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"it so happens my custodian has told me today I do not have to pay the 10% penalty from my own fund, rather, they will handle that."   If you roll over the entire gross amount, there is no penalty.  I can't imagine what they are going to "handle."  All they need to do is accept the rollover of whatever amount gets deposited into the traditional IRA as a rollover contribution.   When entering the Form 1099-R into TurboTax, you will tell TurboTax the amount that was (will be) rolled over and TurboTax will exclude this amount from the amount of taxable income shown on Form 1040 line 4b and will mark the box to indicate a rollover.   I'm now quite confused about what the mistaken transaction was and the type of account from which the distribution was made.  If there was an in-kind distribution of shares from a Roth IRA, there would have been no cash to withhold for taxes.  If the distribution was instead a cash distribution, there would have been no capital gains.  Only if there was a distribution of a combination of cash and shares could you have both tax withholding and capital gains.   If there was an in-kind distribution was from a Roth IRA, you are not permitted to sell the shares and roll over the proceeds.  Only if the distribution was from a designated Roth account in an employer plan are you permitted to do that.   What is the code in box 7 of the Form 1099-R? Is the IRA/SEP/SIMPLE box marked?

Go to the personal info section and select the pencil to edit the answers for your child.  If that does not work, then you can delete the dependent worksheet.  After you delete the worksheet you can go back and re-enter her.  Pay close attention to the months that she lived with you (if she is away at school that counts as a temporary absence so you would include those months as well) .  The other question to pay close attention to is did she provide over half of her own support.  Obviously with that amount of income she did not, but sometimes this question gets answered in the wrong way so it excludes them from being a dependent.     From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.) On the drop-down select Tools On the Pop-Up menu titled “Tools Center,” select Delete a Form  This will show all of the forms in your return  Scroll down to the form you want to delete  Select the Form  Click on Delete.  Always use extreme caution when deleting information from your tax return.  There could be unintended consequences.   

You can see your asset worksheets by using the Forms menu option on your menu bar in the desktop version of TurboTax. They will be listed below the Schedule C in the list of forms and will appear as Asset Entry (name of asset). If you are working with the online TurboTax, you can only see the asset worksheets after you pay for your program and print out your forms and documents.

Great!   The annual income after expenses (property tax, insurance, maintenance) is probably close to 8k or 9k.  Does that make a difference insofar as what the capital gains tax will be?   Also, the rental property was fully depreciated when it was put in the trust.  So there has been no further depreciation applied to the property.  Does that affect the capital gains tax?   Thank you for the advice! 

You can get a Wage and income transcript directly from the IRS for free.   You may register to use Individual Online Account to view, print, or download. If you're unable to register, or you prefer not to use Individual Online Account, you may order a tax return transcript and/or a tax account transcript through Get transcript by mail or by calling the automated phone transcript service at 800-908-9946. Please allow 5 to 10 calendar days for delivery.

TurboTax does not directly calculate your Required Minimum Distribution (RMD); instead, it helps you report it by prompting you to enter the amount from your 1099-R form after you take the distribution, which is based on the prior year's Dec 31 account balance divided by an IRS Publication 590-B life expectancy factor.    If TurboTax asks you to identify the amount of the distribution that represented an RMD, identify the RMD amount.   From an IRS FAQ page:   Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). Choose the life expectancy table to use based on your situation. Joint and last survivor table II - use this table if the sole beneficiary of the account is your spouse and your spouse is more than 10 years younger than you.   Uniform lifetime table III - use this if your spouse is not your sole beneficiary or your spouse is not more than 10 years younger Single life expectancy table I - use this if you are a beneficiary of an account (an inherited IRA) See the worksheets to calculate required minimum distributions and the FAQ below for different rules that may apply to 403(b) plans.

You have at least until April 15, 2026 to rollover a distribution of a Qualified Plan Loan Offset (QPLO).  According to the IRS:    IRC Section 402(c)(3)(C)(i) provides that a distribution of a QPLO may be rolled over by the participant (or spousal distributee) to an eligible retirement plan by the individual's tax filing due date (including extensions) for the taxable year in which the offset is treated as distributed from a qualified employer plan. The individual can obtain a six-month extension of time to complete the rollover (typically from April 15 to October 15) by obtaining an extension of time to file his or her individual income tax return.   For more information see the following IRS article:  Plan loan offsets

What flood?     See this page. https://www.irs.gov/newsroom/tax-relief-in-disaster-situations   https://www.irs.gov/newsroom/access-retirement-funds-in-a-disaster   https://www.irs.gov/newsroom/disaster-relief-frequent-asked-questions-retirement-plans-and-iras-under-the-secure-20-act-of-2022   Qualified disasters are declared by FEMA and you can look them up on the FEMA web page.     If you qualify, you can withdraw some funds from a retirement plan, and you can access the following special rules: 1. Reduced or eliminate the 10% penalty for early withdrawal on part of the withdrawal (but you still owe income tax). 2. Stretch the income tax on the withdrawal over 3 years instead of paying the tax in one year. 3. Pay back the withdrawal into your retirement account within 3 years, rather than the usual 60 day rule for rollovers. The funds must be withdrawn within the first 180 days after the disaster started, in order to qualify for special treatment.      I'm also not sure what turbotax is telling you because I can't see the screen.  Is turbotax telling you that you might be in a disaster area?  Or is the program telling you that you are in a disaster area, but if you want to use the special rules you have to wait to file because form 8915-F isn't ready yet?

yes, I have for over 20 years used the download version. This year I thought I was saving money and used the online version. What a huge mistake. I will never use that. Many problems including you can never view the forms. Always goes to question input. I did not know there was an error on the forms until I printed them. Once printed you can not make any changes. If I could rate it a 0 zero I would. Will have to call and talk with them which I know will be a pain in the neck. 

No.   TurboTax does not have your W-2's.    Even if you snapped a photo or imported the W-2's, TurboTax does not retain copies or images of the W-2.   Only the information you entered is saved on the worksheets which are part of the pdf of the saved return.   If you need an actual copy of a W-2 contact the employer for another one.