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Thanks!  Yes, I recaptured the depreciation when I was first entering the data (as additions to and then subtractions from the basis) and the tile was all fully depreciated at least 15 years ago.  Ma... See more...
Thanks!  Yes, I recaptured the depreciation when I was first entering the data (as additions to and then subtractions from the basis) and the tile was all fully depreciated at least 15 years ago.  Maybe I should've just reported the sale property as raw land and just entered the adjusted numbers, but TT seemed to indicate I need to describe it as a certain Section (1231, 1250, etc), so I figured I better include all that information.   What seems to have messed me up was in the Federal Review section, when TT was asking me for specific line entries that were never even covered in the Interview portion (this is a real and persistent problem with TT -- the Review really needs to include links taking you back into the interview so you have some context about what random blank line it's asking about).  Suddenly my tax was changing from an $8k refund to a $110k amount due -- as if it weren't even an installment sale anymore.  I have no idea how to troubleshoot that, so figured I should just re-enter the data fresh.
I've largely gotten my questions and concerns addressed elsewhere, as your knee-jerk responses have been consistently prosy, critical of folks asking honest questions, and largely unhelpful. Try hard... See more...
I've largely gotten my questions and concerns addressed elsewhere, as your knee-jerk responses have been consistently prosy, critical of folks asking honest questions, and largely unhelpful. Try harder. 
I am not sure why you are asking this (I don't think the IRS asks for it), but the URL for the Teacher's Retirement Systems of Louisiana is https://www.trsl.org/   Perhaps you meant something else.
If you want to know should you sue, ask an attorney.   If you received a financial settlement, then any part of the settlement that is for lost wages or lost income is taxable as if it was normal... See more...
If you want to know should you sue, ask an attorney.   If you received a financial settlement, then any part of the settlement that is for lost wages or lost income is taxable as if it was normal income.  Any part of the settlement that is for a physical injury, or for pain and suffering due to a physical injury, is not taxable.  
So sorry for your issue with TT.  It sure is frustrating when you lose your tax returns after completion.  With so many people having this issue, I do not know how TT cannot admit guilt.  I wonder ho... See more...
So sorry for your issue with TT.  It sure is frustrating when you lose your tax returns after completion.  With so many people having this issue, I do not know how TT cannot admit guilt.  I wonder how many other people have lost their tax returns and not reported that on the community website.  I can see lots of their customers not purchasing TT again next year.   S. Kimel
Possible options:  Enter your Total Cumulative Capital Gains + Qualified Dividends into the "Qualified Dividends" box and enter $0 in the "Capital Gain" box,  Low risk, as the IRS only s... See more...
Possible options:  Enter your Total Cumulative Capital Gains + Qualified Dividends into the "Qualified Dividends" box and enter $0 in the "Capital Gain" box,  Low risk, as the IRS only sees the final tax number on Line 14, not the sub-breakdown of that specific calculation. Switch to desktop and override the values. You can pickup where you left off.
Follow these steps to enter the Home Energy Credit for your Heat Pump:   Go to Deductions and credits summary on the left side menu. Click Edit for Home Energy Credits on the list of Your t... See more...
Follow these steps to enter the Home Energy Credit for your Heat Pump:   Go to Deductions and credits summary on the left side menu. Click Edit for Home Energy Credits on the list of Your tax breaks On the Energy efficient home improvements screen, answer Yes, we made these energy efficient improvements or have a carryforward, then Continue On Energy-efficient improvements for your home, you would answer Yes, our home is in the U.S.  If the answer is No, then no credit is available to you.  Click Continue. Once you get to Did you have any of these residential energy property costs in 2025? where Heat pump is listed as an option, select Yes, we made these residential energy property improvements. On the Tell us more about the residential energy property, the 1st question about the property being installed with a home in the US and the 3rd question about Was the qualified energy property originally placed in service by you? need to be answered Yes. You will need the QMID code of the manufacturer of the heat pump.  You will enter that code in the left box and the cost of the heat pump in the right box.  Click Continue This should allow you go get the energy credit.  The credit is limited to your tax liability, so if you have no tax liability, then you will not get any credit.  Keep all documentation that you were given about the heat pump that show that it is qualified for the tax credit as proof that you are eligible for claiming the credit.
