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So, in order to be notified about changes, we have to show up on this board?  I only come here when I have a problem- and only once a year- usually in March-- when I'm doing taxes!!!!!!   TT is a racket and has contributed to the rising costs of average Americans having to pay ridiculous amounts to TT so we can pay the government ridiculous amounts.  Read the History.  TT started as "helping" people do their taxes, but the result is that we are now forced to use their products, and they can charge ridiculous amounts.  There is NO ACCOUNTABILITY and no concern for their users.  Eliminating IT's Deductible is  like putting 6 oz of product in what used to be a 8 oz product.  We now get less for our money.

If you see the 'Needs Review' on the Income Topics page, this may be only a display error.  If you entered your Estimated Tax Payments under Deductions & Credits > Estimates and Other Taxes Paid, check your Tax Payments Worksheet to confirm the info.   @kiddkevin01     

Merci de partager cette information.     À noter, que les informations du TP-726.7 sont aussi disponible dnas l'avis de cotisation. S'il y a aucune activité de gains/pertes en capital en 2025, le formulaire TP-726.7 n'est pas requis.    

Itemized deductions include the greater of state and local general sales tax or your state and local income taxes, not both, as stated on Schedule A Line 5(a). You can choose to include income taxes instead of sales tax under Deductions & Credits >> Sales Taxes >> Let's find your biggest deduction.   Review this calculation on the Tax & Interest Deduction Worksheet that is part of your complete return (not an IRS form).

"at some point it needs to be documented in 2025's return. "   On the 2025 tax return, enter the Form 1099-R as received so that the entire amount distributed is reported as income.  When 2025 TurboTax asks for the amount of RMD required, it is asking only about the 2025 RMD.  When answering this question, just enter the amount required to be distributed for 2025.  Nothing about the fact that the rest of the distribution is to address past RMD shortfalls is to be reported with the 2025 tax return.  The explanation that  the past RMD shortfalls were satisfied by being distributed in 2025 is to be provided only with the 2021 through 2024 Forms 5329 on which you will request waivers of the 2021 through 2024 excess-accumulation penalties.

Right.  I am trying to make the loss not go to Schedule E, but it keeps on claiming the loss.  I can't seem to put anything into Box 10 without overriding it and then it turns red.  @user17733408897   

Both the credit and the deduction are entered in the same place.  Enter all your foreign income in the Wages & Income section if you haven't already.  Then proceed to the foreign tax credit area >> Where do I enter the Foreign Tax Credit? and follow the instructions on the screen.   Navigate to the foreign tax credit section:   TurboTax Online/Mobile: Go to the foreign tax credit screen under Deductions & Credits TurboTax Desktop: Search for foreign tax credit and select the Jump to link or, go to Federal Taxes.   If asked, How do you want to enter your deductions and credits?, select I'll choose what I work on. Under Estimates and Other Taxes Paid, select Start or Update next to Foreign Taxes.  @kamatrohan    Form 1116 is available to U.S. citizens living abroad. It can be used to report foreign income and claim the foreign tax credit. Depending on the type of foreign income you've earned and how much foreign tax you've paid, you may need to take different steps to claim the credit.   Learn all about Form 1116.  

This is my third try.    I entered all my US income and tax information, turbotax said I had tax refund of $10595,  Then I went to retirement section and enter my 36k UK retirement withdraw, Then I went to foreign tax credit section, and enter my UK tax withhold of $13k, Now my tax refund is reduced to $4668. So obviously Turbotax does not allow me to use all my UK tax withhold against UK income.    How to fix that? I am so **bleep** annoyed

Message aux autres utilisateurs de TurboImpot : Attention à ne pas faire de gaffe en procédant à l'annulation du formulaire TP-726.7. Ce formulaire liste aussi les pertes en capital des années précédentes reportées dans le futur. Il ne faut pas perdre ces informations car ces pertes sont reportables à l'infini! Pour ma part, je n'en avais pas et j'ai donc pu procéder.