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yesterday
You can follow these instructions (twice, for seven countries total) to create multiple Forms 1116 in TurboTax Online:
Down the left side of the screen, click Federal.
Down the left side of...
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You can follow these instructions (twice, for seven countries total) to create multiple Forms 1116 in TurboTax Online:
Down the left side of the screen, click Federal.
Down the left side of the screen, click Deductions & credits.
Click the down arrow to the right of Estimates and Other Taxes Paid.
Click to the right of Foreign Tax Credit.
At the screen We'll check if you're eligible, select Continue.
At the screen Did you pay taxes on income, select Yes. Continue.
At the screen Let's get a little more info. select Continue.
At the screen Foreign Taxes, select Continue.
At the screen Do You Want the Deduction or Credit, select Take a Credit.
At the screen Reporting Foreign Taxes Paid, select the hyperlink special instructions to see to the right Special instructions when multiple categories of foreign income are present.
The instructions state:
After completing the interview the first time for the largest item, then you can revisit the interview and report any other items you have.
(Note: "completing the interview" involves answering Yes to question about being done with "all Foreign Tax Credit Computation Worksheets.")
This will generate the additional copies of Form 1116 that you need, and they should be in the correct order.
Sample situations are included.
In your case, because Form 1116 only has space for 3 countries, A B and C, you'll need to create 2 additional copies of Form 1116 following the instructions above, in order to create space for at least 7 countries.
See also: TurboTax - Where do I enter the foreign tax credit (Form 1116) or deduction?
yesterday
You report your Roth Conversion by entering the Form 1099-R you should have received from your IRA custodian. To enter in TurboTax Online:
Navigate to Federal
Click on the Search icon an...
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You report your Roth Conversion by entering the Form 1099-R you should have received from your IRA custodian. To enter in TurboTax Online:
Navigate to Federal
Click on the Search icon and type in "IRA to Roth conversions"
Click on "Jump to ira to roth conversions"
Continue through the interview
yesterday
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yesterday
1 Cheer
Whether you split your cost between doors/windows, the max credit for both these is $1200. I would enter it as an exterior door replacement, as you suggested, since it is used for ingress/egress.
...
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Whether you split your cost between doors/windows, the max credit for both these is $1200. I would enter it as an exterior door replacement, as you suggested, since it is used for ingress/egress.
Here's more info on the Energy Tax Credit.
@jeff B1
yesterday
I had filed a few weeks ago, hopefully with the itemized deductions in place, and I went back in to see if I went through the deductions section again if it would still have itemized deductions in th...
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I had filed a few weeks ago, hopefully with the itemized deductions in place, and I went back in to see if I went through the deductions section again if it would still have itemized deductions in there. If I go through the deductions section in easy step, switch to forms, then go back to easy step, the freaking box in the info worksheet gets checked again!! So the amount that would have been applied to my 2026 tax bill went down. Fortunately I think what got filed was correct (or at least the file I returned to today had the itemized deduction value on line 12 of the 1040.) But I was able to reproduce the glitch 3 times!!! So I will definitely check the IRS transcript for 2025 once it's available to make sure the refund being applied to 2026 is what it's supposed to be. I definitely wasn't choosing standard deduction over itemized. TurboTax was checking the box, not me.
yesterday
2025 need to ammend an income
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yesterday
I have not received any 1099s or W2s, is necessary to report this income?
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yesterday
The problem gets fixed by itself.. the next day I tried again, and it just worked - the check box showed up and I was able to proceed after I clicked it. Unfortunately, none of those steps in the ot...
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The problem gets fixed by itself.. the next day I tried again, and it just worked - the check box showed up and I was able to proceed after I clicked it. Unfortunately, none of those steps in the other reply works in my case.
yesterday
1 Cheer
You will have to go through the Foreign Earned Income Exclusion section again carefully and look for the entry "Enter XXX'Xs Employer Information"
Under the checkbox for This employer has no U.S. ...
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You will have to go through the Foreign Earned Income Exclusion section again carefully and look for the entry "Enter XXX'Xs Employer Information"
Under the checkbox for This employer has no U.S. address, Delete the entry on the U.S. Street Address, it should default back to None.
Please try to file after you make this correction, and if it does not work, add to this post, I will keep an eye on it.
