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Yes, you can e-file your amended return to the IRS and Oklahoma (OK) must be mailed according to the instructions. TurboTax will provide the instructions. Check out page 6 and 26 in the link below.  As indicated you can wait a short time, however if you will owe additional tax do not wait past April 15th to file your amendment. OK Form 511 Instructions @nananancy74008 

we cant see your return so look at the Qual Dividend and capital gain worlsheet.     in the tax calculation the LTCG does not come first to see if you're over the thresholds it comes last and taxable social security is taken into account before the capital gains   here's an over-simplified example 1) taxable income (line 15 of 1040) less qualified dividends and long-term capital gains 2) 94050 3) smaller of 1 or 2 4) line 2 less line 3  not less than zero. The QD and LTCG taxed at 0% 5) taxable income less line 2 taxed at 15%   a)lets assume taxable income 100,000 so line1 above 78,000 b) smaller of 1 or 2 is 1 or 78,000 c) 94050-78000 =16050 taxeda t zero d) 100000-94050 = 5950 taxe at 15%   This example shows that the amount of taxable income affects the portion of QD and LTCG that's taxed. Even though, in this example, it was below 47025 a portion gets taxed    

I reviewed your return. You entered a RMD amount required for the inherited Roth IRA larger than what is shown as distributed on Form 1099-R.    To clarify, did you not take your full RMD for the inherited Roth IRA? If not then you need to take it as soon as possible. If you take it soon you can say "Yes I took the entire remaining amount during the correction window". Also, you can request a waiver of the penalty if you have reasonable cause. Please see Relief for Reasonable Cause for additional information.   @jfschultz     

I’m in the same situation and will do this method to cancel out the dual reported income. My only question is, since it’s a large amount of overlapping income would this not trigger an audit? And if it does how do I justify the offsetting expense when it technically isn’t an expense 

The purchase of a business isn't a deduction, it's an investment.  You will have the purchase price of the business as your basis in the business along with any further investments that you will make.  When you sell the business somewhere down the road you will hopefully make a profit as well as earning money from the business in the intervening period.  There is no deduction for investing money.   However, during the operation of the business you do get to deduct depreciation on all of the equipment that you bought.  Enter the equipment into TurboTax and assign a portion of what you paid to each item.  Different items depreciate at different rates but you will deduct a portion of what you paid for the equipment over the next several years.     @checkengineautomotiveaz 

He can be claimed as a dependent for 2024.  As stated earlier, the parents can forego that (and the $500 other dependent credit) to allow him to claim the tuition credit. He still marks his return that he CAN be claimed as a dependent. He is not eligible for the refundable portion of the AOC.    You can add food to the rent in determining the amount of R&B paid in 2024.  The amount of R&B allowed, for the 1099-Q, is the lower of your actual costs or the school's allowance for cost of attendance (essentially what on campus students pay).   So, he does need to enter his 1099-Q.  Theoretically TurboTax (TT) can handle it. But mistakes are frequent. The bottom line for you is: what ever amount of  the $2049, in box 2, that ends up taxable (I rough estimate about $500+), will be wiped out by the increased tax credit ( TT should use the LLC instead of the AOC). If you get something different, reply back and we'll kook for a workaround. You should get a screen "Amount used to calculate education credit".  You have a special situation. I would start with $3000 in that box. You may have to adjust it.    Enter the 1099-Q before your enter the 1098-T.  You may have to delete both and start over.  For room and board, enter only the amount over $6659 (the amount allocated to the parent's 1099-Q). Enter your book expense.   Other things to be aware of: 1. The taxable portion of the 1099-Q is unearned income and the "kiddie tax" form 8615 will be generated.  2. Any self employment tax (line 23 of form 1040), from the independent contractor gig, will NOT be wiped out by the education credit.                                                                                                                         

Some of the situations that are now in TurboTax Deluxe, instead of in Free Edition, include: Unemployment income Retirement Savings Contribution Credit for 401(k) and IRA contributions Education credits Child Dependent Care Credit  

If you think you should be taking a distribution in December 2024 not for medical expenses in order to cut off the excess from 2023, then, yes, the 1099-SA should have in box 1 the total distribution, box 2 might as well have nothing, and box 3 should have "1".   You understand that any time that you change entries on a form that is copied to the IRS, that the IRS may write you can ask why, but it seems that you understand that you will have to document what you did and why. Please do not add any explanation to your return, since the IRS - at this time anyway - is not really capable of handling such things. It's enough that you will be prepared to respond to a query, if that ever happens.   And yes, I am ignoring the $0.78. In the big scheme of things, your distribution added to Other Income and the 20% penalty, will swamp any need to address that.

Thank you.  But I am still caught in what best can be described as a logic loop.  I have deleted the 1099k several times.  When I run the federal review, the 1099k keeps coming up for review.  But there are no options just the same check boxes....Personal Items, All items sold at a loss or no gain.  

If you have not registered, paid or e-filed you can clear and start over in a lower version of the software. CLEAR AND START OVER   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=m6b26ost     https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m5ydiw67          If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.       TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules  1095A for marketplace health insurance     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   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/   Or—if you live in certain states you may be eligible to use the new IRS Direct File     In Filing Season 2025, Direct File will be available in Alaska, Arizona, California, Connecticut, Florida, Idaho, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming.    https://directfile.irs.gov/   https://home.treasury.gov/news/press-releases/jy2629      

I followed all the steps listed, and I do not get the questions that ask “Want us to divide the rental related portion”.  The FAQs say to divide yourself.  Can you continue your screens so that I can see where you are getting that?  Do I need a different version?

You would enter the property tax under Home>>Taxes.   Your state income tax is entered from your W-2.  If you made quarterly payments, then you will enter them by selecting  Deductions and Credits Estimates under Other Estimates and Other Taxes Paid

Notary income goes on Schedule C, but the net income is not subject to Self-Employment Tax.   Here's how to add your self-employment income: Open or continue your return. Navigate to the Schedule C section: TurboTax Online/Mobile: Go to Schedule C. TurboTax Desktop: Search for schedule c and select the Jump to link. Answer Yes to Did you have any self-employment income or expenses? If you've already entered self-employment work and need to enter more, select Add another line of work. Follow the onscreen instructions to enter your Schedule C. To adjust your self-employment tax: Type "notary public, se tax" in the search box and select  Jump to notary public, se tax

 You will be able to access the 2023 return you started by using the exact same account and user ID that you used when you started it.   But you can no longer use online software for any further changes.       Start a 2024  return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   Online tax preparation and e-filing for 2023 returns is now permanently closed.    Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2023 return, you now have to complete it using desktop software, which you must download to a full PC or Mac  (not to a mobile device).Then you need to print, sign and mail it.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 9p.m. Pacific time daily   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.

Yes, to file an extension for 2024. If you are using a desktop version of TurboTax you can file an extension for your tax return using the instructions in this link: How do I file an IRS tax extension?    If you   used TurboTax Online, to apply for an extension in your TurboTax program, you can do the following: Click on the search icon in the upper right of your TurboTax screen Type "extend" in your search box Click on the link "Jump to extend" Your screen will say "Applying for an Extension" Answer "Yes" to the question "program," Select "Continue" Follow the TurboTax screens and answer all of the follow-up questions           You can click this link federal tax extension to start an extension.   Click here for How to File a Tax Extension: A Step-By-Step Guide