Yes University of Missouri pension is a public pension.  A possibly misleading statement was made about private pensions.  Please note that Missouri also gives tax relief for private pensions on Form MO-A Part 3 Section B, but the income limits for the private-pension benefits are not as favorable at those for public.  Military (public) pensions get the most favorable treatment on Form MO-A Part 3 section D. ... View more

     I understand your discomfort.  With so many different types of MAGI, it is hard to make decisions.       My experience in this area resulted from appealing to a lower IRMAA due to a life-changing event.  You can find the rules at this link, and the information at this link more clearly defines the rules.     https://www.ssa.gov/forms/ssa-44.pdf      Please look on page 6 of 8 in the first paragraph of Step 2.  There it clearly states, "Your MAGI is your adjusted gross income as used on line 37 of form 1040 plus your tax-exempt interest income as used on line 8b of IRS form 1040."  The line numbers refer to forms prior to TY2018, but the method appears to be clear.      Also note Step 3, on page 2 of 8, of ssa-44 for entering the data that defines MAGI for the purpose of IRMAA.  It only uses AGI and Tax-Exempt Interest income.  The terms AGI and Tax-Exempt Interest Income repeat the definitions located near the bottom of Page 6.   And just in case we didn't get the messages, SSA again defines the definitions for Step 3 in the Instruction section on Page 7 of 8. So I think the definitions in SSA-44 logically indicate that the untaxed portion of Social Security is not added into that MAGI.   I'm not aware of any changes to the rules, but please understand that I can't know what I don't know. I share your discomfort becaues an error comes with a loss of money. ... View more

     Hmmmmm.  For some reason, my previous post, which tried to explain the data entry process, disappeared. So I will reenter here.  (I will keep this one shorter.)      Enter all data on the 1098-T exactly as provided.  However, use the link under Box 1 on the 1098-T labeled, "What happens if this is not what I paid to this school?"  Click the link and enter what you really paid for tuition in 2018.  You should have financial records to back up your numbers.  It is OK to use your numbers because you will often have better numbers than the school--especially in cases where you pay in December 2018 for the upcoming semester or quarter.       When your data entries are completed, I recommend that you take a look at the worksheet in TurboTax.  Get to the worksheet by selecting "View/Forms" or using Ctrl-2 in Windows. Look at the form named 1098-T Wks.  The number you entered (after clicking on, " What happens if this is not what I paid to this school?") should be on Line B for the "Reconciliation of Box 1".  Line A will only have a number if you entered a lower number than the school showed.      Again, enter the 1098-T data exactly as provided, but use your own records when you know the correct tuition.  The IRS rule is that the tuition counts in the year that it is paid.  And if you pay in December 2018 for classes starting during the first 3 months of 2019. then that payment goes into the return for tax-year 2018. ... View more

NC person.  Thank you.  I am not always correct so we need to always work together  to be correct.  Please know that I have followed many of your posts and you have taught me several things.  I admire your work.  🙂 ... View more

     OK.  Here I will try to guide you through the data entry process.  First, you need to know what you paid and when you paid it. You need to know scholarships and when they were paid.       Again if you paid in December 2018 for qualified tuition to go to school in 2019, then the IRS tells us to record that payment as a 2018 expense. It is OK to pay in December for expenses for the 1st 3 months of 2019.  But if you pay in 2019. then those expenses are for next year.      You should normally enter the 1098-T via the path Deductions & Credits/Education/Expenses and Scholarships (Form 1098-T).  When you get into the 1098-T data form, then enter the data exactly as written on your 1098-T.  Whatever it says for Box1, then put that number in Box1 in TurboTax even it is not a correct number.   TurboTax gives you an approved method to fix incorrect numbers.  (Note that my version of TurboTax has a note next to an orange-colored Boxes1-6 tells that reporting varies by school.)     Here is the thing you need to do to insert the correct tuition.  Look for the words, "What if this is not what child paid to this school?"  (You see, they know that the Box-1 data is often wrong.) This is the situation where your own records are what will really count.  You will need to know your 2018 tuition payments better than the school.  And from what you write, you do.  CLICK THAT LINK below the Box 1 entry on the 1098-T page, and then a box will appear that lets you insert the true number for your 2018 tuition.  Be sure to enter all of the rest of the information from the 1098-T--especially Box 8 because if that Box is inadvertently missed then results might get confusing.      I recommend that after all is entered, you should then look at View/Forms (Thin black colored menu near the top of the window.)  Then look for the form named 1098-T Wks for the school. Immediately below the numbered boxes in that worksheet, you should see a section titled "Reconciliation of Box 1, Payments Received for Qualified Tuition Expenses."  Box B gets populated with the your corrected number for tuition.  Box A will only have a number if you enter a number lower than reported by the school.  The Box 5 Scholarship and Grants information gets corrected in a similar manner.  There is nothing unusual about this process, and you should be fine as long as you have your records to document the true numbers.      Your school is not unique.  I have prepared many of these education credits, and I find that the numbers on the 1098-Ts are more often wrong than correct.  I always ask clients to bring their bank records along with the school financial records so that we can unscramble the mess and get to the truth that will hold up if ever audited.       ... View more

