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yesterday
TurboTax cannot automatically calculate the credit based solely on the tax reported on your investment company 1099. To generate the credit, visit the section for Foreign Taxes under Deductions ...
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TurboTax cannot automatically calculate the credit based solely on the tax reported on your investment company 1099. To generate the credit, visit the section for Foreign Taxes under Deductions & Credits, Estimates and Other Taxes Paid. You will need to determine the amount of the income reported on your 1099 that is associated with the foreign tax paid as well as the country or countries where the tax was paid. This is often located near the end of the statement in the dividend (or interest) details. Some firms give you a nice, easy total and others provide percentages that you will need to apply to the dividends. @laura-hike
yesterday
Yeah none of that helps. 1) I have confirmed my Turbotax is up-to-date. 2) I have powered my iMac off, restarted it, etc. 3) I even reinstalled Turbotax as described here: https://ttlc.intuit.c...
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Yeah none of that helps. 1) I have confirmed my Turbotax is up-to-date. 2) I have powered my iMac off, restarted it, etc. 3) I even reinstalled Turbotax as described here: https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/remove-reinstall-turbotax-mac/L6xLWlabw_US_en_US
yesterday
Hello , I received schedule K1 (1065) for tax year 2025. Box 13-K has value of zero. Turbo Tax software asking to fill the 8990 form. Do I still need to submit 8990 as the value is 13 K is zero?
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yesterday
Yes, the Kentucky Teachers' Retirement System (KTRS) is a government-funded and managed defined benefit pension pla. It qualifies as government pension income.
yesterday
What forms require signature and prevent me from efiling?
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yesterday
US Territory. To simplify things, You may want to select the state you would be living at if you were to not be living on a boat. (i.e. your parents state of residence)
yesterday
What version are you using? @zid
yesterday
If you are a New Jersey resident the amount in Box 1 of your W-2 is going to be included in your New Jersey income. If you are filing a New Jersey Non-Resident return then you will allocate the inco...
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If you are a New Jersey resident the amount in Box 1 of your W-2 is going to be included in your New Jersey income. If you are filing a New Jersey Non-Resident return then you will allocate the income that is New Jersey source income in the New Jersey return. There is a screen that asks "Did you earn all of your wages in New Jersey?. If you did not earn the income on the W-2 in New Jersey you will enter $0 on that page.
yesterday
This is not a widespread issue, but we can take a look at your 'sanitized' (all personal info removed) return to investigate further. In the left-side menu, choose Tax Tools > Tools, then 'Share my ...
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This is not a widespread issue, but we can take a look at your 'sanitized' (all personal info removed) return to investigate further. In the left-side menu, choose Tax Tools > Tools, then 'Share my Tax File With Agent' from the pop-up menu. Post a screenshot of your Token Number here. Also, what were you trying to do in the Rental Asset section? Change your Rental Asset properties, or add a new asset? @hhog
yesterday
If you are getting enrollment status must be entered in your TurboTax program, it usually happens in TurboTax when a Form 1098-T is entered without specifying if the student was at least half-time. B...
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If you are getting enrollment status must be entered in your TurboTax program, it usually happens in TurboTax when a Form 1098-T is entered without specifying if the student was at least half-time. Be sure to re-select your enrollment status (For example: at least half-time, full-time, or less than half-time).
To fix this, you can delete and re-enter your Form 1098-T using the steps listed below.
To delete Form 1098-T if you are using TurboTax Online:
In your left panel of your TurboTax screen click on "Tax Tools"
And then Click on "Tools"
Click on "Delete a Form"
Scroll through your list of Forms
Click the garbage can next to "Form 1098-T"
To delete Form 1098-T if you are using TurboTax Desktop, you can:
Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode"
In your left panel scroll down and look for "Form 1098-T"
In your right panel at the bottom of Form 1098-T, click on "Delete Form"
Click on "Yes" to confirm the deletion.
To re-enter your Form 1098-T and review your entries, you can:
Click on Search at the top right of your TurboTax screen
Type Form 1098-T in the search box
Click on the link Jump to Form 1098-T and Enter
Your screen will say Did you have education expenses? Answer Yes and Continue
Your screen will say Tell us which person was a student in 2025 Answer and Continue
Your screen will say Let's get XXX education info Was XXX working on an Associate, Bachelor or Graduate Degree Answer Yes and Continue
Your screen will say Did XXX have any of these common situations in 2025?Answer and Continue
Your screen will say Did XXX have any of these uncommon situations in 2025? Answer and Continue
The following screen is What was XXX's enrollment status in 2025? Answer Full-time, At least half-time or Less than half-time and Continue
Continue through your TurboTax screens and make sure all follow-up questions were answered correctly
In some cases, deleting the student as a dependent and re-adding them, then re-entering the 1098-T, is necessary to resolve the issue.
