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"mail a ton of paperwork to the IRS. " @steyaert  How to file: Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return. Include any new/corrected tax document only if it shows federal tax withheld, and include in order only those Sequence Numbered tax forms and schedules that changed or were added due to your amendment.   Attach the schedule or form(s), if any, that you used to figure your revised tax (LIne 6). Don’t attach worksheets.   Mail to the address shown for your location in the most recent Instructions for Form 1040-X.

Your cost basis of your living mom's home is the same as her adjusted cost basis (carryover basis) for your proportionate share. Her adjusted cost basis is generally the purchase price of home + any improvements over the years.    Record the sale in the investment section under the 'second home' category. 

No, tuition doesn't expire. Anything that's not used or transferred to a family member will carry forward indefinitely. Your daughter can check if they have any unused tuition available in their CRA My Account.   

I mentioned EVERYWHERE that value shows in the form.  Taxes WERE calculated from the capital gains worksheet.  It's just column A came from the capital gains worksheet as the total.  That value was also line 16 on the 1040 that was filed.  Labeled "Tax."   The newly reformed 1040 had the value of from the capital gains worksheet on line 16 of the new 1040 form.  $42 more than the filed version.  The value in line 17 was identical ($950) and column C on the 1040X came from line 18, so it was $992.  Since I already paid the $950 in the filed 1040, it should NOT be added to my tax bill when filing a 1040X.  (Or it should be in column A to say that it hadn't changed.)   If TurboTax had stuck with line 16, OR line 18 (or line 24) from the 1040 forms for all columns on line 6, my tax due would be $42.  Instead, since it used 16 for column A (or the capital gains worksheet value), and line 18 for column C, I supposedly owe line 17 again, which I already paid for.  (Line 17 is identical on all 1040 forms.)   Can I manually manipulate the 1040X?  Personally, I'd think this would be an easy bug to track down (being a retired computer programmer) if it gets to an actual programmer.  Using the same value on 1040X line 6 makes sense and TurboTax is OBVIOUSLY not doing that.  Then, I might even be able to e-file the 1040X...   I am tempted to start a blank 1040X from the IRS, put the proper values in because TurboTax obviously can't currently, although then I need to mail a ton of paperwork to the IRS.  I believe 1040X is now e-fileable, so that'd be easier, IF TurboTax can create the proper values.   Personally, I'd be shocked if I'm the only person that has run into this.  It's pretty obvious if there's a value on line 17 of both versions of the 1040 form.   Terry

@Spayne5171 wrote: Yes, same thing here. Not quite 700. Short, but about 1/2 of my refund is missing. How do I get this fixed? This really sucks :( Is the amount sent/issued by the IRS the same as the refund amount shown on your federal tax return Form 1040 Line 35a? - https://www.irs.gov/refunds If not, then go to this IRS website for information on reduced refunds - https://www.irs.gov/taxtopics/tc203 Are you also receiving a state tax refund? If so, the state refund is sent directly to you based on how you chose to receive the state tax refund, it does not go through the third party processor. Use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund   If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the $40 service charge deducted. The third party processor will deduct the TurboTax fees plus the $40 service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return. For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website - https://www.sbtpg.com/ Tax Products Group Contact Information - https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information Call 1-877-908-7228 Or email - TPG-CSsupport@greendotcorp.com

The Standard Deduction is automatic unless you have entered itemized deductions which is greater than the Standard Deduction for your filing status. If you are a dependent and your taxable income is less than the Standard Deduction for your filing status then that income is shown as your Standard Deduction. The Standard or Itemized deduction is shown on your federal tax return, Form 1040 Line 12   Standard deductions for 2024 Single - $14,600 add $1,950 if age 65 or older Married Filing Separately - $14,600 add $1,550 if age 65 or older Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older Head of Household - $21,900 add $1,950 if age 65 or older  

Did you make a copy or a new version of your return after paying for it? The payment stays with the original return and doesn't transfer to any copies or new returns.   If you need more help with this issue, please contact our phone support team.    

Why do you think you had to select standard deduction?   Unless you entered enough itemized deductions to exceed your standard deduction, the software defaults to standard deduction.  Further, your question is posting from the Free Edition, which does not support entering itemized deductions.       Look at your Form 1040.  You will see your standard deduction on line 12.

Cela signifie que vous avez effectué votre achat en magasin et que vous auriez dû remplir une demande de remboursement. Si vous l'avez déjà fait, veuillez la remplir à nouveau et vous assurer de la soumettre. Comment demander le remboursement d’un logiciel TurboImpôt?   Merci d'avoir choisi TurboImpôt.

@Klaw2 wrote: I appreciate the information above. One lingering question is if the payments can be spread out over that 12 month period? For instance can you take say $4,000 immediately and then the other $1,000 several months after? You can make more than one withdrawal, the combined total can't be more than $5000 per birth or adoption, and within 1 year after the date of birth.