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@joywyx0 , generally agreeing with my colleagues @Opus 17  and @dmertz  on their excellent responses to your specific question, I would just like to add: (a) while there is  article 17 of US-China tax treaty that refers to taxability of pension income allowing  the distributor country to tax the  income, there is no clearly articulated  as to whether the resident country can also tax the same income or not.  Obviously if this does happen then " elimination of double taxation" clause will come into focus. (b) please note that if you have lived in USA as a resident for a longtime ( 7-10 years ), when you leave the country, you will need to get "sailing permit" --- this generally entails US collecting or get assurance of being able to collect  taxes due  ( and/or may be due at a later date  including the use of Mark to Market ). Hence my general comment would be , if you do plan to leave the USA in the near future ( one to two years ) , consider planning the tax side, simplify / dispose  of US holding etc. using the services of a Tax Professional  familiar with International Taxation, especially persistence post departure.  There are too many "ands" ,"ifs" and "buts", "not-withstanding" etc. in this future scenario.  A very careful walk is suggested so as to minimize tax surprises.  IMHO Xie-Xie   pk  

So, going with option @AmeliesUncle suggested, it seems to be working and it did ask if this was the Main home and doing the 500k deduction. However, I am hitting another issue.   On the pages where it asks - the asset cost and land cost & asset sale price and land sale - what needs to be entered? I assumed it wants to separate out the building and land - cost/basis, sale and expenses. If I separated everything and entered it. For some reason, TT doesn't subtract the building cost/basis from building sale price - thus showing me a bigger gain than I have.     If I ignore Land values and enter everything combined under asset. It calculates gain correctly but seems to mess up and increase the depreciation for the current year.

And yet TT still hasnt updated that message, or made it easier. it is the WORST WORST WORST site I have ever used, and I'm old enough to have used some pretty crappy ones.  NO activation code. No phone support. No online support. Just a robot in a forum. How does this company even exist. My recommendation to anyone: DO NOT USE TURBOTAX for previous years.

@DefLepp , I see .  However, I would hasten to add that perhaps your CPA in India should have tried both ways   ( indexed and non-indexed ) and see which reduces your LTCG  and therefore the total Indian income tax.  I have had a similar case earlier in the year.   I say this because  (a) US while recognizing the full amount of Foreign Income Tax paid, it  generally expects  that the tax payer has taken all legal steps to reduce the tax outlay; (b) Foreign Tax recognized is ONLY the in come tax on the capital gain and nothing else i.e. any "cess" etc. are disallowed for purposes of  double taxation article; (c) the allowable  FTC for the tax year is the lesser of allocated  ( ratiometric i.e. foreign source income  OVER world income ) US tax AND actual paid foreign tax.  This is not TurboTax issue -- it is the law .   See  IRS Pub 514 --->  Publication 514 (2024), Foreign Tax Credit for Individuals | Internal Revenue Service; Topic no. 856, Foreign tax credit | Internal Revenue Service Generally the limit of credit allowed for the year is based on IRC 904 -- really should read / be familiar  with  IRC  901  through 906 See  here --  >  26 U.S. Code § 904 - Limitation on credit | U.S. Code | US Law | LII / Legal Information Institute   Is there more I can do for you ? Namaste ji

Transfer what?  Are you using the Desktop  program on Windows?   For Windows…..What I would do on the old computer, is copy the whole Turbo Tax folder that is under your Documents. That should be where the .tax files and pdf files are stored. Also if you haven't done it, I would open each year in the program and save it as a pdf file, go to FILE - SAVE TO PDF so you don't need the program installed to view your return. Copy that folder to a flash drive or best yet is to burn it to a CD or DVD and then you will have a backup of them. Then on the new computer copy the folder (or files) from the flash drive to your Documents folder. You only need the tax return data file ending in .tax2023 to transfer into 2024 or .tax2024 to transfer into next year. You can't transfer the programs. They have to be installed from the CD or Download. You don't need to install older programs unless you need to amend or you didn't save the pdf file. And they only support the last 3 years. If you install an older year you won't be able to update it or download any state programs, so you won't be able to open your return. To open your current return on the new computer you need to copy the data file ending in .tax2024 from the old computer or from your backup. On Windows it should be in your Documents then in a Turbo Tax subfolder. Or search your whole computer for all files ending in .tax or .tax204. Copy it to your Documents on the new computer. See this article on how to move your tax return to another computer……. https://ttlc.intuit.com/community/tax-data-file/help/how-do-i-move-my-tax-data-file-to-another-computer/00/26128

What is your question about that?    Did you pay someone to take care of your child so you could work?   Did you use a daycare center or a babysitter in the sitter's home or your own home?   Do you not have bank records of payments you made for the childcare?  And....if you expect to use the childcare credit on your tax return, your child care provider must enter an amount on their return that matches the amount that you enter---so find a way to sort it out.

Have you entered W-2 or self-employment income?   You cannot get the childcare credit until you have entered income from working. You will not get the childcare credit until (unless) you enter income earned from working.   The credit does not work unless you enter your income first.   If you are filing a joint return you must show income for both spouses, or show that one or both of you was a student or disabled.   If you have self-employment income and show a loss you will not get the childcare credit.  You will not get the credit if you are filing married filing separately.     If you have entered all of your income and you have entered your dependent(s) then work on the childcare credit by entering the Tax ID or Social Security number of your childcare provider and enter the amount you paid for the childcare.   One of the most common mistakes that messes up the childcare credit for people is listing all of the earned income under only one name on a joint return.  Make very sure that your incomes are listed under each of your names.  It’s pretty easy to check.  Go to the Income section, and click “update” on Wages and Salary.  That will take you to the W-2 Summary.  Do you see income listed under both of your names?       The person receiving the care had to be 12 or under or qualified as mentally or physically disabled. To claim the childcare credit you need to be filing as Head of Household or Married Filing Jointly. (NOT married filing separately)    If your child was born in 2024 make sure you say the child lived with you all year. The credit is a percentage of your expenses based on your AGI (the higher the income, the lower the percentage)  You must provide the Social Security number for each child you are claiming, and the Social Security number or Tax ID for each care provider.    In the case of divorced or never-married parents—only the custodial parent can use the childcare credit.     And remember that the childcare credit is a NON-refundable credit.  It can reduce your tax owed down to zero, but it is not added to your refund.  

For the year that you move you will have to file part-year resident tax returns in both states. You pay California tax on the income that you received while you lived in California, and South Carolina tax on the income that you received while you lived in South Carolina. If you have income from a California source after you move, you have to report that income to both states. For example, if you sell your home in California after you have moved, the income from the sale is taxable by both states. But you will get a credit on your South Carolina tax return for part of the tax that you pay to California on that income, to avoid double taxation.