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It depends. TurboTax is asking this question because of a specific IRS requirement on Form 8606 that is generated by how you answered a previous question.   The IRS requires your total IRA value as of December 31 if you meet either of these two criteria:   You have "basis" (nondeductible/after-tax money) in any traditional IRA and you took a distribution or did a Roth conversion in 2025. The IRS does not let you withdraw just the tax-free money; they force you to take a proportional mix of pre-tax and after-tax money. To calculate that exact percentage, the IRS (on Form 8606, Line 6) requires the year-end value of all your traditional, SEP, and SIMPLE IRAs.  If you told the software you made a nondeductible contribution this year or had a "basis" from a previous year, the software must generate Form 8606. If there was a distribution, Line 6 of that form is required. If you’ve filed for 10 years without this, one of three things happened this year:    You (or the software, based on your income limits) marked your 2025 contribution as nondeductible.   You took a withdrawal (1099-R) from an IRA that has after-tax "basis" attached to it.  You performed a Roth IRA conversion. You’re right. The total value isn’t shown on the front of the 1040. It’s still needed for Form 8606, which you’ll attach to your 1040.   If you’re sure all your past IRA contributions were tax-deductible and you don’t have any after-tax “basis,” double-check the IRA Contribution section. Make sure you haven’t marked any “nondeductible contributions” or a “prior year basis” by mistake.   @Anonymous                 

@VolvoGirl @nello I do not think the price for e-filing state using desktop increases in March.   The online fees increase in March.  I think the state e-file fee for desktop always stays at $25, even later in the season.  

Since you will each be filing your own schedule C forms, the best strategy would be to enter 1/2 of the 1099 forms under each of your names.  The full amount of the 1099 income will then be showing up your return, with 1/2 equally allocated to both of you.  Since you are doing a 50/50 split, the important thing is to make sure all items of income and expenses match on each of your Schedule C forms.    

You should be able to view your Schedule A if you are Itemizing Deductions.    To preview your Form 1040 Tax Return using TurboTax Online, please  select Tax Tools on the left side bar, then TOOLS from the drop-down that opens (you may need to play with the scroll bar on the left side to see these options)   Next, select "View Tax Summary" on the Tools Center Screen On the left side bar you can find "Preview my 1040" Select "Preview my 1040"   Scroll through to view Schedule A

That is strange. Are you saying the refund monitor changed or something changed on your forms?   The American Opportunity Tax Credit is broken down into a maximum $1,500 nonrefundable portion (used to reduce tax liability to zero) and a maximum $1,000 refundable portion (paid to you even if you owe no tax). When you look at your forms are you getting both those pieces of the credit for her? If so, the reduction of the $1,526 was not related to the credit. The nonrefundable portion will show on Schedule 3, line 3 and the refundable credit will be on Form 1040, line 29.

Yes, you can amend your federal tax return using the TurboTax Free Edition, provided your original return was also filed using the free version.    However,  TurboTax will be available to process amended returns for 2025 in early March of 2026.   TurboTax provides a list of Tax form availability ‌for individual Federal and State returns forms that are‌ being revised. On the website Select Select return type [1040 Individual] Select agency [US - Federal] Third Box [1040X] Once available, you can make a change to a tax return that has already been filed and accepted.  You should follow these guidelines.  You must first wait until the initial return is completely processed.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start ‌at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download   

To trigger the questions about the non-taxable portion of your RMD and to complete IRS Form 8606 in TurboTax, first go back to your Form 1099-R to ensure that the IRA/SEP/SIMPLE box found below Box 7 is checked. If it is not checked TurboTax will not look for Form 8606 because it assumes it is not an IRA distribution.   Go to Wages & Income and select, Retirement Plans and Social Security, 1099-R... Select, IRA, 401(k), Pension Plan Withdrawals (1099-R), then Start/Review Click Continue through the interview, answering through next screens Answer the RMD questions, Continue When you reach, "Did you have any nondeductible IRA contributions...?", enter Yes, Continue Next, you will need to provide your total basis as of December 31, 2024, here you must provide the value of all of your Traditional, SEP and SIMPLE IRAs combined   To verify the Form 8606 was generated:   Go to Tax Tools on the left panel, then Tools, then Delete a form (only to view the Forms, not to delete), or go to Forms Mode at top right in TurboTax Desktop.

so i went to the section where the asset is listed, it is showing the depreciation carried over from previous years, and then i went to edit it, but it never asked me the question "Did you stop using this asset in 2025?"