CarryOvers: From TaxAct to TurboTax

[ashburnconsulting]

Hi,

Just migrated from TaxAct to TurboTax (desktop-Deluxe) to prepare my 2019 personal tax return.

I was able to import my 2018-pdf-return into TurboTax, but need assistance on:

1. How to put Carry-Overs (forms: 1116, 1116-AMT, 4562, 8582, etc.) into TurboTax?

2. How to complete (forms: 1116, 4562, 8582)?

3. What is support tel# for desktop-Deluxe?

Thanks.

[JotikaT2]

To report your foreign income, you can enter those as you enter your information for the current year.

1. Log into your TurboTax program
2. Select the Personal tab
3. Select Personal Income
4. Scroll down to Less Common Income 
5. Select Foreign Earned Income and Exclusion
6. Proceed to enter your foreign income as applicable

For any carryovers of foreign tax credits, you will enter those as follows:

1. Select Deduction & Credits under the Personal tab
2. Select I'll choose what I work on
3. Scroll down to Estimates and Other Taxes Paid
4. Select Foreign taxes
5. Proceed through the screens and answer the questions.  
6. You will see the following screen where you can enter your carryover amounts from prior years

The information for your depreciation will depend upon what form you were reporting the assets for.  For example, if the assets are related to a rental property, you will enter this information in the Business Income & Expense section and select Rental Properties and Royalties to enter you asset information.

You will follow the same method to find each of the the remaining topics you inquired about.  You can also use the Search feature in the top right hand corner of the program to find help or jump to features for each form.

If you need help with the program, click the Help button on the top menu bar.

1. Then select TurboTax Help Center.
2. A popup window will pop up and allow you to type in a search or ask for help.
3. Once you type in your information here, you will also be prompted to have someone call you if needed on the next screen.  You will need to enter your information in this section.