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I read on another thread with a similar question that the simplest thing would be fo me (parent) to put $4,000 in box one and $0 in box 5.  Then, my son would add $4,000 to his scholarship amount on his taxes, so he would pay taxes on that amount.  Would that also work?

The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately

It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info. 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    

The deduction is automatically calculated by TurboTax if you qualify. The calculation will appear on Schedule 1-A page 2, Part V Enhanced Deduction for Seniors, which is then carried to your Form 1040 line 13b.    The maximum deduction is $6,000 for each person 65. There is a phaseout of the deduction once your income (MAGI) exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). On a joint return the phaseout is calculated separately for each person.   On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. This deduction is intended to provide tax relief for seniors and is in addition to the existing Standard Deduction or your Itemized Deductions. Expires December 31, 2028.

In MY INFO you will be asked if you lived or worked in another state or another country in 2025.   You will need to choose that you lived and received income in a "Foreign or U.S. territory"    You will be navigated to follow up interview questions regarding the income you received in the U.K.

You can skip the import and type them in, if they have a tax consequence. Any Q forms used completely for tuition, room and board, and other eligible expenses, should not be input. IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.   Taxable distributions should be entered. Hopefully, not both were taxable and you can enter one or none.

Thanks for your response. I guess I could not report the interest expense and it won't get tax deducted.   I notice that while filling K-1 information, after filling all the income and losses, we get "Describe the Partnership" page where it has option "I have at-risk loss". If I click it, it opens up "Enter your at-risk loss carryover on the Form below". It shows a "At-Risk allocation worksheet" which has columns about "Total current loss", "Carryover prior year loss", "Allowed loss", "Disallowed loss". It seems may be this is a place where disallowed loss can be put in? Anyone has experience working with this "At-Risk Allocation worksheet" in regard to K-1, it may perhaps be used in my case to make Turbotax do the right thing? Thanks

In this particular instance you may be better off leaving the non-depreciable off of the tax return.  Since it has no effect on the return until you sell the property then there is no need to enter it at this point and you can just enter it as part of the sale when and if that happens.

Yes.   You cannot pay your state tax due from a federal refund.   The only expense you can pay from your federal refund is your fee for using TurboTax.   You must pay the state tax due yourself.     You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  

You can get to the screens in TurboTax to correct your HSA information using the steps listed below.    Click on Search at the top right of your TurboTax screen Type HSA in the search box Click on the link Jump to HSA Your screen will say Select the health-related accounts you had in 2025 Click on None of the above and Continue Continue through your screens to answer any follow-up questions Depending on what was input in your return, you may also have to delete Form 8889 if one was created   To delete Form 8889-T/S using TurboTax Online you can: In your left panel of your TurboTax screen click on "Tax Tools" And then Click on "Tools" Click on "Delete a Form" Scroll through your list of Forms Click the garbage can next to "Form 8889-T/S" To delete Form 8889-T using TurboTax Desktop, you can: Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode" In your left panel scroll down and look for "Form 8889-T/S" In your right panel at the bottom of Form 8889-T/S, click on "Delete Form" Click on "Yes" to confirm the deletion.   Click here for What is a health savings account (HSA)?   Click here for Basics of Health Savings Accounts   Please return to Community if you have any additional information or questions.

It's a two step process.  Step 1 -The program will allow you to mark that some or all of the scholarship went against tuition from a prior year.  After you enter the 1098-T and go through education expenses Look for screen asking if you have any situations for the scholarship.  Select some of the aid wasn't awarded for 2025 expenses.  Enter the amount applied to prior year. Step 2 - look at prior year return and make sure you claimed this scholarship income last year. You may need to amend the prior year return.

The amount on CA Form 540 Line 21 for other expenses may represent fees for consulting, professional services, or other miscellaneous fees and services. The description is a software abbreviation that may not directly relate to the expense you entered. The amount may be a total, not a single entry.

Hi Mark, This is a wonderful response, but at this point, I prefer to make the corrections needed for the individual entries.  I am sorry that I did not make that clear. I already know why companies might check the B and E designations.  However, in the past, I provided WF with a copy of all of my updated cost basis figures.  That is why each and every one of their figures is correct and identical to mine.  When I am re-entering the info for those investments that have Box E or Box B checked, I am re-entering the exact same amount , but in a different way.  Is there something wrong with this technique?  It was suggested on this Community site.  If I have decided to take the correction path, are you saying that even though I am re-entering each individual B and E Box entry, I must still keep the phrase “Short term basis not reported to the IRS (noncovered)?.”  (This is my main concern.) I previously went onto the WF site and had them electronically send the information from my WF 1099 to Turbo Tax.  That being the case, do I still have to upload a copy of my 1099-B to Turbo Tax for the IRS?  I prefer not to mail anything in if at all possible.  Thank you for your help.  I also would appreciate a response from anyone who has made corrections to their own B or E. Sincerely, Cathy