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TurboTax is NOT calculating this correctly. I have 2 amounts under line 6 (not the nondeductible amounts), yet TurboTax shows zero for line 6 total. I spent a ton of time on the phone with support and got nowhere. I hope this is fixed soon. I paid to efile my state taxes, but they won't efile with an overridden entry to correct the amount. 

I am basically in the same boat as you. I just filed my taxes using H&R Block software that still works with Win 10 as well as Mac OS Ventura. Worked flawlessly, downloaded all info from TT2024 data file. That's after being a loyal TT customer for over 20 years - Screw them, they no longer care about the common folk. Just received my Fed refund today.

No, you will not use Schedule C for self employment for your residential rental activity. It will not be a self employment activity. This will be reported on Schedule E once it's placed in service. No expenses will be allowed until then.   Any expenses that are for capital improvements to the property itself will be added to the cost basis of the property when you 'place it in service' which is your critical date. You will begin with the actual cost or the fair market value whichever is less (usually cost when real estate is involved. when it's actually placed in service. Then add any capital improvements to that figure.    Once the property is placed in service, whether or not it is rented, all expenses and be utilized on your rental activity. Routine cleaning and maintenance expenses are only deductible if they are incurred while the property is classified as a rental. Cleaning and maintenance expenses incurred in the process of preparing the property for rent for the very first time are not deductible.   IRS Pub 527 Adjusted Basis: 'You must increase the basis of any property by the cost of all items properly added to a capital account. This includes the cost of any additions or improvements made before placing your property into service as a rental that have a useful life of more than 1 year.' This publication will be very useful for you. Where do I enter income and expenses from a rental property? IRS Topic 414:Rental Income and Expenses Here is the key difference if you qualify as a Real Estate Professional: Qualifying as a Real Estate Professional (REP) under IRS rules transforms rental activities from passive to active, providing significant tax advantages over standard active rental participation. The main benefits include unlimited deductions of rental losses against W-2/ordinary income, exemption from the 3.8% Net Investment Income Tax (NIIT), and enhanced use of accelerated depreciation   Rules you must meet to be considered a real estate professional are: more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated, and the number of hours in which you materially participated in this real property trade or business was more than 750 hours, and you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one and still met the material participation rules. A 'real property trade or business' means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.   Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.   For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

The taxes may be claimed as an expenditure on line 16 on Schedule E Supplemental Income and Loss.   This IRS Publication, page 96 states:   The following two tests must be met for you to deduct any tax. • The tax must be imposed on you. • You must pay the tax during your tax year

Here are some possible solutions to your issue:   First, make sure you have the correct version and the latest version of TurboTax installed.  If your code is for TurboTax Desktop then the code will not work for TurboTax Online and the other way around.   Make sure that the license code from the confirmation email, not a receipt number, the code is 16 digits.   Copy and paste the 16-digit code directly from your email to avoid manual entry errors Temporarily disable firewalls, antivirus, or VPNs, as they can block the activation server Right-click the TurboTax icon and select "Run as administrator" If these fail you will need to contact TurboTax.

The IRS requires that the total allocation between two tax households equals exactly 100%. If there is even a minor discrepancy in how you and your ex-husband report the Policy Number, SSN of the other recipient, or the Allocation Months, the IRS computers will flag it immediately.   1. The "Start and Stop" Dates Check your entries for the Effective Date and Termination Date of the allocation. If you selected 75% for the year, make sure you've indicated that this applies from January through December. If there’s a gap in the months, TurboTax will keep asking for "missing info."   2. Matching the 1095-A Precisely Ensure the Form 1095-A data (specifically Part III, Columns A, B, and C) matches what is printed on your physical form exactly. Even if you are only taking 75%, you usually have to enter the full amounts from the form first, and then apply the percentage in the "Shared Policy Allocation" section.   3. The Social Security Number Loop TurboTax often loops back if the Social Security Number of the Shared Policy Holder (your ex) is missing or formatted incorrectly in the allocation sub-section. The IRS uses this SSN to "pair" your return with his to ensure the total doesn't exceed 100%.   Steps to Fix the Loop Delete and Re-add: Sometimes the "Shared Allocation" data gets corrupted in the software's memory. Delete the 1095-A entry entirely and re-enter it.  Check Part IV of Form 8962: In TurboTax, go to Tax Tools > Tools > View Tax Summary > Preview my 1040. Look for Form 8962, Part IV. Column (e): Premium Percentage (should be 0.75) Column (f): SLCSP Percentage (should be 0.75) Column (g): Advanced PTC Percentage (should be 0.75) Ensure He Has 25%: If he hasn't filed yet, make sure he knows to use 25% exactly. If he used a different number, your return will be rejected.

To find the separate penalty and interest amounts when grouped, check Form 2210, line 19 (Underpayment of Estimated Tax) for the amount of your penalty.  You can also see it on line 38 of your 104 Form.   Follow the steps below to view or print your current year tax return using TurboTax Online;   Sign in to your account Select Tax Tools from the menu. Select Print Center, choose Print, save, or preview this year's return, Select Your federal and/or state tax return(s). Select Include government and TurboTax worksheets. Select View or Print Forms. For additional info, review the TurboTax articles How do I print a copy of my tax return in TurboTax .  

For the 2024 Form 1040-SR, Line 11 represents your Adjusted Gross Income (AGI). A discrepancy between your filed form and the IRS transcript usually occurs because the IRS made a manual correction or used an "as computed" figure that differs from what you originally reported. 

If your TurboTax download is stuck in a state return loop, the software may not have properly registered the state module installation. To fix this, either:   Manually update your TurboTax software, or   Run the TTStateCleanup.exe tool as an administrator to remove and re-download the state   With a PC:  Go to the control panel in the start menu and click on it Scroll down to user accounts and select In the new window, you'll see a link to change your account type; select that link. In the next window, change to administrator and then click on the link to change account type.   Reboot. The ability to do this may be limited because of other settings on your PC @Daveing