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This is weird. When I logged into TT again a few minutes ago, I got the screen to go over IN taxes again. I clicked to do so and got the screens I needed to input the correct dates and percentages of income and deductions, which I couldn't find a way to access before. So I'm OK now.  Thanks for working with me.

I am really sorry but I am not able to help here. I followed the directions by Dana and others. You can see I can further questions and Dana answered those. I followed her advice and it all seemed to work. Turbotax filled out that 5329 form and also calculated how much extra tax I would have to pay.   Note I did not have any Federal withholding like you seemed to have with Vanguard. Fidelity calculated how much my excess contribution earned but they did not withhold any taxes. (I cannot even see how that would work.) Turbotax calculated how much extra tax I had to pay.   Hopefully Dana or someone will see your question.

"last year"'s return would be your 2023 return, since right now everyone is working on their 2024 returns.  Are  you trying to find your 2023 AGI?   Where do I find my AGI?   https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947   Your 2023 tax return shows your 2022 Adjusted Gross Income  (AGI)  If you filed a joint return then the AGI is the same for each of you.   Form 1040        line 11   If entering the amount from your 2023 tax return does not work, then try entering “0” instead.  If that does not work and you still cannot e-file, then print, sign, and mail your tax return.   You can get a free transcript of your past return from the IRS:   https://www.irs.gov/individuals/get-transcript Note: If you filed late or amended your return, your correct 2023 AGI may not be in the system.   

Could you please clarify the instructions for manual entry of interest income in TT (deluxe) desktop 2024? Try as I might I cannot reach the "I'll enter it myself" radio button mentioned in Step 7 of the post.   Is there some other way to reach it? Or, could I, for instance, disable the "import" GUI?   I have my data, I am ready to type.  Thank you.

Hi Amy, I didn't see my response to your message so I'm trying again. I want to clear up any confusion I may have caused .   Beginning with the question about the nys 20k exemption . I was older than 59 1/2 at the time I took the first of 2 withdrawals for the tax year 2024(the transaction took place in December 2023 however the company's cutoff period pushed payout to January of 2024) and i was over 60 at the time of the second withdrawal(different amount) in September of 2024. The 1099 r i received showed a code of 7 in box 7 which i believe indicates a regular distribution.  I was advised fron turbo tax rep that the 20k exemption i was receiving on my nys filing it201 was in fact correct . The problem I am having now is that someone posted that in order to be eligible, it would have to be considered a periodic distribution.  While the acct remains open(i did not do a lump sum payout to close)  I am concerned now that it is not eligible as these were not specifically scheduled. I did initiate a transaction on the acct in 2022 which is within 2 calender years , however the withdrawal in 2022 was done under the rule of 55(exception code 2 in box 7). Your response said that if code 7 was in box 7 the exemption applies however it is the statement about periodic payments and the definition of that  which is throwing me off now.      The second issue was regarding the need for a 5329 for my sister who was not age 55 at the time the company closed her 401k amd sent her a check. Her 1099 r showed a code 1 in box 7 which indicates she must pay the penalty.  A 5329 was not completed because the code is correct and there are no exceptions to be filed to change the penalty.  I was advised by tax expert that in this scenario since the penalty code is correct and she will be paying, there was no need for the 5329. I confirmed that on irs website as well. Her taxes were filed and the summary showed the penalty assessed and her refund was reduced by the penalty amount .   Thank you for your time and help          

@vasu-modekurti ,  (a) are you a US person ( citizen/GreenCard/Resident for tax purposes ) ? (b) what type of pension --- govt. employment based  or private employment / private pension or what ?  There are restrictions as to whom can tax these based on US-India Tax treaty ? (c) Is this your first year or what ?   Generally private  foreign  pensions are treated just like domestic private pension i.e  pretend there was a 1099-R.   I will circle back once I hear from you --yes ?   pk

