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- Got Cheered for Re: Exceeded 401k Contribution. What should I do?. yesterday
- Got Cheered for Re: QCD from an IRA.. December 3, 2020 5:21 AM
- Got Cheered for Re: Under the CARES ACT how does taxes apply for a withdrawal from a 401k? I heard you can spread.... October 22, 2020 11:17 AM
- Got Cheered for Re: Under the CARES ACT how does taxes apply for a withdrawal from a 401k? I heard you can spread.... October 22, 2020 10:15 AM
- Got Cheered for Re: Can I give out Form 1099Misc as an individual and not as a registered business to someone who.... October 17, 2020 10:31 AM
- Got Cheered for Re: Under the CARES ACT how does taxes apply for a withdrawal from a 401k? I heard you can spread.... October 1, 2020 7:36 AM
- Got Cheered for Re: I forgot to sign my tax return and it has already been mailed. What will happen?. September 16, 2020 10:35 AM
- Got Cheered for Re: Calculate depreciation for rental property?. August 14, 2020 1:52 PM
- Got Cheered for Re: Installment Sale Income - IRS Form 6252. August 14, 2020 3:53 AM
- Got Cheered for Re: How can I remove QBI from my return. I do not want to claim it as I just realized I don't hav.... July 15, 2020 9:11 PM
- Got Cheered for Re: Online Selling Qusetions (Ebay and Redbubble). July 15, 2020 3:55 PM
- Got Cheered for Re: If you are in your first college year at the start of 201.... July 15, 2020 2:10 PM
- Got Cheered for Re: What should I do for "total section 179 carryover does not match the sum of section 179 carry.... July 12, 2020 4:13 PM
- Got Cheered for Re: No, these checks are not income. However, if you are a ho.... July 12, 2020 8:12 AM
- Got Cheered for Re: I own a few rental properties, should i use schedule C or schedule E? what are the advantages.... July 12, 2020 6:18 AM
- Got Cheered for Re: If you need the certification to meet the minimum require.... July 11, 2020 10:41 PM
- Got Cheered for Re: Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A. July 9, 2020 4:34 PM
- Got Cheered for Re: How do I file a CRP Form and M1PR?. July 8, 2020 5:10 PM
- Got Cheered for Re: Yes you can claim the interest. This deduction lets you c.... July 6, 2020 7:02 PM
- Got Cheered for Re: Best Filing Status. June 16, 2020 8:47 PM
April 16, 2020
6:24 PM
1 Cheer
You are not required to use consecutive qualifying periods: " In determining whether the 12-month period falls within a longer stay in the foreign country, 12-month periods can overlap one another." Example: You live, work, and have a tax home in New Zealand from January 1, 2019, through August 31, 2020, except that you spend 28 days in February 2019 and 28 days in February 2020 on vacation in the United States. You are present in New Zealand for at least 330 full days during each of the following two 12-month periods: January 1, 2019 - December 31, 2019, and September 1, 2019 - August 31, 2020. Your qualifying 12-month period for 2019 is January 1, 2019 – December 31, 2019. For 2020, you may choose September 1, 2019 – August 31, 2020 as your qualifying period. Refer to Chapter 4, Figure 4-B in Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad. See Foreign Earned Income Exclusion - Physical Presence Test @afors
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April 16, 2020
5:59 PM
If there was a ROTH account, the contributions if qualified are not taxable- TurboTax determines this by the code in Box 7.
@wandalenox
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April 16, 2020
5:55 PM
1 Cheer
If you need to complete the Form 8862, go to Other Tax Situations. See Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance
@douglas71
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April 16, 2020
5:52 PM
1 Cheer
If you qualify for the physical presence test, you can use the Foreign Earned Income Exclusion for 2020 by using different qualification dates (you must be outside the U.S> for 330 days in a 365 day period, but it does not have to be a calendar year). By using an October 2019 to October 2020 qualifying period, you will be able to exclude the income prorata, and not disqualify you for the five year period.
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April 16, 2020
5:48 PM
To remove the Ilinois state tax return, see How do I delete my state return in TurboTax Online ...
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April 16, 2020
4:04 PM
It will help yu track your return. You can go to Let's track your tax refund.
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April 16, 2020
3:45 PM
You should prepare the amended return in TurboTax following the instructions, there is a possibility that your tax may not change.
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April 16, 2020
3:39 PM
Did you follow these steps? How to amend (change or correct) a return you alre ...
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April 16, 2020
3:05 PM
1 Cheer
No, if it was a rollover, it does not have to be reported to Illinois.
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April 16, 2020
2:27 PM
You will need to file a Form 8862. It can be found under Other Tax Situations.
See Filing Tax Form 8862: Information to Claim Earned Income Credit after Disallowance
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