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Yes.  All taxable income is reported on form 1040.  These would be considered Section 1256 Contracts and Straddles.  To enter them in TurboTax you would select the following: Income Contracts and Straddles under Investment income

  Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   MY REFUND WAS LESS THAN I EXPECTED   https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594   There can be a number of reasons why your refund was less than the amount you expected. First of all, look carefully at your actual tax returns. Next——check the IRS refund site https://www.irs.gov/refunds to see what the IRS says they issued for your refund.  Sometimes the IRS reduces your refund. If the IRS reduced your refund they will send you a letter in several weeks.     There is sometimes confusion about the amount of refund to expect when users misinterpret the “summary” they saw in TurboTax. The amount of your refund is on your tax return.  Federal refund is on line 35a on Form 1040  State tax forms are all different so we cannot tell you what line to look at on your state form.  BUT it is important to actually LOOK at your tax return forms yourself and see the amounts of your tax refunds and/or tax due.  A lot of confusion would be avoided by doing that.   Be aware also that your Federal refund and state refund do NOT come together.  Federal and state tax returns are processed by two completely separate entities.  There is no rule as to which one will come first,   It is also possible that your state reduced your refund for debts owed in your state—if the state reduced your state refund you will receive a letter from the state.   Did you choose to have TT fees deducted from your Federal refund?  (Remember that if you did that, you also agreed to an extra refund processing fee of $40 or $45  in CA)   How can I see my TurboTax  fees?   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k      refund offset.       https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts  IRS Treasury Offset Program Call Center at 1-800-304-3107  https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts   https://ttlc.intuit.com/community/refunds/help/what-is-a-refund-offset/00/26301   Reduced Refund      https://www.irs.gov/taxtopics/tc203      NOTE: You can contact the IRS Treasury Offset Program Call Center at 1-800-304-3107 to ask if they have an offset for you on file. TurboTax would not have that information.  

Did you indicate that you actively participate in the running of the farm? For Schedule K-1, this is often called "material participation." If you're not actively participating, the income is considered passive and doesn't qualify for the Child and Dependent Care Credit.

When you finish your return to file it by the due date after filing an extension, the main thing you need to take into account is any payment that was made with the extension.     To enter the payment that was made with your extension you will go to Deductions and Credits > Estimates and Other Taxes Paid > Other Income Taxes then click Start or Update.  Next click Start or Update beside Payment with 2024 Federal Extension to enter the payment that you made when you file your extension.     This will update your return to include the extension payment so that your remaining refund or balance due takes that amount into account.

@fivesixteen  First, your custodian issued an incorrect 1099-R from the beginning.  Code G for direct rollover is only allowed if the money went directly from the first plan to the second plan.  If the money came to you, that was an indirect rollover and the 1099-R should have been code 1, early distribution.  Then you would certify on your tax return that it was a rollover within 60 days.  You need a corrected 1099-R.   Then, you need to file an amended return with the corrected 1099-R, indicate you did not complete the rollover.  The entire distribution is taxable income to you, with a penalty if you are under age 59-1/2.   By the way, how was the rollover processed and why did it fail?  If it really was supposed to be a direct rollover, but it failed for reasons outside of your control, you might be able to claim an extension of the 60 day requirement, and complete the rollover now.  It might be worth looking at those circumstances just in case there is a way out.  

In order to pay for anything on TurboTax, you would need to have a US address for the credit card.  If you did everything online, you do have the option to purchase TurboTax from Amazon, download it and then you can transfer your return from your online account to your download.  This will keep you from having to re-enter any information.  When you install the desktop version, and go to start a  new return, you will be prompted to sign in and if you use the same sign in credentials, you will then be able to download your online return to the desktop.     Can I e-file with a foreign address?  

1) After you enter Code I for Box 14: Continue with the interview until you see "We see you have Section 199A information." Check the box that applies (usually the first option). On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income. If it appears as a negative number, enter the amount with a minus sign. Check any other boxes (if any) that appear on Statement A and enter the related amount. Continue back to the K-1 summary page. 2) Yes, report this as income from the trust itself. In other words, enter the name and EIN of the trust.   3) Some excess deductions are not deductible, like attorney and accounting fees (and any that reference Section 67(b)). The taxes may be entered under Deductions & Credits >> Personal Property Taxes.

Subject: TurboTax Update Wiped Out My Entire File – Extremely Frustrating Experience On the evening of April 16, 2025, at 9:33 PM, I completed the business portion of my tax return for both my wife and myself—over 10 hours of work. The next morning, April 17, 2025, at 7:23 AM, I opened TurboTax, and a software update prompt appeared. I allowed the update to complete and then reopened the program. My tax file appeared in the usual location (upper left corner), with the same name, so I opened it—only to find it completely blank. None of the information I had entered was there. Everything was gone. How can an update completely wipe out a file? But that’s exactly what happened. I have over 10 years of experience using both Quicken and TurboTax. After spending 1 hour and 43 minutes on the phone with Intuit Customer Service, I was told there’s nothing that can be done—I would have to start over from scratch. Out of frustration, I searched online and discovered that this issue has been affecting many users since at least March 2025. Yet Intuit still hasn’t fixed the problem or even provided a simple warning like: “Before updating, please back up your file to a USB drive or external source.” Quicken prompts users to create a backup before updates or major changes, and displays all available backup files if something goes wrong. TurboTax, however, offers no such safeguard. Thankfully, Florida extended the tax filing deadline to May 1st, which gives me some breathing room. But this experience is unacceptable. TurboTax has let down its users with poor software management and a complete lack of communication. Very disappointed. Do better, TurboTax.