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a month ago
No one in the user forum can see your account or the fees you are being charged for. We do not know if you upgraded to Premium for some reason, added extra features, etc. etc.
How can I se...
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No one in the user forum can see your account or the fees you are being charged for. We do not know if you upgraded to Premium for some reason, added extra features, etc. etc.
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
a month ago
It could be because of several reasons.
You haven't "Linked" the Income to the Credit
Entering the foreign tax in the 1099-DIV section is just the first step. TurboTax will ask you to finish...
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It could be because of several reasons.
You haven't "Linked" the Income to the Credit
Entering the foreign tax in the 1099-DIV section is just the first step. TurboTax will ask you to finish the Foreign Tax Credit interview to confirm you qualify.
Go to Deductions & Credits > Estimates and Other Taxes Paid > Foreign Taxes.
When asked, select Take a Credit (not the Deduction).
You must follow the prompts until you reach a screen that asks you to select the "Country." Even for mutual funds, you usually select "Various" or "RIC" (Regulated Investment Company).
If you don't complete this separate section, the amount you entered on your 1099 will sit in "limbo" and won't flow to your Form 1040.
Your Tax Liability is Zero (or too low)
The Foreign Tax Credit is a non-refundable credit. This means it can only reduce the tax you owe to $0; it cannot give you "extra" money back.
Look at Form 1040, Line 18. If that number is $0 (perhaps because your standard deduction and other credits already wiped out your tax), the Foreign Tax Credit will be $0.
TurboTax will automatically turn that "unused" credit into a carryover for next year. You haven't lost the money; you just can't use it this year.
The "Passive Income" Category
For foreign investments, the IRS requires you to categorize the income.
In the Foreign Tax interview, ensure you select "Passive Income" for dividends and interest.
If you accidentally select "General Category" or "Section 951A," and you don't have matching foreign wages or specific business income, the credit will be calculated as $0 because the "categories" don't match
a month ago
Did you happen to use desktop software in previous years but used Online TurboTax this year? Online Deluxe cannot handle Schedule C with expenses, Schedule D, Schedule E, or Schedule F, or enter a ...
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Did you happen to use desktop software in previous years but used Online TurboTax this year? Online Deluxe cannot handle Schedule C with expenses, Schedule D, Schedule E, or Schedule F, or enter a K-1. Any of those items in Online TurboTax will need upgrade to Premium. In desktop software all editions including Deluxe can handle those items.
a month ago
To claim the solar credit, please follow these steps:
In TurboTax Online, open your return
Click on Federal in the left-hand column, then on Deductions & Credits
Navigate to the list of Deduc...
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To claim the solar credit, please follow these steps:
In TurboTax Online, open your return
Click on Federal in the left-hand column, then on Deductions & Credits
Navigate to the list of Deductions and credits
Locate the section Your Home and click on the arrow on the right
Click Start next to Home Energy Credits
Follow the interview until you arrive at the page titled Enter Residential Clean Energy improvements
Enter your solar costs in the box for Solar electric costs (see attached screenshot).
a month ago
No one in the user forum knows the answer to those questions. We have no access to your account or to your tax return. Were you using "Live Assist" with help from an expert? If so, you need to ch...
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No one in the user forum knows the answer to those questions. We have no access to your account or to your tax return. Were you using "Live Assist" with help from an expert? If so, you need to check in with your expert.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb
a month ago
IRS said that not the address on file It is not clear what your question is. In TurboTax Online, your mailing address may be updated and corrected under My Info down the left side of the scre...
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IRS said that not the address on file It is not clear what your question is. In TurboTax Online, your mailing address may be updated and corrected under My Info down the left side of the screen. To update or correct your mailing address within your Intuit account, select Tax Home in the upper left hand corner of the screen. Click the down arrow to the right of My account. Update the address under Profile. If this does not answer your question, please post again.
a month ago
1 Cheer
I do believe they were very simply giving an update; yknow, like how the original poster of this thread was asking for other’s input. not for common knowledge and **bleep** you can find on a Q&A page...
