All Posts

You can either do a Search for 1099-C, which will allow you to jump directly to the entry page, or you can navigate to Wages & Income->Less Common Income->Miscellaneous Income, 1099-A, 1099-C, then look for the Start button for Cancellation of Debt.

Badges? We don't need no stinkin' badges! Yes, it's okay but not wise for your husband to delay paying the RMD until beyond Dec. 31 and pay twice the following year. You could end up paying extra tax in a higher tax bracket, more tax on social security, etc. I had a RMD issue but corrected it by going into the forms, understanding what was going on, and changing it there, then going back thru the TurboTax questions to see if any other issues popped up.

Form 8833 is not required for exemptions on Social Security benefits but without the form explaining, it does look taxable. You should fill in the 8833, include your proof of foreign residency to counter the US address. Reference your specific treaty and article in your simple, easy to read letter replying to the IRS.   In the future, you could either:  mail your return with the 8833 attached or use professional software Perhaps TurboTax will incorporate it if they understand the need. You can file an accuracy claim. How do I submit a claim under the TurboTax 100% Accurate Calculation Guarantee or 100% Accurate, Expert Approved Guarantee?

Thanks Marilyn. I figured out why the Rental Activity was being labeled Nonpassive for Sch E. I marked the activity as Land instead of Commercial Rental Property. When I changed the activity coding, Turbotax made it passive and it flowed to the 8582 as passive income and offset passive losses against it, which is what I was expecting. I'm all set.

The only way to get around your issue, if you so chose would be file your federal return as is.  Save it.  Then call it up and save it as MASS filing, and change the sales to business inventory sales vs. securities.  I do not condone it, Mass instructions do NOT support this.  You can then e-file the state return as a business Schedule C income/losses and know you have 2 different files, one just for state.

@markmatty    There are hundreds or even thousands of bank/CU institutions that do not provide a downloadable 1099-INT form for their customers.   Look lower on the page where you would normally make the selection...to "Enter Another Way"...or "Type it in myself".   Possibly both selections on subsequent pages.  Don't try  to upload a picture or PDF of that form...too many computer AI mistakes cause complications....Just Type it in...yourself.