All Posts

@DaveF1006, thank you for taking the time to provide a thorough and helpful explanation.  Based on my understanding and testing, it seems that there are two scenarios to consider in order to understand the behavior of TurboTax on the screen entitled “Any foreign source qualified dividends or long term capital gains?"…   Scenario 1:  Form 1099-DIV, Box 1a = Box 1b TFI must equal the value of FQD entered on the screen entitled “Any foreign source qualified dividends or long term capital gains?" because, by definition, all dividends are qualified. This TurboTax behavior remains the same, whether FQD are adjusted or not. For reference, the adjustment is described in the IRS publication “Form 1116 Instructions” in the section “Qualified Dividends and Capital Gain Tax Worksheet (Individuals),” and the adjustment amount appears on the Foreign Tax Credit Computation Worksheet, Line 1k (“Adjustment required for QD/LTCG”).   Scenario 2:  Form 1099-DIV, Box 1a > Box 1b TFI can be greater than the value of FQD entered on the screen entitled “Any foreign source qualified dividends or long term capital gains?", in contrast to Scenario 1. This TurboTax behavior remains the same, whether the FQD are adjusted or not.  For reference, a helpful article illustrating this scenario is:  How to Enter Foreign Tax Credit Form 1116 in TurboTax.   Dave, can you kindly confirm (or correct) my understanding – for the benefit of all who may find this thread at a later date?   P.S.:  Abbreviations used herein… TFI:  “Total foreign income for this category” as displayed on the screen entitled “Any foreign source qualified dividends or long term capital gains?" when completing the Foreign Tax Credit interview.  It is also known as “Foreign dividends received” as entered on the screen “Tell us about your foreign dividends” when inputting the Form 1099-DIV information.  The amount is equal to Form 1099-DIV Box 1a multiplied by a “foreign source income percentage” specified in the supplemental tax reporting information provided by the mutual fund company. FQD:  “Foreign qualified dividends and 1.t. capital gains.” Form 1099-DIV, Box 1a:  Total ordinary dividends. Form 1099-DIV, Box 1b:  Qualified dividends.

You may need to change your security settings and/or remove any password protect from the document in order for it to work. Depending on the type and amount of data in the PDF, it may be easier to enter the information into TurboTax directly for the type of income or deduction item.   See this help article for instructions to upload to the Documents area in TurboTax.   TurboTax is currently unable to upload CSV files. This help article will be updated when that issue is fixed. 

If you do not have any Illinois sourced income and your only income is military then there is no need for you to file an Illinois state tax return.   Click on My Info on the left side of the online program screen.  Edit you personal information.  Where asked for your resident state make sure it is North Carolina.  When asked if you lived in any other states or made money in any other states answer NO.   See this for how to delete a state tax return when using the online editions - https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/delete-state-return-turbotax-online/L8v9awRbh_US_en_US

If you didn't get your 1095-A and didn't have Marketplace coverage, you can say this in TurboTax by choosing "No" when asked about Form 1095-A. This will meet IRS requirements and file your taxes again.   If you file your tax return without Form 1095-A and get an IRS rejection (code F8962-070), you will have to mail the return.    To get your 1095-A Form, if available, check this link.  

No one in the user forum knows how long the wait is to speak to an expert.  We are not involved in connecting you with the "Live" experts.   Everyone who replies to questions here in the user forum is a human, so you can try posting a clearly worded complete question here.  We can help with most things except for billing issues.