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If you did not file yet and you did not request an extension, it is too late to remove that additional excess via "excess plus earnings" . The deadline was  April 15, 2025.   You must file 2024 Form 5329 and pay the 6% penalty and have custodian remove the new excess by distribution of exactly that amount. any earnings on the new excess remain in the Roth IRA.   @Taxdog_2025 

Yes.  The tax treaty specifies that dividends paid by a company which is a resident of a Contracting State to a resident of the other Contracting State may be taxed in that other State. However, such dividends may also be taxed in the Contracting State of which the company paying the dividends is a resident, and according to the laws of the State, but if the beneficial owner of the dividends is a resident of the other Contracting State, the tax so charged shall not exceed:    (a) 15 percent of the gross amount of the dividends if the beneficial owner is a company which owns at least 10 percent of the voting stock of the company paying the dividends;    (b) 25 percent of the gross amount of the dividends in all other cases.    

W-2’s come from employers.     ALL of your W-2’s must be entered on the SAME tax return.     Go to Federal>Wages & Income to enter a W-2. After you enter the first one, you click Add Another W-2.     W-2's come from your employer, and they have until January 31 to issue it.  Some employers allow you to import the W-2 through the software, but for security reasons you still need information from the actual W-2 to import it. Some employers have payroll sites that will have your W-2. You might need to phone, drop in, email and/or snail mail an old employer to make sure they know where to send your W-2.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/get-copy-w-2/L8FTim9MO_US_en_US?uid=m68ee4os   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-enter-w-2/L55HzdeDr_US_en_US?uid=m68efe36   You can get a wage and income transcript from the IRS:  It will not show the actual W-2, 1099’s, etc, but will show the income information the IRS received.  It will not, however, show your state information. It will only show the federal information. https://www.irs.gov/individuals/get-transcript  

S corp shareholder basis is tracked on IRS form 7203 which is included within the screens for the IRS Schedule K-1 (1120S).   The form takes into account gains, losses, distributions among other things.   Form instructions are here.        

The Child tax credit is on line 19 of your form 1040 and the Additional Child Tax Credit is on line 28.   The Child Tax Credit is a non-refundable tax credit while the ACTC is refundable.   Please read this TurboTax article for more information.

The maximum amount of the refundable Child Tax Credit  --- called the Additional Child Tax Credit -- is $1700.   You cannot get back more than $1700 per child.  You might not get the full $1700, depending on how much you earned.   Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2024 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   Have you entered income from working in 2024?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you can get—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2024, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents       PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28    

You can report only your share of the dividends on your tax return. Keep the 1099-DIV with your tax files and notes about your share and the amount you reported.  If you want to file actual nominee information with the IRS you can do that with the information below. You can file using e-file. The information below is an option if you want to eliminate any question at the IRS.   Nominee Returns.  This is how the IRS knows what you are doing. Generally, if you receive a Form 1099 for amounts that actually belong to another person or entity, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received).  You must also furnish a Form 1099 to each of the other owners.    File the new Form 1099 with Form 1096 (this is a transmittal for the 1099) by mailing to the Internal Revenue Service Center for your area. (Provided on the Form 1096) On each new Form 1099, list your deceased mother as the payer and the other owner, as the recipient. On Form 1096, list your deceased mother as the nominee filer, not the original payer.  The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner. The forms filed with the IRS should be the red copy (use the form(s) needed) so if you don't have a color printer, go to the IRS website to fill in and print the forms here: :  Form 1096 Form 1099-DIV @crabshell 

I have attempted to reach them to get a better understanding as to why I was charged such an excessive amount. Unfortunately, I still don’t have an explanation. I have used Turbo Tax for well over a decade and this is the first time I have left in a state of confusion. I do thank you for your response.

you're the second poster to state that you e-Filed a 2023 1040-X. most of the gurus here say it cannot be done.   What PIN? Do you mean 2024 IP PIN? Why can't you edit ? To resubmit a REJECTED return, go through the FILE steps again.

A 2023 amended return cannot be e-filed.  You have to file it by mail.  Only certain tax professionals with professional tax software can e-file past year returns.  Your amended 2023 return must be printed, signed and dated in ink, and mailed to the IRS.   Use a mailing service like certified mail so you will know the IRS received it, because you will have a long wait.   Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1