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Form 712 is a statement of valuation to be used in filing a Form 706 Federal Estate Filing or equivalent state-level estate or inheritance tax filing if the Estate is liable because of total valuation of the Estate or by local state law. It is not an Income Tax filing or information.
How do I report errors in the way TurboTax fills out form 2555 foreign earned income. I think nobody at TurboTax has tested it. @GeneraleJDC , first , why are you using Bona-fide resident ( which needs IRS approval but no requirement of 330 days abroad ) rather than Physical Presence which does require the 330 days of physical presence test ?
Expert Alumni. The program fills out form NJ-2450 automatically, even if you didn't exceed the limit with 2 or more employers. If you've exceeded the cap on FLI, SDI, or SUI, the excess is credited on your NJ return. You don't need to manually complete this form. You just need to ensure that you enter the appropriate dropdowns for Box 14 of ...
Thank you for responding and offer of assistance. I updated my TT software (Mac OS) and redid the form via the interview and the problem, an incorrect entry on Part A line 3 has corrected itself upon reopening and is now consistent with the easy steo interview calculation and my calculations on a downloaded IRS form 8889.
How does Turbo Tax incorrectly fill out the form? I ran a sample test in my program and recorded information that was strictly under my name and received the full amount of the credit. I ran this in Turbo Tax Online thus if you were using the software version, this may make a difference.
Your community property income will be your normal income for the year plus or minus an adjustment for your community property income. The adjustment would typically only apply to the income during the time you were married. So, add both of your incomes together for the time you were married and divide that by two.
I had to read the instructions form a few times before I felt that I understood all the legal BS in the instructions form. If I gift again, I see that will require the resurrection of the filled-out form and a little more work will be needed the next time. Always keep gift under 15K is a lesson learned if you want to keep taxes simple.
But for 2020, Form 8962 is not used if you received excess Advance Premium Tax Credit, because you don't have to pay back the excess. So Form 8962 will only be included in your tax return if you are entitled to additional Premium Tax Credit. TurboTax always fills out Form 8962 when you enter your 1095-A.
My teenage son's employer sent a W-9 form to fill out. I am claiming him as a dependent on my taxes. his ...
Expert Alumni. @Eucilla10 When you enter your 1095-A in your tax return, TurboTax fills out Form 8962 for you. If you haven't filed your return yet, enter your 1095-A and when you print a copy of your return, you can send Form 8962 to the IRS. Click this link for info on How to Enter 1095-A.