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Hello,    I know this is an old thread so if the company was opened and closed on the same year and had no income or expenses related to the company, it does not need to file a 1065? We are in Texas so we would need to file the no due franchise tax before closing it, right? Can that be done on this year or do we need to wait till next year?

@ridhamjoshi36 wrote: So if I itemize, will I owe anything in taxes?  You list all your winnings as gross income.  You list your losses (up to but not over your winnings) as itemized deductions.  If your itemized deductions are already larger than your standard deduction without the losses, then every dollar of losses will offset a dollar of winnings.  However, if your itemized deductions before the gambling losses are less than the standard deduction, then some of your losses will be needed to climb over that standard deduction threshold and won't reduce your losses.   For example, the standard deduction for single in 2025 is $15,000.  Suppose all your other itemized deductions are $10,000, and your gambling losses are $20,000.  Your total itemized deductions are $30,000.  but since that is only $15,000 more than the standard deduction would have been, only $15,000 of your winnings will be offset. 

No one in the user forum knows if you filed your tax return.  We cannot see your information.   It is entirely possible to pay tax due without filing a tax return----for example you could have mailed a check or money order to the IRS, or you could have paid directly on the IRS payment site without actually filing your return.   It is also possible that you have more than one account and that an "old" account is generating messages about filing.       DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”  

"One more question...someone at the can IRS along the way said that our original return was never received so the amended return will also be rejected.  How do I prove that the original was already sent through TT and subsequently rejected in order for my mailed in amended return to be processed without further delay?"   Wait.....the plot just thickened.    The above is the first time in this thread that you mentioned amending your own return.  You only mentioned amending your son's return.   When your own e-file was rejected, you should have simply printed out the return and mailed the original return so that the IRS would sort out the duplicate use of your son's SSN.   Now you are talking about your own "amended" return.   Did you do something to change your original tax return --- the rejected one -- and mail the IRS an amended return on a Form 1040X?  If so, that is a huge part of the problem.   You should never use amending -- or a 1040X -- for a rejected tax return.   You only use amending for a return that has been accepted and fully processed, but that had mistakes or missing information.   If you mailed in a 1040X -- and the IRS has never received an original tax return from you -- that is why they are saying you did not file a tax return.   You need to send in an original tax return----exactly like the one that was rejected -- that claims your son as a dependent.   When you "amended" did you save the original one as a pdf?  Can you print that one out to file by mail?            

yes most people are going to take this as another cue to just upgrade to win 11 and move on.  North America win 10 stands at 41% down from 67% since December, albeit a big push earlier in the year - maybe folks getting ahead of tariff concerns.   Desktop is 1% of Intuit's total revenue ($213mil vs $21bn), 11% of total TT 'units' (4.3mil vs. 34.9mil) while being only 4.5% of TT revenues ($213mil vs. $4.5bn), and declining 5%; while online is growing 10% annually in revenues while also shedding 1% of users.  Per their earnings press release they clearly have no problem "yielding share with lower ARPR (Average Revenue Per Return) customers" to drive revenue growth.   TurboTax Online paying units grew 6 percent on share gains from higher average revenue per return (ARPR) filers. TurboTax Online units declined 1 percent and total TurboTax units declined 2 percent for the year, due to yielding share with lower ARPR customers.   https://investors.intuit.com/news-events/press-releases/detail/1266/intuit-reports-strong-fourth-quarter-and-full-year-fiscal-2025-results-sets-fiscal-2026-guidance-with-double-digit-revenue-growth-and-continued-operating-margin-expansion

Q. My spouses outstanding student loans garnished our federal taxes, is there a way I can refile? A. Yes. "File Form 8379 when you become aware that all or part of your share of an overpayment was, or is expected to be, applied (offset) against your spouse's legally enforceable past-due obligations."   "You can file Form 8379 with your joint return or amended joint return (Form 1040-X), or you can file it afterwards by itself."   Instructions for Form 8379 https://www.irs.gov/instructions/i8379#:~:text=You%20must%20file%20Form%208379,later%20offset%2C%20whichever%20is%20later.

If you have taxes owed on your federal tax return, those will be shown on the Form 1040 Line 37.   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

@ridhamjoshi36 wrote: So if I itemize, will I owe anything in taxes?  The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.   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

to the description above given by @Mike9241 the only people that should need to either provide lots of transaction detail or mail stuff in, are those with massive number of adjustments i.e. wash sales, AMD or noncovered sales.  Otherwise in TT just input everything without adjustment at sales summary level for short and long term which will go onto Schedule D only; then use a separate 1099-B input at detailed level to input the detailed items which will go onto Form 8949.  It doesn't take long really unless you have over a hundred of these things.  For most people they shouldn't need to do import 1099s with all this detail, nor mail the details to the IRS.

