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If you haven't filed yet, go to File, and on the How do you want to pay your federal taxes? screen, select Request an IRS payment plan.   If you already filed, or you can't find this option in TurboTax, you can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website. Make sure you've filed your return before applying through their site.   For state plans - See Payment Plan Help to get a link to your state's Dept. of Revenue.  

That screen is in the Filing Steps - click File from the left side panel.     The address to mail your return to will be found on the instructions page, which will be the first page of your tax return printout.  Or you can find the address from this link - Choose your State.  

Did you receive a 1099-MISC for your legal settlement? Legal settlements are often taxed. It depends on the type of settlement and would have been mentioned in your settlement agreement. Generally, physical injury settlements aren't taxable unless you deducted medical expenses from the injury on a previous tax return. Non-injury settlements are considered other taxable income. You should receive a Form 1099 if your settlement is taxable. You will be taxed on the income based on the tax bracket that you fall in and the federal income tax rates.    Please see the TurboTax article Are legal settlements taxable? for more information.   If you receive a form 1099-MISC, follow the instructions in the TurboTax article Where do I enter a 1099-MISC?    Refer to the TurboTax article Where do I enter an award from a taxable legal settlement? for instructions for entering your settlement if you didn't receive a 1099-MISC.   If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact TurboTax?   Refer to the TurboTax article What's the TurboTax phone number?

You can't do that.   You can enter a K-1 on your personal return in Home & Business (personal tax returns with Schedule C) - Where do I enter a Schedule K-1 that I received?   But to review an actual Form 1041 - you need TurboTax Business (business (corporations, multimember LLCs, and partnerships and trusts and estate returns).   https://turbotax.intuit.com/small-business-taxes/cd-download/   

Fantastic. Thank you.  Now that I’ve finished entering everything, I have a tiny $10 deduction which I don’t want to use. Where in the easy-step do I make Turbotax *not* use the expenses I’ve entered and carry them over to next year? 

Hello MaryK4 and JamesG1 -    I found a workaround for the bug in Turbotax.  When I show that I received $1.00 as "payment" in this tax year 2024, the software prints and submits the required forms 6252 (federal) and 3805E (state).   Unfortunately, Turbotax support experts on the phone (support line) could not resolve the issue I faced. The software would not submit Fed Forms 6252 and State Forms 3805E for my installment sales in 2024. They kept me on hold for 2 hours and then disconnected. Glad to have found a workaround for the bug and resubmitted my returns (Fed and State) as amendments.

To apply for a payment plan with the IRS   Apply Online for a Payment Plan   WHAT IF I CANNOT PAY MY TAX DUE? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw  

