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There is a Turbo Tax input to enter the Foreign Dividends that generated the corresponding foreign taxes for each mutual fund.  Vanguard and Fidelity don't have a line item for this in their 1099-DIV... See more...
There is a Turbo Tax input to enter the Foreign Dividends that generated the corresponding foreign taxes for each mutual fund.  Vanguard and Fidelity don't have a line item for this in their 1099-DIVs.  I remember asking a mutual company about this in 2023 or 2024, but they said that they don't provide this.  Is this an IRS requirement or just a turbo tax input?   If the mutual fund company won't provide it, it will be hard to figure out what then foreign dividends would be that generated the foreign tax that was withheld.   Let me know your take and if you have any other suggestions to calculate the foreign dividends that were generated by fund
After entering my Estate K-1 info, into the step by step, and completing my tax return in the Desktop version, I printed it out all the forms I need to file, and saw I have no Schedule K-1. Going  to... See more...
After entering my Estate K-1 info, into the step by step, and completing my tax return in the Desktop version, I printed it out all the forms I need to file, and saw I have no Schedule K-1. Going  to Forms Mode, I see I have only the Information Worksheet for the K-1, but no Schedule K-1.  And when I click on the Schedule K-1 side panel of all the forms I  filled out, the Information Worksheets pop up to view.  But no Schedule K-1. Where's my Schedule K-1 for my Federal Taxes? Can anyone help me? I can't even add it because it isn't there in Forms.
If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are... See more...
If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
If the transaction was a covered transaction (without any adjustments) the 8949 is not required.  Covered transactions that don't have any adjustments are reported directly on Schedule D and details ... See more...
If the transaction was a covered transaction (without any adjustments) the 8949 is not required.  Covered transactions that don't have any adjustments are reported directly on Schedule D and details are not required to be on the Form 8949.  If this transaction is part of your total on Schedule D, then it is likely reporting correctly. 
There are many different tax breaks.  Which one are you referring to?
Sorry---W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and ... See more...
Sorry---W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond.  Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.     If you are preparing a return for a state that lets you deduct job-related expenses, the information will flow from your federal return  to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses
We have seen quite a few users who made a user error after entering their SSA1099.   On the screen just after the entry screen for the SSA1099, you were asked if you lived in certain foreign countrie... See more...
We have seen quite a few users who made a user error after entering their SSA1099.   On the screen just after the entry screen for the SSA1099, you were asked if you lived in certain foreign countries in 2025.  If you skipped past that screen or answered incorrectly, your Social Security was not taxed correctly--leading to the problem you are now experiencing.   
Yes, those are the current correct steps. 
 In the Social Security section for entering a SSA-1099 there was a section that asked if you lived in any of the foreign countries listed.  If you indicated Yes then the SS benefits would not be tax... See more...
 In the Social Security section for entering a SSA-1099 there was a section that asked if you lived in any of the foreign countries listed.  If you indicated Yes then the SS benefits would not be taxed.  Go back and amend your tax return so that you select No.   See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk   To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button
You mean they changed the taxable amout of Social Security on 1040 line 6b from 0 to an amount?   For the Social Security, you get 0 on 6b if you didn't answer the Foreign question right. Or if the... See more...
You mean they changed the taxable amout of Social Security on 1040 line 6b from 0 to an amount?   For the Social Security, you get 0 on 6b if you didn't answer the Foreign question right. Or if the amount on 6b is too low and you are married you answered it wrong for one spouse.   Starting in 2024 there is a new question asking if you lived in a foreign country. People were answering it wrong or skipping it. Go back through the Social Security entries and check, check for each spouse if married. If the IRS adjusted your return you do not need to amend.   Check the top of the Turbo Tax Social Security Worksheet. There is a box to check if you lived in a foreign country.
Can you clarify your situation? Is this happening while you're still posting the W-2? Is there an error message? If it occurs after the posting of the W-2 What page are you on? ... See more...
