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March 18, 2026
4:57 PM
It depends. If you have chosen to aggregate your rental properties you can find the and any questions you may want to change by using the steps below.
Click on Search (upper right) > type sc...
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It depends. If you have chosen to aggregate your rental properties you can find the and any questions you may want to change by using the steps below.
Click on Search (upper right) > type schedule e > Enter > click Jump to .... link > Edit next to your property.
TurboTax Online: Review the Property Info section
TurboTax Desktop continue here:
Answer the questions and on under Rent and Royalty Summary, click Edit
Generally, a rental property does not carry the time requirements to be considered as eligible for the qualified business income deduction (QBID).
Can I get QBID for rental property income?
Generally, this means each rental real estate enterprise (a rental property or group of similar rental properties, including K-1 rental income) must satisfy these three requirements:
Each enterprise maintains its own books and records to track income and expenses.
An enterprise that has existed less than four years performs at least 250 hours of rental services per year. For an enterprise in existence for four years or more, this test needs to be met for any three of the five consecutive taxable years ending with the taxable year.
(Starting with tax year 2019) Contemporaneous records of services performed are kept which includes who performed the service, description of service, the date of the service, and how long it took (who, what, when, and how long).
March 18, 2026
4:56 PM
If you cannot use the work-around previously provided, your only option is to print and file by mail. You'll need an exemption from the state to send a paper return. See California business entity e-...
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If you cannot use the work-around previously provided, your only option is to print and file by mail. You'll need an exemption from the state to send a paper return. See California business entity e-file waiver request.
March 18, 2026
4:56 PM
1 Cheer
If you need to re-enter the information about the education expenses and taxable scholarship you can delete the current education expense and then re-enter it. That will take you through all of the ...
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If you need to re-enter the information about the education expenses and taxable scholarship you can delete the current education expense and then re-enter it. That will take you through all of the questions a second time.
If you are using the desktop program, though, part of the benefit of that program is the functionality that allows you to change the number directly on the form. That is a bonus for the desktop program.
March 18, 2026
4:56 PM
I haven’t seen anyone else reporting this. But having a penalty when you have a refund is probably uncommon. I had a refund and penalty once. So it could be a bug in Turbo Tax. Can you post a sc...
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I haven’t seen anyone else reporting this. But having a penalty when you have a refund is probably uncommon. I had a refund and penalty once. So it could be a bug in Turbo Tax. Can you post a screen shot that includes 1040 lines 34 - 38? See IRS 1040 instructions page 65 for line 38. Middle of page…Figuring the penalty https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
March 18, 2026
4:56 PM
1 Cheer
There might be a complication due to substantial limitations or restrictions since there is a legal dispute holding up the funds.
According to the IRS (and specifically 26 CFR § 1.451-2), inco...
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There might be a complication due to substantial limitations or restrictions since there is a legal dispute holding up the funds.
According to the IRS (and specifically 26 CFR § 1.451-2), income is not constructively received if your control of its receipt is subject to limitations. If your husband, a Trustee, cannot legally withdraw the money because of the dispute, the trust has likely not "received" the income for tax purposes yet.
If there are legal barriers preventing the trust from accessing the funds, the proceeds and the gain or loss, may not be recognized for tax purposes until the dispute is resolved and the funds are made available to the trust. This is something you will need to look into further.
For the basis, even though the home has been in the family for many years, the trust will use a "stepped-up" basis, which means the starting basis for the Wisconsin home is its fair market value on the date of the parents' deaths in 2023. The damage due to hail might affect the basis. Increase your basis for any out of pocket costs the trust spent.
To calculate the gain or loss, you subtract the property's adjusted basis from the proceeds of the sale (gross sale proceeds, minus selling expenses, commissions and legal fees tied to the sale).
March 18, 2026
4:56 PM
David - Thank you for the reply. We are going to enter the amount in Box 1 on my wife's 1099-R into box 2a in turbotax. My wife retired at the end of 2024 so 2025 is her first year receiving her pens...
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David - Thank you for the reply. We are going to enter the amount in Box 1 on my wife's 1099-R into box 2a in turbotax. My wife retired at the end of 2024 so 2025 is her first year receiving her pensions. That's what this money is, strickly pension money. We called PBGC and they told us that's the way they always report it, which seems foolish because neither of her other pensions or my pension have blank amount in box 2a.
March 18, 2026
4:55 PM
2025 8812 line 13 enters a number from credit limit worksheet A - how can I see this worksheet? Someone posted that they could come up with the same calculation, I can't. I calculate the amount as...
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2025 8812 line 13 enters a number from credit limit worksheet A - how can I see this worksheet? Someone posted that they could come up with the same calculation, I can't. I calculate the amount as follows: tax rate from tax table times taxable income sb this Worksheet amount which gets posted to Line 16 form 1040 but it doesn't agree with what Turbo tax is showing.
March 18, 2026
4:54 PM
@DianeW777 again... THANK YOU SO MUCH for your help!!! i think i've got it. would you mind looking at the attached screenshot -- showing my work and where in TurboTax that info goes? if all...
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@DianeW777 again... THANK YOU SO MUCH for your help!!! i think i've got it. would you mind looking at the attached screenshot -- showing my work and where in TurboTax that info goes? if all that's correct, then... 1) is it ok or a problem that TT keeps re-selecting the "recapture" option on the "Any Other Property Sales?" screen? 2) you mentioned to make sure NOT to say this was part of a trade-in -- where would that option be that i need to steer clear of? 3) and finally, you also mentioned that the "business cost" should be the same as the "cost of property" showing in my tax return. where is this that i need to make sure of? thank you thank you thank you!!!
