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here we are in 2025 filing 2024 tax returns and turbotax still hasn't fixed this same issue. I have complained about the 1099ME and where turbotax puts it since I was audited about that many years ago. You would think that a company like TT would have programmers smart enough to fix this but evidently the answer is that they do not. I had to file paper again this year because of this error. Last year I discovered filing Maine taxes on the Maine portal; I would have done that again this year but there was a glitch in the program for a single person that was going to take a few days to fix. At least, they plan to fix it. Last year the TT spokesperson laughed at me when I asked that he pass it on; he stated that there was no way that TT had made a mistake.  Another plus to the Maine tax portal: you can upload the 1099ME form. 

Have you reported that you corrected the Cost or other basis for the investment?   Select The cost basis is incorrect or missing on my 1099-B.  Continue. At the screen We noticed there's an issue with your cost basis, select I know my cost basis and need to make an adjustment.  Continue.

Check your deed and other ownership documents. Contact the HOA if you don't have a copy of the documents that describe the allocation of the land ownership. Typically, there is a land allocation even for an upper floor condominium if the property has common grounds.   Does your property tax bill actually have a land breakout that shows zero allocation? Contact the local tax assessor's office for any questions about the bill.   See this TurboTax tips article for more information about deducting rental depreciation.    

There is a 4 time limit for the most generous (and partially refundable) credit, the American opportunity Credit (AOC).  For the fifth year, you can still claim the Lifetime Learning Credit (LLC).  It is not refundable. That is, it can only be used to offset an actual tax liability.    You enter in the same place, as before.  The student must be your dependent, for you to claim the credit. If he is not your dependent, he can claim the credit, even though you paid the expenses.    In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   --Education Expenses and Scholarships (1098-T)  

@SusanY1 Thanks for this clarification. I already filed our LA state return, and need to file an amended return to get the full deduction. Any suggestions on what should I enter on the attached portion of TurboTax. Our actual contributions were 4800 for each beneficiary but as mentioned earlier, Turbotax calculated only 2400 per beneficiary as tax deductible. Thanks again!

As I stated in my original post.  I checked these numbers against my paystubs so it is not an error.   The wages in box 1 are higher than the wages in the SC part of box 16.  But the wages in box 1 minus travel days were taxed as Ohio income in a separate box 16 for OH not SC.  In hind sight I should have stopped the payroll company from taking the SC taxes out.   The w2 is correct.  Just looking for a work around so I can efile.

No podemos ver su pantalla ni en que seccion esta trabajando. Podria compartir una captura de su pantalla que muestre la seccion que necesita ayuda. Recuerde borrar cualquier informacion personal antes de subir una captura

Assuming this is Foreign Earned Income:   Click on Federal  Click on Wages and Income   Scroll down to Less Common Income On Foreign Earned Income and Exclusion, click on the start or update button.  

I have my new custodian on the phone reviewing your comments, we cant change the 1099 code- we failed to, so letting that go.   as I said I simply filed the 2024 as it was given to me. We are talking about 2023. I know there is a 6% penalty - I am not concerned about 4.77. no concerns about taxes/penalties. it's minimal I am concerned only about not having the 79.50 be coded as an excess contribution. I want to erase that if I cna. I think you misunderstood me. we are not talking about 2024.  The 1099 I got this yr for 2023. I thought you said I could apply that to my 2025 IRA ( which I am eligible for. Is this correct ?How do I do that?  I said in the return, now filed, that I did have 79.50 in line 2a ( earnings ) even though 1099 says 0. we are prepared to remove it from Trad IRA but I thought you said it could be applied to 2025 IRA. My financial person is saying he doesnt know how to do that without generating an excess distribution code on the 1099 . pls respond as soon as you can. We are all confused. I dont know if Fidelity (new custodian) can help.