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This is a claim of right repayment.    If the repayment is $3,000 or less, it is a miscellaneous itemized deduction and can longer be deducted.    If the repayment exceeds $3,000, you can only report it in the year you actually repaid the claim.   There are a couple of ways to get a tax break by reporting the repayment in the year of repayment:   You'll claim it as a simple deduction from the current year's income. This is the preferred option if you itemize your deductions   Use TurboTax Desktop to figure out the amount of tax you overpaid and take a refundable tax credit   Test both methods and choose the one that results in the lowest tax. Please read this TurboTax Help topic for more information.

No, you do not need to amend your 2023 taxes, assuming you entered the nondeductible contribution of $6,500 on your 2023 return. You should have a 2023 Form 8606 with a $6,500 basis on line 14, which will be carried over to line 2 of the 2024 Form 8606.   You cannot deduct your loss but if you convert the funds with loss then you will have a basis left on line 14 to use in the future. In your case, assuming your value was $0 at the end of 2024, you will have a $502 basis on line 14 of your 2024 8606 to use in a future year.   Please review How do I enter a backdoor Roth IRA conversion?

Without seeing all the numbers, it is possible that even without being married that they would have to pay all of it back except $300.  You can look at form 8962 to get an idea of why it is being paid back and the difference was only $300.  The premium tax credit is based on your income and family size compared to the Federal Poverty Level. For one person the poverty line is $15,060 for 2024.  For 2 people it is $20,440.  If you look at line 7 of your form 8962, you will see a percentage there.  You can use that percentage and compare it to this table.      

Once you submit your return in TurboTax Online, you'll see its status on the Tax Home screen of your account.  We'll also send you emails letting you know when your e-file status changes.    If your taxes are Accepted it is a good thing.   It means that their were no technical errors like Social Security Numbers that were wrong. It also means that TurboTax does not have any control of your  return. If you are being told that it's still in process, the IRS has not finished checking it out. The IRS has stated that the typical time to process a tax return is 21 days, but there may be delays for many reasons. TurboTax can only project the time to get your refund.  The IRS has the real control.   You can check the status of your tax return.  You will need: Social Security Number. Tax return year. Hilling Status. Exact refund amount Please click here to enter your information  Check Your Refund . If you wish to contact the IRS, you can call toll-free at 800-829-1040    You can also Check your State Refund.   Be sure that your return status is Accepted It should not show Pending, or Rejected The return will also have to be processed. Therefore there may be a time delay between Accepted and issuing the refund. Other reasons your refund can be delayed If you mailed your return and expect a refund, it could take four weeks or more to process your return. In addition some tax returns take longer to process than others for many reasons, including when a return: Contains errors or is incomplete Needs further review in general Is affected by identity theft or fraud Was referred to the IRS by the bank due to suspicious activity Includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit. See Q&A below. Includes a Form 8379, Injured Spouse Allocation, which could take up to 14 weeks to process And I'm sure a host of other issues

I suggest you run the Federal Review again. The Federal Review will highlight the error and allow you to correct it Located under Federal on the left sidebar. This will review what you've posted so far, and identify problem areas. You can enter corrections directly from fere.

You can claim the interest deduction, if you meet the three requirements: You paid the interest You are legally obligated to pay it (co-signing counts) The student was your dependent, at the time the loan was used to pay for qualified educational expenses (the TT pop up says “when you took out the loan”) The student loan interest interview is just two questions; did you pay interest and then enter your 1098-E info.  Even if you don't have a 1099-E, enter the info anyway. 

When I view the diagnostic copy of your return it shows no entry in box 7a. Have you tried deleting Schedule B and re-entering your interest and dividends manually? If you've imported those 1099s, this may be causing this error. You might consider deleting those 1099s with foreign income first to see if that will clear the error.   Otherwise, consider switching from TurboTax Online to TurboTax Desktop, where I see no error.  Other alternatives are to Contact Support, or to print your return and mail it.   [Edited 04/08/25|5:17 AM PST]   @murthydevarakonda 

Did you attempt to e-file? The program may show an error requesting the Social Security Number for your spouse, however it should allow you to proceed without it and e-file if that is the only error. 

Once your return is filled and Pending or Accepted there is no way to change your payment type on the original return. You do have some alternatives. You can make a payment and the account you posted to the return will not be accessed IRS Payment options You can contact the IRS, you can call toll-free at 800-829-1040 

If you only had $7K income, and are a FT student, under 24, you may still qualify as your parent's dependent.  They would qualify for the LLC.   Grad students are generally not eligible for the more generous, and partially refundable, American Opportunity Credit (AOC), except in the year they receive their BS/BA.  There is also a limit, of 4, to the number of times the AOC can be claimed.    

What version of TurboTax are you using?  Where are you looking for Hawaii?     If you do not use your home address, select I do not use my home address and then in the state drop down select Hawaii  

Did the IRS send a notice to explain the change?   Did you pay TurboTax with your refund? Did you owe back taxes or child support? You may be able to find something on your Online account for individuals

Thank you, I apreciate the reply. Unfortunately, it depends is tough to understand for two reasons: 1) TurboTax will not allow me to advance my NY return on the basis that any amount as a 529 deduct from a non-NY resident is unacceptable. So how is TurboTax making this determination? The decision appears binary, which seems to not depend on much beyond being a non-NY resident. 2) Understand it's not anyone's problem but mine, but I chose NYs plan given the tax deduction as a NY State tax payer. TurboTax has accepted this deduct for years under my same situation, but TurboTax changed only on this 2024 year's filing attempt.

Yes, for the first business, report that the vehicle was converted to personal use.  Enter the vehicle for use for the second business and enter the "basis/cost/value" adjusted for the prior depreciation taken when used for Business #1.   So if the cost was 50,000 and you took 20,000 depreciation, enter as cost 30,000.   If you take the Standard Mileage rate while using for business #2, the adjusted basis will not affect the mileage rate value, however, if the vehicle is later sold, that prior deprecation will need to be addressed as well as the depreciation equivalent in the standard mileage rate.    For the year it's sold, again report as converted to personal use first, then use the original cost and all depreciation for the adjusted basis and enter as a sale of a business asset.  

For tax purposes, yes, you can likely claim them as qualifying children as long as they lived with you for more than half of the year.   As for if her benefits will stop, that is not a tax question.  You would need to contact the welfare office to find out if you claiming them would cause her to lose benefits.