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Yes, that is what is explained by our tax expert @DaveF1006. The expenses could be added to the cost basis of the property, as though they occurred in 2026. This applies to the Real Estate Professional and not simply an active participant in a residential rental property as indicated earlier in this thread.   @nerobins 

  Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns quickly and some are very slow.   STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  

@chrispiper86 The IRS can seize a tax refund for - Past-due child support; Federal agency nontax debts; State income tax obligations; or Certain unemployment compensation debts owed to a state (generally, these are debts for (1) compensation paid due to fraud, or (2) contributions owing to a state fund that weren't paid). This does NOT include current tax year taxes owed to the state since the IRS has no way to know the current year state taxes owed.   Go to this IRS website for refund offsets - https://www.irs.gov/refunds/reduced-refund

Yes, depreciation can be entered using TurboTax Premier desktop program.   First, go to the Schedule C Business Income and Expenses or Schedule E Rental Income and Expenses section, depending on whether your asset is being used in a business or a rental property.   Then, under the expense categories, look for Assets and Depreciation to enter the details about the asset used in your business or rental property.

I am having the same problem. (Using Desktop Version) Daughter is 17YO at year end.  Answers to all questions are correct.    I deleted the child and 8812, started over and same issue.  Still says I don't qualify for Other Dependent Tax Credit.  

No, you will not lose the tax files.  They are stored in a different directory from the TurboTax software. TurboTax tax data files and saved PDF's are stored, by default, in the TurboTax folder within the Documents directory.