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its done through the investment interest expense form for Schedule A. don't assume it produces a better tax result than letting the unused investment interest carry forward,   1) Those qualified dividends would be treated as non-qualified. 2) you must have enough in itemized deductions so they exceed your standard deduction. - TutrboTax will optimize 3) if you don't itemize, the excess still carries forward. 

Namaste @pk  ji,   Thanks for the reply. Let's suppose I leave USA by 29th September 2026,what options do I have?   As per my understanding regarding option A1 Filling a dual status return in the USA does not affect indian tax rules and India will independently decide whether to tax my global income based on days in india+past residency. So, I think dual status return won't  be decided on my filling india from date of entry in india. I still need to report my global income from april to 31 march 2027. Please correct me if I'm wrong?      

You can check several areas that can cause error IL1040-8100-1 to occur. Check the prior-year Illinois Adjusted Gross Income (AGI), Double-check the 8-digit IL-PIN, Be sure the posting of the Driver’s License/State ID details is correct This will have to match the Illinois Department of Revenue records.  Correct these inputs in the state section,  If issues persist, print and mail your return. 

I read on another thread with a similar question that the simplest thing would be fo me (parent) to put $4,000 in box one and $0 in box 5.  Then, my son would add $4,000 to his scholarship amount on his taxes, so he would pay taxes on that amount.  Would that also work?

The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 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. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately

It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. 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 with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info. 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    

The deduction is automatically calculated by TurboTax if you qualify. The calculation will appear on Schedule 1-A page 2, Part V Enhanced Deduction for Seniors, which is then carried to your Form 1040 line 13b.    The maximum deduction is $6,000 for each person 65. There is a phaseout of the deduction once your income (MAGI) exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). On a joint return the phaseout is calculated separately for each person.   On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. This deduction is intended to provide tax relief for seniors and is in addition to the existing Standard Deduction or your Itemized Deductions. Expires December 31, 2028.

In MY INFO you will be asked if you lived or worked in another state or another country in 2025.   You will need to choose that you lived and received income in a "Foreign or U.S. territory"    You will be navigated to follow up interview questions regarding the income you received in the U.K.

You can skip the import and type them in, if they have a tax consequence. Any Q forms used completely for tuition, room and board, and other eligible expenses, should not be input. IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.   Taxable distributions should be entered. Hopefully, not both were taxable and you can enter one or none.

Thanks for your response. I guess I could not report the interest expense and it won't get tax deducted.   I notice that while filling K-1 information, after filling all the income and losses, we get "Describe the Partnership" page where it has option "I have at-risk loss". If I click it, it opens up "Enter your at-risk loss carryover on the Form below". It shows a "At-Risk allocation worksheet" which has columns about "Total current loss", "Carryover prior year loss", "Allowed loss", "Disallowed loss". It seems may be this is a place where disallowed loss can be put in? Anyone has experience working with this "At-Risk Allocation worksheet" in regard to K-1, it may perhaps be used in my case to make Turbotax do the right thing? Thanks

In this particular instance you may be better off leaving the non-depreciable off of the tax return.  Since it has no effect on the return until you sell the property then there is no need to enter it at this point and you can just enter it as part of the sale when and if that happens.