Can you clarify your situation? Is this happening while you're still posting the W-2? Is there an error message? If it occurs after the posting of the W-2 What page are you on? Is a message displayed, and how?
Hi Susan, Thank you for your quick response. Just for clarification, is this correct? (AI) Method 2: Menu Navigation Go to Federal Taxes > Wages & Income. Scroll down to the Less Common In... See more...
Hi Susan, Thank you for your quick response. Just for clarification, is this correct? (AI) Method 2: Menu Navigation Go to Federal Taxes > Wages & Income. Scroll down to the Less Common Income section. Click "Start" or "Update" next to Miscellaneous Income, 1099-A, 1099-C. Select "Other reportable income". Follow the prompts to enter a description (e.g."Jury Duty""Activity") and the amount.
Only the IRS is in control.   TurboTax gets no information from the IRS after you file your tax return.   You need to watch the IRS refund site for information.  It often takes up to nine weeks after... See more...
Only the IRS is in control.   TurboTax gets no information from the IRS after you file your tax return.   You need to watch the IRS refund site for information.  It often takes up to nine weeks after verifying identity to receive your refund.  Sometimes it will be sooner.   You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds  
It's not related to the IRS correction. It's related to turbotax software apparently not knowing how to do simple multiplication. As the original poster said, the software is populating line 29h with... See more...
It's not related to the IRS correction. It's related to turbotax software apparently not knowing how to do simple multiplication. As the original poster said, the software is populating line 29h with zero instead of the right number, which is 29g x 30%.
It is STILL not fixed as of 1 March, post 27 Feb update.  TurboTax online.  Last agent tried to pin it on tax changes - told them nope, nothing changed on this aspect, this is a turbotax software pro... See more...
It is STILL not fixed as of 1 March, post 27 Feb update.  TurboTax online.  Last agent tried to pin it on tax changes - told them nope, nothing changed on this aspect, this is a turbotax software problem that has never been there in the past 3-5+ years.  Absolutely unreal with only 6 weeks to file.
A couple reasons could be saying you need to upgrade…… You might be seeing this because of form 8959, that goes to Schedule 2. The amount of Medicare taxes withheld in W2 box 6 is not exactly 1.45% ... See more...
A couple reasons could be saying you need to upgrade…… You might be seeing this because of form 8959, that goes to Schedule 2. The amount of Medicare taxes withheld in W2 box 6 is not exactly 1.45% of the Medicare wages in box 5, due to rounding. I read a post that said to try leaving the cents off of the Medicare tax on your W2 box 6. Box 6 has to be exactly 1.45% of box 5 or less. If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the Retirement Savings Credit. You can say you are a student to decline the credit. You must answer Yes when asked in the Retirement Savings Contributions Credit section if your were a full-time student. The answer to this same question asked in the personal-information section is not the answer that is used.
If you were charged $89 for your TurboTax it is likely because your tax situation required more than the basic forms (for example, itemizing investments), you may have been upgraded to Deluxe or high... See more...
If you were charged $89 for your TurboTax it is likely because your tax situation required more than the basic forms (for example, itemizing investments), you may have been upgraded to Deluxe or higher.  The TurboTax Free Edition is for customers who are filing simple Form 1040 returns only (no schedules except for Earned Income Credit, Child Tax Credit and Student Loan Interest. Roughly 3.7% of taxpayers qualify    You can review your fees using the instructions below to find out why you're being charged. You can follow the instructions in this article to remove any  unwanted Fees Why am I being charged for TurboTax Free Edition?   You can review your fees in TurboTax online as follows: Go to the left side on your screen under "Tax Home" Go to "Tax Tools" then "Tools" The "Tools Center" Box will pop up Click on "My Fees" to see a summary of your Turbo Tax Fees. Click here for How do I review my fees in TurboTax Online? If you have additional information or questions regarding this, please return to Community and we would be glad to help.