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33m ago
The entire distribution was used for education expense. So I will delete the form 1099-Q. I wish Turbo Tax do a better job in handling this.
34m ago
Yes, since you have the MAC download, you can enter this information on the form(s) itself. Here is a step by step method of doing this.
Go to the forms mode in your return
If there ar...
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Yes, since you have the MAC download, you can enter this information on the form(s) itself. Here is a step by step method of doing this.
Go to the forms mode in your return
If there are no Forms 1116, select open form.
Type in 1116 in the search
When you see Form 1116, select Form 1116 in the drop down
Now there should be a form 1116 that will appear in the right-pane of your program.
Now click on an empty box (not the shaded area) in Column A that is on the Gross income line. This will produce a magnifying glass,
Click in that box under Column A this will produce a Foreign Income Tax worksheet.
When this appears, first check the passive category income box.
Now go down to line 1G and type in from 1099's, then Go to Columns A, B, C and enter three countries in this form and report the gross income from each country.
Then go to part 11 and enter the foreign taxes paid for each of the countries.
If you have carryover amounts from past years you will enter those at the bottom of the form. Close this form
Now repeat step 2 to generate another Form 1116. Once the form appears in the search you will want to go to the bottom to create a new copy. You can call it Form 1116 (Copy2) or just copy 2. Then select open form
Once the blank 1116 is shown, repeat steps 6-11.
Repeat this process until all ten countries are reported and segregated in the form 1116. You should have 4 forms reporting all ten countries.
Remember, if you do this, every time you add a form, You need to give a unique name such as copy 1, Copy 2 and so on. Let us know if this is successful.
35m ago
state return health insurance but covered by my parents health insurance?
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36m ago
I assume you mean the Form 1099-NEC reports income and taxes withheld for the state of Washington in box 5 and 7? If so, when you report that information in TurboTax, there will not be an issue with ...
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I assume you mean the Form 1099-NEC reports income and taxes withheld for the state of Washington in box 5 and 7? If so, when you report that information in TurboTax, there will not be an issue with double-reporting of income. The income reported in box 1 will be shown on your federal return and the income reported in box 7 will be shown on your state tax return.
36m ago
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37m ago
The Teacher’s Retirement System of Louisiana (TRSL) uses a defined benefit (DB) retirement plan, and can be considered a governmental qualified pension plan.
37m ago
Thank you. I was going to do that, but then saw another suggestion to sign up on irs.gov and look at my last years 1040, which I did, and they had a slightly different AGI. Not sure why. But it wo...
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Thank you. I was going to do that, but then saw another suggestion to sign up on irs.gov and look at my last years 1040, which I did, and they had a slightly different AGI. Not sure why. But it worked.
38m ago
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January 2025 (for 2024) go to Federal on left or at top (Personal for Home & Business) Deductions and Cr...
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To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January 2025 (for 2024) go to Federal on left or at top (Personal for Home & Business) Deductions and Credits Then scroll way down to Estimates and Other Taxes Paid Estimated Taxes - click the start button You enter state estimated payments under the federal side (because they can be a federal itemized Deduction). THEN after you finish filling out the estimates under Federal you need to click on the State Tab at the top and start the state return over for it to update.
38m ago
I entered the 1099r under the income section. It is not an rmd.
38m ago
In prior years, I listed out rent and expenses, etc for the property. My concern is if I say remove property (only option it gives) all my depreciation is gone. Is there a way I can just remove this r...
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In prior years, I listed out rent and expenses, etc for the property. My concern is if I say remove property (only option it gives) all my depreciation is gone. Is there a way I can just remove this rental form maybe and still have the property there and where would I list the sale of property and what all do I need for that?
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40m ago
Did you enter it under Deductions & Credits? Only enter the 1099R. Or do you have yo take the RMD? You can’t convert the RMD amount. You have to take a distribution for the RMD or you will ha...
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Did you enter it under Deductions & Credits? Only enter the 1099R. Or do you have yo take the RMD? You can’t convert the RMD amount. You have to take a distribution for the RMD or you will have an excess accumulation penalty.
41m ago
Clearly did. It read what happened. The fact that no one can explain how I went through the very steps requested to get the account opened and went step by step through the filing the account was ope...
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Clearly did. It read what happened. The fact that no one can explain how I went through the very steps requested to get the account opened and went step by step through the filing the account was opened and no one know how or where my refund is going is just bad business. The site was clearly not functioning correctly and I get 0 support from either side.
41m ago
The Bailey Act exempts income from state taxes in NC. I’ve never had this error before using TurboTax.
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42m ago
Thanks for the heads-up that this is not fixed for 2025 taxes! I had this problem last year. Sounds like I'll need to find a new product to use this year.
42m ago
What I meant is that I saw a Trust return with Foreign Tax Credits; and they have a schedule/attachment that shows adjustment to the gross Foreign Dividends from the 1099 -- and the numbers on Form 1...
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What I meant is that I saw a Trust return with Foreign Tax Credits; and they have a schedule/attachment that shows adjustment to the gross Foreign Dividends from the 1099 -- and the numbers on Form 1116, Line 1a is smaller then the 1099 numbers on Line 3d. The attachment shows adjustment factors that reduces the number to be reported on Line 1a. And when I review all the worksheets on my 2024 tax return, I noticed that there is a "Smart Worksheets from Form 1040: Individual". It is about Foreign Qualified Dividends and/or Capital Gains Adjustment Smart Worksheet. On this Smart Worksheets, there is a check box "Check the box to make adjustments for foreign qualified dividends and/or capital gains for line 1. That box is not checked. If I check that box, will TT provide instructions the steps involved in making adjustments -- Does it have the adjustment factors? When I did my 2024 tax return, I don't recall getting that option to check that box. So what is the procedure to get to that Check box? Thanks in advance.
43m ago
Para poder mandar tu declaración necesitas buscar porque se rechazó tu declaración. Puedes ver tu código de rechazo en el correo electrónico que recibiste o puedes verlo en TurboTax después de inic...
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Para poder mandar tu declaración necesitas buscar porque se rechazó tu declaración. Puedes ver tu código de rechazo en el correo electrónico que recibiste o puedes verlo en TurboTax después de iniciar sesión y seleccionar Corregir mi declaración.
¿Qué significa mi código de declaración rechazada y cómo lo corrijo?
Hay veces que las declaraciones se rechazan cuando no puedes verificar tu identidad. Necesitas buscar el AGI del 2024. Ya que tengas el número correcto regresa a tu declaración y sigue los pasos a continuación para cambiar el numero en tu declaración:
Abre tu declaración
En el menú de la izquierda, selecciona Presentar
Selecciona Comenzar junto a Paso 3 (si es necesario, vuelve a visitar los Pasos 1 y/o 2 para activar el Paso 3)
Selecciona Quiero hacer la presentación electrónica
Continúa hasta que veas dónde ingresar el AGI del año anterior
Algunas recomendaciones adicionales del artículo de ayuda de TurboTax ¿Cómo encuentro mi AGI del año anterior?
43m ago
I see an option for entering future tax payments but not for taxes I have already paid. What am I missing?
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43m ago
You need to contact the manufacturer or company you purchased the property from and request the number.
43m ago
@stevince0526 If your expenses exceed your rental income, you may be able to carry over the excess to subsequent tax years which may be helpful if there is an increase in monthly rental rate.