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Hi Dave,   No, the NR4 reports the gains from the date of death to the date of the distribution. I understand that Canadian law considers the RRSP to be fully liquidated (if that is the right word) at the moment of death, and the taxes are due to the estate. And taxes on any gains from the date of death  are due to the beneficiary.    In this case the NR4 income is small (<5k) and reports that difference. I received the money as part of the lump sum distribution but the NR4 also reports the 25% taxes that were withheld on that smaller portion.    My understanding is that the bulk of the payment is the "gift" portion, I need to report on my 3520 but not as income, and the smaller part is income I need to report in my taxes. And I need to file the FBAR even though I never had control over the account, simply because I "owned" it in some way for a short period of time.    I've did seek out advice from several independent and authoritative sources (the bank, tax attorney) just recently. So I am pretty confident in that part. I just now need to figure out how to report it properly in Turbotax and claim the credit for the foreign taxes paid.    I haven't had a chance to re-try to trigger the foreign tax credit section for the misc income. I'll give it a shot when i get home from work. 

If you used pay with your refund, your fees can be paid with your state refund. I assume that's what happened. If your Minnesota refund didn't cover all your fees, the remained will be withheld from your Federal refund and you will get the rest.    Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?

Thanks for the reply Robert it's much appreciated the loan was taken out in September of 2017. We did add in cash to close around $17,000. The loan amount did increase because the payoff to the original loan and mortgage assistance we had on the original mortgage.  For the purpose of the question "The original loan was taken out on or before December 15, 2017 and the loan amount has not increased due to a cash out refinance" Would I answer Yes since this is treated as a rate and term/limited cash out refinance. Sorry if the answer is obvious I'm not sure if the limited cash out refinance causes some type of nuance. Since the question just mentions a cash out refinance not rate and term/limited cash out refinance.   Payoff to XXXX $96,440.00 - mortgage assistance Payoff to XXX $675,969.00  - original mortgage

To delete Form 5695 in TurboTax, sign in to your account, go to the Tax Tools menu, then click Tools, and select Delete a form. Locate Form 5695, and select "Delete."   If these steps fail, you will be able to clear your return and start from the very beginning. Click on 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?  

My solution:   There should be a supplemental section in the tax statement which breaks out the details of the summarized 1099-DIV.   Step 1: Identify all entities that were subject to foreign tax. Typically will be in a table titled- Investment Expenses, Foreign Taxes Paid and Other Fees, or similar.   Step 2: Identify and highlight the (Box-1a) Total Ordinary Dividends paid by an entity that paid foreign tax. Should be listed in a table titled- Dividend Distributions.   Step 3: Add up the Total Ordinary Dividends you received from the entities that paid foreign tax. This IMO is the ‘Foreign Source Amount” of dividends.   'Do you know the only thing that gives me pleasure? It's to see my dividends coming in.' John D. Rockefeller  

Thank you I appreciate the reply.   However, this is an incredibly poor functional design for TT. In TT, you save file, let's say X you get 'X Form 1040 Individual Tax Return' and a '~ X Form 1040 Individual Tax Return' file.  Continue work save file again, you get a '~~ X Form 1040 Individual Tax Return' file, etc. Now, if you stop work, save file, and then wish to continue work at a later point in time and start TT, you find that you must click on one of the '~' files to find which one accurately recorded your stop work save file position. A properly designed program does not function like this and does not produce these excess files.   I have large Word, Excel, PowerPoint, PDF, Audio, and Picture editors files. All of these can be worked in, saved, and re-opened to previous position without creating different backup versions every time you save file. You go to file name double click and you are right back where you left off when you saved file.   If I am concerned about backup, I simply copy the file to a backup folder. Which I do, do on certain files. And if you are a seasoned TT user, you should be backing up your work to another physical location to ensure recovery if things go bad.   I hope this flaw is corrected in the future.

The community can't help you with getting a phone call. When you say TurboTax did your 2023 and 2025 returns wrong, can you elaborate? What was wrong?   Here is a link for the TurboTax Audit Support Center.   Just in case, How to submit documentation for accuracy guarantee claims.

