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Thank you GabiU for fixing it.     His reply post got posted separately or disconnected from this thread https://ttlc.intuit.com/community/taxes/discussion/re-home-business-senior-deduction/01/3711598#M1374292 

Here is what the IRS says about entering incorrect banking information https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/refund-inquiries/refund-inquiries-18   If you chose to have your fees deducted from your federal refund, but entered wrong or closed bank account information for your direct deposit, you are going to have an aggravating, frustrating situation.  Your refund will go back to the third party bank. The third party bank might issue and mail you a check, or they might send your refund back to the IRS and then you will have to wait for the IRS to mail you a check.     If the third party bank mails the check, it will come in a plain envelope via first class mail so make sure you open all mail and do not assume anything is junk mail without opening it.  While you are waiting, make sure that the address you entered on your tax return is correct, or your problem will be even worse.   When you choose “refund processing” your refund goes FIRST  from the IRS to the third party bank.  Then the bank takes your fees out of your refund and sends the rest of the refund to you.       How can I see my TurboTax  fees?    https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   What is Refund Processing Service?         Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction.    You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com       

You are the trustee, however, and have management responsibilities and, although the trust may not provide for reimbursement of expenses, ordinary and necessary expenses incurred as a result of farming operations should be paid by the trust (it is a necessity without which the farming operations would not produce income and I'm not sure the beneficiaries, who are not involved in the operations have the authority to disallow the trust from paying those expenses).    Again, as trustee, I would recommend that you consult an attorney in your area. This expense should also be paid from the trust corpus and, frankly, I'm uncertain why the beneficiaries, knowing the trust would have to pay an 8% management fee, would take issue with ordinary and necessary expenses of operating the farm being paid directly from income derived from farming operations.

My sincere appreciation for your help, and I had no idea there was a link for that draft copy from the IRS.  It teaches me that I can't be too reliant on AI; VolvoGirl is a much better source. 🙂  Upon reflection, your original example was the clue I was missing as if I plug in $200k MAGI, I get a $6000 enhanced deduction while if I plug in $250k, I get a $0 enhanced deduction.  That matches published reports of the enhancement phasing out at $250k.  Thanks, again.

Reply to Question 1:  The irrevocable trust was created by a will dated 1983 and back then, then expenses were not significant, and it was 'family'.  It was considered that family members will sacrifice time and effort to maintain the land / farming legacy.  Farming has changed in 42 years requiring active daily management. Usually, average 2 hours a day.  Just to be clear, the actual crop share inputs and things like property taxes are paid by the Trust.   Its the administrative / office / education costs / inspection trips / computers / chain saws/ that I am absorbing. I will continue to absorb these costs as due to family dynamics, they will not be paid.  The Will and Trust documents are clear, there is no mention of repayment of such expenses. Several Trust  beneficiaries are very much OK with that and will not support reimbursement.  What I am seeking the best way to at least claim these documented overhead costs of being a Trustee on my taxes.    I wear several hats in the Trust; I am a Trustee, I am one of 6 beneficiaries of annual equal Trust disbursements, I am farmer (USDA), and a landowner of Trust cropland USDA and county / state records.    Question 2:  If I was not a Trustee, the Trust documents state that the surviving beneficiaries are to elect a new replacement. However, the most likely replacement Trustee has already said they would have to enlist a Professional Fam management company which normally charges 8% of gross receipts.     Bottom line, you are not going to fix the Trust as its all wrapped around family dynamics and fractions. My only goal is how to best file tax wise to offset my management expenses and its cloudy / messy due to the many hats I wear.  For example if I file as farmer on schedule F, my income is only $1.00, my actual expenses will always be much more than my $1.00 income and the IRS will say I will never make a profit and I agree. But I do not think I can add my annual beneficiary income (on a Schedule K) as farm income.  The Trust functions as a true 'pass through' entity.

How did it go? I am in the same boat. I have one S-corp and W-2 job. I am taking minimum salary from S-corp. S-corp still has some income. I file jointly with my wife and we both have w2 jobs. I wont have any income from new LLC (Single member as of now, i can make it S-corp while filing if required).      Question - Can I take 179 depreciation towards my W2?  If S-corp is treated as different entity, I assume I wont be able to take new LLC depreciation towards S-corp income. 

@M-MTax @baldietax turbotax does not provide copies of online returns for security reasons. It tells users to access their account if they want copies. online returns are stored on turbotax computers for 7 years the same length of time the IRS preserves them. Whereas for desktop there is no online copy of the tax file. However, as to imported documents in desktop, I'm not sure of the online retention period. In 2023 I noted that there was for a limited time a copy of the 1099-B I imported.  I no longer import (almost all my trades are of types A or D making manually entry easy).   What surprises me is that users don't trust Turbotax but the IRS stores copies of taxpayer's returns for 7 years. While I never seen anything that would indicate the IRS has been hacked, that doesn't mean it hasn't happened or won't happen in the future. (not completely true since I think an IC doing work for the IRS accessed DJT's returns) And look at all the fortune 500 companies that have been hacked including those that do secret projects for our military!

Turbotax never mails out income tax refunds because it never gets them. if you're having your fees, (including any advance) deducted from your refund, the refund goes to a third-party bank to split between you and Turbotax. It sends your portion to the bank account specified, if closed the refund goes back to the IRS to issue a paper check sent to the address on the return.