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In TurboTax Online, under the search microscope in the upper right hand corner of the screen, enter 'sale of second home'.   Click on 'Jump to sale of second home'.   The sale is recorded as the sale of an investment.   Or you may follow these steps.   Click on Federal down the left side of the screen. Click on Wages & Income down the left side of the screen. Scroll down to Investments and Savings and click the down arrow to the right. Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. At the screen Let's finish pulling in your investment income, select Add investments. At the screen Save time and connect your financial accounts, select Enter a different way. At the screen How do you want to add your docs?, select Type it in myself. At the screen OK, let’s start with one investment type, click Other, land, second home, personal items, 1099-S).  Click Continue. Under What type of investment…., select Second home. Enter the sales information.  You may or may not have received an IRS form 1099-S.    

With all due respect, 331 of us have a group where we all have this same issue. So yes, we applied for the advance the same way I have the last 5 years. Everyone accepted by IRS on 1/21 received their advance immediately. NOBODY accepted prior to 1/21 received theirs. Explain 

To check if you signed up for the TurboTax Refund Advance, you can look in a few specific places in your account or your email.    Check Your TurboTax Order Details On the Tax Home page, scroll down to the section for "Your tax returns & documents." Select View Order Details. Look for "Refund Advance" or "Credit Karma Money" listed under your payment and refund methods.  If it’s not there, you likely selected a standard direct deposit or a different refund option.   Look for Confirmation Emails If you applied, you should have received automated emails from TurboTax and its partners. From TurboTax: Search for an email confirming your "Refund Selection." From Credit Karma: If you were approved, Credit Karma sends an email when the funds are deposited into your Credit Karma Money Spend account. From WebBank: If your application was denied, you will receive an email from WebBank (the lender) explaining the reason for the decline.   Check Your Credit Karma Money Account Because the Refund Advance is deposited into a Credit Karma Money™ Spend account, checking that account is the fastest way to see if the loan was processed. Log in to your Credit Karma account. Navigate to the Money tab. If you see a pending or completed deposit for a portion of your refund (typically between $250 and $4,000) shortly after the IRS accepted your return, that is your Refund Advance.   Review Your Tax Return Summary You can also find clues on your actual tax forms: Open your 2025 return in TurboTax Go to the Tax Tools menu on the left Select Print Center View your Federal Information Worksheet Look at the "Direct Deposit" section If you signed up for the advance, the bank account listed will be the MVB Bank account associated with Credit Karma, rather than your personal bank account.

You can both use the 1098-T to enter the expenses. If you claim the tuition credit, you do need to report that you got one (the TurboTax interview will handle this) Your student should use the 1098-T because it makes entering scholarship income go smoother and puts the income in the right place on the tax forms, line 8r of Schedule 1. TurboTax can theoretically handle all that when you follow the interview carefully. But, it goes smoother if you use a work around in TurboTax (TT). Here's how I would do it. Enter the 1098-T, on your return, but only enter $3859 (2859 + books etc) in box 1. No other numbers. You only enter the 1098-T to get TurboTax to check the proper box on form 8863. Lying to TurboTax to get it to do what you want does not constitute lying to the IRS. The 1098-T that you enter in TT is not sent to the IRS. Enter the 1098-T, exactly as received, on the student's return. Enter book and computer expenses separately.  In his interview, you should eventually reach a screen called "Amount used to calculate education credit" (or similar wording).  Be sure the amount in that box is $3859 (the amount you used on your return). You must complete the “education information” subsection to get that screen, That will put all his excess scholarship as income on his return (line 8r of Schedule 1). Be advised some people are saying they're not getting the "Amount used to claim the tuition credit" (or “Education Expenses used for a Tax Credit”) screen on the dependent’s interview.  Check the student information work sheet (part VI, line 17) to verify it was entered.  If not, the alternate workaround is  to enter $3859 less than the actual box 1  amount, when you enter the 1098-T. There's yet another (and simplest) work around. Manually calculate the taxable amount of scholarship and enter the 1098-T, on his return, with 0 in box 1 and the  taxable amount  in box 5. In that case the amount in the  "Amount used to claim the tuition  credit" box is 0 (if it comes up). Before doing that, it may be helpful to first delete the previously entered 1098-T and start over, so that there's not conflicting data still hanging around.

