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@user17538342114 , having read through your post what I get is : (a) You a US person  ( GreenCard), and living in the US -- US Tax home (b) have sold  jointly held property  in Spain (c) You have had TDS ( Taxes Held at Source ) of 3% (d) You now wish to recognize this alienation of asset and corresponding gain/loss for US tax purposes. The questions I have at this point are : 1. How did you acquire the asset ?  Is it purchase ( what was the price at the time, translated to US$ ?)  or inheritance ( when was the passing of the decedent, what was the  FMV-- Fair Market Value -- on that day or soon thereafter )? 2. If there was a significant time between acquisition and disposal, how was the property used  in the meantime ?  If it was rented out / income generation, did you report those incomes  in your US return during that income generation period ?  Were you a US resident ( GreenCard or  Resident for Tax Purposes) during that period? 3. When did the sale complete ?  Did the proceeds ( your share ) rest in a Spanish/ Non-US bank account  ( that you own or have/had signature authority over ) for any period?   Please answer my questions and I will circle back -- yes ?  

TurboTax does not have a copy of the W-2 or Form 1099. It would have a Form W-2 Wage and Tax Statement that included the tax data from the forms that were entered. The forms would be included in the PDF of the tax return in the tax year the return was completed. Copies of a Form 1099 would have to obtained from the issuer of the form.   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)   If you cannot obtain the W-2 from your employer, then for a fee you can get a complete copy of a W-2 from the Social Security Administration - https://faq.ssa.gov/en-us/Topic/article/KA-02501   You can get a free Wage and Income transcript from the IRS - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return to include copies of W-2's, if you mailed the tax return and included a paper W-2, from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf   See this IRS Tax Topic - http://www.irs.gov/taxtopics/tc159.html

@adri-cisneros  (a) Por tu publicación no estoy seguro de tu situación. (b) ¿Insinúa que tuvo ingresos (¿de qué tipo?) y que pagó impuestos en México por ellos? Por ejemplo, vendió una casa en México y, por lo tanto, pagó impuestos en ese país. Dado que esos ingresos también estarían sujetos a impuestos en EE. UU., ------ necesitaría obtener un Crédito Fiscal Extranjero. (c) Si no está seguro de cómo proceder, le sugerimos que contacte con un asesor fiscal o utilice el soporte en vivo de TurboTax. (d) ¿Es usted una persona estadounidense (ciudadano/GreenCard/residente para impuestos) y vive en los  EE UA. o qué? Tenga en cuenta que, si bien puedo trabajar en español, aquí utilizo el traductor de Google para asegurarme de que mi gramática sea correcta. Dime cómo puedo ayudarle ?  

Let's assume you buy the solar panels for $20,000 with a 10 year loan.  You would claim the credit one time, in the year they were installed, for the full purchase price not counting interest ($20,000 in this example), even though you have not actually paid the full $20,000.  Then you don't claim anything extra in future years for the monthly payments.     I don't know what your terms are, but with a traditional car lease, you are "buying" the portion of the car that you will use.  For example, suppose you have a two year lease and the cash price would be $40,000.  You might finance $15,000 for two years with a residual value of $25,000.  That means you are "buying" $15,000 worth of the car, and you can either turn in the car at the end of the lease, or buy the other $25,000 if you want to keep the car.   But you don't actually own the car for those 2 years, the lessor does.    Assuming the solar panel lease is the same thing, then you aren't buying the solar panels in a way that is eligible for any federal tax credits, because you aren't buying the panels, you are only buying the right to use them for a certain number of years.  The lessor still owns them.  (At the end of the lease, would you have the option to buy them or have them removed?)   If this is a purchase agreement, you claim the purchase price in the year the panels are installed, regardless of when you actually pay.  And you only claim the purchase price, not the interest on any loans.    

@jagpreet71 ,  (a) While I don't know all the antecedents of the case ( except  the items mentioned in this thread ), I happy that  MI did take into consideration your father's situation and gave him  " foreign tax credit" equivalent.  I am hoping that this was the final determination.  ( And not because  the analyst read  taxing "state"/ authority  as Indiana -- IN -- instead  of India-- dyslexia  effect ?) (b) I am quite surprised  at the argument of your cpa on the definition of "state" and equating that to a state of the United States  and /or its territories.  In that particular definition the word "state" is being used in reference and use as an entity  that can levy / impose/ collect  taxes on incomes  and NOT as equivalent to a  "state" within the meaning of United "States" of America i.e. a state of the union.  To me that is a misuse of the definition.  Thus the state of Michigan is  limiting the type of "entities" the taxes from whom are to recognized but says nothing about the "states" as used for purposes of tax credit i.e. for taxes paid to another "state".  Please note that the "credit" related  subsection of the code takes pains to define/ recognize  the "states" ( of the union), DC, etc. the taxes paid to whom are eligible for  tax credit. @abhishtu2 , I wish you luck with your effort, esp. since the federal  FTC is valid.   Namaste ji   pk

You are substantially correct; distributions of principal (corpus) do not have tax consequences but income does have tax consequences (e.g., interest, dividends, retirement accounts, etc.).   Hopefully, the trust is not named as the primary beneficiary of the IRA as that's generally not a great idea unless there are exigent circumstances.

Or....if you used the same online account for your own return and your daughter's return, the second return overwrote the first one and the first one is lost for good.   With online TT you get one return per fee.  If you used the same account and user ID for two returns, you lost the first one.

  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.      

Have you already filed the tax return with the wrong amount? If you have not filed, see the reply from DoninGA above. If you have already filed, and your e-file was accepted, wait until the IRS has finished processing your tax return. They might see the error and correct it without you having to do anything. If they do not correct it, you will have to file an amended return to make the correction.  

That is incorrect. the instructions for 4a & 4b for form 8960 Line 4a—Income From Trades/Businesses, Rental Real Estate, Royalties, Partnerships, S Corporations, and Trusts Enter the following amount from your properly completed return. • Schedule 1 (Form 1040), line 3. • Schedule 1 (Form 1040), line 5.   Use line 4b to adjust the amounts included on line 4a, for gains and losses that are excluded from the calculation of net investment income. Enter the amount of gains (as a negative number) and losses (as a positive number). Enter the net positive or net negative amount for the following items included on line 4a that aren’t included in determining net investment income. Net income or loss from a section 162 trade or business that’s not a passive activity and isn’t engaged in a trade or business of trading financial instruments or commodities.   so 4a should be $4K ($13K-$9k), 4b should be $9K as a positive number making line 4c $13K     not sure what worksheet you entered the business loss on. check your entries.  also check what's on schedule 1 lines 3 and 5