See Also:
Where do I enter Form 1098-T (Tuition Statement)?
Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
In TurboTax when you are asked to report your utilities, you should enter the total annual utility cost for your entire home.
After the software asks for your expenses to calculate things like ...
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In TurboTax when you are asked to report your utilities, you should enter the total annual utility cost for your entire home.
After the software asks for your expenses to calculate things like the Home Office Deduction, it performs its calculations based on the entire tax year.
yesterday
For this issue of missing to check the "someone can claim me as dependent", after filing the amended Fed return, did you have to refile the state return as well?
yesterday
Error F1-0965 occurs when the state thinks you are trying to amend a return that hasn't been filed. You must double-check that your original state return was Accepted, not just "Submitted." If it...
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Error F1-0965 occurs when the state thinks you are trying to amend a return that hasn't been filed. You must double-check that your original state return was Accepted, not just "Submitted." If it was rejected previously and never successfully e-filed, you cannot file an amendment; you must fix the original and e-file that first. If you e-filed the original very recently, the state may still be processing it. Wait a few days for the original to clear the state's system before resubmitting the amendment.
If the e-file system continues to reject the amendment with this code, your best option is to print and mail the amended state return. This allows a human reviewer at the state tax agency to manually link it to your original record.
yesterday
@SteveHuntCPA wrote: This thread is a disgusting reminder of the immense hidden cost of using TurboTax. I came here because a client of mine had used TurboTax and failed to claim depreciation for...
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@SteveHuntCPA wrote: This thread is a disgusting reminder of the immense hidden cost of using TurboTax. I came here because a client of mine had used TurboTax and failed to claim depreciation for a decade. You are spot on but may have only seen a small sampling. In addition to rental property issues (full-blown filing failures), take a peek at those buying TurboTax Business and attempting to prepare a 1041 for an estate or trust who have never done so previously, others trying to prepare a 1065 and can't figure out how to add or remove a partner, still others trying to prepare an 1120 or 1120-S and whose balance sheets are a disaster, etc., etc., ad nauseum. One of the primary problems here is many are trying to save a few bucks, which would otherwise be fine for a relatively simple and straightforward return, BUT are unwilling to invest the time and effort it takes to learn the very basics with respect to the exact peculiarities of the forms and schedules; no one wants to take the time to read instructions.
yesterday
Hi there, I seem to remember scheduling a tax payment through TurboTax (online) for April 14, but I can't remember for sure. How can I check to see if I did that and, if I did, what date it's schedul...
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Hi there, I seem to remember scheduling a tax payment through TurboTax (online) for April 14, but I can't remember for sure. How can I check to see if I did that and, if I did, what date it's scheduled for? This question was also asked here (https://ttlc.intuit.com/community/taxes/discussion/how-do-i-see-when-my-tax-payment-is-scheduled-to-be-paid-in-turbo-tax/00/2181155) but the answers are about Federal taxes and don't seem to help me any.
yesterday
I have a folder that is labeled xxx 1040 individual tax redutrn.tax2024 which I would assume has what I need in it... however it is zipped (?) and when I unzip it nothing that is in it is recognize...
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I have a folder that is labeled xxx 1040 individual tax redutrn.tax2024 which I would assume has what I need in it... however it is zipped (?) and when I unzip it nothing that is in it is recognized by TT to open.
yesterday
No, you generally cannot deduct your account transfer fees or management advisory fees to reduce your Net Investment Income (NII) on Form 8960 for the 2025 tax year. The Tax Cuts and Jobs Act (TCJA),...
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No, you generally cannot deduct your account transfer fees or management advisory fees to reduce your Net Investment Income (NII) on Form 8960 for the 2025 tax year. The Tax Cuts and Jobs Act (TCJA), suspended miscellaneous itemized deductions—including investment management fees. Only expenses deductible on Schedule A can reduce your net investment income.
You can only deduct expenses properly allocable to Net Investment Income that are allowed in calculating your federal income tax, such as investment interest expense and some state/local taxes.
While not deductible for federal purposes, some states may still allow a deduction for these fees on state-level returns.
If you have additional information or questions regarding this, please return to Community and we would be glad to help.