Report your foreign dividends, gains, losses, and foreign taxes in the appropriate section of TurboTax, even if you did not receive a tax document.  For example, you will report your dividends in the "Interest and Dividends" section.  You will report your investment sales in the "Investment Income" section.  You can include the foreign taxes paid that pertain to the investment income in the corresponding section as well.  The foreign tax information will then flow to Form 1116.  Here you will be prompted to answer questions about the foreign taxes you paid.   For additional information, see TurboTaxMargaretL's excellent response to a similar question below. https://ttlc.intuit.com/replies/5269596 ... View more

I'm not certain of your question, but I will share what I know about tax-exempt bond interest.  Generally, states will exempt only their states municipal bond income.  So if you live in a state that has an income tax, and you own municipal bonds issued by another state, the interest will be taxable to you in your state.   If the tax is significant, start investing in your own state's municipal bonds.  Also, states exempt bond interest issued by U.S. territories such as Puerto Rico, Guam, and the U.S. Virgin Islands.  If you live in a state that has a high-income tax rate or you are in a high tax bracket, it is advantageous to invest in your state's bonds and bonds issued by U.S. territories. ... View more

You will mail in the 2016 Form 5329 separately (without amending your 2016 tax return).  If you provide a reasonable explanation, and any documentation to support your RMD omission, the penalty may be waived.   Remember, you need to take the missed RMD as soon as possible if you haven't done so already.   Keep in mind, if you have other retirement plans, the combined RMD amount can be taken from one account.  To do this, you would total all account values and then determine the RMD amount using this combined total.  The combined total value is based on "the account balances" at the end of the prior calendar year.  For your 2016 RMD, you will use the December 31, 2015 balances to determine your RMD amount.   I'm sharing this because you may have taken an RMD for another account.  Perhaps there was excess that could apply towards your deferred compensation account RMD.  Fingers crossed.  Also, you will not mail the 2016 Form 5329 with your 2017 return.  ... View more

Yes, you can claim your son via Form 8332 and receive the CTC and his exemption.  Unless you are single and have other children living with you, you will not use the Head of Household filing status.  You are also not eligible for the earned income credit or the dependent care credit.  The dependent needs to live with you for all of these.   You will e-file your tax return.  You will then need to complete and print Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return with the box checked for:   Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent (or certain pages from a divorce decree or separation agreement, that went into effect after 1984 and before 2009) (see instructions)   The IRS mailing address is on Form 8453. ... View more

In order to report the distribution for 2017, it needs to have taken place in 2017.  You will use the date of distribution, not the date you were paid, to report this transaction.  You did receive a 1099-B or another tax document, correct?  If you did not receive a tax document, consult with the WHFIT custodian to determine the tax year this distribution should be reported. ... View more

There is an easier way!  You do not need to re-enter all of your information again.  To import your 2016 information, follow the steps in the TurboTax FAQ below.     https://ttlc.intuit.com/replies/3302260 ... View more

I like your optimism!  Amending a tax return is not necessarily complicated, but it is foreign to most taxpayers.  But yes, you would simply select the option to amend your return, and update any necessary information on your federal.  When you get to NY, TurboTax will ask questions about your NY income.  Then you can go revisit your CA return as you should be entitled to a tax credit on your CA return for the tax paid on income earned in NY.   See the TurboTax article below for more information.   https://turbotax.intuit.com/tax-tips/state-taxes/multiple-states-figuring-whats-owed-when-you-live-and-work-in-more-than-one-state/L79OKm3jI ... View more

You will only mail in the 1040X for the tax year you are amending.  In your case:  2016.  Not sure how and why the 2017 1040X appeared online.  ... View more

You are correct, you should not enter this information twice.  Report your foreign dividends in the 1099-DIV section of TurboTax, even if you do not have a 1099-DIV tax document.  You can include the foreign taxes paid in this section as well.  TurboTax will then carry over the information to Form 1116, where you will answer more questions about the foreign taxes paid when you revisit that part of your return.   For additional information, see TurboTaxMargaretL's excellent response to a similar question by clicking the link below.   https://ttlc.intuit.com/replies/5269596     ... View more

That's interesting.  For the most part, Box 14 on your W-2 does not impact your refund as the entry provided by your employer is for informational purposes only.  If the code listed in this box on your W-2 is not an available code in TurboTax, then the Other category would be the most appropriate choice.   Click this TurboTax FAQ for more information:  https://ttlc.intuit.com/replies/3301932 ... View more