All Posts

You will need this information when figuring and entering your foreign tax credit amount into the software, as either a credit or a deduction. You may need to verify your 1099-DIV, 1099-INT, and 1099-B statements report similar foreign tax withholdings. From there, the input instructions: To see when Form 1116 will become available in TurboTax, check form availability on this page. Both the credit and the deduction are entered in the same place. Here's what you do: Enter all your foreign income in the Wages & Income section if you haven't already Navigate to the foreign tax credit section: TurboTax Online/Mobile: Go to the foreign tax credit screenunder Deductions & Creditsunder Deductions & Creditsunder Deductions & Credits TurboTax Desktop: Search for foreign tax credit and select the Jump to link or, Go to Federal Taxes. If asked, How do you want to enter your deductions and credits?, select I'll choose what I work on. Under Estimates and Other Taxes Paid, select Start or Update next to Foreign Taxes. When you reach the screen Do You Want the Deduction or the Credit? select the option you prefer for your situation Further instructions for the credit or deduction options are found here: Where do I enter the foreign tax credit (Form 1116) or deduction?   More info: TurboTax - Claiming the Foreign Tax Credit with Form 1116 TurboTax - What does or doesn't qualify for the Foreign Tax Credit? IRS - Foreign Tax Credit – How to figure the credit

I am using the 2025 TurboTax Business desktop program to file my federal S-Corp return.  NJ requires me to file a NJ C-Corp return because I am not registered as an S-Corp state filer. When I try to purchase the NJ C-Corp (CBT-100) return, the pull-down menu only shows the NJ S-Corp state return.  I've checked, and the NJ CBT-100 return is supposed to be available.  How can I purchase the NJ C-Corp return for TurboTax Business?  Does anyone have an idea to help me?

To enter your Form 1099-Misc that is not related to a business and to avoid the "running a business" questions, do the following:   Go to Wages & Income Click on the + Add more income box Scroll down the screen until you see Other Common Income and click the down arrow to show more Choose Add to the right of the Misc. income line Click + Add another 1099-Misc Enter the info from your Form 1099-Misc into the corresponding boxes If you need to enter boxes 4–6 or 8–17, check My form has other info in boxes 1–17 Click Continue Enter a reason for this Form 1099-Misc, (e.g. prevailing wages), then Continue Next you will see, Does one of these uncommon situations apply? Check None of these apply and Continue Did the __  involve work that's like your main job? Check, No, it didn't involve work like my main job and Continue How often did you get income for __? Check the You got it in 2025 box and Continue Did the __ involve an intent to earn money? Check, No, it didn't involve an intent to earn money and Continue

A missing employer state ID number is not a big deal.  I recommend you do one of the following:   Use the employer's federal EIN (found in Box b) in the state ID field. If your wife worked for the same employer last year, check last year's W-2 and use the state ID number reported on that form. Contact her employer - it's the most accurate way to get the number. Have you wife check with her employer’s payroll or HR department. 

I was thrown by this, too! Thanks @KrisD15  The question is very poorly worded and too ambiguous. According to TurboTax, in 2025 the Form 8863 Question 23 reads:   "Has the American opportunity credit been claimed for this student for any 4 prior tax years?"   My son, the student (or, more accurately, the taxpayer for whom my student is a dependent) received the tax credit in 2 prior years (2022 & 2024) thus the credit has been claimed for this student in "any" prior tax year. In my case, the answer seems like it should be "Yes" and yet TurboTax marked it "No" so I started researching this further and ended up here. Seems to me the question could simply be worded:    "Has the American opportunity credit already been claimed for this student for 4 prior tax years?" (remove 'any')   I'm glad TurboTax knows what the IRS means versus what it said!

@Shiggy , while I lack the full details of your income/tax scenario,  I can confirm that I had a very similar m experience ---  in my case I used foreign dividend income of US$24,000  foreign tax paid of US$4000 , all prepared using only the step-by-step method;  after passing all the  TurboTax checks, I  changed to forms mode to look at the computation  m( 1116 Comp. wks.) and  discovered that for some reason  foreign  source income  was the same as the  foreign tax amount. ; looked at the entries on  1099-DIV.  All looked good.  What was interesting is that  the 1040 computation of  gross income  indeed had the correct  dividend income ( US$24,000) but  1116 Comp. wks. was in error  ( Foreign Tax  and  Foreign Source income  both at US$4000 ).  I corrected this  amount on the worksheet.  Everything  then became correct.     My assumption till now was that I  made an error in some  answer -- there is an area where Turbo asks for you to confirm / enter the  foreign source  income related to the  foreign tax amount.  But two posters making the same error ....? Seeing your post says that there is something  wrong here . My scenario was based on the latest minus one update  ( there was another update yesterday, and that may have fixed this ( issue?).   Your correction is the correct way to go   ( even though you should not have had to do this though ) -- just make sure that  you are using the 1116 Comp.wks. to make the edits.   Is there more I can do for you ?

