All Posts

Do you have the Online, or the Desktop software Wait for the original return to be completely processed. Here are steps to amend a current tax return. TurboTax Online On the Tax Home screen, scroll down to Your tax returns & documents and select the year you want to amend. Select the Amend (change) return dropdown,  Then Amend using TurboTax Online.  If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax Desktop instead. Continue through the screens, Make the changes you need to make, and carefully answer the remaining questions to finish amending your return. TurboTax Desktop Open the TurboTax Desktop software for the year you're amending.  Under Need to Amend a Filed Return?,  Select Amend a Filed Return. Select Amend for the return you need to amend.  If the return you need doesn’t appear as an option, select Find a Tax File to find and load the return. On the Do you need to change anything else screen,  Select Update next to the info you need to change. Continue through the screens,  Make the changes you need to make, and carefully answer the remaining questions to finish amending your return. Don’t forget to select Save As (or Duplicate on Mac) from the File menu when you save a copy of your amended return.  This will preserve the tax return you originally filed. Give the file a different name from the original, like [tax year]_TurboTax Online How do I amend my federal tax return for a prior year?

To file a new prior year tax return for 2023, 2022, or 2021, you will need to purchase and download that year's software since TurboTax Online and the mobile app are only available for the current tax year. See the link below to purchase and download the 2023 software.   File your 2023 taxes  

I am surprised that your second attempt at filing was not also rejected, since the IRS knows that you should have attached form 8962.    Yes, they will charge you interest on what you should have paid by April 15th.   In the meantime, create your amended tax return (1040X), and e-file it. This time, before you hit Send or File or whatever, take a deep breath and ask yourself, "Is this return correct?".   Although there is no deadline on this, you are motivated to do this sooner than later, because the 1040X and the payment with it will stop any further interest being charged.

Thank you so much for the quick answer.  So if the LLC deducts the health insurance premiums on the 1065 deduction schedule, that should be included in the K1 box 13 as code M?   I am having an issue understanding this because the health premiums are deducted PRE TAX on the 1065 and it allows me to deduct them on my personal taxes too??  

The options are the standard deduction and itemized deductions.  Your dependent would not likely have expenses to itemize, therefore the standard deduction would be the one to take.  Itemized deductions include medical expenses, charitable donations, mortgage interest, property taxes.  So since your 15 year did not likely pay them in an amount that was greater than her standard deduction, then she would take the standard deduction. 

The 1099-s are q whole family of forms, but a sample is as follows If you want a specific form please contact us again   You can [Edit] or add the 1099- DIV / INT by following these steps.   Under Federal Select Wages & Income Scroll to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) Click Add/Edit You will see previously entered 1099s If you already have it posted Select the 1099-INT you wish to edit Press the down arrow Select [Edit] If it isn't posted [+Add Investment]

TurboTax will determine whether you qualify for a deductible contribution to a traditional IRA.   Down the left side of the screen, click Federal. Down the left side of the screen, click Deductions & Credits. Click the down arrow to the right of Retirement and Investments. Click to the right of Traditional and Roth IRA Contributions.