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The cost basis is the price you originally paid for the stock. You may have to adjust it to reflect events that occurred during ownership Like reinvested dividends,  Stock splits,  Or fees.  The adjusted cost basis is used in calculating the capital gain or loss for tax purposes upon selling.   

Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   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.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

Once your tax return is released to the IRS, TurboTax has no control over it. However, the IRS has published an article because delays happen so frequently. Why it may take longer than 21 days for some taxpayers to receive their federal refund The IRS states, "To check the status of a refund, taxpayers should use the  Where's My Refund? tool on IRS.gov." You will need: Social Security Number Zip Code Refund amount  

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.      

Report these as two separate sales. You received two different 1099-B forms from separate accounts, and the IRS will look for those exact entries to match what the brokerages reported. Combining them could trigger a matching notice, since the IRS system won’t see a single $65,000 sale on your 1099-B records.   Entry 1: Report the sale associated with the $15,000 investment. Entry 2: Report the sale associated with the $50,000 investment.   When a partnership is liquidated, you actually have two "halves" of the transaction to record in TurboTax. First, let's address the K-1.   1. The K-1 Entry (The "Inside" Basis) Go to the K-1 (Form 1065) section. You will likely have received one K-1, or perhaps two if the partnership tracked the accounts separately.   Check the box that says "This is a final K-1" and "I sold or otherwise disposed of my entire interest." TurboTax will ask for your Basis. This is often the part that trips people up. Your basis is not just what you paid; it’s adjusted by the income, losses, and distributions reported over the years on your K-1s. The "Double Counting" Warning: TurboTax will ask if the sale was reported on a 1099-B. You must answer Yes. This tells the software to coordinate the K-1 data with the 1099-B data so you don't pay tax twice on the same gain. 2. The 1099-B Entry (The "Outside" Sale) Go to Investment Income > Stocks, Mutual Funds, Bonds, Other.   Enter each 1099-B info exactly as it appears.  Crucial Step: When it asks for the Cost Basis, use the adjusted basis calculated from your K-1 records. Often, the 1099-B from a brokerage will show a cost basis of $0 or the "original" purchase price. This is frequently incorrect for partnerships. Since this is "part of a trust," ensure you are working within the TurboTax Business (for Form 1041) or the specific Trust section if you are a beneficiary receiving a K-1 from the Trust itself.   If the Trust is a Grantor Trust, the activity flows directly to your personal 1040.  If the Trust is Irrevocable, the Trust itself pays the tax (or passes it to beneficiaries), and the entries must be made on the Trust's tax return  

@rcepuch , there is a lot users having issues with form 1116.  But my struggle is that  for every case that I have replicated, using Windows Desktop " Home & Business" ( with the latest update), I have not been able to  find the issue seen by the  poster.  Granted, often the screen questions are quite unclear , confusing and/or easy to mis-interpret the intent, I am desperate to duplicate what the user is seeing.  Something I am missing. You are correct that in the  scenario you present, RIC is not the correct category --- you need to enter each country name, the foreign source income from that country and the  Foreign tax paid to that country.  But I just handled another user's scenario with  Dividends from four different countries and could not make it fail -- Turbo behaved as I expected.  But it did frustrate me many times --- the screen texts were not clear.  The only advantage I have is I am aware of what the form is trying to do and therefore perhaps persisted  to get the correct answer ( with multiple "back" selections ).  I did this all in the step-by-step and confirmed the  entries  ( when all done ) by going in to forms mode. Can you spend a little more effort ( frustrating as it would be and I apologize for that in advance ) and tell me exactly and in detail what your scenario is  -- both the income area entries and then in "Deductions & Credits" area, including the steps/screens etc. in entering the  form 1116 entries ?  Please.  I would  like to recreate your situation and see if I can create the errors that you are seeing.  Thank you 

They knew about this bug in February. It is infuriating that it was not fixed yet (at least in the Desktop version that I am using). It happens in the "visit all" mode. BTW, the workaround is to click "back' instead of "continue" when TT asks about the institution name. You will see an empty form; click the trashcan and it will be gone until you click "visit all" again, requiring the same workaround.

Yes, we an check the Email address on the account.   Sign in to your Intuit account. Go to Sign in & security. Select Email address. Review, then enter your email address,  Then Save. If you can't sign in to your TurboTax account and can't get your email,  Fill out our Account Recovery Request Form.

If you do not see the option to say you do rental properties in the getting to k now you section, you can get there through step by step.  You will need to use at least TurboTax Premier Desktop or Premium Online.  You will find rentals under the business income section of Premium or the Income section of Premier.  

If you took out enough (or more than enough) from all 3 retirement accounts to satisfy your RMD determined by aggregating your 3 accounts, then you will satisfy the RMD requirement without getting penalized.  If you withdrew just enough to satisfy the RMD then use the gross distribution amount for each 1099-R as the RMD for that account.   As an example, let's say your 2025 RMD from your aggregated accounts was $15,000 and you withdrew the following amounts (from Box 1 on the 1099-R) from each account:   Account 1:  $4,000 Account 2:  $5,000 Account 3:  $6,000 When you enter the 1099-R for Account 1 in TurboTax, when you get to the Let's get more information about your Required Minimum Distribution (RMD) page for that account, you will enter $4,000 for the RMD amount.  There is an exception to this:  If this RMD was your first RMD due on April 1, 2026, then you would enter 0 for the RMD.   On the How much of this distribution applied to your December 31, 2025 RMD? you would answer that the entire distribution applied to the December 31, 2025 RMD (provided all 3 account withdrawals were enough to satisfy the RMD.   If you had non-deductible amounts contributed to your retirement accounts, a screen will appear after the 1099-R summary screen titled Traditional IRAs where, if you click Yes, you can enter information to determine how much of your distribution is taxable.  This will require knowing your total basis from the 2024 Form 8606 (Pt. I line 14) and the total value of IRAS as of 12/31/2025.

Your section 179 deduction carryovers would appear on line 10 of your depreciation Forms 4562. You need to add them up and put the total on line 24 of your carryover worksheet, in the previous year column. That number is wrong for some reason but it should not affect he calculations on your return.

Have you entered all of the numbers into the K-1 form already?  The beginning capital account sounds like it carried over and then the activity that you report on the K-1 is how you get to the ending capital account.     If the activity reported on the K-1 doesn't move the needle then you need to figure out what changed the capital account.  Was it a distribution?  If that activity is not on the K-1 then you will need to enter it in order to change the capital account.

Thanks for your advice.  Turbo Tax goes in circles if I respond that I want to request a payment plan.  It requires completion of form 9645.  There should be option to respond that a payment plan has been or will be requested online by April 15 which would bypass the 9645.