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Been doing it over and over. Been using TurboTax for years, and actually thought things seemed to have been a little easier in some ways until I hit this terrible “foreign accounts” snag, which has been taken up WAY too many hours, through chats, clearing and starting over, etc., and nothing has fixed it yet. It’s time for me to change to a different service. This has been very upsetting when I have so many other things I needed to do tonight. Very disappointing.

@genepsych , before one can help, we need more info on the situation, please (a) Are you a US person  ( citizen/GreenCard/Resident for Tax Purposes ) ? (b) How was the foreign tax paid reported -- on broker's consolidated report, 1099-INT , 1099-DIV or what ? (c) Which country did you pay tax to ? -- RIC, Various or specific (d) Quantum of Foreign Tax paid  and the Foreign Source income.   Will circle back once I hear from  you --yes ?

I inherited a condo from my sister in law. I immediately sold the property. I've received a form 1099-S from the Title company, reporting the transaction to the IRS. I can't figure out how to enter this transaction into Turbo Tax. Please help.

I'm following this as well as I have the same confusion. I understand I need to send in form 8453 to the address on the instructions if I'm going to efile and have a form 3115 w/attachments.    Where I'm confused, is if form 3115 and attachments are to be mailed into the same address as form 8453 at the same time.  The form 3115 instructions give an entirely different address to mail form 3115 into than form 8453!?

My household AGI is 290k. I am seeing (I goggled) that for married filing jointly if income is between $94,055 – $583,750 then dividend tax rate is 15%. Our AGI is far below the upper limit. am I missing something. Thanks for your prompt response & time. Really appreciated.

contact QB support. This is Turbotax https://quickbooks.intuit.com/learn-support/en-us/help-article/account-management/contact-quickbooks-products-services-support/L7lDnkKLB_US_en_US?msockid=31315f26f8ea6d3a157f4ae1f9476c57 

You don't include their income on your return. It would only go on their return if they are required to file one.  To file a separate return for your dependent you need to set up a new account.  Online is only good for one return per account.  You can use the same email address for 5 accounts.   Be sure on their return they check the box that says they can be claimed on someone else’s return. If their only income is W2 and under 14,600 they do not have to file a return except to get back any withholding taken out.  If they got a 1099NEC or paid cash they have to file it as self employment no matter how small. Filing requirements for a dependent https://ttlc.intuit.com/community/children-dependents/help/do-i-need-to-file-my-own-taxes-if-i-m-a-d...      

@DavidD66 wrote: If you choose to capitalize and depreciate the cost of your roof, you should select "Real Estate" and it will be depreciated over 27 1/2 years.  You may want to review the IRS Tangible property regulations – Frequently asked questions to see if your "new roof" qualifies for expensing as opposed to capitalizing.   Note that the safe harbors to treat something as an expense, are that it costs less than $2500 (for most taxpayers) or $5000 (for some.)   There is another small business safe harbor that allows you to expense improvements instead of deducting them but only if your total repair and improvements are less than 2% of your basis in the building and the building's basis is less than $1 million.   I suspect that a new roof on a residential rental will not fit into either of those safe harbors. 

an individual can rebut the IRS  presumption that you are an employee by providing records, such as contracts or partnership agreements, that provide sufficient evidence to corroborate the individual's status as a non-employee.   It's not getting paid hourly that's an issue. it's that all your labors are performed for a single entity. Whether you are an independent contractor or an employee who should have gotten a W-2 is the issue.    see this IRS webpage https://www.irs.gov/newsroom/worker-classification-101-employee-or-independent-contractor