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Yes, TurboTax offers the option to deduct your TurboTax Full Service fees from your federal (not state) refund. This option is called Pay With My Refund (also known as Refund Processing Service), and there’s a $40 processing fee charged by the third-party bank that handles the transaction.

1065 instructions for 14B  self-employment under the farm optional method on Schedule SE (Form 1040), Part II. However, thus may be inconsistent with the rules for the FOM.   see the instructions for Form 1040-SE https://www.irs.gov/pub/irs-pdf/i1040sse.pdf   

If your business is no longer trying to earn income, it is closed so no more expenses can be taken after that date (unless the expenses are a direct result for when the business was open).  Just because your registration has not expired does not mean your business is still 'open' and trying to earn income.

If you are self-employed, you will still owe self-employment tax (Social Security and Medicare tax).   If have any income that does not fall under the exclusion, that will likely result in income tax.   As for your actual question, I'm not sure how TurboTax is set up.  Logically, you should enter it on Schedule C then as a second step in the foreign exclusion section indicate that is the amount that is eligible to be excluded.  But I am not certain how TurboTax is set up.

@erin-lynn-mcintosh wrote: The code is B for box 14, is that the problem?   Yes.  There isn't also a code "A"?   Did the business have a profit in Box 1?  Or Guaranteed Payments in Box 4?  Or if box 1 is a loss, is Box 4 larger than the loss in Box 1?  

If you entered incorrect banking information for your refund, you can change it if your return is rejected.  If it is accepted, however, it is too late to change it.  The bank will reject the refund and send it back to the IRS.  Then the IRS will issue a paper check and mail it to the address you put on your tax return.  Expect a delay of at least a couple of weeks to receive your refund. Here is what the IRS says about entering incorrect banking information https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/refund-inquiries/refund-inquiries-18       If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct.  And…open all mail, even if it looks like junk mail.               REFUND PROCESSING FEE     If you chose to have your fees deducted from your federal refund, but entered wrong or closed bank account information for your direct deposit, you are going to have an aggravating, frustrating situation.  Your refund will go back to the third party bank. The third party bank might issue and mail you a check, or they might send your refund back to the IRS and then you will have to wait for the IRS to mail you a check.     If the third party bank mails the check, it will come in a plain envelope via first class mail so make sure you open all mail and do not assume anything is junk mail without opening it.  While you are waiting, make sure that the address you entered on your tax return is correct, or your problem will be even worse.   When you choose “refund processing” your refund goes FIRST  from the IRS to the third party bank.  Then the bank takes your fees out of your refund and sends the rest of the refund to you.     What is Refund Processing Service?         Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction.    You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com   

Once a tax return has been filed and accepted by the IRS the method of receiving the tax refund cannot be changed.  Sine the bank account for the direct deposit of the federal tax refund is closed the bank will reject the deposit.  The refund is sent back to the IRS where they will then mail a refund check to the address on the tax return.

Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery

Payment was posted and I owe nothing for the tax year 2024 then why is it still pending???? I paid the due amount one week early and not on 4/15 like I designated when I did my taxes with Turbo Tax. No, they did not help me.