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No, you can wait until after you file your 2025 tax return, however itis important to complete the amendment as soon as possible on the chance there could be a small balance due based on all the income and the tax rate when complete.   @gk5040 

@Tulane This all looks to be good - I think you should be good to go on this!  Be sure to keep records of how you made all these determinations and file that with all the tax documents for your sister's return.

If the program is asking you for information about ‌Form 3554, but you don't need it, you must delete the Form.   To do this:   In your TurboTax account, select Tax Tools, then Tools, then Delete a form.  Locate "CA Form 3554" or "FTB 3554" in the list and select Delete.   If that doesn't work, go back to the California return, navigate to the Credits and Taxes section, and look for New Employment Credit Recapture. Ensure this section is completely empty.   If, after doing that, you still have the issue, then you may need to delete the California state return entirely and enter it again. Make sure you do not select the New Employment Credit section. To clear and start over, follow the next steps: Sign in to TurboTax Online.  Open your return by clicking the Take me to my return button. Click My Account and select Clear & Start Over. Refer to the link below for instructions on how to clear and start over. Choose whether you are using the Online or Desktop version.  How do I clear and start over?  

Yes, the IRS does publish the MeF (Modernized e‑File) XML schema and business rules for Form 1116, but they are not publicly accessible. They are only available inside the IRS’s Secure Object Repository (SOR) for registered software developers.   This is why TurboTax support can mention the rules, but you cannot view them unless you are an approved developer with an IRS e‑Services account.  Here is a link for more information about schemas and how you might be able to access them if you are a software developer working on tax-related software.

Assuming this form error relates to Section 199A QBI from Schedule K-1 (1065), please follow these steps:   You should have received Statement A (QBI Pass-Through Entity Reporting) with Schedule K-1 that provides specific information for Line 20 Code Z.   When entering your K-1, check that it has Box 20 Code Z. You don't need to enter any amount for Code Z.  Continue with the interview until you see "We see you have Section 199A information." Check the box that applies (usually the first option - income from this partnership). On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income. Check any other boxes that appear on Statement A and enter the related amount. Continue back to the K-1 summary page. If this doesn't resolve the message regarding code 20, please provide more information on the error message.

The program often treats California's Form 568 (Limited Liability Company Return of Income) as a separate entity filing.   TurboTax Online: Open your return. Look for the "Fix my return" button on your dashboard. Or... Under State Taxes tab, Click on California. Proceed through the  interview screens until you see the "Business Summary" or "Uncommon Income and Other California Adjustments". Look for "Is [Your Business Name] owned by a Single Member LLC?", and Select "Yes" (this will open the Form 568 interview again. TurboTax Desktop: Open your return. Click on Forms Mode (top right corner).. Look for Form 568 (left-hand column), and Click on it to open the form and look for highlighted red fields (these are the errors causing the rejection). If you don't see it, go back to the Step-by-Step interview, until you reach California Business section, and make sure the LLC box is checked. Usual Reasons for Rejection: California requires the 12-digit Secretary of State (SOS) file number. If this is missing or has a typo, it’s an automatic rejection. Make sure you’ve paid for the annual LLC tax (Form 3522). Sometimes the program will let you to e-file your personal 540 but forces you to paper-file Form 568. Check the "Filing Instructions" page in your PDF preview to see if it says "Mail this form."   Note: If still rejected or the program won't let you e-file, print, sign, and mail it. Franchise Tax Board, PO Box 942857, Sacramento, CA 94257-0500.   Include a note that the form is being filed via mail because the e-file transmission was rejected.

There may be something else contributing to your income. I suggest you look at your Form 1040 where you should see the capital loss on line 7(a). If that amount is -$3,000 then the capital loss is being properly reflected on your tax return. Also, you may have capital gain distributions reported on a Form 1099-DIV that would be netted with your capital loss reported on your Form 1099-B. So, you may have other capital gain income besides that listed on the Form 1099-B.   To view your form 1040 and schedule 1 to 3:   Choose Tax Tools from your left menu bar in TurboTax Online while working in your program Choose Tools Choose View Tax Summary See the Preview my 1040 option in the left menu bar and click on it Choose the Back option in the left menu bar when you are done

Yes, add them together. See the instructions below from Form 5329 instructions.   Lines 53a and 53b Enter the amount distributed towards the required minimum distribution from all plans. Do not include on line(s) 53a and/or 53b, any distribution(s) received after the deadline for taking the minimum required distribution or during the correction window. Correction window. The correction window ends on the earliest of the following dates. The date of mailing the deficiency notice with respect to the imposition of this tax; The date the tax is assessed; or The last day of the second taxable year that begins after the end of the taxable year in which the additional tax is imposed. @Marko13 

Because you live in Missouri and work in Kansas, you are a nonresident of Kansas. You should generally be filing a Kansas Nonresident Return (Form K-40) and, if Kansas tax was withheld, claiming a credit for taxes paid to your home state of Missouri.    Check your state tax return and make sure you are a Kansas nonresident and a Missouri resident.  You then need to remove the credit for taxes paid to another state on the Kansas return.     If you cannot clear the error, it may be easiest to delete both state returns, and then re-enter with Kansas (nonresident) completed first the Missouri.  

But then why force the recovery to age 85?  Because the Medicare and Social Security departments have many actuaries and huge amounts of data showing on the average that people born in the 1950s (the decade I chose for purposes of the explanation) live until 85 (I assume that they have excluded anyone who has already died, that is, if you are still alive now, you are likely to live to 85).   As the ssa.gov website says, this does not (and cannot) take into account any particular family or medical history.   And the question heard most, is why, if they owe us, do they get 21-30 years to pay it back. If we owe the IRS, we pay immediate, and 100%. Ask your Congressperson - they made the rules.   The next question, is if they owe, why can't we apply taxes owed, towards what they owe us? The IRS doesn't owe you anything, they are just declining to tax you on the cost or basis that you recovered each year.

ok I have amended my return and added years 2016-2024 in "other".  This has now increased my tax due to 280.  I don't understand why I keep owing more when my rental expenses are technically going up, by A LOT.  Last year when I filed the 3115, I paid an extra 65 USD in tax.    For QBI, the online software says that I don't have to be a real estate professional to qualify, but that I can pay others, like property managers, to manage the property.  when I said i didn't qualify, it said that it would still check for safe harbor QBI.  Why is this so confusing.  

Check your email address in the TurboTax account. See this for checking your TurboTax account information - https://ttlc.intuit.com/community/account-updates/help/how-do-i-update-my-turbotax-account-information/01/25927?search-action-id=613736573875&search-result-uid=25927

The distribution of your contributions is not taxable, however the earnings will be taxable income and you must know the amount. It should be the amount in box 2a. If there is a check in box 2b (taxable amount not determined) then you must know your contributions to determine the earnings portion that is taxable. Do not change the code that is listed on the actual 1099-R.   If you withdraw from a Roth IRA after the 5-year period but before retirement age (59 1/2),  contributions are always tax and penalty free. However, earnings are taxable and subject to a 10% penalty because the distribution is 'nonqualified' (age requirement not met), even though the 5-year rule is satisfied.   @tafranken123