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What would be the simplest Plan B if I'm getting a refund but need an extension because my K-1 won't be final until after April 15 - create an account with a different online provider and file the extension through them? I called TurboTax on Tuesday and was told the glitch in EasyExtension would be fixed today (Thursday, 4/9). Of course, that's not the case. Ridiculous that they expect us to continue trusting them with our tax prep needs when they can't or won't correct a glaring error in their extension software.    

It depends. The IRS requires a separate Form 3468 for each facility or property generating a credit.   Since a single K-1 "Schedule K" line item usually lumps these credits together, TurboTax can't "auto-split" them into multiple 3468s. Thus, it tells you to do it manually.  TurboTax has a "Check This Form" error trap. It sees an entry on Form 3800 (General Business Credit) or Form 3468 and "knows" there is a K-1 in your return. It forces a link to ensure the numbers match exactly to prevent math errors. When you link it, the software pulls the total from the K-1, but because you also manually entered the data on the 3468s, it double-counts the credit.  To satisfy the software’s need for a link without doubling your tax credit, you have to "zero out" the automated path. Try this workflow:   Keep your Manual 3468s: Ensure you have created the individual Form 3468s for each facility as required. Go to the K-1 Entry Screen: Navigate to your S-Corp K-1 "Step-by-Step" interview. Adjust the Credit Entry: When you reach the screen for "Statement Details" or where you enter the specific credit amount from your K-1 (usually Box 13 with a code), remove the dollar amount there. Use the "Link" on the Worksheet: * Go to the K-1 Additional Information Worksheet (Forms Mode is easiest for this). Link the K-1 to your manual 3468s. Since the K-1 "source" now has $0 (because you removed it in step 3), the "link" will technically exist but will carry over a value of zero, leaving only your manual entries to populate the final 1040.   A "Forms Mode" Tip (Mac) Since you are on the Desktop/Premier version, use Forms Mode (Command+R) to look at the Form 3800, Part III. Check the "Source" column. If you see two lines for the same credit—one from "K-1 S-Corp" and one from "Form 3468"—you know the double-count is active. Delete the one originating directly from the K-1 input. Why does the help text say "Do not link"? The help text was likely written by a technical writer focusing on IRS compliance (the need for separate 3468s), whereas the "Error" you are seeing was written by a programmer focusing on data integrity (making sure K-1 totals match the 3800).   By manually entering the facility data on 3468 and zeroing out the "summary" line on the K-1, you satisfy both the IRS and TurboTax's error-checker.

The formula that TurboTax uses, which is described on page 24 of the Ohio IT-1040 instructions, is to make a ratio of the number of years of military service divided by (the number of years of military service plus the number of years of civilian employment with the US government) and multiple this ratio times the federal civil service pension attributable to military service. This gives a deduction that is subtracted from Ohio taxable income on line 2b on the IT-1040.   In the example given in the Ohio IT-1040 booklet (link above), the amount of pension in line 1 of the IT-1040 was $90,000, the number of years of military service was 10 years and the number of years of civilian employment within the US government was 20 years. This gives us 90,000 times (10/(10+20)), or 90,000 times 1/3, or 30,000 for the federal civil service pension deduction.   In the step-by-step interview for Ohio, on the screen with the title "Military Retirement and Civil Service Pension Income", you would enter zero for the military retirement income, 90,000 for the federal civil service pension income, 10 years in the military, and 20 years for the time in the US government.   Given the formula above, the deduction is smaller when the years of military service is smaller, so your Ohio taxable income increases along with your tax.   I do not see how "I get more back when I have Zero military service". If the number of years of military service goes to zero, as you say, then the Uniformed Services Retirement Income on line 34 on the Ohio Schedule of Adjustments goes to zero, so the deductions against Ohio income are smaller.   Perhaps if you would tell us what your numbers are above, so that we can see what you are talking about. Note that we in the Community cannot call you.

My problem is the same for 2025. I'm 83, DOB 10/26/1942. Hard for any software to think I'm under 73, BUT,  it isn't asking about my RMDs (3 1099Rs) and not applying the data I enter on the Forms screens for each 1099R I have. Very frustrating. Did not ask if I had RMD to enter when I started entering 1099Rs. This software has some serious problems. I think next year I'll go with H&R Block.  

I have reviewed your return and noticed a couple of things.  There seemed to be some confusion about California residency. For tax purposes, your child is a California non-resident for the entire year because he/she is only residing there for educational purposes only. Go back to your California return and go to the General Info portion and don't enter move-in dates.  Just answer the questions that will indicate they were a non-resident for the entire year.   Now to address how the $5217 number appears in line 18 of the 3800. For California non-resident filers, Line 18 on the 3800 compares the tax of the child based on their income and the tax  on your return based on your income. Whichever is the highest, that amount is reported on line 18.   Since your tax is higher, your child's tax rate on their income is charged at your tax rate rather than theirs.       

The wages and unadjusted basis of qualified business property (UBIA) would be included in your rental entries. It is likely that you don't have any wages, since you are dealing with a rental. You may have UBIA, however, since you likely have rental assets, such as the building and furniture and equipment. That would limit your deduction to 2.5% of the undepreciated value of your rental assets.    I suggest you look on the QBI component worksheet for Enterprise #1 as mentioned by @PatriciaV and see if you can enter UBIA for the rental property. It would be the cost of your assets less the depreciation taken on them. Also, you can only use an asset for UBIA purposes for ten years.    

Once you trigger the logic for a "missed" RMD, the program locks you into that workflow.  The most reliable way to reset this is to delete the Form 1099-R and re-enter it.   Open or continue your return. Under Federal tab, Click on Wages & Income. Find the IRA, 401(k), Pension Plan Withdrawals (1099-R) section, and Click on Edit/Add next to your 1099-R. On the summary screen, click the Trash Can (Delete) the form that is causing the issue... Confirm you want to delete it. Click Add a 1099-R and enter the information again. When you reach the RMD questions, simply answer "No" or "This was not an RMD". If the program thinks you missed an RMD, it may have generated Form 5329 (Additional Taxes on Qualified Plans).   Click on Tax Tools, then Click on Tools, and finally Click on Delete a form. Look for Form 5329, and Click Delete next to it. Return to the 1099-R section (the boxes should now be clear).

I installed Adobe Reader but when I try to print a tax form I get an error message. The message says that Turbo Tax could not print because it was not a supported file type or file has been damaged.  

Form 5695 is an IRS issue where their database does not accept QMID codes with "I or O," which should not be an issue for the clients. I feel TurboTax should have had an alert to notify clients when they used such a code. They should have provided a work around as IRS states for this issue. Also, that should be a simple programming issue to accept a set pattern of characters.

If the distribution is from the principal of the trust as opposed to an income distribution, it would not be taxable. Often the distribution from a trust is not taxable, rather it is used as a basis to calculate your share of income of the trust that is taxable to you. Your share of income from the trust that is taxable to you should be listed on the K-1 form you receive from the trust. You can ask the trustee more about the purpose of the distribution and whether it is taxable to you, but in and of itself it would not be taxable.