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THANK YOU SO MUCH!!! I have been using the forms trying to figure out our children's education expenses, but didn't catch on The Student Information Worksheet, Part VI Education Expenses, Qualified Elementary and Secondary Tuition Smart Worksheet, #18 used for credit the amount was defaulting to $10,000 for all my children when that amount should be $4,000. How are people supposed to catch the incorrect amount when they are using the step by step input? When I manual changed the amount on the form used for the credit to $4,000, none of my children's ESAs are taxable. Also, I was happy to see our 1099Q's transferred over from last year (since I can't add them this year), and I can manipulate them in the forms worksheet section to get our ESAs basis.  Turbo Tax has been doing from me on our return since we started taking distributions a decade ago. This is incredible complicated for a person not familiar with the additional worksheets in the forms section. Turbo Tax has always, and should still be doing these worksheets for your tax return in the Deluxe edition. You almost have to be a tax accountant to figure this out. I have an accounting background. Also, Pub 970 stated if you're using more than one QTP with an ESA you have to divide the expenses between the 2 distributions since you can't double dip on expenses. A lot of these calculations are complex especially if you have excess distributions with an education credit. Turbo Tax should continue to do these education worksheets for your tax return.

You clearly understand the e-file vs mail file so there must be a reason you aren't able to file.  For example:  a form isn't ready error in the state return the state is updating their filing system override in the system missing ID for the state system to match -need driver's license, prior AGI, etc.  Please go back to see if you have an e-file error, a review error, an override, missing information, etc. A first time IL NR filer, must paper mail. @Brad999 

No, Apple Health does not issue a 1095-A for Medicaid healthcare. It is possible to receive a 1095-B, which is not required to be entered on your tax return. Medicaid Coverage: If you had Medicaid for the whole year, you do not need to wait for a 1095-B or 1095-C to file your taxes, as Medicaid is considered minimum essential coverage.

Thanks @MarilynG1.   In 2024, I had 5 real estate investment K-1s. One of the partnerships sold all the real estate and closed, so I finally had a gain, which enabled me to use losses from the other K-1 investments. Below in line 2, you can see the total allowed loss differs between regular tax and QBI. Now for the first time, my QBI carryover and regular tax are different (QBI is lower) by the difference in line 2. Does that seem right to you?   Also, I had losses going back to 2022. Why didn't TurboTax use losses from earlier years? One of the forms said that it should be FIFO, but here it seemed to use the most recent years.  

There are two different PIN numbers used on a tax return.  There is a 5 digit Self-Select pin to e-file the return - if you filed with TurboTax last year, look for the Federal Information Worksheet on your 2024 return - they will be a 5 digit number that will be called a signature PIN.   If you get a 6 digit Identity Protection PIN either because your tax identity was used for fraudulent tax return activity or because you requested one from the IRS, please see Get an IP PIN for details on retrieving that.

As I go through your tax return, the only item that makes the change is to enter positive income on Schedule C for one of the businesses. It's not clear why there would be negative income, even if you are on the accrual method of accounting. The Gross Income would never be a negative number.    Review you return and provide details if you can assist you further.   @MPBreese 

You’re like a child trying to show your homework… Trust me, the people that are paying you to troll these forums. Don’t read your busy work either😂😂😂😂😂   i’ve been doing my taxes, including business taxes for over 30 years… Poor little guy… I realize I probably pay more in taxes than you earn in a year so you gotta do something as You’re not technical nor tax savvy… what do you get paid per post?  I’ll give you a chance to earn a few more points to a response I could care less about

Seems to me that Turbo Tax software should be smart enough to ask what type the accrued interest is and apply it towards the correct amounts instead of allocating the adjustment across lines 1, 3, and 8.  This happened to me as well and my return showed less in tax exempt interest (line 2A) and more in taxable interest (2B) than was on my 1099 causing AGI to be higher than it should.   Having to create a separate 1099 to handle this is ludicrous.   I, too, asked the expert why my adjustment amount was lower than what I entered.  I have yet to hear from him.  So thank you for posting your resolution, as no one will ever find it searching in Turbo Tax.  Thanks.

I need to change my 1065 and K-1's (already filed) & it is still before the March-15 deadline.  I filed the original via paper hard-copy.  My research suggests that it is preferable to file a "superseded Return" (rather than an amended return), but I cannot find explicit instructions on how to do so.  From what I have been able to discern, it sounds like I can print out the revised return and Write/Type "Superseded Return" on P-1 of the 1065 and also on Each K-1.  I believe I probably do not check the "Amended K-1" box.   Can anyone confirm that this procedure is correct?

It appears you were paid as an independent contractor for the work performed doing paperwork. For this reason you are considered self employed. You do have a choice to report the income as though you were an employee and the IRS will collect the employer share of social security and medicare taxes. You will pay your share  (half) also. This return will need to be mailed. How do I file a Substitute W-2 on Form 4852? Review Form SS-8 which is what the IRS uses to determine employee versus nonemployee.   Go through the W-2 entry section and enter the information from your last paystub. On the follow-up pages look for the page titled "Do any of these uncommon situations apply to this W-2?" Select "Substitute form - I didn't get a W-2 from my employer and need to complete a substitute form." This will take you through the steps to complete the Form 4852 so you can file your return. Continue to follow the screens and enter all requested information If you decide to file as self employed you can continue with the Form 1099-NEC entry.  If not, you should delete that form.

The information for the Trump account is entered at the final step of tax filing. You will be asked about this after you have entered your direct deposit information.  How do I set up a Trump Account in TurboTax?