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LIVE ASSISTED https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm     FULL SERVICE https://turbotax.intuit.com/personal-taxes/online/live/full-service/     LOCAL TURBOTAX PREPARERS   https://turbotax.intuit.com/local-tax-experts/how-it-works/  

You enter an annuity start date because it tells the system when your payments are supposed to begin, and that one detail affects almost everything about how the annuity is calculated.   The annuity start date determines when payouts begin, how much they are, and what the taxable amount of the annuity is.

In Colorado, sales tax that wasn't collected by a vendor at the time of purchase is technically called Consumer Use Tax. You can report and pay this directly through your state income tax return in TurboTax.    You will find this in the Colorado state interview portion of the software.  Complete your Federal return first, then start or revisit your Colorado state return. Continue through the Colorado interview until you reach a screen titled "A few things before we wrap up your state taxes" or "Other Situations". Look for "Use Tax" (it is often the first item on the list). Click Start or Revisit. Enter the total dollar amount of all online or out-of-state purchases where Colorado sales tax was not paid.  The software will automatically calculate the 2.9% state tax based on your total. You may be asked if you live in a Special District (like RTD or RTA) that requires additional use tax. If so, you will enter the specific amount of purchases made while living in those districts.

No, not yet; not today!   You may need to use zero.  Look over the FAQ below and see if anything applies; there are a few situations where you may need to use a different amount.      How do I find last year's AGI?   If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. But remember any taxes owed are still due in full by the original April 15 date.

Based on the information you have shared, this could be the situation.  If you made the non-deductible Traditional IRA contribution either in 2024, or for 2024, then that contribution should have been reported on Form 8606 to capture the basis for your Traditional IRA.  Based on the statement that the Roth conversion is being taxed, this step may have been missed.   Once the basis (amount of non-deductible contribution to the Traditional IRA) is entered into your return, the conversion to the Roth IRA will not be taxable.   Take a look at the following TurboTax help article for the steps used to report a backdoor Roth IRA conversion.  Toward the end of the article there is information about what to do if your 2024 tax return did not contain Form 8606 to report the basis of the Traditional IRA.  Follow those steps to get Form 8606 filed and enter the basis into your 2025 tax return to correct the situation.   How do I enter a backdoor Roth IRA conversion?     If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. But remember any taxes owed are still due in full by the original April 15 date.   @camering3 

If you did not file last year, use 0 as the AGI.  Yo enter it on the return:   Open your return Select the File tab Continue until you reach the screen that says To continue, select options below Enter your corrected AGI in Enter last year's AGI here Select Continue and follow the screens until you've re-transmitted your return How do I find last year's AGI?

The"Live" experts do not prepare or help with 2023 returns.   You cannot change the tax year.   The current online program is for 2025 only.   Only a 2025 return can be prepared online and only a 2025 return can be e-filed.   Online preparation and e-filing for 2022, 2023, and  2024 is permanently closed. Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.   To file a return for a prior tax year  If you need to prepare a return for 2022, 2023, or 2024  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s) https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.   Remember to prepare your state return as well—if you live in a state that has a state income tax.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0     https://www.irs.gov/refunds   Refunds for tax years 2021 or earlier have been forfeited and will not be paid to you even if shown on the tax return form.  But if you owe tax due, you will still have to pay, and you will be billed later for the interest and penalties owed.  TurboTax will not calculate the penalties or  interest.   That will be done by the IRS/state after they receive your return with your payment of the tax due as shown on the tax form(s).       When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

The $20,000 deduction is correct for ages 55 to 64.   Per the Colorado Retired Military website:  "Retired Servicemembers Age 55 or Older If a retired servicemember is at least 55 years old at the end of the tax year, they may claim the regular pension and annuity subtraction on the Subtractions from Income Schedule (DR 0104AD) for military retirement benefits included in their federal taxable income."   The explanation of the deduction amount appears in Colorado DR104 Instructions on page 19 as follows:   "The amount of subtraction you can claim is also limited based upon your age. As of December 31, 2025, if you were:    • Age 65 or older, then you may subtract $24,000 minus any amount entered on line 3, or the total amount of your taxable pension/annuity income, whichever is smaller; if the amount in line 3 of this form is greater than $24,000, you may not claim any subtraction for pension and annuity income on line 4; or  • At least 55 years old, but not yet 65, then you may subtract $20,000 minus any amount entered on line 3, or the total amount of your taxable pension/annuity income, whichever is smaller; if the amount on line 3 of this form is $20,000, you may not claim any subtraction for pension and annuity income on line 4"  

You would have to remove the dependent on the federal return to have her removed on the state return. You can file the state return separately and then enter her back on the federal return before you file that one.

 To enter the sale in TurboTax:   Open TurboTax (Online or Desktop) Go to Federal Select Wages & Income Scroll to Investment Income Click Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Choose I’ll enter a summary myself or I’ll enter one sale at a time Enter the sale as “Inherited property – tax sale” TurboTax will automatically generate Form 8949 and Schedule D once everything is entered As an FYI, where you enter the cost basis, use the Fair Market Value at the date of death of the decedent. You can also enter an alternate valuation made in lieu of the value on the date of death.