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P.S. my assumption is this 1099-R was for tax year 2024 and it was in your 2024 taxes to take care of the recharacterization then   Roth IRA form 1099-R 1. Gross distribution: 10277 2a. taxable amount: 0 7. R

Is it giving you the Other Dependent Credit instead of the Child Tax Credit or is it giving you the Additional Child Tax Credit?    Even though your child has the SSN, you would not be eligible for the Child Tax credit due to not having a SSN, unless you are filing a joint return and your spouse has a SSN that is valid for work.    Who qualifies for the Child Tax Credit/Additional Child Tax Credit To qualify for the Child Tax Credit, you (or your spouse, if married filing jointly,) and each qualifying child must have a Social Security number that is valid for employment in the United States and issued before the due date of the tax return (including extensions).    Credits and deductions you can claim with an ITIN are: Standard deduction Itemized Deduction Child and Dependent Care Credit Premium Tax Credit if lawfully present Other Dependent Credit  

What does "the after-tax deductions ($5887 total) that were collected by my employer" mean? Is $5887 the amount of reimbursement over $5250?  Earlier you indicated the amount was $17,161.  Or is that the amount of  federal tax was withheld from your pay for the excess reimbursement  over $5250?  Earlier you indicated the amount was $643.70. Something else. In another place, you said "my employer already paid my tuition in full (Tuition = 31743). That would indicate the taxable amount is 31,743 - 5250 = $26,493   To answer your question, we need  clarification of your numbers. Did you  get $22,411 (5250 + 17,161) in tuition assistance?  How much of that is included in the $64,743 shown in box 5 of the 1098-T?  Even if it was, the scholarship provided by the school was still more than the tuition, so you're not eligible for any tuition credit. In fact, it appears that some ($10,589 quick calculation) of the school provided scholarship is also taxable.  See "loop hole" explanation, above, for how you can still claim a credit. 

I received an email from TurboTax this morning asking if this answer solved my problem.  The answer is no.  I have updated and deleted 5695 forms and the 5695 still populates with no's when I answer yes.

Review line 23 of the IRS form 1040.  You may also review Schedule 2 to see whether an additional tax and/or penalty has been assessed.  IRS form 5329 may allow you to reduce or eliminate the additional tax or penalty.   @terhow 

1. Are you able to provide me a step by step guide based on my numbers? I've walked through it myself but I get confused based on the wording of the questions and I'm unsure if I've done it correctly. I have Turbo Tax Deluxe for Windows.   Just follow the standard steps for backdoor Roth in 2025, in 2 parts - enter the 1099-R for the full Roth conversion and following questions to identify it as a Roth conversion, you had 0.66 cents left as your MV as of 12/31/25 (Turbo may prompt you need Form 5498 but this is misleading, IRS instructions are to use year-end statements available in January); and enter the 2025 non-deductible contribution. https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US   2. When I went through it myself I was prompted that I might need to amend my 2024 taxes I submitted last year. It didn't provide any information on what I would need to amend. Based on the information I've provided did I make a mistake with my reporting last year on form 8606?   Which question prompted this... I am not seeing why you would need to amend your 2024 taxes if you included the Roth re-characterization in 2024 and ended with 2024 Form 8606 Line 14 = $7000.  It may be referring to the basis if you had to amend that question for some reason (e.g. 2024 data wasn't carried over).   3. My understanding is I'll have to pay taxes on the gains I recharacterized (e.g. 10,277 - 7,000 = $3,277). Where does this get reported?   This will fall out from the tax calculation on Form 8606 and you should see this on Form 1040 Line 4b.  You did a Roth conversion for $17,626 and had a $14,000 basis in the IRA so 14k will be tax-free and the rest will be taxable.  The gains you re-characterized are included there.   4. During my recharacterization my $10,277 increased to $10,626 while in my traditional IRA. It was in the form of stock. Is this an issue, and how do I report it?   Same as #3 - this is included in the taxable difference between the MV you converted and your 14k basis in the IRA   5. How do I report the 66 cents in my traditional IRA? My plan is to perform another backdoor Roth IRA this year and just make sure my traditional IRA sits at $0 before December 31, 2026   Just respond to the question about your MV as of 12/31/25.  Your 0.66 will be rounded up to $1 on Form 8606 Line 6 and may get left behind as $1 basis in your IRA carried over to 2026.  When you clean it up $0 this year then that basis will get relieved.  See also this article https://www.whitecoatinvestor.com/pennies-and-the-backdoor-roth-ira/   Not a CPA but above is my understanding based on what you laid out - hope this helps.

Yes, generally if a required document is missing at  the filing, the return will be rejected, not accepted. However, in some cases the tax return can be accepted by the IRS or state and later, during processing, they can request additional information. 

The plan cost represents any amount that you contributed to the plan with after-tax funds.  If you did not make any after-tax contributions, then your plan cost will be zero.     The plan cost may be reported on Form 1099-R in box 9b, but generally only in the first year that you receive a distribution from the plan.  Your plan administrator may also be able to provide this information.   Without some sort of documentation for the plan cost, you will need to enter zero in that box if you are being asked to input something.  This will make your distribution fully taxable, which is the most common situation.   

No, if your overtime is listed in Box 14 of the W-2, and you make the Category Overtime, You will not have to post it anywhere else.  It will be carried into Form‌ 1A Part III and ‌posted to your tax return, Form 1040 Line 13b.