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GM45:  Yes, thank you someone did help me.  Somehow I was able to post my own "new" question for the 2024 tax year.   This is what was written to me regarding the tax withheld.  Hopefully it helps someone else too:   You don't need to enter the withheld taxes when you enter the 2025 Form 1099-R with code P and J on the 2024 return. The withheld taxes will be applied on your 2025 return since the withholdings are reported in the year that the tax was withheld. Therefore, you will add the 2025 Form 1099-R on the 2025 return too. The 2025 code P will not add anything to your income in the 2025 tax return but the withholdings will be applied to 2025.  

To find the Community Service Contribution Credit Certificate Number, follow these steps: The certificate number is typically provided by the organization to which you made the contribution. Reach out to them directly to request the certificate number if you haven't received it. Review any documentation or receipts you received when you made the contribution. The certificate number should be listed there. Note  If you are claiming a new community service contribution credit for contributions made this tax year, you will receive an approval from the community organization eligible to offer this credit. This approval may be an approved tax credit application or a tax credit certificate. Be sure to keep a copy for your records as the Kansas Department of Revenue reserves the right to request any certifications or copies of written agreements as necessary. For more detailed information, you can check out these resources: Kansas.gov: K-60 Credit   Reach back out if you meant something else

Yes, you may be able claim the interest paid on Parent PLUS loans on your taxes, even if your child files their own taxes. Here’s how it works: Eligibility: To claim the deduction, you must be legally obligated to repay the loan and must have made the payments yourself. Since Parent PLUS loans are taken out in your name, you meet the criteria. Deduction Limits: You can deduct up to $2,500 of interest paid on qualified student loans, including Parent PLUS loans, each year. This deduction is an adjustment to income, meaning you can claim it even if you don't itemize deductions Income Phaseouts: The deduction is subject to income phaseouts. For 2024, the phaseout begins at $75,000 for single filers and $150,000 for married couples filing jointly. If your modified adjusted gross income (MAGI) exceeds these limits, the deduction may be reduced or eliminated Your filing status affects eligibility. The deduction is unavailable if you file as “Married Filing Separately” or if you can be claimed as a dependent on someone else’s tax return. For more detailed information, you can check out: Accounting Insights: Can You Claim a Parent PLUS Loan Tax Deduction?

On turbotax self employed version it says: Your capital losses so far $10,341 $3,000 of these losses are deductible this year. The rest will be carried forward to next year's taxes. repeat, it says "$3000 of these losses are deductible this year". So why didn't i get a reduction on my income? Is there a section on turbotax I need to enter to claim this $3000 loss on my income?

I have a similar fact pattern, had trees that were uprooted by Hurricane Helene and also a damaged dirveway / cart path.  I have paid invoices from the contractors from the tree removal and for the cart path repair.  Insurance payments were zero as it was deemed not covered.  In this scenario, would I enter the amount of the contractor invoices as the cost basis, insurance reimbursement as 0?  Also, on the next screen in Turbo Tax, what do I enter for the FMV Before Loss and for the FMV after loss? Assuming I enter the contractor's invoice value as the value for FMV Before Loss and enter 0 for FMV After Loss - is that correct?

Yes, you can deduct the capital gain.   Individual taxpayers can deduct qualifying gains receiving capital gain treatment that are included in Federal adjusted gross income. “Qualifying gains receiving capital treatment” means the amount of net capital gains, as defined under Internal Revenue Code Section 1222(11). The qualifying gain must result from the sale of real or tangible personal property located within Oklahoma that has been owned for at least five uninterrupted years prior to the date of the transaction that gave rise to the capital gain. 2024 Form 561 Oklahoma Capital Gain Deduction

Did you click that big orange button that said “Transmit my return now?”  If you did that, you cannot do anything to fix it yet.  You have to wait for the email that tells you if your return was accepted or rejected.   You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.     If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed

Not sure which tax forms you are referring to.   Tennessee does not levy a state-level income tax on personal income.     Individuals are not subject to income tax on earnings.   If this does not completely answer your question, please contact us again and provide more information.

You won't be able to import without the W-2.  You also need the Box 1 wages.     You can contact your former company's payroll department to help you obtain your W-2.  The IRS will also assist you, you can contact the IRS Taxpayer Assistance Center here: Taxpayer Assistance Center Office Locator   Here is an article with more information: What To Do If You Haven't Received a W-2