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February 21, 2026
7:01 AM
I re-reviewed as suggested. Didn't make any changes but it somehow passed after ignoring the box3 entry a couple of times. Thank you very much for taking the time to respond! REastman
February 21, 2026
7:01 AM
Accounts cannot be deleted. You can simply abandon the account if you will not be using it. If you used it for any past year returns, keep a record of how to access it since returns are saved for...
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Accounts cannot be deleted. You can simply abandon the account if you will not be using it. If you used it for any past year returns, keep a record of how to access it since returns are saved for seven years.
February 21, 2026
7:00 AM
When you sell a rental property, the tax treatment is a little more complex than just paying a flat capital gains rate.
Because this was a rental property, you likely claimed (or were required ...
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When you sell a rental property, the tax treatment is a little more complex than just paying a flat capital gains rate.
Because this was a rental property, you likely claimed (or were required to claim) depreciation over the 23 years you owned it. When you sell, the IRS requires you to "recapture" that depreciation. Depreciation recapture is taxed at a maximum rate of 25%, not the lower long-term capital gains rate.
So your gain is typically split in two parts:
Depreciation recapture - taxed up to 25%
Remaining gain - taxed at long-term capital gains rates (0,15, 20% depending on your income)
TurboTax includes both parts of your total income to determine your tax bracket, but that doesn't mean all of it's taxed as ordinary income.
February 21, 2026
7:00 AM
1 Cheer
I figured it out. It was my TIAA retirement fund from 2 jobs so yes, it is qualified.
February 21, 2026
6:58 AM
My Colorado State return has now advanced to the "Refund Reviewed" next stage. Tip: Click on the pic below for an easier to read view. So, here's a summary of the timeline for Colorado to...
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My Colorado State return has now advanced to the "Refund Reviewed" next stage. Tip: Click on the pic below for an easier to read view. So, here's a summary of the timeline for Colorado to process my tax return, so far: My return showed "Accepted" in TurboTax on February 5, 2026. This is when Colorado state placed it in their "Return Not Received or Not Yet Processed" BLACK HOLE queue. My return advanced to the "Return Received & Being Processed" stage on February 19, 2026. The timeline to this point shows it took Colorado 14 days to start processing my return. My return advanced to the "Refund Reviewed" stage today, February 21, 2026. I will add 2 more days to the timeline, which is now at 16 days. It looks like Colorado State is starting to pick up their pace a little for processing tax returns, based on my experience and the experience of other posts in this discussion thread. Hopefully this will help everyone to somewhat set your own expectations for the processing of your tax return with the State. Hang in their everyone! There is light at the end of the tunnel!
February 21, 2026
6:57 AM
You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow ...
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You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow you to take it back.
If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.” The changes will go nowhere.
Now you have to wait until the IRS either rejects or accepts your return. If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.
Sometimes—not always— the IRS corrects your mistakes, while they are processing your return.
If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund. THEN you can prepare an amended tax return and e-file or mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally. You will need to use a form called a 1040X.
Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself. Sit tight and wait until you see what the IRS does with the return you just e-filed
The Form 1040X is scheduled to be available on February 26. The date is subject to change, so check on 2-26 to see if it is ready. Before that, do not change anything at all on your return.
February 21, 2026
6:57 AM
Topics:
February 21, 2026
6:56 AM
I am sorry I wasn't clear. I did not receive a 1099-sa because I did not have any distributions. TT was still requesting a code for the box 3 of the form after filling out HSA info. I re-reviewed my ...
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I am sorry I wasn't clear. I did not receive a 1099-sa because I did not have any distributions. TT was still requesting a code for the box 3 of the form after filling out HSA info. I re-reviewed my steps after initially leaving a blank response for box 3 and TT didn't flag it again. Can't really explain why it didn't re-flag it but it cleared this time!?! Thank you for taking the time to respond!
February 21, 2026
6:56 AM
Topics:
February 21, 2026
6:56 AM
Topics:
February 21, 2026
6:53 AM
Since that is a major restoration, you can add that asset directly in the "Rental Property" Asset section. You will need to edit the asset, go through the interview and answer "Yes, I made improveme...
