All Posts

Click on Tax Tools on the left side of the online program screen Click on Tools Click on Delete a form   Note - There may be multiple pages of your tax return forms and schedules so click on the page number or right arrow (>) shown at the bottom of the federal tax return forms.

Your date of payment stays valid.  It may take the IRS up to 10 days to debit your account during this time of the tax season.   Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. You proof of payment in your bank account showing the debit from the IRS.

That is the result of using the mathematical method (not using the "tables") for depreciation, using the order of operations that TurboTax uses.  TurboTax does that for all assets.   The order of operations is questionable, but as far as I can tell, there is no IRS guidance on that matter.  And besides TurboTax, there are several other software companies that use the same method and order of operations.    If you have the desktop/downloaded version, you can go into the "Forms" and access the "Asset Entry Wks".  If you scroll WAY down to the bottom, it is an option to use the "tables" for depreciation, which would give you the results that you are expecting.

@Mike9241 wrote: for the cost of the house in 1953, you'll need to use either an appraiser or........ Yeah, I agree 100%.    HOWEVER, depending on the sales price, it might not be worth spending a whole lot of money on an appraisal. The sale is being split 4 ways, apparently, which would divide the basis by 4 (obviously). Applying a normalized inflation rate would imply an original cost in the neighborhood of $12,000 (or $3,000 for each sibling). That would save each a maximum of $600 in federal income tax and likely a lot less. A low ballpark figure (i.e., educated guess) may be more cost efficient). 

Tried to netfile Quebec today April 18 2026 and still the same error. TurboTax found issues that will prevent the creation of a valid file that is necessary to use Revenue Québec's NETFILE service. Please reach out to customer support   Any update on this issue? Do we need to print and mail? If so, would Turbo Tax give a credit for the affected customers?   thank you, Marie    

Same here, tried today April 18 2026 and still getting the same error message.  TurboTax found issues that will prevent the creation of a valid file that is necessary to use Revenue Québec's NETFILE service. Please reach out to customer support.   12 days before the filing deadline. Will it be fixed or we need to print and mail the taxes (the old way)?   I don't see any updates from Turbo Tax here about the progress on this issue. They should have tested the Quebec Filing with their last update release. 

@sherp wrote: The rental activity nets to a loss. Turbo tax is taking that against my other income. They are passive losses so that is incorrect.   They are not flowing through to a schedule E    Did you indicate you are a Real Estate Professional?  Or do you "Actively Participate" and is your Modified Adjusted Gross Income under $150,000?   Are you saying they are not flowing to page 2 of Schedule E?  Look at page 2, not page 1.  Each K-1 should show up on Line 28 of Schedule E. On line 28 of Schedule E, look at columns (g), (h), (i) and (l).  Which columns are the amounts showing up in?

for the cost of the house in 1953, you'll need to use either an appraiser or an accounting/CPA firm that has a valuation specialist. to that cost add the cost of subsequent improvements. Not sure about the roof. It could be a repair which doesn't add to basis or an inprovemnet ot betterment which does    The IRS does have the right to challenge the value

Si je change mes préférences, ça va aussi changer mes préférences pour les courriels qui sont en français pour le Canada, et je veux continuer à les recevoir. L'autre jour, je me suis retrouvé sur la plateforme des États-Unis avec leur numéro de téléphone sur les courriels. Donc, ma question devrait plutôt être: Comment arrêter d'être sur la liste des États-Unis? Je reçois toute sorte d'information qui ne sont pas valides au Canada, comme la date d'échéance sur mon exemple.