Dont overthink this. I've had foreign capital gains for years and its pretty simple. Report the gains on Schedule D like normal, fill out form 1116 for the foreign tax credit. Done. The tricky part is making sure your categorizing everything right on the 1116. Capital gains go in the "passive category income" section. Also dont forget to convert everything to USD using the right exchange rates.

I went through this exact same situation last year with foreign stock sales from Germany. A few things that helped me: First, yes you definitely report the $32k as capital gains and can claim the FTC for the $4.2k you paid. Make sure you have documentation showing the foreign taxes were actually paid and assessed on the same income. For software, I ended up using TaxAct Premium after the free versions couldn't handle it properly. It has a specific section for foreign capital gains and walks you through Form 1116 step by step. Cost about $50 but saved me from potential mistakes. One thing to watch - make sure you're using the correct exchange rate for the date of sale when converting your foreign currency amounts to USD. The IRS is picky about this. I used the daily rate from their website for the transaction date. Also keep in mind the FTC might be limited if your effective tax rate in the foreign country was much higher than what you'd owe in the US on that same income. Any unused credit can carry forward up to 10 years though. Good luck with your filing!

Just wanted to add another data point to this thread since I literally just resolved this same issue yesterday! I was getting rejected using my transcript AGI, and after reading everyone's advice here, I went back to my 2022 FreeTaxUSA account. Turns out the IRS had made a small adjustment (+$156) to my return that I never received a notice about. Used my original filed AGI instead of the transcript amount and boom - accepted immediately! One thing I haven't seen mentioned yet: if you're married and your filing status changed between 2022 and 2024 (like I went from married filing separately to married filing jointly), make sure you're using YOUR individual 2022 AGI, not your spouse's or a combined amount. That tripped me up initially. Also, for anyone still struggling - I noticed the IRS website updated their AGI lookup tool on April 5th, and it now specifically mentions using your "as-filed" AGI rather than adjusted amounts. Wish they had made that clearer months ago! Thanks to everyone in this thread for sharing your experiences - this community knowledge is invaluable! 🎉

Just joined this community because I've been dealing with this EXACT same AGI rejection nightmare for the past 10 days! 😭 Reading through all these experiences has been so reassuring - I thought I was going crazy! I've been using my 2023 transcript AGI this whole time (rookie mistake, I know), but after seeing everyone's solutions, I realize I need to: 1. Use my 2022 AGI (not 2023) 2. Find my ORIGINAL 2022 filed return, not the transcript amount 3. Check if the IRS made any adjustments I wasn't aware of I'm pretty sure my 2022 return was adjusted because I remember getting some letter about a missing 1099 that I thought I'd handled, but maybe it changed my AGI. Going to dig through my old TaxSlayer files tonight and see what my pre-adjustment AGI was. If that doesn't work, I'll definitely try the $0 workaround that multiple people have confirmed works. Thank you all SO much for sharing your solutions - this thread is literally saving my sanity right before the deadline! This community is incredible! 🙏

I successfully resolved an APTC repayment issue through Form 14095 (The Health Insurance Marketplace Statement). My situation was similar - I had received $2,340 in Premium Tax Credits for 8 months while simultaneously covered under my spouse's employer plan. I submitted documentation showing the overlapping coverage periods and requested a retroactive termination. The Marketplace approved it in May 2023, issued a corrected 1095-A, and I filed an amended return that eliminated the repayment requirement entirely.

This is unfortunately a very common situation, and you're definitely not alone in facing this challenge. The key thing to understand is that the marketplace doesn't automatically know when you get employer coverage - you have to actively cancel or update your enrollment. However, you still have several potential options to explore: 1. **Contact the Marketplace first, not the IRS** - Call Healthcare.gov at 1-800-318-2596 and request a "retroactive termination" for the date your employer coverage began. Explain that you had qualifying employer coverage and never used the marketplace benefits. 2. **Gather documentation** - Get a letter from your employer showing your coverage start date, copies of your premium payments to them, and any W-2 forms that show health insurance deductions. 3. **Check for notices** - Review if the Marketplace sent you any income verification requests or other notices during 2023 that you may have missed. Not responding to required verifications can sometimes provide grounds for appeal. 4. **Consider reasonable cause** - If you can demonstrate you made a good faith effort to report the change or had reasonable cause for the delay, the IRS sometimes provides relief. Don't pay immediately - exhaust these options first. Many people have successfully gotten their APTC repayments reduced or eliminated entirely through proper documentation and appeals.

Im in almost identical situation, 102k salary and my refund last year was about $1,900. But every1's situation is different! It depends on: - how your W4 is filled out - if u have other deductions (student loan interest helped me) - if you do any side work - state taxes vary ALOT!! Honestly at our income level some ppl actually owe instead of getting refunds, especially if withholding isnt set right. My friend makes 98k and had to pay $800 last april!

Great question and congrats on the promotion! I went through something similar when I jumped from 70k to 105k a couple years back. Here's what I learned the hard way: Your refund really depends on your withholding setup more than your salary. At 100k single with standard deduction, you're looking at roughly $16,290 in federal taxes owed for 2025. If your employer is withholding more than that from your paychecks throughout the year, you'll get a refund. Less than that, you'll owe. The tricky part with a mid-year salary increase is that your withholding might be calculated assuming you made 100k all year, when you actually made less. This could result in over-withholding and a bigger refund than expected. My advice: Pull up your most recent paystub and multiply your federal withholding by the number of pay periods left in the year. Add that to what's already been withheld year-to-date. Compare that total to your estimated tax liability and you'll have a rough idea of refund vs. owing. Don't stress too much - worst case you owe a bit and can adjust your W-4 for next year!

Has anyone considered how PTET interacts with other state tax credits? I'm in a state with generous renewable energy tax credits and I'm worried making the PTET election might reduce my ability to claim those.

Great question! I went through this same analysis last year with my LLC. The key insight is that PTET benefits aren't limited to itemizers - it's about shifting WHERE the deduction happens. In your situation with $7,800 in state taxes and taking the standard deduction, you could still benefit. Here's why: Without PTET, you'd take the standard deduction ($14,600) and pay federal taxes on your full business income. With PTET, your LLC pays the $7,800 state tax directly, reducing your pass-through income by that amount before it hits your personal return, AND you still get the full standard deduction. The federal tax savings would be roughly $7,800 × your marginal tax rate. If you're in the 24% bracket, that's about $1,872 in federal tax savings. Since you're already below the $10,000 SALT cap, you wouldn't lose anything by making this election. One thing to watch: make sure your state offers favorable PTET terms. Some states provide credits equal to 100% of the entity-level tax paid, while others might be slightly less favorable. Also, consider the timing of payments - you might need to make estimated payments at the entity level rather than personally. I'd recommend running the numbers both ways or consulting with a tax professional familiar with your state's specific PTET implementation to confirm the savings in your situation.