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I interpret it to mean that if you earned interest on an account and it is OK to take advantage of that earned interest without paying a penalty for early withdrawal -- even if you didn't withdraw the earned interest -- then you need to declare it as income for the year in which it was earned.   Perhaps the financial institution in which you earned the interest would issue a 1099-INT if you withdrew interest from the account.  Therefore you would be complying with the regulation and you would be able to properly declare the interest withdrawn in the current tax year since you'd have the 1099-INT.   But if you did not withdraw the earned interest I don't believe the financial institution would issue a 1099-INT (?). Therefore you would not have a 1099-INT to cover the interest since it wasn't withdrawn.  You'd have to create some sort of substitute 1099-INT.............  Which would be awkward.   The regulation is not worded well enough to be adhered to.

The sale of Qualified Small Business Stock (QSBS) eligible for the Section 1202 exclusion can be entered in TurboTax Business for Form 1041 using Forms Mode.   Open your return and click the Forms icon in the TurboTax header.  In the list of Forms in My Return on the left, scroll down and look for Schedule D. Click the form name to open it in the large window.  If no Schedule D transaction has been entered, use the Open Form icon above the list of forms. Search for Schedule D, click the form name, then Open Form. Scroll down to the Exception Smart Worksheet. Check the Yes box on Line A. Enter a description on Line B. Check "No" on Line B(1). Enter the sales information under column (b) Long-Term. TurboTax will calculate the unadjusted Gain on Line 5. You will need to enter the Section 1202 adjustment on Line 6 as a negative number. The program will calculate the Adjusted gain on Line 7 Enter "Q" on Line 8. The transaction will appear on Form 8949 as well as Schedule D. Be sure to attach a copy of the sales confirmation. When you're finished, click Step-by-Step in the header to return to the main screens. @Penny20

The 1040SR is EXACTLY the same as the regular 1040 just larger type so it goes on 3 pages with the Standard Deduction chart on page 4. But it has the same line numbers. You automatically get the 1040SR if you or your spouse is 65 or older. It doesn't matter which one you file. See the instructions are the same for both the 1040 (and 1040-SR) https://www.irs.gov/pub/irs-pdf/i1040gi.pdf In the Online version it will show the regular 1040 on the screen but if you print it out or save the pdf it will be the 1040-SR.   If you are using the Desktop program and look at it in Forms Mode it shows the 1040 but if you print it out it will be the 1040SR. There is a way to force the one you want. You can turn off the 1040 SR and save it as the regular 1040 form. Switch to Forms Mode and open the Info Wks. Scroll down to Part II Address and Federal Filing Status. There is Print Form 1040-SR instead of Form 1040 - Yes or No. If you really want to use the regular 1040 in the Online version, you can print your return and copy the amounts into a blank 1040 (link below) from the 1040SR. But then you will have to print and mail it. https://www.irs.gov/pub/irs-pdf/f1040.pdf  

To see your fees, click on Tax Tools on the left side of the screen. Then click on Tools. You will see My Fees in the center of the screen.    If you want to downgrade, this FAQ will tell you how: How do I downgrade to a different TurboTax Online product?

 One thing.....After you get the program installed or reinstalled the first thing to do before you open your tax return is to update the program and install any state programs you had. Then open your file. So you first might need to start a fake return to be able to download the state program (go to FILE - NEW). Enter some basic information, then go to the state tab and download the state program. Then try to open your existing return, go to FILE - OPEN

Over age 59-1/2, no.   If you want to withdraw before age 59-1/2, you can withdraw contributions tax-free, but withdrawal of earnings is subject to income tax plus a 10% penalty.  You have to certify on your tax return that you are withdrawing contributions only, no proof is needed at that time.  But if you are audited, you will have to prove your contributions. 

for a single member, there is no K-1. You report the LLC activity directly on your 1040.  Multimember you'll need Turbotax business to file the business return and generate k-1s  https://turbotax.intuit.com/small-business-taxes/cd-download/ 

That is not the feature we want. TurboTax had the feature we wanted already and it was removed. Like so many others here, this will be the first time in 20 years I won't be an intuit customer. This single reason. Bye!

If the IRS feels like there is a mistake on your tax return they will adjust the amount of your refund and then send you a letter notifying you of the changes that were made.   If you don't want to wait for the letter to arrive you can check to see what changes were made to your return in your online account.  Here is where to log in or create your online IRS account.   @wesleymanfull54