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In TurboTax Online, you may edit the IRS form 1099-B by following these steps:         Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Scroll down to Investments and Savings and click the down arrow to the right. Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. Click to the right of the investment to be edited. Click Edit. At the screen Review your XXX sale, click the pencil to the right. At the screen Review this XXX sale, scroll down to the cost basis, box 1e.  Correct the entry. If required, select The cost basis is incorrect or missing on my 1099-B. Click Continue. At the screen Let us know if any of these situations..., enter the information.  Click Continue. At the screen We noticed there's an issue..., enter the information.  Click Continue. At the screen Review your XXX sale, click Continue. @Bee2 

@bizbeh , thank you for your answers to my questions.  Yes it does seem you should have been able to  claim foreign tax  credit.   Since this  is foreign rental income,  was your   rental income  as shown on Schedule-E  ( per US rules ) a positive amount ?   I ask because  I saw another post  that had a similar situation  -- foreign rental income but  while per the foreign country rules there was positive / taxable rental in come, per US rules and with depreciation, the US  taxable  income was negative/loss.  This created a situation where there  was NO foreign source income  to be taxed by the US  ( NIL doubly taxed income ).  So none of the  Foreign Tax could be  used for credit.   Are you in a similar situation or do you have a positive  rental on Schedule-E ?

Same problem. T4A Box 16 flows to line 11500. All entries on the T1198 have been double-checked and are accurate. The problem seems to be the error message - it is not accounting for a lump sum pension payment.

Pour entrer un revenu d'une autre province lorsque vous êtes résident du Québec. Vous devez simplement entrer les renseignements du T4 et sélectionner "sauter le Relevé 1".   De cette façon, vous n'aurez pas de Relevé 1 vide créé, qui pourrait générer une erreur à la fin.   Vous devriez avoir un avertissement du logiciel vous expliquant que, comme vous êtes résident du Québec et travaillez dans une autre province, vous pouvez transférer jusqu'à 45% de l'impôt retenue à la source.   Pour plus de renseignements à ce sujet, veuillez consulter la page Ligne 43800 – Transfert d'impôt pour les résidents du Québec   Merci de choisir TurboImpôt.

@user17755971564    Yeah, they changed the wording this year...you need to answer YES: I have a 1099-R with box 2a a bit lower than box 1 too....A YES uses box 2a. ____________________________________ If your box 2a has a non-zero number in it..(not blank, nor marked as undetermined), and that number is somewhat lower than the box 1 number, due to an after-tax contribution amount that is noted in box 5...then edit that retirement form again, and when you get to the following page (below), answer it as-if the displayed edits were present  (i.e. you needed to answer YES).     Answering YES will use the box 2a $$ amount on your for 1040.  Checking lines 5a and 5b on your form 1040, before and after entering that 1099-R, and the 5b amount should be lower than line 5a.     (But if you answered No, and already entered some $$ in the "General" or "Simplified" calculation area ,you might need to delete your 1099-R first and re-enter it from scratch..) __________________________    

After entering your SSA-1099 for Social Security benefits, the following screen asks you if you lived in any of the countries listed.  If you skipped this screen or answered Yes then none of your SS benefits would be taxed. You need to answer NO, you did not live in any of these countries so the SS benefits would be taxed.   To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button

If you've entered an amount from any of the boxes on the slips listed here, you have what the CRA considers to be self-employment or business income: T4 slip: box 81, 82 or 83 T4A slip: box 20 or 48 T4A slip: box 28 and you answered Yes to the question Does the income declared in Box 028 consist of fees collected for services you provided? in TurboTax Online T3 slip: box 24 (foreign business income) If you have an amount in any of these boxes, TurboTax will ask additional questions to report the income as self-employment/business income. You only need to answer basic information, such as business name and address (can be your own), industry code, and fiscal period (Jan 01 to December 31).    If you are still not able to resolve this issue, please contact our phone support team for more assistance.     

This section of TurboTax is currently being updated.   You should file an extension and pay any tax due just in case the correction is not done before 04/15 in TurboTax.  @galipremsagar  The instructions for Form 3468 were recently updated by the IRS and we are working to get those changes implemented.  

Did you receive a form 1095-A and did not enter it into your tax return (this is how form 8962 gets created)? If so, read the letter from the IRS carefully and do what it says - it could be create an 8962 and mail it to them, or amend your return.   If the letter is about anything else, then Please look at the TurboTax Audit Support Center page. If this is a notice from the IRS, either navigate to the FAQ about these notices (the first paragraph, click on the link), or scroll down to Audit Support Guarantee.

When TurboTax tells you to "reduce your income by a nominal account," it is essentially saying: "You have a specific expense or income category that is currently blocking your ability to show a loss. You need to adjust the value of that specific category."    If the program isn’t letting you record a loss unless you adjust an account, you’ve probably run into a validation rule. Here are the two most common reasons why this happens:   The Home Office Trap: If you have a Home Office deduction, the IRS does not allow that specific expense to create a loss. It can only bring your income down to $0. If your home office expense is $2,000 but your business only made $1,000, TurboTax will "disallow" $1,000 of that expense. It may be asking you to reduce the "nominal account" (the home office expense) so the math works. Section 179 Depreciation: If you tried to "write off" the full cost of a large equipment purchase (like a $5,000 computer) using Section 179, the same rule applies: you cannot use Section 179 to create a business loss. You can only use it to zero out profit.