

Just did a little research and yes TT is reporting the taxable amount on the wrong line.  At least for New Jersey.  It should be line 16a, not 20. From the 2025 instructions for 16a:   Line 16a – Taxable Interest Income Enter all of your taxable interest from sources both inside and outside New Jersey. Common sources of taxable interest: Banks; Savings and loan associations; Credit unions; Savings accounts; Checking accounts; Bonds and notes; Certificate of deposit; Life insurance dividends; Earnings on nonqualified distributions from qualified tuition program accounts including NJBEST (New Jersey Better Educational Savings Trust program) accounts; Earnings on nonqualified distributions from qualified state 529A ABLE (Achieving a Better Life Experience) accounts; Distributions from Coverdell education savings accounts (ESAs), but only the earnings portion; Ginnie Maes, Fannie Maes, Freddie Macs; Repurchase agreements; Obligations of states and their political subdivisions, other than New Jersey; Grantor trusts; Any other interest not specifically exempt.

The sample form 8880 you provided looks exactly like the one I filled out. I don’t know why the TurboTax software didn’t ask me whether or not my IRA distribution was converted to a Roth IRA, but I just follow the prompts. Maybe a a glitch with the on-line version? That’s the one I’m using. Maybe TurboTax software designers could look at that. Thanks again for your time. 

It depends. Who you can claim as your dependent is determined by their age, income and other eligibility requirements. If your son meets all these requirements, you may claim him as a qualifying child dependent. A qualifying child can earn an unlimited amount of money and be claimed as a dependent as long as they don’t provide more than half of their own support.   Refer to the TurboTax article: Rules for Claiming Dependents on Taxes.   To determine if your son is your qualifying child, the following questions must be true:   He must be related to you.  He can’t be claimed as a dependent by someone else.  He  must be a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.  If he's married, he can’t file a joint return with his spouse.  He must be under the age of 19 (or 24 for full-time students).  No age limit for permanently and totally disabled children.  He must have lived with you for more than half the year (exceptions apply).  He didn't provide more than half of his own support for the year.  Refer to the TurboTax article What does "financially support another person" mean? To determine if your son provided more than half of his support and Who can I claim as my dependent? for more information.   If you are eligible to claim your son as a dependent, make sure that when he completes his taxes, that he enters that he can be claimed as a dependent on someone else’s tax return. ‌ Refer to the TurboTax article: How do I indicate that I can be claimed as a dependent on someone else's return?  

If you are claiming credits involving them (ex: tuition transfer, Canada child benefit, medical expenses, etc..), you will need to enter their tax info to ensure you get the proper amount of credit.      

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.

If you're trying to check the status of your refund: “The IRS guideline is that refunds are issued within 21 days”, provided they are: Electronically filed  With Direct Deposit,  And provided there are no other issues. Things that can delay a refund: To check your tax refund status in TurboTax,  Sign in to your account and  Go to the "Tax Home" or "Order Details" screen  It'll tell you if your return was accepted. If you want to know the status of your tax return,  you should use the  IRS Where's My Refund website.  You'll need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your return

Enter the amount from box 1 of the Form 1099-R into box 16 for State Distribution.  This will clear the error and allow you to e-file the tax return. The state distribution amount does NOT flow to the state tax return.