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To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button Online editions -   On the screen Did you get a 1099-R in 2025? Click on Yes On the screen Save time and connect your financial accounts Click on Connect On the screen Let's find your account, select or enter the name of your financial institution

The difference between Line 3d (Gross income) and Line 1a (Adjusted gross income) is a common source of confusion with the Foreign Tax Credit, but this is how the IRS designed it. Here’s what’s happening:   Line 1a is lower than Line 3d because your foreign dividends were “Qualified.” In the US, qualified dividends are taxed at a lower rate (usually 15%). Since the IRS gives you a break on taxes for those dividends, they also require you to reduce the income you report on Form 1116.   TurboTax uses the IRS Qualified Dividend Tax Worksheet to calculate a multiplier. For the 2025 tax year, the common multipliers are:   15% Tax Bracket: You multiply your foreign qualified dividends by 0.4054.  20% Tax Bracket: You multiply by 0.5405.  Example: If you had $500 in foreign dividends and all were qualified (15% bracket): Line 3d would show $500.00. Line 1a would show $203 ($500 X  0.4054). You can‌ skip this shrinking of your income (and keep Line 1a and 3d the same) if you meet both of these requirements:   Your total foreign qualified dividends (plus any foreign capital gains) are less than $20,000.  You are below the income threshold for the year (for 2025, this is typically $250,000 for Married Filing Jointly or $125,000 for Single/MFS).      

Did you already e-file?  If you did NOT e-file you can go to the FILE section  step 2 to enter/change how you want to receive your refund.  If you want direct deposit you need the routing number and your own account number.    If you e-filed: Banking information for direct deposit is wrong or closed If you entered incorrect banking information for your refund, you can change it if your return is rejected.  If it is accepted, however, it is too late to change it.  The bank will reject the refund and send it back to the IRS.     https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/   You may get this notice— a cp53a notice   https://www.irs.gov/individuals/understanding-your-cp53a-notice   If you take NO action—-the IRS will freeze your refund for at least six weeks and then mail you a check.   If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct.  And…open all mail, even if it looks like junk mail.   And……if you choose “refund processing” or the “5 day early” offer, those involve a third party bank; sadly, you will have a lot of additional aggravation in tracking down your refund and getting a check.

Thank you for looking at it. Maybe I am just confused by the AOTC. The last 3 years we have received a refund of $2500 having the one child in college. I thought having 3 would give us a $7500 refund since they meet all the eligibility and financial factors   The child I added last was the one on the top (you probably know this just want to confirm since you can't see the names). When I take her off it is now reducing the refund by $1000 (whereas before it was $1526). By taking her off it also raises the refund for my other two (daughter #1 from $2083 to 2470 and daughter #2 from $2109 to $2500. For daughter #1 we paid a little less than $4000 for tuition, so I expected hers to be a little less than $2500.  why would adding a third child reduce the refund for the other 2?   So, I guess my question at this point is what are all the variables causing the fluctuations in refund amount? If we make less than the cap, why can't we receive the full $2500 per child? I guess I also don't quite grasp the concept of the refundable and nonrefundable part of the credit either. Thank you!   I really appreciate you taking the time to help me on this matter.         

If you were legally married at the end of 2025 your filing choices are married filing jointly or married filing separately when you prepare your 2025 return.   Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will get the married filing jointly standard deduction of $31,500 (+ $1600 for each spouse 65 or older)  for 2025. You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit.    If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return.    Some of the disadvantages of filing separately include:    You cannot get earned income credit,  You cannot get education credits or deductions for student loan interest.  You cannot get the childcare credit You have a lower amount of income on which to base the refundable additional child tax credit 85% of your Social Security benefits will be taxable even with no other income  The amount you can contribute to a retirement account will be limited. Capital loss deduction is less than if you file jointly You cannot get the $6000 senior deduction You cannot get the deductions for overtime or tips    If you live in a community property state, you will be required to provide additional information regarding your spouse’s income. ( Community property states:  AZ, CA, ID, LA, NV, NM, TX, WA, WI) and your returns become very complicated.    If  you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice since with online, you get one return per fee.     https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM?srsltid=AfmBOopGqCNexowW0pYgvsf7ycIkrx4VjO_63UXv6vSnfu3UEGQiKQTh   https://ttlc.intuit.com/turbotax-support/en-us/help-article/income/getting-married-mean-taxes/L2RgmagpE_US_en_US?uid=m69on7t0     https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/married-filing-separately-community-property/L11CeLUMs_US_en_US?uid=m69ousyh    

In TurboTax Online, follow these steps to report IRS form 1099-R:    Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & income. Scroll down to Retirement Plans Social Security.  Click the down arrow to the right. Click Start / Revisit to the right of IRA 401K Pension Plan Withdrawals. At the screen Did you get a 1099-R in 2025?, select Yes. At the screen Choose all the situations that apply to you, make selection and Continue. You will be given options:       to connect with your financial accounts,       to upload your form, or       type it in myself.  See also this TurboTax Help.  

We cannot connect you to customer support from this forum.   Phone support is not provided with the Free Edition.  If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there.  Otherwise, post your question here and someone will try to help.   To call TurboTax customer support https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh           You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx   Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.

I'm assuming you normally file your LLC tax return on Form 1065, unfortunately there is no option for you to report the partnership income and expenses on your personal tax return; every partnership with any items of income or expense must file a 1065.   If compliance burden is becoming too much for what the business brings in for profit, maybe you could check the box 'final' at the top of Form 1065 to inform the IRS that you will not be sending in any more returns and the partnership will be ceasing operations; just an idea to consider, not advice.    If you withdrew your 401(k) before reaching the age of 59 1/2, it may trigger the filing of Form 5329 to report distributions subject to the 10% additional tax, but that depends on the details of your Form 1099-R; in any case, as long as you enter the information into TurboTax, the program will take care of the necessary forms and schedules for you. 

Thanks, but I am not comfortable sending my data file.  I provided the screenshot, which clearly shows that something is wrong. Unfortunately TurboTax provides absolutely no indication of what causes these error messages.  I have done the donations both thru the interview method and reviewing/editing the actual form.  Neither method gets rid of these 3 red errors.  And it is consistent; the three charities to which I have donated both public stock and cash result in the same errors.  And yes, it is annoying that the valuation method for the stock mysteriously changes from Average Sales Price to Comparative Sales every time I try to update the entries.  

Talk to your broker. He can guide you.   If you have other IRAs, you can just convert them to a Roth IRA. If the IRA has no basis (i.e. a deduction was taken at the time of contribution, then the conversion is taxable,