All Deductions & credits posts

Re: where do i enter invesment advisor expenses for CA

JohnB5677 — Sun, 12 Apr 2026 14:26:46 GMT

Although California doesn't follow federal law regarding miscellaneous itemized deductions, enter them in the Federal section:

Under Federal

Deductions & Credits
Retirement and Investments
Other Investment Expenses.

TurboTax will carry these to your California return,

This will be on your Schedule CA,
Under miscellaneous itemized deductions.

Re: I already pay car taxes brought me car for work. 528.28 pay taxes on nc property in NC

Vanessa A — Sun, 12 Apr 2026 14:22:46 GMT

Please explain what your question is.

Yes, you will need to enter or upload your W-2 to TurboTax to file your taxes. Your car taxes are only relevant if you are itemizing your return instead of taking the standard deduction. If you don't have a lot of other itemized expenses which include medical expenses and donations to qualified charities, along with state and local taxes, then you would likely be taking the standard deduction and not need to enter anything about the car taxes.

However, if you purchased a new car in 2025, it is possibly you would be able to deduct the interest paid on the loan. The interest deduction is capped at $10,000. This is an above the line deduction, not a credit meaning it will lower your AGI and taxable income. It will not be an amount that is refunded to you, but it could result in a refund by lowering your taxable income.

Standard Deduction vs. Itemized Deductions: Which Is Better?

Re: Turbo Tax is giving me an error for one of my kids saying "Person on the Retun Worksheet (Chi...

LindaS5247 — Sun, 12 Apr 2026 14:19:18 GMT

If you are getting enrollment status must be entered in your TurboTax program, it usually happens in TurboTax when a Form 1098-T is entered without specifying if the student was at least half-time. Be sure to re-select your enrollment status (For example: at least half-time, full-time, or less than half-time).

To fix this, you can delete and re-enter your Form 1098-T using the steps listed below.

To delete Form 1098-T if you are using TurboTax Online:

In your left panel of your TurboTax screen click on "Tax Tools"
And then Click on "Tools"
Click on "Delete a Form"
Scroll through your list of Forms
Click the garbage can next to "Form 1098-T"

To delete Form 1098-T if you are using TurboTax Desktop, you can:

Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode"
In your left panel scroll down and look for "Form 1098-T"
In your right panel at the bottom of Form 1098-T, click on "Delete Form"
Click on "Yes" to confirm the deletion.

To re-enter your Form 1098-T and review your entries, you can:

Click on Search at the top right of your TurboTax screen
Type Form 1098-T in the search box
Click on the link Jump to Form 1098-T and Enter
Your screen will say Did you have education expenses? Answer Yes and Continue
Your screen will say Tell us which person was a student in 2025 Answer and Continue
Your screen will say Let's get XXX education info Was XXX working on an Associate, Bachelor or Graduate Degree Answer Yes and Continue
Your screen will say Did XXX have any of these common situations in 2025?Answer and Continue
Your screen will say Did XXX have any of these uncommon situations in 2025? Answer and Continue
The following screen is What was XXX's enrollment status in 2025? Answer Full-time, At least half-time or Less than half-time and Continue
Continue through your TurboTax screens and make sure all follow-up questions were answered correctly

In some cases, deleting the student as a dependent and re-adding them, then re-entering the 1098-T, is necessary to resolve the issue.

Re: Foreign Tax Credit in 1116.

vickymj23 — Sun, 12 Apr 2026 14:12:05 GMT

some additional info - I looked at the foreign tax credit computation worksheet and on 1k - There is a signifcant adjustment required for QD/LTCG (almost 60%). Is this correct ? As a result a lot of the credit is carryover to 2026.

Re: How can I edit check the box to show we lived in our main home,the U.S. for more than half of...

DawnC — Sun, 12 Apr 2026 13:59:55 GMT

Yes, you may need to file an amendment if you filed before a software update was made. Here are the instructions to amend your 2025 return in TurboTax. @shazzaxx

Re: How can I edit check the box to show we lived in our main home,the U.S. for more than half of...

shazzaxx — Sun, 12 Apr 2026 13:53:56 GMT

I filed my return before turbotax fixed this bug, and now my return transcript state NO when it should be YES for 'main home in us'. I feel like this is keeping me from being able to set up a preauthorized payment plan with the IRS and that it is delaying processing of my return. Can I use TurboTax to amend my return. Can I call TurboTax for help; with this issue and will they help me?

