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@aide7895 Unfortunately, this information is not correct.  For starters, anyone who is already a U.S. resident is only allowed to open a Canadian RRSP if they have Canadian-source *earned* income.  ... See more...
@aide7895 Unfortunately, this information is not correct.  For starters, anyone who is already a U.S. resident is only allowed to open a Canadian RRSP if they have Canadian-source *earned* income.  That applies only to a small minority of the U.S. residents who have an RRSP.  Most of us are in the situation you describe as an exception.  But the "opened before/after" consideration doesn't actually make any difference to how RRSP withdrawals are reported and taxed, because of the tax treaty between the U.S. and Canada.   Along with numerous other things, the tax treaty provides that certain specified types of retirement accounts get the same tax treatment in both countries.  Because your RRSP was funded by contributions of *untaxed* dollars - analogous to a U.S. tax-deferred traditional IRA - tax is calculated on the whole amount at the time it is withdrawn, in both countries.  You can't consider the cost basis on it when reporting withdrawals to either Canada or the U.S., because no tax was previously paid on the contributions that became the cost basis.  (Conversely, if you have a U.S. Roth IRA funded with *post*-tax dollars and then move to Canada, it's treated the same in both countries: no tax on withdrawals, regardless of cost basis.)   It used to be that you had to explicitly elect to accept the tax treaty provisions which permit the RRSP assets to be tax-deferred in the U.S. until withdrawn.  If you didn't, the IRS considered it to be just an ordinary foreign investment account, so you had to report its dividends/capital gains etc. every year on your U.S. tax return and pay tax on that.  This was the only situation where the cost basis of holdings in an RRSP account would have any relevance (and it was still irrelevant in Canada).  But the IRS basically stopped making that election optional a while back.  So just be sure that every year, even when you don't make an RRSP withdrawal, you comply with reporting the account as an "Other Foreign Asset" on Form 8938 and, if required, the separate FinCEN 114 (FBAR) as well.
Thanks for the info. I had the same issues and spend hours and hours to fix it without any luck. I followed your suggestion and it worked... I deleted Student Info Wk, People Wks, and Form 1098-T Wks... See more...
Thanks for the info. I had the same issues and spend hours and hours to fix it without any luck. I followed your suggestion and it worked... I deleted Student Info Wk, People Wks, and Form 1098-T Wks and used Step-by-Step process to enter the info. It worked beautifully. You saved my sanity. THANK YOU!
Can you provide step by step instructions? I don't know how to enter multiple items in a rental house.  
It depends on the dates that you lived in IL. You are a resident of Illinois if you were domiciled in Illinois for the entire tax year. If you didn’t live in Illinois for the entire year of 2025, you... See more...
It depends on the dates that you lived in IL. You are a resident of Illinois if you were domiciled in Illinois for the entire tax year. If you didn’t live in Illinois for the entire year of 2025, you will file a part-year resident return.    Refer to the Illinois Department of Revenue website Who must file an Illinois tax return? for more information.   Please visit this TurboTax Help articles How do I file a part-year state return? for more information.
One reason may be that the limits are prorated depending on the number of months you were covered by an High-Deductible Health Plan (HDHP).   Another reason may be that you didn’t complete the HD... See more...
One reason may be that the limits are prorated depending on the number of months you were covered by an High-Deductible Health Plan (HDHP).   Another reason may be that you didn’t complete the HDHP interview section in TurboTax to certify your enrollment in a high-deductible health plan. If you don’t go through that section, your contribution will be added back into your taxable income, and it will be treated as an excess contribution.   Refer to the TurboTax Help articles Where do I enter my HSA distribution?, What is a health savings account (HSA)?,  What Is the IRS Form 8889? and Why am I showing an excess HSA contribution? for additional information.  
Hello there,   I am using TurboxTax 2025. After I completed all inputs, I got a warning saying I overpaid deferral retirement plan by $1. After some trials, I believe it should be due to precision ... See more...
Hello there,   I am using TurboxTax 2025. After I completed all inputs, I got a warning saying I overpaid deferral retirement plan by $1. After some trials, I believe it should be due to precision errors in TurboxTax .   I have two W2 forms this year. Both of them has values in box 12 with code D. The amount in both forms end up with .5, so I guess TurboxTax first rounds up the amount for each W2 and them sum the amount from them. I already tried deducting $0.5 from one W2 and adding $0.5 to another W2 to see if the guess is right, and then I see the warning disappeared, so the precision error is most likely the cause.   Can you help me to fix the issue? I don't think I should update W2 amount to work around the issue, as this will leads to incorrect reporting my W2.   Thanks
TurboTax doesn't allow me to take the LLC. My child is a graduate student. I input Form 1098-T and answered the questions on the screen "People wks(child name)" Part II, #1-5 all YES, #6 NO, and #7 Y... See more...
