All Posts

@joho3 wrote: I am sorry but your response makes no sense ..box 2b is "taxable amount not determined" and box 7 is distribution code which in my case is a 7 (normal distribution). @joho3    I asked you to look at the Form 1099-R Summary, not the Form 1099-R. The Form 1099-R Summary is a separate worksheet in TurboTax that collects totals from all the 1099-R forms. The heading at the top is "Form 1099-R Summary," When you said "I have an amount on Line 2b and Line 7" I thought you were replying  to my questions about the Form 1099-R Summary. It might not help at this point, but just for the heck of it, please take a look at the Form 1099-R Summary. Here's what I wrote yesterday, above.   "Look at the Form 1099-R Summary in forms mode. Unless there's something you haven't told us, the amount of the distribution should be on lines 1, 2, 5, 8, and 10, and there shouldn't be anything else on the form. If there's anything on any other line, tell us what it is."   However, what you hadn't told us yesterday was that you also have a pension. So your Form 1099-R summary will look somewhat different from what I expected, because it will also include the pension. It might help if you tell us the exact amounts on each line of the Form 1099-R Summary that has an entry, instead of just "an amount." Also, please do double-check for overrides on the Form 1099-R Summary.  

Thank you @JamesG1 for such a comprehensive answer. I am on the desktop version. So it sounds like, especially if I have no manually entered or modified changes to the 1099, that the easiest is to just import it and let it overwrite the original. I understand that I can save a copy of the tax file before this reimport, and compare changes, or just compare changes looking at the tax forms. When you said, “use the method of handling the revisions that make the most sense to me in managing my tax data”, are you implying that the choices are either reimport and let it overwrite, or if the changes are very minor just update the existing 1099 manually?   Does it sound like I understand what you said?

No,  TurboTax automatically uses the FIFO(first-in-first-out) method for determining what carryback amount to use. If a year has a zero carryover, TurboTax will automatically skip that year and grab the next available dollar from the subsequent year in the table.    In this case, TurboTax will designate what year to use. You wouldn't make that determination on your own.        

Thanks for your reply.  I think we figured it out.  It is probably not a reporting problem.  It is a definition problem.  The term "Foreign Qualified Dividends" has two different meanings.  One is used in the context of dividends that receive preferential tax rates.  The other is used in the context of calculating the foreign tax credit.  The criteria for foreign qualified dividends are different between the two contexts.    Sorry for the confusion.  And thanks for your interest in resolving the problem.

If you are not getting the New York $20,000 pension exclusion, make sure you are over 59 1/2 and your age is correct in TurboTax and check that the 1099-R for this pension lists NY in box 15, and confirm you've entered the amount of your distribution in box 16.   You can get back to your Form 1099-R screens in TurboTax as follows to edit your Form 1099-R: Click on Search at the top right of your TurboTax screen Type Form 1099-R in your search box Click on the link Jump to Form 1099-R You will be able to edit your Form 1099-R If that does not help you can try deleting that Form 1099-R and re-entering it. You can do this using the steps listed below.   If you are using TurboTax Online: Go to "Tax Tools" in your left panel of your TurboTax screen, then  Select "Tools" and  under "Other Helpful Links"  select "Delete a Form."  This will bring up all of your forms and you can click on "Delete" next to the Form "1099-R" that you want to delete.   If you are using TurboTax Desktop:  1. Click on the "Forms Icon" on the top right of your screen to bring up  "Forms Mode"  2. Choose your "Form 1099-R from the list of forms in the left panel of your TurboTax screen 3. Use the "Delete Form" option at the bottom of your Form 1099-R that is displayed in your right panel of your TurboTax screen Select "Yes" to confirm the deletion of this form   You can then re-enter your Form 1099-R using the instructions above for editing the form.    Please return to Community if you have any additional information or questions and we would be happy to help.

After selecting Fidelity in the import window, a new browser tab should open, and then a Fidelity Sign In pop-up window after choosing 'Get My Form'.   Make sure your Fidelity account settings allow 'third party access'.  Many users are successful after changing browser setting to 'Allow' for LAN and disabling anti-virus/VPN.    You may need to save your tax file and uninstall/reinstall TurboTax if you're not getting this workflow.    @WinstonT1       

Yes, you will need to restore your complete carryover history in your 2025 return if it is not populated in your return. To enter.   Open your return and go to Federal > Deductions & Credits.  Scroll down to the Estimates and Other Taxes Paid section. Click Start (or Revisit) next to Foreign Taxes. ou must click through the initial interview questions. When it asks if you want to take the Credit or the Deduction, select Take a Credit.  Continue through this section  until you see a screen titled "Do you have any Foreign Tax Credit Carryovers?" and select Yes. TurboTax will present a table for years 2015–2024 and you can enter your information here.

@markmil11 wrote: ....not shilling for my employer, which yours obviously is H&R… That's funny because I just told a lone-time H&R Block user on Reddit to use TurboTax because H&R Block isn't support Merrill this year in terms of importing 1099s.