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If you are using TurboTax Online, try importing using a different browser. Make sure any VPN or Anvi-Virus is turned off.   See the following TurboTax Help articles for potential fixes: What if I can't import my 1099? How can I fix my 1099 import issue? How do I import my 1099s? How do I enter a large number of stock transactions in TurboTax?

As per https://www.ftb.ca.gov/forms/2024/2024-3510-instructions.html#:~:text=Intangible%20Drilling%20and%20Development%20Costs,or%20Schedule%20P%20(541). , California does not allow intangible drilling cost expense in 2024 but Federal return allows it. How to handle this in Turbo Tax with the California return? Turbo Tax is taking the federal taxable amount (reduced by intangible drilling cost) in California as well which seems incorrect.

It depends. You can check whether your CPA made the Simplified Foreign Tax Limitation Election in previous years by reviewing your Form 1116 from prior tax returns. Here are some suggestions on what to look for:   Single vs. Multiple Forms 1116: If the election was made, you should see only one Form 1116 for each type of income (e.g., general limitation income, passive income etc.).  If the election was not made, you would have two Forms 1116—one for regular tax and another for AMT.Line 17 on Form 1116: If the election was made, the net foreign source income for AMT (Line 17 of AMT Form 1116) should match the amount on Line 17 of the regular tax Form 1116. If the numbers differ, the election was likely not made. Foreign Tax Credit Carryover Worksheet:   Since you have foreign tax credit carryovers, check the FTC Credit Computation Worksheet from last year.  If the election was made, the carryover amounts should be the same for both regular tax and AMT.

Hi Hal_AI, Thanks so much for your help. I do not have the option through the Step by Step to enter the $4,000. I was able to make the change in the Student Information Worksheet. When I go to the federal review option, Turbotax gives the following message: "We'll make this entry zero that's no longer needed. Earlier you told us to treat $4,000 as a taxable education in order to claim a larger education tax credit. However, it's no longer beneficial for any amount to be treated as a taxable distribution and used for an education credit, so we'll just make this entry zero." If I click continue it removes the 4,000 from the Student Information Worksheet and replaces it with zero and my Federal Refund goes from $1,168 down to $675. Should I just ignore doing the federal review? Thanks again for all your help.

Go back to the W2 that you entered.  You will get there by clicking the income button at the top.  Scroll down to 'Wages and Salaries' and click 'Update'.  The W2s that you have entered will be there.  Click 'Edit' on the one you need to fix and go through it til you get to the screen with the numbers on it.  Delete the number that you put in the wrong place and then enter it in the right place.  Make sure all of the numbers match the W2 that you received.   @lylabutton468 

Have you tried clearing your cache and cookies?   A full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).   Here are the official instructions for the most popular browsers: Google Chrome Mozilla Firefox Microsoft Edge Each browser has a slightly different method for deleting cookies. Choose the browser you're using: Microsoft Edge Mozilla Firefox Google Chrome Safari   TurboTax FAQ: How to clear your cache  TurboTax FAQ: How do I delete cookies?      

What fees?   You can enter interest paid on your mortgage, property tax paid, and mortgage interest.     Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.  

Delete Form 8938 and start all over.    Go to Tax Tools Tools Delete a form Delete Form 8938 If working in the software version, go to the Forms mode in your return, select Form 8938 and delete it. To add the form back in your return:   Go to "other tax situations" Miscellaneous Tax forms Prepare a report on foreign financial assets @maria-hakonen     

Here's how you can fix it:  Sign in to your account and select the Fix my return button. Follow any “fix it” instructions to update the information causing the rejection.    Note: Not all rejections will have explicit guides to fix the information. You’ll need to navigate to the program area to address the cause of the rejection.    Time-saving Tip: If what you originally entered is correct, you won't be able to e-file. There's probably a data mismatch at the government, a dependent that's already been claimed, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return. This article will give you instruction on how to print and mail your return.    Additional reject instruction here. 

To do what you want to do (get the full American Opportunity Tax Credit) you need to show 4,000 excess education expenses.  You show 76 scholarships and 57 tuition, that means you show 19,000 in taxable scholarships and no excess education expenses. You would need to claim 23,000 taxable scholarships in order to have 4,000 excess expenses.    You can also add books and supplies which are not listed on your 1098-T as expenses.  If you were ever claimed as a dependent student and that person claimed the American Opportunity Tax Credit using your expenses, that would count against the four time limit you can claim that credit.    If you don't have Form 1099-Q reporting a savings account distribution, the option of entering Room and Board is not given, the reason being that room and board can offset the tax on a distribution, but not a scholarship.    Enter the 1098-T into your TurboTax program and go through the entire interview until you get to select "Maximize my tax break"   Deductions & Credits Education   If it is advantageous to your tax situation, the program will suggest you claim additional scholarships as income to get the education credit.  If not, type    letme    into the searchbox and click the "jump to   letme"   link. That screen allows you to change the amount of expenses you want to apply to the credit.  The max for the American Opportunity Tax Credit is 4,000 The max for the Lifetime Learning Credit is 10,000   Whether it's worth doing depends on your other income and your tax bracket.