All Business & farm posts

Re: Can I fix a Schedule E Worksheet error? ``Passive Operating Loss...sum of losses in individua...

MonikaK1 — Wed, 22 Apr 2026 18:07:39 GMT

If the message you see relates to a rental property (Schedule E), try working through the property interview again.

In TurboTax Online, navigate to Federal > Income & Expenses > Rentals, Royalties, and Farm (Schedule E).
Navigate to your Rental Property Summary page and look for Less Common Situations at the bottom.
Click the pencil icon to the right of "Carryovers, limitations, at risk info, etc." and work through the interview to enter your carryovers.
Check the box for "I have passive activity losses carrying over from last year," and complete all tables that may appear and continue until you reach the property summary page again.
It is important that all boxes have an entry (zero is accepted). This should resolve the Smart Check message.

Please also see this discussion thread for more information.

Can I fix a Schedule E Worksheet error? ``Passive Operating Loss...sum of losses in individual years should not be greater than the total loss´´ this. How to fix this?

rschneider44 — Wed, 22 Apr 2026 17:04:41 GMT

For 2023 Turbotax put overall loos (sum of all annual losses) in the column for annual loss. leading to this error.

Re: Form 3468 - Unable to get increased 30% tax credit for small solar system install

rockyInTheVoid — Wed, 22 Apr 2026 15:38:20 GMT

@DawnC

Override doesn't work on macOS version of the software.

When is the fix coming? I had to file an extension for this minor bug. Should I look at other Tax solutions now? You are losing a long standing TT customer in the process.

Re: Form 8949 for bad debt - need to attach supporting documents

Don Riley — Wed, 22 Apr 2026 10:08:05 GMT

Amen! This product has been in market for too many years to not have functional means to attach required filing supporting documentation to allow electronic filing!

Re: I dont manage to correct the code under line 2 of form 3805P, currently 21 when it should be 12

SharonD007 — Tue, 21 Apr 2026 20:01:51 GMT

You can change the code on line 2 of your CA Form 3805P. Follow the steps below:

Open your tax return and go to your CA return
Select Credits and taxes
Select continue until you get to the Additional Tax On Distributions screen
This is where you checked the box by My Distributions Are Not Subject to Additional Tax and you entered the Distributions Not Subject to Additional Tax. Change the Exception number using the dropdown arrow.

@bpillod79

Re: I didn't use TurboTax last year. I have non-pass loss to report on a K-1 from 2024. It appear...

PatriciaV — Tue, 21 Apr 2026 14:53:13 GMT

A non-passive loss carryover from Schedule K-1 would be entered in TurboTax during the Schedule K-1 interview.

Open your return and navigate to the list of K-1s in your return.
Choose "Partnerships" and the K-1 you need to work on.
Follow the interview and look for the page "Describe the Partnership" and check the box for "I have at-risk losses carrying over from 20XX."
Continue to the page "Enter your at-risk carryovers..." with an embedded worksheet for Schedule K-1 At-Risk Limitations Allocation.
Enter your loss carryovers as negative numbers on the appropriate line from Form 6198 (if you have one).
On a subsequent page, you'll also see a table by year to allow you to report each year separately. Your entries must total to the amount you previously entered.
Continue back to the list of K-1s to save your entries.

Re: entering Working interest oil sales and depletion in form 1065

PatriciaV — Tue, 21 Apr 2026 14:16:39 GMT

For most working interest oil producers, you would multiply your gross income by 15% to determine your percentage depletion.

More info from the OnDemand Tax Guidance within TurboTax:

Percentage Depletion Is calculated by taking a certain percentage, based upon the type of mineral, by your gross income from the mineral property during the year. Gross income includes the amount received for the minerals but not amounts paid for rents and royalties for the property. The deduction using this method cannot be more than 50% of your taxable income from the property without taking into account the depletion deduction. Percentage depletion generally does not apply to oil and gas wells.

Small Producers Exemption:

Generally, small oil and gas producers and royalty owners can use percentage depletion at a rate of 15%. The deduction is limited to the lessor of your taxable income from the property without regard to the deduction for depletion, or 65% of your taxable income from all sources without regard to the deduction for depletion.

Depending on the purpose of the extraction, the depletion rate may be different, in a range from 7% to 22% (see 26 U.S. Code § 613 - Percentage depletion for a complete list).

Re: I have submitted my taxes and when reviewing, I see that the business income line does not ha...

CatinaT1 — Tue, 21 Apr 2026 12:44:44 GMT

You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.

You must first wait until the initial return is completely processed.
You will have to use the same TurboTax account that you used for the original tax return.
Once you begin your amendment, you'll see your original return. 
The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
Only make changes to the areas of your return that need to be corrected.
You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

Select your product below and follow the instructions.