  From Chatgpt.com ( ie needs to be verified, BUT this is amazing)   Short answer: Colorado K-1 line 12 (“Federal deductions”) usually does NOT get entered directly anywhere in the Colorado individual return in TurboTax. It normally already flows through the federal K-1 you entered, and Colorado then taxes the Colorado-sourced portion of the resulting income via the nonresident calculation. But the exact treatment depends on whether the amount affected your federal income and whether Column B (Colorado source) has any entries. Below is a practical explanation and a TurboTax cheat sheet. 1. What Colorado K-1 Line 12 actually is On the Colorado K‑1 (Form DR 0106K), line 12 represents the partner/shareholder’s share of federal deductions coming from the federal K-1. The instructions say it is derived from federal K-1 boxes for deductions. Typical examples inside that number might include: Section 179 deductions charitable contributions portfolio deductions other partnership deductions Those are federal deductions, not specifically Colorado modifications. 2. Where it goes in TurboTax (most common case) In most returns: 1️⃣ You enter the federal Schedule K-1 first in the Federal section of TurboTax. 2️⃣ TurboTax calculates the federal income or loss. 3️⃣ When you go to the Colorado return, TurboTax pulls the net federal income already adjusted for deductions. So: Line 12 generally never gets entered separately in the Colorado return. It is already embedded in the federal income that flows to Colorado. 3. When you do enter Colorado K-1 information You only enter additional state-specific information if the Colorado K-1 shows Colorado-source income or credits. Typical items you may need to enter: Colorado K-1 Line Where it usually appears CO income (Column B) Colorado nonresident allocation CO withholding Colorado tax payments/credits CO credits Colorado credit section State tax addback items Colorado additions Nonresidents then complete: Colorado Form DR 0104PN – nonresident tax calculation. Colorado taxes only the Colorado-source portion of income. 4. TurboTax step-by-step (for a Colorado K-1) Here is the typical workflow: Step 1 — Federal return Enter the federal K-1:     Federal Income Schedule K-1 Partnership / S-Corp       Enter everything from the federal K-1, not the Colorado one. Step 2 — Start Colorado return     State Taxes Colorado     TurboTax asks: Did you earn money in Colorado? Did you receive a Colorado K-1? Answer Yes. Step 3 — Enter Colorado-specific K-1 items TurboTax may ask for: Colorado income attributable to state Colorado tax withheld SALT parity credit (if applicable) Other state adjustments You typically enter only: Column B amounts withholding credits 5. Direct entry if working in forms mode If you are entering directly in Colorado forms, look at: Colorado Form DR 0104 Colorado Form DR 0104PN The Colorado return is based primarily on: Federal Taxable Income then multiplied by Colorado income percentage. So the K-1 deductions already affected the federal taxable income. 6. Quick rule of thumb (useful cheat sheet) Colorado K-1 item Enter in TurboTax? Column A federal amounts No (already in federal K-1) Line 12 federal deductions No (already in federal calculation) Column B Colorado income Yes CO withholding Yes CO credits Yes 7. Common mistake People try to enter the Colorado K-1 as another K-1 in TurboTax. Don't do that. You enter: Federal K-1 → Federal section Colorado K-1 → only state adjustments ✅ If you want, I can also show you: a real TurboTax screen-by-screen cheat sheet (the exact prompts you will see), and a line-by-line mapping of the entire Colorado K-1 to the Colorado return (very helpful for non-residents).                          

I am unable to recreate this.  Are you using the 2025 version of TurboTax or the 2024 version?   I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Online:   Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response.   TurboTax Desktop/Download Versions:   Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number  (including the dash) that was generated in the response.   *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)    

Please clarify your question.  You can't do 2025 in the 2024 app. The 2024 return can no longer be completed online. You would need to buy a desktop version https://turbotax.intuit.com/personal-taxes/past-years-products/ 

Was this ever resolved?  I see some activity but there's no dates on the replies or a clear resolution. I have the same issue and want to know if I'll be able to submit electronically which is required by NY state..   Thanks

Mine is set to 1 hour. The issue is TurboTax does not seem to be reading the 1099-B correctly and it does not have a dropdown box for "This form belongs to", nor does it give a preview of any tax information such as "Box 1" or "Box 1a" like it does the the for the other 1099s such as 1099-INT or 1099-DIV.  All it has is an option line for the 1099-B with a checkbox. This is telling me that there is a major issue with the TurboTax software being able to read the 1099-B. Also, a file is stored in the Downloads, but when you go to open it up, the screen is blank and you get an error message stating "We couldn't load this file." I have attached photos of both of the screens.