All Posts

I also have been having the issue with the California Fiduciary Return (form 541) causing a failure to transmit due to Error Code 54.   Based on the most recent posts (thanks!) I tried it again and it worked!  I have received the confirmation that both the federal and CA state return were filed.   The fix must have been done by Intuit on the server side, because it did not require an update to the Windows TurboTax Business program.

You are correct. If you answer No to the Safe Harbor election, you may then answer Yes that it is QBI. You would not need the Annual Election Statement in this case.   QBI losses carry over to future years, so it's best to indicate that the activity is QBI even when you have a loss.

Thank you for the prompt reply.  I have gone back thru it and verified that the data was input the way you recommend and I'm still getting the error.  I did delete what I'd input into the optional detail screen on the flagged form to ensure that's not causing the conflict.     FWIW, when I look at the printed K-1 from the company, there is no value identified as 199A income.  There is only Ordinary business income.  Is there a distinction?  When prompted on the "We need some information about your 199A income" screen, there is no field to input income.  I checked the W-2 wages and UBIA of qualified property boxes and entered the associated values there.      I grabbed screenshots for each screen if that's helpful.  Don't want to post for the community but if there's a way for me to upload for your review and that would help, let me know.

The Enhanced Senior Deduction is not part of the standard deduction.  It's separate.  Here's where you will see it if you qualify:   For seniors age 65 and older and meet the other qualifications for the new Enhanced Senior Deduction, TurboTax automatically fills out Schedule 1-A in the background and then enters the amount of the deduction on the Form 1040, Line 13b.  It is not part of the standard deduction--it is a completely separate deduction on its own line.   If you are "married filing jointly" and both qualify, then you both get the new deduction.  If you are "married filing separately", however, you are not eligible.   Single filers, HOH filers, and qualifying surviving spouse, if they otherwise qualify, are eligible.   You appear to be using Online TurboTax--at least that is what a tag shows underneath your question above.  If you are still preparing your online return, and want to verify that you received that new senior deduction, here's how you can preview the Form 1040 and confirm you are getting the enhanced senior deduction.   If you already printed out a copy of your return, you can view the Form 1040, Line 13b and Schedule 1-A where it was calculated.  If still preparing your return, here's how to preview it:   With your return open go to the left column menu, and click on TAX TOOLS, then subtab TOOLS. In the Tools window choose "View Tax Summary." On that Tax Summary screen you should see that you are getting "Additional Deductions (Schedule 1-A)." Then, while still on that Tax Summary screen,  you can further verify it by going over to the left column menu and under Federal clicking on "Preview my 1040."  That opens up the Form 1040 Worksheet.    Scroll down to Line 13b, and the figure there includes the enhanced senior deduction from the Schedule 1-A. And while you are there, you should see your standard (or itemized) deduction on Line 12e.

Apparently your partner has no basis in nondeductible traditional IRA contributions, so Form 8606 is not involved in determining a nontaxable portion of the distribution.  The entire distribution is taxable no matter the year-end balance.

since it was accepted, you cannot change it at this point or recall it. The IRS will process the return further and may find what's wrong and send you a letter describing the steps you must take. On the other hand, the IRS may not find anything wrong with the return. In that case, it will release your refund or take the money you owe. Once this is done, you file an amended return. 

I tried to efile California again today it appears to have gone through and I did not get the error!!      Hopefully I will soon receive the confirmation that it was received.  Guessing that either TurboTax or California fixed something.  I do think that advising people to uninstall and then reinstall TurboTax (or print and mail) is irresponsible and a terrible recommendation to fix this problem.  That is totally time consuming and will not do anything.  Thanks to the poster @user17736315102 that pointed me towards efiling the Federal return only.

The home was used for personal purposes so it's a standard second home type of thing. The trust would report the sale on its 1041 and the gain would be the difference between the sales price less selling expenses less the trust's adjusted basis......that basis would be the FMV on the date the last parent died in 2023.   The trust can either pay income tax due or distribute the proceeds to the beneficiaries depending on the terms of the trust.

I provided the shortcut method above to go directly to the estimated tax payments entry section.   If you want to use regular navigation, here's how.  So between the 2 methods, you should be able to use one or both of them.   When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks".   That shows the "Tax Breaks", i.e., deductions, that someone has already worked on this year or that TurboTax is expecting from what was entered last year.   Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording.   When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid."  Then that topic can be expanded further to get the subtopic Estimated Tax Payments.

Here's a tool that should get you directly to the estimated tax payments reporting section.  I've also provided an alternate navigation method in a comment that follows this one.   With the return open, go to the left menu column and click on TAX TOOLS, then the subtab TOOLS. In the Tools Center choose the blue button Topic Search. In the topic search line enter the phrase estimated tax payments without quotes. Make the selection in the list (it may already be highlighted), and either double-click it or click the GO button. Next screen is Estimates and Other Income Taxes Paid. Use the subtopic Estimated Tax Payments. Choose the appropriate category and tax year you are reporting (Federal, state, local) and click START or Revisit. NOTE:  Before filing, make sure your Federal estimated tax payments correctly show on the Form 1040, Line 26, and that any state estimated tax payments (if applicable) show up on your state return.