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From 2012 through 2024, my tax returns were prepared by a tax professional who consistently and correctly applied a 40-year depreciation period in my federal filings. This year, I am preparing my return using TurboTax and encountered an issue where the software automatically assigns a 27.5-year depreciation period and does not allow me to modify it. The 27.5-year period applies only to U.S. residential rental properties and is not appropriate in my case.

To report Social Security benefits that aren't taxable in TurboTax Online, enter the total amount from box 5 of your SSA-1099 form. You do not need to find or enter anything for line 6b specifically. Here is what to do: 1. Go to the Wages & Income section. 2. Find and start the Social Security benefits section. 3. Enter the amount from box 5, which is your net benefits received. TurboTax automatically calculates how much is taxable, including when none is taxable. Putting 0 in box 5 would be incorrect if you actually received benefits. Instead, enter your box 5 amount as shown.

La forma 4852, se usa para sustituir una Forma W2 o una 1099-R.  Antes de completar una forma 4852 necesitas haber tratado de obtener la forma de la compañía que te debio mandar la forma, de todos modos necesitarás contactarlos porque necesitas tener el nombre, direccion, el EIN (número de identificación de la compañía), el código de distribución, la cantidad que recibiste y el impuesto que fue retenido.     La otra cosa a considerar es que si ya enviaste tu declaración y estas agregando esto después, tendrás que enmendar tu declaracion y esperar a que tu declaración sea procesada por el IRS y por el estado.  Cuando estés listo para hacer tu enmienda sigue los pasos a continuación:    Entra a tu cuenta de TurboTax A lado derecho bajo Preguntas Frecuentes Selecciona Como enmiendo mi declaración? Y Enmendar mi Declaración usando TurboTax Online Para agregar la 1099 sigue los pasos normales de ingresar la forma y en la pregunta de situaciones poco comunes, escoge que no recibiste tu forma, para que TurboTax complete la forma 4852.    Algo más que debes recordar es que tendrás que enviar tu declaración por correo.     ¿Dónde ingreso mi Formulario 1099-R? ¿Cómo enmiendo mi declaración de impuestos federales de este año?

TurboTax recommends itemizing deductions when the total of your deductible expenses entered is higher than the standard deduction for your filing status. It automatically compares both options to find the best tax benefit. Even if none of the typical reasons to itemize apply, small deductible expenses like state and local taxes, mortgage interest, or charitable donations might add up to exceed the standard deduction. You can review your entered expenses in the Deductions & Credits section. If you believe itemizing is not beneficial, you can manually switch to the standard deduction in TurboTax Online by going to the Deductions section and selecting Change my deduction.

I already entered Sales Section Total values in the Box A-E and figured the wash sales info would be requested in that part of TT interview.  They were not.  How can I get to the box and mark "I need to adjust my total cost basis" and enter Wash Sales?  I strongly prefer to not start at the beginning of this section yet again. I'm a 10+ yr veteran of TT and, after a few years of continuous improvements, this TY 2025 process flow for entries is less efficient and user-friendly for non-tax pros than previous TYs.   TIA for help.

Hello!   I have a similar situation to user[phone number removed].    I have been struggling with Turbo Tax online for tax year 2025 on how to enter my corrective distribution without the evidence of it in a tax form (that is, a 1099-SA). I've been through the 1095-SA sections multiple times.   In my case the overfunding was against the family contribution limit in 2025, which I corrected with a distribution from my HSA to my checking account a week or so ago. My spouse and I didn't overfund our individual accounts. My HSA provider informed me that my 2026 1095-SA will include this distribution when generated in 2027. Does Turbo Tax automatically count this overfunded amount as taxable income? Also, do I wait until I do my 2026 tax return to prove this corrective distribution was handled in a timely fashion to avoid any penalty? The only proof I have is a direct deposit advice receipt documenting the corrective amount. I have struggle to find where to enter this corrective distribution in the guided entry of Turbo Tax online, using help and the embedded AI to no avail.   

The data-sharing consent forms will be located in Step 3, of the last process of the Review and File Section. Some documents are required to be signed if you want to file electronically. See the steps below to get to that screen:   From your TurboTax Online home screen select Review and File, and then click on Finish and File. You will see 3 Steps to complete your e-filling process. Share consents are located within Step 3.    Here are some other steps you can take to change your data sharing permissions:   Email Privacy Team: Send an email to privacy@intuit.com stating: "I am revoking my consent for Intuit to use or disclose my tax return information for any purpose other than the preparation and filing of my tax return". Intuit Account Manager: Sign in to your account, select Data Privacy, and toggle off "Data used for Intuit products" or "Personalized experiences". Household Data Sharing: In the Turbo app or web, go to View Profile, click or tap the person under "Household," and select Revoke access.   If you are using TurboTax Online and have not yet paid for your product, you also have the option to change your response in the File section by choosing to Clear and Start Over.   To cancel the Consent to disclosure of your tax return information that you signed by clearing your return:   To choose this option: Click Tax Tools Click Clear & Start Over Confirm While this will require you to redo the return in its entirety, it will also delete any and all forms associated with the return.    @Kkaters  @hollyhart227   

@seteti45    It all depends on what other forms are needed in your tax file.   Itemized deductions requires a paid version. Some special credits require a paid version.   Some folks with box 12, Code D $$ amounts have a Retirement Savings Tax Credit, which is sometimes way smaller than the Paid version cost....  [[But they can get rid of that by indicating thyme are a Student in the My Info section (((even if they aren't)))  ]]

@chicagoson70 On Schedule A Line 17, it that more or less than the standard deduction for your filing status. Click on Forms when using the desktop editions to see Schedule A.   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

Actually, I believe there is a bug/error...It looks like I'm receiving an on-page error that notes: "Hmm, looks like we've hit a snag...We recommend you revisit the last topic you were working on to make sure all your info's correct."  And then it routes me to some information about Qualified Business Income Deduction Summary and a QBI deduction, which I do not recalling any entry or reference in what I've populated for my 2025 return thus far. Is there another way to change to itemized to compare it to standard...Or do I need to start a new return and re-enter everything, being sure to elect itemized whenever it is presented? That would stink to have to re-enter all, but am running out of time. Please advise ASAP!!

Since the payment is associated with your job, it should be reported as income that should have been reported on a W-2 form. You will see that option when you enter your Form 1099-NEC in TurboTax.    To enter your 1099-NEC as income that should have been reported on a W-2 in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Select Add a 1099-NEC. 3. Enter the payer's information and the amount from your 1099-NEC. 4. When asked about the type of income, select "Income that should have been on a W-2". 5. Continue through the prompts to complete the entry. This will ensure the income is treated as wage income and flows correctly to your Form 1040.