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If there was no personal use of the property, you can report as the sale of investment property as follows:   You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose Other as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis. Choose Land (other investment purpose) as the type of investment sold. You will get capital loss treatment on form 8949.      

What country? There might be a tax treaty between the foreign country and the US that affects how the foreign pension is taxed by the US   if taxable  method one - list under line 8z on schedule 1 Federal>wages and income less common income>show more Miscellaneous Income, 1099-A, 1099-C>start Other reportable income>start Answer yes to the first screen Next will be a dialog box asking for the description of the income. Type in My Foreign Pension Income and report the amount.   meiod 2 create  1099-R -however, certain additional payer info is needed like 1) foreign address 2) payer id number try 36-1234567      

Ok. So I can get to my printable file. I will ignore the messaging, sign and mail. Now, I just want to save the final .Tax file My issue now is that when I go back into the return, it gives me an option that says ,~Open your return after you mailed or e-filed? OR 'I have not yet mailed or e-filed this amendment'  I selected the option 'I haven't mailed yet'. However, it still Zeroes out my state return like I'm making a new amendment. I just want to save the final .Tax file, so I can import into the 2023 Desktop product (where I need to make another amendment.) is that possible?

I did some AI research and found this: Query: My tax error was that I reported my estimated tax payments under "withholding not already entered under a W2 or 1099" instead of reporting them under "Federal estimated taxes for 2025 form 1040ES" and "State estimated taxes for 2025". AI Response In this specific case, you  do not necessarily need to file an amended return right away, although it is the "cleanest" way to fix the record.  While you reported the payments on the wrong line (withholding instead of estimated payments), the total amount of tax you claim to have already paid remains the same. The IRS frequently identifies and corrects this type of misclassification during the initial processing of your return.      IRS (.gov) +1   How the IRS Handles This Error Automatic Matching: The IRS matches what you report on your return against their internal records of your estimated tax payments. Automatic Correction: If they see your estimated payments in their system but see you claimed them as "withholding" on your return, they will often automatically move the amount to the correct line. Notice of Change: If they correct it for you, they will send a notice (usually a CP11 or CP12) explaining that they adjusted your return.      IRS (.gov) +3   When You MUST Amend   You should proceed with an amended return (Form 1040-X) only if:  Refund Delay: The IRS flags the return as a "mismatch" and stops processing it until you provide clarification. Incorrect Total: If the amount you entered as "withholding" does not exactly match the total of your estimated payments, resulting in an incorrect tax balance. State Requirements: State tax agencies are often less automated than the IRS; you may need to file a state amendment even if the IRS fixes the federal portion automatically.      IRS (.gov) +3

It is possible to have a refund and an underpayment penalty but the safe harbor would prevent the penalty. Letting the IRS calculate the penalty is the best option since the program was calculating one. There may have been a dollar in rounding that created the penalty. I suggest you leave feedback where it will be read and acted upon. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.  If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.

Thx. End of 2025 I was 66 Filing single Income less than threshold   I was using Tuebotax online, then downloaded to finish on desktop.  The amount was correct after switching.  Suddenly today the $2k was gone.  Nothing changed, my birthdate is correct, fi,ing is still Single and income did not increase,,it is still below the threshold.

You can enter out of pocket medical expenses.  If you are getting Social Security, your Medicare is deducted from your SS.   When you enter the SSA1099 for your Social Security, the amount paid for Medicare flows automatically to the medical expense section of the software, so do not enter it again.     MEDICAL EXPENSES The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.   To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses       2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)

See this for how to transfer tax files when using the online editions - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/transfer-last-year-return-turbotax-online/L279eUvY2_US_en_US

You access Form 5329 (Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts) for a pension age exception by answering specific questions in the retirement section.   Open or continue your return. Under Federal tab, Click on Wages & Income. Click on Show More next to Retirement Plans and Social Security, and then Click Revisit next to IRA, 401(k), 701(k) Information (1099-R). Proceed through the 1099-R screens until you reach "These Situations May Lower Your Tax Bill" or "Did you use your 1099-R o pay for any of these expenses?"   Look for "Separation from Service the year during or after age 55" (or age 50 for public safety employees). Enter the amount of the distribution that qualifies for the exception; the program will then automatically generate Form 5329 with Exception Code 01. Check Box 7 on your physical 1099-R.   If it has Code 2, the IRS already knows you have an exception; the program should handle it automatically and you might not even need Form 5329.   If it has Code 1, the IRS thinks it's an early distribution, and you must use Form 5329 to claim the age 55 exception to avoid the 10% penalty.

DianeW777: Thank you for your reply. Yes, I'd like to connect with you to see why my 2024 data also submitted using TT are not transferred to 2025 AND if the depreciation is correct. How do we connect?  Thanks.  Dchiang8 

Dans TurboImpôt en ligne, vous pouvez supprimer les montants dans la section Profil de l'étudiant. Si vous avez déjà été étudiante, que vous avez des frais scolaires inutilisés, et que vous avez importé vos informations de l'ARC, c'est possible que ces frais sopient appliqués à votre déclaration pour réduire votre impôt à payer à zéro.   Si non, supprimez les informations en vous rendant dans la section Étudiants       Sur le Profil de l'étudiant, assurez-vous qu'aucune cae n'est cochée.       Merci de choisir TurboImpôt