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@asm_ahsan  absent your sharing your AGI ( before  and after adding dividend income ) your filing status, all one can do is guess --- you were probably sitting close to the edge of a  tax bracket and the dividend income just put your marginal rate higher.  Take a look at your  form 1040   worksheet  ( in the forms mode ) and  calculate the tax by hand from the tax tables  ( Pub 17 or instructions for form 1040 ). Why do you say dividend  in come should be taxed at 15% ?   Is this foreign dividend  or what ?.   Sorry , this is probably not  the answer you expected  , but  with your post as the only data point, we are kind of blind.

@afromca wrote: is the sequence of conversions important? I am in somewhat of a similar situation, although my spouse had some amount from a deductible IRA in 2012-14. We just converted it in late 2024 (moved money from traditional IRA to roth IRA), then started backdoor after that conversion towards EOY 2024.  So once the first step is done, does the situation become cleaner? (meaning we owe tax only on the first conversion?). Thanks! I'm not entirely clear because your facts may be different than the person you are adding on to.    Everything that happens in 2024 gets reconciled on a 2024 return, everything that happens in 2025 on the 2025 return, and so on.  For a real backdoor Roth IRA to work, you need to end the year with zero balance in any traditional IRA accounts.    But, remember that conversions happen when they happen, they are not back-dated like contributions sometimes can be.   If we suppose you had traditional IRA funds and you did a full Roth IRA conversion in 2024, you would end up 2024 with zero basis and zero balance, and then you could do the backdoor in 2025, and you would pay tax on the pre-tax conversion amount on your 2024 return.  But if you did all that in 2025, the result would be the same.  You can contribute non-deductible funds for 2025, convert everything in 2025, you will pay tax on the deductible portion (same as you would in the other example) and you end 2025 with zero balance allowing you to go forward for 2026.   The only timing issue is that you want to do the traditional to Roth conversion pretty soon after the contribution, so you don't have to convert and pay tax on investment gains that happen between the contribution and the conversion.     

As this is an online public forum, we have no way of confirming whether your state return was electronically filed or not.  You do have a couple of options. Check your e-filing status by following the instructions in this link.  If the Indiana return shows up as filed and accepted, your state return has been filed and you do not need to mail it in. Contact us to confirm with an agent the filing status of your state return. @slimmeyer7   

If you choose to capitalize and depreciate the cost of your roof, you should select "Real Estate" and it will be depreciated over 27 1/2 years.  You may want to review the IRS Tangible property regulations – Frequently asked questions to see if your "new roof" qualifies for expensing as opposed to capitalizing.  

Oregon recommends you wait 2 weeks from the acceptance of your return before inquiring as to where your refund is.   After that, you can use Oregon's website to check: Check your refund status now 

@Pono1977 wrote: I am still looking for the answer to the question in this string about depreciation on a new roof installed on a rental house. There doesn't seem to be an option to add a roof in the asset section. It only has Real Estate, Land Improvement, or Appliances. How am I supposed to enter the cost for the roof? I have not used this part of the program but an improvement to the house should be under real estate assets. 

If you enter two 1098-Ts for both schools, one with half time checked and the other with half time not checked, you will get a follow screen that asks "Was the student's status for 2024 half time or more". Be sure to answer yes, even if that screen comes up after entering the Community College 1098-T.  The question means was he half time or more any time during the year and is not specific to the CC.    Both tuition amounts will count for the one American Opportunity Credit. 

You can't update the form in turbo tax home and business edition. What will be a way to get around to adjust the AMD as tax exempt interest for NJ state.    Cleary a bug for the TT software, that bug costs me dearly. What is the best way to fix the issue?