art555
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- Cheered Re: shame on TurboTax, we're paying you to have a product tha... for AlexanderS08. February 10, 2020 4:25 PM
- Cheered Re: shame on TurboTax, we're paying you to have a product tha... for BillM223. February 10, 2020 4:25 PM
- Posted Re: shame on TurboTax, we're paying you to have a product tha... on Deductions & credits. February 9, 2020 2:10 PM
- Posted Cannot clear form 1116 foreign tax credit error message on Deductions & credits. June 7, 2019 4:37 PM
- Posted Thanks! Because the last time I did receive a 1099-S I ha... on After you file. June 6, 2019 10:05 AM
- Posted Thanks! I too prefer to stay within the 'guide me' side o... on After you file. June 6, 2019 10:05 AM
- Posted Thank you so much. I will save the guidance you provided... on After you file. June 6, 2019 10:05 AM
- Posted I wonder if I am entering in the wrong area? I have been... on After you file. June 6, 2019 10:05 AM
- Posted All the eligibility tests etc. are met as described in IRS Publication 523 "Selling Your Home" but TurboTax says all the gain is taxable. Why? on After you file. June 6, 2019 10:04 AM
February 9, 2020
2:10 PM
Stepped right into this issue today: Wife had HDHP (high deductible health plan) for 9 of the 12 months in 2019 (3 jobs). Husband had full coverage all year under his work (12 months). Somehow, TurboTax assumes the husband now also has an HDHP plan with a lapse in coverage. Cannot figure out how to access and enter for husband to match Form 1095-B. Seems like there should be a way to actually enter directly from the Form1095-Bs for each person, without making an assumption everything is the same for both? Not a problem, if IRS doesn't mind some inaccuracies, but always hate to send a return through with issues like this.
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June 7, 2019
4:37 PM
Using Premier for 2018 taxes. Form 1099-DIV, downloaded, had $2.38 in foreign tax paid. An error message comes up in review suggesting I need to do something to trigger form 1116. I've tried for a few hours but nothing works. I even went back to the step by step to guide through, but nothing works and the error keeps coming up. I've been ready to file but hate to do so with an error that can't be fixed. Here's what comes up: "Check This Entry. Schedule B form 1099-DIV Foreign Tax Sch A box or Form 1116 copy should be entered. Return to the place where this was entered to correct the entry." I downloaded the form. Not sure what else to try to correct???
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June 6, 2019
10:05 AM
Thanks! Because the last time I did receive a 1099-S I had to exit the TurboTax guide and manually complete Form 8949, then transfer that into Schedule D. Premier didn't guide through that process so am glad to not have to go through all that this time. Your answer is very much appreciated. Thanks!
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June 6, 2019
10:05 AM
Thanks! I too prefer to stay within the 'guide me' side of using TurboTax. Unfortunately, I could not get accurate results using the guide process. I deleted, started over, several times, searching every line for something I might have missed, but no luck. For now, I see no way around it, but to go directly into Forms. Hopefully, by the time I have to do this again, there will be some tweaks to Turbo Tax so the guide can be used. I've been doing all the updates to Premier, but I can't successfully replicate the earlier suggestion for using the guide. I used to do all the forms by hand, prior to TurboTax so fortunately know my way around the forms.
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June 6, 2019
10:05 AM
Thank you so much. I will save the guidance you provided should I have to do this in the future. I deleted the information TurboTax created and started over as you suggested, going directly into Forms, and then adding the Home Sale Worksheet. Once filled out everything came out as expected. I wonder if TurboTax might add some guidance to help others -- maybe instead of guiding as it does now, directing, like you said, to go directly to Forms. Your suggestion is the only one that worked for me. Thank you!!! P.S. I had tried deleting everything created in TurboTax before and started over but that process didn't work. Only going directly to Forms worked.
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June 6, 2019
10:05 AM
I wonder if I am entering in the wrong area? I have been going to 'Less Common Income', then 'Sale of Home'. Under 'Sales Information' the box appears with 'Did your receive a Form 1099-S that reported this sale?' I ran through all the steps with the box checked, and I ran through all the steps with the box not checked. In both cases, all the gain was treated as taxable, and the tax due shot up dramatically. So, I must be entering in the wrong place?
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June 6, 2019
10:04 AM
Property sold in 2017. Owned for 3 years. Lived in for 3 years. IRS Publication 523 seems clear. Yet, when entering in TurboTax, the gain is shown as taxable. I've double checked requirements etc. I'm beginning to wonder if TurboTax has incorporated the changes that go into effect with the 2018 tax law?
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