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Hi there,   I'm trying to report a backdoor Roth conversion, but am having some issues and have followed many of the steps on other threads. Like many others I am getting flagged as making "excess contributions" and receiving a 6% penalty for making the maximum $7K contribution.    The key difference in my scenario is I had a nonzero balance in my Traditional IRA at the end of 2025 (I thought I only needed a nonzero balance when I made the contribution), so I'm not sure if that's why, but I haven't been able to reach the screen where I am able to specify the amount of nondeductible contributions.   I have deleted the IRA deductions & credits and redone them as well as deleted and re-added all my 1099Rs; just to see if that would change anything, but I'm still getting a 6% early withdrawal fee penalty. Again it doesn't seem like I should get a penalty (and I definitely don't want to be getting this penalty yearly), if it's a backdoor conversion.   I'm trying to use TurboTax to self-report, and not have to go to a CPA, so is there any way to correct it and do it on this platform? Should I file the 8606 separately somehow or amend it later? Just trying to understand my options, thanks!

I'm using TT Premier online 2025.  I uploaded my 2024 return and TT gives me a list of institutions that paid me interest. Now I want to enter 2025 interest info for those same institutions. After clicking on ADD, I have to hunt through a list for the institution name, or manually type in all the info including bank name. Where is the EDIT option that lets me select an institution from last year's list, and simply edit the interest amount?

I over paid taxes in 2024 and when I make my updates it drops my owed amount from $5000 down to $3000, but it still says I owe $3000 rather than getting a reimbursement for over paying by $2000. I also do not see that a 1040-x is being generated.

Hello,   I have a question with specific numbers about how to allocate sales price ($900k) and selling expenses ($40k) to individual assets when selling a rental property (bought 2015 for $500k, sold in 2025 for $900k).   Let's say the cost basis:   - $300k for land (2015) - $200k for building (2015), depreciation taken $70k - $20k for kitchen remodel (2017), depreciation taken $5k - $30k for roof replacement (2024), depreciation taken $1k   Total original cost basis is $550k (but at different time, new roof is less than a year-old when sold). Do I use the percentage of the original cost basis or the adjusted cost basis (original cost minus depreciation)? Form 4797 Part III line 21 and 23 include sales expense in adjusted cost basis.   Or do I use the FMV in 2025 (county assessor for property tax purpose use $700k for land, $200k for building+improvement)? But then how much to allocate for kitchen remodel and the roof?   Thanks   p/s: some numbers are rounded/approx. for simplicity so depreciation schedule might not checkout

It is now March 25 and again the TT software isn't transferring complete asset data from one year to the next. This problem has occurred in prior years, was fixed and then had to start return over. Why is this a problem every year?  I don't have time to send the return file to the nonexistent TT IT people to look for corruption or some other reason to blame it on the user instead of the **bleep** software.  Thank you.

Good Evening,   My Dad passed away in 7/2024 and this is the first tax year my Mom is filing as Single.   For their Arizona returns, they always donated to Qualified Charitable Organizations (Form 321) and Private School Tuition Organizations (Form 323) to take these two Arizona credits.   They had NO carryover from 2024 to this year for the QCO donations. They HAVE a $605 carryover from 2024 to this year for the Private School Tuition Organizations.   Under “School Tax Credits”, I checked these boxes: “I donated to an Arizona private school by April 15, 2026” “I have a credit carryover for contributions to private schools from 2024”   A Filing Single maximum contribution of $769 was made in 2025 to a private schools tuition organization.  None of this was deducted on the Federal side.   Under “Prior-Year Carryover Information”, here’s what’s listed: 2022 - $1,000 Original Credit Amount and all of that was used in 2022 2023 - $1,000 - Same as above, but used in 2023 2024 - $1,459 was the Original Credit Amount and $854 was used in 2024 (the year my Dad died).  So there should be a $605 carryover based on this info, as well as it is shown on the Carryover Worksheet from 2024 TT, and what 2025 TT shows me under “Confirm Credit Amounts to Claim this Year”   For Form 321 (CQOs): 2025 - $495 in contributions were made (the max for Filing Single) None of this was a deduction on the Federal side “Confirm Credit Amounts to Claim this Year” shows their 2024 $605 carryover from the private school donation as well as 2025’s $769 private school contribution, for a total of $1,374.   TT shows my Mom’s Arizona Income Tax is $2,092 minus her credits of $1,869 for a balance due of $223.   Everything is fine UNTIL I get to the Review stage and then it goes haywire.   Form 321 - TT tells me, “Original credit amount should not exceed the maximum credit amount for prior years of: $470 and the “Original credit amount” box lists $645, which is from 2022 (no carryover) $470 and the “Original credit amount” box lists $560, which is from 2023 (no carryover) $470 and the “Original credit amount” box lists $938, which is from 2024 (no carryover)   Form 323 tells me essentially the same thing: I can’t exceed the maximum credit amount for prior years of $731 $1,000 from 2022 (no carryover) $1,000 from 2023 (no carryover) $1,459 from 2024 (carryover of $605 for 2025)   Why is TT all of a sudden trying to force me to use $470 and $731 as maximum credit amounts for prior years? Is my Mom no longer able to utilize the $605 carryover for the private school org donation because my Dad died? Finally - how in the world do I fix all of this?  I have no idea what’s happening, why, or what dollar amounts to actually use now.   Thank you so much to anyone who can help me out of this 2025 TY mess.