All Posts

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.

Do both forms report proceeds that will be reported as self-employment income reported on a Schedule C Profit or Loss From Business?   If this is the case, I would create the self-employment activity and report the IRS form 1099-NEC as income reported within the self-employment activity.   In TurboTax Premier Online, report self-employment income and expenses by following these directions:   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click on the drop down arrow to the right of Self-employment. Click to the right of Self-employment income and expenses. At the screen Tell us the type of self-employment work you do, enter the answer and click Continue. Establish the self-employment activity and report the income and expense. Report the IRS form 1099-K:   At the screen Which type of income is your 1099-K for, report the IRS form 1099-K proceeds as Other.   Select This amount in box 1a is too high.... and report the full amount. The amount in box 1a should be reported on Schedule 1 Additional Income and Adjustments to Income as an amount reported to you on form 1099-K that was included in error.  

That information should have been entered in the federal return in MY INFO, and then the information flows to the state return from your federal return.    Go back to MY INFO and click edit by her name and make sure you entered the DOB.

Je ne sais pas si l'autre méthode fonctionne, mais pour moi, comme le logiciel exigeait que je remplisse l'annexe H je l'ai rempli mais pour les dates en 2023 j'ai entré du 01 janvier au 31 décembre mais je n'ai rien écrit pour 2024 et j'ai pu l'envoyer et il n'y a aucun montant qui m'a été accordé comme aidant naturel.  Dites-nous si ça marche. Bonne chance.

Thank You.  I  I need to make sure I understand.  Assume the 1099 with three countries is from Fidelity.  1. I make a new 1099 -DIV with the information for country RIC and name this 1099-DIV "RIC". 2. I make a new 1099-DIV with information for country Canada and name this 1099-DIV "Canada" 3. I make a new 1099-DIV with information for country U.K. and name this 1099-DIV "U.K." 4. I edit the original imported 1099 DIV titled 'National Financial Services' to not include any of the foreign income and taxes. So in the Tubotax Income section where I input 1099s I now have three more 1099s but the total data is the same.   I can see how I would now be able to enter all my information for foreign tax credit .  I now have 3 dummy payers and the original payer on 1099-DIVs.  One 1099-DIV per county.  However, It feels wrong to change the actual imported data from Fidelity on 1099-DIV.  Is there ever a check on taxes to see if we report the correct data from each Payer?  My data input for Fidelity would not match the actual Fidelity data.  My overall taxes would be correct just the payer wrong .  I do not want an audit over this.   Thank You for your help.     Final comment on this - Why or Why can't Turbotax fix this???  We should not have to be doing these work arounds every year for a known problem.  Frustrating.

If you are using TurboTax Online, you can search for "T1198" on the Tax Home page.    If you are using TurboTax Desktop in EasyStep mode, you can search for "T1198" using the Find tool.    If you are using TurboTax Desktop in Forms mode, you can search for "T1198" by clicking on the Forms icon in the blue icon bar.  

If you have the desktop download you do not have to keep entering the license code.   You can prepare and e-file up to five federal returns and the state returns that correspond to them with the software you have already installed to your own computer.

To enter a refund of excess IRA contributions received in 2025 for 2024 contributions on your 2024 return, follow these steps:   Go to the personal income section of TurboTax  Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R) Choose Add Another 1099-R Choose I'll type it in myself On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R Enter the distribution amount in box 1 of the substitute 1099-R Enter the earnings in box 2(a) Enter code "P" in box 7 (And code "J" if from ROTH IRA) Indicate the Form 1099-R is for the next year when asked  

The only way you will be able to e-file a tax return with no income at all is to enter a bogus $1 of interest as income; that is a trick the IRS allows that will permit you to e-file.   Federal>Wages & Income>Interest and Dividends>Interest on 1099INT

Did you get the 16 digit License Code from Costco?  People are accidentally getting into the Online version.  Use this. How to install and Activate the Desktop CD/Download program with a License Code How to install TurboTax CD/Download software with license code  

If you mailed the amended returns, it takes longer to process- if New York sent you a bill for the original amount due, you may have to wait for the amended return to process.  See Where's my refund? to check your federal return.