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there is an election not to file Form 1116 if your total creditable foreign taxes aren't more than $300 ($600 if married filing a joint return). If you make this election, the following rules apply... See more...
there is an election not to file Form 1116 if your total creditable foreign taxes aren't more than $300 ($600 if married filing a joint return). If you make this election, the following rules apply. • You can't carry over to (2026 any 2025 credit) or from any other year (carryback from 2026 and unused credit)  any foreign taxes paid or accrued in a tax year to which the election applies  (YOU LOOSE THE 2025 CARRYOVER)  (but carryovers to and from other years are unaffected).  You are still required to take into account the general rules for determining whether a tax is creditable.  • You are still required to reduce the taxes available for credit by any amount you would have entered on line 12 of Form 1116.   
the senior item is not a credit but a deduction computed on Schedule 1-A, Part V, that carries to line 13b of your 1040. It starts phasing out with modified adjusted gross income above $150,000 for a... See more...
the senior item is not a credit but a deduction computed on Schedule 1-A, Part V, that carries to line 13b of your 1040. It starts phasing out with modified adjusted gross income above $150,000 for a joint return and is completely phased out with MAGI of $250,000 or more. Not sure what you mean by B income. MAGI is used, which is calculated in Part I       TurboTax calculates it automatically based on your ages and MAGI. 
I’m working on my 2025 return in TurboTax Desktop (using Premier) and I want to confirm whether Form 1116 needs to be filed in my situation. Here are the details: I have foreign tax paid reported ... See more...
I’m working on my 2025 return in TurboTax Desktop (using Premier) and I want to confirm whether Form 1116 needs to be filed in my situation. Here are the details: I have foreign tax paid reported on a 1099‑DIV (passive category). I have a small foreign tax credit carryover from 2024, and I will also have a carryover from 2025. I am not claiming any foreign tax credit this year. On Schedule 3 (Form 1040), Part I, Line 1, the foreign tax credit amount is 0. Because I am not using any credit this year, both the 2024 carryover and the 2025 foreign tax paid are being carried forward. TurboTax shows Form 1116 and the Foreign Tax Credit Computation Worksheet in Forms Mode, but Form 1116 does not appear in the print‑for‑filing packet, nor does the Foreign Tax Credit Computation Worksheet. In an earlier version of my return (before I rebuilt it from scratch), TurboTax generated a Foreign Tax Carryover Reconciliation Schedule (along with form 1116), but that form no longer appears. My questions: Since Schedule 3 shows zero foreign tax credit, am I correct that Form 1116 does not need to be filed this year? In a carryforward‑only year, do I need to file either the Foreign Tax Credit Computation Worksheet or the Foreign Tax Carryover Reconciliation Schedule with the IRS? Is it normal for TurboTax to generate only the Computation Worksheet (and not the Carryover Reconciliation Schedule) when there is only a single prior‑year carryover? I want to make sure I am filing correctly and that my carryovers will be preserved for future years. Thank you!  
generally i would think the only reason for this is you haven't paid the 2023 fees, but there could be other issues. contact support 5am-5pm Pacific Time (8-8 Eastern) Monday - Friday https://su... See more...
generally i would think the only reason for this is you haven't paid the 2023 fees, but there could be other issues. contact support 5am-5pm Pacific Time (8-8 Eastern) Monday - Friday https://support.turbotax.intuit.com/contact 800-446-8848
you may have your screen resolution too high so you are not seeing the top of the window. with the return opened at the top, there should be a white bar that says TurboTax Premium 2025 below th... See more...
you may have your screen resolution too high so you are not seeing the top of the window. with the return opened at the top, there should be a white bar that says TurboTax Premium 2025 below that is a black bar that says file - edit- view - click on "view" and a popup should open that allows you to switch to step-by-step (or do "ctrl 1)     by the way with desktop you are not online with TurboTax. everything you see and all the calculations, forms etc are provided by the program on your computer.   
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where do i find my PIN? To find your Illinois PIN, you can use the following methods: Online: Visit the IL-PIN Inquiry page on the MyTax Illinois website and enter your Social Security Number and I... See more...
where do i find my PIN? To find your Illinois PIN, you can use the following methods: Online: Visit the IL-PIN Inquiry page on the MyTax Illinois website and enter your Social Security Number and Illinois Driver’s License/State ID or prior-year AGI. * By Phone: Call the Illinois Department of Revenue’s automated PIN inquiry system at 1-800-732-8866 and provide your Social Security Number and one of the alternative verification methods. * If you do not have an IL-PIN or a valid Illinois Driver’s License/State ID, you may need to file a paper return to the Illinois Department of Revenue.
on the 1099-div you must list 1) foreign tax, 2) link it to a column on the 1116 (over $600 requires the form) 3) the foreign income and in box 8, the country.  It may be this year that your FTC is m... See more...
on the 1099-div you must list 1) foreign tax, 2) link it to a column on the 1116 (over $600 requires the form) 3) the foreign income and in box 8, the country.  It may be this year that your FTC is more than allowed. See form 1116.  since you are using desktop you can switch to Forms mode to review the 1099-DIV and Form 1116. in forms mode you can make changes as needed.    if you continue to have problems you may ned to delete the 199-DIV imported and enter the info manually.         
Help! None of my rental property depreciation and items carried forward from 2024! If I have to do it manually, I do not see where I can enter the value of the property itself, date placed into servi... See more...
Help! None of my rental property depreciation and items carried forward from 2024! If I have to do it manually, I do not see where I can enter the value of the property itself, date placed into service, etc. Also, for new items, it starts out by asking if any property was put into service in 2025 only.. I looked at the tax forms created for 2025 and the items are all on the Depreciation and Amortization Report, but, they are not on the 2025 tax forms. What can I do? Will this problem be fixed? and if so, if I already imported my 2024 info to get started on 2025, will it be copied forward anyway?
not sure. the IRS is required to use direct deposit. Even if you don't request DD or provide DD information, the IRS will send a notice requesting your bank information so it can process a DD. See if... See more...
not sure. the IRS is required to use direct deposit. Even if you don't request DD or provide DD information, the IRS will send a notice requesting your bank information so it can process a DD. See if it has information on getting a check. I doubt it. EO 14247
@CatinaT1 I have been able to direct message with other TT support folks. why do you have messaging disabled?  Please let us know if CSV support is coming for crypto using TT Desktop or if we should ... See more...
@CatinaT1 I have been able to direct message with other TT support folks. why do you have messaging disabled?  Please let us know if CSV support is coming for crypto using TT Desktop or if we should start making other arrangements.  thanks