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Yeah sorry wrong wording - it’s not technically a Sch F but they do call it a “Farm Profit or Loss Schedule” and I’ve seen them filed with 1120-S’s before.  It flows through to Page 1 but without the detail.

"On the 1099-R, the company listed my distribution as a single number, RMD + Conversion which is probably the correct procedure."   I see.  You meant that the Form 1099-R does not separate out the conversions, which is as it should be.  However, when entering this Form 1099-R you must indicate that you moved the money to another retirement account, that you did a combination of rolling over, converting and cashing out, and indicate the amount converted so that the conversion appears on Part II of Form 8606 and the taxable amount from Part II is included on From 1040 line 4b.  It seems that you have done this.  If the estimated tax payments were necessary to satisfy your 2024 tax liability, it seems that there was no reason for the IRS to send the funds back to you.

As you may surmise from @VolvoGirl  's answer, programs won't transfer to your newly mandated Windows 11 computer. You will have to install any programs you want on the new computer yourself.     @JAR17 

@Elb123456   Check each line on your paycheck.  Is the gross wages the same, etc?  I would check with the employer to see if you filled out the W4 right or the employer entered it right and how to adjust it.  There is a new W4, it doesn't ask for # of dependents.  Did you fill out the old W4 or the new W4?   https://www.irs.gov/pub/irs-pdf/fw4.pdf  

You can log into your account and download it again.   You can install it on 5 computers you own.  Since you now have to log into an Intuit Account when you first install it, all your downloads and licenses are listed there (even if you bought it from somewhere else) so if you need to install it again or install on another computer, even on the other operating system (Windows, Mac) you can download it again.  

@Elb123456 going into the next tax bracket would not be the issue as your income is mor than the tax, i.e. the paycheck should still go up.    Suggest using the IRS estimator tool to ensure EACH paycheck has the correct withholdings.     https://www.irs.gov/individuals/tax-withholding-estimator

The issue has NOT been resolved. "Amend using turbo tax online" button does not work as of May 2nd 2025. When trying to use Turbotax Desktop product as suggested, I'm sent to a page where I have to purchase that software. I've already paid TT for my return, I should be able to amend it without paying for addition software. Please advise.

@fanfare wrote: according to my advisor, holding off from 62 to age 70 1/2 results in a 76% increase in your monthly check. That amount is adjusted for inflation each year. Your social security statement will have those figures on it.  But, remember that if you take an early benefit, you are collecting that smaller benefit for 8 more years.  So it really depends on your health, life expectancy, genetics, other financial resources, and how much you love or hate your job.  

Thanks for all the responses. I agree with @Mike9241 that it doesn't matter much in my case as this is the last year.   But I was just wondering how TurboTax uses the convention, and I think that there's a problem. I was playing around with TurboTax using different scenarios.   If I placed the same asset in service in 11/15/2019 or 11/15/2020 or 11/15/2021 or 11/15/2022 or 11/15/2023, TurboTax consistently defaults to 200DB/HY   However, if I place the same asset in service in 11/15/2024, TurboTax uses 200DB/MQ.   Why is this the case?

@erwinturner wrote: Our effective tax rate on regular income last year was ~12%. I was planning to send in $55,000 to the IRS after closing next week. Does that sound reasonable?   You will probably owe more than that.   You said "effective" tax rate, which seems to indicate you were in the 22% tax bracket.  That mean the entire $400,000 will be taxed at 15%, which is $60,000.   But then you will also owe the Net Investment Income Tax.  Depending on the rest of your income, that could be an additional $10,000.   https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax   That 'extra' income could also have other negative consequences, such as reducing some credits or deductions.   You could create a 'mock' tax return and enter your estimated 2025 income, including the sale of the second home, to get a better idea for the results.

1. Your benefit is not taxable if it is your only income.  If you have other income, up to 85% of the benefit can be taxable.  That is based on the current year income, not the previous year.   So whether or not you pay tax on your 2026 benefit will depend on your total 2026 income.     2. If you are less than your "full retirement age", but you keep working after taking your benefit, your benefit may be reduced.  This is a past/future calculation.  For example, if you have income earned from working in 2026, and you are less than full retirement age, your 2027 benefit may be reduced.  If you take your benefit in the middle of the year when you already worked part of the year, there is a special calculation for the first year of your benefits.  And if you are past your full retirement age, your benefit is not reduced even if you keep working.

My Minnesota return was accepted 3/13. I am still waiting for my refund. I called [phone number removed] where I was told the Renters Credit portion of the refund is delaying refunds. It can take “up to 60 days”. This renter credit is 1/3 of the total refund I’m due. My Federal refund was direct deposited within 10 days. The MN DOR confirmed that they have sent no notifications requesting further info from me nor explanations for the delay. They should now owe me interest on the income tax refund portion they are holding up!!!