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@DaveF1006    Hi there,   Thanks for your latest reply!  I'm afraid though you missed the entire point of my latest question.   I am well aware of the capital loss carry forward benefits.  I am... See more...
@DaveF1006    Hi there,   Thanks for your latest reply!  I'm afraid though you missed the entire point of my latest question.   I am well aware of the capital loss carry forward benefits.  I am well aware of that an inherited house is a long term asset.  I am also now aware of 901(m), thanks to you.  My question had nothing to do with these.      In my last post, ignoring all the previous questions (starting from clean slate!), I am only asking if I can claim foreign income tax credit for the foreign income taxes paid on the sale of the inherited house in the foreign country.   In a previous reply, you had indicated the way to do this will be the following:   "As you navigate through the foreign tax credit section, your dividend and interest information is already reported. You need to report the sale of the house and report the gross amount of the proceeds..   Go to Deductions & Credits  Estimates and Other Taxes Paid > Foreign Tax Credit. Follow the prompts  It will first ask you to report the income for the dividends and interest. In this case, you just need to check a box next to the dividends and interest to record the income. After this is done.  There should be two country summary screens. When you get to country summary screen, select edit next to the country XX that reported the interest.  Here it will ask you to report other Gross income XXX.  You will report the Gross proceeds from the sale. Don't enter anything for expenses. Continue through the screen until it asks you to enter foreign taxes. Here you will enter foreign taxes on other income. Finish out the interview screen until you are done." I am only double checking if this is correct.  For some reason, I had in my mind to add expenses of $50 and losses of $100K in the interview screens after step 7 above, which clearly you state is unnecessary.     I know you must be very busy answering questions with your expert knowledge so it's easy to lose track!  Please read this message and the last post carefully when you get a chance, as I think you are very close to resolving my question!     I really do thank you once again!   Please let me know if you have any questions about my question.
Perhaps you may need to clear your cache and cookies.   Clear your cache   Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more qu... See more...
Perhaps you may need to clear your cache and cookies.   Clear your cache   Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more quickly when revisited.   However, a full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).   Here are the official instructions for the most popular browsers: Google Chrome Mozilla Firefox Microsoft Edge   Apple's official support site doesn't appear to contain instructions for clearing the cache in Safari. Your best bet is to search the Internet for clear Safari cache or similar search terms.   Clear your Cookies   Cookies are small files that temporarily store data on your computer. We use them to personalize your experience so you see information you already entered and not items that are irrelevant or repetitive.   On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser.   Each browser has a slightly different method for deleting cookies. Choose the browser you're using: Microsoft Edge Mozilla Firefox Google Chrome Safari Safari for iOS (mobile devices)   TurboTax FAQ: How to clear your cache.   TurboTax FAQ: How do I delete cookies?   @olja  @Shanteseverino 
Yes, that is the issue. An overall net loss between your Schedule C and Schedule F provides no earned income for an IRA contribution. It's very important because you need to remove the contribution(s... See more...
Yes, that is the issue. An overall net loss between your Schedule C and Schedule F provides no earned income for an IRA contribution. It's very important because you need to remove the contribution(s) before April 15th to avoid any penalty. Be sure to remove any of the income earned on the amount withdrawn as well because it would be considered part of the excess.   For 2025 and 2024, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $7,000 ($8,000 if you're age 50 or older), or If less, your taxable compensation for the year Tax on excess IRA contributions An excess IRA contribution occurs if you: Contribute more than the contribution limit. Excess contributions are taxed at 6% per year for each year the excess amounts remain in the IRA. The tax can't be more than 6% of the combined value of all your IRAs as of the end of the tax year.   To avoid the 6% tax on excess contributions, you must withdraw: the excess contributions from your IRA by the due date of your individual income tax return (including extensions); and any income earned on the excess contribution. @hhttt 
@user17714296342 wrote: when will the rental depreciation be available Tomorrow or Friday, purportedly.
There are several options that you can try to correct your 1040MU form.   First... You can try deleting your 1040MU, and then completing your state tax returns.   Here's the general procedure... See more...
