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That does not make sense to me. The form incorrectly calculates my 2025 LLC tax as $0 if I check final. That is incorrect and it is a bug in TT. The tax liability for 2025 when the business was still running is $800. This is also the amount that I have already paid for year 2025. So it should balance it out and show $0 balance. Nothing to pay, nothing to get as a refund.   Per FTB documentation, I have to check Final Return or otherwise they may expect another $800 for year 2026 and so on, because I did not follow the correct process to shut down an LLC.   Can this bug be addressed in TT please?   Right now the only option I see is to print out the CA return, manually fix it, and send it by mail. Not great.

If the student is your dependent, has not claimed AOTC 4 times, no felony, etc and you paid $4,000 towards tuition, you should be able to claim the credit. Double check the 1098-T. If box 5 and box 1 are the same or box 5 is bigger, then you didn't pay the tuition, the scholarship did. The only way for you to claim the credit is if the scholarship was not required to be used on tuition alone; but, could also be used on room and board. In that case, you need for the program to understand you paid $4k of the education by moving the scholarship money to taxable income. For example: Box 1 is $20,000 Box 5 is $20,000. No AOTC for you unless scholarship was allowed to be used on other expenses.  The easiest solution is: Parent to enter Box 1 $4k Box 5 0. Student return enter Box 1 actual amount minus $4k  Box 5 enter full amount. The 1098-T is an informational form, not a tax form. You should use it to enter correct tax information. This gives your student the correct taxable income. Your student may not be required to file a return and it may trigger the kiddie tax.   Reference:   What is the Kiddie Tax?  Do I Need to File a Tax Return?  @user17737503813 

If you have two W-2 forms with the same Employer Identification Number, and they withheld more than the maximum Social Security withholding ($10,918 for 2025), you should go to the employer and ask them to issue you a corrected W-2 and refund the excess Social Security withholding back to you.    If the employer refuses to correct the W-2, you can claim a refund of the excess Social Security tax withheld on Form 843.  This form is not supported by TurboTax and cannot be e-filed.  It will need to be filled out manually and mailed to the IRS.  See Can I get a refund for excess Social Security Tax withheld? for more information.  

You will need to pay it.  You can do this when you send in your amended return or by mail or on the state website afterwards.  If you cannot afford to pay it, you may be able to request a payment plan with the state.  Which state is it?   Basically this happens because you added income which increased your taxable income in turn causing your tax liability to increase.  If your refund was say $2,500 without the 1099-B, but it is telling you, you owe $300, it just means your refund should have been $2,200 if you would have had the 1099-B included on the original return. You are simply having to pay back the excess amount that you received as a refund. 

Continue the 2025 tax return you want to amend -   Click on Federal Taxes (Personal using Home & Business) Click on Other Tax Situations Under Other Tax Forms On Amend a return, click on the start button

Since you have the Desktop program check here Forms view Info Worksheet, Part VI-Additional Information for Your Federal Return, it had automatically checked the box to take the Standard Deduction even if it is less than Itemized Deductions   See this thread https://ttlc.intuit.com/community/taxes/discussion/standard-deduction-vs-itemized-2025-taxes-turbo-t...

Do not change your tax return until you read all the instructions. TurboTax needs to know the original numbers and the corrected numbers to provide the correct end results before you prepare it.   If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Amend a tax return for the current tax year   @blue36 

No.   Cashing out your IRA before age 59 1/2 will incur income tax and a 10% early withdrawal penalty on the amount withdrawn.   Paying off your house is not an exception to the early withdrawal penalty.   See this TurboTax Help article.

Sorry-no.    If you take money from your IRA before you are 59 1/2, you will pay a 10% early withdrawal penalty plus ordinary income tax.    There is an exception for using IRA money for a down payment, but not for paying off an existing mortgage.

You can't do a bulk edit for your 1099-B transaction.  You can review each one, delete the import and re-import (you may have the same problem), or you can delete and enter the summary totals instead of individual transactions.  To do so, while working in your return:     In the wages & income section, Select "Investments and Savings...."   On the page "Did you have investment income in 2025?"  Answer Yes, or If you've already started the section, click on "Add Investments" at the bottom of the screen On the page "Let's Import your tax info" click on "Enter a different way"  Select "Stocks, Bonds, Mutual Funds" on the page with "OK let's start with one investment type"  When asked "Which bank or brokerage is on our 1099-B?" enter the name of your or broker or mutual fund company, leave the other fields blank. Click Continue  Answer the next three or four questions  Answer Yes to "Did you buy every investment listed...." (unless you inherited or were gifted the funds)  Select "Sales Section Totals"  Locate your sales section totals on your 1099-B  Enter your Investment Sales Section Totals and repeat till you have entered for each category.  After entering all your sales section totals,  Look for "Now we'll help you upload your 1099-B since the IRS requires a copy" and follow the instructions,  or you can mail a paper copy of your 1099-B to the IRS.  If you want to mail, click on "How do I mail my statement".     Take a moment to double-check that your statements are complete. For each sale listed, there should be:   - A Description   - Date Acquired   - Date Sold   - Sales Price   - Cost Basis   - Gain or loss for each sale   - A based on how the sale was reported to you and the IRS   In some uncommon cases, there will be an adjustment code and adjustment amount.      NOTE: Any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS.      Here's how to mail your statements:   If you are e-filing your tax return, then mail your statements along with Form 8453 to:     Internal Revenue Service  Attn: Shipping and Receiving, 0254  Receipt and Control Branch  Austin, TX 73344-0254 

If you didn't file 8606 in 2024 you would need to do that to get the basis correctly recorded for 2024.   For your 2025 return, there is the question in the IRA section "Did you have any nondeductible IRA contributions to your traditional IRA from 2024 or prior years?" you would say Yes to that and provide the updated basis $2000 to reflect that on your 2025 8606 Line 2.   I don't think you need to wait to file 2024 8606 before you can file 2025 but at least have it prepared to confirm the outcome on 2024 8606 Line 14 which carries across to 2025 8606 Line 2.   See the comments under "If your conversion contains contributions made in 2025 for 2024" at end of this article if 8606 wasn't filed.  This article suggests to just mail in Form 8606 to record the basis if it was missed.  Other advice in this forum has been to file 1040-X but I am not sure the criteria for that, that may be better for changes to an existing 8606.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US   Not a CPA but this is my understanding based on what you've described.   @dmertz 

You missed something in MY INFO.   Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2025 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   If your dependent was a full-time college student, make sure you were careful on the MY INFO screen for “Uncommon situations” and that you indicated there that they were a student.