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yesterday
Follow these steps:
Go to the State Taxes tab and Edit / Review your Wisconsin return.
Continue until you see income that WI handles differently - or similar- depending on the program.
Loo...
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Follow these steps:
Go to the State Taxes tab and Edit / Review your Wisconsin return.
Continue until you see income that WI handles differently - or similar- depending on the program.
Look for Medical
Start/ edit Medical Care Insurance
Enter the amount paid via the Marketplace (Form 1095-A, Column A minus Column C).
yesterday
Para llenar sus taxes del 2024, puedes hacer clic aqui para comprar su producto de TurboTax.
Los impuestos del 2024 no se pueden enviar electronicamente, solo por correo.
yesterday
Putting a large amount for Foreign tax did not work to generate Form 1116. Please open a bug report. 1. I have a large carryover from previous years. 2. I have a <300 foreign tax for 2025 3....
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Putting a large amount for Foreign tax did not work to generate Form 1116. Please open a bug report. 1. I have a large carryover from previous years. 2. I have a <300 foreign tax for 2025 3. The foreign tax credit for 2025 is 0. 4. In View Forms, I can see the Form 1116 worksheet. I have entered prior years carryover manually. 5. I would like to file my return electronically. 6. When I ask Turbotax to generate a PDF for review, Form 1116 or Form 1116 worksheet is not generated in either "Forms for Filing or All calculations worksheet". 7. I have selected "File Form 1116 even if not needed" option in the Federal Information worksheet. I found Turbotax rules on Form 1116 below. It says I should be able to force Form 1116 generation by selecting the option in the Federal Information worksheet. Thank you. R ------------------------------------------------------------------------------------------------------------------------------------------------------- Here are the rules per TurboTax Desktop. RULES FOR FORM 1116 AND HOW THE PROGRAM DETERMINES WHETHER OR NOT FORM 1116 NEEDS TO BE ATTACHED TO THE RETURN Many people will be able to claim the foreign tax credit without actually completing Form 1116. This is an election that can be made if ALL of the following are true: * All the income must be in the "passive category income" category of income. * The total amount of creditable foreign taxes is $300 or less ($600 or less if married filing jointly). * All of the creditable foreign taxes are shown on a payee statement (1099-INT, 1099-DIV, Schedule K-1, etc.) furnished to you. * Any excess foreign taxes paid or accrued in another year cannot be carried into or out of the current tax year. (Even if there was a carryover from a previous year that is eligible to be claimed in the current tax year, it can't be claimed in a year where the election is made to NOT complete Form 1116.) * You are not filing Form 4563 or excluding income from sources within Puerto Rico. * Any dividend income from shares of stock are from shares held at least 16 days. The program will automatically make this election if all of the following are true: * The total sum of foreign taxes entered on Forms 1099-INT, 1099-DIV, the Schedule K-1 Worksheets, and any manual entries made on the 1116 Computation Worksheet lines 8p and 8r1 doesn't exceed the $300/$600 limit. * If there is a foreign tax amount on a Schedule K-1 Worksheet, the category of income selected is "passive category income". * If a category of income box is checked on any Form 1116, the category checked is "passive category income". * If a category of income box is checked on any Form 1116 Computation Worksheet, the category checked is "passive category income". * There is no amount entered on the Federal Information Worksheet for "Excludable income from Puerto Rico". * There is no foreign tax credit carryover from another year that can claimed in this year. If any of the following are true, you may wish to NOT have the program make the election for you: * If any foreign taxes that you are claiming a credit for weren't reported to you on a payee statement (you MUST file Form 1116 in this situation), or * If you can't claim all of the foreign taxes as a credit against your taxes this year because your tax is smaller than your credit, or * If you paid foreign taxes on income that can't be marked as foreign income within the program (for example, pensions or rents or royalties), or * If you entered an amount on the Federal Information Worksheet for "Excludable income from bona fide residents of American Samoa, Guam, or the Commonwealth of the Northern Mariana Islands" and some, or all, of the amount was excluded on Form 4563, or * If you have any other reason to complete and attach Form 1116 to your return. If the program determines that you are qualified to claim the credit without completing Form 1116 but for one of the above reasons you want (or need) to complete and file Form 1116 anyway, check the box in the Other Information for Your Tax Return section of the Federal Information Worksheet. You will then need to complete Form 1116.
yesterday
do I need a PIn?
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yesterday
Yes, you can clear all three boxes 15-17 as per the error message and that should clear the error.
See this tax tips article for more information about Form 1099-INT.
yesterday
Trying to enter 1099 information but the screen scroll bar has disappeared forcing you to tab through 20 empty boxes
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yesterday
to move on you must choose either efile or file by mail for at least on of you
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yesterday
@Hal_Al So I have been going back and forth with the University, AI, past PHD student experiences and the Tax Code on this, but cannot really get any clarity on the inclusion of University provided ...
