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Yes, I just realized that. Can I just file the 8824 as an amended 2024 return? It doesn't change the tax liability. Do I need to print & mail the entire return, or just the form 8824 and a cover letter?

If you did not complete a Form 2210 with your return, the IRS will calculate your underpayment penalty and will send you a letter with your balance due.  If you want to complete the Form, you can get it from the IRS website.     Form 2210    Instructions for Form 2210 (2025)  

You are correct that the gross income limit (which is $5,200 for the 2025 tax year) does not apply to a Qualifying Child. However, TurboTax likely flagged your child as a non-dependent because they no longer meet the specific age or student criteria to be considered a "Qualifying Child," causing the software to evaluate them as a Qualifying Relative instead. To be a Qualifying Child, they must be under age 19, or under age 24 if they are a full-time student for at least five months of the year. If your child is 24 or older (and not disabled), or 19–23 and not a full-time student, the IRS switches them to the "Qualifying Relative" category, which strictly enforces that $5,200 income limit.    If they are a full time student. navigate to My Info on the left of your screen, Your household, select your child's name to expand, then choose "Revisit". Continue through the interview until you  to the screen called "Tell us more about [their name]'s situation." Here, check the first box, Full-time student in 2025.

Besides i tried 3 steps i mentioned earlier, i followed your way by adding "a new one"  with our steps below:   Choose add expense or asset, chooses Improvements, furnishings, and other assets in the list of asset options, then continue. Now, navigate to Assets in the expense list, choose Start, Edit, or the pencil icon next to Improvements, furnishings, and other assets.  Now go through the interview.  If the improvement is not qualified to expense, you'll add the asset.  The asset category should be selected as "Rental real estate property." This selection depreciates the property over 27.5 years. And i am stuck because TT asked for the "land value" which is higher than the renovation cost; therefore i cannot move forward with this route.  is this ONLINE turbo tax problem only? or problem to desktop version of turbo tax too??

To reflect a $70,000 worthless investment on your tax return, treat it as a capital loss from a sale on the last day of the tax year (December 31). Report the loss on Form 8949 and Schedule D by listing $0 for the sale price and your $70,000 cost basis. Document the entry as "worthless" in the description field. Stocks, stock rights, and bonds (other than those held for sale by a securities dealer) that became completely worthless during the tax year are treated as though they were sold on the last day of the tax year.  If your total capital losses exceed your capital gains, you can deduct up to $3,000 against your ordinary income, with the remainder carrying forward to future years.  See Worthless Securities.   To enter worthless stock as investment sales in TurboTax Premium online:   From the Federal section, under Wages & Income, Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA) under Investments and Savings On the Let’s finish pulling in your investment income page, click on Add investments. On the Save time and connect your financial accounts click on Enter a different way On the How do you want to add your docs? click on Type it in myself On the OK, let's start with one investment type, click on Other and Continue On the Tell us more about this sale, type Worthless Stock On the Now, enter one sale for Worthless Stock, complete the information using 12/31/2025 as Date sold or disposed and zero for Proceeds.  Enter your original investment for Cost or other basis   To enter worthless stock as investment sales in TurboTax Premier desktop:   Under FEDERAL TAXES tab,  Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings. Did you have investment income in 2025? YES On the Let's finish pulling in your investment income- click on the Add Investment button On the Let Us Enter Your Bank and Brokerage Tax Documents, click on Skip Import OK, let's start with one investment type- choose Other then Continue Tell us more about this sale  Worthless Stock Continue Now, enter one sale for WORTHLESS STOCK (Proceeds=0 Date sold or disposed= 12/31/2025) Let us know if any of these situations apply to this sale  This was a worthless security  Continue

Debido a que no tienes el formulario físico, debes contactar al pagador (cliente o banco) para obtener una copia. Si no recibes el formulario, puedes usar tus registros bancarios para ingresar los montos exactos de forma manual.   Si aún así, se te dificulta obtener el Forumlalrio, porfavor abre el enlace que te comparto para que veas todas las opciones: como presentar un Formulario 1099 en la declaración de impuestos?  

To enter, edit rental income, expenses and rental asset depreciation - Click on Federal Taxes (Business using Home & Business) Click on Wages and Income (Business Income and Expenses using Home & Business) Click on I'll choose what I work on Scroll down to Rental Properties and Royalties On Rental Properties and Royalties (Sch E) , click on the start or update button

A step -parent or step-grandparent can claim a child as a dependent if the child otherwise meets the criteria to be claimed.   So.....perhaps you can claim the child.   But...do you realize that when you file married filing separately you lose some of the child-related credits that you can get if you file a joint return?   If you file MFS, you cannot get the childcare credit, education credit, earned income credit, and your income is lower for the additional child tax credit.     IRS interview to help determine who can be claimed: https://www.irs.gov/help/ita/who-can-i-claim-as-a-dependent     If you were legally married at the end of 2025 your filing choices are married filing jointly or married filing separately when you prepare your 2025 return.   Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will get the married filing jointly standard deduction of $31,500 (+ $1600 for each spouse 65 or older)  for 2025. You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit.    If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return.    Some of the disadvantages of filing separately include:    You cannot get earned income credit,  You cannot get education credits or deductions for student loan interest.  You cannot get the childcare credit You have a lower amount of income on which to base the refundable additional child tax credit 85% of your Social Security benefits will be taxable even with no other income  The amount you can contribute to a retirement account will be limited. Capital loss deduction is less than if you file jointly You cannot get the $6000 senior deduction You cannot get the deductions for overtime or tips    If you live in a community property state, you will be required to provide additional information regarding your spouse’s income. ( Community property states:  AZ, CA, ID, LA, NV, NM, TX, WA, WI) and your returns become very complicated.    If  you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice since with online, you get one return per fee.     https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM?srsltid=AfmBOopGqCNexowW0pYgvsf7ycIkrx4VjO_63UXv6vSnfu3UEGQiKQTh   https://ttlc.intuit.com/turbotax-support/en-us/help-article/income/getting-married-mean-taxes/L2RgmagpE_US_en_US?uid=m69on7t0     https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/married-filing-separately-community-property/L11CeLUMs_US_en_US?uid=m69ousyh  

If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

If you have no W-2s and want to enter your SSA-1099 Social Security benefits in TurboTax Online but are stuck at the start of income entry, here's what to do: 1. Go to the Wages & Income section. 2. When asked "How do you want to enter your income?", select I'll choose what I work on. 3. Scroll down to the Retirement Plans and Social Security section. 4. Select Start or Update next to Social Security (SSA-1099, RRB-1099). 5. Answer "Yes" when asked if you received Social Security or Railroad Retirement benefits. 6. Enter the amounts as shown on your SSA-1099. Doing this allows you to enter SSA-1099 data even if you have no W-2.