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Thanks for your reply, and for the information on foreign qualified dividends.     I understand that the requirements for foreign qualified dividends reported in the 1099-DIV for preferential tax rate purposes are different than the requirements for foreign qualified dividends used for foreign tax credit purposes.     However, in the case of one ETF, more than 50% of the holdings in the fund are in countries with tax treaties (e.g. Canada, UK, Australia, Finland, France, India, Norway, Japan, Sweden, South Africa, China, Switzerland).  Only three of these are considered emerging market countries (India, South Africa and China).   If I exclude them, the holdings are still more than 50%.   It seems odd that none of the dividends are qualified for foreign tax credit purposes.   Your point about the IRS mismatch notices is well taken.  I am trying to report the correct information by confirming what the correct information is.  Unfortunately, the brokerage statement has a disclaimer regarding the information not necessarily being complete or final.  As a result, it calls into question whether a zero means zero or no information.  Also, my understanding is that the supplemental information is not reported to the IRS, possibly because it is subject to change.   Your suggestion makes sense.  I will follow it accordingly.  Thanks for your assistance.

Thankfully,  IRS and FinCEN (for FBAR) have "reasonable cause" provisions for exactly this type of situation, where a foreign institution's policies or local laws prevent you from obtaining information regarding your financial accounts.   Since you are dealing with a closed account and a refusal from the bank, you must rely on reasonable estimation and diligent documentation.   The FBAR is primarily an information-reporting form. Even if you don't have the exact account number or the highest balance, you must still report the account.   If you can't find any old emails, checkbooks, or transfer records with the number, enter "UNKNOWN" in the account number field. Since you have the final check amount, use that as your "Maximum Value" for 2025, unless you know for a fact the balance was higher earlier in January. In the "Explanation" box (or as an attachment if filing via certain software), briefly state: "Account closed Jan 2025; bank refused to provide records per local guidelines; amount reported is based on final distribution check." Enter the bank’s name and address as you remember them. Report your FBAR here You are required to report the interest earned in 2025 before the account was closed. Since the bank won't give you the figure, you must estimate it.   Look at your 2024 tax records to see the interest rate that account was earning. Apply that rate to the final check amount for the 1 month (January) the account was open in 2025. For example, if the amount of your check was $50K and your interest rate was 4%, interest for‌ Jan is computed as follows: $50,000 X .04 X 1/12 You don't need to send these to the IRS now, but you must keep them in your records for 5 years to prove you acted in good faith in case ‌they have questions about the distribution.   The Refusal: Save the email or take a scan of the letter from the bank where they cited the "new RBI guidelines" as the reason for denying your request. Keep a copy of the final check and the deposit slip into your NRO account. Keep a log of your attempts to contact the bank (dates, times, and who you spoke with). To report in TurboTax:   Go to federal>income and expenses>all income>>show more  Less Common Income> Start Miscellaneous Income,>start Other reportable income>start Next screen asks Any Other Taxable Income>yes Here give a description of the check and then an amount.  Call it the final distribution of a bank account After this is entered, there should be an add button in the summary screen Here describe this as interest for the distribution of a bank account and then the amount. If you paid taxes to India for this distribution.   Go to Deductions & Credits > Estimates and Other Taxes Paid > Foreign Tax Credit. When asked "Do you want the deduction or the credit?", select Take a Credit. The screen will ask: "Before we begin, have you already entered all your foreign income?" Select Yes. Select General Category Income. Click Add a Country and select India. On the "Other Gross Income" screen, enter your general income description and amount again (this populates Part I of the 1116). Continue until the "Foreign Taxes Paid" screen. Enter the taxes paid on your general income. Finish the interview for this category until you see the Foreign Tax Credit Summary. If you paid a foreign tax on the interest, select add a foreign tax in the Foreign Tax Summary Section. When it asks for a category, select the passive category Then repeat steps 5-8 listed above. Lastly you may have a 8938 FATCA filing requirement if the amount of your Foreign Account was over $75,000 at the time of the distribution if you were single or filing separately or $150,000 if married filing jointly. To file a 8938 in TurboTax:   Go to federal>other tax situations Go to Other Tax forms>Miscellaneous tax forms Prepare a report on Foreign Assets                        

I can tell you that I was the person who started this thread back in Feb 2025, and it is quite distressing to hear that TT has STILL not corrected the problem! My personal RMD situation is now simpler so I was not affected this year, but it does not instill any confidence in me that there aren’t other issues possibly lurking within the TT software that we all place our confidence in at tax time!  Come on guys - can’t you figure this out such that people do not have to deal with all of these work-arounds for an issue that was revealed to you over a year ago?! It’s beyond disappointing!     

