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Hi, I was wondering if someone could walk me through entering my recharacterization and Backdoor Roth IRA into turbo tax based on my situation:   - In 2024 I contributed I contributed $7,000 directly into my Roth IRA and purchased some stock - In January of 2025 I realized I was above the limit Roth IRA limit the prior year and proceeded to perform a recharacterization in the form of the stock shares. By that time my shares had increased in value to $10,277. During the 1-2 days it was in my traditional IRA, the value increased to $10,626, and that's what was ultimately transferred back to my Roth IRA - In April 2025 I submitted my taxes for the 2024 year with form 8606 (line 1: 7000, line 3: 7000, line 14: 7000) - In December 2025 I contributed $7,000 into my traditional IRA and rolled it over into my Roth IRA performing a Backdoor Roth contribution for 2025. Unfortunately, 66 cents were left in my traditional IRA on January 1, 2026, and I have left it there since - Below are my 1099-Rs from 2025 and my 5498 from the 2024 tax year. I have not received the 5498 for 2025 (and suspect I won't before the tax deadline in April 2026)   Roth IRA form 1099-R 1. Gross distribution: 10277 2a. taxable amount: 0 7. R   Traditional IRA form 1099-R 1. Gross distribution: 17626 2a. Taxable amount 17626 2b. Taxable amount not determined and total distribution are both marked with X 7. Distribution code 2, IRA/SEP/SIMPLE box marked with X   Roth IRA form 5498 from 2024 5. fair market value of account 7. IRA type Roth IRA 10. Roth IRA contributions 7000   Questions: 1. Are you able to provide me a step by step guide based on my numbers? I've walked through it myself but I get confused based on the wording of the questions and I'm unsure if I've done it correctly. I have Turbo Tax Deluxe for Windows. 2. When I went through it myself I was prompted that I might need to amend my 2024 taxes I submitted last year. It didn't provide any information on what I would need to amend. Based on the information I've provided did I make a mistake with my reporting last year on form 8606? 3. My understanding is I'll have to pay taxes on the gains I recharacterized (e.g. 10,277 - 7,000 = $3,277). Where does this get reported? 4. During my recharacterization my $10,277 increased to $10,626 while in my traditional IRA. It was in the form of stock. Is this an issue, and how do I report it? 5. How do I report the 66 cents in my traditional IRA? My plan is to perform another backdoor Roth IRA this year and just make sure my traditional IRA sits at $0 before December 31, 2026   Appreciate all the help!

I’m entering a Voltex HPTS-50 (200 series) heat pump water heater under the Energy Efficient Home Improvement Credit (Form 5695, Part II), but TurboTax is showing $0 for the credit allowed this year (Line 29H). Details: • Cost: ~$6,000 • Installed in primary residence in the U.S. this tax year • Panel upgrade also entered separately (Line 25C ~$5000 → calculates $600 correctly) • QMID entered • All qualifying questions answered correctly (ownership, installation year, primary residence) • We went through a county energy efficiency program for this water heater, so this is definitely a qualifying heat pump water heater According to IRS rules, a qualified heat pump water heater should calculate 30% of cost (~$1,800) in the $2,000 bucket, but TurboTax is not recognizing it. Has anyone else run into this misclassification? Is there a recommended workaround or manual entry fix so the correct credit appears? Thank you!