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June 3, 2019 11:01 AM. Information for Form 8888 is entered under the '' File '' menu on the left-hand menu. Go through the steps and enter your Direct Deposit information when prompted. You will be given the option to have your refund deposited into more than one account or to purchase US savings bonds after you select the 'direct deposit' option.
Form 8888, Allocation of Refund (Including Savings Bond Purchases) is automatically generated by TurboTax when you choose to receive your refund all or in part with Savings bonds. The program will file this automatically along with your tax return, so you do not have to mail in this form. From the TurboTax FAQ: We'll give you the option to ...
Ok so thank you I found the form. No my question is last year we filed an amended return because the tax preparer forgot to the education credit form. So the 1040 was changed and we received a refund in the form of a check and a letter stating that we needed to file form 8888 this year. I have read the instructions under changes in refund due to math errors but still do not understand how to ...
How to add form 8888 to my efile. January 28, 2020 11:07 PM. You won't need to add the form separately, it is already part of the filing experience! On the screen, How do you want your $ federal refund, select Direct Deposit to a bank account. Go to the bottom of the screen and mark the box I would like to split my refund into more than one ...
The correct amount of the overpayment to be applied to 2022 is properly shown on Line 36 of Form 1040. I also have completed the information for Form 8888 and it correctly shows the $5,000 to be used for the purchase of I Bonds on Form 8888.
Level 2. Hi Dawn, I filled out form 8888 to refund $5000 in paper i-bond and have the refund balance applied to 2022 taxes. However, during eFile step I get the screen below, to deposit my $5000 refund to "Direct Deposit" account but no option to apply the $5000 in paper i-bond. I don't want to proceed with a direct deposit to my bank account.
Form 8888 can't be used in an amended return. If you are using TurboTax Online: Open your return and scroll down to Tax Tools on the bottom of the left side menu. Select Tools. Click on Delete a form (third on the list at the bottom of the screen). Find Form 8888 on the list of forms. Click Delete to the right.
Form 8888 won't let me issue two $5000 I-Bonds for my joint refund. According to Treasury Direct, I should be able to get a $5000 refund for both people in a joint return for a total of $10,000. But TurboTax's Form 8888 won't allow more than $5000. May 21, 2022 10:26 PM.
So I was thinking form 8888 because 1 it's referenced in the letter and 2 you can't put a bank account on an amendment. So I wanted to file an 8888 to assure its direct deposited and I don't get a check in the mail. However, it doesn't give info of where to send that form it just says attach to your return.
Can you submit a Form 8888 after filing your taxes? I filed my taxes thought TurboTax and got them approved by the IRS. I opted for my tax refund to be direct deposited into a bank account.