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I can provide more details if needed. I converted the funds to a Roth IRA in January 2026, so I have not received a Form 1099‑R yet. Based on what I’ve read online, I should only report that I made a nondeductible contribution to a Traditional IRA for tax year 2025 and indicate that my AGI is too high to deduct the contribution. Since the Roth conversion occurred in 2026, I understand that I will receive Form 1099‑R in January 2027, and that I will report the Roth conversion on my 2026 tax return. Is this understanding correct?

Thanks for the quick reply. I bought it from Costco (online delivery), instead of TurboTax. The Costco download link is not valid anymore. Was wondering if there's anyway to download it and install it with my key.

Thanks for your response.  My subject line may have been misleading but question I asked was that how to correct the owner of 1099-B as Turbo Tax is not asking who's 1099-B it is when it importing 1099-B, not necessarily how to import.  Turbo Tax does not provide option to correct the owner of 1099-B or instructions how to correct it after it was imported.  Anyway, I found the answer to my question at How do I change the ownership.  

In TurboTax 2025 Desktop for Mac, the usual way to access Forms Mode is by selecting View from the menu, then choosing Go to Forms. If the All forms menu is greyed out, it may be due to your current screen context or an unfinished step in your tax return. Try these steps: 1. Ensure you have started or opened a tax return file. 2. Click View in the top menu. 3. Select Go to Forms again. 4. If still greyed out, complete any required data entry prompts first since certain software areas may lock form access until minimum info is entered. If this persists, the software may restrict form editing at this stage, which is typical to prevent errors when the return is incomplete.

Thank you so much, Diane W777.  I decided to go through my own notes on assets for the last five years and re-enter them, although the program would not let me choose whether to depreciate for 5 or 7 years—it just chose 7 years, and I know that until now they were on a 5 year recovery period.   Regarding the advice that I should be able to go to my 2024 returned and see a list of all depreciable assets (from form 4562), I don’t think that is true.  If an item (such as a sofa) was put into service that year, it will list it, but any items that may be on their 2nd, 3rd, etc., year of depreciation are not listed, including, of course, what year they are on or what the method is. The program probably keeps track of it internally and adds it in, but the user cannot see it.  I used to get a worksheet (not a form) that listed everything that had ever been depreciated, with dates, convention, and method.  No more.   If that doesn’t seem right to you, please let me know.  I am grateful for your help.

You can use the amount your employer listed in Box 12 to enter the information after entering your W-2 by following these steps:  1. Complete entering the W-2, choose continue, then select that you have overtime on the screen Let's check for other situations. 2. On the "Let's check if we can deduct your overtime" screen choose Help me calculate my overtime premium or No help needed, I know what to enter. 3. Enter the requested information.   The requirements for entering and claiming this deduction are: *You must be a non-exempt (hourly) employee. You can only deduct the "premium" portion of your pay, which is usually one-third of your total time-and-a-half earnings or one-fourth of double-time earnings. Your filing status cannot be Married Filing Separately. Your modified adjusted gross income must be $150,000 or less ($300,000 for joint filers) to receive the maximum deduction of $12,500 ($25,000 for joint filers). You must have a valid Social Security number.

There is a bug in Turbotax Delux 2025 sch K partnership dividends calculation that was completely wrong.. In Form K1 input Part III item 6 (A), there was an input of Ordinary Dividends amount.  In 6(B), the amount of qualified dividends to be entered.  General speaking, the 6(A) should be the total dividends reported.  the 6(B) should be the total qualified dividends reported within the 6(A).. As a result, when the amount of the 6(B) increases, the % of the dividends received as qualified dividends received increases, therefore the tax due should be reduced instead of increases.  However, for turbotax delux 2025, when the 6(b) increases, the tax due would be increases. It was clear that turbotax tax treated the total dividends received as 6(A) + 6(B) therefore the total dividends received would be greater than 6 (A). That is completely wrong calculation. I urge turbotax to consult an experienced accountant to fix this errors.. I usually trust turbotax 100%, now I am really concerned the accuracy of the software.  Please fix this error! Thanks.   

Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns quickly and some are very slow.   STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  

Based on business miles divided by total miles the depreciation will change each year. The business cost basis changes each year and the business use percentage changes each year.    This means the depreciation allowed each year is based on the straight line half year convention using the the lower rates or ADS (alternative depreciation system) when the business use is 50% or less. Here is what should have been the rate each year if the business use was lower than 51% 2022 Year 1 - NA due to standard mileage rate possibly? 2023 Year 2- 20% x business cost basis 2024 Year 3 -20% x business cost basis 2025 Year 4 -20% x business cost basis 2026 Year 5 -20% x business cost basis 2027 Year 6 -10% x business cost basis Table 8A - IRS Publication 946 The miles are key to determining the depreciation each year. Based on what I can see it was purchased in 2022, not 2021. It appears the vehicle is used in both business and rental activity which does create more difficulty for the software. Currently and at the point of sale or trade due to calculating the appropriate deduction in each separate activity it's more challenging when actual expenses are used instead of  the standard mileage rate (SMR).    Be sure to check out both the sections to review all the detail about each vehicle.  If you don't have TurboTax Desktop, it may be a good idea to switch but it appears you are using that to view the worksheets.    I am reviewing the Depreciation and Amortization Report for 2025 under Schedule E and there is a separate one under Schedule C which is what you may be looking at because that one does not have all the data.   Please review the information provided and then update with your additional questions and we will help.   @firedrake123 

@timmichelle We cannot be sure what answer you are asking about as the "same" since multiple users have posted to this thread, but if you are asking if a 23 year old full-time student can be a qualifying child dependent, the answer is yes whether the student is an undergrad or a graduate student.   You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2025 taxes as long as they meet the following requirements: Qualifying child They're related to you. They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They're under the age of 19 (or 24 for full-time students). No age limit for permanently and totally disabled children. They lived with you for more than half the year (exceptions apply). They didn't provide more than half of their own support for the year.