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Since you made the Traditional IRA non-deductible contribution for the 2024 tax year, then your basis in the Traditional IRA should be $7000.     You may see a follow-up question about tracking non-deductible contributions in your IRA after you have entered the Form 1099-R reporting the distribution from the Traditional IRA (which was converted to the Roth IRA).     If you do not see that question, then you will enter the basis (total of your non-deductible contributions) of the Traditional IRA in the Deductions and Credits > Retirement and Investments > Traditional and Roth IRA Contributions section of your return.     As you get started in that section, check the box that you have a Traditional IRA and go through the screens until you see a question about 'any non-deductible contributions' to your IRA.  Check 'yes' and then enter the total basis of the account as of the end of the year.  Remember, this is only asking for the contributions that were made, not the total value of the IRA.  And, even though your non-deductible contribution of $7000 was made in 2025, it counted for 2024 so it should be included. @user17708937965 

I've been waiting for February 25th to arrive so that I can file my amended return. The website still says the functionality is not yet available. What is the updated estimate of when I can file my amended 2025 return? 

You do not report his/her income on your return. If it has to be reported, at all, it goes on his own return. Someone who can be claimed as a dependent must file a tax return for 2025 if he had any of the following: Total income (wages, salaries, taxable scholarship* etc.) of more than 15,750 (2025).  Unearned income (interest, dividends, capital gains, unemployment, taxable portion of 529 distribution) of more than $1350. Unearned income over $450 and gross income of more than $1350.  Household employee income (e.g. baby sitting, lawn mowing) over $2600 ($17,750 if under age 18)  Other self employment income over $432, including money on a form 1099-NEC   Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding. In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.   *Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $15,750 filing requirement (2025) and the dependent standard deduction calculation (earned income + $450).  It is not earned income for the kiddie tax and other purposes (e.g. EIC).   Taxable scholarship goes on line 8r of Schedule 1, from which TT treats it as hybrid income. For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.

Thank you for your response. I do know that $4000 out of $7110 on 1098-T covered room and board because I also have a bill/statement of expenses from the school which shows only about $3000 for tuition and qualified fees. I also see that $5300 were the scholarships and that means only $3000 were for qualified tuition (again based on the statement from school), so that means the rest of the scholarships are taxable - about $2300. But the out of pocket expenses and if there are any additional expenses can go towards AOP credit, if I understand you right.   Who reports 1098-T, parents or student? Or both? since there are taxable scholarships, does my student need to report it (she also worked an internship and has to file taxes anyway).  My student paid the room and board and not us/parents. She is still considered our dependent but she paid any of the out of pocket expenses.   Thank you.   

Veuillez suivre les étapes suivantes : 1- En mode Formulaires, allez en bas de la page et cliquez sur Formulaires. Vérifiez que tous les formulaires répertoriés sont nécessaires et que vous les utilisez. Si ce n'est pas le cas :  1- Ouvrez le formulaire qui n'est pas utilisé ou nécessaire.  2- Allez dans Édition – Formulaire et effacez le formulaire courant.  3. Revenez à Édition – Formulaire, puis cliquez sur Fermer les formulaires inutilisés. Si vous avez plusieurs formulaires ouverts qui doivent être supprimés, veuillez suivre les mêmes étapes que ci-dessus pour chacun d'entre eux. Une fois cette opération terminée, vous pouvez déposer votre déclaration.    Merci d'avoir choisi TurboImpôt. 

In TurboTax, both your Federal and state returns must be filed from the same account as information from your Federal return automatically flows through to your state return. There is no possible exchange of information between 2 different accounts even if they both belong to you.   You should log in to the account which filed your Federal return to file your state return.

At least for me, by entering room and board on the People's worksheet, the program transfers it to the student info worksheet and keeps it when calculating total qualified expenses.  Having said that the TT college expense software is buggy and a total mess.

For those like me that found this thread as they tried to figure out why TT was not recognizing the ability of an individual to take advantage of the "STR Loophole", here are a couple of things I learned: 1) The original poster and the most recent posts (particularly MCSmith1974 and taxmodern) are spot on. TT does not ask the right questions during it's EasyStep process to complete your taxes correctly for this situation. You aren't going crazy. Other posters are not wrong, just focused on different situations. 2) You will need to modify the IRS Forms directly if using TT, you will also need the desktop version. Yes this sucks and begs the question why did we buy the more expensive "Home & Business" or "Premier" version when this error exists and has not been fixed for over a year (original post was for 2024 tax year). I wish I would have known about this deficiency (not just for 2025 but also for prior years!). 3) Use a quality LLM (i.e. Gemini) to get your answers and detailed instructions. These tools are now so good. Use them to better understand the convoluted IRS forms and instructions as well as providing some reasonable advice (note that the TT specific guidance might be wrong or outdated). 4) Go to Youtube and search this question. If lucky like me, you will find the video posted by taxmodern (previous post) that cracks the code and gets TT to do what you need. Many thanks to taxmodern for this help!

