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How were the investment expenses reported on Schedule K-1? The instructions for that box and code should allow you to report these expenses on Schedule E page 2.   See IRS Instructions for Schedule K-1 (Form 1065).

The IP PIN (Identity Protection PIN) is a 6-digit number that the IRS provides to taxpayers to validate their identity.   Follow the instructions in the TurboTax article How do I add or remove my 6-digit IP PIN? to enter your IP PIN in the correct spot.

IRS form 7203 Instructions, page 2, states:   Item C    When a shareholder has a different basis in different blocks of stock, pass-through items are generally allocated pro rata to all shares, regardless of their different bases. If there is a partial stock sale or partial redemption, you may file more than one Form 7203 and provide a description of what period the form covers. See Regulations section 1.1367-1(b)(2) and (c)(3) for details

To enter, edit or delete a 6 digit IP PIN Click on Federal Taxes (Personal using Home and Business) Click on Other Tax Situations Scroll down to Other Return Info On Identity Protection PIN, click the start button

To help avoid having a balance due next year is to understand that taxes are a pay as you go system.  This means that as you make money, you pay taxes on that money.  It's either deducted from your pay or you can pay quarterly estimated taxes to the IRS or your state.   If you are paid on a W-2, you can change your withholding by completing a W-4 form. The W-4 form is used to provide information to your employer so that they can determine how much to withhold from your paychecks.   Refer to the TurboTax Blog Understanding Your Withholding Allowance on Your Form W-4 and What Is a W-4 Form? for more information.     Review the TurboTax articles for more tips to lower your tax liability for next year:  7 Best Tips to Lower Your Tax Bill from TurboTax Tax Experts   5 Ways to Reduce Your Taxes for Next Year   Form W-4 and Your Take-Home Pay

There are 2 steps to a backdoor conversion performed in 2024- First enter the nondeductible contribution in the deductions and credits, then enter the conversion from 1099-R.  If you enter the 1099-R first, there won't be any basis from the 2024 contribution that can be recognized since it wasn't entered yet.   Here are the steps to report a backdoor Roth in TurboTax Online, from How do I enter a backdoor Roth IRA conversion?:   "Step 1:  Enter the Non-Deductible Contribution to a Traditional IRA Go to Deductions & Credits On the Your tax break screen, locate and select the Retirement and Investments section, then select Start or Revisit next to Traditional IRA and Roth IRA. On the Traditional IRA and Roth IRA screen, check the Traditional IRA box and select Continue. On the Is This a Repayment of a Retirement Distribution? screen, select No. On the Tell Us How Much You Contributed screen, enter the amount contributed and select Continue. On the Did You Change Your Mind? screen, select No, then answer the questions on the following screens. When you reach the Choose Not to Deduct IRA Contributions screen: Select Yes, make part of my IRA contribution nondeductible. Enter the amount you contributed. If none of your contributions can be deducted, you won't see the option to make part of it nondeductible. Instead, you will see the message Income Too High To Deduct an IRA Contribution, and the full amount of your contribution will automatically be nondeductible. Select Continue. On the Your IRA Deduction Summary screen, review the info and select Continue. Step 2:  Enter the Conversion from a Traditional IRA to a Roth IRA Go to Wages & Income. On the Your income and expenses screen, locate and select the Retirement Plans and Social Security section, then select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R). Answer Yes to Did you get a 1099-R in 2024?, then Continue. If you land on the screen Review your 1099-R info select Add Another 1099-R. Select how you want to enter your 1099-R (import or choose Change how I enter my form to either upload it or type it in yourself) and follow the instructions. Answer the questions on the following screens, until you reach Tell us if you moved the money through a rollover or conversion. Select I converted some or all of it to a Roth IRA and Continue. Next, choose Yes, all of this money was converted to a Roth IRA and Continue.. Continue answering questions until you come to the screen Review your 1099-R info."

I had this problem filing online today and had to scroll down to this uneditable form look at the 4 quarterly fields, do the math for the total they were looking for, subtract the 3 field value totals I couldn't edit from the total, and add the remainder in the 1 quarterly field that I could modify.  And it finally took it - crazy...

I have found that information in Fidelity Net Benefits has to be entered manually. TurboTax carries this information over from the previous years so there are only a few numbers you have to enter, although the first time is a pain. Information in the regular Fidelity accounts (IRAs and brokerage) is imported without any issue.

The IRS defines  earned income. You can use IHSS income for child tax credit and earned income credit, if you qualify. You have the option to exclude the income as well. If you need to enter an income in box 1 you can enter $1 and then exclude the income. @Shorouk     

hey @depakk -- Same situation. I'm actually curious what you did here? I'm thinking of entering locality info of "NEW YORK CITY" under NY row rather than NJ. But I'm curious about what you did for the local tax + local wages portion.   Should those also apply to NY instead?

I can't comment as to the benefit/risk of putting a rental property into an LLC or S-Corp.  Your financial planner or attorney would be your best resource for your individual situation.   You can report your rental income not on a 1099-Misc from the Rental Income page in the interview.  The amounts are all added together for Schedule E.   @RP777   

To report and IRS form 1098-T in TurboTax Online, follow these steps:   Down the left side of the screen, click on Federal. Down the left side of the screed, click on Deductions & Credits. Click to the right of Education. Click to the right of Expenses and Scholarships (Form 1098-T). @mary-robinson914   

If your business wasn't not operational in 2024, then you won't need to report your business yet until it becomes operational.  The expenses you have to get your business started are called start-up expenses.  For Start-up Business expenses, you can deduct them in the year your business is operational.  If your business won't be operational until 2024, you can wait to deduct the expenses when the business starts.     If you would like to see more information about Start-ups, see the TurboTax help article below: Start-up business tax tips