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I duplicated what you explained and the program generated two form 7206's and deducted the total health insurance. I suggest you revisit your K-1 entries and on the screen that says Self-employed health insurance, make sure you entered Medicare wages that were equal to or more than the health insurance premiums paid. 

   Form 709 is not ever part of an income tax return.   TurboTax provides software and forms for income tax returns, not for other kind of taxes or  forms that are not part of an income tax return.     Gifts given to family members, friends or other individuals are not deductible.   Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.   If your gift exceeds the yearly limit ($19,000 per individual)  imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.   TurboTax does not support Form 709.  It is not an income tax form and would not be included as part of an income tax return.   Here is a link to the form: https://www.irs.gov/pub/irs-pdf/f709.pdf   https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N     Here's a link for Form 709 preparation software:  https://www.puritas-springs.com/product-category/federal   Here are some useful videos on the Form:   https://www.youtube.com/watch?v=a5wJow5h-No   https://www.youtube.com/watch?v=5Z_28sVOrTY     @user17748952465

I agree with the other reply here that says you'll need to probably depreciate it. And unfortunately, HVAC equipment is depreciated on the same schedule as things like the structure of the property, which is 27.5 years for a long-term rental or 39 years for a short-term rental.   That's unfortunate since the equipment doesn't even usually last that long, but that is what it is.    If it's a short-term rental, there is an exception where HVAC equipment can qualify for Section 179 to deduct it all in the current year.  A rental with an average stay of 30 days or less for the year qualifies as non-residential for purposes of this part of the tax code, so it qualifies for section 179.  That's rarely understood or used for short-term rentals, but it is a valid option if the rental qualifies. 

Yes, you are correct. It's called the 'Tax Benefit Rule'. You may have a portion of your state tax refund that is not taxable.  You can use the worksheet in IRS Publication 525 to determine the amount, if any, of our recovery of your state taxes is taxable for 2025.  If you click the link it will take you directly to the worksheet to determine your taxable amount. IRS Publication 525-Worksheet 2: Recoveries of Itemized Deductions This will give you a way to calculate the amount and keep the worksheet in your tax file.  @Martiroy60 

Here are some ideas that could help with your download:   Make sure your computer meets the minimum system requirements. Verify that you have administrator rights. Administrator rights in Mac OS X To view your rights on Mac OS X: From the Apple menu, select System Settings. In the System Settings window, select Users & Groups. Select the information button next to your user account. If Allow user to administer this computer isn't checked, you don't have admin rights. Turn off file sharing by going to the Apple Menu > System Settings > General > Sharing. Then, uncheck all options under Content & Media. This will stop your computer from sharing any files. If needed, remove and reinstall TurboTax for Mac. Allow cookies and pop-up windows. If you’re asked to grant access to your confidential information, enter your Mac password and select Always Allow. From the Apple menu, choose System Settings > Privacy & Security > Security. Select the App store and identify developers under Allow applications downloaded from (if you're unable to choose it, select the lock icon and enter your admin password). Temporarily turn off your firewall and virus-detection software as well as any other program that connects to the Internet, such as email or web browsers. Remember to turn your security software back on after the download is complete. Troubleshooting TurboTax Desktop for Mac issues

Tax prep fees are entered in the Federal return under Deductions and Credits > Other Deductions and Credits > Tax Preparation Fees.     The fee  entered is transferred to the CA Schedule CA part II line 20 automatically even though it is not reported on the Federal return. 

Thanks for the response and I understand your answer. What I don't get is I have to answer yes when I did not have a household employee in 2025.   Also, in Missouri state return, online submission of the  return is not allowed if you happen to donate to an organization that allows for state income tax credits. Is this an issue with Turbotax or Missouri Department of Revenue. This is not a new situation, it has been like this for years.

When reporting a liquidating dividend from Form 1099-DIV Box 9 (or 10), first understand any liquidating distribution you receive is not taxable until you have recovered the basis of your stock. After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain.    If the total/final liquidating distributions you receive are less than the basis of your stock, you may have a capital loss. You can report a capital loss only after you have received the final distribution in liquidation that results in the redemption or cancellation of the stock.    In other words, the liquidating distribution may or may not be a reportable transaction this year. This is why the amount entered in box 9 of the 1099-DIV entry does not flow to any other form, schedule or worksheet. Basically, it's informational - it is used to determine/calculate your gain or loss.   Once you have determined you have a reportable transaction and calculated your gain or loss (cost basis = 0), you will report it the same way you would report the sale of common stock or other investments, as follows:   Type "Investment sales" in the search window and click Enter Click on "Jump to Investment sales" On the page with "Did you sell any investments in 20XX?"  Answer Yes, or If you have already entered investment sales, click on "Add more sales" Indicate "Other" and click "Continue" If asked, answer No to "Did you get a 1099-B..." Enter a name of the person or entity that brokered the sale (enter anything you want, or you can leave this blank) On the "Now we'll walk you through entering your sale details" Indicate "Other" The interview will walk you through entering the details of reporting your gain.   Reporting the transaction as described above will result in TurboTax populating both Form 8949 and Schedule D.     You will also need to complete Form 7203 - S Corporation Shareholder Stock and Debt, which is supported by TurboTax.   from Expert DavidD66

1. You need to enter the 1098-T.  Your parents should be entering the 1098-T with box 1 of $4,000 and box 5 blank or zero.  You report the 1098-T with as it came with only one change. Subtract $4,000 from box 1 when you enter your form. 2. Maybe. Fellowship used towards education expenses is not taxable. Only the portion above expenses is taxable. It must still be entered.

@user17748952465 Professional tax preparation software and services, rather than standard consumer tax software, are needed to file Form 709 (Gift Tax Return). Key providers that support Form 709 include Drake Tax, TaxSlayer Pro, Intuit ProSeries, Lacerte Tax, Thomson Reuters ONESOURCE, and CCH Axcess Tax.

There have been updates for Form 5695.  If you're using TurboTax Desktop, try deleting the form, doing a Manual Update, and stepping through the Home Energy Credit interview again.    If using TurboTax Online, here's How to Delete Forms in TurboTax Online.  After deleting the form, clear your Cache and Cookies before stepping through the interview.   If this does not resolve your issue, please give more specific details and we'll try to help.  Here's more info on Home Energy Credits.   @Jenfern 

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Please Note - TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules

Does your W-2 have a zero in Box 1, but has numbers in Box 3 and Box 5? If so, then you can follow the instructions below from this help article:   I received a W-2 with zero in Box 1 and amounts in Box 3 and Box 5 If your W-2 includes a zero in Box 1 for tax-exempt Medicare waiver payments from In-Home Supportive Services (IHSS), you should request a corrected W-2 as your payments should only be reflected in Box 12. If you can't get a corrected W-2, follow these instructions:   Navigate to the Wages & Income section and scroll down to Less Common Income.  Select Start next to Miscellaneous Income, 1099-A, 1099-C. Select Start next to Other income not reported on a Form W-2 or Form 1099. Select Nontaxable Medicaid waiver payments not reported on a W-2 or 1099 on the screen Types of wages you received.  Enter your total Medicare waiver payments on the screen Certain nontaxable Medicaid waiver payments not reported on Form W-2 or 1099. You might consider asking the agency that is making the payments as to how they determined that the nontaxable income was subject to Social Security taxes.   @user17744649323