I agree with @KrisD15 , you want to allocate  $4000 of the tuition to the American Opportunity Tax Credit (AOTC), assuming you are eligible (your income is not too high*).    This means that $2193 of the scholarship must be reported as taxable income on the student's tax return (not the parent's return).   If that is his only income, it is not enough to have to file a tax return.      Here's a post on the five main points on the  1098-T: https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114   *$90K,  $180K Married filing jointly.  Phase out begins at $80K ($160 MFJ)

I tried to download 1099s from two Schwab accounts today.   1. Login to Schwab: Successful 2. Select two of the four accounts:  Successful 3. Download: Successful 3. Confirmation of forms to import: Fail   Account #1 1099Div - Present 1099 Int - Missing 1099B - Missing   Account #2 1099Div - Missing 1099int - Missing

It may take a day or two for your bank to process the transaction. If your bank rejects the refund, it will go back to the IRS. A paper check will be sent to the address on your tax return. This may take a few weeks. If you chose to Pay with my Refund, your refund will go to a third-party bank, fees will be deducted, and the balance will go to your bank. This may take a couple of days.

@baldietax    Hi, thank you so much for your follow up! So because I did a split year contribution/backdoor Roth. Only the contribution was listed for 2024 Form 8606. So line 14 is 7000 but my line 8 is blank (because the conversion happened in 2025-I believe that's why my Vanguard 1099R is for 2025).    What happened was that I entered after tax dollars to an IRA on March 31 2025 as my 2024 contribution and looked to immediately convert it to a ROTH IRA. However by the time it was converted, it was April 2, 2025. This resulted in the extra 1.62 on top of the 7000 basis. I don't mind (and fully expect) to get taxed on the 1.62 but am more concerned about the 7000. I've tried to enter and re-enter and the only way it comes out with the correct end result is to put 0.00 in box 2(a)- which I'm sure is not correct. I even entered a 2nd one like you suggested but it just continues to add it as additional taxable income. So I'm stuck. I feel like if I gave this to a private accountant, they would be able to fix it for me, but for some reason the software isn't calculating it correctly. Is there a possibility that because I had to mail in my Form 8606 to the IRS for 2024 (mailed it 1-2 weeks ago), that TurboTax isn't recognizing my nondeductible contribution/basis from 2024? I did put the values in on the questions/prompts at the end.   Thanks again for any insight. I wonder if calling a TurboTax representative could help to explain as well.

It may take a day or two for your bank to process the transaction. If your bank rejects the refund, it will go back to the IRS. A paper check will be sent to the address on your tax return. This may take a few weeks. If you chose to Pay with my Refund, your refund will go to a third-party bank, fees will be deducted, and the balance will go to your bank. This may take a couple of days.

I am having the same problem and spent over an hour on the phone with TT support yesterday without resolution.     I split out the interest on two different forms for blocks 1 and 3 and their associated blocks 11 and 12. For the "Total Accrued Interest Paid on Purchases" on schedule B, I used the "I need to adjust the interest reported on my form" when entering the information in the 1099-INT interest section for each form and split out the accrued interest between corporate and treasury bonds.   HOWEVER, the accrued interest numbers do not show up in Schedule B, Part 1 as a subtraction.  They are reflected in the total in line 2 but are missing as line items.  If I change the reason to "Other Adjustments", then the amount shows up as a subtraction. Specifically: Schwab (from block 1)   $20,003.10 Schwab (from block 3)   $10,383.71 [Missing subtraction of $835.31] Subtotal  $30,386.81 ABP Adjustment -$452.47   Block 2:  $29,099.03 The block 2 is correct in that it subtract the missing accrued interest figure of $835.31 but it is not supported in block 1.   Again, if I change the reason to "Other Adjustments" then the -$835.31 shows up in block 1 and the numbers all add up properly.  I can't add a note or comment to say it is for accrued interest on purchases.   Appreciate any help on this. Thank you.