All Posts

Did you already e-file?   If you already e-filed, you cannot add anything until the return has been fully processed, and then you can amend.   If you did not e-file yet, then go back to the income screens and add the income.  What kind of income do you need to add?

UPDATE. Sorry I read the question the wrong way.  Ignore this post.   To transfer from 2023 Online?  Or to continue 2024 I the Desktop program?   If you used the Online version last year you can Transfer it into the Desktop installed program.  Starting in 2023 there are new buttons when you start a new Desktop return.  You can Import from Online or Continue from Online depending if you are signed in or not.  So look for those.   To continue the current year 2024 in the desktop version see this……. https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-the-turbotax-software/00/26129

I agree 100 % because IRS is clear stating that foreign sourced social security pension must be tax treated like foreign pension or foreign annuities,  meaning to say are fully taxed unless a bilateral totalization agreement between the foreign country and the US exists stating otherwise .  My query is that with that in mind for the IRS is indistinct that be reported : (i) on line 5b) as a pension ,  (ii) on line 6b ) as a social security or (iii) on Line 2 Schedule - line  10, 8z as miscellaneous / other income , because is 100 % taxed the same in the three options .  The point is that if it’s reported on line 5 b) or 6 b) it’s necessary to inform the Form 1099 R for the first or Form xxx for the second and most of the foreign Payor don’t issue such documents . This could create confusion to the IRS because on top of that by filing online TurboTax system doesn’t allow to attach or enclose an explanatory note to clarify the matter .     Furthermore many of us that receive a monthly foreign social security pension do not get it through any distribution because it’s a direct payment from a foreign government agency similar to US Social Security Administration .  Thus,  the easiest and less bureaucratic way to report it , is as Miscellaneous / Other Income as I said above because it can be written “ Foreign Social Security Pensión from xxxxx” including instead of xxxx the country name .  After all this I said , can anybody let me know how to fill out Form 1116 related to Foreign Tax Credit because indications online states that one must “Jump to link it” but I don’t see in my computer screen and on my cell screen either from where I must to jump . I don’t see the way to access to such Form 1116 , it’s no clear enough in TurboTax system . Furthermore is not clear either to find Form 8962 related to Advance Premium Tax Credit to fill it out and also Schedule B (Form 1126) related Foreign Tax Carryover Reconciliation Schedule in order to carryforward the unused Foreign  Tax Credit of previous years and to use it now in 2024 Tax Return .  Anybody that can elaborate on this will be appreciated and useful for all of us in this TurboTax community . Thanks in advance . 

The exact same thing just happened to me now!! After hours of work, I was ready to do a final review.  Turbo tax requested an update, which I did, and now now of my returns are there *argh*  I'll have to search for how some people got them back or start from scratch.  This is VERY frustrating!

It depends. If you you are filing Married Filing Jointly, the minimum threshold amount for filing a Foreign Tax Credit is $600.  If this is the case, there'll never be a question regarding Foreign Income or a Dividend breakdown. The amount will be directly reported in the return without additional reporting requirements.

Do you mean you want to transfer the 2023 tax file to a new 2024 return?   How to transfer last year’s return?    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/transfer-last-year-return-turbotax-online/L279eUvY2_US_en_US?uid=m6ayqk1s  

Yes. You're correct in understanding that since your husband is getting a refund of the $150 paid to Rhode Island (RI), no credit will be available on your Massachusetts (MA) return because no taxes were ultimately paid to RI.   The 5% income refers to taxable income sourced in RI for the year and not combined MA and RI income. The second part of your question deals with tax liability in RI. Since there's no tax liability, that answer is "0".   Reach out if you have additional questions, as we are here to help.   @DW448         

I question if Form 1099-NEC was the proper form for them to use, but seems you're stuck with it.  (if they had used Form 1099-MISC, you could have reported it as Scholarship income)   Form 1099-NEC is Non-Employee Compensation and is to be used for Self-Employment income only. If you report it that way, the student will be subject to Self-Employment tax which is the FICA tax employers withhold.  TurboTax will also up-charge for Schedule C.   You can also enter it and select "Hobby" as the type of income in which case it will be treaded as "Other Income" subject to income tax but not Self-Employment (FICA) tax and no schedule C.