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@jburatti If your son did not say on his own return that he could be claimed as someone else's dependent, when you try to e-file a return that does claim him, your e-file will be rejected for duplicate use of his SSN.   Then the only way you will be able to file and claim him as a dependent will be to file by mail.  You will have to print, sign and date your return in ink, and mail it in.   Your son will need to amend his return to change the way he answered the question in MY INFO regarding whether he could be claimed.

Yes, you can.  If you have not already filed, this can be fixed in the My Info section prior to filing.  If you have already filed, you will need to file an amended return.  Here is some more information on filing amendments: How to File an Amended Tax Return with the IRS   In order to remove the dependent, navigate to My Info > Your household > Dependent's name > Delete.      

The first W-2 should be for her home state and the amount should equal box 1. 100% of income is taxed in the home state The second W-2 should be included on the posting of the first W-2. This should be for the non-resident state. The amount in box 16 will be less than box 1.  To balance the taxes out, she will get a credit in her home state for taxes paid in the non-resident state.

Completely useless response TBH.   I should not have to by another copy of tax software.  Also, since 2023 TT requires the software to phone home to your Intuit account so simply changing emails doesn't get around the issue.

You will enter them as they were used without concern for the other.   So if you had 2 businesses that you had a home office in both your old home and your new home, you would enter the home office the same way for each business.  You will enter that you used XYZ address for business A home office for the first X months of the year, then when askes if you lived in the same home all 12 months say no and a drop down will appear and allow you to enter the second home. Then  enter the address of the new home and the number of months you used it for the rest of the year.   You will then repeat for the second business.     You will allocate the expenses to each business based on usage.  Meaning, if you use the office 20% for business A and 805 for business b, business A will get 20% of the expenses and business B will get 80%.  Both offices will be reported on the corresponding Schedule C.    Can I claim the home office deduction for two or more businesses?

So, does that mean we are supposed to see this proration to be reflected at the Montana Tax Return Summary? If we are, then there is a problem. Because we don't see that. At the summary page (just before we file), we still see that ratio calculation is not included and Montana -still- calculates my tax liability based on the full year income.

If you are a non-married couple who live together with your child, then only one of you can claim the child(ren) and the one not claiming the child does not enter anything at all on their tax return about the child.   The “sharing” of child-related credits you may have heard about is only possible between divorced or never married parents who live apart and share custody and who have a written agreement to share the credits.    The child’s SSN can only be entered on one tax return.   Any other return with the child’s SSN on it will be rejected.   If you are a family, then work out how to share the refund between yourselves.

I have the same question and situation which was 90% answered by reading the above.  There is one caveat I have though.  Just like the original poster, my son was 18 on January 1st 2024 and graduated High School in June 24, while working after school and summer.  He has already filed his own returns without help from me back in January.  The only thing I do not know is if he checked that box stating "Someone else can claim me as a dependent".     To my understanding, as long as he did check that box I can still claim him.  The unfortunate part is that he has since left for the Navy and I cannot contact him to ask if that box was checked or not (likely he would not remember either).   What would happen to my return if I still claimed him as a dependent but he did NOT check that box?    

You will have to print and mail your 2023 amended return.    Yes, you only enter the contribution amounts without earnings for each year ($7,500 for 2023 and $8,000 for 2024) when TurboTax asks for the amount contributed to Roth IRA. Make sure you enter the contribution amount as withdrawn on the penalty screen.   Click on "Search" on the top right and type “IRA contributions” Click on “Jump to IRA contributions" Select “Roth IRA” Enter the Roth IRA contribution Continue until the penalty screen and enter the excess contribution amount withdrawn.   For "Corrective distributions made before the due date of the return" you will enter the earnings from box 2a of Form 1099-R.   Yes, on the 2024 return you will only enter the earnings from box 2a of the 2024 Form 1099-R with code J8.   @tax124 

In TurboTax Premium Online, to calculate IRA contributions, follow these steps:   Down the left side of the screen, click Federal. Down the left side of the screen, click Deductions & Credits. Click the down arrow to the right of Retirement and Investments. Click to the right of Traditional and Roth IRA Contributions.

If you indicate under your personal information that you received income from Arkansas, TurboTax will prompt you to add that state under State Taxes. Or you can go to the State Taxes topic and add a state.   The information from the federal Schedule K-1 will automatically be transferred to the state return when you open each state. The state K-1 may have information you need to adjust during the state tax interview.

If the IRS is making the adjustment, then you do not need to file an amended return since the change has already been made.     If you had noticed the issue before the IRS adjustment and delay, then an amended return would have been the right way to handle it.   @Bgreiser