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If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)   TurboTax Online: Open your return -Go to the menu panel on the left side of your return and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center.   On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information. TurboTax Desktop: If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps: Click on Online in the top left menu of TurboTax Desktop for Windows Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number. Enter your email used for TurboTax > Enter your code > Send Write down or send an image of your token number and state then place in this issue. We can then review your exact scenario for a solution. Please also tell us any states included in the return. This is necessary for us to view the return. *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')   We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

They are not added to get your Sch 1 total. The form has more lines and complications. Line 21 is total income / loss for all properties Line 22 is what you are allowed after limitations. Check for Form 8582 which limits your passive losses. You may be capped at $25,000 loss allowed with the rest suspended for future years. Check for Form 6198 at risk - if you aren't at-risk for the money Sch E income comes from multiple places including partnerships, estates, royalty, and more. Look at Sch E, line 41 - this is the number that must match Schedule 1, line 5.

It depends.   You received a lump-sum Social Security payment.   What is a lump-sum Social Security payment?  It is a one-time Social Security payment that you received for prior-year benefits.   While your lump sum may include benefit payments for more than one year, you do not have to file an amended tax return for any prior year. You might need to pay taxes on a small portion of your lump-sum payment. However, you might be able to avoid these taxes by apportioning prior year benefits to those previous years’ income (still without filing any amended returns).   After you enter your lump-sum Social Security payment information, TurboTax will automatically figure out what, if any, taxes you owe due to the lump-sum payment.  Where do I enter an SSA-1099?

It depends. The varied use of the vehicle each year does create the need for some different steps when a vehicle is sold or traded (same as sale in tax law).    It's important to go through the vehicle asset and make sure you change any selections you may have made such as sale date, etc. Once you have deleted your entries, then go back to select that it was 'sold, traded, converted to personal...etc' and converted to personal use and no sale date. Next, follow the steps below to enter the sales portion of your vehicle.   First start by gathering the required information in steps 1-6 below. Based on your information you can ignore the standard mileage rate (SMR) information below because it wasn't used on the vehicle you traded.   Total all of the business miles for the life of the vehicle Total all miles on the vehicle for the life of the vehicle Business miles divided by total miles = Business Use Percentage for the life of the vehicle Take the original cost of the vehicle x the business use percentage = Business Cost Take the sales or trade-in price x the business use percentage = Business Sales Price Calculate the following: If you used only SMR: all of the business miles by year with the rate in the SMR for depreciation (chart below) to arrive at the total depreciation considered used by the IRS; OR Total all of the actual depreciation expense used for the traded vehicle (see that information in the Vehicle screen) When you go through the vehicle information be sure to select 'Sold, disposed of, etc....' then do not indicate it was sold.  You must say 'Yes' it was converted to personal use.  This will eliminate any sales information in the vehicle it self. Once you have completed the information in that section you will follow the steps below to enter your sale: Go to Less Common Business Situations Scroll to Sale of  Business Property On the next screen select Any Other Property Sale Use the information from step 3 and the depreciation from step 6 to complete your sale Select Sales of business or rental property that you haven't already reported. Answer 'Yes' to Do all of the following apply...?  Description of the Property (Vehicle make/model/year) Sales Price/Sales Expenses  Date acquired and date sold Cost Depreciation If the personal use portion of your vehicle is a loss there is nothing to report for that portion of the sale/trade. As you indicated, the business portion of the sales price/trade price will be taxable up to the amount of depreciation expense used on your returns since purchase.

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) Or - When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.   Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf

Yes, as you work through the State interview, look for topics such as "Income that XXX handles differently" or "Business Income/Adjustments." Work through these state-specific topics to enter adjustments to the federal income that will then report the state income on the State K-1 instead.   @ahzimmerman 

Thank you very much for your response. I selected “3a. Type of filer—specified individual” on Form 8938. The instructions for Line 4 state: “If you checked box 3a, skip this line. If you checked box 3b or 3c, enter the name and TIN of the specified individual who closely holds the partnership or corporation. If you checked box 3d, enter the name and TIN of the specified person who is a current beneficiary of the trust.” Based on these instructions, I believe Line 4 should be left blank. I also have a question regarding the account number. Since the software limits the number of characters and does not allow me to enter the full bank account number, should I attach a separate statement with the complete account details? Alternatively, should I manually write the full account number on the form and mail the entire tax return to the IRS? In addition, should I include in the statement clarification regarding the ownership of the foreign bank account? If I e-file the return without the full account number and ownership details, will that cause any issues?