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After you enter you Form 1099-R, you will be on the "Review your 1099-R info".  Make sure you click on "Continue" from there.  There will be a series of questions.  One of those questions will be "Any Nondeductible Contributions to Your IRA".  You need to answer Yes  so you can enter your $10,000 of after tax contributions.  On the next page you will enter $10,000.  Continue through the questions.  Your IRA distributions should now show only the $986 gain as taxable income.  

It depends. lf you are using TurboTax Online you can review your forms line by line before you file. You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready. Can I print a copy of my return in TurboTax Online before filing? If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.   To enter a qualified business income (QBI) loss from last year you can use the steps shown below. TurboTax Desktop or TurboTax Online Income and Expenses > Other Business Situations  > Net Operating Loss/QBI Carryforward Loss @Jaydub345 

Generally, the maximum amount of your refund is the amount you paid in unless you qualify for refundable credits such as Earned Income Credit, Additional Child Tax Credit, or American Opportunity Tax Credit. You state that you did not have any federal amounts withheld. Did you qualify for one of these credits and were you expecting a refund?   TurboTax does not receive updates on refund status. Per the IRS website, Where's My Refund has the latest information on your return. If you don't have internet, call the automated refund hotline at 800-829-1954 for a current-year refund or 866-464-2050 for an amended return.   @sierrajcurry 

If you are itemizing your deductions, you can enter your state taxes paid in 2024, regardless of which year they were for, by selecting the following: Federal Deductions and Credits Other Income Taxes If  you are not itemizing your return, you do not need to enter this on your return.   Itemized expenses include mortgage interest, gambling losses up to winnings,  charitable contributions, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.     Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.    The 2024 Standard Deductions are as follows: Married Filing Joint (MFJ)              $29,200 Married Filing Separate (MFS)      $14,600 Head of Household (HOH)             $21,900  Single                                                 $14,600                                 Blind or over 65 and MFJ or MFS add $1,550 Single or HOH if blind or over 65 add $1,950     Standard versus Itemized Deduction  

You would enter that as the cost of purchases. You will find that in the Inventory/Cost of Good Sold section of your business entries. You must enter your beginning and ending inventory if applicable, then you will see where you can enter your cost of purchases on the screen that says Let's get the costs of your goods:      

You should itemize your deduction only if your itemized deductions will exceed your standard deduction which is as follows:   The standard deduction for 2024 (taxes filed in 2025) is: $14,600 for single filers and married people filing separately,  $21,900 for heads of household, and  $29,200 for those Married Filing Jointly and surviving spouses. If you are filing single than your itemized deductions may exceed your standard deduction. You can enter them into TurboTax and the program will determine which is best for you. Also, you should enter them because some states allow deductions for these even if you do not itemize.  

Upon review of your token, it appears you have not entered anything for Child and Dependent Care expenses in the federal interview section, but you do have amounts reflected under your W-2 Form, box 10 for Dependent care benefits.  Therefore, you also need to complete the expense section of the program to rectify the state e-file error and file a complete Schedule X.   To do this, follow the steps in how do I get to the Child and Dependent Care Credit in TurboTax to enter the information for this credit.  Proceed through the screens and enter the information as prompted.    Once you have completed your entries, go to the state interview section again.  Proceed through the screens.  When you see the screen titled "Child Care Provider Summary," select edit.    This will take you to a screen titled "Care Provider information."  Please enter the General Tax License # as prompted on this screen and select continue.     Proceed through the remaining screens and answer the questions as prompted.     Once you have completed this and the rest of the state interview questions, the error message during the final review should go away and allow you to electronically file.

Hello Dave,    Thank you for clarifying this - I really appreciate your insight and confirming my concerns. It’s helpful to understand that the issue isn’t just about the Form 1098-E, but that the foreign lender itself (like Prodigy Finance) isn’t considered an eligible institution under IRS guidelines. That clear things up. I also had a chance to speak with a TurboTax Specialist over the phone, and they confirmed the same.    Thank you much! 

What is the status on your return.   Once you submit your return in TurboTax Online, you'll see its status on the Tax Home screen of your account. After you e-file your return, it's considered "pending". After the IRS processes your return, it'll either be accepted or rejected.   We'll also send you emails letting you know when your e-file status changes.   You can use the IRS tool Where's My Refund to check if your e-filed return has been received.   Also see the TurboTax article How do I check my e-file status?

I am having the same problem, not related to higher agi or anything, our dividend should be taxed at 15% but when entered as qualified into TT, our tax calculator adjusted at our current tax rate, not 15%.  Any help on how to correct this would be appreciated.