Foreign Tax Credit in 1116.

vickymj23 — Sun, 12 Apr 2026 13:44:13 GMT

Hi - Hoping someone can help me. Here is my situation

1) I had interest from Foreign (India) Banks in all of 2025 that had TDS (tax deducted at source). I have disclosed this in Interest & Dividends - Interest on 1099 (although ii dont have 1099).

2) I sold my Indian rental property in April 2025. I disclosed this information in the Rental Properties & Royalities including 2 months of rent i had on this property. It appears the information has made its way to the Sale of Business Property

3) Where i am struggling is the Foreign Tax Credit.

1) Do u want deduction or tax credit - Take a credit

2) Reporting Foreign Taxes Paid - continue

3) where did u receive interest income from - India

4) income from foreign countries - India

5) Report Income - Select the Interest reported in 1099-INT section

6) Foreign Source Income - Your reported x of total interest. how much was from India - I entered x (all of it)

7) Do u want to review your entries (already done) - No

😎 First Year you are eligible ? - Not sure what I pick . I didnt pick this last year. For now I picked - I Chose not to use this selection in 2024 or earlier

9) Other calculation

10) Completing Forms 1116 - Continue

11) Passive Income - > India -> Other Gross Income- Enter Income not in 1099-INT/DIV/2555/K1. Do i enter the capital gain that was reported in Sales of Business Property ? For now I did

12) Definitely Related Expenses - Added all expenses related to Legal/Travel/Repairs etc - Adjustment against Gross income

13) No Foreign Losses

14) Foreign Taxes Paid - No, I have foreign taxes paid on rental, etc

15) Entered value of Foreign taxes on other income and Date paid.

16) AMT - India. Not sure what to enter . left it blank - please advise

17) This is where i am getting lost. Now it is asking me for Foreign qualified dividends/LT Capital Gains - Total Foreign Income (Interest Income + Gains from sale of property). What do I enter forForeign qualified dividends/LT Capital Gains - Should be it the full amount or only the amount of Gains from sale of property

After all this when i see form 1116, the information seems to be incorrect. Thanks for all ur help.

Re: how can i delete form 2555? The tools / delete option is not showing individual forms

JamesG1 — Sun, 12 Apr 2026 13:39:07 GMT

In TurboTax Online, under Tax Tools / Tools / Delete a form, I am able to view and remove Form 2555: Foreign Earned Income.

There may be multiple pages to view for the various Federal forms available to remove.

Re: contributing to a qualified HSA for tax benefit

CesarJ — Sun, 12 Apr 2026 13:38:35 GMT

Yes. You can still contribute to a qualified Health Savings Account (HSA) for a tax benefit. Contributions for the 2025 tax year can be made up until the tax filing deadline on April 15, 2026.

This means contributions made in March or April of 2026 can count for your 2025 tax year, potentially lowering your taxable income.

For 2025, the maximum contribution limits are $4,300 for individual coverage and $8,550 for family coverage, with an additional $1,000 allowed if you're age 55 or older.

Remember, you must be covered by a high-deductible health plan (HDHP) to contribute to an HSA and qualify for the tax benefit.

Re: Foreign tax credit

user17759445623 — Sun, 12 Apr 2026 13:37:34 GMT

As an update i have now played with the program and did not report my foreign income in the income section, but did list it in the deductions section. But this did not fix the problem because in the deductions section it still states my gross income to be about 40k more than it should be and then when i go to the federal summary section it doesnt include my foreign income which i thought I reported in the dedections section.

Meanwhile tt is giving me badges for participation points. Would really prefer a software program that is intuitive and without glitches.

contributing to a qualified HSA for tax benefit

hawes2442 — Sun, 12 Apr 2026 13:34:12 GMT

Is this still allowed, I have done this in years past in March and April

Re: How can I edit job-related expenses?

JohnB5677 — Sun, 12 Apr 2026 13:26:31 GMT

Employees that get a W-2 cannot deduct unreimbursed job-related expenses. Self-employed individuals and independent contractors can.