You can correct the zip code directly on your Form 1099-OID if you are using TurboTax Desktop using the steps listed below.  You also should be able to correct this when your TurboTax program  takes you through your state review process. The review will take you to that form to edit it.  If this does not allow you to fix this issue you can delete the Form 1099-OID and re-enter it manually. I have listed steps for this below.   To edit Form 1099-OID directly in TurboTax Desktop, you can: Click on Forms in the upper right of your TurboTax screen to switch to Forms Mode Scroll down your list of Forms in your left panel to find the 1099-OID you wish to edit and click on it In your right panel the Form 1099-OID is displayed You will see address information near the bottom of the form You can correct the zip code by clicking in that address box where you need to edit If you used TurboTax Online to delete your Form 1099-OID you can: Click on "Tax Tools" in the left panel of your TurboTax screen Select  "Tools" Click on "Delete a Form" Scroll down the list of your forms to find Form 1099-OID Click on the trash can to the right of your form to delete it If you used TurboTax Desktop, to delete your Form 1099-OID you can: Click on "Forms" in the top right of your TurboTax screen to switch to "Forms Mode" In your left panel of your TurboTax screen find Form 1099-OID Click on "Delete Form" at the bottom of the form Click on "Yes" to confirm the deletion To get back to the section in TurboTax where you can re-enter your Form 1099-OID manually you can do the following: Click on "Search" in the top right of your TurboTax screen Type "1099-oid original issue discount" in the search box Click on the link "Jump to 1099-oid original issue discount" Continue through your TurboTax screen, select "Type it Myself" and enter your Form 1099-OID manually   Click here for Where do I enter Form 1099-OID? Click here for How Do I View and Delete Forms in TurboTax Online?   Click here for "How to Delete Forms in TurboTax Desktop.   Please return to Community if you have any additional information or questions and we would be happy to help.  

An estate tax return is required if the assets of the estate generate more than $600 in income.  An estate must issue a Schedule K-1 (Form 1041) to each beneficiary who receives a distribution of the estate's income, deductions, or credits. 

The Home Int worksheets are correct. Line 1b: one is Main Home; the other is Second Home 3a: Yes on both 3b: has the respective interest amounts reported on Form 1098 3d: Yes on both 4: respective amounts entered - total is < $750,000 5: respective dates entered - both after 2017 6a: Yes default entry on both - I can't access this line  6b Nothing entered 9: Property taxes entered and properly reflected on Schedule A 11: No on both 12 thru 14: No on both Limitation Smart Worksheet: A: No on both B: No twice on both C: Yes on both D: No on both F: amounts entered and box checked for one 1098 on both G1-9: All amounts properly summarized on both worksheets   I am about to give up. I spent over an hour on it last night.  Saved, Deleted, Re-entered, Closed out, Re-opened.  I have tried everything I can think of.    

To enter your Taxable Grants from Form 1099-G, you will need to go to a different section, which is just below the Unemployment (1099-G) section.   Go to Other Common Income, just below the Unemployment (1099-G) section Click the down arrow to the right to expand the options Select Government payments There, you will be asked about taxable grant information

see similar question, with comments on 2024 return from @DanaB27   https://ttlc.intuit.com/community/retirement/discussion/excess-roth-for-2024-was-recharacterized-to-ira-in-2025-before-deadline-how-to-enter-in-2025/00/3810204  

Yes, we can help with that. You can make a change to a tax return that has already been filed and accepted.  You should follow these guidelines.  You must first wait until the initial return is completely processed.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start ‌at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download   

As long as the total of the two distributions exceed your RMD amount, there won't be any penalty assessed.   TurboTax doesn't know your RMD requirement, so that information has to be input in the program by you.  As long as you know you have satisfied the RMD with your two distributions, you can just say the amount of the distribution in Box 1 of each of the 1099-R forms is equal to the amount of the RMD for that 1099-R entry.  Be sure to also check the box on the screen after you enter the RMD that states that the entire distribution applied to the RMD.  This will eliminate any penalty determination on Form 5329.