Amend TurboTax Online

Amend TurboTax CD/Download

Delete all info

livinglegendreef — Tue, 21 Apr 2026 11:28:41 GMT

entering Working interest oil sales and depletion in form 1065

17767212265 — Mon, 20 Apr 2026 23:03:09 GMT

This is my first time using Turbo Tax (2025) for an LLC partnership for a small working interest oil property. I entered the oil sales in the business sales line. But I have no idea how to enter information for percentage oil depletion. Turbo Tax instructions on this do not work (for me). Can anyone give guidance?

Re: I'm having problems entering all countries into Form 1116 on TT Home & Business. AI is halluc...

DawnC — Mon, 20 Apr 2026 22:12:03 GMT

The foreign tax credit screen. You don't need to enter each county on the 1099-DIV entry screen; you can do that when you go through the foreign tax interview.

Re: I have submitted my taxes and when reviewing, I see that the business income line does not ha...

Tez67 — Mon, 20 Apr 2026 20:04:23 GMT

Is there a timetable to get this done as I have not gotten anything back from the IRS in regards of the refund.

Re: I dont manage to correct the code under line 2 of form 3805P, currently 21 when it should be 12

SharonD007 — Mon, 20 Apr 2026 18:58:36 GMT

I'd like to review your tax return that is experiencing this issue but will need you to create a copy that doesn't have any of your personal information. To create this diagnostic file, follow the instructions below to send it to us.

For TurboTax Online:

Sign into your TurboTax Online account
Scroll down to Tax Tools from the menu ‌ side
Select Tools from the dropdown
On the pop-up screen, select Share my file with agent
A message that a diagnostic file gets sanitized and transmitted to us appears
Provide the Token Number that was generated in this thread.

TurboTax Desktop Steps

Open your return
Click Online in the top menu bar
Select Send Tax File to Agent
Follow the prompts to generate the token number
Provide the Token Number that was generated in this thread.

Re: I'm having problems entering all countries into Form 1116 on TT Home & Business. AI is halluc...

NCBeeman — Mon, 20 Apr 2026 18:45:21 GMT

Dawn,

Thanks so much for your reply! To ensure I understand what you are saying: When you say to select multiple countries (and not various), are you saying to do that on the foreign income tax credit input screen, or when I input the countries on the 1099-DIV screen?

What I tried to do was enter "Various" on the 1099-DIV input screen (which is the way it's reported on my 1099-DIV), and then input all of the countries covered by that "Various" in the country selection screen in the foreign tax credit entry. Is that the correct way to proceed??

Thanks! Ed

I didn't use TurboTax last year. I have non-pass loss to report on a K-1 from 2024. It appears on Stmt 1 - Sch E, Page 2. Where do I enter this info for 2025?

noel-rydecki — Mon, 20 Apr 2026 18:31:19 GMT

The partnership is still active, and this loss is appearing 1065K-1 for 2025.

Re: I'm having problems entering all countries into Form 1116 on TT Home & Business. AI is halluc...

DawnC — Mon, 20 Apr 2026 17:47:37 GMT

If you want to list multiple countries, do not choose VARIOUS. You can list each country individually from the list as long as you don't start with Various.

If you own shares in a mutual fund or a Regulated Investment Company (RIC), then you may simply identify the foreign country as "RIC" rather than identifying each individual country.

Re: I have submitted my taxes and when reviewing, I see that the business income line does not ha...

AnnetteB6 — Mon, 20 Apr 2026 13:22:52 GMT

When you are filing an amended return (either Federal or state), part of the reconciliation at the end of the process is to enter information about any refunds you have already received or payments you have already made. That way those amounts are taken into account when determining the overall refund or balance due from filing the amended return.

@Tez67

Re: I have submitted my taxes and when reviewing, I see that the business income line does not ha...

Tez67 — Sun, 19 Apr 2026 23:15:03 GMT

I see on turbo tax that it shows me the option to amend my tax return. However, I have already received my state refund and not sure how this will affect that. Is there any advice on that aspect of doing this amendment?

Re: IRS notice CP162A and CP282

user17765623135 — Sun, 19 Apr 2026 22:35:59 GMT

Thank you this is helpful

Re: IRS notice CP162A and CP282

PatriciaV — Sun, 19 Apr 2026 22:03:08 GMT

1) Yes, you can call the IRS to discuss the notice. It may resolve the situation more quickly, if you can get through to a helpful agent. Use the phone number on the letter you received.

2) If you don't have a history of mistakes on your return, it's more than likely that the IRS will waive the penalty since it didn't impact your tax liability.

3) An individual qualifies as a U.S. resident if they 1) have a green card or 2) are physically present in the United States for at least:

31 days during the current year, and
183 days during the current year and the two preceding years, calculated using the following formula:
All the days present in the current year,
1/3 of the days present in the previous year,
1/6 of the days present in the year before that.