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The Underpayment Penalty interview under Other Situations you mentioned does not exist in California section. It only exists in Federal Tax section. I went to that section and it only asked about tax liability transferred from 2024 federal tax liability, nothing about last year California tax liability. I check CA Form  5805 part II line 5 and it is empty. It should have 110% of last year CA state tax liability. Like user PF13502 said and did, the penalty went away once I manually entered the correct value. I am also a software developer and I think you should report this as a software bug to your development team. Thanks!   @MonikaK1

If TurboTax won't accept your driver's license Document ID number, you can try clearing your cache and cookies and then going back in and try entering it again.  Click here for How to clear your cache. Click here for How do I delete cookies?   If this does not work, you should be able to continue without entering a document ID Number. Select the option "I do not have a drivers license" if it is available.   For many state returns that ask for a Document ID Number, you can actually leave the document ID (8-10 alphanumeric characters) blank and continue to e-file. Some States may require this number and you will have to print and mail your return instead. If you are in New York, you can find the Document Number (an 8 or 10-character combination of numbers and letters) on the back of your NYS Drivers License in the first line of text after IDUSA. You will not enter IDUSA as part of your document number.  You will enter the numbers or characters after IDUSA.   You can see examples at the New York Department of Motor Vehicles website. Please return to Community if you have any additional information or questions and we would be happy to help.  

Yeah, the THECB basically just told me to kick rocks and they're not wrong, even though I could simply articulate why a 1099-NEC doesn't apply. Very difficult to get through to the IRS this time of year, especially for general questions. The issue with 1099-NEC, is as teachers - not only would we now have to file as self-employed, pay fed taxes on the forgiven amount, but also pay self-employment tax on the forgiven amount (about 15% tax). So, we're talking easily 40-50% tax on the forgiven amount.

You may be seeing an adjustment on your CA (540) because, although the State of California now fully complies with federal IRA contribution limits, that was not always the case.   If you have IRAs from the years when California was not in compliance with Federal limits (1975-76, 1982-86), an adjustment in your CA (540) means TurboTax is making the adjustment so that you do not pay California tax by subtracting that basis.

In TurboTax Online, you may return the Federal income tax return or the Michigan income tax return to review the entries.   Return to the state income tax return by following these steps:   Click State Taxes down the left side of the screen. At the screen Status of your state returns, click Edit to the right of the state to be reviewed. Select Start for a specific section or Go over XXXX again to review the entire state income tax return.

As a side note ... did the Partnership file an extension?   It sounds like the husband is now the sole owner of the business, which would mean the Partnership ended in September.  Unless an extension was filed, the due date of the Partnership return was December 15th.

Well, I’m not questioning the calculation on sch 1-A as that seems to be working properly.  The issue is the $$’s on line 37 aren’t being entered on the 1040 line 13b.  Line 13b is blank in my file.  Don’t know if it’s a bug in my Mac desktop version or if there’s a way to manually input the $$ amount as work around?

@QNNC wrote: TT25 Premiere Desktop to Desktop (macOS Tahoe). I've used TurboTax for over a decade, not a nube.  Tried selecting the file found (.tax2024) and browsing with the same effect.  Click on Continue, get a little no-go sound and nothing else. There are multiple posts in this thread where Mac users have reported their workaround for a relatively simple fix to the "inability to transfer 2024 into 2025" issue.    Sometimes simply exiting TurboTax, restarting the computer, and relaunching TurboTax will work and retry the transfer.  Other users relaunched 2024 TurboTax and let it update and resaved the 2024 file. Other Mac users opened their 2024 data file with 2024 TurboTax then resaved it, being careful not to add encryption.  Read through this thread and you'll see several Mac users reporting what worked for them.

I received this as well. All info I've read the 1099 should be a 1099-C, as it's a direct payment to a student loan servicer for debt forgiveness/repayment. Definitely not a 1099-NEC because that implies I had a working relationship with the Higher Ed board (We didn't). I'm currently calling the IRS and will update if I get any other info on how to report it. Also sent multiple emails to individual Texas Higher Ed departments on the matter.