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Yes, you have to report the interest received on a seller-financed loan.   Click on Federal on the left side of the online program screen Click on Wages & Income Scroll down to Less Common Investments and Savings On Interest from Seller-Financed Loans, click on the start button

The simplest path to dealing with this nonsense, if one is - for the time being - precluded from updating their main PC to Windows 11, is to install VirtualBox then run W11 in a virtual machine. You can activate W11 for free, and as I can attest, it works just fine. While it may not be a path for the average person who knows only 'browser, email, instagram, roblox', there are plenty of guides out there for doing it.   I already filed and my return was accepted, via TT in W11 virtual machine.    Under other circumstances, I'd just tell people to buy a super cheap windows 11 laptop to do their taxes; unfortunately with AI vacuuming up all RAM, there is no such thing as a super cheap windows 11 laptop any more.   I don't think that lack of support for W10 is going to be the true killer for me (and all the rest of us who bristle at this ridiculous, early removal of support), but instead when they just completely discontinue direct software that runs on your PC, and force use of their web version.  I anticipate that'll happen within the next two years. So we're on borrowed time regardless.

You can import your 1099-B in the Investments & Savings Section under Wages & Income and your 1099-DIV will be downloaded.   Review the TurboTax article Where do I enter or import a 1099-B? for navigation instructions.

 Line 15 on the 1040 does take in account of AGI with adjustments for Sched1-A. Those adjustments are reported in Line 13b and are a part of the total on line 15.   The difference in the income is that If you are using the Qualified Dividends and Capital Gain Tax Worksheet, your "raw" income is adjusted because those specific types of income are taxed at lower rates (0%, 15%, or 20%). The IRS doesn't want you to treat income taxed at 15% the same as income taxed at 35% when calculating the limitation.   When you have qualified dividends, the IRS requires you to multiply those amounts by a fraction (like 0.4054 or 0.5405, depending on your bracket) before adding them back. TurboTax does this automatically without any participation on your part.   If TurboTax starts with your full AGI on Line 1 and then applies capital gain adjustments later, your Line 18 could end up lower than your real taxable income. That would limit your foreign tax credit more than it should. By starting with Line 15 (Taxable Income), TurboTax uses the same base the IRS counts as taxable income.   If the number on Line 18 is less than your Taxable Income on Form 1040, Line 15, that means TurboTax has already adjusted your dividends and capital gains using the multiplier, turning them into ordinary income. You do not and should not try to adjust the Line 1 amount to reflect a higher amount.   The reason why TurboTax doesn't show its work is because it adjusts these worksheets so that the numbers on Form 1116 match the tax liability shown on the Capital Gains Worksheet. The steps in the worksheets are just a way to get to the final result, not a detailed breakdown.   Note: If you want to verify the math exactly, look for the "Foreign Tax Credit Comp Wks".  If you choose to print your return, be sure to select that you wish to print a copy of your return plus all worksheets associated with it.        

@DaveF1006 Any thoughts on this?   In summary: 1) Do I need to amend any of the prior returns, including the prior amendments due to the 1099-R mismatches? If so, which forms and lines need to be changed? 2) What do I need to file for 2025 and what amounts/lines need to be input? Form 5329, Form 8606?

A 1099NEC is for self employment income and goes on schedule C. If you have money NOT at risk of losing, you can not take a loss on schedule C. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business. People usually check the wrong box.

On a mac you need to do this in firefox. It has to be the default browser. Safari and chrome did not work and it worked no problem for me with firefox. Called support and they told me this btw. I have two brokerage accounts with schwab and it imported both fine.

On a mac you need to do this in firefox. It has to be the default browser. Safari and chrome did not work and it worked no problem for me with firefox. Called support and they told me this btw. I have two brokerage accounts with schwab and it imported both fine.

TurboTax automatically generates form 8949 when you enter your Form 1099-B that has investment sales.   TurboTax does not support Form 8275 for e-filing.  If you need to file this form with your tax return, you will have to print your return, add the form, and mail it.   Review the links below for additional resources from TurboTax and the IRS:   Where's Form 8949? Video: When to Use IRS Form 8949 for Stock Sales About Form 8275, Disclosure Statement   Form 1099-B is reported in TurboTax under the Investments and Savings Section of Wages & Income.  TurboTax automatically completes Form 8949 when you enter your stock sales.  If you would like to import your 1099-B, review the TurboTax Help article Where do I enter or import a 1099-B?.    Follow the steps below to enter your 1099-B:   Launch TurboTax Select Wages & Income Select the dropdown by Investments and Savings Select Start/Revisit by Stocks, Bonds, Mutual Funds (1099-B) TurboTax will guide you through the screens to enter your 1099-B. For more information on broker transactions, ‌ refer to the TurboTax article What is Form 1099-B: Proceeds from Broker Transactions?