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Since that is a major restoration, you can add that asset directly in the "Rental Property" Asset section. You will need to edit the asset, go through the interview and answer "Yes, I made improvements" on the screen Did you make any improvements to a building you used for this business in 2025? Then, continue through the interview to properly report the re-pipe.
February 21, 2026
6:51 AM
1 Cheer
Thanks and appreciate the screenshots. I'm 100% certain this is a bug from Turbotax side. When I was working on it yesterday, the "Tell us about this asset" page only has "Looks good" button, when yo...
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Thanks and appreciate the screenshots. I'm 100% certain this is a bug from Turbotax side. When I was working on it yesterday, the "Tell us about this asset" page only has "Looks good" button, when you click it you basically go back to the previous screen. Today I was about to file my tax but came back to this page just to be sure, and the "Looks good" button is somehow magically replaced with "Continue" and now I can move along and enter the selling date. For anybody who's struggling with this.... maybe try clearing your browser cache, restart, or wait for some time and re-do it. Very bad, and potentially problematic user experience.
February 21, 2026
6:51 AM
"5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the IRS refund site. If it does not meet that "at least one day soone...
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"5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the IRS refund site. If it does not meet that "at least one day sooner" date, they are supposed to refund the $35 fee.
You have to pay attention to the date on the IRS refund site.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
February 21, 2026
6:49 AM
I do still have some previous years Foreign Taxes Paid for both 2023 & 2024 the TT missed. Congrats go out to Intuit for the new 2025 Tax Program Premiere version - they finally carry over the CURREN...
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I do still have some previous years Foreign Taxes Paid for both 2023 & 2024 the TT missed. Congrats go out to Intuit for the new 2025 Tax Program Premiere version - they finally carry over the CURRENT Foreign Taxes PAID Credit from my brokerage 1099 statement to my Schedule A when you itemize but they still FAILED to provide the 10 years back simple 1116 Form spreadsheet to enter any past year's TT failed to pick up. I found it once and entered the amounts for both 2023 & 2024 but then the TT SW ignored ALL completely and did not pick it up anywhere. Is there supposed to be a Form 1116B for this fix? I hope someone from TT/Intuit is monitoring this feed.
February 21, 2026
6:48 AM
Moms is correct. For Mac, I also quit the application, restarted and was then able to import the 2024 file. Thanks Mom! LOL
February 21, 2026
6:48 AM
The tax return for your father would be created in TurboTax just as you would prepare any other return. In the My Info section, there will be a box to check that the taxpayer passed away before fili...
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The tax return for your father would be created in TurboTax just as you would prepare any other return. In the My Info section, there will be a box to check that the taxpayer passed away before filing the return. This will allow you to enter the date of death. After this is entered, TurboTax will guide you through any other special considerations.
All income received for the year up to the date of death will be reported on his final tax return. Any income received after the date of death will be reported on his estate tax return.
To learn more, take a look at the following TurboTax help articles:
What forms will I need when filing a tax return for someone who's deceased?
Death in the Family
My condolences for your loss.
February 21, 2026
6:45 AM
@Hans L wrote:
no it is not available
The Schedule 1-A has been available for months.
If you are using the TurboTax desktop editions, click on Online at the top of the desktop program sc...
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@Hans L wrote:
no it is not available
The Schedule 1-A has been available for months.
If you are using the TurboTax desktop editions, click on Online at the top of the desktop program screen. Then click on Check for Updates.
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
.
February 21, 2026
6:44 AM
@francesheinig You shouldn't have to delete them (I "think").. I believe what is happening is that you have to edit each one...not particularly to change anything...but in one of the stream...
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@francesheinig You shouldn't have to delete them (I "think").. I believe what is happening is that you have to edit each one...not particularly to change anything...but in one of the stream of questions about each one....the Charity address may need to be entered. I think (not sure) that the charity address is required only when the grand total Item donation $$ for all the Charities combined, reaches some limit (again...I think $500)
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