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Enter these in the deductions and credit section of your return. Once entered, these will populate in the state return when you begin preparing it.    Steps to Enter Medical Expenses  Open the Federal Section: In the top menu, click the Federal tab. Select Deductions & Credits from the sub-menu. Locate Medical Category Scroll down to the Medical category (you may need to click "Show more" to see it). Click Start or Revisit next to Medical Expenses.

I was quoting the previous poster who made the comment about realized versus unrealized capital gains. Of course, you would want to net out the realized gains versus any realized losses...the point is that you report only realized events.

Hen you go to itemized deductions in the medical section enter your medical expenses there. You can only deduct a total of medical expenses greater than 7.5 percent of your AGI. The information will be transferred to your state return. 

Your partnership K-1 is reporting Section 199-A income on line 20 code Z and the software wants you to enter the information that will compute the qualified business income deduction.   To enter partnership income from a K-1, follow these directions.   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & Income. Scroll down to S-corps, Partnerships and Trusts and click Show more to the right. Click Start / Revisit to the right of Schedule K-1. Click Start / Update to the right of Partnerships/LLC. Click through the screens until you reach Enter Box 20 Info. At the screen Enter Box 20 Info, select Z-Section 199A information.  Leave Amount empty.  This tells the software that Section 199A information will need to be entered for the income previously reported.  Click Continue. At the screen We see you have Section 199A income, select the appropriate income description.  Click the box to the left.  Click How would I know this? for more information. At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1.  In some cases, you will also select and enter values for W-2 wages and UBIA of qualified property.  Click Continue. The information that is needed to complete the screen may be found on a Statement A attached to your K-1 information.    

@5274800758  Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=m7ulm2n7   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

When you stop your business, you must dispose of your assets. Items must be sold, disposed of or converted to personal use. The sales are listed on Form 4797 along with the sec 179 recapture. As you go through your assets, be sure to dispose of all assets, including those that took Sec 179. You will only include the income above the regular allowed depreciation for the items.

You should not need to be connected to the internet to access the edit and delete functions in the desktop software.    You can connect to the internet which allows you to update the software and use the digital assistant.    But an internet connection is NOT required to prepare a tax return.   You should see the pencil and garbage can icons.   Trying signing out - disconnect from the internet and see if there is a difference in view when connected and when not connected.       You can sign in and out from the File menu up top.   Click on file, then choose sign out and confirm you want to sign out.         

If you received a Form SSA-1099 the is NOT a W-2   To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button  

No, it must be reported this year. You can also enter this as a lump sum payment, which may lessen the tax impact.    Step 1: Navigate to the Social Security Section    Open your 2025 return and go to the Federal tab. Select Wages & Income. Scroll down to Retirement Plans and Social Security and select Start/Revisit next to Social Security (SSA-1099, RRB-1099). Answer Yes when asked if you received Social Security benefits. Enter the full amounts exactly as they appear on your 2025 Form SSA-1099. Use the Net Benefits amount from Box 5, even though it includes the retroactive WEP lump sum.  Step 3: Trigger the Lump-Sum Election    After entering the basic form info, look for the screen: "Did you receive any lump-sum payments for 2024 or earlier?" Select Yes. Break down the payment: Enter 2024 as the year and enter the specific dollar amount that was designated for 2024. This amount is usually listed in the Description area or at the bottom of your SSA-1099. Provide 2024 Return Info: You will need your 2024 tax return handy. TurboTax will ask for: Your 2024 Filing Status. Your 2024 Adjusted Gross Income (AGI) (Line 11 of your 2024 Form 1040). Your 2024 Tax-Exempt Interest (Line 2a of your 2024 Form 1040)  Once finished, TurboTax will automatically calculate which method—taxing it all now or using the election—results in the lowest tax for you