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While still waiting and waiting for the depreciation/amortization section to be updated, I've been reviewing all the posts on disposition of the assets remaining on my Form 4562.  In addition to the building/land, I also have some assets that are full depreciated including a 2010 stove, 2012 refrigerator, 2013 dishwasher, 2013 HVAC system, and a few flooring replacements (newest asset was 2017)  etc.  All were included in the sales price of the home.       If I am understanding the many posts correctly, since I sold the rental property at a gain, I need to assign a "sold" price to each of the assets.  Clearly, there is no way to determine a fair market value of any of these assets, so may I assign each the value of $1.00 correct?  If so, I then take that combined total amount and deduct it from the total sales price of the building?    Thanks.      

Hello, I just got notice that my previous employer overpaid me in 2023, so I will need to repay them the amount (it's pretty big and is definitely more than $3,000). I'm new to all of these as my tax returns have been pretty straightforward. I first thought that I would need to do a tax amendment for 2023 and upload a revised W2 (with less taxable income).   Now I'm learning about the claim of right to repayment (In 2025, you repaid more than $3,000 of income included in a prior year under a claim of right, you may be able to take a credit for the repayment on your 2025 tax return. Although now it's 2026...). Should I just do the claim of right to repayment instead of completing an amendment form? Thank you very much.    

@M-MTax  >>TPM 2.0; it's added security. Ha Ha. Only for Microsoft... to make it difficult to get rid of the "Trojan Horse i.e. Windows 11", on a pre-installed computer.  There are 101 other ways of providing security to end-users which Linux does correctly.

The income you earned in Italy is taxable on your US tax return, the same as if it had been earned in the United States. If you had worked a year or longer you may have qualified to exclude some of that income from taxation. Please clarify if you need help entering the income on your tax return if it wasn't included in the income reported on your W-2 form.

The question about At-Risk limitations (Schedule C Line 32) appears under Uncommon Situations at the bottom of the list of business expenses and income - but only if your business is showing a loss. If that applies to your business, click the pencil icon (edit) to the right of Uncommon Situations, then click Continue to bring up the At-Risk question. You can change your answer on this page.   According to the IRS Instructions for Schedule C: "You don’t need to complete line 32 if line 7 is more than the total of lines 28 and 30." In other words, Line 32 is blank if your business reports a profit for the year.

Column B of Form 1095-A asks you to enter the second lowest cost Silver plan (SLCSP) premium amounts. To find the second lowest cost Silver plan premium amounts for you, use this tool at Healthcare.gov, which recently added the values for 2025. The software won't accept zeroes in Column B.   Form 1095-A Column C represents the monthly Advanced Premium Tax Credit (APTC) payments, which must be entered exactly as shown to reconcile your insurance subsidies. If Box C is blank or $0, enter 0 or leave it blank in TurboTax, as this means no subsidy was received.    For more information on Form 1095-A, please see this TurboTax tips article and this help article. @italian.dude3 

Thank you, it does seem like a bug. Deleting and restarting was my last resort, but I greatly appreciate knowing that it will likely work if I take that approach. Thanks so much for your quick and excellent response.