IRS reported an error in my 2024 return with a large amount due. TurboTax support helped me fix the return (Jan 23 ending at 6:46 pm). We were not able to identify the underlying problem.
In preparing my amended return I have identified the bug -- actually four problems. The problem reported below and missing checks for an incomplete Form 1116 and $0 for taxable Social Security with no foreign income. TurboTax should always generate a PDF of all forms and worksheets for review.
Steps-to-Repeat on Token number 74757755-10360960
1) Use TurboTax in Forms View
2) Set Box 7a (Foreign Tax Paid) on the first Form 1099-Div
3) Prior to submitting the tax return, switch to Step-by-Step
4) Go to Federal Taxes > Deductions & Credits > I'll Choose > Foreign Taxes
5) Answer Yes to "Do you now want to try"
6) Click Continue > Take a Credit > Continue to 'Where did you receive Dividend'
7) The Federal Tax increases, easily missed
😎 Go to Forms View. An error is flagged for Form 1099-Div
9) BUG -- visit the Social Sec form. Line 1b (Benefits exemption from U.S. tax) equals Line 1a.
10) Clear the flagged error by clicking Box 7a (Check to deduct foreign taxes on Schedule A)
11) There is no Form 1116.
12) As expected, the Social Security Worksheet was not included in submitted tax forms.
13) Form 1040 line 6a (Social security benefits) is set and line 6b (Taxable amount) is $0.
14) Fix the bug by answering 'No' at the previous step 5.
15) Next time I'll print out and review all forms and worksheets.
