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The new $6,000 "senior" bonus deduction will be available to individuals age 65 and older, with eligibility set at $75,000 in income for single filers and $150,000 for couples, and phasing above those levels. But the provision is temporary. It will only be available from 2025 through 2028, and will supplement, but not replace, the existing extra standard deduction already available to older adults. Note: The new bonus deduction applies regardless of whether you itemize or take the standard deduction. It could help those with sufficient deductible expenses to itemize, but who also want to further reduce their taxable income. For more information, see our report: How the 'Senior Bonus Deduction' Works.     This bonus deduction is on Schedule 1-A - Part V

The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b.  It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it if you qualify.

You bought an S-Corp. stock. It files Form 1120-S. Its income net of some expenses and other items is reported on the K-1 that the S-Corp will issue to you. You are considered an employee and thus are required to take a salary and file payroll tax returns. Since you seem to know little about S-Corp operations and related tax obligations, find a good tax pro and sit down with them to determine your reporting obligations. If you mess up, the penalties and taxes could be substantial.     I will provide some insight, but you still need to get a grasp on your filing and reporting obligations. This is beyond the scope of this forum. Outside basis = you bought stock, thus your tax basis is what you paid for the stock. It goes up or down depending on what's reported on that K-1 I mentioned. Inside basis = what's on the books of the S-Corp you bough which can be more or less than what you paid. Generally, this is the tax basis of its assets less liabilities. You do not have a new corporation because you bought stock. Rather, the old S-corp continues so you'll need prior filings. 

I dont need a link directing me to something that doesnt exists on my ID. I have only two letters at the start of my document number  Not 3! I will be forced to mail my taxes because I cant input my valid ID numbers

Some costs would add to your tax basis, while others would not be deductible or add to your basis. We can't see your closing statement.  The most common and usually the only deductible expense for the buyer is points.  This answer would change if what you bought was property you were going to rent out 

Sorry I don't understand. Could you explain?   You say: It will increase by income items and decrease by expenses items and distributions.   What does It refer to? Is it my personal tax return? As I have already mentioned the S-Corp will file its own taxes separate from my personal tax return.   >Since you are buying stock, your outside basis may be different than the inside basis.   What is outside basis vs. inside basis?   >There is no Section 754 step-up when dealing with an S-corp. So if you paid $100,000 and the S-corp that has an inside tax basis of $60,000, the extra $40,000 goes nowhere until you sell or it goes out of business.    ??

There is no way to know for sure but it might have been due to an update that changed calculations in your return. TutboTax is still a work-in-progress with some calculations. The only way you could tell what changed was to have saved the return as a PDF before closing. Then compare it to the latest version. There is one caveat. With Online, you have to pay all your fees before TurboTax will allow you to see every form and schedule, rather than just summaries.