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You owe more than $50k so you are not eligible at the moment. Options: If you already have a payment plan, you want to add this into the existing one. Once the IRS processes your return and is in the IRS system, it will allow the payment plan.  If you want to set up the plan for $50,000, that is an immediate fix. You should pay the remaining $9k either immediately or soon. The IRS may reject your payment plan if they see a large balance not applied. If you can pay within 6 months, you don't need the big payment plan. Considerations: The IRS is more likely to file a tax lien when you owe over $50k. See Understanding a federal tax lien

To return to the at-risk question, follow these steps:   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Scroll down to Self-employment click on the dropdown menu. Click Start/Revisit to the right of Self-employment income and expenses. At the screen Your 2025 self-employed work summary, click the pencil icon to the right of the self-employment activity. At the screen Here's your XXX info, click the pencil to the right of Uncommon situations. At the screen At-risk limitations, make the selection.

I figured out half the issue. It is related to my 1065 K-1 which has a loss of $4,919 reported on schedule E. If I remove the 1065 K-1, the dependent care credit Form 2441 calculates my earned income correctly as $1,818, which is my W-2 income, shown on Form 2441, Part III, Line 18. However, if I add my 1065 K-1, the program somehow calculates my earned income as $1,818 + $5,000 - $4,919 = $1,899 (Form 2441, Part II, Line 4), and for some reason Form 2441, Part III, Line 18 would show $0.   Any solutions to this?

"Neither TurboTax nor the IRS knows the amount of RMD you should take (or have taken).  The IRS expects that you and your plan administrator insure that your RMD is taken correctly"   Please!   IRS knows what your RMD is by way of Form 5498. It is not the job of the custodian to make sure your RMD is taken out. Their calculation and notices are for your convenience. @MarilynG1           

It depends. First you must know it is completely worthless. If not worthless, then you may have to wait unless you did sell it at a loss.   The sales price would be zero and the cost basis would be what you actually paid for the stock and December 31st as the date of sale    To enter worthless stock as investment sales: (You should use the description as 'Worthless'.) Open (continue) your return in TurboTax. In the search box, search for investment sales then click the "Jump to" link in the search results. Answer Yes to the question Did you sell any investments? If you land on the Here's the investment sales we have so far screen, click Add More Sales. Answer No to the 1099-B question and select 'Other' as the Investment Type, Name is Worthless XXX On the next screen, select the type of sale you had (stock, second home, collectible, land etc.) and click Continue. Continue following the onscreen instructions to enter the sale.  Helpful Information: IRS FAQ -Worthless Security Please update here if you have additional questions after your use these steps. Once completed you can review Forms or print your return.   You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready. Can I print a copy of my return in TurboTax Online before filing? If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.

Thank you so much! So to be clear, (it's been a long day!) the amount entered into schedule E as Other or Miscellaneous (Tied to the Section 481 Adjustment) is a positive amount. Thanks again for all of your time and information.🙏

STEP ONE Enter the 1099-R  Go to Federal > Wages & Income > Retirement Plans and Social Security and click Start/Edit next to IRA, 401(k), Pension Plan Withdrawals (1099-R). Enter the 1099-R exactly as shown with Code T in Box 7. On the "Owned Any Roth IRA for Five Years?" screen, select Yes. On the "Enter Prior Year Roth IRA Contributions" screen, enter your total historical net contributions. Include the $3,630 from 2021 here so TurboTax knows you are withdrawing "basis" (contributions), which makes the distribution tax-free.  STEP TWO Remove the penalty Go to Federal > Deductions & Credits > Retirement and Investments and click Start/Edit next to Traditional and Roth IRA Contributions. Select Roth IRA. On the screen "Do you have any Excess Roth Contributions?", answer Yes. On the "Enter Excess Contributions" screen, enter the $3,630 as the carryover amount from 2024. On the next screen (the "penalty" screen), enter $3,630 in the box for "amount withdrawn in 2025" (or "amount withdrawn by the due date").  

Column A is what you reported originally - but you say yours is not accurate. Perhaps you made some changes before starting the amended return. You may need to delete the amended return and any changes. You need column A to match your original return.   Column B is the change. I wonder if you entered the loss more than once. This needs to be the correct amount of change. Your Sch D and 8949 are part of your amended return and those forms need to be accurate.   You can try revert to original or delete amend and all the changes made. Once your return exactly matches what you filed, select to amend.

If your investment records do not report a cost basis, elect $0 as the cost basis.   Report the date acquired from your investment records.   Select LT/ST basis not reported to IRS (noncovered).   For What type of investment did you sell, select Stock (non-employee).