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Nexchap, can you please clarify something in your example.  Your formula states:   ""the correct cost on the 1099b is purchase price + adjustments to basis + ord gain".   Cumulative adjustment to basis (column 5): -$12,932  Cost Basis (column 6): $87,155  Gain Subject to Recapture (Column 7): $18,229 (Basis = $92,452)   But why are you using Column 6, "Average Cost Basis" as the "Purchase Price"?  Shouldn't you use Column 4, "Average Purchase Price/Initial Basis Amount"?   Cumulative adjustment to basis (column 5): -$12,932  Cost Basis  (column 6): $87,155 PURCHASE PRICE: (column 4): $100,087 Gain Subject to Recapture (Column 7): $18,229 Basis = $105,384   What am I missing? Thank you.    

You might wish to review Form 4952 to see if your investment interest expense (Box 13 Code H) was an allowed deduction.    Also, where did you report Box 13 Code ZZ? if you reported this as a miscellaneous itemized deduction, please review Schedule A to confirm how that amount was used on your return. If you entered Code ZZ as a nonpassive deduction, please review Schedule E page 2 Line 18.

To update your address on a 1099-R form, return to that section in TurboTax and edit the form.  Here's how to navigate to the 1099-R section: TurboTax Online/Mobile: Go to 1099-R. TurboTax Desktop: Select Search Topics. Search for and select 1099-R. You can enter a foreign address and ZIP code, but you must change the address type, by selecting Foreign address from the dropdown menu. 

This post is lengthy, by but it covers the common reasons why taxpayers get excess contributions   Your annual HSA contribution limit is what determines if you made an overcontribution or not.   The annual HSA contribution is dependent on the base amount, insurance status (Family versus Self-only), how many months you were covered by an HDHP policy, whether or not you carried over excess contributions from the previous year (this reduces the current year's limit), and other less common situations.   Generally, if you made contributions (this includes what your employer contributed) that appear to be clearly under the limit, and the entire amount of the contributions is considered by TurboTax to be in excess, then the cause is that the taxpayer has not gone through the HSA interview in TurboTax, which allows TurboTax to calculate the HSA limit for the current year.   But I would try to address the excess issue first, because it is easy to accidently indicate to TurboTax that you made excess contributions by mis-entries or lack of entries.   Here is an updated list of possibilities: There are several major culprits for excess contributions (other than just actually contributing more than the limit).    First, if you did not complete the HSA interview - that is, go all the way until you are returned to the "Your Tax Breaks" page - the limit still might be set to zero, causes a misleading excess contribution message.    There are questions all the way to the end of the interview that affect the annual contribution limit.   Second, it is not unusual for taxpayers to accidentally duplicate their contributions by mistakenly entering what they perceive to be "their" contributions into the second line on the "Let's enter your HSA contributions" screen.   Normally, any employee who made contributions to his/her HSA through a payroll deduction plan has the contributions included in the amount with code "W" in box 12 on the W-2. This is on the first line on this screen (above). Don't enter the code W amount anywhere on the return other than on the W-2 page.   Third, if you weren't in HDHP coverage all 12 months, then the annual contribution limit is reduced on a per month ratio. NOTE, this means that you have to indicate when and under what type of HDHP plan you had. Be sure to answer the questions on the screen entitled "Was [name] covered by a High Deductible Health Plan in 2024?".   Fourth, if you had a carryover of excess contributions from 2023, then this carryover is applied to 2024 as a reduction to the 2024 HSA contribution limit, which could cause an excess condition in 2024 as well. But note: if you had an excess contribution in 2023 but cured it by withdrawing the excess in early 2023, then do NOT report an "overfunding" on your 2024 return.   Fifth, the Family limit ($8,300) is for the aggregate of contributions by both taxpayers, even if both taxpayers have their own HSAs. That is, one taxpayer can’t contribute $8,300 to his/her HSA and the other contribute $4,150 to the other HSA – the $8,300 limit applies to the aggregate of all HSA contributions credited to the family (in this case, the excess contributions would be $4,150).  

The “related questions” is where I seem to get hung up because none of those questions fit the info for anything that shows on the K-1 and additional info (not labeled as Sched A, but was received with the K1) that was received … like questions ask about accrued interest, expenses, etc and have none of that info…

You can remove it. To remove, you either need to be in the Premium version of Turbo Tax Online or the Home and Business section in Turbo Tax Software.   Navigate to the NOL Section – In TurboTax, go to the Business tab and scroll down to Less Common Business Situations.  Find the NOL Carryforward Section – Look for Net Operating Loss/QBI Carryforward Loss and select START. Check for Automatically Applied NOL – If TurboTax has carried forward an NOL from a previous year, it should be listed here. Remove the NOL – If there is an amount listed here, you may remove it. Be sure to record the NOL amount because you may need to reinsert  this section in your next year's return, if yoiu need toi apply it next year.

We changed filing status.  I don't have a signature ID number  and it will not give the option to add my AGI from last year.  I did not file with turbo tax last year but my wife did.  She has the ID I don't.  It keeps kitting rejected 

There is a few reasons why your refund will be smaller than last year. Also keep in mind that every year the Tax Rates and deductions change. Click on the link below to learn more about reasons why your refund might have change   Why Did my Refund Dropped?  

Yes, you will put only the $1,088.03 for the amount converted to a Roth IRA unless you replaced the withheld taxes.   The withheld taxes would be considered cashed out if you didn't replace them with outside funds.   TurboTax will carry the federal tax amount from box 4 to line 25b of Form 1040.

I would still wait to file your Amendment until it get's processed. What changed on your W2C?   I would also suggest you Complete IRS Form 14039, Identity Theft Affidavit.   More information can be found here: Identity Theft Guide

Do you mean the credit for Elderly and Disabled?   There is a credit for the Elderly and Disabled which is so small that very few people benefit from it—-it has not been updated/increased by Congress for decades.   ELDERLY OR DISABLED CREDIT https://www.irs.gov/help/ita/do-i-qualify-for-the-credit-for-the-elderly-or-disabled  

There is a credit for the elderly or disabled (you don't have to be both). But because it has not been adjusted for inflation since 1983, very very few people qualify. If you qualify, TurboTax (TT) will automatically calculate it. It goes on Schedule 3, line 6d (2024). It is not a refundable credit. That is, you must have a tax liability to offset to get the credit. Very few people, with that little income have an actual tax to offset.   Having any social security income at all works against you. Essentially your potential credit is reduced by any tax you "shoulda paid” on the untaxed Social security income. If you have more than $5000 social security ($7500 Married Filing Jointly and both are elderly or disabled) or VA benefits you will not qualify for the credit. If you think you qualify, and TT missed it, In TurboTax (TT), enter at: Federal Taxes Tab Deductions & Credits -Scroll down to: --Other deductions & Credits   -Elderly or Disabled credit See schedule R for detailed calculations. https://www.irs.gov/pub/irs-pdf/f1040sr.pdf   A simplified  rule of thumb is:  if you have earned a  social security benefit, including SSDI, you won't qualify for the Credit for the Elderly and Disabled.

Some customers are not seeing the filling instructions and/or summary page on the Cover page. To locate the Filling instructions and Summary Page follow the steps below: From the TurboTax home screen locate the left panel. Click on Tax Tools, then Print Center. (if you don't see the Tax tools menu right away, open any section of your return, for example your W-2 section, then try again to locate the left panel) click on Print, save or preview this year's return. The Summary Page and Filling Instructions will be included there. How do I file my return by mail?