There are several options that you can try to correct your 1040MU form.   First... You can try deleting your 1040MU, and then completing your state tax returns.   Here's the general procedure for viewing a list of all the forms in your return and deleting unwanted forms, schedules, and worksheets in TurboTax Online: Open or continue your return. On Tax Home, select Start, Continue, or Pick up where you left off to enter your return. In the left menu, select Tax Tools and then Tools. In the pop-up window Tool Center, choose Delete a form. Select Delete next to the form, schedule, and worksheet in the list and follow the instructions. TurboTax FAQ: How do I view and delete forms in TurboTax Online? Second... Complete your Federal tax return, then move on to complete your non-resident tax return(s) next , and finally your state of residence (I'm assuming Rhode Island) tax return.  It's important that you complete your tax returns in the correct order so that all of your entries transfer to the correct forms. Third... And finally, you can also try deleting your cache and cookies (maybe you should try this first).   Clear your cache   Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more quickly when revisited.   However, a full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).   Clear your Cookies   Cookies are small files that temporarily store data on your computer. We use them to personalize your experience so you see information you already entered and not items that are irrelevant or repetitive.   On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser.   TurboTax FAQ: How to clear your cache.   TurboTax FAQ: How do I delete cookies?  
when will the rental depreciation be available  
Diane I was told by a CPA that I could NOT use the house sale as a deduction because it is considered a "personal asset". So who is correct?
It is only filed by the noncustodial parent with their tax return (or mailed with Form 8453 after e-filing their tax return). The custodial parent is the only one that has to complete and sign Form 8... See more...
It is only filed by the noncustodial parent with their tax return (or mailed with Form 8453 after e-filing their tax return). The custodial parent is the only one that has to complete and sign Form 8332. This releases the claim exemption. The custodial parent does not attach it to their own return but should keep a copy of it with their tax return  for proof of the release.    Click here for Form 8453.   Click here for About Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return.   Click here for Form 8332.   Click here for About Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent.   Please return to Community if you have any additional information or questions and we would be happy to help.  
We are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue.   You can send us a “diagnostic” file that has you... See more...
We are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue.   You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, please follow these instructions:    In TurboTax Online, open your return, go to the black panel on the left side of your program and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center. On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. You may wish to snap a screenshot to post instead of the actual number. Reply to this thread with your Token number (including the dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. If you are using TurboTax for Desktop, go to Online in the top menu, then choose "Send Tax File to Agent."   We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and possibly provide you with a resolution. 
In your earlier post you stated that "It shows was received by the IRS."    but now you are contradicting that by saying that the IRS says your information does not match.  Which is it?   When you us... See more...
In your earlier post you stated that "It shows was received by the IRS."    but now you are contradicting that by saying that the IRS says your information does not match.  Which is it?   When you use your filing status, your SSN and line 35a of your Form 1040 on the IRS site, does it show anything?
No.   The distribution is always taxable. If you are under 59 1/2, there is also a early withdrawal penalty of 10%. There are exceptions to this penalty.   But the purchase if a HVAC system to re... See more...
No.   The distribution is always taxable. If you are under 59 1/2, there is also a early withdrawal penalty of 10%. There are exceptions to this penalty.   But the purchase if a HVAC system to replace a failed unit is not one of the exceptions to the early withdrawal penalty.   You could however use the exception for a financial emergency withdrawal for up to $1,000.   Please read this TurboTax Help article.
Did you report that you rented the property during the year? Have you checked your business use percentage for the rental property? Either of those factors may change the amount of mortgage interest ... See more...
Did you report that you rented the property during the year? Have you checked your business use percentage for the rental property? Either of those factors may change the amount of mortgage interest that is allocated to the rental property.
Unfortunately, the HSA last-month rule calculation issue has not yet been resolved. As of February 18, 2026, I am experiencing the same errors reported by the original poster while using TurboTax Pre... See more...
Unfortunately, the HSA last-month rule calculation issue has not yet been resolved. As of February 18, 2026, I am experiencing the same errors reported by the original poster while using TurboTax Premier Desktop. I would greatly appreciate any guidance or assistance. Thank you.  
