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You tax return is good to go and can be filed; you should ignore that Blended Tax Rate number.    Take a look at this article that explains the marginal and effective tax rates.   These ratios are more commonly used and more useful to you as a taxpayer.     Blended tax rate = tax liability / taxable income, but as shown below, the number is a modified version of the effective tax rate, used only by TurboTax.     More detailed, the Blended Tax rate is:   Tax liability (Including SE tax, capital gain and special taxes),  Divided by  ÷ Taxable income (Total income minus deductions, but before credits).    There is a supplemental form included with your tax return titled Tax History.   Take a look at that page; the next to last line is your Effective Tax Rate.   You can see your rate has been about 8% since 2022.  So, there is nothing alarming on this year's return compared to previous years.  You can file your return with confidence!     

If you amended your 2023 return in August, 2024, and submitted additional payment at that time, there would be interest and late payment penalty charged, as well as underpayment penalty if applicable.   If you feel you have a basis for abatement of any outstanding penalties assessed, you can file Form 843. For more details, see the Form 843 Instructions.   The IRS may reduce an underpayment penalty if any of the following apply: You or your spouse (if you file a joint return) retired in the past 2 years after reaching age 62 or became disabled and you had reasonable cause to underpay or pay your estimated tax late. See Waiver of Penalty in Instructions for Form 2210PDF. You had most of your income tax withheld early in the year instead of spreading it equally through the year.  Your income varies during the year. Complete Form 2210, Schedule AI, Annualized Income Installment Method PDF(found within the form). The penalty for underpayment of estimated tax can also be removed to the extent that the underpayment is the result of a casualty, local disaster, or other unusual circumstance such that it would not be fair to impose the penalty.   See this IRS webpage for more information about conditions under which IRS may abate a penalty.    

I guess it could be because there's still carry over passive activity loss from previous years of the old property?    But it's quite confusing to list both the old (exchanged away)  and new (received from the exchange)  properties here. Can someone knows the matter provide some insights?    thank you.

Sorry for any confusion. This is a situation with dividends below $10 where no tax form was issued. I understand entering into TT in Box 1 as if I did receive a form, but wasn’t sure if it only goes into 1a or if there is something I should be calculating for Box 1b as well. 

Did you file your return using TurboTax and are wondering if your payment will be processed?   The date you selected to pay the federal taxes owed will be on the Filing Instructions page for the tax return.   To check your IRS e-file status, sign in to TurboTax, and go to Tax Home (if you're not already there). If you've submitted your return, you'll see a pending, rejected, or accepted status.   If you used TurboTax Desktop, follow these steps to check your e-file status: Open the File menu. Select Check E-file status. Or, go to the File tab and select the Check E-file Status header. See this TurboTax help article and this IRS webpage for more information.   Some tax returns take longer to process than others for many reasons, including when a return: Is sent by mail Contains errors or is incomplete Needs further review in general Is affected by identity theft or fraud Was referred to the IRS by the bank due to suspicious activity Includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit. See Q&A below. Includes a Form 8379, Injured Spouse AllocationPDF, which could take up to 14 weeks to process For the latest information on IRS processing timeframes, see their Processing Status Dashboard.    

In case it helps anyone, two things I've learned about line 2b on the Medical Expenses Worksheet.   1)  If YOUR math and TT's math differ by a few dollars, note that TT takes EACH month from your 1095-A entries and ROUNDS it up/down, as appropriate, to generate the values it populates into Form 8962.   2)  At least on the DeskTop version, Right clicking on the value TT places at line 2b of the Medical Expenses worksheet and then hitting "Data Source" brings up a dialogue box that tells you more about how TT does the math.  TT used to do a better job making the math more visible to us analytical types that want to see what's behind the Wizard of Oz curtain:-) 

I recommend that you compare the return that you prepared on the IRS website with the one you prepared in TurboTax to see where the difference is.  If TurboTax picked up something that you missed when preparing your return on the IRS website, you can Amend your return.   To preview your return in TurboTax, please follow these instructions: How do I preview my TurboTax Online return before filing?  

Thanks so much for the input, I appreciate it. When I moved to England, I changed my permanent address on all official US accounts (e.g. banks) to my parents home address in Texas. But I did keep my NY drivers license until I moved to VA in 2024. I guess it’s hard to know exactly what proof they would want that I truly “renounced” my NY domicile but it sounds like it may be safer to say part-year resident.