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Depending on what state you are in, TurboTax fees can be taken from your state or federal refund, which ever comes first.    Additionally, your refund could be offset. The IRS and State Governments have the ability to offset a refund to pay for certain past due debts.  You generally will receive a letter stating what the offset was for.    The IRS provides a toll-free number, (800) 304-3107, to call for information about tax offsets.   If the IRS "Where’s My Refund" tool shows your funds were released but you haven't received them, please note that Intuit does not hold these funds. You will need to contact the Santa Barbara Tax Products Group (SBTPG) directly: Website: SBTPG Support  

Thanks, PK.   Yes, I believe that the HTKO did not come into effect. I believe Turbotax needs to generate two Form 1116's fot this situation but I am seeing only one.   Country - India   My status – US Citizen; My tax home from 1995 – present is the US.   Country of sale– India Capital gains (Passive income – is likely to be reclassified as high tax income and moved to General category based on my reading of Form 1116 instructions)   Property was used as residence by my mother who passed away in 2018. I owned 50%. (Gross proceeds – $ 170,100; original basis - $38,000, and adjustment in colum g 8949-$ 93,332). Original basis was as of 1995 for this portion. I inherited another 16.67% on her death in 2018. (Gross proceeds – $ 56,813 ; original basis - $23,779, and adjustment in column g 8949-) Basis was as of 2018 for the inherited portion. Totally, capital gain was 38,768+ 33,034 = $ 71802 Tax withheld - $36,871 Other foreign income (Passive Income Category) Interest - $1972; Tax withheld - $464 Worldwide Income – $ 264,000; Foreign: $ 73,774   My US tax liability without FTC - $35,732   Let me know if you need any other information

Based on this information, it looks like you might be claiming an education credit for this person.  If you go back to the deductions and credits section of TurboTax and click on Update for Expenses and Scholarships (Form 1098-T), you can scroll through each page until you reach a page that will ask if the person was enrolled in college full-time, at least half-time or less than half-time.   To qualify for the American Opportunity Tax Credit, a student has to be enrolled for at least half-time in order to get this credit.  The 1098-T that you received from the college will have a box 8 checked for at least half-time student.  If the student is a less than half-time student, they could still qualify for the Lifetime Learning Credit.

Steps to Enter in TurboTax (Online & Desktop) Go to the Deductions Section: Click on Federal > Deductions & Credits. Scroll down to Charitable Donations and click Start or Revisit next to Donations to Charity. Enter the Charity Info: Answer Yes to "Did you give any money to charity?" Enter the name of the organization. Choose the Donation Type: When asked what you gave, select Stock. TurboTax will ask for the details of the stock (Ticker symbol, number of shares). Date Given: The actual date the transfer was completed. Date Acquired: The date you originally bought the stock. (Must be > 1 year for full FMV benefit). Cost Basis: What you originally paid for the shares. Fair Market Value (FMV): The average of the high and low price on the day the donation was completed. Form 8283:   If your total non-cash donations for the year (including this stock) exceed $500, TurboTax will automatically generate Form 8283. You will need to provide a few more details about how you acquired the stock (e.g., "Purchase").

Hey all,   Just hopping in here as someone who works for a crypto tax software company and has seen a lot of users face the same issue this year. There are a couple of workarounds that may help users who have too many txns to manually edit/add, given the desktop limitations currently:   Importing your data from TurboTax Online (free) to TurboTax Desktop. Summarizing txn totals and mailing in supporting documents. See the guide for step-by-step instructions on reporting crypto with TurboTax.

Hi Dianne:   Thanks for your response, I have a question regarding your input. Usually, I always took the RMD and instructed a brokerage to pay federal tax and state tax without any retaining amount with me. This time due to this missing action, I am owing federal tax and state tax without adding that missing RMD in the 2025 tax return. Now, if I add that missing RMD to the 2025 return, the amount I owe will double up of what I am currently owing at this point. Does it make sense?  Appreciate your help.

TurboTax does no have copies or images of your 1099R's or any of your other tax documents.   TurboTax only has the information that you entered---which is shown on the worksheets---no matter whether you keyed in the information by hand or imported it.   If you want a copy of your 1099R you have to get it from the financial institution that issued it.

  For Desktop users: The best way to avoid it is to always use "Save-As" the very first time the second file is saved....and make absolutely sure the new file has a unique filename at that time. _____________ For most folks this happens if the second person's had the same first name as the first one which was prepared. But....can also happen if they didn't actually start a brand NEW file for the second person.  

A software company, telling people who are obviously computer proficient, to upgrade to win 11 to use their product is lazy and ridiculous.  Most people are still on windows 10. Talk about not giving a crap about your customer base. What, you couldn't have a windows 10 version as well? You do know that you can run windows 10 and still get the security updates for at least another year with just a few simple steps. I've been using intuit since 1993 with Macintax, then a  few years later switched to the pc version with Turbotax. Well over 30 years.... wtf Intuit!!!! So my options are either upgrade to windows 11(nope), do my taxes online( Hell No! If hackers can get into the IRS, they can certainly get into Intuit), Run it on my mac(maybe, but would rather not) or find another company that's probably cheaper. All because some rogue tax company decided that you will comply or go bye bye. This just may be the final straw..........