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The tax assessment and the payment reported on the Virginia VK-1 are not correctly applied to the Virginia form 760C Underpayment of Estimated Tax Part I line 1 Income Tax Liability after Spouse Tax Adjustment and Tax Credits.   This issue is expected to be resolved in a product update on Thursday, March 19.   Please make sure that you have the latest updates and walk through the Virginia income tax return again.   Updates in TurboTax Online are automatic.   If you are using TurboTax Desktop, please follow these steps:   Login to TurboTax Desktop. Select Online from the top left bar menu. Choose Check for Updates. Choose OK. @user17737002368 

I deleted my brokerage information which deleted all of the underlying information that fed to the foreign tax credit computation.     I reimported my brokerage information.  I completed the details prompted going through each of the TurboTax forms.  No overrides exist.  No diagnostic errors exist.    The problem that existed previously remains, and TurboTax has a computational error.   The foreign tax credit computation (Form 1116, line 3e) reflects "gross income from all sources" that is 21% of what the actual number should be (and additionally it is only 24% of page 1, line 9).  The actual number should include the sum of page 1 gross income items and also should include addbacks for capital losses that were netted against capital gains when computing page 1 gross income.   I don't know where or how the hell the source code of line 3e is being picked up, but as you can see my facts are not being computed accurately by TurboTax.   Trying to replicate this is a waste of time, because clearly there is a program error with TurboTax, and they clearly are not monitoring the community notes.   Do not trust TurboTax and their computation of foreign tax credits.

To clear the federal amendment and start only the Arizona amendment:    Go to Tax Tools  Clear & Start Over (if you haven’t paid) or  Delete Form 1040-X in Forms mode.    Then you can use these steps to amend your state tax return only. 

Saying that form 760C is supported, isn't the same as saying that it is included nor does it say that TurboTax alerts the user that they need to go outside TurboTax to retrieve a form that the user may not even know they need from the VA Tax website.   The point of the original post was a suggestion to improve TT by including the form, a step in the instructions to indicate it needs to be filled in (or better yet, automatically populate it using the information from Federal form 2210), and to include it in the eFile capability. Without the form being included and an instruction to fill it out, the return will potentially result in a penalty that is not warranted.

I enter the NYS Inflation Refund as suggested by going to the State/Local Tax Refunds on Form 1099-G with update clicked.  I then click on the “Add more refunds” and proceed to enter the information for this NYS Inflation Refund with a “NO” response to taking the standard deduction on my 2003 NY return even though that is not true.  At the end, that amount is taxable and reflected in my 2025 Form 1040 line 8 as additional income from Schedule 1 line 10.  However in schedule 1, this amount is shown on line 1 as taxable refund not on line 8z other income as indicated to confirm.  Also how do I show on my return that this amount is the NYS Inflation Refund and not some other taxable refund?  Am I entering this correctly or am I misinterpreting how to input this?  Please provide a clearer line by line input instructions for this NYS Inflation Refund?   Not clear where you get the “Add more income” from the State/Local Tax Refunds section!!! 

I spoke with phone support, they couldn't clear up the issue, suggested it could be a form coming from CRA during the import process, I said doubtful as I did not see anything to do with FHSA.    The agent agreed with my suggested course of action: 1) delete saved data and try again with CRA import  2) delete saved data and start again and manually enter all tax information.   Will let you all know...

Comme certains frais ne sont pas déductibles aux deux paliers de gouvernement, nous vous suggérons de le faire en deux temps.    Faire l'envoi au fédéral de votre déclaration modifier les frais dans votre déclaration, dans la section reçus frais médicaux, faire l'envoi au provincial   Nous vous suggérons de vous assurer que les frais demander correspondent bien aux critères de chaque paliers de gouvernement.   Merci de choisir TurboImpôt.

I just found the Distribution Summary from Fidelity from months ago when the rollover occurred.  A bullet near the top of that statement states "This distribution is from an employee benefit plan intended to be qualified under Internal Revenue Code section 401(a)."   The amounts on the 1st 1099-R form are for the total distribution and is categorized as Non-Roth.   It shows that the amount on the 2nd 1099-R was an "Unrecovered Roth Contribution Basis" and has a footnote stating that it is a "Portion of total distribution consisting of Roth contributions and applicable earnings.  This information will be necessary when rolling over to an IRA or another employer plan."  Everything is associated with rolling over the entire 401K to a Traditional IRA in a single event.     Does all this make sense?  Do I need to get more information from Fidelity or ask them to correct and reissue the 1099-R(s)?   I need to understand how to put the appropriate information into TurboTax.  Thanks for your help.

How you enter a 1099 depends on what the payment represented. For example, if the amount you received represented back pay for work you performed as an independent contractor, then the settlement could be subject to self-employment tax.   To enter a Form 1099-MISC that is not for self-employment,  go to the Less Common Income section, select Other Miscellaneous Income, and then Other Reportable Income. There, you can enter a description and dollar amount for items that aren't subject to self-employment tax.    You can also enter it in the 1099-MISC section, but answer all of the questions carefully so that TurboTax doesn't interpret it as income from self-employment. For example, identify it as only received in 2025, not related to your work, and that it didn't involve an intent to earn money. See this tax tips article for more information.  

No, but I sympathize. I also remember that being the standard when Schedule K-3 was adopted, but it is used in more 1040 applications than just Form 1116 Foreign Tax Credit (i.e. K-1 box 21), and so - without knowing the recipient's investment reporting requirements, or other foreign reporting requirements, or lack thereof - it just creates unnecessary risk for a matching error between the 1040 and the K-1/K-3. So please include all checkboxes and K-3 information when entering a partner's Schedule K-1 into the program.   Guidance: IRS - 2025 Partner’s Instructions for Schedule K-3

Thank you so much @DaveF1006 for your feedback, very helpful! To minimize my tax, it’s best to become an US expat so I don’t need to pay state tax when I withdraw my 401K, correct? Any downside? Thanks again.

For the Desktop program you have to check the filing status inside the program.  Open your return and go up to the top black menu bar first item File > Electronic Filing > Check Electronic Filing Status

La ligne 20800 correspond à la déduction REER.    Vous pouvez avoir plus de renseignements au sujet de cette ligne en consultant le lien de l'ARC qui suit: Ligne 20800 – Déduction pour REER   Merci de choisir TurboImpôt.

It depends. The income belongs to the dependents, so whether it will be entered on your tax return, on their own tax return or not at all depends on the amount. To determine if they are required to file here are requirements.   Tax requirements for dependent children are different from those of other taxpayers. A dependent child who has earned more than $15,750 of earned income (tax year 2025) typically needs to file a personal income tax form. Earned income includes wages, tips, salaries, and payment from self-employment. A dependent child who receives more than $1,350 in investment income in 2025 is required to file a tax return. If it is below this amount then there is no need to file for the dependent.  Investment income includes interest and dividend payments, as well as sale or redemption (sale) of stocks or bonds. If your child’s investment income consists only of interest and dividends, you can use IRS Form 8814 to include it on your own return and combine it with your own income. Doing this may push you into a higher tax bracket and result in higher income tax than if you prepare a separate return for your child. Review this link for further and more clarifying details. Tax Filing Requirements for Children If they are below the filing threshold, then you will keep the K1s and 1099-INTs in your tax files should you need them later on for any reason. Please update with additional details and we can provide more direct guidance for you.