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If your 1099-R shows an amount for 'State Tax Withheld' in Box 14, it needs to relate to an amount of Income in Box 16.  If the Payor does not fill in the amount there, it's their error.  Usually it's the same amount as Box 1, so they may feel it's redundant to print on the form.   In the past, if you had an amount in Box 14 and nothing in Box 16, you would have received an error, so you may have entered it in TurboTax, even if it wasn't on your original form.    @Rocermj 

If you need to amend your tax return, do NOT do so until you have received any refund you are expecting.  Once you have received your refund (or letter explaining why you're not going to receive it) you can amend your return.  But do not do so before that.  For more information on filing an amended return see:   How to File an Amended Tax Return with the IRS  

You entered everything correctly.  I just recreated your scenario in TurboTax Online and did not have an issue in the Final Review.  I recommend you delete the Form 1099-DIV and re-enter it.  If you imported, enter it yourself this time.  It also might help to close your return, clear your cache & cookies and re-start your browser.  It's amazing the strange things clearing C & C will resolve. 

I appreciate you taking the time to help me.   I waited until too late in the year to where I could empty the account before years end but roth converting it would've taken until the next year, muddying the waters for taxes. In hindsight, I should've done this sooner in the year and roth converted it. I was trying to get rid of all her traditional IRA money before 12/31/25 so the pro rata rule wouldn't force me to pay taxes on her backdoor Roth conversion. That appears to have worked.   However, I was expecting to pay the full 10% penalty on the $1030.61 withdrawn from the trad IRA. The math you presented makes sense in calculating how turbotax got to a $13 penalty, but shouldn't I have to pay more? Because by the end of the year, her $7000 trad IRA contribution (yes, nondeductable as above income limits - that's why we're doing backdoor roth) had already been converted to her Roth IRA. Why does the pro rata rule apply here (and actually save her money in penalties)? Also, if it's counting her roth money, why didn't it take into account the money that was already in her roth prior to 2025's backdoor roth conversion (~$25000)?   Does this make sense? I've read up a lot on this but still fairly new to the game and learning the fine details. Thanks

  This is our 2nd year taking a RMD for my husband. We always take extra $ to satisfy the requirement. In a separate transaction, we did a Roth conversion. Fidelity sends us one 1099-R for both transactions showing:    Example: Took $25,000.00 RMD and did a $15,000.00 Roth conversion. 1099-R:    Box 1: $40,000.00                 Box 2a: $40,000.00                Box 2b:  X Checked for Taxable amount not determined                   Box 7:   Code 7                 IRA/SEP/SIMPLE Box:  X (Checked)   We also receive a 2nd 1099-R for husbands pension: Example: Box 1: $30,000.00                   Box 2a: $29,922.00                   Box 4: $3,100.00                   Box 5:  $78.00                    Box 7:  Code 7   The form 5329 is empty with no entries on any of the lines. The only info is in the "Additional Retirement Accounts Smart Worksheet": the 1099 amounts in the RMD for Acct and Distributions box which are the same $25,000.00. ( I used the amount for the pension 1099-R from Box 1 =$30,000.00) I don't see any penalty since form 5329 is empty. I don't have a schedule 2 in my return, where Line 55 of form 5329 would be. Form 1040  line 23 is zero (Other taxes from schedule 2).   Do I need to just delete form 5329??   Appreciate your help.    

You will enter your income in the Self Employment section, then deduct your costs as expenses, all on Schedule C.   Where do I enter Schedule C?   You can enter an expense for the cost of the items.    If you keep an inventory, you can use the Inventory account (Cost of Goods Sold or COGS) in TurboTax.   But you are probably not required to keep inventory, so you can enter your purchases as Supplies.   The article below has instructions for each method depending on the version you are using.     How do I report Inventory / COGS in TurboTax?

Here’s a work around to apply your state refund to next year’s tax return, follow the steps below:   Select State from the left menu. Select Go to state return. At the screen “Status of your state returns” select Continue by your state return On the next screen, “Your 2025 state taxes are ready for us to check” select Edit by Other situations. Select the down arrow by Other Forms - Pay estimated taxes, file an extension, or amend your return and select Start by Estimate tax payments for next yea.r Select Yes on the next screen, “Do You Want to Pay Illinois Estimated Taxes for 2026?” TurboTax will guide you through the screens which you will answer. When you get to the screen “Choose Your Payment Option”, you can choose the amount that you want to go towards your taxes for next year. The next screen “Apply overpayment of (amount of your refund)” where you select all or a specific amount. The next screen will confirm the amount of your overpayment that will go towards your 2026 estimated taxes.  

@DaveF1006    Thanks for the response.  Should this be a separate FBAR form as my spouse is not involved or can I combine (with and without my spouse) all the account details in one FBAR form? Please advise.   Thanks