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Do you have a 1099-MISC for miscellaneous income?   To report miscellaneous income without generating a schedule C, take the steps below.     Delete that 1099-Misc and the Schedule C that was started, instructions are below.  Then re-enter it, making sure to answer the follow-up questions as follows:   After you enter the reason for the 1099-Misc, mark None of the above on the next screen (uncommon situations). Answer Did the refund involve work that's like your main job?  NO Answer How often did you get this income?  You got it in 2025 only Answer Did the refund involve an intent to earn money?  NO   The income will be reported as Other Income on Line 8 of Form 1040 without generating a schedule C.      How to delete forms in TurboTax Online   How to delete forms in TurboTax Desktop   If you still are having issues or have a different form, let us know what form and what box is causing the issue.   Be sure to delete the erroneous forms that were already started to fully remove any errors.     

THis is a stupid error on the part of Intuit.  It assumes that if you enter "I" or "O" you made an error in confusing I with 1.  Back in the ancient days when data was KEYPUNCHED programmers often restricted the use of I and O in codes.   My workaround is to use code N8H2 which belongs to Carrier - and then to submit a blank form explaining what I did.   Note that the same issue will apply to Jen-weld windows and doors and york AC and maybe others  To find a working code see https://rebate.blue/qmid.    I used a code for a different manufacturer as I worry that the IRS will look for valid assigned QMID codes,

Le T4A RCA est le feuillet fédéral tandis que le Relevé 2 est le feuillet provincial.   Le Québec est la seule province où vous devez compléter une déclaration fédérale et provinciale. Raison pour laquelle vous avez deux types de feuillets.    Merci de choisir TurboImpôt.

My form 5695 is now--finally--populating correctly and the amount of the credit is now auto-filling into Schedule 3 as it should.   I'm relieved that it's working but I'll never get back the 4-1/2 hours of work it took to get to this point. I guess I know now that this blog is the best place to get answers to difficult questions, NOT the online Chat function nor the phone support. Those were both a waste of time---of the four people I interacted with, none had an appropriate or knowledgeable solution to this issue.    And, of course, this never should have happened in the first place. Even the most basic testing of the software should have illuminated this glitch. H&R Block software didn't have this problem--I'll be giving them my dollars next year!

@jimm-wisc ,  what does line 27  ( passive category ) say ?  line 24 ?  Line 9 through computes the credit  available. The easiest solution may be  -- (a) in the forms mode delete the  form 1116 which should delete the  1116 comp.wks.  Then go back to the 1099-DIV  entries in the  easy-step (or step-by-step) and make sure everything is correct.   Then  go to  Foreign tax credit section and go through the whole thing all over again. OR   (b)  make all the corrections on the 1116 Comp wks. to get the  correct credit.   I am also surprised that  ( and assuming that  your world income is much larger than  foreign source income ) how are you getting  the full FTC amount.  Why is not the  Foreign Source taxable income  to World Taxable income ratio not being applied ? Or for that matter if  your ONLY foreign source  income is 1099-DIV and your FT is US$112, why you have form 1116 and not the safe harbor  path ( i.e. without using form 1116 ). I must be missing something here .   Look forward to hearing from you --yes ?  

Any improvements you made to the home can be added to the Cost Basis, or added as Assets and depreciated along with the house.  However, mortgage interest, insurance, property tax paid during the year before rental can't be added to the Cost Basis.    Closing costs (like title fees, recording fees, appraisals, inspections) and improvements made to get the house ready for rent can be added to the cost basis.  Property Tax paid at closing can be added to the basis.   @nerobins 

You may have a 1098 stuck that needs to be deleted.   Go to Forms mode, or use the Delete a form tool (TurboTax Online) to remove any erroneously started 1098 forms.      How to delete forms in TurboTax Online    How to delete forms in TurboTax Desktop  

@MarilynG1 we’re getting an error when we try to file that tells us there is a known problem with form 5695 and that it will be fixed by… today. It is not and none of us that are web customers can do anything about it.

Lorsque vous téléchargez le logiciel TurboImpôt Bureau, pour l'activer, vous devez avoir un code de license.    Si vous n'avez pas de code de license, vous pouvez vous en procurer à partir de notre site Internet, sur la page suivante: Achetez votre logiciel TurboImpôt Bureau   Merci de choisir TurboImpôt.

Bonjour,    J'ai fait ce que vous demandiez et le code d'erreur sort toujours T3BBAS04.    J'ai la version 10.01.ff (068G30) numéro 63238 si cela peut vous aider également à m'aider à régler la situation.    

Accrued Interest Paid is the amount you paid to the seller of the bond due to coupon interest accrued when you buy the bond, which is included in the full coupon that will be paid to you on the next coupon date (and the full coupon is reported on 1099-INT).  Only the net amount of that coupon payment less the accrued paid is income that's taxable to you, so you would make an adjustment to reduce the interest by this amount.  To do this, report the 1099-INT boxes as provided and after the 1099-INT entry screen there are questions for other situations, check the box that you need to adjust the 1099, and then follow the on-screen instructions to enter the accrued paid, which will show as a negative "Accrued Interest" adjustment on Schedule B.     Two caveats: - Turbotax can't assign adjustments to specific income boxes so if your 1099-INT has multiple income types (Box 1, 3, or 😎 then you need to split up the 1099 and input the box you need to adjust separately. - This adjustment should be done in the tax year you receive the first coupon on the bond; If the first coupon doesn't come til 2026 it's up to you to carry it over to apply against 2026 taxes.  I don't think most brokerages track this they just give you a schedule of accrued interest you paid during the year but not all of it may apply.   Accrued Market Discount (AMD) is the income you are getting from buying a bond at a discount which is then redeemed at par (100).  If you hold the bond til maturity/call then the AMD is treated at ordinary income, it's adjusted on Schedule D / Form 8949 to zero out the gain/loss and flips this amount to Schedule B.  If you sell the bond prior to maturity you may end up with a mixture of AMD (mainly) and Gain/Loss depending the timing, but that's a different topic.   As you're finding out, Turbotax does not automatically reflect AMD as a subtraction on state taxes.  There are various ambiguities and interpretations of state tax codes.  I can't speak to NJ taxability or any nuances in NJ state taxes for Treasuries, but the general way to handle this is to make a miscellaneous/manual subtraction on your state return if that is supported.  Note for NY however this type of adjustment apparently precluded e-file.   Another possible way to handle it is to add the AMD into the US Government Obligations amount on a 1099-DIV which should not affect Schedule B and would be treated as a subtraction on state tax just like a MM fund, but you would need to check the outcome of Fed and State returns (and keep records of these adjustment for audit etc) - I've not tried filing with this approach.   There's been a lot of threads on the AMD topic, and you may be able to find more specifics on NJ, for example https://ttlc.intuit.com/community/taxes/discussion/accrued-market-discount-on-treasury-bonds-state-taxability/00/3091472   You may find it useful to build a spreadsheet for your individual bonds to track these different components, and then reconcile that Schedule B and outcome on Fed and State returns is correct as you have to add the AMD and subtract the Accrued Paid etc.   To avoid the AMD issue if you plan to buy more bonds, you can try and buy higher coupon bonds at a premium instead of lower coupons at a discount (premium amortization is tracked by brokerages and reported on 1099-INT).