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Q. When applying for the Lifelong education credits, would subtract the total amount reimbursed by my employer for both 2024 and 2025?  A. Yes. Although mismatched years are  a problem for some other education tax benefits, you are allowed to do it that way for employer reimbursement.  Note: any additional employer reimbursement you get in 2025 will be taxable. That 2025 payment, although for 2024 tuition, counts as you 2025 tax free benefit.    Q. Or should I subtract the amount paid for fall classes and apply it to next year's taxes along with the 2025 reimbursement?  A. No.  Your not allowed to claim 2024 tuition on your 2025 tax return.  Furthermore, taxwise, your reimbursement must be matched to the tuition your employer tagged it for. 

@ThomasM125 Thanks a lot for your answer! This helps a lot! One additional clarification: I have not sold the shares that I acquired from the company (after a part of this was sold by the company to cover for taxes). In this case do I still need to adjust the cost basis and include the income reported in my W-2 form? Or do I need to do it next year when I sell the shares?

Box 1 is $58,936 and Box 5 8s $72,640, so the difference is $13,704. Book and computer expenses (not paid to university) are around $380, so don't make much of a difference.  I already deleted the 1098-T once and reentered it.  TT correctly shows in the tuition and fellowship in the education section of deductions and credits.  The $13,704 shows up as income on Schedule 1, line 8r, which goes to line 8 on 1040. I had to trick TT to get it reported by saying it was used for room and board.  Now I have one response saying that if it's reported as income, I can take the credit and yours that says I can't! 

There is no blue Requests link and I am not expecting a refund. I do see the balance that I owe and can make that payment through the Louisiana website. But, if I do that, I do not want the payment setup through Turbo Tax to be made also.

We are not able to respond to business and occupation tax (B&O) or sales tax questions. Contact your state offices or a local professional in regards to whether you have responsibility for these taxes as a LLC.   Telephone Information Center Mon through Fri, 8 a.m. - 5 p.m. (PT) (closed Wed 8-9 a.m.) Closed on holidays. 360-705-6741  Business licensing 360-705-6705  Tax assistance 360-705-6706  Español (impuestos y licencias) 360-704-5900  Remote sales and consumer use tax 360-534-1324  Forest tax

When you add transactions that have a different Form 8949 category (e.g. Short Term A, B, or C) the program will add new page to the Form 8949 for those transactions.  So if you have transactions with all six categories, your 8949 will be six pages, with additional pages if needed due to the number of transactions.  You don't need to do anything, other than enter the transactions.  The program does the rest.  

The first-year choice doesn't apply to dependents, just to a spouse. !! Your sister and niece do not qualify to be your dependent in 2024 but will qualify in 2025 if they continue to live with you.   Be sure to get Social Security Numbers for your sister and niece so you can file electronically in 2025.   @ccjil 

"Since there is only one HSA account to consider,"   I don't see that stated.  Also, it's rather lame to have to falsely answer None to accommodate the persistent bug in TurboTax where TurboTax incorrectly determines that there has been a lapse in coverage that results in a penalty.  How can TurboTax even conclude that there was a lapse in coverage if all 12 months show family HDHP coverage (if it's the case that there was family coverage for all 12 months of the year)?   Because your wife is covered by the family HDHP plan she is eligible to contribute to an HSA.  If you did not contributed the family limit to your HSA, your wife is eligible to contribute the remainder of the family limit to her HSA as long as she was covered in December.  Also, if your wife is over age 55, she can contribute the her catch-up contribution to her HSA.  However, these contributions can only be reported in TurboTax if you tell TurboTax that she has family HDHP coverage.  If None is selected for each month, TurboTax will erroneously indicate that your wife's contribution limit (without regard to your contributions) is $0.

I apologize for not being clear in my question.   Please look at Form 8283 (Noncash Charitable Contributions), Section A, line 1(i).  Why does TurboTax  show "Average Share" for purchased stock that is donated and "Comparative Sales" for inherited stock that is donated?  I fully understand how fair value is calculated.  My question is why does TurboTax show valuation different methods on Section A, line 1(i) of Form 8283 when the exact same method of calculating fair value is used to determine the donation amount?  Perhaps I should call someone at TurboTax to discuss.  If so, please provide me a phone number to call.  Thank you very much.

You need to report the sale of the stock in addition to the entering the W-2 form. You enter investment sales in the Wages and Income section of TurboTax, then Investments Sales, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc...  Choose Stock, Bonds, Mutual Funds as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis.   The restricted stock units (RSU's) are taxable income and as such the value of them is included in your salary wages (box 1), social security wages (box 3) and Medicare wages (box 5) on your W-2 form. Since you have to pay social security and Medicare taxes on the income, and also income taxes, some of the shares are sold by the company to pay those taxes. They are paid in by the company.   You need to report the sale of those shares to report any resulting gain or loss, but the gain or loss is minimal since you buy and sell them almost immediately. So, the gain on sale when you report the Form 1099-B in TurboTax should be minimal. Often, the Form 1099-B will report a minimal amount for the cost basis as you may have paid little or nothing to acquire the shares. However, the income reported on your W-2 form needs to be included in the cost basis of the shares sold, so you may need to adjust the cost basis reported on the Form 1099-B to compensate for that.   A simple way to determine the cost basis of your RSU shares sold is to divide the income for the RSU's as reported on your W-2 form, plus any additional money you may have spent to acquire them, by the number of shares acquired. That will give you the cost of the shares that you can then multiply by the number of shares sold to arrive at their cost basis.   On the stock sale screen, indicate that the cost basis is missing or incorrect and you will have an opportunity to enter the correct cost basis: