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Did you ever make any contributions with after tax dollars or was all of it pre-tax? If all of it was pre-tax- then you have no basis. If you rolled into a traditional IRA, still not taxable. Roll to ROTH is taxable.

You can get to these screens in TurboTax as follows:   To manually enter a Form 1098 in TurboTax you can do the following: Click on the search icon at the top right of your TurboTax screen Type "1098" in the search bar Click on the link "Jump to 1098" Enter your Form 1098 and answer all of the follow-up questions accurately   Your screens will look something like this:           Click here for "Where do I enter my 1098 mortgage interest statement?"   Click here for additional information on the Mortgage Interest Deduction   Click here for additional information on mortgage interest

You need to report foreign income if you're a US citizen or resident. You'll need to report all of your income, whether it was earned in the US or abroad.    If your total income is at or above the threshold for your filing status, you need to file a return and report all of your taxable income including that from a foreign source, unless you qualify to take the foreign income exclusion.   If you don't see specific countries mentioned on your 1099, you may see the designation "RIC", for Registered Investment Company. You can safely use the designation RIC for purposes of labeling dividends for foreign tax credit purposes.   If all your foreign-taxed income was 1099-reported passive income, such as interest and dividends, you don't need to file Form 1116 in order to get the foreign tax credit, provided that any dividends came from stock you owned for at least 16 days, though you will need to answer the questions in TurboTax.   Please see this tax tips article for more information.    See this help article for more information.  

If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact TurboTax?   What's the TurboTax phone number?

The program should not be asking about the original owner if the IRA was not inherited.    Please delete the 1099-R if it was imported and manually type it in.  Double-check the distribution code on the 1099-R. Select "No" on the "Did You Inherit the IRA ?" screen             

You should leave the boxes blank. Do not enter a zero in the boxes when entering your Form 1095-A.     If you are entering Column B, and have a zero, you may have an error on your Form 1095-A.   Column B contains information about your "second lowest cost silver plan" (SLCSP) premium.   If column B. in Part III "Coverage Information" has a $0 or is blank for any month someone in your household had coverage from the marketplace, this is likely an error.   If you think this is the case you can use  the tax tool from Healthcare.gov to determine the premium for your SLCSP.  If the number is not correct, it will provide a  wrong calculation of your premium tax credit.   If you have questions about your Premium Tax Credit (PTC) or Form 1095-A, you should contact your Marketplace directly.    You can also call the IRS Healthcare Hotline for ACA questions at 800-919-0452.     Click here for additional information on SLCSP. Click here for additional information on the Premium Tax Credit.

It's only been 2 weeks. Check your state website. Some states process slower, your return may have been pulled and you are getting a letter, you refund could have been taken for debt owed. Your best solution is to contact your state to determine if there is an issue.

While TurboTax normally transfers carryovers from last year to your current return, it's possible this function wasn't successful for you this year.   If you believe you had a regular tax loss carry over from last year, you'll need forms from your prior year return.   Passive Loss Carryovers for Rental Activities are not reported on Schedule E. You will find the carryover for prior years on Form 8582, Part VII, column c. If you have always made a profit, this number may be zero.   For more help: How do I view, download, or print a prior-year tax return? How do I find last year's tax data file (.tax file) on my computer?

Only one person can claim the tax benefits for a dependent child.   If both parents e-file their returns, the second claim for the child will reject and the parent will be notified that the dependent with this Social Security number (SSN) is already claimed by someone else. Whether intentional or accidental, when parents claim the same child as a dependent in the same year, the IRS will determine which parent should properly claim the child and disallow the claim for the other parent.   In general, you can claim a child as a dependent if he or she is your qualifying child. The custodial parent is the parent with whom the child lived for the longer period of time during the year..   You are the custodial parent if your children lived with you the greater number of nights during the year.   The custodial parent usually claims the "qualifying child" on their tax return.    If  you have them most of the time and provide more than half of their support you would be entitled to claim them as your dependents.   Both parents would have to come to an agreement or possibly have a court order as to who will have custody and who can claim them for tax purposes to protect that right.    If parents can't agree on who gets to claim a child as a dependent, the IRS will decide. The IRS will usually allow the claim for the parent that the child lived with the most during the year.   You can use this tool to determine "Who may I claim as a dependent?"   Click here for "Claiming a child as a dependent when parents are divorced, separated or live apart"   Click here for "About Publication 504, Divorced or Separated Individuals"

In early March 2025, I made an excess Rollover IRA contribution of $2000 to tax year 2024 and made an earning of $17 during March 2025. Both excess contribution and earnings were returned through Fidelity with a 10% tax withheld at the end of March. What is the next step? Do I need to file form 1099R for tax year 2024 before 4/15/25 to report the earnings? Or can it wait until 2025? If it can wait until 2025 after I receive the 1099R form from Fidelity, does that mean I have to file an amendment to 2024? Thanks!   I also made an excess contribution to my ROTH IRA account in the same timeline and returned it. But it incurred a loss so I assume I don't have to anything as long as it was returned?