I don't think anyone can help me as they don't seem to understand what I am saying. I am not employed and have no withholding.  I am 73 and retired, haven't worked for money since about 2002 and even then was very minimal as a massage therapist and I didn't make enough to pay any taxes at all.  (I have a few permanent partial disabilities that have made earning money pretty dicey, including that in 1996 I was thrown from a rearing horse who then fell over backwards and landed on my chest, but many of my problems predated that dramatic event.) Most of my life I haven't earned enough to pay taxes, though in a few years I have had to.  So nothing in particular has changed for me, except that during the past year there were requirements by the credit union I use, to have direct deposits to my checking account totaling $750 per month.  So in addition to my regular small social security of $521 deposited directly to my checking account, last year I arranged to receive $250 per month as part of the RMD from my beneficial Ira and get the rest of the RMD as a once yearly deposit. Prior to that I was just getting the one-time yearly RMD deposit, plus the small monthly deposit from Social Security.  I haven't been told by the IRS that I owe any sort of penalty for failure to pay estimated taxes, ever, in any year, and I've paid more in taxes maybe 3 times since 2000 when my dad died, in other years than I owed this time for 2024, so I still don't know why the website informed me that I will owe penalty & fine for not paying quarterly taxes.  It was left up to me to either use the IRS form to calculate that amount OR to just let the IRS figure it out and send me the bill.  So I chose the latter since by that time my eyes and back were killing me and I couldn't possibly fill out another form or do any math, I was just too exhausted & hungry!  And the big puzzle is that on my online IRS account info, there is NOTHING stated that I owe this to the IRS, including no mention at all of any penalty for failure to pay estimated tax for 2024.  So I'm just going to wait and see what happens, and if they do send me a letter saying that I  owe whatever amount, I will at that time see if they will forgive me because I didn't even know I needed to pay quarterly taxes, as I never had before and was never informed by the IRS that I needed to do that, nor was I informed by any website I have used to file my returns that I needed to do that...until, mysteriously, this time.  I guess I have to get over caring why this has happened out of the blue, give up needing an answer, and just deal with it at the point of getting an IRS notice in the mail (which, for all I know, may never even come.) And pay my quarterly taxes in 2025, I guess I should do that now for the first part of 2025 since I NOW know about this.  But I don't know how to do that so that's something else to go on my already overwhelming miles-long to-do list.  Maybe I'll someday manage to learn how to fit in regularly eating and sleeping while also trying to handle all the many tasks of my life LOL (including caring for 3 rescued horses and 3 other pets.   I sure wish I could afford to pay someone else to  do this kind of crap for me, I hate doing myself so very much.  I am quite certain that I have ADHD though have not sought diagnosis, and this kind of thing for me is so incredibly stultifying and overwhelming, partly because I have always utterly despised and resented having to fill out "forms" of any kind whether online or with paper and pen.  It's worse online because I also intensely dislike using electronic technology, it's confusing and intimidating, definitely don't want a smartphone and have never even owned a television! I find it incomprehensible that there are plenty of people who actually do exist, who actually do ENJOY being CPAs, computer programmers, financial advisors, and the like.   All that linear left-brain number crunching stuff  is like visiting some ring of Hell, to me.  I mean, we need to be able to do some of that to effectively manage our daily lives and keep our checkbooks balanced and live within our means (I can do that easily), but to actively CHOOSE to do that sort of activity for 8 or more hours every day, for years on end, as a career..........baffling.  I'd MUCH rather clean up horse manure all day.  Or write poetry.  Or give someone a massage.  Or prepare natural remedies for my animals' various needs.  Numbers and forms and electronic technology are definitely not about life and feeling and love. 

@ bobalbertfamily wrote: Hopefully someone from TurboTax is monitoring this and can comment on the problem. I think there may be MANY users out there buying Audit Defense, thinking it is for the statute of limitations for audits, but only have it for one year… It's less common that anyone in TurboTax Support management would see something in the user community forum.  There are TurboTax employee tax experts that post in the forum, who may see the thread.  If you want to contact Intuit with your concern, you can use the online form to contact a liaison in the office of the President of Intuit.   They say they will get back to you in 1 business day.  The contact form and a box for explanation of your issue is here: https://www.intuit.com/company/contact/office-of-the-president/

You can enter more than one transaction in the capital gain form. We recommend you enter each transaction individually for each year of acquisition. For example, if you purchased 0.004 bitcoin for $500 in 2022 and you sold the same quantity for $1000 in 2024, you enter this as a first transaction, and then for the second transaction you enter, for example, that you purchased 0.005 bitcoin in 2023 for $1000 and you sold the same quantity for $3000 in 2024.    *** Note that you can not enter decimals on the capital gains/crypto form; you must round off the number to one. Since only the purchase price and the sale price are considered, this has no effect on the computations.    I hope this helps! Thank you for choosing TurboTax 

Yes, you should file your return.   If you haven't filed yet, go to File, and on the How do you want to pay your federal taxes? screen, select Request an IRS payment plan.   If you already filed, or you can't find this option in TurboTax, you can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website. Make sure you've filed your return before applying through their site.   For state plans - See Payment Plan Help to get a link to your state's Dept. of Revenue.