All Posts

Thanks for a more detailed explanation, but some of this just didn't match my experience. 1) I am using the Desktop TurboTax Premier 2025 on a Mac running macOS Sequoia 15.7.4. I am use to using the TurboTax "Forms" and have been for decades.  When I right click on Form 1116 AMT, Line 18, I do not see "Data Source" or "QuickZoom."  I see nothing.  Is this a system or software version difference? 2) In the list of "Forms" on the left, I see no "Foreign Tax Credit (Form1116) Computation Worksheet."  It would be nice to see it. 3) The IRS worksheet on their website makes no mention of using a different multiplier if it's AMT.   On line 7 (20% gains & qualified dividends) the IRS uses 0.4595 which is lower than either 20%/26% or 20%/28%. Likewise, on line 9 (15%) the IRS uses 0.5946 which is slightly higher than either 15%/26% or 15%/28%. I did a search on that same IRS webpage, which is "Instructions for Form 1116 (2025)" for the phrase "Alternative Minimum Tax," and here's ALL that it says: "Alternative minimum tax (AMT). In addition to your regular income tax, you may be liable for the AMT. A foreign tax credit may be allowed in figuring this tax. See the Instructions for Form 6251, Alternative Minimum Tax—Individuals, or the Instructions for Schedule I (Form 1041), Alternative Minimum Tax—Estates and Trusts, for a discussion of the AMT foreign tax credit." Please tell me where you are getting your information to change the values in the Line 18 IRS worksheet. 4) Even if I try to use the values you suggest, i.e. 0.5769, in my spreadsheet, I still don't get what's calculated on Turbo Tax's Form1116, Line 18. So thanks for trying, but this didn't help in the least.  I still think TurboTax is doing it wrong based on what's on the IRS website. On a side note, I've been using TurboTax for decades, and this is THE most bug ridden version of TurboTax I've ever used in March.  What happened at Intuit?  Are they cutting corners?

How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access the prior year..... You need to start entering some basic Personal Info in 2025 for the side menu to open up. Just continue a little ways into 2025. I had to go though about 12 screens. If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. So you need to make and keep your own backups. Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript Or get a copy of your return using form 4506 https://www.irs.gov/pub/irs-pdf/f4506.pdf

Si eligio a pagar el impuesto al momento de declarar, no hay que hacer ningun pago.  el pago se realizara al momento de procesar su declaracion.  TurboTax le preguntara como va querer pagar su impuesto al antes de presentar su declaracion.  Es una de las ultimas preguntas.  Si no eligio a pagar al momento de presentar, tendra que pagar por su cuenta antes del 15 de Abril.  Puede relizar pago via la pagina de web del IRS.  Le comparto liga del IRS:   Realice un pago de impuestos

I need to know what MAGI TT came up with to determine whether I meet the income limit for my IRA contributions. That is because by my calculation, I should be within the limit while TT thinks otherwise.    I saw in this community conversation that Form 8582 calculates the MAGI. https://ttlc.intuit.com/community/taxes/discussion/how-do-i-find-out-what-my-magi-number-is-through-your-site/01/198274#M80873   Surely, TT calculated the MAGI it used to determine my IRA income limit in some worksheet. I am just looking to download all the forms and worksheets that were generated for my tax return. I am sure it is fair asking because I paid Intuit for the doing my tax return and get in return all the forms and worksheets generated. 

Paid for expert advise and SS worksheet shows taxable $32k , checked SS  number and box unticked. waiting for refund and will amend , still Agi omits int and Capital gains number ?? Turbotax dies not save numbers correctly  , bug issue                                     // 

For a 401K plan?  No.  You need to be 55 when you stopped working there.     Exceptions for Early Distributions from a Qualified Retirement Plan such as a 401(k) or 403(b) plan. https://www.irs.gov/taxtopics/tc558  

How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access the prior year..... You need to start entering some basic Personal Info in 2025 for the side menu to open up. Just continue a little ways into 2025. I had to go though about 12 screens. If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. So you need to make and keep your own backups. Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript Or get a copy of your return using form 4506 https://www.irs.gov/pub/irs-pdf/f4506.pdf

@marie2023 Thanks for the detailed work arounds, but I cannot imagine subjecting myself to such. It is truly a Via Dolorosa of tax returns. I would rather pay a CPA and use my day for family time.  If I pay for a software package, I expect it to do its job as advertised, in a helpful and intuitive way. TurboTax does not do this as relates to financial imports. The Intuit software engineers need to fix that. The extremely disappointing answer that "it works as designed" simply says "it behaves as we implemented it". Absolutely true and also absolutely nonsensical, even offensive. Any engineer working in my group who said this would be invited to a polite, heart to heart "come to Jesus" discussion. Inuit management should know better than offending customers with such statements.

Tax-exempt interest includes: Municipal Bonds: interest on bonds issued by states, or U.S. possessions. Public Projects: bonds funding schools, infrastructure, or utility services. Education Savings Bonds: Interest from Series EE and Series I U.S. savings bonds issued after 1989, provided they are used for qualified higher education expenses. Tax-Advantaged Accounts: Interest, dividends, or growth within Roth IRAs or 401(k)s that aren't taxed until withdrawal. It could be that the 1041 has other Tax-exempt interest income that may not be taken into account in the $14,000 amount.  If you haven't done so already, make sure you don't have any double-entries and/typos that is causing TurboTax to show $26,000.

No, you don't need to indicate ''you lived'' in WA - temporary absences for work do not count as a residence change.    If you were only in Washington temporarily, you are considered a non-resident of WA and a full-year resident of Wisconsin.   Do I qualify as a resident of the state for tax purposes?    You did not 'live in' WA for tax purposes..   Generally, you're a resident of a state if you don't intend to be there temporarily.    It's where home is—where you come back to after being away on vacation, on a business trip, or at school (or internship).  For you, that is WI.  

Do you have Passive Activity Loss Limitations on Form 8582?  I don't see any MAGI on that. https://www.irs.gov/pub/irs-pdf/f8582.pdf    What do you need the MAGI for?  There are many different MAGI calculations depending on what you need it for.  Turbo Tax doesn't calculate it.