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Form 5695 was recently updated and is available to file now, in TurboTax Online and desktop. After you update your software, you can re-transmit your return. To update: First, begin logging out of the TurboTax platform you're using, Online or Desktop. If you are using TurboTax Online Clear your browser's settings. (Clear your Cache and Cookies) Here are the official instructions for the most popular browsers: Google Chrome Mozilla Firefox Microsoft Edge  If you are using TurboTax Desktop Restart the software to automatically trigger the installation of updates. If you a software update dialogue box does not appear, manually update (< instructions).

Are you sure you bought a code for Online and not the Desktop program?  Where did you buy it?   How to use the Online License Code.  It is for federal only. State is additional. https://ttlc.intuit.com/turbotax-support/en-us/help-article/register-activate-services/como-empiezo-...   How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991

Why would it be entered as an asset at all, if it is then backed out an an immediate expense?   As a side note, despite what most people say, it is NOT an automatic $2500 for the De Minimis.  The business has to have accounting procedures to deduct a "specified dollar amount" and treat items under that as an expense.  For example, if the business set $1500 as their "specified dollar amount" for expensing, then the De Minimis Election would not cover items over $1500.

A Form 1040-X is required in your situation.  The new Form 1040 is a corrected form but it must be the Form 1040-X that is filed for any changes to an original return. Sometimes the new 1040 would go with it, but the IRS requires only the documents that are changed are required to be filed with the 1040-X.    It does 'supersede' the original if you want to use that term, however an amended return (Form 1040-X) is required and is the superseded tax return, after the original return has been accepted or mailed.   This answer is for federal returns and state returns often have a checkbox versus an actual amended form. Each state has their own rules.   Do not change your tax return until you read all the instructions. TurboTax needs to know the original numbers and the corrected numbers to provide the correct end results before you prepare it.   If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Amend a tax return for the current tax year Tax Form Availability   @user17728015544 

FWIW these prompts and screens you describe do not exist on the Turbotax Desktop version (neither on the Deluxe or the Premiere).   On Premiere, if you click "extra help" you see this exact set of instructions/steps (supposedly for the Desktop version!)  - but you can't follow them. The screens/items described do not exist. There is no "Rental Property Info" with a pencil icon next to it (step 4). There is no "General info", no "Situations" (step 5).   I paid additional for Premiere this year to help with a similar situation and am stymied by the lack of guidance even though Turbotax upsold me by promising extra help with rental real estate sale.   Very disappointed.

Yes. The new Form 1040 is a corrected form but it must be the Form 1040-X that is filed for any changes to an original return. Sometimes the new 1040 would go with it, but the IRS requires only the documents that are changed are required to be filed with the 1040-X.    It does 'supersede' the original if you want to use that term, however an amended return (Form 1040-X) is required and is the superseded tax return, after the original return has been accepted or mailed.   This answer is for federal returns and state returns often have a checkbox versus an actual amended form. Each state has their own rules.   @user17728015544  [Edited: 03/07/2026 | 2:40 PM PST]