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Where do I find my AGI?   https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947   Your 2024 tax return shows your 2024 Adjusted Gross Income  (AGI)  If you filed a joint return then the AGI is the same for each of you.   Form 1040        line 11   If entering the amount from your 2024 tax return does not work, then try entering “0” instead.  If that does not work and you still cannot e-file, then print, sign, and mail your tax return.   You can get a free transcript of your past return from the IRS:   https://www.irs.gov/individuals/get-transcript Note: If you filed late or amended your return, your correct 2024 AGI may not be in the system.  https://ttlc.intuit.com/questions/1944348-how-do-i-print-and-mail-my-return-in-turbotax-online Note:  If you mail your federal return, you will also need to mail your state return.  You will not be able to e-file your state return.

Report the interest on Sch B. In TurboTax, use 1099-INT to enter the income. List the name of the Indian bank and the interest amount in U.S. dollars. Note: You must convert the Indian Rupees (INR) to USD using the exchange rate effective on the date the interest was credited. You can use the IRS yearly average exchange rates for simplicity if the interest was received evenly throughout the year. Schedule B, Part III: You must check "Yes" on Line 7a indicating you have a foreign account and identify "India" on Line 7b.   Report the foreign tax paid: If your total foreign taxes paid are less than $300 ($600 if Married Filing Jointly), you can often claim the credit directly on Schedule 3 (Form 1040) without filing the complex Form 1116, provided all your foreign income was passive.   Form 1116 for all other scenarios: Category of Income: Passive for interest Part I: Calculate the taxable income from India. Part II: Report the taxes paid or accrued to India using the USD equivalent. The Treaty Limit: Under the U.S.-India Tax Treaty, the credit is typically limited to 15% of the gross interest.    Reference:  Treaty US- India Where do I enter the foreign tax credit (Form 1116) or deduction?  Note: The majority of people find the credit more helpful than the deduction. You can try it both ways- if you are a high itemizer.

Thank you for the detailed info; however, I forgot to mention that this was my 1st payment & I paid it before the 1st of Apr 2026 deadline (I'll pay taxes on it in 2026) so I assume it's not considered a missed payment.  Given that I did it properly, do I have to indicate on my 2025 taxes that the RMD was properly paid?  Again, I truly appreciate your help.

I would deem this solution as being completely unacceptable. Reason: TT wants everyone to dump their personally identifiable info into their databases via use of TT online process. That's already a terrible idea for anyone who gives a rat's a$$ about protecting their privacy. So, to address the limitation of accessing user data for desktop TT users they leave frequent "snags" in the system to ensure that the customer is still "connected" to their system. Now, in this particular case if all that was not already bad enough they suggest that you provide them with Administrative level access to the content of your PC. Wow, just WOW! The level of security exposure this creates does not represent a viable solution to the problem(s) that are unaddressed by Intuit.  

thank you so much for that information. I'm filling out the 5329 but have question. i had one ira that did take the distribution correctly and one that did not. so on 53a do i add them together or just the one that did not distribute?

Hi @RogerD1 ,   This is what I found online as the 1099-B received was for stock sales as a result of a merger:     From the EQUINITI agent we spoke to yesterday, she said that the 134 shares were on ONE certificate issued on 09/25/2002. Hence, it was a one time deal with a known date. Unfortunately I do not know how to choose apply this on TT Home & Biz. I showed a picture from a previous post with questions. That is my best guess at filing this information.   Thank you, Tulane

If you did not report in 2023, you will have to amend your tax return to report the loss.  If you did report the loss in 2023, you must still check that you entered the carryover in 2024.  You are required to use another $3,000 against your 2024 ordinary income (unless you have 2024 gains to offset).   If you need to amend, see How do I amend my federal tax return for a prior year?   Your carryover loss is not limited to $3,000 - it is first applied to long term capital gains, then the $3,000 loss limit applies to other income.  So if you reported it, you would have had a $3,000 loss in 2023 and 2024.   If you used TurboTax, it automatically applies the loss and carries any additional loss forward.

I am not sure where you ended up.   I think you should either change the current 1099-SA to '1' or leave that alone and ask or a new "normal" distribution. You have to do one or the other to cut off the carryover.

If this is the land mentioned in a different post, it is considered an investment sale. This assumes it was not used in business and no other business assets would be part of the sale.   To enter your sale in TurboTax, follow these steps.  Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open TurboTax Desktop: Search for investment sales and then select the Jump to link. Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Answer Yes to the question Did you sell any of these investments in 2025?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales?