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The Kentucky 3-year Recovery rule you're referring to is likely related to the federal provision for qualified disaster recovery distributions? Let me know if that's not what you are referring to.   If you took a lump sum payment from a retirement account and it qualifies as a "qualified disaster recovery distribution," you might be eligible to spread the income inclusion over a 3-year period for federal tax purposes. To qualify, the distribution must be related to a federally declared disaster. If it does qualify, you can choose to include the distribution in your gross income ratably over three years, unless you elect otherwise. Additionally, you have the option to repay the distribution to an eligible retirement plan within three years, which can help you avoid taxes on the distribution.   For Kentucky state taxes, you would generally follow the federal treatment of such distributions. However, it's important to check if Kentucky has any specific provisions or deviations from the federal rules regarding disaster recovery distributions. If you're unsure whether your distribution qualifies, it might be helpful to review the specific circumstances of your distribution and any related disaster declarations.

The "if required" part is maybe where I'm tripped up. And this may be a subjective question, but based on anyone's experience and expertise... Is it worth the hassle to me and to that state to go back and file returns for the last several years? Is that still called "amending" the return if I never filed one in the first place? What factors could help determine if it's worth doing this? And I would then also need/want to amend the returns for my home state as well for each of those years?  

For prior years you have to buy the Desktop program.  You can only buy the download for prior years.  You have to buy a separate program for each year.  They only sell the last 3 years.  You need a full Windows or Mac computer to install it on.  Buy the download here      https://turbotax.intuit.com/personal-taxes/past-years-products/   If you don't have the original Turbo Tax  .tax file you have to first recreate the actual wrong original return.  You can use the Forms Mode.  Then when it matches each line that you really filed you have to tell Turbo Tax you will mail it so it thinks it was filed.  Then you can amend it.  You will have to print and mail amended returns.   The how to amend it.   If you don't see a button for Need to Amend a Filed Return? on your home screen then you can get to it here. Go to: Federal Taxes -or- Personal (for H&B) Other Tax Situations last section, Other Tax Forms Amend A Return - Click the Start or Update button    

Qualified education expenses paid by someone else are considered to have been paid by you or your parent if you are claimed as a dependent.  Let us know your situation and the amount in boxes 1 and 5 so we can help you. 

@ caseybam wrote: I did use Turbotax online for 2023.  So how can I find the 2023 5 digit pins I used.  It doesn't show up on my printed tax return and Turbo tax won't let me review the 2023 because it's been filed.  It would be nice if they printed the pins near the signatures page. As mentioned earlier in this thread and in my most recent comment to you, you don't need the 5-digit PIN from 2023 when using 2023 AGI to verify.   As I mentioned above, it's likely the AGI that is causing your efile rejection.  On the Signature page you can even use a new 5-digit PIN every year, if you wish.    But since you want the old PIN, there are a couple of ways you may be able to find it.   Method One: If you used the same Online account for 2024 as you did for 2023, it may have transferred into your 2024 return.  You can look at your 2024 Federal Information Worksheet.  IF it's there, it would be way down near the bottom of Part VII.  To see a PDF of your current 2024 return, you can follow these steps:   Open your return interview back up. In the left menu column go to Tax Tools tab, then subtab Print Center. At the Print Center choose "Print, save, view this year's return." If you haven't yet paid for 2024 return, it will ask you to pay (credit/debit card only.) The next screen should offer some options:  "Just my tax returns", or "include government worksheets (optional)", or "include government and TurboTax worksheets (optional.)"  The latter has the most pages. Method Two: Or you can look and see if it's in your 2023 Federal Information Worksheet (again way down near the bottom of Part VII.)  If you haven't already done so, download a new 2023 PDF from your Online account by going to "Your Tax Returns & Documents" for 2023.  An old PDF from 2023 that you downloaded last year may not have all the worksheets.   In fact, there's no guarantee that even a newly-downloaded 2023 PDF will have all the worksheets.  You'd just have to look.       If the new 2023 PDF doesn't have the 2023 Federal Information Worksheet, you could phone TurboTax Support to see if you could talk them into providing you the 2023 desktop software to install on your computer, and then you could download the *.tax2023 data file from your online account to open in the 2023 software.   Then one would go into Forms Mode to view the 2023 Federal Information Worksheet to see if the PIN is there.   NOTE:  Remember all PDF tax documents and tax data files are very sensitive files, since they contain your personal ID info, financial data, and possibly bank account numbers, etc.  Be sure to store them safely and securely to guard against computer theft, hacking, etc.

There is no mention of special treatment of dividends in the instructions to Form N-11 . As with most states, Hawaii works off of your federal adjusted gross income and requires some adjustments to arrive at the taxable income for Hawaii. It appears that your taxable dividends for federal tax purposes are treated the same for Hawaii.

If you itemize your deductions, you may be able to claim your margin interest as an investment expense on your Form Schedule A. Your investment interest expense deduction is limited to your net investment income.    Taking the standard deduction prevents you from claiming margin interest on your taxes.   You would claim a deduction for Investment (margin) interest deduction on Form 4952 Investment Interest Expense Deduction and the allowable deduction will flow to Schedule A (Form 1040) Itemized Deductions, Line 9 to be claimed as an itemized deduction, up to the amount of your investment income. TurboTax will complete this form for you.   You can enter your investment interest in TurboTax as follows: Click on the search icon in the upper right of your TurboTax screen Type "investment expense" in the search bar and hit enter Click on the link "Jump to investment expenses" Follow the TurboTax screens and answer all follow-up questions   Your TurboTax screens will look something like this:           Click here for What is Form 4952: Investment Interest Expense Deduction.  

TurboTax supports a 1095-A linked to a business.    It doesn't support the combination of a 1095-A linked to a business  that also has a shared allocation with others not on the tax return as joint filer or dependents.   @bkrett01 

Thanks for your response. To clarify, I exited the country in Dec, 2021 and entered on F1 visa in Jan, 2022. I am not sure if that changes anything. I am filing through a CPA and will post here when I find an answer to this situation.

To calculate your Modified Adjusted Gross Income (MAGI) for determining Roth IRA contribution eligibility, you start with your Adjusted Gross Income (AGI) and then make specific adjustments. For Roth IRA purposes, you generally add back certain deductions and exclusions to your AGI, such as: 1. Any deductions you took for student loan interest. 2. Tuition and fees deduction. 3. Foreign earned income exclusion. 4. Foreign housing exclusion or deduction. 5. Excluded savings bond interest. 6. Excluded employer adoption benefits. 7. Deductible contributions to a traditional IRA. 8. Rental real estate losses if you actively participate in the rental activity. Rental real estate and royalty income or loss are already included in your AGI, so you don't need to add them separately to calculate your MAGI. Instead, focus on the specific adjustments listed above. If you're unsure about any specific adjustments, it might be helpful to review IRS guidelines or use tax software to ensure accuracy.

It depends. California has specific rules for taxing trust income, and apportionment depends on factors like trust residency, fiduciary location, and income source. Generally, California taxes all income from California sources, regardless of where the trustee resides.    Once you prepare the return, a K-1 will be generated to you, which will report the trust's income for you to report on your own personal tax return. On your own return, you can prorate the taxable income reported on the K-1 based on the days you lived in California.