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Once again - I repeat - this happened to me last year.  It's a timing situation with Schwab.  They post an advisory that tax statements are available, but that's only if you view it online.  The download doesn't work for 2-3 days after that.  It appears to work but no data is actually transferred.  The solution seems to be wait a few days.  Then it will work with data actually transferring to your TT desktop application.

Double check your entries for each dependent, then check your income levels and compare them in the chart in the links.    If you review last year's return with this year line by line you will be able to see possible changes that could be causing it. The earned income credit is limited to certain income levels based on the number of children you are claiming as dependents. The following links will be helpful to start by checking the income levels. What is the earned income credit - find out if you qualify What is the Additional Child Tax Credit? If you have more questions please add them here and we will help.

@dm55422 wrote: Enter assets in forms mode?  Good grief no....I use TT for a reason. Good grief? Then continue on with H&R Block where their rental depreciation and amortization section isn't ready either.  

Clearly this issue is only a small part of the changes in the tax code. Even though H&R Block may have "transparency" and they say that the D&A portion will be available next Tuesday, Feb 17, I'm not sure if that is a compelling reason to switch. TurboTax still push automatic updates to the tax programs well after the taxes are filed--am sure that other companies do that as well. Yes, it is inconvenient, but I don't see this delay as a big deal--haven't had a significant tax refund in a few years, this year will be no different.   As far as the comparison with rocket science goes--rocket science is based in the unchanging laws of physics and chemistry--our country's tax code is incredibly complex/convoluted and changes sometimes radically from year to year.   As long as I can continue to do taxes on my own computer (and not online) I will continue to do them on TurboTax. The only compelling reason for me to drop TurboTax is if we went to a straight flat tax.

@Rick_FOR_TX Since you are using the desktop editions, click on Forms in the upper right of the desktop program when using Windows (upper left in the TurboTax menu for a Mac)   When in forms mode, locate all the Form 1099-R's on the left side of the screen.  Click on each one to open and then click on Delete Form at the bottom of each 1099-R. Click on Step-by-Step to return to the interview.     To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

The 1098-E only lists the interest paid on the loan so it is included for the Minnesota Student Loan credit, but TurboTax does not use it as a separate amount because the credit applies to your total student loan payments (principal and interest).  You will have to get the total of your payments from your student loan provider.  

Thank you.  May I know why entering the non taxable contribution ( Contribution to IRA, my wages are higher that allowed for this deduction) would reduce the tax? As I explained in my original post, if I don't enter this non taxable IRA contribution, then the tax I owe is higher. Please help me to understand this Regards, Ravi

Hunter, did you use the online or desktop version. I opened desktop this morning and there were no updates available, so I’m reluctant to just try to file again without any updates to the software.  Thanks, Mike

I tried loading my screens to show you, but it didn't take them.  I'm still getting the "Depreciation and Amortization will be ready by February, but likely sooner" message.  My software is up to date.  I even tried the manual link this morning.  Still stuck.  I have major depreciation to enter, and I'm still waiting on this one form.  I tried another software...too painful...have to wait it out.  Sigh.  

I have been trying to download Schwab 1099s all morning.  It appears the connection between TurboTax and Schwab is working, but the download does not proceed.  I know this is happening to others, and I would hope that someone from TurboTax will respond with an explanation or, even better, a solution.  Per the Schwab website, the information is available for download.

@NakedRanger wrote: I would rather have to enter everything manually then put up.... No you wouldn't, not if you had a few hundred sales to enter.   If you've been having issues with opening the program, you should contact Support. Clearly, the vast majority of users are NOT having that issue so it's probably something specific to your setup.