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@Hal_Al So I have been going back and forth with the University, AI, past PHD student experiences and the Tax Code on this, but cannot really get any clarity on the inclusion of University provided Health Insurance in taxable income. The school says it is mandatory and students are auto-enrolled. Because of this, many believe that this makes it QTRE and therefore not taxable (even though it is not included in Box 1 of the 1098-T). Further, on the student account, it shows an expense for healthcare, then immediately after that a credit for the same amount, net-zero. Would you consider this taxable income? If so, this would mean the 1098T is incorrect and we would have to manually calculate the taxable income by reducing it by the amount of Health Insurance Premium that was not included in Box 1, overstating income by the same amount. (Box 5 much larger than Box 1, FYI). Thanks for any help here. Rich
yesterday
I had the same issue. Did you print your 2024 return? I keep a pdf copy. AGI is on line 11 of your 1040. Easy Peasy. But it is a pain to have to go and look it up just as your e-filing.
yesterday
If you are claimed as a dependent, and it is asking for a 1095-A, it sounds like you did not check the box that says someone WILL claim me as a dependent on their return this year.
If you are...
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If you are claimed as a dependent, and it is asking for a 1095-A, it sounds like you did not check the box that says someone WILL claim me as a dependent on their return this year.
If you are claimed as a dependent, then you do not need to enter any type of information regarding insurance.
Two things to do to get rid of this error.
Go back to the personal info section and walk through the questions. Be sure that you say that someone WILL claim you as a dependent on their return this year.
Go to the delete a form section and look for form 1095-A or form 8962 and then delete the form.
From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
On the drop-down select Tools
On the Pop-Up menu titled “Tools Center,” select Delete a Form
This will show all of the forms in your return
Scroll down to the form you want to delete
Select the Form
Click on Delete.
Always use extreme caution when deleting information from your tax return. There could be unintended consequences.
yesterday
Based on your last question entering your withholdings is what is needed. The selections are definitely there and it's a matter of scrolling and selecting what you need. I managed to figure out how...
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Based on your last question entering your withholdings is what is needed. The selections are definitely there and it's a matter of scrolling and selecting what you need. I managed to figure out how to report the income but I haven't found a way to report the tax withheld. The options I see under Deductions & Credits have more sections than you show: Both TurboTax Online and TurboTax Desktop (I am assuming you are using TurboTax Online) Scroll until you see Estimates and Other Taxes Paid > Select the arrow at the end of that line to open the list Select Income Taxes Paid > Scroll to Other Taxes Paid > Select the arrow at the end of that line to open the list Select Withholding not already entered on a W-2 or 1099 > Revisit or Start Enter an amount in the box for Federal withholdings > Continue > Continue Land back at the Deductions & Credits screen @frands
yesterday
Have you told the system that you plan to mail in the return? If you are filing electronically the statement is all that needs to be included. If you are printing and mailing the system should incl...
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Have you told the system that you plan to mail in the return? If you are filing electronically the statement is all that needs to be included. If you are printing and mailing the system should include the form for you.
yesterday
This line was populated with the address of a property we sold in tax year 2025 but does not satisfy the need, what info are they requesting ?
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yesterday
Rollover contributions do not qualify for the credit. The program is seeing a $7k contribution to ROTH and making sure you do not exceed your limits with another contribution. It has missed the rollo...
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Rollover contributions do not qualify for the credit. The program is seeing a $7k contribution to ROTH and making sure you do not exceed your limits with another contribution. It has missed the rollover part.
Go back through the rollover entry and be sure to select money was a rollover from another account. Look at your Form 8880, line2 for the rollover $7,000. Line 1 is for contributions and wrong in your case.
To print or view your forms, including all worksheets:
In desktop, switch to Forms Mode.
For online:
On the left side, select Tax Tools
Select Print center
Select Print, save or preview this year's return
If you have not paid, select pay now.
yesterday
I've tried calling State of Michigan and they keep saying the agents are busy and to try call again later.
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yesterday
Why hasn't TurboTax fixed the issue that when inputting Boxes 1,2 and 3 you may get prompt that Boxes 1 and 2 must add to Box 3 even when they do because of software rounding issues. Have to believ...
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Why hasn't TurboTax fixed the issue that when inputting Boxes 1,2 and 3 you may get prompt that Boxes 1 and 2 must add to Box 3 even when they do because of software rounding issues. Have to believe that it can't be a difficult fix. I am very disappointed in the 2025 edition changes to various inputs that were easier in previous years and more difficult now.
yesterday
Go to the Savers Credit and tell the software you are a student. The credit will be disallowed and let you use Free Edition.
Federal>Deductions and Credits>Retirement and Investments>Retiremen...
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Go to the Savers Credit and tell the software you are a student. The credit will be disallowed and let you use Free Edition.
Federal>Deductions and Credits>Retirement and Investments>Retirement Contribution Savings Credit
yesterday
You need to edit your 1099-DIV entries that were imported. Go to the Wages and Income section in the federal portion of TurboTax. Find the Interest and Dividends section and choose the Dividends repo...
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You need to edit your 1099-DIV entries that were imported. Go to the Wages and Income section in the federal portion of TurboTax. Find the Interest and Dividends section and choose the Dividends reported on Form 1099-DIV option. On the next screen you will see your interest and dividend entries listed. Click on the down arrow next to the one that has the US government dividends listed and choose the edit option. That will bring up the dividend entry screen and on the next screen you will see the questions regarding interest on US government securities. Choose that option and on the next screen enter the US government interest that will then be tax-exempt on your state tax return.