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You need to provide some additional information: What return are you preparing? Doesn't appear you are completing the partnership return? Clarify which return type you are preparing. Is this a liquidating distribution from a partnership? Did you receive a final K-1? Have you maintained your tax basis? What else was distributed? Not sure I understand "final distribution of a partnership assets that was sold in 2022? Are you now just distributing out the cash received by the partnership in 2022?  

I think Fidelity gives different discounts depending on the kind of account you have or the amount you have invested with them.   You have to get the Fidelity discount by starting on this page. If you are not already logged into Fidelity it will give you a log in box. https://www.fidelity.com/accounts-trade/turbotax-discount   That will give you the page for Online Turbo Tax.  Or I have steps to get the Desktop download program.

Another Proof of clear BUG in TT 2024 Amend feature of the software.. It clearly says No difference detected because I internally did not make any change to check what software will does at the end. This initial Fed Due is causing my return due even though I am suppose to be eligible for return because I am removing dependent reported income in my tax return. I hope TT is reviewing this thread and address the issue ASAP. I appreciate the hard work development team puts to make the software great.  

Q.  Is the $6000 basis portion of the 529 distribution non-taxable because it is not earnings? A. Yes, but it is not "deducted off the top". The taxable portion of the earnings is determined by a ratio of the non qualified portion of the distribution, if any, to the total distribution.    Q. Can he  take the American Opportunity Tax Credit (AOTC)? A. Yes, but the qualified portion of the 529 distribution will be reduced by the amount of expenses (most likely $4000) used to claim the AOTC, making part of the distribution (w/d) taxable on your return.    Q. I am thinking because the $6k Basis portion of the 529 withdrawal is greater than his $4k AOTC limit, his AOTC eligibility should not be hindered by the 529 w/d on my return?  (Since there is no "double dipping", correct?  A. No. The simple explanation is: it doesn't work that way.  See the math below. There is double dipping.  But, you two get to decide how to allocate the expenses between you for the best outcome (him using $4000 for the AOTC is almost always the best way to go).      $13,000* in educational expenses (including room & board).     -$4000 used to claim the American Opportunity credit on student's return  =$9000  expenses Can be used against the 1099-Q (on your return)   Box 1 of the 1099-Q is $13,000 Box 2  (earnings) is $7000 9000/13000=69.23% of the distribution is qualified, so 30.77%  is non qualified. This means 30.77% of the earnings are taxable 30.77% x 7000= $2154. There is  $2154 of taxable income on your (the recipient of the distribution) return. Multiply that  by your marginal tax rate (e.g. 12% x 2154 = $258 in tax) to compare to the $2500 AOTC your son (probably) gets.    * It wasn't clear whether your total expenses are $13,000 or $18,000.   You taxable income will be a little more with an $18K distribution. 

The taxability of Social Security has not changed for 2025.     Whether your Social Security income is taxable depends on your total income, including your Social Security plus any other income. Generally speaking, if your only income is Social Security, you probably do not make enough money to be required to file a federal tax return.   The Social Security Benefits Worksheet determines the taxability of Social Security in your income tax return.  See IRS Publication 915 page 16.   Social Security benefits are reported on line 6a of the IRS form 1040.  Taxable Social Security benefits are reported on line 6b.   See this TurboTax Help.

I recommend that you go back to the beginning screen that lists your K-1's. and click "edit". Go back through each screen.  At one point you will be asked to "click" on a radial button to indicate that you have a figure on a specific K-1 box. Once that is completed, as you go through the next screens you should be able to input the necessary information on the K-1.

To adjust the cost basis for a home that was inherited for improvements before selling it, you can add the cost of capital improvements to the property’s fair market value at the date of the decedent's death.    This is referred to as the  "stepped-up" basis. It reduces the capital gains tax. You should keep detailed records and all receipts, and invoices from contractors for all improvements made in order to to justify these adjustments.   Where do I enter the sale of a second home, an inherited home, or land on my 2025 taxes?   Do I need to report inherited property or land?   Tax Aspects of Home Ownership: Selling a Home   If you have additional information or questions regarding this, please return to Community and we would be glad to help.

When the browser window opens to Sign In to your broker account, try clicking on the icon in front of the URL address, then choosing 'Allow' for Local Network in Settings.   @Crunchie2000     

Actually I would just enter your total income as Other self employment income or as Cash or General income.  You don't need to get a 1099NEC or 1099Misc or 1099K.  Even if you did you can enter all your income as Cash.  Only the total goes to schedule C.   How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

While the total is correct, the areas placed are not. The software recategorized $1568 from dividends to interest during the transfer. How the information was originally received may have affected how the program looked at the numbers.   If you want to let the developers know, you can. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.  If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.

Yes, you can add as many 1099s as you need.   There should be a box on the self-employment summary screen that says, Add income for this work.    Does a 1099-NEC or 1099-MISC mean I'm self-employed?       How do I report income from self-employment?          

@r1milam wrote: When I try to create another account with the same email address, it is not allowed. It says the email address is already associated with another account. If you are referring to the User ID, that's correct.  Each User ID to establish an account must be unique.   Once the account is created, however, in the account settings you "should" be able to use the same notification email address in more than 1 account, such as if a parent wants to get the email notifications for a return they prepared in a dependent's account, etc.

ok good news glad it worked out.  be sure to check the basis carried over from 2024 if this was a non-deductible contribution and you have the right tax outcome on your form 8606 and 1040 Line 4b.   Note also if you didn't file Form 8606 in 2024 for a non-deductible contribution you would have to go back and do that also - see notes at the bottom of the Turbotax help page for backdoor Roth in previous comments.

The IRS rules for the Child and Dependent Care Credit are very specific. To qualify, an expense must be "work-related," meaning you paid for it so that you could work or look for work.   While the cost of the actual care (like a daycare center or after-school program) is a qualifying expense, the IRS explicitly states that the cost of food, clothing, and education is not. Since school lunches are considered a personal living expense rather than a care-related expense, they do not count toward the credit.   Even if the lunch is provided by a daycare center, you can only include the cost if it is inseparable from the care itself. If the school or care provider lists the lunch as a separate fee, it must be subtracted from your total qualifying expenses.