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Hi Dave, I have the same question.   My previous CPA used 30 years for the CA state return 2024. However, TurboTax is now forcing 40 years for the CA return 2025. I’ve consulted two other CPAs, and they also suggest 40 years for California. My Understanding: After some research, it seems that although SB 711 was recently passed to update CA's conformity date, it might not apply to the 2024 tax year yet. Therefore, CA is still tied to the old 40-year ADS rule because it hasn't conformed to the TCJA's 30-year update for foreign rentals depreciation. My Questions: Is it correct that for the 2024 tax year, California still requires 40 years for foreign residential property while Federal uses 30 years? and for 2025 taxt year, it is still 40 years?  Has anyone successfully used 30 years for CA and survived an FTB audit, or is the 40-year "adjustment" the only legal way? If my previous CPA used 30 years for CA, should I file an amended return, or just "correct" it to 40 years starting 2025?

Very little ever transfers from a pdf---usually only a few bits of personal information like your name, SSN, date of birth, etc.   And the pdf you are trying to use came from somewhere that used a different software program.   If you want to use TurboTax for 2025 you will need to start the return from scratch.

This is a bug in TurboTax that has been present for many years (at least as far back as 2008 TurboTax), triggered when you have an excess traditional IRA contribution carried in from the previous year (line 9 of Form 5329) and you also received a distribution from an inherited traditional IRA in the current year.  Distributions from inherited traditional IRAs are never to be included on line 11 of Form 5329 (because they do not correct excess contributions in your own IRAs).   The instructions for line 11 say, "Enter on line 11 any withdrawals from your traditional IRAs that are included in your income."  As I sure you are aware, an inherited IRA is not "your" IRA, it is an IRA of the decedent  maintained for your benefit as beneficiary.   I don't think that there is any workaround other than an override on line 11 in the desktop version of TurboTax.  That would block you from e-filing, so you would have to mail your tax return.   Perhaps @ReneV4 or @DoninGA can pass this bug report to the moderators.   @MLMcQ , if you obtained a return of an excess 2024 traditional IRA contribution before the due date of your 2024 tax return, including extensions, you have no excess carried into 2025 and you would need to correct that in 2025 TurboTax.  If you have no excess carried into 2025, this bug is not triggered.

@PatriciaV wrote: According to the IRS Instructions for Schedule K-1 (Form 1041) Box 11, amounts reported on Form 1041 Schedule K-1 Box 11 Code B (non-miscellaneous itemized deductions) should be reported on the applicable line of Schedule A. They are reported on the applicsble line of Schedule A BUT NOT Line 16 for the entire amount entered unless it is one of the items speficially stated to be reported on Line 16 by the IRS.

You need a Qualified Manufacturer Identification (QMID) code to claim the federal tax credit for your new water heater installed in 2025.   If you do not have a QMID (Qualified Manufacturer ID) for your product, you can contact the manufacturer directly to request their 4-digit code. The QMID is assigned to the manufacturer, not the installer.   You can also try checking with your installer for it or it may be on your  "Manufacturer Certification Statement," which should list the necessary information for Form 5695, including your QMID. You can try googling it.   If you had improvement costs for enabling property, such as replacing panelboards or circuits that is addressed in steps 14-15 below.   You can get to these screens in your TurboTax program to answer these questions using the steps listed below:   Click on Search in the top right of your TurboTax screen Type residential energy credit in the search box Click on the link Jump to residential energy credit This will take you to the input screen in TurboTax to enter your information regarding your new water heater Your screen will say Energy Efficient home improvements Answer Yes to I made these energy-efficient improvements or have a carryforward and click on Continue Answer Yes to my home is in the U.S. and Continue through your TurboTax screens  On the screen that says Did you have any of these residential-related clean energy costs in 2025? Answer No and Continue On the screen that says Did you have any of these qualified energy efficient improvements in 2025? Select No and energy-efficient On the screen that says Did you have any of these residential energy property costs in 2025? Click on Yes and Continue On the screen that says Tell us more about the residential energy property, make sure to answer that the home is located in the United States, Did you pay for a home energy audit Yes or No, Was the qualifying energy property originally placed in service by you? Yes Answer the follow-up screens about your new hot water heater On the screen that says Enter your qualified energy property costs, you will enter your QMID and the cost of your hot water heater On the screen Did you install improvements or replacements for enabling property? This is where you say Yes if you installed panelboards, branch circuits etc required to support the improvements, and Continue The next screen says Improvements or replacements installed for enabling property, select the one that applies and enter your QMID and cost you paid for all materials, and Continue Your screen will say Qualified Energy Property Costs How many homes had qualified energy property installed? Select Only one home and Continue On the next screen you will confirm your address and Continue The next screen asks if there were Condo or Co-op shared costs select No and Continue The next screen asks if you had a energy credit carryforward from 2024, answer and Continue    Click here for Where do I enter qualified energy-saving improvements? Click here for Energy-Efficient Home Improvement Credit Click here for 2024-2025 Energy Tax Credit: Which Home Improvements Qualify? Click here for Energy Efficient Home Improvement Credit qualified manufacturer requirements   Please return to Community if you have any additional information or questions and we would be happy to help.     

