All Posts

Thank you for your help and support in this situation. I found and fixed the error and I am correcting it by filing the amended return. It was an unusual situation that I just plain missed the correct answer to the question.   Thank you for your help Vanessa - you've been great in looking into this!   Thanks Again Ray

The person who received the first-time homebuyer credit was you, not the new owner. You are responsible for repaying the credit. If you transferred the title and stopped using the house as your principal residence, you must repay the remaining amount of the credit on your tax return the year that you did that. Why did you mention 2018? Did you mean 2008, which would have been the year that you purchased the house and received the credit?  

Install the 2024 software on the new computer. Transfer the tax data files from the old compute to the new computer - https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/move-tax-data-file-another-computer/L5fFkMkhr_US_en_US?uid=maa3rmkq

You will get a 1099R for a distribution you took from a retirement account.  Some or all of that might be your RMD (Required Minimum Distribution)   If you do not know the amount for the RMD the custodian of the plan can tell you how much your RMD amount was.   If you have a 1099R for a pension, you say it was all an RMD.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/rmd/L5Nqogylp_US_en_US?uid=m7dj7gdt IMPORT     To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.  

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.  https://ttlc.intuit.com/questions/1944348-how-do-i-print-and-mail-my-return-in-turbotax-online Note:  If you mail your federal return, you will also need to mail your state return.  You will not be able to e-file your state return.

This problem is NOT resolved. I purchased TurboTax desktop for Mac, Home & Business 2024. It is still requiring me to make the same choice described above. I have downloaded the latest updates. When will this be fixed?  

For the federal amended return you have to attach any forms or schedules that changed. That would include at least Schedule D, plus Form 8949 if that form is included in your tax return. You also have to attach any other forms or schedules that changed because of the change in the amount of income. The explanation of changes is included on Form 1040-X. It is not a separate attachment. For the state amended return, see the instructions for your state's form. If you say what state it is, someone might be able to give you more specific information. Every state has different forms and rules. You would be subject to interest and penalties for late payment. It's your responsibility to report the correct basis from your own records, even if the 1099-B is wrong. But for such small amounts of additional tax, and only a short time since the payment deadline, the interest and penalties are not going to amount to much. The IRS and the state might not even bother to bill you for it.