TurboTax doesn't allow me to take the LLC. My child is a graduate student. I input Form 1098-T and answered the questions on the screen "People wks(child name)" Part II, #1-5 all YES, #6 NO, and #7 Yes.  But, these answered are not exactly flowing to the screen "Student Info Wk" Part II. And it says on Part III #2 checked NO and says "Did not attend eligible educational institution. Courses not part of postsecondary degree or program to acquire job skills." I tried so many different ways not to override, but the only way to take LLC is to override (which it will prevent me from e-filing). How can I take the LLC without overrides? Thanks! 
You can enter multiple 1099-INT forms from the same bank by combining the totals from each box into one entry or you can add them separately. If you add them separately, just click on Add Investments... See more...
You can enter multiple 1099-INT forms from the same bank by combining the totals from each box into one entry or you can add them separately. If you add them separately, just click on Add Investments and continue through the screens to select another 1099-INT form after you add the first one.   Refer to the TurboTax article Where do I enter Form 1099-INT? for navigation instructions.  Review Filing Tax Form 1099-INT: Interest Income for more information.
I didn’t receipt my state yet why is that I need know please 
Under Income --> rental properties and royalties, whenever I click the edit button for Mortgage Interest , I get a screen that says "Check your internet connect, check back after few minutes". I have... See more...
Under Income --> rental properties and royalties, whenever I click the edit button for Mortgage Interest , I get a screen that says "Check your internet connect, check back after few minutes". I have tried multiple times - on a different machine and browser , the issue doesn't resolve. Is there any solution for this issue? I have been seeing this for last 8-10 hours 
Turbo tax keeping asking me to fix the error but can't find the sheet to fix the error
Hello community:  Regarding TurboTax Desktop Investment Import from E*Trade Morgan Stanley after import from E*Trade fromMorgan Stanley I can successfully login to Etrade.. (from Turbo Tax)  But ... See more...
Hello community:  Regarding TurboTax Desktop Investment Import from E*Trade Morgan Stanley after import from E*Trade fromMorgan Stanley I can successfully login to Etrade.. (from Turbo Tax)  But I am not seeing all my 1099 in the list of import  I can login to Etrade a/c (outside TT) and I can see that 1099 (one catch is that .. the specific account is closed in the middle of tax year 2025.. but I had few stock transactions to report and I have 1099 from Etrade for that)  But for some reason Turbo Tax import is not seeing it ..  Greatly appreciate any help here.   Thanks, 
Unfortunately no I've called the number and can't actually speak with a person it's all automated, I did call another number and was able to make an appointment to go in to the office (which is aroun... See more...
Unfortunately no I've called the number and can't actually speak with a person it's all automated, I did call another number and was able to make an appointment to go in to the office (which is around 1.5 hours away from!) And verify in person. I have an appt on Thursday. I had a call back from turbotax, to speak with someone, I was highly and I mean highly disappointed, #1 he barely understood what I was telling him, #2 he read what seemed like it was straight off a google search, I know because I'd already Googled it myself and almost word for word is what he had read me. And I paid extra for their help while doing my taxes!!! But thanks for the reply. 
@MoralesAdan890  asked:  "How can I track a refund for year 2022?" Have you not checked on it in the last 3 years, or is there more to the story?   In any case, if it's a Federal tax refund, y... See more...
@MoralesAdan890  asked:  "How can I track a refund for year 2022?" Have you not checked on it in the last 3 years, or is there more to the story?   In any case, if it's a Federal tax refund, you would have to start by phoning the IRS to see if a 2022 refund was approved and sent, and if sent, where it was sent.   If a state tax refund, you would need to phone the relevant state tax agency.   IRS: 800-829-1040 (7AM-7 PM local time) Monday-Friday
I am reporting my Medicare premium as a self-employed person on Schedule 1, Line 10.  The premium also appears on Form 1040 Line 6 (Social Security Benefits Worksheet), on Line B, but I think that's ... See more...
I am reporting my Medicare premium as a self-employed person on Schedule 1, Line 10.  The premium also appears on Form 1040 Line 6 (Social Security Benefits Worksheet), on Line B, but I think that's okay because it doesn't really affect the numbers.    My question is, is it okay to still include them on line 6 where it asks for Schedule 1 information which includes Line 15, deductible part of self-employment tax, and Line 17, self-employed health insurance deductions, or is that double-dipping?
@ jryan1982 wrote: Taxes have not been filed. I only printed it for review. I found I need to add and change information. How do I do this? Thank you.  As long as you have not filed, you can ... See more...
@ jryan1982 wrote: Taxes have not been filed. I only printed it for review. I found I need to add and change information. How do I do this? Thank you.  As long as you have not filed, you can go back and make any changes.   If your return interview is closed, here's how to open it back up:     At the Tax Home look for a link "Add a State."   That doesn't really add one, but will open the return interview back up.