All Posts

If you transferred your $7,500 EV credit to the dealer at the point of sale, you are not eligible to claim the credit again on your tax return, meaning it will not reduce your tax liability or increase your refund. You must still file Form 8936 and Schedule A to reconcile the transfer. You should show $0 on Line 13 of Form 8936.   You may qualify for the Car Loan Interest Deduction, however, so you may want to step through the interview in the Deduction section.   @Linda P     

I am having the same problem, but when I go through EasyStep, it doesn't ask me if I'm covered by a retirement program at work. Switching over to the worksheet view of the "IRA Contributions Worksheet," line 10 is checked and not editable, indicating that TurboTax thinks that I'm covered by a retirement plan at work.   Personal details: I was laid off by my employer in December, 2024, rolled over my 401(k) to an IRA in January, 2025, had W-2 severance payments in Q1 2025, and started company pension income in 2025. My spouse hasn't worked in years and the same box is checked. Our return is "Married Filing Jointly."   I am using TurboTax Home & Business 2025 running on Mac desktop.   Thank you.

It depends on where you enter the 1099-NEC.  If you do it in  the income section and did not set up a business profile, you will select the following:  Income Other Common Income Income from form 1099-NEC Self-employment Enter the 1099-NEC Select the type of work that you earned the income for Answer yes to Was any of the money in box 1 from tips Enter the amount that was from tips If you are doing it in the business income section when you enter the income, there is a box below each of the income types that you can check to say this included tips.  Check that box then enter the amount that was for tips. 

Sorry, that wasn't what I was asking.  One requirement to file Form 8990 is to have EBIE Line 13 Code K.  I was asking if any Line 20 Code items also trigger the necessity of filing Form 8990, e.g. 20AE- Excess taxable income, or 20 AF-Excess BIE, etc.  or any others which require Form 8990 to be filed.  I know that 8990 must be filed outside Turbo Tax.  

I believe you mean you rented a house and collected a security deposit which you later returned to your tenant. If so it is not deductible, as it should not have been put into income in the first place. You just hold that money until you give it back to the tenant, with no entry on your tax return. If you did not return the income, you would put it in rental income.

@beudosie  Are you a US person ( citizen/GreenCard ) having a Foreign ( Zambia ) tax home ?   Is your business entity a local registered entity ?  If  both are true , then you  need to do two things : (a) File a Schedule-C  reporting your income, expenses etc. ---   See here -->         2025 Schedule C (Form 1040)         Publication 334 (2025), Tax Guide for Small Business | Internal Revenue Service (b)   File a Form 2555 for  excluding your "self-employment" income from US taxes   ( FEIE ) --->          Foreign earned income exclusion | Internal Revenue Service   One more item to note  -- a US person is required to participate in Social Security and Medicare   tax contribution -- generally  15.3%  on about 92% of your net income  from Schedule-C.     I do not see that Zambia  as one of the countries with a Totalization agreement with US Social Security.  Thus you are liable for this  Social Security Tax -- you use  Schedule-SE for this.   Is there more I can do for you ?

You can review your fees by following the instructions below.    After signing in to TurboTax, open or continue your return.  Select Tax Tools on the left side of the screen and then Tools.  A Tools Center box will pop up on your screen.  Select the My Fees box on the right.    If your TurboTax fees are higher than expected, you can reduce them by removing add-ons:  Remove PLUS Help & Support  Remove Pay With Your Refund  Remove Premium Services  Remove MAX Defend & Restore  Remove a state