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I do believe they were very simply giving an update; yknow, like how the original poster of this thread was asking for other’s input. not for common knowledge and **bleep** you can find on a Q&A page.
a month ago
My forms were available 2.11.2026 Could it be just not available to link until 2.16, or buisness day after? Thanks
a month ago
Is this for a rent credit on your state tax return? If so, which state return are you preparing?
a month ago
It depends. You would need to look at the date of his withdrawal. If on the date of his withdrawal, if he was considered to be enrolled at least half time on at least May 1st, then he would meet th...
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It depends. You would need to look at the date of his withdrawal. If on the date of his withdrawal, if he was considered to be enrolled at least half time on at least May 1st, then he would meet the requirement for 5 months. If he was officially unenrolled prior to May 1st, then the would not be considered a student for the month of May and would not meet the 5 month rule.
a month ago
1 Cheer
I have TurboTax Premier Desktop and it does not have the capability yet for me to enter the depreciation on my rental house. It tells me to wait and that that form will be coming in February. It is...
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I have TurboTax Premier Desktop and it does not have the capability yet for me to enter the depreciation on my rental house. It tells me to wait and that that form will be coming in February. It is February 16, I have updated the application and it still is not available. This is not complicated, and I have checked with other sources and know that nothing has changed that will affect this in my situation. When can I get this information so that I can finish my taxes? It has a real impact on the bottom line.
a month ago
I have been using turbotax for years. I am an accountant and jsutify the convenience every year because the price was always $80 or less and my tax history is tracked. I have always used deluxe wit...
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I have been using turbotax for years. I am an accountant and jsutify the convenience every year because the price was always $80 or less and my tax history is tracked. I have always used deluxe with no problem. This year I was forced to pay for the highest package although my return is far from complex, and I used no "expert." If something isn't adjusted on my invoice, consider this my last year as a customer.
a month ago
@gdgraph the 4562 issue only applies to Schedule E
a month ago
Depending on the timing, you can fax your corrected forms and have the IRS and NY process them first.
@Angelatetaud
a month ago
1 Cheer
Still not working and you posted two weeks ago. Turbo tax needs to get this fixed. I can't file taxes without it. I talked to an agent on Saturday and he had no clue about this issue. They should...
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Still not working and you posted two weeks ago. Turbo tax needs to get this fixed. I can't file taxes without it. I talked to an agent on Saturday and he had no clue about this issue. They should have this flagged and get it fixed.
a month ago
@marytony Not sure what the question is. You are seeing on the IRS site that your refund is approved and that the IRS will issue it on a specified date several days from now---on 2-19. They also ...
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@marytony Not sure what the question is. You are seeing on the IRS site that your refund is approved and that the IRS will issue it on a specified date several days from now---on 2-19. They also tell you to allow up to five days for the refund to post to your account. What "changes" are you expecting to see? Where are you expecting to see a change? If you mean on your TT account, that is never going to change from "accepted"-- once you file your tax return, TurboTax gets no updates from the IRS. Your account will only show that your e-file was accepted; TT never knows if or when you got your refund.
a month ago
February 13 is 3 days ago. Anymore update?
a month ago
I still stand by my original advice. While your approach might look cleaner, it could lead to problems and increase the chance of an automated IRS notice, since the return wouldn’t be accurate.
...
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I still stand by my original advice. While your approach might look cleaner, it could lead to problems and increase the chance of an automated IRS notice, since the return wouldn’t be accurate.
Make the amendments first, then file your 2025 tax return using the amounts you calculated. Even though the IRS hasn't "accepted" the 2023/2024 amendments yet, your 2025 return will be factually correct based on the records you are providing.
a month ago
1 Cheer
Yes. The section of the Form 1099 Composite that you are highlighting shows the total short-term sales. The covered are Box A (basis reported to IRS) and the noncovered are Box B (basis not reported ...
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Yes. The section of the Form 1099 Composite that you are highlighting shows the total short-term sales. The covered are Box A (basis reported to IRS) and the noncovered are Box B (basis not reported to IRS).
a month ago
You said to answer yes to this question "Box 6: Is the recipient of the distribution the designated beneficiary?" But just below this question it says "Recipient is not designated beneficiary." ...
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You said to answer yes to this question "Box 6: Is the recipient of the distribution the designated beneficiary?" But just below this question it says "Recipient is not designated beneficiary." And the answer to this statement is no. Further confusing things is the fact that the Yes/No radio button for this question appears just below the second quote identified above. Thus, it seams the "not" is in error and should be removed from the above statement in the turbotax program.