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Thanks, apologies for not being clear. My situation is entirely about 2024 only. Converted traditional IRA to Roth IRA as step 1 (so balance was 0 then), then as step 2 executed the backdoor Roth with non-deductible contribution to the traditional IRA. The traditional IRA has 0 balance now. I was wondering if I will be taxed only on step 1 deductible contribution (which was there since 2012-14 timeframe and has grown), or will pro rata apply to me because of step 2. Thanks for your guidance.

This number wasn't the one given by the support chat when I was logged in. I did finally get someone who was able to help me! She was the first one to ask for my Software Key/Activation Key. Once I gave that to her she was able to get the software into my account and I was able to finally access it. Most of the other suggestions given here took me in the same circle as I had gone through on my own and support also sent me through it. Since I did not buy it on the TurboTax site and I hadn't downloaded the software before the year rolled over, I was stuck not being able to access it on the website without purchasing it again. That's why I posted the link in my original message to show what I was hoping TurboTax itself would post for the US side like they did for the Canadian side. I still hope they do a similar post for others like me who used to buy the CDs all the time (since 2007) and was used to not having to put it on limited space of my computer until I needed it.  Now I know, when I buy it, download and activate it. Then I can uninstall and, when I'm ready, log in, download, and work on it. 

When you enter one taxable transaction, you can't just watch the monitor.  You increased your overall adjusted gross income and with that come many other changes in your return, not just the incremental tax on the one transaction.   Like for example it increased your AGI and that would decrease some deductions if you itemized on Schedule A.  And by increasing your AGI it might reduce some credits you were getting like EIC.  And can make more of any Social Security taxable.   You would have to compare both returns line by line before and after you entered the income to see all the changes.   Even though the full amount shows up as income on the 1040 as income, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D.  The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet.  It does not get filed with your return.  In the online version you need to save your return as a pdf file and include all worksheets to see it.

Been doing it over and over. Been using TurboTax for years, and actually thought things seemed to have been a little easier in some ways until I hit this terrible “foreign accounts” snag, which has been taken up WAY too many hours, through chats, clearing and starting over, etc., and nothing has fixed it yet. It’s time for me to change to a different service. This has been very upsetting when I have so many other things I needed to do tonight. Very disappointing.

@genepsych , before one can help, we need more info on the situation, please (a) Are you a US person  ( citizen/GreenCard/Resident for Tax Purposes ) ? (b) How was the foreign tax paid reported -- on broker's consolidated report, 1099-INT , 1099-DIV or what ? (c) Which country did you pay tax to ? -- RIC, Various or specific (d) Quantum of Foreign Tax paid  and the Foreign Source income.   Will circle back once I hear from  you --yes ?

I inherited a condo from my sister in law. I immediately sold the property. I've received a form 1099-S from the Title company, reporting the transaction to the IRS. I can't figure out how to enter this transaction into Turbo Tax. Please help.

I'm following this as well as I have the same confusion. I understand I need to send in form 8453 to the address on the instructions if I'm going to efile and have a form 3115 w/attachments.    Where I'm confused, is if form 3115 and attachments are to be mailed into the same address as form 8453 at the same time.  The form 3115 instructions give an entirely different address to mail form 3115 into than form 8453!?

My household AGI is 290k. I am seeing (I goggled) that for married filing jointly if income is between $94,055 – $583,750 then dividend tax rate is 15%. Our AGI is far below the upper limit. am I missing something. Thanks for your prompt response & time. Really appreciated.

contact QB support. This is Turbotax https://quickbooks.intuit.com/learn-support/en-us/help-article/account-management/contact-quickbooks-products-services-support/L7lDnkKLB_US_en_US?msockid=31315f26f8ea6d3a157f4ae1f9476c57 

You don't include their income on your return. It would only go on their return if they are required to file one.  To file a separate return for your dependent you need to set up a new account.  Online is only good for one return per account.  You can use the same email address for 5 accounts.   Be sure on their return they check the box that says they can be claimed on someone else’s return. If their only income is W2 and under 14,600 they do not have to file a return except to get back any withholding taken out.  If they got a 1099NEC or paid cash they have to file it as self employment no matter how small. Filing requirements for a dependent https://ttlc.intuit.com/community/children-dependents/help/do-i-need-to-file-my-own-taxes-if-i-m-a-d...