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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?  

Since you feel strongly about the 2210, I recommend you file without the form.  NJ will determine the amount and send you a bill.  NJ does not change a fee or a penalty to file without the form. You do meet the 80% of prior year liability test but had a significant payment in the 4th quarter. Interest calculated for days when taxes should have been paid (prior quarters) could be adding to your total.