If your inherited IRA is incorrectly triggering a Form 5329 in TurboTax, follow these steps to delete the incorrect form and re-enter your Form 1099-R:   First, to delete the forms:   In TurboTax Desktop, click on Forms Mode at the top right, then click on 1099-R/5329 and Delete Form at bottom left In TurboTax Online, go to Tax Tools on the right hand panel inside of TurboTax Click on the down arrow and scroll down to Tools Click on Tools and select Delete a form from the menu items that appear in the Tool Center Click on the trash can icon to the right of the Form 1099-R you would like to delete, then delete Form 5329 Follow Steps 1-14 above to re-enter your Form 1099-R and type in your revised explanation   Next, to re-enter your Form 1099-R:   Return to your 1099-R entry by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income Click on the pencil to the right of the 1099-R Click Continue through the entries you've made Note: Box 7 should have Code 4 for an inherited IRA, as well as the IRA/SEP/SIMPLE box checked Ensure you selected, I inherited this IRA, Continue Enter the information about from whom it was inherited, Continue Answer the, "Did you have nondeductible contributions for this IRA?", typically "No", Continue Year when the person from whom you inherited IRA was born, Continue Next, "Let's get more information about your RMD", enter the distribution amount, as your RMD, Continue Next, select, The entire distribution applied to the December 31, 2025 RMD, Continue Next, in the Review your 1099-R summary, Continue (not the pencil) Continue answering the questions Next, when you see "Let's go over any required minimum distributions (RMD), select Continue (not the pencil)

2007?   From almost twenty years ago?   Sorry---if you did not save the return as a pdf a long time ago, you will not be able to open the tax file without the 2007 software.   There is a service--not affiliated with TurboTax-- that can open old tax files for a fee.   You can try taxprinter.com.

IS MY 2024 STATE OR LOCAL REFUND TAXABLE?   If you used standard deduction for your 2024 tax return, you do not have to enter a state or local tax refund you received in 2025.   If you itemized deductions then your state or local refund that you claimed on the 2024 return----and received in 2025---must be entered as taxable income on your 2025 return.  If you  are not sure if you itemized for 2024, look at your 2024 Form 1040 line 12.   Do you see the standard deduction amount or something else?       2024 STANDARD DEDUCTION AMOUNTS SINGLE $14,600    (65 or older/legally blind + $1950) MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550) MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550) HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)     If you need to enter the state or local refund — go to Federal>Wages & Income>1099-Misc and Other Common Income>State and Local Tax Refunds on Form 1099G  

Yes, you report the total lump-sum amount received in 2025 on your 2025 tax return. You will use the "lump-sum election" method. You are telling TurboTax that a portion of your lump sum belongs to 2024 to possibly reduce your tax liability. This is why you see the question What was the lump sum payment for? This includes payments for 1984 through 2024.   Enter 2024 in the box and continue. The amount for 2024 is listed in the "Description of Amount in Box 3" section of your SSA-1099. This breaks down which portion of your lump sum belongs to which year.   Please return to Community if you have any additional information or questions and we would be happy to help.

I am using the desktop version of TT Home & Business Forms is on the upper left of the ribbon, not the upper right. If I select a Form in the list, there is no button at bottom left to DELETE FORM.   This is the employee's suggested procedure, which I cannot follow: On the top right, there is a FORMS button. Click on FORMS. Locate the form you want to delete. Click on the form name. Below the form, bottom left, select DELETE FORM button.

@ clsbell1942  wrote:  " PRESIDENT CUT TAX ON SS FOR SR where is it that the president said no tax on ss"   President Trump wanted "no tax on Social Security" included in his OBBBA as relief for Seniors, but that was voted down in the Senate as well as the other items in the OBBBA. So the OBBBA had to be passed through a process called budget reconciliation. That budget reconciliation process specifically prohibits any changes to Social Security (part of the Byrd Rule). So instead, a lesser workaround was to lessen the pain a bit with a "senior bonus" called the "Enhanced Senior Deduction". It does not equate to full Social Security tax refief for many people, but it does help lower the overall tax burden of seniors and got around the Byrd Rule. It provides some extra spending money, especially for married couples. Hopefully, additional tax relief for Social Security can be in future legislation if the Senate doesn't obstruct again.