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Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2024 (form 1040ES)

This is completely false and misleading information. I found a way to do it in the software; it literally says SKIP beneficiaries and when you do that it will compute the tax owed and eliminate the step of generating K1s which is what I wanted to do (have the estate pay the tax so that all 10 beneficiaries don't have to deal with a K-1).   Next question:  I want to efile the form 1041 using TT Business. IRS requires that we attach the Letters Testamentary with the return. I'm not seeing a way to do this within TT. I can attach form 8453 to the efile return but not seeing a way to include another document as an attachment.

Please provide more details; for example: Did you go through  all of the California interview screens and answer all of the questions? Could you upload a screenshot? What screen has the message, and what is the wording? What version of TurboTax are you using?   

Q. Can I tell him no he isn’t claiming her because I have more custody? A. NO! The divorce decree overrides the IRS rules*.  But, you do get to (and should)  tell him that he doesn't get all the tax benefits.    There is a special rule in the case of divorced & separated (including never married) parents. When it's the non-custodial parent's year to claim the child as a dependent and the child tax credit; the custodial parent is still allowed to claim the same child for Earned Income Credit, Head of Household filing status, and day care credit.  The tax benefits may not be split in any other manner. Note in particular that the non-custodial parent can never claim the Earned Income Credit, Head of Household filing status or the day care credit, based on that child, even when the custodial parent has released the dependency to him.  So, it's a good idea to let the other parent know that you will be claiming those items, as many first time divorced parents are not aware of this rule and may try to claim those items, which will cause the IRS to send out letters. Ref: https://www.irs.gov/publications/p17#en_US_2017_publink1000170897 Scroll down to "Children of divorced or separated parents (or parents who live apart)" You can if you are the custodial parent.  The custodial  parent is the parent the child lived with for more than 183 nights in 2024   *Technically, if you both try to claim the child as a dependent/child tax credit, the IRS will rule in your favor. The IRS no longer tries to decipher divorce agreements. They go by their own rules.  The ex's only remedy is to take you back to court; where judges take a dim view of contempt of court actions. 

This is disappointing; I've used TurboTax for decades to do my taxes and it's looking like I'm going to have to go to another service this year because of this.   A simple announcement as to when this is expected to be fixed is all that's needed. 

How to lower your tax bill depends on your personal situation.  If you are single with no children, there are not a lot of ways to lower your tax refund.  Taxes simply put, comes down to your total income and deductions and credits. Some things that can potentially give you tax credits to lower the liability would be as follows: The Residential Energy Credit- If you made certain home improvements such as adding solar to your home, you could claim a credit of 30% of the total cost of the project.  This is a non refundable credit, however, it can be carried forward until 2032 when the credit is set to expire or until used up whichever comes first.  Home Improvement Energy Efficient Credit- if you make improvements like replacing your windows, heating or air system, or heat pumps, you can claim up to $3,200 in credits. Purchase an Electric Vehicle that qualifies for the EV Credit-New.  If you are married filing jointly, the income limit is capped at $300,000, any other status it is $150,000 and is worth up to $7500.  Contribute to an IRA Increase your W-4 withholdings.      However, this is really only loaning the government your money.  You are not getting anything extra back by doing this.   

Hi Hal_AI, Here is what I ended up doing and it has captured the $1114 as additional income on line 8 of my 1040. Made the 4000 update on the Student Information Worksheet. I skipped the Federal Review and did the Smart Check which said ready to check your federal return for errors. It came up with the 4,000 again and I had to check a box to do some type of review. It now shows when doing the smart check "Congratulations! We reviewed your federal return and found no error. If you feel I should do the work around instead let me know.  Thanks again.

i  need to know if I am required to allocate part ot the Capital Gain on the sale of a rental property  sold on Aug 08 2024.  The rental property is located in the State of MIssouri.   In 2024 I lived and worked in the state of Missouri until June 12 2024.  Do I need to allocate a portion of the capital gains on the sale of the rental property to MA since I technically relocated there on June 12, 2024.  Please inform.    

@acayot If you have a 6 digit PIN issued to you by the IRS you need to enter it in order to e-file.  Go to Federal>Other Tax Situations>Other Return Info>Identity Protection PIN and enter the six-digit PIN.