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March 2, 2026
4:56 PM
Thank you David. One more follow-up question Last year, when i was looking for a buyer, I did not rent it. Should it still be shown as a rental property?
March 2, 2026
4:54 PM
I ended up retyping everything in the state rows and found a typo that once fixed let me continue.
March 2, 2026
4:54 PM
1 Cheer
If you use the Desktop program you can switch to forms and the Info Wks part II has a selection to select 1040SR or not. You can not change it in the Online versions. In the Online version i...
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If you use the Desktop program you can switch to forms and the Info Wks part II has a selection to select 1040SR or not. You can not change it in the Online versions. In the Online version if you want to use the regular 1040 form, you can print out the 1040SR and copy the amounts onto a blank 1040 and then mail your return.
March 2, 2026
4:54 PM
@dmertz Thanks! Ever since the issue with the IRS training deficiency, I've added the explanation statement to my taxes to try to prevent the issue from happening again. I will also, of course, keep ...
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@dmertz Thanks! Ever since the issue with the IRS training deficiency, I've added the explanation statement to my taxes to try to prevent the issue from happening again. I will also, of course, keep all of my documents and statements from the charities regarding my QCD. Thanks again.
March 2, 2026
4:53 PM
If you received a lump-sum payment reported on RRB-1099 it would be in Box 3 (Gross Social Security Equivalent Benefit Portion of Tier 1). It includes back pay for previous years. The specific year(...
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If you received a lump-sum payment reported on RRB-1099 it would be in Box 3 (Gross Social Security Equivalent Benefit Portion of Tier 1). It includes back pay for previous years. The specific year(s) and amount(s) of the lump sum payment are listed in the description area of the form. This information will allow you to calculate the tax due based on when the payment was earned, instead of when you received it.
Key Information for RRB-1099 Lump Sum Payments:
Box 3: Contains the total gross benefit, including the lump sum for prior years.
Description Section: Specifies which portion of Box 3 belongs to previous years (e.g., "THE YEAR SHOWN ABOVE" or "PRIOR TO THE YEAR SHOWN ABOVE").
Box 4: Shows any repayments made to the RRB during the year.
Box 5: Represents the net benefits (Box 3 minus Box 4).
How to Handle: You may use the IRS Lump-Sum Election method to refigure tax, potentially reducing the taxable amount for the current year.
To report a lump-sum Railroad Retirement payment in TurboTax, you must first determine if your form is a blue RRB-1099 or a green RRB-1099-R.
RRB-1099 (Social Security Equivalent): Reported in the Social Security section. You can use the "lump-sum election" to potentially lower your tax by applying it to prior years.
RRB-1099-R (Annuity/Pension): Reported in the Pensions and Annuities section. This is typically treated as a standard distribution
Steps for RRB-1099 (Blue Form)
Go to Federal > Wages & Income > Retirement Plans and Social Security.
Select Start/Revisit next to Social Security (SSA-1099, RRB-1099).
On the screen "Tell us about the benefits you received," check the box for Railroad Retirement benefits (Form RRB-1099).
Enter the full amount from Box 5 (Net Social Security Equivalent Benefit) exactly as it appears.
Trigger the Lump-Sum Election:
TurboTax will ask: "Did you receive any lump-sum payments for [prior year] or earlier?".
Select Yes.
Enter Prior Year Data:
Break down the payment by the years it covers (found in the description of Box 3).
For each year, you must provide your filing status and Adjusted Gross Income (AGI) from that year's tax return.
Steps for RRB-1099-R (Green Form)
Go to Federal > Wages & Income > Retirement Plans and Social Security.
Select Start/Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
When asked who gave you the 1099-R, select U.S. Railroad Retirement Board (RRB-1099-R).
Enter your specific box amounts (e.g., Box 3 for employee contributions or Box 4 for gross distributions).
Note: If your lump-sum payment is for multiple years, be sure to have your tax return for those years handy.
March 2, 2026
4:52 PM
Did anyone successfully figure out the issue and e-file? I am having the same issue?
March 2, 2026
4:51 PM
I have been having issues with form 5965 not properly calculating the credits. I paid for a biomass stove install last year and should receive a $2000 credit for it. It seems that Part II Section B q...