However, this is how to edit Job-related expenses

Under Federal
Deductions & Credits
Employment Expenses
Job-related Expenses.
On the summary screen, you can click "Edit"

Re: Which TIN, for a foreign payer that doesn't have TIN (substitute 1099-R), passes best IRS fil...

DawnC — Sun, 12 Apr 2026 13:14:17 GMT

No. Returns including Form 4852 can't be e-filed because of IRS regulations. How do I file a substitute 1099-R?

Re: If my condo replaced the roof from a settlement since Ida and the homeowners still had to pay...

AnnetteB6 — Sun, 12 Apr 2026 12:53:25 GMT

If the condo is your personal residence, then your share of the roof replacement is not deductible on your tax return.

If the condo is a rental property, then your share of the roof replacement is a rental expense.

Re: Foreign tax credit

user17759445623 — Sun, 12 Apr 2026 12:47:50 GMT

Thanks this is helpful and having a good idea of the tax implications I am pretty sure that FTC is the best way forward. But it seems that turbo tax is double counting my foreign income because in the FTC section it says my gross income is more than it should be and then it kicks me into Alternative Minimum tax.

In order to get TT to allow me to use the FTC interview I have to have foreign income reported in the Income section. I have tried just not reporting the foreign income in the income section and it just wont let me proceed with the FTC interview. How do I get the turbo tax program to recognise that the foreign income I declared in the income section of the TT prompt interview (and yes I declined to take the Foreign Earned Income Exclusion) is the same income that is then reported in the deductions section which deals with Foreign Tax Credits? Currently it is double counting that income and not carrying it over. Because it doesn't carry it over into the deduction section I am prompt to re-enter the same foreign income amount and then state the amount I paid in foreign tax. It does carry over foreign income associated with dividends from my stock account but wont carry it over for my wages from my foreign job. Again, I get that I can choose either the FEIE or FTC. My issue is not with the tax question it is literally how to use the TT program. Thanks again for any help that can be provided! really appreciate it!

Re: Premier online preventing me from itemizing

Clinton Ivins — Sun, 12 Apr 2026 12:39:08 GMT

Maglib, thank you so much for your prompt response. The online version has appeared to me to be so opaque, because I have been so accustomed to toggling back and forth on the desktop version between interview and forms mode in order to check how my responses were being used and interpreted. I didn't realize that I could view the return image before filing.
With your help I was able to do so. What I found was that, despite TT persistently indicating that I had selected the standard deduction and that it was using the standard deduction, it, in fact, was using itemized deduction.
I suspect that many people who have asked similar questions on this forum actually were encountering misleading prompts and responses, rather than TT's refusal to accept the user's itemized deduction preference.

Re: Married Filing Separately - Mortgage Interest Deductions (Form 1098)

NCperson — Sun, 12 Apr 2026 12:37:02 GMT

@rst2026 yeah - your 8a / 8b appraoch makes sense.

And PSLF loans remain tax free upon foregiveness (as they are covered under separate laws from the law that just expired). The rest are all now taxable again- and I wonder if those filing MFS to keep their payments low have considered that in their math.

Re: Section 179 depreciation and Special Depreciation Allowance

AnnetteB6 — Sun, 12 Apr 2026 12:32:11 GMT

Yes, if you take the Section 179 option, then bonus depreciation does not apply.

@hntrust

Re: total vehicle deduction is zero

Vanessa A — Sun, 12 Apr 2026 12:26:33 GMT

It sounds like you may be answering a question to tell the program that you have 0 miles for the vehicle that are business use. Double check your answers to be sure that when it is asking for total miles, commuting miles and business, be sure that the miles are entered as business miles not commuting miles. Note, commuting miles are not deductible.

Re: Married Filing Separately - Mortgage Interest Deductions (Form 1098)

rst2026 — Sun, 12 Apr 2026 12:09:43 GMT

@NCperson Thanks for the reply. It is for student loan purposes, and as far as we know the loan forgiveness would be tax free (PSLF).

One additional question-- if my wife enters the 1098 manually, I assume this would show up as an entry in Schedule A in row 8a. For her, would it be more appropriate to enter it in 8b somehow (and my entry would be in row 8a)?