There are several options that you can try to correct your 1040MU form.   First... You can try deleting your 1040MU, and then completing your state tax returns.   Here's the general procedure... See more...
There are several options that you can try to correct your 1040MU form.   First... You can try deleting your 1040MU, and then completing your state tax returns.   Here's the general procedure for viewing a list of all the forms in your return and deleting unwanted forms, schedules, and worksheets in TurboTax Online: Open or continue your return. On Tax Home, select Start, Continue, or Pick up where you left off to enter your return. In the left menu, select Tax Tools and then Tools. In the pop-up window Tool Center, choose Delete a form. Select Delete next to the form, schedule, and worksheet in the list and follow the instructions. TurboTax FAQ: How do I view and delete forms in TurboTax Online? Second... Complete your Federal tax return, then move on to complete your non-resident tax return(s) next , and finally your state of residence (I'm assuming Rhode Island) tax return.  It's important that you complete your tax returns in the correct order so that all of your entries transfer to the correct forms. Third... And finally, you can also try deleting your cache and cookies (maybe you should try this first).   Clear your cache   Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more quickly when revisited.   However, a full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).   Here are the official instructions for the most popular browsers: Google Chrome Mozilla Firefox Microsoft Edge   Apple's official support site doesn't appear to contain instructions for clearing the cache in Safari. Your best bet is to search the Internet for clear Safari cache or similar search terms.   Clear your Cookies   Cookies are small files that temporarily store data on your computer. We use them to personalize your experience so you see information you already entered and not items that are irrelevant or repetitive.   On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser.   Each browser has a slightly different method for deleting cookies. Choose the browser you're using: Microsoft Edge Mozilla Firefox Google Chrome Safari Safari for iOS (mobile devices)   TurboTax FAQ: How to clear your cache.   TurboTax FAQ: How do I delete cookies?  
If CoinTracker includes your Robinhood crypto transactions, you shouldn't enter the Robinhood 1099-B separately. This would result in reporting the same sales twice. However, if the 1099-B includes s... See more...
If CoinTracker includes your Robinhood crypto transactions, you shouldn't enter the Robinhood 1099-B separately. This would result in reporting the same sales twice. However, if the 1099-B includes stock trades or crypto transactions that aren't included in CoinTracker, those must still be reported. Each taxable sale should be reported once to avoid IRS matching issues.
Yes, you can use expenses as part of your sales expense. If any of the repairs were capital improvements to the house see the information below.    Be sure to report your inherited house sale usi... See more...
Yes, you can use expenses as part of your sales expense. If any of the repairs were capital improvements to the house see the information below.    Be sure to report your inherited house sale using the steps below.    Your cost basis is the fair market value on the date of death of the decedent, plus the capital improvements (not repairs but improvements that are capital in nature).  The expenses of sale will reduce any gain or increase any loss as well. This is entered as the sale of investment property and can be entered as follows.   Enter the inherited property sale in TurboTax using the steps provided.   Open or continue your return: Choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu. In TurboTax Online select 'See more' in the FAQ then click 'sold second home'. Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2025? screen If you land on the Your investment sales summary screen, select Add More Sales On the OK, let's start with one investment type screen, select Other, then Continue On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale On the next screen, select  Other (choose this also for inherited homes) then select  I inherited it under  How did you receive this investment? (For TurboTax Desktop you can enter a description of 'Inherited Home' and long term holding period).
I never received an email from TurboTax indicating my return was ACCEPTED by the IRS as when my spouse filed his he received a notification from the TurboTax that his return was accepted by the IRS. ... See more...
I never received an email from TurboTax indicating my return was ACCEPTED by the IRS as when my spouse filed his he received a notification from the TurboTax that his return was accepted by the IRS. My only shows pending for federal and state on the TurboTax website. When checking with the irs I keep getting a message that my information does not match their records. Yet I put my correct information in. According to TurboTax it hasn’t been accepted by the irs yet and is still pending processing. Since my spouse and I would normally file married and jointly. We opted out this year and did married and filing separately. Both returns are marked that as well. 
The program is asking for the dollar amount.  All entries for Schedule DD of PA 41 should be in dollars.  The percentages on the schedule are calculated by the program.