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If the scholarship  was to cover room and board, it does become taxable income. If it covered a prior year's education expenses, you should amend the prior year and claim it there. This could affect any education credit claim last year.   The 1098-T is an informational form rather than a tax form which is what allows you to move that scholarship money to the correct year.   The IRS requires you to report all worldwide income, in this case, you get to pick which year and how (or if)  it is taxable.   

So my situation may be slightly different. Yes, I can delete form 1099-Q but along with my rollover from my 529 plan to my ROTH IRA, I also had another distribution from my 529 plan this year. There are two distributions that show on my 1099-Q. I cannot delete it because the other distribution needs to be entered into Turbo Tax.   My rollover from my 529 plan to my ROTH IRA does meet every single regulation you have listed. Right now like you said it is counting this as a taxable event.   Also if I go in to make different selection such as selecting both 4A as trustee to trustee transfer : Box 4a: Was this a trustee-to-trustee transfer? Yes Box 4b: Was this transfer from a QTP to a Roth IRA? Yes   It gives me an error and says: "Boxes 4a and 4b cannot both be 'Yes.' Choose the one that describes the type of transfer."   Please assist.  

To claim your 2025 Foreign Tax Credit on your Indiana return, enter the foreign country as another “jurisdiction” in the software.    Go to the State Taxes tab and start/edit your Indiana return. Navigate to the Credits or Taxes Paid to Other States section. (Indiana uses Schedule 6 for this). Look for a section titled "Credit for Taxes Paid to Other States" or "Taxes Paid to Another State." When it asks which state you paid taxes to, look for "Other" or "Foreign Country" in the dropdown list.  Once selected, there will be a dialogue box where you enter the foreign tax paid in the box labeled Tax paid to other State Then enter the Foreign Tax income earned as other State income taxed by Indiana. Now you should see this listed in Schedule 6. Indiana's foreign tax is limited to 3% of your foreign income. If you find that our credit is smaller than what you paid, be mindful of this 3% limitation.        

Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.

Hi Dave,   No, the NR4 reports the gains from the date of death to the date of the distribution. I understand that Canadian law considers the RRSP to be fully liquidated (if that is the right word) at the moment of death, and the taxes are due to the estate. And taxes on any gains from the date of death  are due to the beneficiary.    In this case the NR4 income is small (<5k) and reports that difference. I received the money as part of the lump sum distribution but the NR4 also reports the 25% taxes that were withheld on that smaller portion.    My understanding is that the bulk of the payment is the "gift" portion, I need to report on my 3520 but not as income, and the smaller part is income I need to report in my taxes. And I need to file the FBAR even though I never had control over the account, simply because I "owned" it in some way for a short period of time.    I've did seek out advice from several independent and authoritative sources (the bank, tax attorney) just recently. So I am pretty confident in that part. I just now need to figure out how to report it properly in Turbotax and claim the credit for the foreign taxes paid.    I haven't had a chance to re-try to trigger the foreign tax credit section for the misc income. I'll give it a shot when i get home from work. 

If you used pay with your refund, your fees can be paid with your state refund. I assume that's what happened. If your Minnesota refund didn't cover all your fees, the remained will be withheld from your Federal refund and you will get the rest.    Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?

Thanks for the reply Robert it's much appreciated the loan was taken out in September of 2017. We did add in cash to close around $17,000. The loan amount did increase because the payoff to the original loan and mortgage assistance we had on the original mortgage.  For the purpose of the question "The original loan was taken out on or before December 15, 2017 and the loan amount has not increased due to a cash out refinance" Would I answer Yes since this is treated as a rate and term/limited cash out refinance. Sorry if the answer is obvious I'm not sure if the limited cash out refinance causes some type of nuance. Since the question just mentions a cash out refinance not rate and term/limited cash out refinance.   Payoff to XXXX $96,440.00 - mortgage assistance Payoff to XXX $675,969.00  - original mortgage

To delete Form 5695 in TurboTax, sign in to your account, go to the Tax Tools menu, then click Tools, and select Delete a form. Locate Form 5695, and select "Delete."   If these steps fail, you will be able to clear your return and start from the very beginning. Click on the link below for instructions on how to clear and start over. Choose whether you are using the Online or Desktop version.  How do I clear and start over?  

My solution:   There should be a supplemental section in the tax statement which breaks out the details of the summarized 1099-DIV.   Step 1: Identify all entities that were subject to foreign tax. Typically will be in a table titled- Investment Expenses, Foreign Taxes Paid and Other Fees, or similar.   Step 2: Identify and highlight the (Box-1a) Total Ordinary Dividends paid by an entity that paid foreign tax. Should be listed in a table titled- Dividend Distributions.   Step 3: Add up the Total Ordinary Dividends you received from the entities that paid foreign tax. This IMO is the ‘Foreign Source Amount” of dividends.   'Do you know the only thing that gives me pleasure? It's to see my dividends coming in.' John D. Rockefeller  

Thank you I appreciate the reply.   However, this is an incredibly poor functional design for TT. In TT, you save file, let's say X you get 'X Form 1040 Individual Tax Return' and a '~ X Form 1040 Individual Tax Return' file.  Continue work save file again, you get a '~~ X Form 1040 Individual Tax Return' file, etc. Now, if you stop work, save file, and then wish to continue work at a later point in time and start TT, you find that you must click on one of the '~' files to find which one accurately recorded your stop work save file position. A properly designed program does not function like this and does not produce these excess files.   I have large Word, Excel, PowerPoint, PDF, Audio, and Picture editors files. All of these can be worked in, saved, and re-opened to previous position without creating different backup versions every time you save file. You go to file name double click and you are right back where you left off when you saved file.   If I am concerned about backup, I simply copy the file to a backup folder. Which I do, do on certain files. And if you are a seasoned TT user, you should be backing up your work to another physical location to ensure recovery if things go bad.   I hope this flaw is corrected in the future.

The community can't help you with getting a phone call. When you say TurboTax did your 2023 and 2025 returns wrong, can you elaborate? What was wrong?   Here is a link for the TurboTax Audit Support Center.   Just in case, How to submit documentation for accuracy guarantee claims.