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Did you e-file your tax return and was it accepted? You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.

I have the same question, but am using Turbotax Premier 2025.  The data showing in Turbotax for K-1 Partner's Capital Account Analysis (Section L) s the same as was shown in the 2023 K-1.  It does not match the current 2025 K-1. Nor the 2024 K-1 for this partnership.  Do I need to update the numbers in L Partner's Capital Account Analysis in the 2025 K-1 in Turbotax? The numbers on the 2025 K-1 are different from the numbers in Turbotax Premier for this partnership.  The Turbotax Premier dialog does not address Section L, Partner's Capital Account Analysis.  Does it matter?  Want to avoid questions from the IRS when I submit my taxes this year.   Would appreciate a quick reply as I'm nearly ready to file my 2025 taxes.   Thanks veehbj  

Ok, thanks for the explanation.  When I roll over the $65K pre-tax amount and leave $15K, which I then convert to a Roth, Form 8606 will take care of this — that makes sense. A few other questions came across: If I complete this transaction before December 31 and effectively empty my IRA account, do I need to wait until January 2026 to do a backdoor Roth for 2026, or can I do it right after completing this? For a backdoor Roth, how long do I need to keep the money in the traditional IRA before converting it to Roth? On the tax return for 2026, do I just report the traditional IRA contribution? If I do a backdoor Roth, will the tax documents essentially net to zero (e.g., $8,600 after tax contribution and $8,600 conversion resulting in no tax)? Also, I have a SEP IRA. Is it allowed  to roll the $65K into the SEP IRA instead of 401k? Is that even possible? And does having a SEP IRA create any issues for doing a backdoor Roth?