All Posts

@JeanA_2009    The problem could have been at the bank. See if you can find out from your bank why they rejected the direct debit, and what routing and account numbers were transmitted to them. Unfortunately, with four parties involved, three of which are large bureaucracies,  it will be very difficult to find out exactly what went wrong and where the error occurred. It might not be worth the effort.  

It all depends on the information reported on your Schedule K-1, line 20, code ZZ. It could be something that affects your tax return. You want to at least make sure that the code doesn't reflect information that could affect the tax return.  Usually, if code ZZ has information that could affect your tax return or your basis, that information will need to be manually entered in another (appropriate) part of the tax return. 

This is the TurboTax US user community website. Go to this TurboTax Canada website for assistance with a Canadian tax return or the TurboTax Canada editions - https://turbotax.community.intuit.ca/turbotax-support/en-ca

Talk to your divorce lawyer about the income tax issues. Make sure that any tax considerations are clearly spelled out in the divorce decree, and that the decree is in keeping with the tax laws. Make sure it's clear who the capital gains belong to. If your divorce is not final by the end of 2025, you need to come to an agreement about whether you will file jointly or separately for 2025. Either way you need to cooperate with each other for tax filing. It would be a good idea to get a tax professional to work with your lawyer, and to review the divorce decree before it's finalized. We often see questions from divorced people who have tax problems because their divorce decree has a provision that's not permitted under the tax laws, or because a tax issue was not addressed in the decree. Many divorce lawyers, and family court judges, know a lot less about tax law than they think they do.  

The U.S. government does not provide insurance for U.S. citizens overseas. Not all private insurance will cover medical expenses abroad either. For more information on health, visit  Your Health Abroad. You should also review the country information page for your destination before you travel. For more information, also look at CDC insurance page. **Please cheer or say thanks by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer" Regads, Nisha TurboTax Expert

I would suggest adding a line for each category of property inherited. For example, House, cash, vehicle, etc.  You need to use the fair market value of the property before you pay foreign taxes on it.  Remember, you may also have filing requirements for Forms 8938 and FBAR. 

No,  Medicaid generally does not provide coverage for medical costs incurred by U.S. citizens residing outside the United States. Medicaid is a state-run program, and eligibility is typically tied to residency within a specific state. 

as a stbx  it's likely you won't be married to that person on 12/31/2025 preventing filing a joint return with that person.however if you remarry on or before 12/31/2025 you can file a joint return with your ns (new spouse) 

This question is indeed complex. As highlighted by the tax expert Vithalanin, you should begin by engaging with the TurboTax Community in Canada to gather initial insights. Then, consult the TurboTax Community in the USA to deepen your understanding of the intricacies involved in cross-border tax filing between the two countries. Additionally, it is highly advisable to seek advice from a tax professional or attorney who specializes in international taxation between the United States and Canada. Their expertise is essential in navigating specific credits and tax benefits that might otherwise be missed. It is prudent to ensure thoroughness in order to file an accurate tax return from the start, since correcting errors later can be both stressful and expensive. Kind Regards, Franklin TurboTax Expert **Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"

File what now?  A tax return for 2025?   No you can’t file a 2025 return until next January 2026.   And your filing status is determined on Dec 31. If you are divorced by 12/31 you file as Single or Head of Household if you have a qualifying dependent.   So if you get divorced in 2025 you can’t file 2025 as married Joint and or Married filing Separate.   

Thank you.That clarifies.One last question from your answer above   << (a) that there is a "taxable gift" amount  specific to   Spousal gifting where donee/ recipient  is  Non-Resident  per section 2523 and follow-on section. >>   In my case, we would be tagged as " residents" and hence excluded from that taxable gifts, right?

FIRSTLY, both U.S. citizens and green card holders, or lawful permanent residents, are generally obligated to file U.S. income tax returns and report their global income to the IRS for tax purposes. SECONDLY, this global income encompasses earnings from both the United States and any foreign countries. The penalties for failing to file or report foreign income and assets can be quite severe. LASTLY, it is beneficial to file taxes even when no filing requirement exists, simply to maintain current financial records. From personal experience, I have seen instances where taxpayers had to file up to three years of tax returns despite having no initial filing requirement due to circumstances that necessitated proof of income. Having tax returns on file significantly simplifies this process. Kind Regards, Franklin TurboTax Expert **Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"