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You can claim the interest deduction, if you meet the three requirements: You paid the interest You are legally obligated to pay it (co-signing counts) The student was your dependent, at the time the loan was used to pay for qualified educational expenses (the TT pop up says “when you took out the loan”) In TurboTax, enter the 1098-E as if it was your own. 

You can preview your tax return by going to:   On the menu bar on the left that shows. Select Tax Tools On the drop-down select Tools Tip: If you don't see the dropdown for Tools, Minimize the federal and state options using the down arrow. On the popup menu Select View Tax Summary On the left sidebar Select Preview my 1040. Schedules 1,2 & 3 are included if you scroll down past your 1040. To return to the entry screens press Back on the sidebar. Some key numbers on your 1040 tax return are: Line 9 - Total Income Line 11 - AGI Line 15 - Taxable Income Line 19 - Child Tax Credit Line 24 - Total Tax. Line 25 d - Withholdings. Line 26 - Estimated tax payments Line 27 - Earned Income Credit Line 28 - Additional Child Credit Line 33 - Payments including Credits. Line 34 - Overpayments. Line 37 - Tax owed.

To file an amended return, you can select the following in TurboTax desktop: Other Tax Situations Amend a Return under Other Tax forms You should be able to file it electronically.  If it does not allow you to, then you would need to print and mail

The same thing happened to me as a VA resident who works in DC and the employer withheld taxes for DC.  I have followed all the steps and requested a refund.  How do I report this refund to VA to pay taxes on the income mistakenly withheld in DC.  Would I need to complete a Virginia Estimated Income Tax Payment Voucher in this case?   Thank you,   David Williams

See the following TurboTax help article for information about how to file an extension:   How do I file an IRS tax extension?   Remember that this is an extension to file your return, but not an extension to pay any taxes owed.  That must still be done by the due date of April 15, 2025.  

You would report this just as self-employment income.  To enter your self-employment income select the following: Federal Income and Expenses Show More next to Self-Employment Start next to Self-Employment Yes, to you have any self-employment income or expenses Enter the type of self-employment work you do and you can select that you use your name for your business Click through a few more screens and you will get to a screen that says "Your XX info" Click Looks good Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Here is where you will enter the money you receive. If you do not select one, it will not let you enter your income Enter your self-employment income on the next screen Continue and on the next screen click add expenses This income will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to SE Tax.  If you did not pay SE Taxes in 2024, and if you plan to do this again in 2025, it may be a good idea to make  quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.

If you had no self-employed income in 2024, there no need to file a Schedule C and you should delete it form your return.   To delete it, please follow these steps:   In TurboTax Online, open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center  page, click on Delete a form  A list of forms will appear. Locate Schedule C and click Delete next to it. On the next screen, click Delete Form

To clarify where do you see that the penalty was calculated twice? If you have two Form 5329 then please be aware one is for the taxpayer and one is for the spouse.    Did you take all of your RMD for 2024? If yes ten please review your answers to the RMD questions:   Click on "Search" on the top right and type “1099-R” Click on “Jump to 1099-R” and enter your 1099-R Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen Continue until "How much of this distribution applied to your December 31, 2024 RMD?" screen and select "The entire distribution was an RMD" /or select "Only part of this distribution was a RMD" and enter the amount of RMD (if this distribution includes RMD for other IRA accounts then you included the amount here) On the "Here's your 1099-R info" screen click "Continue" On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD" if you met all of your RMD for 2024, otherwise select what is applicable.