March 18, 2026
4:54 PM
Thank you for your response. Since it is a qualified plan and will not cover my contributions in 36 months I have to use the General Rule - Simplified Method. The IRS Publication 575 gives the work...
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Thank you for your response. Since it is a qualified plan and will not cover my contributions in 36 months I have to use the General Rule - Simplified Method. The IRS Publication 575 gives the worksheet and it is easy to calculate. The only problem is that Turbotax does not give me the option for New Jersey to use the simplified method, in my case dividing my contributions by 260. It only allows me to use the life expectancy factor. The only way I can think of doing it is to back into what the future value is by using the result. Is there a way Turbotax will do it correctly for the Simplified Method?
March 18, 2026
4:54 PM
I finished my individual joint tax return using TurboTax Online this morning and submitted it to the IRS via e-file. To make a long story short, the IRS rejected my return five times before I figure...
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I finished my individual joint tax return using TurboTax Online this morning and submitted it to the IRS via e-file. To make a long story short, the IRS rejected my return five times before I figured out how to get it accepted. I want to share what I learned from this experience to possibly enable others to avoid the consternation I went through on this. I used TurboTax for a number of years including 2024 and this is the first year that I've used TurboTax Online. For the IRS to accept a return, it needs to match the 2025 return to a matching 2024 return to verify the identity of whoever is filing the new return. If it can't find a match, it will reject the new return. It uses the 2024 Adjusted Gross Income (AGI) to match the identities of the people filing the 2025 return. Every time I filed the return it was rejected because it said it couldn't find a match for the AGI on the 2024 return. In fact, the AGI I used to find a match for the new return was exactly the same as the AGI on my 2024 return, so there was no reason that the new return should have been rejected, but the IRS uses a lot of other data including driver's license information to match the 2024 return to verify the identity of whoever is filing the new return. The first (4) times, I submitted the return and it was rejected, I tried tweaking all kinds of stuff in the identifying information on the new return, nothing worked, and the return was rejected each time. Finally, I found a solution that worked. Go to the irs.gov website and request an IP PIN for everyone included in the return. An IP PIN is used by the IRS in addition to other data to positively identify people. I added an IP PIN for both my wife and I to the return before I refiled it and it was accepted! I hope this might prevent others from having to go through the consternation I had to go through to figure this out!
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March 18, 2026
4:53 PM
1 Cheer
You will report the earnings on the excess contribution as other income, but not until next year. It will be reported on your 2026 1099-SA, and you will report it on your 2026 tax return.
March 18, 2026
4:53 PM
Thanks for responding. I don't remember TT saying "Based on your situation, the penalty has been waived" that's why I had to enter the C code in the form. To confirm since it's showing Override on th...
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Thanks for responding. I don't remember TT saying "Based on your situation, the penalty has been waived" that's why I had to enter the C code in the form. To confirm since it's showing Override on the form is okay?
March 18, 2026
4:53 PM
On my K-1, Box 20 Code Z statement, there is ordinary loss from the entity and Ordinary income listed under 2 businesses as passthrough. How do I report this on my tax return.
March 18, 2026
4:52 PM
Please clarify which type of Schedule K-1 you are entering (there are three) and what version of TurboTax you are using. Have you tried deleting the K-1 and starting over?
March 18, 2026
4:52 PM
You will only have one w2 entry for the two forms from the same employer. One shows Philly resident while the other shows non-resident for Philly.
For the PA state wages, this should only be the...
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You will only have one w2 entry for the two forms from the same employer. One shows Philly resident while the other shows non-resident for Philly.
For the PA state wages, this should only be the amount while actually working in the state. (Don't worry, the federal part is correct and the IRS and PA already have copies of your form. You need the program to correctly tax the income.)
The city will have two entries. One for resident and one for nonresident income.
March 18, 2026
4:51 PM
Go to Forms view and check for Form 5695 or Schedule 3. If it’s there, it’s usually being applied correctly. The Residential Energy Credit flows to Form 5695 and then Schedule 3, line 5, which reduce...
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Go to Forms view and check for Form 5695 or Schedule 3. If it’s there, it’s usually being applied correctly. The Residential Energy Credit flows to Form 5695 and then Schedule 3, line 5, which reduces your total tax.
How do I add or remove Form 5695?
March 18, 2026
4:51 PM
If you made estimated tax payments for your 2025 tax return year, then you can enter your payments using the information below.
Where do I enter my estimated tax payments?
March 18, 2026
4:51 PM
Will an acceptance or denial be returned or does it not result in a response?
March 18, 2026
4:50 PM
You will have to indicate in the Federal Taxes section when you enter the 1099-R information. You will see a screen "Where is your distribution from?"
General rule: You must use th...
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You will have to indicate in the Federal Taxes section when you enter the 1099-R information. You will see a screen "Where is your distribution from?"
General rule: You must use this method if you won't recover your contributions within 36 months from the date you receive your first payment from the plan, or your employer didn't contribute to the plan. Use this method to calculate a percentage of your annual benefits that is not taxable in New Jersey. Once you calculate the nontaxable percentage, it'll be used for all distributions from this plan in the future.
March 18, 2026
4:50 PM
List does not include estimated taxes paid under Deductions and Credits
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