Un T4A (case 20 et/ou 48) est considéré comme un revenu de travailleur indépendant. Vous devez remplir les informations sur le formulaire T2125 ou dans la section Revenus et dépenses-Sommaire de l'entreprise dans la version téléchargeable.   Si vous utilisez TurboImpôt en ligne, vous devez remplir la section Revenu de travail indépendant.    Si vous avez entré un T4A avec une case 048, vous devez choisir le type de formulaire à remplir.   En mode formulaire:      En mode EasyStep:      TurboImpôt en ligne     T2125B (B = business) Si vous avez une entreprise enregistrée avec un NEQ (numéro d'entreprise du Québec) T2125P (P = Professionnel) Si vous êtes travailleur autonome. T2125C (C = Commission) Si vous avez des revenus indépendants à commission T2042 (Agriculture) T2121 (Peche)   Merci de choisir TurboImpôt.   Nous vous recommandons également notre Liste de contrôle pour travailleur autonome pour vous aider à ne pas oublier de dépenses auxquelles vous pourriez avoir droit.  

Not straight forward is an understatement and the (desktop) Tubotax help does not explain it very well.  Currently down in the weeds of worksheets and raw forms.   But ... if I understand correctly from this thread the complication comes from the US only recognizing as much tax credit as would apply if it were US sourced income (or whatever fantasy the IRS invents somewhat towards the same). Supposedly this guards against the US subsidizing foreign tax rates. But ... as compensation you can carry the balance forward if useable in the next tax year. Left wondering if carried forward amounts can be accumulated, or just the year before? Thanks ... I understand this mess is not your fault, but appreciate the explanation! 😀

You are correct assuming your 1099-DIVs only include the federal 1099-DIV worksheet, Box 1a, US Government Obligations from the list below (from TurboTax help for the VA line 4), then they should match.  Many times deleting the 1099-DIV entries and re-entering manually clears this disconnect.     If you are using an online version you could also sign out of your TurboTax account and clear your cache/cookies and then sign back in as well.  In my desktop version the numbers flow correctly so I am unable to duplicate.  Here is a link that may be helpful if needed.       "From federal Schedule B, Interest Income Smart Worksheet, Box 3, US Savings/Treasury Obligations plus OID Interest Income Smart Worksheet, Box 6, OID on US Treasury Obligations plus federal 1099-DIV Worksheet, Box 1a, U.S. Government Interest less related adjustments." 

The latest update still does not solve the issue. When a person has a T3 with capital gains in box 21 it is not transferring to box 68140 in Chart A form T936 when you also have capital losses from T5008s. This generates the error when filing.

Form 1120-H is included in TurboTax Business, but not any of the individual income tax preparation programs. Further, in TurboTax Business the form needs to be prepared manually in Forms Mode (which means you are probably better off downloading and preparing the form yourself).

The search didn't work.  Per another website I navigated: Windows ⇒ settings ⇒ About ⇒ System info ⇒ Advanced System Settings ⇒ Environment Variables   I changed the entry on each from "%USERPROFILE%\AppData\Local\Temp", to "C:\Temp"   Clicked "okay"   Tried to reinstall, got:   We're unable to install TurboTax 2023 on your computer Your computer's operating system doesn't support Turbo Tax 2023's minimum system requirements. You'll need to move to a 64 bit Windows operating system to use this version of Turbo Tax.   ------------------------------------------------- Total arrogant nasty attitude, "YOU WILL NEED TO MOVE TO A 64 BIT SYSTEM".  Right--will Intuit BUY one for me?!?!

When I get to the "We Recommend E-filing Your State Return", and if I select "E-file my federal return now" and "E-file my state return now" and click on "Continue", will I have the option to review the tax return before it is transmitted to IRS/State? I am not fully done with my tax return so do not want to click on "Continue" and as I have mentioned above, I have never e-filed before.   Then, will I be able to print/save exactly what forms/schedules/supporting documents will be sent to IRS/State via e-file?