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Great news 🙂   The Title Company finally submitted a Corrected 1099-S showing $0 for Gross proceeds (Box 2) to the IRS.   Just checked my 2023 IRS Wage and Income Data sheet and it shows both the original 1099-S with $55,000 for Gross Proceeds and the Corrected 1099-S with $0 for Gross proceeds.   I think I'm good to go!   I can finally complete my 2023 Tax forms...   Though I'm not quite sure if I should include both 1099-S forms in my 1040 form or just the Corrected 1099-S since the second 1099-S (corrected one) is practically overriding the original 1099-S for $55,000.   I could use some help 🙂   Thanks          

No, that is not eligible for a federal tax credit, but you can use 529 funds towards private school tuition.   This article provides some more information: Tax Tips When Sending Kids to Private or Public Schools

Sorry no one can call you.  Do you have any specific questions?   What version did you use?  If you used a paid version you can call  support.   How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991   If you efiled was it Accepted? When you efile you get back 2 emails. The first email only confirms the transmission. The second email says if the IRS (or state) Accepted or Rejected your efile. Check back though your emails and spam/junk folder. When you log into your account you should also see the status and if it was Accepted or Rejected, Started, Printed, Ready to Mail, etc. What does it say?  

Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference may need to be reported as taxable income. My question is about how to handle this in TurboTax. It asks me two things: “This is not what (me) paid to this school.” I’m not sure whether I should check this box, since I didn’t pay out of pocket—everything is managed by the university, and I only receive a payslip. When I check that box, it then asks me to “Enter the full amount of tuition paid to Georgetown University. Include all amounts paid by me, someone else, scholarships, fellowships, and student loans.” I’m not sure if this is the right step or what amount I should enter there. I’d really appreciate your help in clarifying this! Thank you. 

Here are the steps in TurboTax Online:   Navigate to Federal > Wages & Income > Self-employment income and expenses Edit your business  Choose the pencil to edit Vehicle category, then choose to edit the vehicle in the Vehicle Summary  Continue through the interview until you are asked about mileage, and edit the answers you want to change.

My issue is that the software is showing the Gross Income limit as a negative number???   I saw other posts that said the software was using the wrong data source and a patch was pending.  I hope it gets fixed soon.

The tax payments worksheet can be done anytime, and updated quarterly as your income changes (grows!!).  Can also go to NY State's website and set up your Estimated payments for 4/15, 6/15, 9/15 (and before any weekends) and hopefully have your 2025 taxes paid off by then September so you avoid late fees and have money left for the Holidays.  The Jan 15th one should just a review and minor adjustment.      Overpaying and rolling it over to the next year is also how one avoids stress and late payment fees. 

According to y our example  you would have 10,000 loss carry over to year 2.   13,000-3,000=10,000 not 7,000.   You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year.   So  you can use up all the 10,000 Carryover Loss  to the 18,000 gain and only have  8,000 taxable gain on your tax return.   

Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference may need to be reported as taxable income. My question is about how to handle this in TurboTax. It asks me two things: “This is not what (me) paid to this school.” I’m not sure whether I should check this box, since I didn’t pay out of pocket—everything is managed by the university, and I only receive a payslip. When I check that box, it then asks me to “Enter the full amount of tuition paid to Georgetown University. Include all amounts paid by me, someone else, scholarships, fellowships, and student loans.” I’m not sure if this is the right step or what amount I should enter there. I’d really appreciate your help in clarifying this! Thank you.