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It depends. For the house, capital improvements the regular and AMT depreciation will be the same since straight line depreciation is used. 3-E0-1 | Add the current and prior depreciation , per your sheet = $64,222 7-EO-1 = $997 8-EO-1 = $858 Continue for each asset adding the total prior depreciation plus the current amount from your 2024 tax return For every asset that is 27.5 year recovery the AMT depreciation will be the same as regular depreciation.

Hi, that doesn’t work for me because I don’t want to file jointly with my spouse. We live in separate states and file separately; I support my children in my household and file as head of household. This should not prevent me from claiming my HSA Contributions. Can you help me figure out how to do that while still filing as head of household?

I am trying this same thing, and that workflow does not seem to work. Whether I upload the 1099-DIV and allow the app to extract the information, or enter it manually, both enter up in the same state -- the box 1 amount shows as $0 (which is correct), but the box 9 (liquidation distribution) amount does not appear to contribute to overall income at all.   The wizard claims "We'll handle your cash liquidation distributions from XXX later", and "Just remember to go to the Investment Income section under Wages & Income" ... but a) it never prompts me to add cost basis information to them, b) I cannot find any relevant section under that section that lets me advance things at all, other than editing the form again.   To be clear - the literal data entry step is fine, its what I assume is the next step (figure out how much if any this distribution contributes to income) that I cannot figure out.

@samzandt I apologize for not looking at the date this was originally posted before replying. I hope this is helpful for the user who posted the follow-up question. [Edited 03/14/26 | 10:10am PST]   @TaxStudent200 If the question is asking you for foreign income sourced at the partner level (you) specifically, then look at the intersection of column F and the countries listed in A, B, and C on Line 24, and use the CA amounts (I'm assuming CA in this context is Canada). The foreign country amounts sourced to you are the amount to use, not any U.S. values that are listed. Please see my graphic below, and an explanation for this part of Schedule K-3 from the partner instructions.   Line 54 Column (f) does not have rows for A, B, or C countries. You should enter the amount listed at the intersection of Line 54 and Column (f). Because these are the deductions sourced to you, you should generally be able to determine which deductions on lines 25 - 53, are foreign or U.S. source by looking at the labels in the Description column.   Column (f). Sourced by partner.  You must determine the source and separate category of the income reported in this column. The income in this column will generally be with respect to sale of personal property other than inventory, depreciable property, and certain intangible property and will generally be sourced under section 865. This column might also include foreign currency gain on a section 988 transaction. If you’re a U.S. citizen or resident, sales and gains reported in this column will generally be U.S. source income and not reported on Form 1116 or 1118 unless you elect to re-source such income under an applicable income tax treaty. There are certain exceptions, for example, a U.S. citizen or resident with a tax home [...] in another country is treated as a nonresident [...] 

I manually corrected the check box entries, saved the file.  Also reviewed the corrected form to make sure the corrected entries were still there.  They were.  I resent the return and it was accepted.   Hope this helps.

All of that information is irrelevant....   2024,I got a large bonus at work. made it tax exempt. File taxes in 2025.whoops, didn't pay enough income tax for the year because of the exempt bonus and I owe the IRS 2500 bucks. I set up an automatic payment plan with them and was making payments. No big deal.    I just filed taxes this year for 2025. What I'm saying is turbotax UI said I still have a balance of 2300. BUT it didn't say that my refund was ONLY 1261 and that the IRS was going to keep it,to offset that 2300 balance. It didn't say you'll get the refund but SHOULD pay it, you won't get a refund,your refund was 1261 automatically applied and your new balance is 1063 etc etc etc.   I understand why I owe everything now, I was confused because TurboTax didn't even hint that the IRS would keep my 1261 and automatically apply it to my previous income tax balance.  One year I even OWED 130 bucks for income tax and TurboTax CLEARLY stated that. I appreciate your replies thus far, but the issue is turbotax UI didn't communicate that my refund won't be available to me, and the IRS was going to keep it and automatically apply it to the previous balance. 

Did you purchase the CD from TurboTax?  If so, you should be able to download the software from your account.   Sign onto your TurboTax account - https://myturbotax.intuit.com/   Click on Intuit Account at the lower left of the online program screen Click on Products & billing Click on TurboTax See if the 2023 TurboTax desktop product is listed.  If it is, click on Licenses and downloads.     Otherwise -   To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2023 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/   A 2023 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.

The $750 deduction is TurboTax telling you that based on the information you gave me, you're allowed to take a $750 tax deduction for a contribution.   A deductible amount is usually not a penalty, so if you can provide a screenshot of where you are seeing this, I can give you more information.

Is the amount sent/issued by the IRS the same as the refund amount shown on your federal tax return Form 1040 Line 35a? - https://www.irs.gov/refunds If not, then go to this IRS website for information on reduced refunds - https://www.irs.gov/taxtopics/tc203 Are you also receiving a state tax refund? If so, the state refund is sent directly to you based on how you chose to receive the state tax refund. Use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=m7ulm2n7   If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the $40 service charge deducted. The third party processor will deduct the TurboTax fees plus the $40 service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return. For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website - https://www.sbtpg.com/ Tax Products Group Contact Information - https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information Call 1-877-908-7228 Or email - TPG-CSsupport@greendotcorp.com

@beamituofo , are you saying that your reportable  Specified Foreign Asset is a  bank account that you own --- line 1, 2, 3 are all filled out,  line 5 as 1, line 6 US$xxxxxx, line  lines 7, 8, 9 are blank.   Only other possible entry now is  Part V, line  20 --(a) checked , 21 -- XXXXXXXXXX,  And now because you cannot check anything in line 22 --- Turbo is complaining ?    You have filled out lines 23, 24, 25 through  28 -- yes ?     And still Turbo complains ?   Please tell me more --- so I can simulate your case and see why Turbo is unhappy ---please    Is there more I can do for you ?    

Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2025 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   If your dependent was a full-time college student, make sure you were careful on the MY INFO screen for “Uncommon situations” and that you indicated there that they were a student.   Have you entered income from working in 2025?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2200 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you canget—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2025, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents     And for the Earned Income Credit—-   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09   https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant   https://www.irs.gov/pub/irs-pdf/p596.pdf   Look at your 2025 Form 1040 to see the child-related credits you received   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28

@DianeW777    Sorry, while this workaround will work in terms of getting it into TT and resulting in the correct calculation, picking a random date is not what's specified in the 8949 instructions. It clearly states you should put "VARIOUS" in place of a date:   "If you sold a block of stock or digital assets (or similar property) that you acquired through several different purchases, you may report the sale on one row and enter “VARIOUS” in column (b). However, you must still report the short-term gain (or loss) on the sale on Part I and the long-term gain (or loss) on Part II."   Plus: The online version allows you to do this and works fine (see screenshot below) The desktop version also allows you to do this for non-digital assets like stocks and mutual funds. So it seems the Desktop version should be enhanced to support this properly, at least to bring it in line with the online version.    Screenshot of the online entry form:  

Ready to mail means it has not be e-filed and it is waiting for you to print and mail the tax return.   See this TurboTax support FAQ for how to change from mail to e-file - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/change-mail-e-file-turbotax-online/L0zDlGPhq_US_en_US

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.