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Wow Amy, you are good! I am glad to hear that the cash basis system I had in mind is acceptable to the IRS and I am most likely going to chose this route. Calculating income earned is very easy, especially if one has their form 26AS at hand, which I do but i was struggling with what to do about claiming the tax credit. My plan as of now, is to calculate income (interest plus dividend) earned during 1jan25 to 31dec25 , report it and then claim tax that I paid for year 2024 in my India tax return.    I was wondering what would happen if one earned less in a year but tax credit is very high (as previous year income was very high). This will make current year tax credit taken on US return look relatively much larger than the income one is showing. Can this create an issue , ie create audit risk etc?

If you got a 1099-S you'll have to report it even though you'll likely owe no tax. With only the $250K exclusion, the remaining gain would be $7k, but closing costs may wipe out even this small gain. In your cost your are allowed to include the costs of any improvements made since purchase. A loss is not deductible; TurboTax will adjust for this.    

Are you using Home & Business to prepare your personal 1040 return?  Home & Business won’t prepare the 1120-S.   You need the separate Turbo Tax Business program for 1120-S.   Did you get a K-1 from the 1120-S return? To enter a K-1 go to Federal Taxes Tab or Personal (Home & Business version) Wages and Income Scroll down to S-corps, Partnerships, and Trusts or to Business items Schedules K-1, Q - Click the Start or Update button   Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

It should work according to this Intuit TurboTax Article @ https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/e-file-1040x-amend-return/L9tXL1Nuh_US_en_US  Can I e-file my federal Form 1040-X amended return? by TurboTax • 5758 Updated January 14, 2026 9:34 AM Generally, you can e-file your amended 2025, 2024, or 2023 federal return via TurboTax if your original return was also e-filed in TurboTax... ____________________________________   2024 Turbotax Windows desktop application does allow e-file of an amended 2024 tax return. Select continue on the E-Filing is closed for the season page. However, it is rejected by the IRS after transmittal with "IND-689-01 - The year of the 'PrimarySignatureDt' in the Return Header must be equal to the processing year." I'm not sure why, but Turbotax requires the use of a signature date of 01/01/2025 through 12/31/2025 on the Correct Your Signature Date page. The return can not be transmitted return if not.   I strongly suspect that is what is causing the rejection of the amended 2024 tax return being e-filed in 2026. I attempted to report this as a coding error since the above article posted by Turbotax this year indicates it is supported. I was told that it is not supported and that mailing is the only way to file an amended 2024 return. I asked repeatedly how I could identify a possible coding error. They suggested the Intuit community. It may be poor training of the support team. It may be intentional to limit e-filing to a single year. Either way it is a shame that it does not work!   .  

Once your return is accepted, TurboTax receives no further info, including refund status.  the 5 days early doesn't work sometimes because of IRS processing delays or other issues.  Check your refund status on the IRS website for a true indication. 

The financial institution where you opened the Roth IRA would have that information unless you moved the account.  If you can't get it from them or otherwise determine the amount then you should use $0.  That said, you can probably determine that it would have been at least a certain amount.  Would you have opened a Roth IRA with only $1.00? less than $100?  Less than $500?    

Hi, It looks like my employer already paid my tuition in full (Tuition = 31743) and they also collected after-tax deductions from my paychecks.  I'm struggling on what to do with questions below:  1)  Do I click on "Received tax-free education assistance from an employer,...".  If I do click on it, then what amount should I enter here? 2)  Do I click on "The aid was already reported as income on a W-2...".  If I do click on it, then what amount should I enter here? 3) Box 5=64743, Box 1=31743     Is the difference from Box 5 and Box 1 considered additional income?  If yes, how do I report that difference on 1040?   Thanks

Thanks for the reply, RobertB4444. TT is not allowing me to continue past the "Review" phase of federal taxes. It keeps saying that the personal use days on Schedule E should be zero.  I spent 3 hours on the chat with a tax expert and then their supervisor deleting Schedule E, doing it over with different responses in hopes of clearing the perceived error. The experts, in the end, advised me to list 0 on personal days. September 21-November 6th was a period when I was getting the rental ready and searching for a new tenant. Does the IRS want me to list only the latter half of the year as the time that this unit was a rental even though it was also a rental from January-February? Is this a software issue with TT? 

Filing is free in all Online versions.   But if you are in a paid version like Deluxe or Premium there are fees to prepare the returns whether you efile or print and mail.  How to review your fees https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-review-my-fees-in-turbotax-online/00/26353

@ user17715455831 wrote: hello i have no way of getting in my email all done with doing my taxes but wants a code to that email to reply with a code Are you saying that during efiling that you cannot access your email at all to verify your email address?   You can also verify or change the email address if desired (using the steps below.)   You can go to your settings in your Intuit Account and change and/or verify your email address there if it's not verified. In the left menu column scroll way down to Intuit Account. Then once in the Intuit Account settings choose tab Sign In & Security. See if your email address has a tiny link beside it that says "not verified".  If so, click that to verify. Perhaps once you verify it there in the account settings, it won't ask you to verify it again when you are efiling. Or you can change the email address there that you want to use for notifications, if desired.  if you do change it, then try to also verify it while there, and then maybe it won't require a code during efiling.. If after all that, you still can't resolve your issue, here's how to reach TurboTax Support  5AM-9PM Pacific, 7 days per week..   FAQ: What is the TurboTax phone number? https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632   If you use Free Edition and don't have phone support, another way to reach them if you have social media is to direct message a Support agent: https://x.com/TeamTurboTax or https://www.facebook.com/turbotax