From the information you submitted, yes, he may be claimed as a dependent. For tax purposes, you can claim your child as a dependent if they meet the following requirements: 1.    The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them. 2.    The child must be (a) under age 19 at the end of the year and younger than you (or your spouse, if filing jointly), (b) under age 24 at the end of the year, a student, and younger than you (or your spouse, if filing jointly), or (c) any age if permanently and totally disabled.  3.    The child must have lived with you for more than half of the year. Note: Absences while away at school do not count as 'not living with you'.  4.    The child must not have provided more than half of his or her own support for the year.  5.    The child must not be filing a joint return for the year (unless that return is filed only to get a refund of income tax withheld or estimated tax paid).  If your child is a college student, click here to enter Education Expenses (Form 1098-T Tuition):  How do I enter Form 1098-T?   Regarding your child's income tax return: Your single dependent child must file a return if any of the following apply: They earned more than $6,300. They have more than $1,050 of unearned income. Unearned income is money that you get without working like interest and dividends.  Their gross income was more than the larger of (a) $1,050 or (b) your earned income (up to $5,950) plus $350. They had net earnings of at least $400 from your business or self-employment. They had tax taken out of your paychecks and you want it back. Create a new account for your child. Click on How do I start another return in TurboTax Online? TurboTax Online   has a Free version they may be able to use. If they choose to complete an income tax return, it is important that they choose the following options:  Someone else can claim me as a dependent on their tax return and  And this person will claim me on their 2016 tax return. See the screenshot below. To enter the W-2: Type W-2 in the search bar and click search. Click on Jump to W-2. Enter the W-2 information. ... View more

Yes, you can. Click here for additional information: Can I save my return and come back later? ... View more

Yes, your daughter would file her own income tax return to get a refund.  If your daughter got a W-2 for 2016 and had federal income tax withheld , she should file a federal income tax return to get money back (refund).  TurboTax Online  has a Free version you may be able to use. If she chooses to complete an income tax return, it is important that that she choose the following options:  Someone else can claim me as a dependent on their tax return and And this person will claim me on their 2016 tax return. See the screenshot below. To enter the W-2: Type W-2 in the search bar and click search. Click on Jump to W-2. Enter the W-2 information. ... View more

Yes, she may be your dependent and you may claim her if she meets the "Tests To Be a Qualifying Relative": A dependent doesn't always have to be your child. Dependents come in all shapes, sizes and relationships. If all of the statements below are true, you can claim them as a dependent. Relationship: The person lives in your home for the entire year and is considered to be a member of your household. If they don't live with you, they need to be related to you. Income: Generally, their income is less than $4,050 (not including Social Security and welfare). Support: Generally, you provide more than half the person's support. Marital status: Generally, a dependent can't do their taxes with a spouse (married filing jointly). They also can't be a dependent on someone else's return. Nationality: The person is a United States citizen; or a resident or national of the U.S., Canada or Mexico. Still not sure? We'll ask you questions in TurboTax to help you figure out who you can claim as a dependent. Related Information: Does a dependent have to live with me? What does "financially support another person" mean? Can I claim myself or my spouse as a dependent? Can I claim my parent as a dependent? Who can I claim as my dependent? ... View more

401(k) Rollovers show as income but are not taxable. Turbotax will show the distribution on Form 1040 Line 16a (for Pensions and Annuities) with the word ROLLOVER next to it, and there will be no tax consequence. Please see the screenshot below that shows the screen, in TurboTax, where you would show the rollover designation. In TurboTax, jump directly to the entry screen for Form 1099-R: 1.    In the TurboTax search box, enter 1099-r (with the dashes) and press the Enter key, Then click on the jump to 1099-R link. 2.    On the Your 1099-R screen, check the Yes button by Did you have any of these types of income in 2015?, then click Continue. 3.    Follow the prompts to either import or enter your RRB-1099-R form and finish the interviews.  Important:  if a Form 1099-R box is blank, leave the box blank in TurboTax! Do not enter a "0" (zero). Be sure to answer the question that you moved the money to another retirement account (this could be the same retirement account). If you had tax withholding on Form 1099-R box 4, you will get it back as either a refund or when it is applied as withholding for tax owed (liabilities) on your Form 1040. ... View more

If the major repairs are improvements, you must capitalize (depreciate) any expense you pay to improve your rental property. See instructions below on how to enter.  An expense is for an improvement if it:  Results in a betterment to your property. Restores your property. Or adapts your property to a new or different use. A rental expense is an expense that must be both ordinary and necessary. Their useful life is generally less than one year. Rental expenses are deducted in the current year. For example, light bulbs, paint, furnace air filters.  See instructions below on how to enter.  Assets  have a useful life of more than one year and must be depreciated over their useful life. For example, furnace, flooring, windows. Some assets may be deducted in the current year, depending on current tax law.  How to enter income and expenses from a rental property: With your return open in TurboTax, search for the word rentals in the search box. Click Jump to rentals in the search result. Answer Yes to the question Did you have any rental or royalty income and expenses? Follow the on-screen instructions as you proceed through the rental and royalties section. We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)  Eventually, you'll come to the Rental Summary screen which is where you enter your: Rental income Rental expenses Capital assets and depreciation Vehicle expenses Additional information: Where do I enter income and expenses from a rental property? https://ttlc.intuit.com/replies/3288530 What kinds of rental property expenses can I deduct? https://ttlc.intuit.com/replies/4209856 ... View more

Please see the information on how to enter the sale of an inherited home. You would report 1/5th of the sale proceeds. Please pay special attention to the cost basis of the property.  The sale of an inherited home is entered in the investment section of TurboTax. Follow these instructions: Open your return in TurboTax. In the search box, search for sold second home (use this exact phrase) and then click the "Jump to" link in the search results. Answer Yes on the Did You Sell Any Investments? screen. If you land on the Here's the investment sales we have so far screen, click Add More Sales. Answer No to the 1099-B question. On the next screen, select Second Home (choose this also for inherited homes) or Land. Click Continue. Follow the on-screen instructions to completion. The basis of property inherited from a decedent is generally one of the following: The fair market value (FMV) of the property on the date of the decedent's death. The FMV of the property on the alternate valuation date if the executor of the estate chooses to use alternate valuation. See theInstructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return. Report the sale on Schedule D (Form 1040), Capital Gains and Losses, and on Form 8949, Sales and Other Dispositions of Capital Assets: If you sell the property for more than your basis, you have a taxable gain. For information on how to report the sale on Schedule D, see Publication 550, Investment Income and Expenses. ... View more