We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.  If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.

The "Do Not File" watermark should disappear once the form is finalized. It also may appear if you printed your federal tax return before you e-filed it.   If you are using the TurboTax Desktop, you will have to update your software once the file is finalized. If you are using TurboTax Desktop, you can manually check for updates for  your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates."    In the meantime, you can get the forms by clicking here.     Click here for Why does DO NOT FILE, FORM NOT FINAL appear on my printouts?   Here is information for mailing your 1040 ES.IRS - Where to Mail 1040-ES   Click here for Instructions to Form 1040 ES   Please return to Community if you have any additional information or questions and we would be happy to help  

To add or remove home energy tax credit (Form 5695)  follow these steps:   Navigate to the residential energy credit section:   TurboTax Online/Mobile: Go to the residential energy credit screen under Deductions & Credits. At the bottom of the Energy Efficient Home Improvements screen, answer Yes, then select Continue. To delete the 5695, answer No, select Continue, and then answer Yes on the following screen to confirm the deletion. Follow the instructions to enter your energy-saving improvement costs.

Thankfully,  IRS and FinCEN (for FBAR) have "reasonable cause" provisions for exactly this type of situation, where a foreign institution's policies or local laws prevent you from obtaining information regarding your financial accounts.   Since you are dealing with a closed account and a refusal from the bank, you must rely on reasonable estimation and diligent documentation.   The FBAR is primarily an information-reporting form. Even if you don't have the exact account number or the highest balance, you must still report the account.    If you can't find any old emails, checkbooks, or transfer records with the number, enter "UNKNOWN" in the account number field. Since you have the final check amount, use that as your "Maximum Value" for 2025, unless you know for a fact the balance was higher earlier in January. In the "Explanation" box (or as an attachment if filing via certain software), briefly state: "Account closed Jan 2025; bank refused to provide records per local guidelines; amount reported is based on final distribution check." Enter the bank’s name and address as you remember them. Report your FBAR here You are required to report the interest earned in 2025 before the account was closed. Since the bank won't give you the figure, you must estimate it.   Look at your 2024 tax records to see the interest rate that account was earning.  Apply that rate to the final check amount for the 1 month (January) the account was open in 2025.  For example, if the amount of your check was $50K and your interest rate was 4%, interest for‌ Jan is computed as follows: $50,000 X .04 X 1/12 You don't need to send these to the IRS now, but you must keep them in your records for 5 years to prove you acted in good faith in case ‌they have questions about the distribution.   The Refusal: Save the email or take a scan of the letter from the bank where they cited the "new RBI guidelines" as the reason for denying your request. Keep a copy of the final check and the deposit slip into your NRO account. Keep a log of your attempts to contact the bank (dates, times, and who you spoke with). To report in TurboTax:   Go to federal>income and expenses>all income>>show more  Less Common Income> Start Miscellaneous Income,>start Other reportable income>start Next screen asks Any Other Taxable Income>yes Here give a description of the check and then an amount.  Call it the final distribution of a bank account After this is entered, there should be an add button in the summary screen Here describe this as interest for the distribution of a bank account and then the amount. If you paid taxes to India for this distribution.   Go to Deductions & Credits > Estimates and Other Taxes Paid > Foreign Tax Credit. When asked "Do you want the deduction or the credit?", select Take a Credit. The screen will ask: "Before we begin, have you already entered all your foreign income?" Select Yes. Select General Category Income. Click Add a Country and select India. On the "Other Gross Income" screen, enter your general income description and amount again (this populates Part I of the 1116). Continue until the "Foreign Taxes Paid" screen. Enter the taxes paid on your general income. Finish the interview for this category until you see the Foreign Tax Credit Summary. If you paid a foreign tax on the interest, select add a foreign tax in the Foreign Tax Summary Section. When it asks for a category, select the passive category Then repeat steps 5-8 listed above. Lastly you may have a 8938 FATCA filing requirement if the amount of your Foreign Account was over $75,000 at the time of the distribution if you were single or filing separately or $150,000 if married filing jointly. To file a 8938 in TurboTax:   Go to federal>other tax situations Go to Other Tax forms>Miscellaneous tax forms Prepare a report on Foreign Assets                        