     Please see Publication 970, Chapter 2, Page 14, left column.  The rule is buried in the AOC section, but it applies to LLC too.  It states, " Qualified education expenses paid in 2018 for an academic period that begins in the first 3 months of 2019 can be used in figuring an education credit for 2018 only. See Academic period, earlier. For example, if you pay $2,000 in December 2018 for qualified tuition for the 2019 winter quarter that begins in January 2019, you can use that $2,000 in figuring an education credit for 2018 only (if you meet all the other requirements)."      Then look at the big CAUTION SYMBOL  that more clearly defines this issue that says, "You can't use any amount you paid in 2017 or 2019 to figure the qualified education expenses you use to figure your 2018 education credit(s)."      You can also look at Chapter 3 for the Lifetime Learning Credit on Page 24, right column where it says, "Generally, the credit is allowed for qualified education expenses paid in 2018 for an academic period beginning in 2018 or in the first 3 months of 2019. For example, if you paid $1,500 in December 2018 for qualified tuition for the spring 2019 semester beginning in January 2019, you may be able to use that $1,500 in figuring your 2018 credit."     So to translate, if paid in 2018, then use it in 2018.  If paid in 2018 for a winter/spring session, then the payment is deemed to have been paid for a qualified education expense.  Even though the school session might be 2019 it is deemed to be OK for a 2018 expense.  The text and caution symbol and the examples make this fact abundantly clear.     The IRS acknowledges this problem in Pub 970 on Page 3 where it states, "However, the amount on Form 1098-T might be different from the amount you actually paid and are deemed to have paid."      Therefore, when claiming payments for tuition credits, one should use the truth and should not claim the credit using incorrect information.  The IRS rule is to use the date of the payment.  It is OK to pay in December and claim in that year because the IRS deems that to be OK.      I generally see people taking the AOC, this is usually not a problem because the credit tops out after spending $4000 on tuition. For most schools, that is only one of the two semesters.  So when the 1098-T gives $4000 or more, and if one really did pay the $4000 or more for tuition and books in the tax year, then we can just enter the $4000 number for AOC tuition, and we move on.      And while books are not qualified educational expensed for LLC, BOOKS ARE QUALIFIED EDUCATIONAL EXPENSES FOR AOC.   Housing is not qualified for either LLC or AOC, but housing is qualified (with some limitations) for 529 spending.               ... View more

The non-business energy credit was extended by Congress last year after filing for the 2017 tax returns had already started, Yes, if your situation and the insulation meets the requirements, then your 2017 return can be amended.  Here is a link with basic information: https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualify/L5rZH56ex   ... View more

Since this is not a business, and there is no 1099, I would put the $250 into Line 21 of Schedule 1.  Do this by going to personal income/less common income/miscellaneous income/other reportable income. Click that you had taxable income.  You should get to a page with 2 entries to enter data. For the "Description" enter something like School Psych Study.  Then enter the amount.  Check Line 21 of Schedule 1 to be sure the value went to the desired location in the return. ... View more

     The money that your husband sends is not reported on either your tax return or his tax return.  It is neither income nor a deduction. ... View more