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February 24, 2026
2:45 PM
1 Cheer
Yes, the software is designed to skip the adjustment screen if: Your total foreign qualified dividends + capital gains are under $20,000. Your taxable income is below the threshold for your f...
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Yes, the software is designed to skip the adjustment screen if: Your total foreign qualified dividends + capital gains are under $20,000. Your taxable income is below the threshold for your filing status. If your income exceeds those thresholds, TurboTax will recognize this. It'd ask you specifically to "Enter the amount of qualified dividends for [Country]." It will automatically multiply those dividends by a factor (like 0.4054 if you're in the 15% bracket) before putting the total on Line 1a. If you are working in TurboTax Desktop, you can see this in "Forms Mode" (Desktop version) on the Form 1116 Worksheet, where the "Adjustment Exception" box is unchecked.
February 24, 2026
2:45 PM
Absolutely. When you're doing your Michigan return - after you have entered the K-1 in your federal return - there is a section for "Income that Michigan handles differently". You will find the FTE...
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Absolutely. When you're doing your Michigan return - after you have entered the K-1 in your federal return - there is a section for "Income that Michigan handles differently". You will find the FTE addition there and it will allow you to enter any payments made on your behalf as well.
February 24, 2026
2:45 PM
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new...
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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
The deduction is not on the same line as your standard deduction. It is shown separately.on line 13b.
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
(The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
February 24, 2026
2:44 PM
1 Cheer
Since he is over the age of 23, even if a full time student, he is no longer eligible to be claimed as a dependent under the Qualifying Child rules. He can only be claimed as a dependent under the Q...
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Since he is over the age of 23, even if a full time student, he is no longer eligible to be claimed as a dependent under the Qualifying Child rules. He can only be claimed as a dependent under the Qualifying Relative rules where one of the rules states that their gross income for the year must be less than $5,200 among the other rules to be claimed as a dependent. Since his income is $5,200 or more, then no one can claim him as a dependent.
To be a Qualifying Relative -
1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld. 2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 3. The person's gross income for the year must be less than $5,200 (social security does not count) in 2025 4. You must provide more than half of the person's total support for the year. 5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year. 6. The person must not file a joint return with their spouse with the following exception - You can claim a person as a dependent who files a joint return if that person and that person’s spouse file the joint return only to claim a refund of income tax withheld or estimated tax paid.
February 24, 2026
2:44 PM
New Senior Bonus deduction
Topics:
February 24, 2026
2:44 PM
1 Cheer
Sorry--he is too old to be claimed as a qualifying child and made too much to be claimed as a qualifying relative. He cannot be claimed as anyone else's dependent.
February 24, 2026
2:43 PM
You report this income as Interest.
In TurboTax Online, you can enter your form 1099-INT by following these steps:
Open your tax return
Click on Federal in the left-hand column, the...
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You report this income as Interest.
In TurboTax Online, you can enter your form 1099-INT by following these steps:
Open your tax return
Click on Federal in the left-hand column, then on Wages & Income
Navigate to the list Income categories
Locate the section Investment and Savings and click on the arrow on the right
Click Start next to Interest on 1099-INT
You can import info from your bank or financial institution or choose to Type it in yourself
February 24, 2026
2:43 PM
How do I access forms with the online version?
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February 24, 2026
2:43 PM
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February 24, 2026
2:43 PM
Where is the $6000 Senior Deduction?
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February 24, 2026
2:43 PM
ALL of your 2025 W-2’s must be entered on the SAME tax return.
Go to Federal>Wages & Income to enter a W-2.
After you enter the first one, you click Add Another W-2.
February 24, 2026
2:42 PM
I moved to WA from UT in August and it shows the dates I lived in Utah as Aug- Dec 31st. But that is when I lived in WA. How do I correct this?
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February 24, 2026
2:42 PM
1 Cheer
Because the law says that if he is age 24 or older and has income over $5200, he can't be claimed as a dependent. It's just how the rules work.
(If he is disabled, and unable to perform gainfu...
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Because the law says that if he is age 24 or older and has income over $5200, he can't be claimed as a dependent. It's just how the rules work.
(If he is disabled, and unable to perform gainful work, and his income was earned in a sheltered workshop, he might qualify. That's more complex and we would need more details. But for a non-disabled person, the $5200 is a hard limit.)
February 24, 2026
2:42 PM
@number1pad wrote: DON'T be manually entering that amount on that line. That is Passive Loss Carryovers, not QBI carryovers. They are very, very, very different.
February 24, 2026
2:42 PM
If you receive a form 1099-MISC for a retirement benefit, then you are not considered as self-employed and do not need to file a Schedule C.
In TurboTax Online, enter your form 1099-MISC by fol...
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If you receive a form 1099-MISC for a retirement benefit, then you are not considered as self-employed and do not need to file a Schedule C.
In TurboTax Online, enter your form 1099-MISC by following these steps:
Open your tax return
Click Federal in the left-hand column then on Wages & Income
Navigate to the list of income categories
Locate the section Other Common Income and click on the down arrow on the right
Click Start next to Form 1099-MISC
Follow the interview until you arrive at the page titled Did this involve an intent to earn money?. Answer that this did not involve an intent to earn money. The amount will be reported as Miscellaneous income and will not be subject to Self-employment tax.
In TurboTax, there is a work-around. Although you may receive this income every year, say that you only receive the 1099-MISC in 2025, not in previous years and not in 2026, you will then have the screen where you can say that it did not involve an intent to earn money.
February 24, 2026
2:42 PM
1 Cheer
Both those reasons. He is over 23 and made more than $5,200. If he was under 24 and a full time student you could still claim him.
February 24, 2026
2:41 PM
2 Cheers
I've got TurboTax Deluxe 2025 desktop edition installed to my laptop, as I've been doing for DECADES. Importing from financial institutions, I am greeted with "We see you're trying to import a 1099-B...
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I've got TurboTax Deluxe 2025 desktop edition installed to my laptop, as I've been doing for DECADES. Importing from financial institutions, I am greeted with "We see you're trying to import a 1099-B, which requires an upgrade to Premier." This is new, unfortunate, and rather egregious. Can I trust this software to import data correctly and to perform the necessary computations correctly?
February 24, 2026
2:41 PM
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February 24, 2026
2:41 PM
How do I do this?
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February 24, 2026
2:41 PM
Interesting, thanks for sharing. You got that message about the March 6 timeline from an error on the Turbotax application itself? Or did one of the CS agents share this? I'll check back in later the...
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Interesting, thanks for sharing. You got that message about the March 6 timeline from an error on the Turbotax application itself? Or did one of the CS agents share this? I'll check back in later then. Seems crazy to me that it's this buggy this far into tax season.