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No.  There are no federal tax credits for it because it is a conventional hybrid and not a plug in electric vehicle.  However, you may be able to claim the new car loan interest deduction for it and depending on which state you live in, you may be able to claim an credit for the state.  Which state do you live in?   In order to claim the interest the following criteria must be met: The car was purchased not leased Final assembly occurred in the US It is NOT a business use, but was purchased for personal use It has a GVWR of less than 14,000lbs (car, truck, SUV, mini van or motorcycle) Loan was originated in 2025 and must be secured by a lien on the vehicle or the title Your income must be less than $100,000 if single or $200,000 if married filing jointly to receive the full deduction.   If your income is over $150,000 if single or $250,000 if Married filing jointly, you are not eligible Note:  The interest deduction is capped at $10,000.  This is an above the line deduction, not a credit meaning it will lower your AGI and taxable income.  It will not be an amount that is refunded to you, but it could result in a refund by lowering your taxable income.     You can enter your car loan interest by selecting the following: Deductions and credits Cars and Other things you own Start next to Car Loan Interest You will need to enter the VIN and information from the lender

Your online tax return information is saved as it is entered.  You can sign off and come back at any time and the tax data will be available on the tax return.   If you want to print the complete tax return before it is filed, then you must pay the TurboTax account fees first. To pay the TurboTax online account fees by credit card, without completing the 2025 return at this time, 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. On the next page, to pay by credit card, click Pay Now. Complete the credit card section and click on Confirm payment.   However, 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.

In TurboTax, reporting a 1099-S for a cell tower buyout is different from your previous 1099-MISC rental reporting. Because you are being paid over 5 years but received a 1099-S for the full amount, you generally have two choices in how to enter it.   Option 1: The Installment Sale (Recommended) This method allows you to pay taxes only on the money you actually received this year, rather than the full amount on the 1099-S. if you choose this method, you will need to report this in the same manner for five years, starting with this year.   Open your return and go to the Federal tab. Go to Wages & Income. Scroll down to the Less Common Income section (you may need to click "Show more"). Select Start or Revisit next to Installment Sales. Answer Yes to "Do you want to report an installment sale?" TurboTax will guide you through entering the information: Description: "Cell Tower Lease Buyout / Easement." Sales Price: The full amount shown on your 1099-S. Cost Basis: This is the portion of your land's original cost attributed to the tower area (e.g., if the tower takes up 1% of your acreage, use 1% of what you paid for the land). Payments Received: Enter only the amount you were actually paid during the tax year. Option 2: The "Investment" Sale (Lump Sum) If you prefer to pay all the taxes now (perhaps if you expect to be in a much higher tax bracket in the future), you can report it as a standard land sale.   Go to Wages & Income.  Find Investments and Savings and select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. Select Add Investments. When asked what type of investment, select Other (or "Land"). Enter the details from the 1099-S. Important: TurboTax will ask for your "Cost Basis." If you enter "0", you will be taxed on the entire amount. If you enter a basis (as explained in Option 1), you only pay tax on the profit.              

Log into your TurboTax Online account. Use the User name and Password that you created when yo set up the account. There will be multiple questions. We use these to determine what you will need in your return. These questions are not final.  If you need other sections, we can add them. You will then start to enter any tax information you have. The two largest categories under the Federal section are Wages & Income (This section includes your w-2) Deductions and Credits. You can select the section and start entering your information.

Yes. The holding period determines the way the tax may be calculated if any of your investment was held longer than one year.  You can choose a date that reflects the holding period. See the information below.   Holding Periods: Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax) Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

Any updates on this yet? Please, I too have already gone through the clearing cache and changing browswers routine. I have also attempted to correct by changing payment methods (and ultimately paid twoce). This did not correct the issue. Please include me on the update list.

Yes, enter it as though it was a stock. Options are still an investment sale for the tax return and the key is to have the correct results for  your tax return. In my test I did not have the same results when selecting 'Options'.    You can try clearing background debris if you like, first close your return.   Try clearing the cookies and cache.   It handles many issues that seem nonsensical on a regular basis with online activity. Watch to be sure you are selecting 'all time' as example.  Do not use selections like 'last hour' for those browsers that give  you options. How to clear your cache Once this is complete open your return and try again.   If you are using TurboTax Desktop, save your return, then at the top select Online, then Check for updates.   @edward_tunby 

@Mel04  Essayez ceci: Effectivement, il faut faire les manipulations suivantes: Ouvrir l'un après l'autre les formulaires suivants: - Annexe 3 - cliquer effacer le formulaire, cliquer fermer les formulaires inutilisés - Annexe L - cliquer effacer le formulaire, cliquer fermer les formulaires inutilisés. - TP-726 7 - cliquer effacer le formulaire, cliquer fermer les formulaires inutilisés. Enregistrer la déclaration. Fermer le logiciel Ouvrir le logiciel  Ouvrir la déclaration Cliquer sur ImpoNet et le cercle rouge barré est disparu donnant accès à la commande de transmission pour Revenu Québec. Et cela même si les formulaires sont à zéro et n'ont pas été utilisés dans la déclaration. Ils ne se ferment pas d'eux-mêmes!

As per the CRA: Your Canada training credit limit (CTCL) for the year is shown on your latest notice of assessment or reassessment. Every year, if you file an income tax and benefit return, the CRA will review the criteria and increase your CTCL by $250 if you qualify, up to a maximum of $5,000 in a lifetime. Who can claim—is where you can view the eligibility.    Thank you for choosing TurboTax.    

You may receive an IRS 1099-MISC reporting legal services paid in your behalf by your labor union.  Follow these steps.   Down the left side of the screen, click Federal. Down the left side of the screen, click Income. Click the down arrow to the right of Other Common Income. Click to the right of Form 1099-Misc. At the page Does one of these uncommon situations apply?, click on None of these apply. At the page Did the xxx involve work that’s like your main job?, click on No. At the page Did the xxx involve an intent to earn money?, click on No. The income will be reported on 1040 Schedule 1 Part 1 line 8z Other income.