All Posts

I was a running start student and completed an AA the same time I graduated high school. After taking a break, I decided I wanted to study science and returned to community college. I took a bunch of prerequisites and just transfered to a univeristy to pursue my bachelors degree. Essentially, I have a whole lot of credits I can't do anything with, but I am still currently working on my first bachelors degree. Since I have so many credits and only some could be transferred over, I am considered a junior at my new insititution. I'm confused by the language of "first four years of higher education" and "4 years of college credit before 2025" and thus am confused if I qualify for the AOTC or not.

Hi, Please confirm if I'm answering the below correctly as I questions wording seems confusing. 1099-Div form #8. Foreign Country or US Possession shows Various, #14-16 has no information. If I remember correctly TT used to have one option to either specify the state or to pick Multiple States. Now it's asking the following: I earned exempt-interest dividends in only one state (has a drop down to pick a state or multiple states) - would I pick this just want to make sure I'm doing it right. I earned exempt-interest dividends in more than one state (if I check this it's asking for each state and amount)   Thanks  

Dear Turbotax,  For the last 3 years I have based on your guidance handled the 529 that I administer in the following manner when doing taxes for my grandson who is the beneficiary. There are no AOTC credits involved. Qualified 529 withdrawals less allowed room & board less books = 529 money that can be applied to tuition. Tuition less remaining 529 money = tuition that scholarship money can be applied to. If tuition remains, there are no taxes. If scholarship money remains, it is taxed as excess scholarship (other Income, 1040 line 😎 . The tuition amount paid by the 529 is included as an Other Scholarship entry. 1099-Q not entered based onTurbo Tax guidance. Now that the product has been changed for 2025, I can no longer tell whether or not this approach holds water, what I should enter or where I should enter it. This is a TRIVIAL return (1 interest entry, 1 dividend entry) with the exception of the 529 QTP which should not be complicated. WHAT SAY YOU TURBOTAX?   

My spouse is U.S. citizen and I became a resident for tax purposes part way through 2025 (by passing the substantial presence test)- so non-resident for first half and resident for the second half. Can we file jointly? 

Full time student, worked for three months as a contractor for a tech company, did not receive any 1099. The turbotax income section requires 1099NEC or 1099MISC, and I have neither. How do I enter the income and expense related.