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You have to put in your 1099Q even if you used all the distributions for education expenses because Turbo Tax calculates a running basis with all variables including education credits. Last year I forgot to consider the education credit for one of my sons and the distributions I took ended up being more than allowed because of credit (you can’t double dip). I didn’t take more than expenses, but after the credit, the access ended up being taxable. He didn’t have to pay a penalty, but he had to pay the tax. If you don’t input your 1099Q, you’d have to keep a manual basis, and the calculation is ridiculous. When I first started taking distributions for my son, I was told I didn’t need to input 1099Q. To get his basis I had to go back several years to figure out the basis. There is a worksheet in Pub 970. Please stop telling people they don’t need to input their 1099Q because you do to get your basis & pay tax if you take the credit over distribution. Credits are usually the better option. 

And you can not use a checking account, unless the checking account is inside your IRA.   A QCD has to go directly from the IRA to the charity.   If the IRA sends the check to you it has to be made out to the charity.  Then you mail that check to the charity.   I do all my QCD from Vanguard that way.    You only enter it from the 1099R.   

Literally the dame thing to me. And I just found out today when I called.  That because I paid turbo tax my fees out if my refund it makes me not eligible for the 5 days early.  But credit karma didn't tell me that.  It's Literally the imy reason I opened that stupid money account with them to deposit my refund into because id get it 5 days sooner. But now im not.  I'm so angry

Yes, this seems to be a turbotax issue and not a Schwab issue. I am having the same problem and went through the process with Schwab and they finally said I need to call Turbotax...I'm on hold and it says it will be over 30 minutes so I am going to hang up. I've never had this issue before but what I can say is that if I have to do this manually, this will be the last time I ever use Turbotax.   They need to fix this....

Thank you for sharing your diagnostic file and token number.  I have taken a closer look at the things you pointed out.     They have been reported in detail to the development team for their investigation and correction.     In the meantime, I was able to override the amounts during testing to see if there would be a change in your return when the corrections had been made.  It did not ultimately change the calculation and your DE bottom line stayed the same.     If there are any further updates in this matter, they will be shared here.     @TomMillerDE 

@aysoref Intuit typically updates TT Deluxe Desktop on a weekly schedule, and the software update drops in the overnight hours prior to Thursday morning.  However the change in the software that dropped the "Delete Old Data" code was not part of last week's software update (i.e., I tried after applying last Thursday's update and was still having the issue).    Therefore, my gut tells me that this is partner-specific code that is having to be rewritten for each financial institution.  That makes sense, because each partner has their own popups and dialog boxes, depending on whether their 1099 forms are available yet, and their various login / 2FA processes.  So it is possible that it will be a quite tedious thing for Intuit to fix.    Another data point.  I've yet to see anyone with this issue saying that they are using TT Online.

The New Mexico tax return has not been e-filed due to a pending product update related to Form PIT-ADJ capital gains. This update is scheduled for release on February 26, 2026. On or after that date, please log in to ensure your product has been updated (online versions update automatically). Once updated, review the New Mexico capital gains deduction by going through the New Mexico return and clarify the type of capital gain deductions, complete a final review and resubmit your return.   @Tyh417 

Interesting. It would be nice for TurboTax to potentially ask about the grace period specifically. In 2024, it just asks how much was paid "in 2024". TurboTax says not to include "expenses incurred in 2023, 2025 expenses you prepaid in 2024, or expenses you paid in 2025, even if they were for 2024". That last line is very ambiguous. I could be if you paid for the last week of December in January, do not include it. Or if you paid for expenses in 2025 during the grace period for 2024, do not include it.   2025 turbotax explicitly asked about carryover from 2024 and says this includes the amount used during the grace period. 

Certainly. The form you will use to report this QCD, which is part of your RMD, is/are your Form 1099-R(s).    Your Form 1099-R(s) report all of the money that you withdrew from your IRA last year.    And, although they may not indicate the exact amount that went toward your QCD, you can locate your specific checking account's statements to find the total amount you contributed so that you'll have it when inputting your Form 1099-R within TurboTax.   On your Form 1099-R, look for the Code used in Box 7. It might have a "Y" Code. If this code was used, it tells the IRS that the money was a QCD. However, if you see Code 7, which means regular distribution, you will still be able to indicate within TurboTax how much of your distribution went toward your QCD.   Here is how to report your QCD and RMD within TurboTax using your Form 1099-R (and checking account statement):   Go to Wages & Income on the left panel within your TurboTax account Click on the +Add more income box Scroll down to Retirement Plans and Social Security and click the down arrow to expand Click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) Click on +Add a 1099-R (Here, you may import or type in by selecting the Change how I enter my form box On the next screen, you can select Type it in myself, or other options, then Continue Select the box on the top left for Financial institution or other provider (1099-R), then Continue Enter the provider's information, then Continue Enter the details from your Form 1099-R, checking for which Distribution Code was used in Box 7 (or review if imported) Next, check the, I have more than one value in Box 7 box and select Y from the drop down menu (to trigger the QCD questions) Ensure the IRA/SIMPLE/SEP box is checked, then Continue Continue answering the questions, pressing Continue to advance When you reach, Do any of these situations apply to you?, check the box that reads, I transferred all or part of this money directly to charity, Continue Next, write in the total amount of your RMD (Don't include your donation amount yet) Next, check the, Some of this distribution applied to the December 31, 2025 RMD and enter your RMD again On the next screen, How much did your provider transfer directly to charity?, enter the amount of your total distribution that was your QCD, Continue Continue answering questions. When you reach, Let's go over any required...(RMD), click Continue (not the pencil)