This is because you were only covered for those 3 months under that policy. You may have another policy for other months which should be reported on a separate form 1095-A.   When entering your form 1095-A, only fill in the amounts for the 3 months. Leave the oher boxes blank. Do NOT fill in 0.

It depends. If you received Form 1099-MISC, there are several places to report the income. See this TurboTax article for instructions for most versions of Form 1099-MISC: Where do I enter a 1099-MISC?   If you paid someone else and need to provide Form 1099-MISC to them, log into your TurboTax return, then open a new browser tab and go to the Quick Employer Forms site.

The Form 1099-R section has been updated in both the online and desktop editions.   If you are using the TurboTax desktop editions, click on Online at the top of the desktop program screen.  Click on Check for Updates

depends which forms you need, check the tool (Intuit website may be having some issues at the moment).   1099R is now available in latest s/w release.   https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

You MUST have the school's employer identification no. to claim the more generous American Opportunity Credit (AOC). Ask the school for it. It should be a question they frequently hear.    The fact that you don't get a 1098-T may indicate that your school is not an "eligible institution".  Enter your school at the link below, to see if it's on the dept. of education list. https://www.savingforcollege.com/eligible-institutions

(a) I am from Germany (b) Yes I was a J1 Visa student  (c) my internship was starting November 1st 2024, ended February 28th 2025 My tax filing for the 2 months in 2024 went really well and without problems. Thank you for circling back soon 

Thank you. Yes she has around $1000 in additional expenses that were not included on the 1098. The actual tuition amount plus lab fees, lab supplies (purchased on Amazon) books and a laptop were purchased. There were no restrictions on the scholarships. She used the remaining funds for rent for off campus housing. So I would need to add the excess on her return and enter no expenses and then enter just the expenses on mine or the entire 1098t?

Less “rebate” doesn’t mean you’re paying more taxes. It just means you didn’t overpay. Check how much taxes you paid the previous years vs how much you’re going to pay for 2025. That’s a better gauge of whether you’re paying more or less taxes. 

If your form 1099-R has $0.01 in both boxes 1 and 2a, you can safely ignore it and not enter it on your tax return.   On tax returns, amounts are rounded to the nearest dollar, 0 to 49 cents rounded down, 50 cents and plus rounded to the next dollar. $0.01 rounds down to 0 and will not be entered on your tax return.

There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.  .                                                           Reference: Line 7 instructions for form 8863. https://www.irs.gov/instructions/i8863#en_US_2024_publink53002gd0e674 https://www.irs.gov/instructions/i8863

To use the "loop hole", do not enter $9500 as the scholarship amount.  Enter the 1098-T, exactly as received. When asked  if you want to allocate part of  scholarships to room and board or other noneducational expenses, enter the full $12,000. That frees up the $2500 for the Tuition credit.   Be  aware, if 2025 was your fifth calendar year in school, your parents may have already claimed the more generous American Opportunity Credit (AOC) the maximum four times allowed.  In that case, you will only be eligible for the Lifetime Learning Credit (LLC).  You get only  $500, instead of $2125 for the AOC.   Q. I have found out that I have not been claiming the scholarship as taxable income for the past 3.5 years. What is the best way to go about remedying this?  A. You should probably file amended returns for the past three years and also for 2021, if tax is owed.   That said, be aware that Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $15,750 filing requirement (2025)* and the dependent standard deduction calculation (earned income + $450).  It is not earned income for the kiddie tax and other purposes (e.g. EIC).  If you did not have enough income to be required to file or enough to owe taxes, you can probably forget about it.  *$12,550 (2021), $12,950 (2022), $13,850 (2023), and $14,600 (2024).    Q. My tax returns have been accepted each year just fine? A. Taxable scholarship is not currently an topic of IRS monitoring.