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"This letter confirms that <financial investment group> has completed the excess removal from your Roth IRA account on 04/08/2022.  The excess contribution amount of $5800 and earnings has been removed from this account for 2020."   Now it makes some sense.  It has nothing to do with a backdoor.  However, it appears that attributable earnings were mistakenly distributed.  Earnings should have remained in the account.  Earnings are required to be distributed only if done before the due date of the 2020 tax return, including extensions.  This distribution was only permitted to be an ordinary distribution reported with code J, T or Q by itself, so hopefully that is what was done, not reported with code 8 or code P combined with code J.   If the excess $5,800 contribution was not reported on the 2020 and 2021 tax returns, those need to be amended to report this excess for each of those years.  It seems that the amendment to the 2021 tax return also needs to show the traditional IRA contribution that resulted from the recharacterization of the Roth IRA contribution made for 2021.  The 2022 tax return needs to show the traditional IRA contribution that resulted from the recharacterization of the Roth IRA contribution made for 2022 as well as the Roth conversions performed that year.  Note that the amount on line 14 of the amended 2020 Form 8606 carried forward to line 2 of the 2021 Form 8606 and line 14 of the 2021 Form 8606 carries forward to line 2 of the 2022 Form 8606.

As you walk through the installment sales question you will come to a question that asks Related Party Sales.  Answer Yes.  Then the next screen asks for their information.  To get there select the following: Federal Income Less common Income Installment Sales continue through several questions and you will see this question.

Thanks for the help! Income was already entered as 0 but I also changed taxes paid as 0 from blank. I can now see general category form 1116 generated. Solution was to enter 0 in income and taxes paid as suggested by you.

This issue still has not been fixed.  Consequently, I cannot file my return, nor can I get my tax refund.     Please provide a date by which this issue will be fixed.  If you this is not fixed by 20 February, I need to request a refund so I can use a different service to file my return.  (Please provide instructions for requesting a refund from TurboTax.)

Form 1099-MISC may report income or benefits you received that is not reported on your W-2 form. You would have to ask your employer for an explanation if you can't discern what income is being reported. Follow these steps to enter the 1099-MISC form in TurboTax:   1. Start in the Federal section of TurboTax 2. Look in Wages and Income and find the Other Common Income section 3. Choose Income from Form 1099-MISC 4. Complete the Form 1099-MISC entries and answer the questions designed to determine the best way to report the income on your tax return   Also, if you are not self-employed, when you answer the questions after entering your Form 1099-MISC, indicate that the income is not associated with your job, you did not have a profit motive for receiving it and you only received the income in the current year. Otherwise, the income will be treated as self-employment income in TurboTax.    

Yes, the 2025 1040-X is not yet available for Efiling and may not be until early March.  Once it is, and your daughter submits an amendment (even by Efile) it can take up to 12 weeks to process.   I'd suggest you mail in your return in order to not miss the filing deadline.  An alternative would be to Efile without your dependent now, and Amend to add them later or to use the IP PIN Filing Method as suggested above.     @marchbaby1979     

What code is in Box 7 of the 1099-R that you received for this distribution?  A code J would be for an early distribution (under age 59.5 years old).  After you enter the details of your Roth IRA, you will answer questions about, whether it has been open for 5 years or not, if you have made withdrawals in prior years, when you opened it and so on.  You'll get to a screen that says Roth IRAs which asks for the Roth IRA contributions prior to 2025 - enter the amount in that field for your contributions.  Then if your 1099-r Box 7 code is J and your contributions exceed your withdrawal, this will not be taxable.   If you have additional details about your Roth IRA withdrawal that I missed above, please provide those - especially the Box 7 code on the 1099-R

No, that would be the correct filing status based on you answers to the questions for your dependents and your household.  You receive a higher Standard Deduction for Head of House versus Married Filing Separately.   Married Filing Separately - $15,750 add $1,600 if age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older