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I have been having issues with form 5965 not properly calculating the credits. I paid for a biomass stove install last year and should receive a $2000 credit for it. It seems that Part II Section B questions are answered correctly, but lines 21 a and b have no answer selected. Line 29e and g read the proper amount but then line 29h and 30 is calculated as "0" no matter what I enter
March 2, 2026
4:51 PM
I am unable to complete my estimated tax statement until this is finished.
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March 2, 2026
4:51 PM
The link doesn’t work unfortunately.
March 2, 2026
4:50 PM
1 Cheer
Answer 'Yes,' you did take a depreciation deduction. Based on your notes you seem to understand the calculation. Part of the standard mileage rate (SMR) is depreciation and you can see the rates for ...
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Answer 'Yes,' you did take a depreciation deduction. Based on your notes you seem to understand the calculation. Part of the standard mileage rate (SMR) is depreciation and you can see the rates for each year below. It appears you have answered everything else correctly. Business portion is calculated by taking all business miles divided by total miles the vehicle has been driven.
Answer 'Yes' to Do all of the following apply...?
Enter your sales information and make an entry for depreciation
Description of the Property (Vehicle made/model/year)
Sales Price/Sales Expenses
Date acquired and date sold
Cost
Depreciation
Annual Depreciation Component of the SMR Breakdown (for more years see the chart in IRS Pub 463)
2025: $.33
2024: $.30
2023: $.28
2022: $.26
2021: $.26
2020: $0.27
2019: $0.26
2017–2018: $0.25
2015–2016: $0.24
2014: $0.22
2012–2013: $0.23
2011: $0.22
@Aussie
March 2, 2026
4:48 PM
I care because I like the 1040 font size and can read it just fine; It's easier to compare with previous year returns. 1040ST chews up a lot of paper when I print it to review. Finally, I want the ...
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I care because I like the 1040 font size and can read it just fine; It's easier to compare with previous year returns. 1040ST chews up a lot of paper when I print it to review. Finally, I want the ability to decide for myself (freedom of choice).
March 2, 2026
4:48 PM
In order to use the maximum, your earned income must be at least that amount. @user17724878578
March 2, 2026
4:47 PM
@user17722317277 wrote: "Insulation materials or air sealing system Help dialog says that QMID number is required. The so-called "help" is wrong. Insulation and air sealing does...
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@user17722317277 wrote: "Insulation materials or air sealing system Help dialog says that QMID number is required. The so-called "help" is wrong. Insulation and air sealing does NOT need a QMID number.
March 2, 2026
4:46 PM
2 Cheers
Received a Letter of Adjustment from Michigan Department of Treasury. They zeroed out my 2025 form 4884 retirement and pension benefits subtraction. The letter provided no reason for the adjustment...
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Received a Letter of Adjustment from Michigan Department of Treasury. They zeroed out my 2025 form 4884 retirement and pension benefits subtraction. The letter provided no reason for the adjustment, just the adjustment to zero and the following collator adjustments due to that change, zeroing out our refund and ending with a balance due. I have completely reviewed my 2025 Michigan Income Tax Return and found no errors. Curious if anyone knows the reason for this adjustment or if this is happening to many people from Michigan.
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March 2, 2026
4:46 PM
In summary mode it's a negative adjustment and it doesn't transfer automatically to Schedule B for whatever reason, at the bottom of the Capital Gain (Loss) Adjustments Worksheet (on desktop - not su...
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In summary mode it's a negative adjustment and it doesn't transfer automatically to Schedule B for whatever reason, at the bottom of the Capital Gain (Loss) Adjustments Worksheet (on desktop - not sure equivalent if you are using online) there is a field you can input to flip the adjustment to Schedule B. I've always found summary level adjustments messy, and triggers need to mail IRS. I would enter as One By One if able. Box 1f is entered as a positive number but reflects as a negative adjustment to gain/loss on Form 8949. Again as per previous post I am not seeing the double counting and never had an issue with that, see screenshots above - pls describe how yours are different or if you can attach an example (without personal info) that would be helpful to see.
March 2, 2026
4:45 PM
Thank you!
March 2, 2026
4:44 PM
I've got a conversation stated at least at Facebook. I think it's a human! https://www.facebook.com/turbotax/mentions Like or add to it.
March 2, 2026
4:44 PM
1 Cheer
I've got a conversation stated at least at Facebook. I think it's a human! https://www.facebook.com/turbotax/mentions Like or add to it.
March 2, 2026
4:43 PM
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