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That may be entirely possible if your effective federal tax rate is much lower than the foreign counntries tax rates. There is also a special calculation if the foreign dividends are qualified. We cannot access your return. There is always the possibility that you entered something incorrectly   you need to look at Form 1116 to see what's happening on. This may require you to make arrangements to pay any TurboTx fees.   i have provided a link to the IRS Form 1116, so you may want to prepare it outside of TurboTax to see if you get the same results. Make sure to read the instructions for each line. They are not intuitive https://www.irs.gov/site-index-search?search=form+1116&field_pup_historical_1=1&field_pup_historical=1     

If you have no FTC, only carryover, the IRS holds the carryover information. You are not required to file the 1116. If you want to force file the 1116 using the desktop version: Open to Forms mode Locate Info Wks on the left side Scroll down to part VI Check the box to force file 1116 The 1116 forms should be sequenced passive income first, then general. If the sequence is broken, delete the general category to get it out of first place. Then enter it again. @CabeF  @hristoterezov 

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.      

1.  This is being looked into, but for the time being so you can still file, for the missing dealership transfer question, if you go back to the Credits and Deductions section, then select edit next to the EV credit for the vehicle you transferred, the option to select that the credit was transferred is there on the second time through.     2. For the errors, for hit a snag, have you tried to clear your cache and cookies?  Be sure TurboTax is fully closed, then clear cache and cookies, you may want to also reboot the computer, and then reopen the file. 

Thanks, this is very helpful.   The Schedule A deductions would reduce the beneficiary's taxable income as an itemized deduction, but since the child is claimed as a dependent on the parents' taxes, taxes are computed via form 8615 (the so-called Kiddie tax) at the parents' rate, rather than through itemized deductions.   I assume there's no way to reduce the income used to calculate taxes on form 8615 from the medical expenses?

The cost basis would be what you paid for it plus any discount entered on your W-2 form in the year you sold the stock. You may have to do some research to find out what the purchase price was when you acquired the stock. Also, your employer may be able to provide that information to you. You can research online to see what the price was when you acquired the stock and factor in the discount you received to determined what you paid for it.    When you enter your Form 1099-B reporting the stock sales, you will see an option that says the cost basis is incorrect or missing on my Form 1099-B. It is on the screen where you enter the proceeds and cost basis. If you check that box, TurboTax will allow you to either enter the correct cost basis or will offer to help you determine what it is and then enter it for you. If you have or can get the Form 3922 your employer issued when you acquired the stock TurboTax will help you determine the cost basis.   Usually what you must do is to take the discount listed on your W-2 form and divide it by the number of shares sold to arrive at the discount per share. Then, you add that to what you paid per share to determine the cost per share. You then multiply the cost per share by the number of shares sold to arrive at the correct cost basis to enter for your Form 1099-B.      

If you are using TurboTax Online it automatically saves your work as you go along. You can sign out and return to the same place later.   If you are using TurboTax Desktop, you can click on File at the top left of your TurboTax screen (in the black bar that goes across the top of your screen) and then click on Save in the dropdown menu. When you come back, you can click File in the top left corner, and choose Open Tax Return to pick up where you left off.  It is highly recommended to use File and then Save As to create a backup file.   Can I save my return and come back later? If you have additional information or questions regarding this, please return to Community and we would be glad to help.

Hello again!   I've followed your instructions and rechecked the interviews for Personal Information and the 1099-R's to ensure all information is complete and reflect the fact that we are Colorado residents.     I'm using the Do-It-Yourself Premium online version of TurboTax through our relationship with Fidelity Investments.  When I follow your steps to review the State Tax Summary, it shows the Subtraction from Federal Income associated with only the Social Security benefits we both received during 2025.    The IRA Distributions and Annuity payments we received in 2025 appears to have NO impact on the Subtraction from Federal Income line item on our CO State return.   I don't understand why this has no impact!  We are both older than 65 and I have found no details in all the documentation I've reviewed that these distributions should not be included in some way in the Subtraction from Federal Income calculation.     Are there additional interview questions in TurboTax that I am missing where the specifics associated the IRA distributions and annuity payments are entered into the calculation?   Thank you!