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Thank you for quick response Dave. this is what I did. I removed 1099 MISC I received and added that as part of miscellaneous income to offset the negative rebate but Turbotax still can't let me e-file. it still shows me an error when I try to e-file it. What happens if I don't report the realtor rebate in tax return?. I will completely delete the entries from miscellaneous income. Please advice. Thank you in advance!

You can use the IRS website ID.me to request it. This IRS issued PIN is 6 digits long. Your signature ID (also called a self-select PIN) is a random 5-digit number you entered last year, right before you submitted your return.

Just to clarify - my husband was no longer an employee when he received the commission pay out.    So should we contact the former employer to have the W-2 reissued and what if they do not respond or refuse to issue a new W-2 before the tax deadline (since we are only 5 days away from 4/15/25)?  Do I got ahead and file my taxes and report the income as you suggest in your initial response?  Or do I need to file for an extension until I hear from the former employer.     Thanks for the additional assistance.

You can fix the reject you received and refile.   Here's how you can fix it:  Sign in to your account and select the Fix my return button. Follow any “fix it” instructions to update the information causing the rejection.    Note: Not all rejections will have explicit guides to fix the information. You’ll need to navigate to the program area to address the cause of the rejection.    Time-saving Tip: If what you originally entered is correct, you won't be able to e-file. There's probably a data mismatch at the government, a dependent that's already been claimed, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return. This article will give you instruction on how to print and mail your return.    Additional reject instruction here. 

Please clarify your question.   I'm not sure of what you did? Did you cash the check? If not, what did you do with it? Please contact us again to provide some additional details.       

For IRS Schedule K-1 (1065), at the screen Enter Box 20 info, select code Z Section 199A information.  A value does not have to be entered.   Then click Continue.   At the screen We need some information about your 199A income, click the box to the left of the item to be entered.  An entry box will open.  You will be entering:   Ordinary business income (loss) from this business, Enter the value(s) provided by the preparer of the K-1 and attachments for the qualified business income deduction to be calculated.

Correct.  If he is not a student or totally and permanently disabled, UNLESS his income is less than $5.050 you cannot claim him even if you are fully supporting him.   If his income is less than $5,050 you can claim him even if he is not a student or disabled. 

It depends on what kind of code you have.   If you have a License Code, this is for Desktop software; and if you have an Activation Code, this is for Online software.   These are different software's and codes from one cannot be used in the other one.    For TurboTax Online, you can activate your code to your account on this link.    For TurboTax Desktop, you can download/install your software from this link. 

Here are three things to do before you begin: Make sure you really need to amend. Wait until your return has been accepted (or mailed if paper filing). Use the same TurboTax account you used to file your original return. You must use the edition of TurboTax Desktop for the year you're amending. For example, you must amend your 2024 return in TurboTax Desktop Business 2024. To Download TurboTax Desktop for Business see below: Go to Access my downloads and sign in with the same user ID you used to purchase your software On Your TurboTax account, select the Downloads tab Select the version you want to download and save it somewhere on your computer where you can find it   Then to amend an S-Corp follow these steps:   Open TurboTax. On the Work on a Tax Return screen, select Amend a Return. Select the return you want to amend. On the Amended Return screen, select Yes. Select the tax year that you would like to change. Proceed through the rest of the amended return, making any other changes as needed. When you reach the File tab, continue through the steps to e-file or print and file your Form 1120-X. Save the amended return for your records with a different name than your original return. TurboTax Amend Article  

Thank you for your insights, MarilynG1. Although I have some foreign interest and dividends, they are significantly less than the loss incurred from selling stocks. After considering your and Dave's advice, I'm inclined not to report these stock sale transactions, as I don't intend to claim the loss twice—once in India and again in the US.