As you've deduced, Cost of Goods Sold (COGS) is related only to inventory.   Other expenses will count as expenses for your business, but COGS is your beginning inventory plus purchases and minus ... See more...
As you've deduced, Cost of Goods Sold (COGS) is related only to inventory.   Other expenses will count as expenses for your business, but COGS is your beginning inventory plus purchases and minus ending inventory.   Your general business expenses and your inventory expense (COGS) are calculated separately.  Just take care not to enter the same amounts in both places. Only the costs directly associated with the goods that you sell are factored into the COGS numbers.  If you manufacture the goods this can include raw material and factory labor. If you purchase for resale then the purchases are your primary expenditure that is calculated here. 
If your dependent was a full-time college student, make sure you were careful on the MY INFO screen for “Uncommon situations” and that you indicated there that they were a student.
Please clarify. In what way does this incident affect your tax return? Did you receive a legal settlement and you need to know if it is taxable? If so:   Whether the amount of the legal settlemen... See more...
Please clarify. In what way does this incident affect your tax return? Did you receive a legal settlement and you need to know if it is taxable? If so:   Whether the amount of the legal settlement needs to be reported as taxable income depends on what it represents. If you received punitive damages, this would be taxable income, and often a Form 1099-MISC would be issued.    Property settlements for losses in the value of a property that are less than the adjusted basis of your property are not taxable and generally do not need to be reported on your tax return. However, you must reduce your basis in the property by the amount of the settlement. If the property settlement exceeds your adjusted basis in the property, the excess is income.    So, if the settlement reimbursed you for the amount you overpaid for something, that could be considered nontaxable and you would adjust your basis in what you purchased. If the settlement included an additional amount for punitive damages, that amount would be taxable.   If any of the amount represented back wages, that would be taxable and should have been reported on Form W-2.   See this help article for instructions for entering a taxable legal settlement in TurboTax.  See IRS Publication 4345 for more information.  
EDIT yourself in the My Info/Personal Info section.  You may have inadvertently indicated that 'someone else can claim me as a dependent' in this section.    @kdoceanside 
@Bwana_Jones wrote: Judgmental much? Grow up. Go away. You don't belong here.   You have no questions or concerns and solely want to bitch about "evil Intuit". You're also apparently lazy a... See more...
@Bwana_Jones wrote: Judgmental much? Grow up. Go away. You don't belong here.   You have no questions or concerns and solely want to bitch about "evil Intuit". You're also apparently lazy and stupid.
"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... See more...
"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  
Yes, TurboTax often uses screen shares to resolve issues.  However, to report a suspicious screen share or potential scam, contact TurboTax immediately at 1-800-4-INTUIT (1-800-446-8848) to report it... See more...
Yes, TurboTax often uses screen shares to resolve issues.  However, to report a suspicious screen share or potential scam, contact TurboTax immediately at 1-800-4-INTUIT (1-800-446-8848) to report it to their specialized security team. You should also email details of the incident to spoof@intuit.com, and report any phishing attempts or scams to the IRS at phishing@irs.gov.    You should change your TurboTax Account Password.   @growingwings1212 
You may need to use zero.  Look over the FAQ below and see if anything applies; there are a few situations where you may need to use a different amount.      How do I find last year's AGI?
To access a deceased spouse's TurboTax account, contact TurboTax Support (1-800-446-8848) to initiate their formal, secure account recovery process, which usually requires providing a death certifica... See more...
To access a deceased spouse's TurboTax account, contact TurboTax Support (1-800-446-8848) to initiate their formal, secure account recovery process, which usually requires providing a death certificate and proof of your status as personal representative or spouse. You may need your deceased wife's User ID.   If you don't have that information, then you may want to start your own return from scratch. You definitely want to be listed first on the tax return, and if she died in 2025, you may also want to file jointly.  TurboTax Online We are sorry for your loss.