All Posts

What did you answer for the at risk question?  If you are not showing a loss on Schedule C. Some expenses, such as home office or section 179 depreciation can only be used to reduce your schedule C taxable income to zero, and not to create a loss. Excess deductions for these carry over to the next year. And you have to answer yes to both questions about exclusive and regular use, not just one. The area of your home office must be used regularly and exclusively for business to deduct it.   See this answer by Expert MonikaK1 on 2/7/26 https://ttlc.intuit.com/community/after-you-file/discussion/can-i-go-back-and-correct-a-question-i-answered-incorrectly/01/3764037 If you have money NOT at risk of losing, you can not take a loss on schedule C. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business. People usually check the wrong box. If you need to find where to change the At Risk box on Schedule C line 32 here are my old notes. Hopefully they still work or will get you close. Go back to your Self-Employment Income. Click on Edit to review your business entries. Then scroll down to Uncommon Situations, click Edit and check or uncheck the box. If your investment is at risk, don't check the box. You may need to delete Form 6198 if you had the box checked and are now unchecking it. How to delete forms https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/view-delete-forms-turbotax-online/L7SZhwCHv_US_en_US?uid=lgn2u570 You can get back to the question about your business investment being at risk by going to the Schedule C and finding the Final Details > Special Situations section (if using TurboTax Home and Business) or the Uncommon Situations section (if using TurboTax Online). One user said…. Scroll to the bottom of the screen until you see the Uncommon Situations section, then click Start or Edit beside Carryovers, limitations, at risk information. Within those sections, there will be a check-box to indicate 'I have money invested in this business that I'm not at risk of losing; that is, certain cash, property, or borrowed amounts that are protected from loss.' Uncheck that box if your investment in your business is not at risk.  

The spinning wheel often starts because TurboTax is proactively trying to open its "Import" portal. You can bypass this by outsmarting the portal:   Go to the Federal > Wages & Income screen. Instead of clicking "Add" on the summary, scroll down to the Investments and Savings section. Click Start/Update next to "Interest on 1099-INT." The Key Step: When the screen asks "Let's import your tax info," do not click the bank icons. Look for the small button at the bottom that says "Enter a different way" or "Skip Import." Select "Interest" as your type and click Continue. This usually forces the manual entry screen to load, bypassing whatever script is causing the spinning wheel Now enter the remaining 1099 INT manually.

This is ready.   If you are using desktop software you may need to do a manual update. Try clearing your Cache and Cookies and then try this link instructions.   If you are using the online software, Clear Cache and Cookies. 

I would love to get an answer on this same problem. I've already been charged for the state e-filing of the return but I'm not allowed to e-file. Go figure.  I would imagine this is holding up my Federal return also since I haven't received any emails about it?

you may need to allocate sales proceeds to each separate asset and indicate a disposal date. Failure may result in the cost and accumulated depreciation not being taken into account when determining overall gain/loss.   example. You buy property for $1,000,000, allocating $800,000 to building and $200,000 to land. You sell for $1,500,000 and list the entire sales proceeds on the building. Let's also assume depreciation on the building was $100,000. Your gain is is $600.000, but because no sales proceeds were allocated to the land. TutboTax thinks you just sold only the building for $1.5M, resulting in am $800K gain  [$1,5M - ($800K - $100K) ] 

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.

I started over with a new return. There was a question very close to the beginning about Exempt income and what state(s) that I think I answered incorrectly on my first return and was never able to repair. But all set now.     If @SteamShip ever leaves the community I am done with TT!      Thanks SS !