Q. Must I file a new w2? A. No.  The school handles the paperwork automatically.  Tuition remission is usually (almost always) tax free and not indicated on the W-2 (it may go on the 1098-T).   Q.  Must we file joint to remain untaxed for the tuition remission? A. No. The tax filing status you use is not affected by this, as far as the IRS is concerned.  Whether your school has such a rule, you'll have to ask them.  That would be unusual.   Q. Does she have to be my dependent? A. No.  Spouses are never dependents.  But filing jointly gets you all the benefits of a dependent (and more).    Q. We prefer to be married/file separate but don't want to mess up the paperwork? A.  See second answer.   Why are you wanting to file separately?  Filing separately is seldom the best way to go and the decision to do so is usually based on erroneous information. Two suggestions: 1). do your taxes both ways and compare before you actually file and 2). ask a specific question, here in the TT forum, regarding your reason for filing separately to solicit advice. One of the biggest reasons for filing separately is that the student loan company may require separate filing  to qualify for lower student loan payments. Even then, you should do the math to see if  it’s worth losing the benefits of filing jointly. If you choose married filing separately as your filing status, the following special rules apply. Because of these special rules, you will usually pay more tax on a separate return than if you used another filing status that you qualify for. 1. Your tax rate generally will be higher than it would be on a joint return. 2. Your exemption amount for figuring the alternative minimum tax will be half that allowed to a joint return filer. 3. You cannot take the credit for child and dependent care expenses in most cases, and the amount that you can exclude from income under an employer's dependent care assistance program is limited to $2,500 (instead of $5,000 if you filed a joint return). For more information about these expenses, the credit, and the exclusion see Pub 17, Chapter 32. 4. You cannot take the earned income credit. 5. You cannot take the exclusion or credit for adoption expenses in most cases. 6. You cannot take the education credits (the American Opportunity credit and the lifetime learning credit), the deduction for student loan interest, or the tuition and fees deduction. 7. You cannot exclude any interest income from qualified U.S. savings bonds that you used for higher education expenses. 8. If you lived with your spouse at any time during the tax year: a. You cannot claim the credit for the elderly or the disabled, b. You will have to include in income more (up to 85%) of any social security or equivalent railroad retirement benefits you received, and c. You cannot convert amounts from a traditional IRA into a Roth IRA. 9. The following deductions and credits are reduced at income levels that are half those for a joint return: a. The child tax credit, b. The retirement savings contributions credit, c. Itemized deductions, and d. The deduction for personal exemptions. 10. Your capital loss deduction limit is $1,500 (instead of $3,000 if you filed a joint return). 11. If your spouse itemizes deductions, you cannot claim the standard deduction. If you can claim the standard deduction, your basic standard deduction is half the amount allowed on a joint return. You may not be able to deduct all or part of your contributions to a traditional IRA if you or your spouse were covered by an employee retirement plan at work during the year. Your deduction is reduced or eliminated if your income is more than a certain amount. This amount is much lower for married individuals who file separately and lived together at any time during the year. If you actively participated in a passive rental real estate activity that produced a loss, you generally can deduct the loss from your non-passive income, up to $25,000. This is called a special allowance. However, married persons filing separate returns who lived together at any time during the year cannot claim this special allowance. Married persons filing separate returns who lived apart at all times during the year are each allowed a $12,500 maximum special allowance for losses from passive real estate activities. If you live in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington or Wisconsin and file separately, your income may be considered separate income or community income for income tax purposes. See Pub 555 Community Property - http://www.irs.gov/pub/irs-pdf/p555.pdf Alaska, Florida, Kentucky, South Dakota, and Tennessee, have passed elective Community Property Laws.

No one in the user forum can resolve a billing issue.  If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help.  Do not use the word “refund.”   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh

The fee for using online TurboTax is the same whether you e-file or file it by mail.   If your e-file is being rejected, please post the rejection message or rejection code so someone can help you.     You received an email that we cannot see that tells you why your tax return was rejected.   Some rejected returns can be fixed and re-filed.  Some have “un-fixable” reasons for the rejection and have to be mailed instead.    What is the rejection code or rejection message?     If it was rejected for AGI—-your 2023 AGI might not be in the IRS system if you filed late.   Try using zero instead.   If filing with zero is rejected then file again but select the option that you did not file last year.  The IRS does not see that question and it will allow you to e-file with no AGI question.     https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311   If that does not work and you still cannot e-file, then print, sign, and mail your tax return.