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@seanvann707 wrote:  How do I get my credit karma TurboTax old information so I can get so I can file my tax return this year I don't have my old phone that I filed with last year I don't have my old email either I'm pretty sure I know what email it was but I don't have it cuz it won't let me log into it because my new phone There are ways to recover account access without the phone number or email address.  What website are you needing to log into?     Is it the log-in at creditkarma.com or turbotax.intuit.com?

@xmasbaby0 @texasgirl71  On March 14, 2025, the IRS Office of Chief Counsel (Chief Counsel) released advice memorandum number 202511015, addressing the deductibility of theft losses under IRC § 165 for scam victims. The memo offers important clarification on when and how taxpayers may claim a theft loss deduction.  The Chief Counsel memo affirms that taxpayers who are victims of scams may claim a theft loss deduction under IRC § 165, but only if their situation meets specific conditions: 1) The loss must result from criminal conduct classified as theft under applicable state law; 2) The taxpayer must have no reasonable prospect of recovering the stolen funds; and 3) The loss must arise from a transaction entered into for profit. The memo clarifies that a taxpayer can establish a profit motive not only through a traditional investment scam but also in situations where a scammer misleads a taxpayer into moving money under the false belief that they are protecting it. However, those who lose money through personal scams – such as romance scams or false kidnapping schemes – do not qualify for the deduction under current law due to the TCJA’s restrictions on personal casualty and theft losses.   That the scam be a Ponzi scheme is not necessary.  Number 1) is a legal issue that cannot be answered in this forum Number 3) is crucial. There must have been a profit motive.   

If you haven't e-filed your tax return, you can edit your dependent in the Personal Profile section of TurboTax. Review the TurboTax Help article How do I add or remove a dependent? for navigation instructions.   If you've already e-filed your tax return, you have to wait until your tax return is fully processed and you receive your refund or your balance due is deducted from your account.    For more information and instructions, review the TurboTax articles How to Correct Federal Tax Returns, How to File an Amended Tax Return with the IRS and Video: How to Amend Your Tax Return.

The filing thresholds for needing to file Form 8938 are different from the filing thresholds for an FBAR.  For married couples filing jointly, the filing threshold is $50,000 on the last day of the tax year or $75,000 at any time during the tax year.  For more information on Form 8938 see, Do I need to file Form 8938, Statement of Specified Foreign Financial Assets?   I would recommend to start filing as soon as you realize you need to file.  The FBAR has the same due date as the federal income tax return, including extensions. See Report Foreign Bank and Financial Accounts for more information on FBARs.   Also see Delinquent FBAR submission procedures and Streamlined filing compliance procedures, for more information about filing delinquent FBARs.

If you aren’t getting the new Enhanced Senior Deduction on Schedule 1-A which goes to 1040 line 13b  some things to check…. Check your date of birth under My Info If you are married you have to file a Joint return not Separate Is your AGI over 175,000 Single or 250,000 Joint?

I have the same issue. Yes, the full description for “other income” is reported on the Other Income Statement.  However, it does not appear that the Other Income Statement will be included (submitted) with the 1040 because it is not printed when I print my 1040 using the “Returns For Filing” option. Also, Schedule 1 would say “See stmt” on line 8z if the statement was going to be submitted with the 1040.   I really think there is a bug here. The processing for “other income” should not have changed between 2024 and 2025 because there were no changes to the relevant IRS instructions. In addition, there was also an Other Income Statement in 2024 and all the information including the descriptions and amounts DID transfer from line 12 of that form to line 8z of Schedule 1.