***If you have TurboTax desktop, you can make the entry in Forms mode-
Click the Forms icon in the top right corner of your screen. In the left-hand pane (the "Forms in My Return" list), scroll down to find the specific form you need to edit (e.g., W-2, Form 1040, or your State Return). Click on the form name to open it in the main window. Look for the field with the incorrect information: Look for the Red/Highlighted field on your Form 2555-T. You can remove the entry here.
@jmorrow338
yesterday
Thank you very much to @NCperson for the updated link.
yesterday
What's weird is that I went back and checked the IRA/SEP/Simple box on the 1099R input and I got a turbo tax message saying "are you sure, you said you rolled over your traditional 401k to a roth" so...
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What's weird is that I went back and checked the IRA/SEP/Simple box on the 1099R input and I got a turbo tax message saying "are you sure, you said you rolled over your traditional 401k to a roth" so it knows that's what I did, but it still isn't taxing it. It is also in line 5 on1040 instead of line 4
yesterday
how to answer turbo tax questions for 1099-NEC when you're not the business owner
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yesterday
Are you reporting the rental property as a depreciable asset within the rental activity on Schedule E Supplemental Income and Loss?
If so, in TurboTax Premium Online, follow these directions f...
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Are you reporting the rental property as a depreciable asset within the rental activity on Schedule E Supplemental Income and Loss?
If so, in TurboTax Premium Online, follow these directions for the sale/disposal of a rental property.
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & Income.
Click to the right of Rentals, Royalties and Farm.
Click to the right of Rental Properties and Royalties.
At the screen Your rentals and royalties summary, click the pencil to the right of the property sold.
At the screen Here's XXX rental property info, scroll down to Assets, click the pencil to the right.
At the screen XXX depreciable assets, click to the right of the rental property.
At the screen Tell Us More About This Rental Asset, select The items was sold, retired, stolen, destroyed, disposed of, converted to personal use....
Enter the date sold. Continue.
Continue through the screens about the disposal of the asset.
You may find that there will be two sale entries, one for the rental structure and one for the land the structure sits on. The rental property asset maintains a cost basis for the structure and a cost basis for the land beneath the structure.
yesterday
@keithhoffman22 wrote: Time to cut the **bleep** cord. You can try H&R Block but beyond that your options are limited in terms of DIY desktop tax prep software.
yesterday
Where do I find my AGI?
https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947
Your 2024 tax return shows your 2024 Adjusted Gross Income (AGI) If you filed a...
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Where do I find my AGI?
https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947
Your 2024 tax return shows your 2024 Adjusted Gross Income (AGI) If you filed a joint return then the AGI is the same for each of you.
Form 1040 line 11
If entering the amount from your 2024 tax return does not work, then try entering “0” instead. If that does not work and you still cannot e-file, then print, sign, and mail your tax return.
You can get a free transcript of your past return from the IRS:
https://www.irs.gov/individuals/get-transcript
Note: If you filed late or amended your return, your correct 2024 AGI may not be in the system.
https://ttlc.intuit.com/questions/1944348-how-do-i-print-and-mail-my-return-in-turbotax-online
Note: If you mail your federal return, you will also need to mail your state return. You will not be able to e-file your state return.
https://ttlc.intuit.com/community/printing/help/how-do-i-print-and-mail-my-return-in-turbotax-online/00/26258
yesterday
That doesn't do anything. Clicking on "Search" in the 2025 desktop version opens the online assistant and never opens the extension form or wizard. It is an endless cycle with useless online help.
yesterday
Where do i deduct the cost of my insulating materials on form 5695?
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yesterday
Distribution code is G. No additional 1099R received.
yesterday
Validation Error #25300 typically indicates a data mismatch or a critical form error. Try the following steps: Identify and clear the error by reviewing the list of forms for red exclamation poi...
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Validation Error #25300 typically indicates a data mismatch or a critical form error. Try the following steps: Identify and clear the error by reviewing the list of forms for red exclamation points. Either enter the missing information or delete the form entirely. Once all forms are clear, click Step-by-Step in the header to go back to the main screens You may need to re-enter the information that was changed or deleted. If the program is frozen and won't let you click anything, save your return and exit the software. Restart and allow all updates. You can also follow the instructions here: Manually Update TurboTax Business Software. @scruffy_curmudgeon @four2score