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It depends. These are two common reasons why this may have happened.    If your total itemized deductions or standard deduction (plus other adjustments) brings your taxable income to $0 (or very low), you technically owe no U.S. tax. If you owe $0 in U.S. tax, the IRS won't give you a credit for taxes paid to a foreign country because there is no "double taxation" to offset.   Foreign dividends are often "Qualified Dividends," which are taxed at lower rates (0%, 15%, or 20%). If your overall income puts you in the 0% or 10% bracket, your U.S. tax on those dividends might be effectively $0, which zeros out the credit.    

In TurboTax, the amount from Federal Schedule D line 11 (total capital gain or loss) generally flows automatically to your state tax return where required. This automatic transfer ensures consistency between your federal and state filings. If you do not see this amount appearing on the state capital gains section, verify that your federal return is complete and the state section is entered correctly, as state computations depend on your federal data.

I believe that I confused the system as I tried to amend previous year's tax returns that were filed with TurboTax Online using the desktop version.  Now there seems to be no way to get back to amending online.   This brings up a follow up question which is:    When amending a return using TurboTax Desktop software, I am seeing that the Amend License includes one state's software.  These returns were filed for two states.  Is there a way to carry over the second state license from TurboTax Online?   Thanks!

If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an existing TurboTax account. You'll need to create a new account, distinct from the account you used to file the first return.   If you are using TurboTax Desktop, you can start a new return by clicking on Start a new return on the Welcome page of TurboTax.   Please read this TurboTax Help topic on how to start a new tax return for another person.

To get the Pennsylvania Child and Dependent Enhancement Tax Credit you must be eligible for the credit.  You must also qualify for the federal Child and Dependent Care Credit.     TurboTax transfers data from your federal return to your state return. Before you begin troubleshooting your state return, go back through your federal return and make sure that you qualified for the federal dependent care credit.    To get back through that section:   Go to Deductions & Credits locate You and Your Family Select Start or Revisit next to Dependent Care Credit Select Yes, On the Did you pay for child and dependent care? screen Go through the following questions After you review your federal return, select the State Taxes tab and review the state section. Pay close attention to the information, especially if you have made changes to your federal return. There might be new sections that need to be completed.    Troubleshooting common federal to state transfer issues    

No, there is no threshold. The IRS RP24, page 20 is referring to the estate tax and not your individual income tax which is completely separate. As you indicated, you received the net profit from the rental property and that is taxable income on your tax return. This is rental income.   As far as the investment brokerage account that was closed, it depends on if an estate return was completed in Jamaica. If necessary, you should seek an estate professional to assist in determining if Jamaica requires this type of tax return.   If the proceeds were directly received by you, and you were not a joint owner on the investment account at the time of death of your parent, then this is an inheritance for tax purposes. The value of the investment account at the time of death is your cost basis. If any investments were sold, then a report of the sale price and cost would be required to be reported by each beneficiary for their share. Assuming this qualifies as an inheritance the cost and sales price would be relatively close creating little to no gain or possibly a small loss if there were selling expenses. If this was split between 8 siblings you would divide the total by 8 and each sibling would report their own share. As indicated by our tax expert @MaryK4, you should also check the FBAR Compliance.   Please provide additional details for further information and we will help.   @FairFrankTax 

Thanks for your response. In this case, it is for income from interest, dividends, retirement and Social Security.  I do need to pay the estimated taxes.  However, Turbotax says no estimated taxes are needed.  Is there a way to print the estimated tax vouchers? If not, I will fill them out manually.

When you took your lump-sum distribution, If, as you said earlier, the only assets remaining in your 401(k) were shares of company stock then you should have only received one Form 1099-R, and you only need one 1099-R.  Using your example above for a $10,000 distribution of company stock with a cost basis of $4,000, your original 1099-R was correct and should be entered that way.  You should NOT indicate that you rolled any of the funds over.  If the lump-sum distribution was done properly it was all distributed to a non-qualified brokerage account, not an IRA or other retirement plan - this is not a rollover.  The $4,000 in box 2a should show up on your tax return as taxable income.  The $6,000 is your cost basis in the shares distributed.  This amount does not flow to your tax return.  Your broker should use it as the cost basis for your distributed stock. 

I had to call two different reps at Turbotax to get the correct answer. The first rep did not help at all. The second rep advised the program I purchased was for on line use only and could not be downloaded to my computer.   If Turbotax continues to push for all on line files, I will switch to a different brand program.   Thanks for your assistance.

I do Not want to use the TurboTax service. The online site is a deceptive BAIT AND SWITCH! I did not sign up for nor did I use the EXPERT service yet I was charged for it! I see that you have had multiple complaints about this service. I would like to cancel the transaction effective immediately!