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TurboTax is asking me to manually enter my 1099-MISC information before it gave me the option to import the package I received from my investment firm.  When and where will it ask me to import the package, so I won't have to manually enter the 1099-MISC information?

Update / Resolved: I confirmed that when the allowed foreign tax credit is $0, TurboTax may suppress Form 1116 and related worksheets from the filing/print packet. This is expected behavior. Carryovers are still preserved in the TurboTax data file and will transfer to next year’s return, even if Form 1116 is not filed this year.   *************************** Hello, I am having trouble getting the following 3 items to print in TurboTax Desktop 2025, and I want to make sure they are included properly for IRS filing:   Form 1116 – I can see it in Forms view, and I can print it individually, but it does not appear in any of the print packets, including “Print Return Only” or “Print Return & All Calculation Worksheets.” Foreign Tax Credit Computation Worksheet – behaves the same as Form 1116: it prints individually but does not appear in any print packets. Foreign Tax Carryover Reconciliation Schedule – this is not generating in my current return. I do have a hard copy from a previous version of my 2025 return where the form and related worksheets printed correctly. While capturing screenshots of the interview, something appears to have changed, and the form stopped generating. To troubleshoot, I performed a full reset: uninstalled TurboTax Desktop, deleted all related files (including TY25 return files), reinstalled the software, and recreated the return from scratch by re-entering all data. FYI, these are the steps I followed to uninstall and reinstall, per help in Turbo tax: “1. Uninstall TurboTax from your computer. 2. Show hidden files in File Explorer by selecting the View menu and checking the Hidden Items box. 3. Delete folders for the tax year from these locations: - C:\ProgramData\Intuit\TurboTax\TY25 - C:\ProgramData\Intuit\TurboTax\MSI\TY25 - C:\Users\{username}\AppData\Roaming\Intuit\TurboTax\TY25 4. Empty your Recycle Bin. 5. Restart your computer. This will remove all files for that tax year so you can reinstall TurboTax Desktop and start fresh.” My goal is to: Ensure that the appropriate forms/worksheets print as part of a full print packet. Ensure that they the appropriate form(s) and/or worksheet(s) are included with my tax filing so that the IRS has a record of my foreign tax credit carryovers for future years. Could you please advise what steps I need to take in TurboTax to achieve this?   Many thanks, Lynn

I am on Premier DESKTOP.   I imported 1099s & am currently working on my Foreign Tax Paid Credit (do not want Deduction.)    Foreign Dividends were $3,700 & Tax Paid $631. When I went ito Forms Tab, 1116 showed a Carry Back (???) & a Carry Forward which make no sense. I have never had that before, and every year my Foreign Dividends & Tax Paid have always been almost exactly the same.   I am quite certain I have not exceeded the maximum & I certainly havn't requested Carry Forward or ESPECIALLY NOT Carry Back bc I don't want to do an Amended Return for 2024!   Something has gone haywire IMO. Do I have to start from scratch after almost finishing my Return or can I fix this problem? Can I fix it in the Form itself or is there a way to get back to the Foreign Tax Credit under Deductions & Credits and correct whatever has gone wrong? Never happened in over 10 years with Fidelity, so I'm not sure what happened.   Wouldn't it be nice to be able to see the form that was imported to make sure that it matches the physical (electronix) 1099 that was issued?    

I think I discovered a flaw/inconsistency in how state income tax refunds are handled by the IRS.   If you itemize deductions, then state income taxes reduce your taxable income for filing year (e.g. 2025).   But if you get a state income tax refund the following year (e.g. 2026) then the refund amount is added to your AGI, not your taxable income (subject to the limitation of how much the state income tax deduction increased your itemized deduction total compared to the standard deduction in 2025).   If the refund was just added to your taxable income that would be fair.   But adding to AGI is not the same as adding to taxable income, as it can have some additional adverse effects on how much taxes you pay.   For example, it can increase how much your Medicare premiums will be in subsequent years (2027 and beyond).  Also, a higher AGI can increase your NIIT surcharge in 2026 (if you're subject to that).    [There may be other adverse tax consequences of a higher AGI compared to just a higher taxable income; I'm not a tax expert but I do know that a higher AGI is never good.]   TurboTax seems to be unaware of these other possible adverse tax consequences of a higher AGI compared to just a higher taxable income.   It seems like as soon as your itemized deductions total more than the standard deduction, TT recommends you take the former.   And when it's listing possible reasons why you might not want to do that, though it mentions that your state refund will be taxable, it doesn't mention the fact that a higher AGI in 2026 and beyond can result in a tax impact that actually makes you end up paying more taxes in total over 2025/6/7.   To summarize:  if your state tax refund were only added to your taxable income in 2026 (and since that increase is limited to how much the state tax deduction reduced your taxable income for 2025), it would in essence be a wash, so one might argue to take the additional deduction to get a bigger refund now, and then even if you have to pay a comparable amount more in federal tax next year, you had the additional federal refund money for a year.  But as soon as you're subject to more payouts (e.g. NIIT, Medicare premiums) in subsequent years that make it worse than just a wash, you can easily end up worse off.   Suggestion for TT: after TT calculates your Fed and state returns (before you file), if your state tax refund for 2025 (that you'll receive in 2026) is equal to or greater than how much itemizing your state income tax reduced your taxable income for 2025, it should alert you that the benefit of itemizing deductions in 2025 will not only be washed out by the increase in AGI in 2026, but you may actually come out worse than if you took standard deduction (due to AGI increasing NIIT, Medicare premiums and who knows what else).   Again, this mess wouldn't exist if the IRS rule was that your state tax refund got added to just your taxable income, not your AGI.   If you reduce your taxable income by amount X in year 2025, then you shouldn't be adding back X to your AGI in the next year.   (Btw, the above discussion doesn't even include the consideration that itemizing deductions makes your recordkeeping and returns more complicated than standard deduction, so if there is very little to perhaps zero gain over the 2+ year period, it's a very dubious strategy.)   Ques 1:  Does anyone know a rationale why state tax refunds are added to AGI instead of taxable income, where the deduction was applied to in the first place?   Ques 2:  Am I missing anything here which would make itemizing better than standard deduction if your state tax refund in 2026 is equal to or greater than the state tax deduction benefit in 2025?   Ques 3 for TT experts:  Do you agree TT should at least mention this caveat when it's recommending you take itemized deductions?