All Posts

@joebob8000    Are you getting either the AOC or LLC credit.  Look in the student worksheet form and see what is being applied in line 18 towards credits.  This should only be 4k if you are receiving the full AOC credit or 10k if receiving the LLC in full.  It gets complicated what the number should be there if your potentially being phased out on the credit.  I bet your entire 1098qt amount is listed in that line 18 when possibly only some of it should be, or none of it if your not eligible for either of the credits.  The result is that some of your expenses are not being allocated correctly between the credits and the 1099q income.  

@sungjinhan10  ADDENDUM As you will see in that FAQ above, if your refund does not arrive at least 1 day earlier than it would have arrived if it had come directly from the IRS, then the $35 fee will not be charged.

I realize that if all my 1099-Q distributions are for qualified education expenses than its a wash and I guess i don't need to enter it into TurboTax (desktop premier), however, that just doesn't seem right.  And if someone wasn't paying attention, they could get burned on this.   Why does the interview not understand that the total expenses matches the total distributions.  I am entering values in the room and board and books and computer categories, but if i look at 1040 line 8 I see additional income and the Schedule 1 I see a portion of my distribution as taxable.  Looking at the QTP computation of taxable distribution, it looks like it is reporting exactly a 10,000 excess distribution, but none of my numbers align with the qualified or excess numbers.     Should i just override the values in the form?   I'd rather have the tax software I paid for work correctly and accurately.

If you don't have access to your email address and are unable to sign in to your TurboTax account, review the TurboTax article I need help signing in to my Intuit Account for step by step instructions.    For help with your verification code, refer to the TurboTax article What if I'm having trouble with my filing verification code?   @jbozarth43 

@ sungjinhan10  Please be aware that this is a public Internet forum.  You should not post personal information here.  To remove your email address and other personal info, you can edit your question above.  To do that, click the tiny blue 3-dot icon just to the right of your question.    This is mainly a user community--not a direct route to TurboTax Support.   TurboTax Customer Support does not use email for support and does not normally communicate with email addresses in the user forum.   This is a duplicate question which can create confusion and redundancy.   Your question was answered previously at the thread linked below.  Please see the details that were left you there as well as contact information, if needed: https://ttlc.intuit.com/community/after-you-file/discussion/35-deduction-from-my-tax-refund-for-the-up-to-5-days-early-refund-service-i-did-not-know-this-option/01/3819508#M820289   "Based on my experience, I did not receive my refund notably earlier"   The timing is based on when the IRS has approved and scheduled the funds to be transferred.   Also be aware that if you did NOT receive your refund at least 1 day earlier than if it had come directly from the IRS, you will not be charged the $35 fee.   See the details in this FAQ:   FAQ:  "Up to 5 days early" offer https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund-advance/turbotaxs-five-days-e...

What tax year are you amending? If you filed a joint return, then the AGI will be the same for both of you.   Your 2024 tax return must have been accepted by the IRS for your prior year AGI to be on record. For more details, refer to the TurboTax article What if I entered the correct AGI and I'm still getting an e-file rejection? For more information.   You may also find it helpful to review the TurboTax article How do I fix e-file reject IND-031-04 or IND-032-04?

Form 4797 is sufficient.  Form 8594 is informational and helps the IRS keep track of what was sold and to who.  Although it's recommended to include this form, the IRS won't come knocking at your door if you don't file it.

That's a good thought, but no, I don't have to pay back any premium tax credits. Obviously I can't claim $5959 more for health insurance premiums than I paid. But I'm unable to change or override line 17. So I don't know what to do. Must be some kind of a work around but I don't see it.

You can add a dependent in TurboTax to see all of the fields related to dependents.    Where do I add or remove a dependent?      Although there is not a description field, all the relevant fields pertaining to claiming a dependent can be found in the dependent interview.   Many of the questions will relate to the guidelines here >>  Who can I claim as my dependent?   @T45Pickens 

See the following steps to remove property taxes:   Go to Deductions & Credits Then go to Your Home "Revisit" or "Start" the Property (real Estate) Taxes section. Remove any information previously entered in this section, or answer no to the "Did you pay property or real estate taxes?" question. Alternatively, you can delete Schedule A completely to remove any property tax items along with any other items related to itemized deductions (mortgage interest, charitable donations, etc.).  See the following link on how to delete a form in TurboTax: How do I view and delete forms in TurboTax Online?