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a week ago
@Propeller2127 , you need to contact your financial institutions ( those that sent you the 1042-S) and update them on your being no longer NRA but a resident ( for tax purposes ?).
If you look at ...
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@Propeller2127 , you need to contact your financial institutions ( those that sent you the 1042-S) and update them on your being no longer NRA but a resident ( for tax purposes ?).
If you look at the 1042-S form at IRS -- > 2025 Form 1042-S you will see the income codes and the explanatory codes called out.
Per the above
(a) income code 6 ( in Box 1 of 1042-S) is dividend issued by US corps.. Thus these incomes need to be entered as dividend income -- form 1099-Div . You can use dummy forms to enter this data .Essentially this lines up with your post.
(b) income code 29 ( in Box 1 of 1042-S) is deposit interest ( probably from a financial institutions like a bank or monies held for investment at a broker ). You need to enter these amounts as interest earned. The non-withholding probably means the amounts were of a minimal nature ( under $10 ? ). This does not line up with your post. You do not have to use dummy 1099-INT -- TurboTax allows you to enter interest income with just name of issuer and the amount.
Is there more I can do for you ?
pk
a week ago
2 Cheers
I assume you entered her? There are a couple questions you could have answered wrong under My Info. Click on My Info then click Edit by Dependents, then click Edit by their name and go though all ...
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I assume you entered her? There are a couple questions you could have answered wrong under My Info. Click on My Info then click Edit by Dependents, then click Edit by their name and go though all the screens again. First of all check their date of birth. Also you need to enter a ssn for them. And say her ssn is valid for employment. If your child was away at college, count the number of months away as having lived with you. The correct answer to claim the person is to say "the whole year". This will indicate you supported the person the whole year, thus it will be entered on your return correctly showing up as a dependent. Or the one that says did your CHILD pay more than half of their support. It's not asking if you did. If you can't get it to change then try completely deleting them and re-entering them. Sometimes that helps to clear something out. Or check and make sure you didn't accidentally check the box that says you (or your spouse) can be claimed as a dependent on someone else's return. You can't claim any dependents if you (or your spouse) is a dependent.
a week ago
1 Cheer
You don’t have to enter the 1098. Just enter the right amounts in the right places. If you took the Standard Deduction the 1098 wouldn’t show up on your return at all. It’s not like income that ...
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You don’t have to enter the 1098. Just enter the right amounts in the right places. If you took the Standard Deduction the 1098 wouldn’t show up on your return at all. It’s not like income that the IRS matches to your W2 or 1099 forms. And anyway you are not claiming more on SCH A. They don’t care about you claiming less deductions.
a week ago
What do you mean I do not have to put in the 1098 amount? The IRS matches that amount with what I put on the return. If it doesn't match it might red flag the return.
a week ago
The amount going to A can't be adjusted as it reads the 1098 information. I can add interest from a source where I did not receive a 1098. Example if I were paying for a seller financed mortgage and ...
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The amount going to A can't be adjusted as it reads the 1098 information. I can add interest from a source where I did not receive a 1098. Example if I were paying for a seller financed mortgage and no 1098 issued. However to adjust for the interest taken as an expense on E I put that amount on A as a negative to deduct it from the deductible interest from the 1098.
a week ago
1 Cheer
First, it seems to me that you told 2022 TurboTax that you claimed only $7,000 of this credit on your 2008 Form 5405, not the $7,500 actually claimed, resulting in TurboTax correctly calculating base...
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First, it seems to me that you told 2022 TurboTax that you claimed only $7,000 of this credit on your 2008 Form 5405, not the $7,500 actually claimed, resulting in TurboTax correctly calculating based on $7,000 a minimum required repayment of $467 for 2022 and 2023. With you telling 2022 TurboTax that a total of $6,000 was repaid in 2010 through 2021, plus the $467 paid each year 2022 and 2023, that left only $66 of $7,000 to be repaid in 2024. In other words, it seems that TurboTax made no calculation errors. (I'm assuming that you transferred in the prior-year TurboTax file when beginning your 2023 and 2024 tax returns.) Second, I don't see how an underpayment of tax by $33 in 2022 and 2023 can cause penalties and interest of $150 and $594 respectively, and an underpayment of tax by $434 in 2024 can cause a penalty of $150. It seems to me that these penalties are the result of under-withholding or insufficient estimated tax payments having been made and have little to do with the mistake that you made when preparing your 2022 tax return.
a week ago
Or if you mean that the last return you see in your account is the 2023 return (filed in early 2024) and can't find any evidence of the current 2024 return you filed in 2025, we can tell you how to l...
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Or if you mean that the last return you see in your account is the 2023 return (filed in early 2024) and can't find any evidence of the current 2024 return you filed in 2025, we can tell you how to look for multiple accounts.
a week ago
2024 is still the current year. Click on Add a State to let you back into your return. How to access your return after Efiling or printed for mailing. https://ttlc.intuit.com/community/my-tax-ret...
