All Posts

BUG in the software - 2024 version   I have income from a US company, but I live in the middle east - I should qualify for the Foreign Income exemption up to about $120k or so per year.  THe problem is that I have a 1099-NEC that I get as a US citizen from my consulting work ONLINE, and it keeps on adding automatically a Schedule C that adds the income back in, and prevents the exemption.   It's a serious BUG in the software that did NOT exist in prior years.     Can someone at Intuit PLEASE PAY ATTENTION...     

Does that mean you have not received a state tax refund that you are expecting?   Some states are fairly quick with refunds, while other states can take a long time processing returns--even several weeks--as they crack down on detecting fraudulent returns.     Here are some things you should check:   First, you need to be sure your state return was successfully filed.   If you efiled, be sure your efiled state return was accepted.  If you used Online TurboTax, you can check by looking at the Tax Home in your Online account.   Or did you choose to file by mail instead?  TurboTax does not mail it for you.  If you chose that method, you have to print, sign, date, and mail it.   The FAQ below tells how to check on a state refund and has a link for your state.  Then you'll see information for your state (which may include info on how long it takes in your state) and a link to go to your state's "Where's My Refund" tool.   Your state may also have a FAQ section at it's "Where's My Refund" site that tells how long to expect in your state.   Choose your state from the table in this FAQ: FAQ:  How do I track my state refund? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...

Yes, in most countries, you should include cryptocurrencies earned through Coinbase Earn in your tax return. Here's a simple explanation:   Why? Coinbase Earn rewards you with small amounts of crypto for learning about different projects. Even though it feels like a free reward, tax authorities (like the IRS in the U.S., HMRC in the U.K., and others globally) generally consider it taxable income.   What You Need to Report: The fair market value (in your local currency) of the crypto at the time you received it. This is treated as ordinary income.   Later, if you sell or trade that crypto, you'll also need to report any capital gains or losses from that transaction.  

@ JBearMD2  wrote: Thank you for responding. I e-filed.  TT says my return is complete and accepted by the IRS.  The IRS site says my return was never received. They even sent a notice of non-file.  Maybe the IRS is just in the process of updating, but it still makes me nervous.   I assume you are talking about a 2024 return.   How long has it been since you efiled?   Was it relatively recently or a number of days ago?   "They even sent a notice of non-file."       How was that sent?   Are you referring to an actual physical notice, such as a CP59 notice sent to you by postal mail?    If so, that seems awfully early for a 2024 return so soon after filing deadline; a CP59 notice is often for a prior year.  In any case, it should show the tax year in question.       Or are you referring to a downloadable PDF letter called "Verification of non-filing" in the transcript section of your IRS account?  If so, that's commonly in people's accounts until the IRS begins processing a 2024 return, then it's replaced by the 2024 return transcript in progress.   Are you due a Federal refund?   If so, you haven't yet mentioned (at least not explicitly) the IRS "Where's My Refund" tool.   What do you see there?   Does it, too, say no information is found? https://www.irs.gov/wheres-my-refund   Be sure you enter the correct tax year, SSN, and filing status. Be sure you are using only the Federal refund amount.   Do not include any state refund or any total refund or net refund (Fed and State) that TurboTax may have provided on a screen.   Look at your actual Federal return to get the Federal refund amount, i.e., your Form 1040, Line 35a.   I'm a fellow user and don't work for TurboTax.   You may get other comments in this forum during the day.  You can discuss this with the folks at TurboTax Support and let them further guide you.   They can verify if their records show the efile was successful or not and advise you on how to proceed.   Also, when you have them on the phone, ask them for your unique efile identifier, which you may need if you end up talking to the IRS.  I think it's called an MeF Submission ID.   FAQ: What is the TurboTax phone number? https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632   We can also tell you how to phone the IRS to speak to a live IRS agent, but I'd start with TurboTax Support.

Go to View/Forms Method Go to the line which reports the Capital Gains (Line 12700) and double-click Go to line 17599 or 17600 and double click, it will open the worksheet Check line 53 to see if the box is populated. I had to enter this amount in the box even though in the input screens, it was there Once entered in the field, my error disappeared.

Found some information on the following website:   https://claimyr.com/government-services/irs/Foreign-Partnership-1-Ownership-Form-8865-Filing-Requirements-When-Not-Meeting-Any-Category/2025-04-11   In-case anyone else is having this situation.

I just installed the software yesterday and tried to enter a T3 today, but I am still getting the error. "The amount of foreign capital gains entered cannot be greater than the total amount of capital gains entered".