All Posts

It depends. Since you’re claiming a Foreign Tax Credit with Form 1116, the IRS asks for a separate “AMT version” of that credit. Even if your AMT comes out to $0, the calculation still needs to be included on your return to show you don’t owe anything. That’s why the FTC module considers you “subject to” AMT calculation rules.   You cannot avoid making the decision on whether or not to choose the Simplified version. Since you are filing Form 1116 this year, the IRS requires you to choose a method (Simplified or Standard) to calculate the AMT version of your credit. This is for this year as well as all future years, even if you did not owe alternative minimum taxes this year.   As far as why this is the "first year" I'm eligible? it could be because.    If in previous years your foreign taxes were under the threshold ($300 individual / $600 joint) and you didn't file Form 1116, you weren't "claiming" an AMTFTC yet—you were just taking the exemption.  The moment your foreign taxes exceed that threshold, TurboTax generates Form 1116 AMT. This is technically the first time the election is available to you. TurboTax sees that no prior return in its history has made this election, so it marks this as your "Year 1. If you truly want to avoid the "once-in-a-lifetime" trigger and your foreign tax paid is only slightly over the $300/$600 limit, some taxpayers choose to voluntarily limit their credit to exactly $300/$600. By doing this, you don't need Form 1116, which means you don't need to calculate AMTFTC, and the election clock never starts. 

It IS a tax refund - a sales tax refund.  It is NOT an income tax refund.  Theses are different categories but the end result is the same and you should select that option from the drop down in order to make sure to remove it from your New York income tax return.

This is for an amended return just to be clear. You think there is no need to attach the spreadsheet showing the processing fees? (And if I did want to attach that do you have any idea which of the two, the "payout reconciliation" or the "balance summary" actually captures the fees I paid in the calendar year? And yeah I entered the gross off the 1099 so I accidentally missed fees.   Sorry, I don't really know this backend stuff well!

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) Or - When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets

To enter a state or local tax refund (Form 1099-G) - 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 Other Common Income On Refunds Received for State/Local Tax Returns, click the start or update button

If it’s asking why you got a 1099G you are in the wrong place.  Delete out of this one.   To enter a state refund just type  1099-G (with the dash)  in the search box at the top of your return and click on Jump To it.   Enter the 1099G under  Federal on left Wages & Income  Scroll down to 1099-Misc and  Other Common Income      You might need click on Show More to expand the section   Then it's the first line for Refunds Received for State/Local Tax Returns - Click Start      You do not want the next line that says Other 1099G Income   On the first screen check YES - Received a State Refund.   But you might not need to enter it at all.   A State Tax Refund is taxable if you itemized deductions on that prior year's federal return and took a deduction for state income taxes instead of the sale tax.  You got a deduction benefit for it so now you have to include it as income. If you took the standard deduction it is not taxable and you don't need to report it.

My return as well as that of my daughters has disappeared as well. Turbotax needs to get on this and fix it asap.  Desktop version, purchased at Costco. Forms were transmitted- Franchise Tax board is now asking me questions about the return, but I can't access the return that was filed.    

If you are asking how to get your North Carolina retirement earnings form (such as a 1099-R for taxes) from the North Carolina Retirement system, you can log in to the ORBIT system for the North Carolina Retirement system.   You can download and print tax forms and income verification letters from this portal.   Log in to your NC 401(k) and NC 457 Plan account to access your necessary forms.   Generally, these forms are mailed to you on an annual basis, usually in January,. You can also access them through the My NC Retirement system.

TurboTax does not track qualified expenses for a 529 distribution.  You are only required to report earnings on a 1099-Q if you have a non-qualified distribution, which is why most taxpayers don't need to report a 1099-Q in their tax return.     TurboTax only asks for expenses (tuition, books/materials purchased from school) that relate to an Education Credit.  The main reason for entering a 1098-T is to determine if there are enough qualified expenses (after subtracting grants/scholarships) to qualify for a credit.   If you know you don't qualify for an Education Credit, you're not required to enter the 1098-T in your return either. However, in the case where Box 5 exceeds expenses, you or your student may have taxable scholarship income to report, so if that applies, the 1098-T reports this for you.    Here's more detailed info on Form 1098-T and Form 1099-Q.    @dkg_oh     

Please clarify your question by adding some additional information so we may better help you. Such as: Did you file your 2024 Federal Tax return? Did you get your 2024 Federal refund? Were you notified that your 2024 tax return was accepted by the IRS? Did you file a state tax return for 2024? Was one due? Did you pay TurboTax to e-file your federal and state tax returns? 

If Estimates and Other Taxes paid doesn’t show up in the list, it may be called "Your Tax Breaks".    There should be a button lower on that page for "Other Tax Breaks" or "Show all tax breaks" or similar words.    That makes the topics expand and opens up more Deduction topics. 

To find the Deductions & Credits section in TurboTax Online and delete or enter your self-employed health insurance correctly, follow these steps: To delete or update the self-employed health insurance amount: 1. Go to the Deductions & Credits section. 2. Scroll down to Business Expenses. 3. Select Edit or Update next to Self-Employed Health Insurance Premiums. 4. Delete the wrong amount or enter the correct amount. 5. Save your changes and continue. To enter self-employed health insurance amounts correctly if you haven’t done so: 1. Go to the Wages & Income section. 2. Scroll to Self-Employment and select your business. 3. Select Edit or Add expenses. 4. Under Less common expenses, find and select Health insurance premiums. 5. Enter the total premiums paid for you, your spouse, and your dependents. 6. Save and continue. This will ensure the deduction is correctly reported on Schedule C and your return.