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2024 is still the current year. Click on Add a State to let you back into your return. How to access your return after Efiling or printed for mailing. https://ttlc.intuit.com/community/my-tax-return/help/how-can-i-access-my-return-after-i-ve-e-filed-or-printed-it/00/27591
a week ago
@brandy012678 wrote: "I'm at the email verification process to sign and submit my taxes but it's not sending me an email" If you are not receiving the code in your email, check your email's spa...
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@brandy012678 wrote: "I'm at the email verification process to sign and submit my taxes but it's not sending me an email" If you are not receiving the code in your email, check your email's spam/junk folder to see if it might have ended up there. You can also change the email address if desired (using the steps below.) Or you may also be able to verify it there in your account. You can go to your settings in your Intuit account and change or verify your email address there if it's not verified. In the left menu column scroll way down to Intuit Account. Then once in the account choose tab Sign In & Security. See if your email address has a tiny link beside it that says "not verified". If so, click that to verify. It may then send a link to your email instead of a code by which you can verify it. Perhaps once you verify it there in the account settings, it won't ask you to verify it again when you are efiling. But if it does ask you again when efiling to enter a code, be sure to leave the interface open while you retrieve the code. If after all that, you still can't resolve your issue, here's how to reach TurboTax Support Mon-Fri 5AM-5PM Pacific. FAQ: What is the TurboTax phone number? https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632 If you use Free Edition and don't have phone support, another way to reach them if you have social media is to direct message a Support agent: https://x.com/TeamTurboTax or https://www.facebook.com/turbotax
a week ago
Then aren’t you just entering the pro rated amounts on E and manually enter the other parts on A. Why are you entering them as negative amounts on A? You don’t need to enter the actual 1098.
a week ago
I know it works that way for office in the home but it doen't ask that on schedule E as it is looking at the rental as a property so any expense like utilities, maintenance, etc. has to be manually p...
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I know it works that way for office in the home but it doen't ask that on schedule E as it is looking at the rental as a property so any expense like utilities, maintenance, etc. has to be manually pro-rated. Unless I am missing something.
a week ago
I’m not sure how it works but don’t you enter the full amount on Schedule E and the percentage used and Turbo Tax calculates the amount for rental expenses and puts the rest on Schedule A? Don’t thi...
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I’m not sure how it works but don’t you enter the full amount on Schedule E and the percentage used and Turbo Tax calculates the amount for rental expenses and puts the rest on Schedule A? Don’t think you need to do anything on A.
a week ago
I legally got my foster daughter 10/2023 and adopted 3/2025 and had her in my custody since 10/2023. I never got an ATIN for her she never had a social security number until adoption as she was “baby...
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I legally got my foster daughter 10/2023 and adopted 3/2025 and had her in my custody since 10/2023. I never got an ATIN for her she never had a social security number until adoption as she was “baby girl” legally. I filed my 2024 taxes in 2025 after adoption and I got her social security number and was denied ability to claim her since her social was issued after 2024. This does not seem correct should I have gotten an ATIN or how can I claim her for 2024
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a week ago
My tax return e-file has been rejected twice by the IRS. Both have to do with adjusments to Mortgage Interest and Property Tax duduction. Here is the situation: I rent a room in my house to a compa...
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My tax return e-file has been rejected twice by the IRS. Both have to do with adjusments to Mortgage Interest and Property Tax duduction. Here is the situation: I rent a room in my house to a company. They pay me rent and they issue me a 1099-MISC. I claim that on Schedule E and a portion (pro-rated) of property taxes and mortgage interest as an expense against that rent. I then show these two deductions as an adjustment on Schedule A (I still get a better deduction versus the standard deduction) by showing them as negative amounts in the columns for mortgage interest and property taxes. The IRS doesn't like that and I am surprised Turbo Tax lets it happen without flagging it as an error. So apparently TT doesn't know about the IRS rules in this case or I guess I can just ignore the adjustment and double dip on the expense. The only alternative would be to make the adjustments and take the correct deduction on Schedule A and file via mail instead of e-filing. If anyone knows a work around let me know.
a week ago
TurboTax does not support New York state tax form IT-2663.
IT-2663 instructions - https://www.tax.ny.gov/pdf/current_forms/it/it2663i.pdf
IT-2663 Form - https://www.tax.ny.gov/pdf/current_for...
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TurboTax does not support New York state tax form IT-2663.
IT-2663 instructions - https://www.tax.ny.gov/pdf/current_forms/it/it2663i.pdf
IT-2663 Form - https://www.tax.ny.gov/pdf/current_forms/it/it2663_fill_in.pdf