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xhx831

Hello, I became a passive investor at a new restaurant from 2023. I didn't receive any K-1 until late 2024 so I have to amend my 2023 and 2024 returns. My main goal was to track the business loss...

Hello, I became a passive investor at a new restaurant from 2023. I didn't receive any K-1 until late 2024 so I have to amend my 2023 and 2024 returns. My main goal was to track the business losses for the first couple years when it started. I have already had my 2023 amendment approved. I didn't really notice this because it's minor compared to other things on the K-1. In box 15, I have an amount ($1,055, code N, for both 2023 and 2024 K-1s). I looked back at my 2023 amended tax return, this amount is reflected on form 3800 part III, and form 8582-CR lines 4a, 4c, 5, and 7. From my own research, it seems this credit (FICA?) can be carried forward for 20 years. And since I was not able to use any of them in my 2023 return, should it have also been put in part IV of form 3800 so they can be tracked in later years? Why turbotax decided to not put the amount there? What else did I miss? Shall I re-do my 2023 amendment? There is also another challenge - I used a different turbotax account for tax year 2023 and before, and a new account since 2024 onwards, making it hard for my 2024 return to automatically recognize the above information from the previous year - is there any way to manually input these when I amend my 2024 return? I have been using Windows web browser version of Turbotax - not sure which edition it should be but I usually pay minimum fees and never used live expert help. Many thanks in advance. Edit: Also, currently the K-1 interview of Turbotax Online 2024 does not ask me about unallowed 2023 passive activity credit from 8582-CR and therefore does not record it properly for me in the proposed 2024 amendment.

M-MTax

It is supposed to be available by the end of next week.

xmasbaby0

To enter estimated tax paid in 2025 Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates

Karis_F

High school students taking college level courses at an eligible educational institution are eligible for the Lifetime Learning Credit (LLC). Follow these steps in TurboTax Online to generate the cre...

High school students taking college level courses at an eligible educational institution are eligible for the Lifetime Learning Credit (LLC). Follow these steps in TurboTax Online to generate the credit: 1) Go to the section Deductions & Credits>Expenses and Scholarships (Form 1098-T) 2) Add Student 3) For the question Was (student) working on an Associate, Bachelor's or Graduate degree? answer No 4) Was (student) enrolled in certificate or credential program? No 5) Was (student) taking college level courses? Select Yes if a high school student These answers will generate the Lifetime Learning Credit instead of the American Opportunity Credit. See this IRS article for more information: Lifetime Learning Credit

user17710842770

soluction other than manual input.

MindyB

It is expected to be available later this week with the end of the week updates (which typically occur on Thursday nights, so 2/19/26), please check back at the end of the week.

alexiuspa

xmasbaby0

The new deduction for overtime is on your federal tax return. OVERTIME https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-reform/enter-overtime-pay-turbotax-online

M-MTax

By the end of next week according to some official sources here.

MelindaS1

In order to populate the specific-country data for income and taxes paid, you may need to create entries for additional dummy 1099-DIV's that only include data of foreign income and foreign tax per e...

In order to populate the specific-country data for income and taxes paid, you may need to create entries for additional dummy 1099-DIV's that only include data of foreign income and foreign tax per each country (so that your U.S.-source income is not double-counted or quadruple-counted), until all 4 countries have been entered. This is a common workaround across many tax software vendors. You might want to reference this Community conversation as a starting point. For the 2 1099's with foreign taxes paid to the same country, enter them both as usual, and TurboTax should collate them together on Form 1116 correctly. Tag me @MelindaS1 if you have issues with the final computation. Learn more: TurboTax FAQ - Where do I enter the foreign tax credit (Form 1116) or deduction? IRS Pub. 514 - Foreign Tax Credit for Individuals

LindaS5247

Please clarify your question by adding some additional information so we may better help you. Such as: Are you trying to access your Form 1099 for 2025? What did your employer ask you to do? Do you...

Please clarify your question by adding some additional information so we may better help you. Such as: Are you trying to access your Form 1099 for 2025? What did your employer ask you to do? Do you have an Employer/Employee Portal? Are you trying to upload a 1099 while using TurboTax? Does your employer use QuickBooks?

DoninGA

@mhusenits Go back to the very start of the File section. Go through the screens and when you get the state tax return section you will be asked again if you want to pay with a credit card or pay wi...

@mhusenits Go back to the very start of the File section. Go through the screens and when you get the state tax return section you will be asked again if you want to pay with a credit card or pay with a federal tax refund. Choose Pay with a Credit Card.

xmasbaby0

Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.

M-MTax

In that event, you don't need to attach anything unless you were somehow appointed trustee by a court of competent jurisdiction.

PatriciaV

Do you still own the S-Corp? If so, you need to prepare that business return first so you have Schedule K-1 to enter on your personal return. If you no longer own the S-Corp, you can delete the entry...

Do you still own the S-Corp? If so, you need to prepare that business return first so you have Schedule K-1 to enter on your personal return. If you no longer own the S-Corp, you can delete the entry for the Schedule K-1 (use the trashcan icon).

CesarJ

Maybe you may want to delete your 1099s and start over again. If you added a Form 1099-SA you can delete the form by following the steps below: Open your return in TurboTax. (To do this, ...

Maybe you may want to delete your 1099s and start over again. If you added a Form 1099-SA you can delete the form by following the steps below: Open your return in TurboTax. (To do this, sign in to TurboTax, and select the Take me to my return button.) In the left side bar, select Tax Tools then select Tools. In the pop-up window Tool Center, choose Delete a form. Select Delete next to Form 1099-SA. In addition, you would also need to delete any related forms or schedules (ex. Form 8889 and Health Savings Accounts and follow the onscreen instructions. @user17711218569

xmasbaby0

No one can call you from the user forum ---- but beware of anyone who calls you and says they are calling from TurboTax. This is a public web site that can be seen by anyone—including scammers and ...

No one can call you from the user forum ---- but beware of anyone who calls you and says they are calling from TurboTax. This is a public web site that can be seen by anyone—including scammers and would-be identity thieves who would love to contact you and pretend to be from TurboTax. Please remove the personal information you posted here ASAP by returning to your post and clicking the three little blue dots on the upper right to edit your post.

Hal_Al

The room and board expense entry fix is expected with the next update, but don't hold your breath.

xmasbaby0

To enter estimated tax paid in 2025 Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates

MLBLKLCL

I live in Illinois, am I eligible to deduct overtime?

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