Dear @KathrynG3 ,
Thanks for your help. I followed your advice with one caveat and it seems to have worked. The caveat is that before I follow your: 'Option 1: You do not need Form 5049', I deleted the Form 5049 manually from my Form view (Top Left Corner).
Again, not sure if it is because they fixed it with the updates (since my question is about 3 weeks old) or your advice combined with deleting the form did the trick.
For other people, I am going to add my situation. I believe this is the same situation people are describing in this specific thread/forum and the solution above worked for me:
- The form 5049 is for Michigan. This is the Form: https://www.michigan.gov/documents/taxes/5049_674639_7.pdf.
- The form indicates: This form is intended to assist you to correctly calculate total household resources for the Homestead Property Tax Credit (MI-1040CR or MI-1040CR-2) or Home Heating Credit (MI-1040CR-7) when married, filing separately or divorced during the tax year.
- My wife and I are married.
- My wife and I are filing together.
- My wife and I own a home in Michigan.
- My wife and I lived in that home for the entire year.
- My wife and I paid for Property Taxes for such home.
- My wife and I do not qualify for any of these credits that is what this form is used for. That is, we do not qualify for the Homestead Property Tax Credit, nor for the Home Heating Credit due to various factors.
- My wife and I are using the latest and updated (as of Mar 24, 2020) TurboTax Not-Online Home & Business 2019 for MacOs.
- My wife and I do not want form 5049 appearing in the preparation of Michigan Taxes since it does not apply to us as indicated above. In addition, TurboTax indicates there is an error in the form since it However, for some reason, TurboTax was trying to and it is asking for an explanation why we maintained separate homesteads.
