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Yes, you can sometimes deduct a short‑film investment on your personal tax return, but only if the investment meets specific IRS rules. Most casual or informal film investments do NOT qualify for a personal write‑off. The tax treatment depends on how you invested, what type of entity the film project used, and which section of the tax code applies.   When an investment can be written off.   You invested through a business or partnership (LLC, S‑Corp, or partnership) If the film project was structured as a partnership or LLC, you may receive a Schedule K‑1. In that case:  Your investment is treated as a business investment, not a personal hobby. Losses may be deductible on Schedule E (passive activity losses). The deduction depends on: Whether the project generated income Whether you materially participated. Passive‑loss limitations The project qualifies under Section 181 of the IRS code. Section 181 allows investors to deduct qualifying film/TV production costs in the year of investment, instead of waiting for amortization. To qualify:   The film must be a U.S. production  Production costs must generally be under $15M (or $20M in certain areas) The production company must elect Section 181 You must receive documentation showing your share of deductible costs If the project elected Section 181, you may be able to deduct your investment on your return as a federal production deduction. This is typically reported through a K‑1 or a statement from the production company. You generally cannot deduct the investment if:   You simply gave money to a friend’s film project without formal investment paperwork You did not receive a K‑1 or other tax reporting documents The project was not structured as a business entity You were promised “profit participation” but not actual ownership It was a donation, contribution, or informal agreement    

You may not be able to save tax files due to permission errors, read-only folders, or security software blocking access. To fix this, try saving to your desktop, running the application as an administrator, ensuring you have the latest updates, or disabling Controlled Folder Access in Windows.    Use "Save As": Select File > Save As and choose your Desktop as the location to bypass folder permission issues. Run as Administrator: Right-click the TurboTax icon and select "Run as Administrator". Check Windows Defender: Go to Windows Security > Virus & Threat Protection > Manage Settings > Controlled Folder Access and turn it off, or allow TurboTax through the firewall. Check File Properties: Right-click the folder where you are saving, select Properties, and uncheck "Read-only". Update Software: Run all available updates under the Online link at the top.   @user17732582275 

If you are using the desktop version of TurboTax, you can do this by using the What-If worksheet.  This can be found in forms mode.  After going to forms mode, select Open Forms>>Type in What If>>click on the worksheet and then enter your information.  

They are not going to remove all the prior year answers that are not current now.   That would be almost all the posts in the forum.  That post above is 2 years old from 2024.  It's hard enough keeping the FAQs updated and some of them are still out of date or wrong.   

If NUA shares are rolled over to another qualified retirement account such as an IRA, they no longer qualify as NUA shares.  To qualify as NUA shares, they must be deposited into a nonqualified account such as a taxable brokerage account.  A deposit into a nonqualified account (a taxable brokerage account) is not a rollover.   If your Form 1099-R includes both NUA shares that were not rolled over and other funds that were rolled over, you must split the form into two to accommodate TurboTax, one for the NUA shares and another for the portion that was rolled over.

Use settings or control panel to uninstall Business.  Then sign in to TurboTax an reinstall it in a different folder.  There is no charge for extra copies. In the future don't buy and download both at the same time.  

Try closing TurboTax, clearing your cache and deleting your cookies. Review the TurboTax Help article How to clear your cache and How do I delete cookies? for specific instructions for your browser. Also, reboot your computer.

Anyone? I'm asking because IF TurboTax is using last year's estimates, they are all wrong. I have only a VERY Small job with a W-2, and ONLY had Social Security for one month. So using old numbers to estimate (either using the old W-2, or using only one month of SSA) will be very, very wrong!

I suggest checking the date on the fourth quarter estimated payment to make sure it is a 2025 date if that is when you paid it. The default date for Q4 payments is January 2026, but if you change the date to 2025, the state estimated tax payment should carry to Schedule A (Itemized Deductions).   If you are in TurboTax Desktop, you can go into Forms Mode and check the Tax Payments Worksheet.   I tested using a December 2025 payment date for the fourth quarter estimated state tax payment in TurboTax Online and TurboTax Desktop, and in both cases the fourth quarter payment amount was included on Schedule A.   If you are still having issues after taking theses steps, let us know.

If you used TurboTax Online last year, the program may be filling in either your AGI or PIN from last year for you.  This is asked for in the FILE section, just before filing, for Identity Verification.    You may want to clear your Cache and Cookies and step through the FILE section again.   @user17732840614       

TurboTax can not import the PDF file format of your consolidated 1099 form. You have to wait until the CVS format is available. You can open and download the PDF format, but the CVS format may be delayed.