Are you looking at your Schedule A or is that a report on a TurboTax screen?  Does it also include state property tax? Any tax on vehicle registration?  Did you happen to carry over a state refund from Tax Year 2023 to Tax Year 2024 on your state tax returns?     

@wmcihak , here is what IRS says about letter 12C ---> Understanding your Letter 12C | Internal Revenue Service.  To me your choice --- 1. Write to IRS about the letter 12C  ( if you can see the ref # and/or contact/control # ) , explaining that the letter is damaged and you need a new legible version.   OR  2. visit the nearest  IRS office  along with the  12C and a copy of your filed return. For sure , if they do not hear from you within the allotted 20 days they will send a new request for info.

Yes, you are correct. Treat the rental portion of the duplex as a completely separate property and continue to answer the rental questions as though that was your only sale. You are dealing with two completely different sales even though one portion is rental and the other is personal.   No, the asset was not part of the sale of your main home. You are understanding the questions accurately.   This link will cover the TurboTax Advantage benefits. Also here is TurboTax Desktop Live Tax Advice.   @psyadam 

If you are using the IRS Where's My Refund site to track your refund, the site does not send automatic emails regarding the status of your refund. You can get personalized status updates and a projected date for you refund to be sent.. Most refunds are sent within 21 days. It may be asking you to sign in to your IRS online account. If you don't have one, you can create one using this link Online account for individuals TurboTax does send email updates regarding the status of your tax return. This includes confirmation of when your return is submitted and whether your return has been accepted or rejected by the IRS or state agency. You may also receive an email showing that your refund is "on its way" or being processed.   If you have additional information or questions regarding this, please return to Community and we would be glad to help.  

On Mac, Turbo Tax Deluxe 2025 desktop version. There is no option for the tips deduction that is part of the Bi beautiful bill”.  Nor will the software allow me to Manually update schedule 1-A . All tips were included in box 1 of W2, with nothing in boxes 7 or 14 . Last paystub has the tip amount, but I have no way to enter it. 

I am not experiencing your issue. I do see one issue on line 17b -it is being fixed -regarding the address of the property. It sounded like Poppy was on to something with fixing the errors in review.   A full or corrupted cache can cause problems in TurboTax, sometimes you need to clear your cache (that is, remove these temporary files). Online version: Delete the form 5695 (and any worksheets with it first), if possible, see How to Delete   Log out of your return and try one or more of the following: Don't use Internet Explorer. Clear cache and cookies, Sign in using a different browser. Sign in using a different device. Log back into your return. Enter the information again. Desktop version:  Delete the form 5695 Save your return while closing the program. Update the program Open Enter the information again. If all else fails,   contact support.

You have a couple of options to report the sale of the property. One is in the business section of TurboTax, on the screen that says Let's gather your business info. Find the Less Common Business Situations menu and choose Sale of Business Property. That will work if you know the sale proceeds, cost basis of the property and the accumulated depreciation.   Your other option is to edit the asset entries in the business section of your return and assign a portion of the sale proceeds to each asset, thereby reporting the sale of each one of them. Typically, you can assign a sale price of $0 to all the assets but the home or building in the case of a rental property.     The result of either of these methods will be that a portion of the gain on sale of the business or rental will be reflected as ordinary income to the extent of depreciation deducted on the assets (known as depreciation recapture) and the remainder of the gain will be taxed as capital gain income.    @kdclaiborne  

South Carolina did not conform to the federal tax provisions of the One Big Beautiful Bill Act (OBBBA), so taxpayers must "add back" certain amounts from their federal return.  The $1,500 most likely is add back for the standard deduction increase for married couples on the federal return.     See SC INFORMATION LETTER #26-4 (Revised) for complete details.