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It depends. Generally, excise taxes can't be deducted on your personal return. This includes things like fuel taxes and excise taxes paid to your city or state when you sell your home.   However, some states and localities erroneously label excise taxes as personal property taxes, which may be deductible. For example, some states refer to certain vehicle registration fees as an excise tax.   Excise taxes imposed on personal property (vehicles, campers, boats, RVs, etc.) are an allowable deduction if two conditions are met: The excise tax is determined by the property's value, usually a set percentage. The excise tax is imposed annually. Your best option is to contact the company that sent you Schedule K-1 to determine why they paid excise taxes. If this tax meets the requirements for personal property taxes, you would enter this under Deductions & Credits >> Property (Real Estate) Taxes.

Paid all owed taxes quarterly except the roth was done (timing) in Dec and paid the taxes owed (shy $150) in December. so just 4Q was short.  Some how the roth amount was spread across each of the earlier quarters which caused the taxes to be under for prior quarters. Why is is prorated backwards when conversion was done in Dec?

Any taxpayer who needs to correct their original tax return can file an amendment. You can amend your tax return to include your Form 1098-T because you may be eligible for education credits.   Don't make any changes until your tax return is fully processed, which means you have received your refund or if you have a balance due, it's deducted from your account. If your tax return is pending, don't make any changes.    Follow the instructions below to prepare your amendment using TurboTax Online:   Open TurboTax. Scroll down to Your tax returns & documents and select 2024 for the year you want to amend. Select Amend (change) return, then Amend using TurboTax Online. On the screen OK, let's get a kickstart on your 2024 amended return, select the reason. On the next screen, select Something Else and Continue. On the screen Tell us which 2024 return(s) you want to amend, select 2024 Federal or State. TurboTax will guide you through the screens to prepare your amendment. For further information review the TurboTax articles: and Video: How to Amend Your Tax Return. For more information and instructions, review the TurboTax articles  How to Correct Federal Tax Returns, How to File an Amended Tax Return with the IRS and  Video: How to Amend Your Tax Return.   For more information, refer to the TurboTax articles What Is the American Opportunity Tax Credit? and How do Education Tax Credits Work?  

If you get a penalty on 1040 line 38, you might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210. How to add form 2210 for Underpayment Penalty https://ttlc.intuit.com/community/tax-payments/help/how-do-i-add-form-2210/00/25703   It's under Federal tab or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button

Generally, college students (dependents on their parent's tax return and non-dependent's) are still residents of their home state until they change their residency. If your student is present in CA for a temporary purpose (college), CA doesn't consider them a resident.   Refer to CA FTB website Residency status for additional information.    

The following TurboTax help article will outline the time frames allowed for amending a tax return.  In general, you have up to three years after you filed the original return to file an amended return.   What is the deadline for filing an amended return?   If you are amending to request an additional refund, be sure to file before the deadline because otherwise any additional refund will be forfeited.    

Did the Roth conversion (total amount) in Dec, one time, and Paid the full taxes on it in Dec same year.  There were no estimated payment made as I did not know until the end of the year that I would make the roth conversion. a dilemma!