It depends. If you have a situation that requires Schedule 1 to be filed, you'd report that situation in the appropriate section of TurboTax. Schedule 1 is created by what you enter into  your tax return. It's not a form that you receive and enter into TurboTax. ... View more

I don't see how making an entry in one online program would affect the other one, but I can see that both programs do look alike. To make sure that you're working in the correct country's program for Canada the url (address at the top of the screen) would include .turbotaxonline.intuit.ca  and for the US version it would include .turbotaxonline.intuit.com.  ... View more

@ibgendlek, did you scroll all the way to the bottom of your screen? You should see Your Tax Returns and Documents at the bottom of the screen you are showing. ... View more

No, you would have to set up a separate account for US and/or Canada. ... View more

@Mamamax: See these links to manually update your software:   Business   Windows Software (Basic, Deluxe, Premier, Home & Business ... View more

@PaulQ you will see the rent deduction in your Massachusetts return on the screen Additional Massachusetts Deductions. ... View more

The Blended tax rate is a determined by the your income tax divided by your adjusted gross income.  So you could effectively have the same or about the same amount of income year over year and have a higher blended rate tax rate due to the make up of your income.  If you have capital gains, they are taxed at a different rate then ordinary income.  If you have self employment income, there is additional self employment tax associated with that.  If you had a dependent that turned 17 or maybe did not pay as much child care, losing those tax credits will increase your tax amount and thus the effective or blended tax rate.   I would recommend reviewing your 2019 and 2020 returns side by side and see if: Were there any changes in the composition of your total income.  Did the types of income change.  Did your total income go down or up. Review your tax credits.  Was the amount less for 2020. Review you tax amount.  If you earn more income, you will be pushed up into higher marginal tax brackets which will result in a higher blended rate. Click Here for some more information on effective tax rates ... View more

You will need to report on your 2020 tax return what is included in box 1 of your 2020 1099G.  There are many instances where overpayments from the Pandemic Unemployment Assistance are being waived by the states.  I would recommend including in income what is reported on your 1099G and if you are later deemed to owe those amounts back in a later year, here are your options:   Repayment of $3,000 or less - If the income was reported as wages, unemployment, or other nonbusiness income, no deduction is allowed.   Repayment more than $3,000. The taxpayer can choose to either: Claim a deduction. If the amount is another itemized deduction, report the deduction on line 16, Schedule A (Form 1040),or Claim a credit. Claim a credit for the amount repaid by calculating the tax from the earlier year without the income that was later repaid. Subtract the recalculated tax from the tax shown on the original return and report on line 13, Schedule 3 (Form 1040). In the 1099G unemployment benefits input screens in TurboTax, you will be lead through the process of entering any repayments you made in subsequent years. Click HERE for more information on entering Unemployment Benefits in TurboTax ... View more

It depends. If your settlement document (also referred to as closing document) is signed and dated before the end of 2020, this would be considered a 2020 refinance. I would recommend that you inspect the documents that you signed on December 29 to confirm that these are in fact closing documents.    If you are unsure of the date, you should contact your loan administrator or servicer, or your monthly mortgage statement. You may also find this information on Form 1098, box 3.  See this link for more information. Where do I enter my 1098 mortgage interest statement...   Also, you can refer to IRS Publication 530, page 5 for more information.     ... View more