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Yes, withdrawals from an IRA are taxable income.  If you had withholding, that goes on your account as a credit, but your income and taxes are calculated just one time a year on your tax return.  If you had too much withheld, you get a refund of the excess.  But income is income.   Having other taxable income can make your social security benefit partly taxable.  And taking more money from your IRA in one year compared to another year increases your income and might affect your eligibility for credit and other benefits.   I can't tell you exactly how your income would affect your spouse's PTC, but the whole PTC system was designed badly in the first place. 

@mcrutch6797 OK...I am using the 2025 Premier desktop editions for Windows.  When entering a major purchase State of Purchase box only has --Select-- and my state Georgia.   Did you enter your state sales taxes before going to major purchase?  The state where you lived and the dates you lived there?

What a royal pain in the butt - but I got it.    My problem was, I deleted the TT2024 program from my W10 computer. I still had my tax2024 file, but it would not import into 2025 on my W11 laptop. But, I was able to download last year's TT2024 program, update it, muddle through the total BS about W10 no longer being supported, then pull in last year's return.    From there, I checked status - verifying my returns last year were accepted. I then exited, following the prompt to save first. Then I copied this newly updated tax2024 file to my W11 laptop, told TT2025 to start a new return and, as before, it found the tax2024 file.  With fingers and toes crossed, I selected the tax2024 file and much to my surprise, it fully imported.    Hopefully, this will help others. 

Absolutely.  You'll also need to deduct the expenses of the sale that are included on your closing statement as well as any expenses that you had getting the property ready for sale that have not already been deducted as rental expenses.

@user17713397972 wrote: I understand, but last year my income was $40,000 and my refund was $275. This year my income is $50,000 and my refund appears to be $2,000. I'm just wondering why it appears so little last year.   I filed my first tax return last year because I moved to US When you fill out a W-2 at your workplace, that is used to estimate the amount of tax to have withheld.  The default formula is designed to give most taxpayers a "modest" refund, whatever that means.  Because you can be penalized if you owe a tax payment when you file (and some people have trouble coming up with even a small tax payment), the default formula leans toward the side of collecting a little too much tax.   Remember that a big refund (let's say $5000 for example), just means the taxpayer paid $100/week extra to the IRS.  That means they had $100 less per week to spend on weekly expenses.  It's also an interest-free loan to the US government.  It can be a (rather poor) way to have a forced savings account so it feels like you "won" something, but it just means you paid too much in so you get some back.    You can customize your withholding using the IRS web site, if you want a certain size refund, or if you want to balance out even and not owe or get a refund.  https://www.irs.gov/individuals/tax-withholding-estimator   If this is your first full year as a legal US resident (green card or citizen), there are certain tax benefits you might qualify for that you did not qualify for last year.  The only way to know for sure would be to do a side by side comparison of the two returns.   But as the others said, there is no single "normal" refund that is right for everyone.  

If you share the policy with another taxpayer, you will want to mark YES on the screen titled Policy shared with another taxpayer.   This screen will appear after you enter the details of your 1095-A form.   You and the other person you share the policy with (whoever claims the children as dependents) can shares the premiums (column A) and advance premium tax credits (column C) in whatever way works best for your family.      You can share the amount on the policy 50/50 or you can claim all of it or the other taxpayer can claim all of it.    It doesn't matter how you allocate the amounts as long as they add up to 100% between your 2 tax returns.  Answer YES on the shared policy screen and you will be able to edit the amounts you share on the following screens.     You could share a Marketplace policy with any of the following:   Someone with whom you share custody of a child A former spouse A person who now claims your child as a dependent on their taxes A person you used to live and file taxes with A parent or an adult child If someone on your 1095-A isn't your dependent or your spouse, and doesn't file taxes, you'll have to repay any discount you got to help pay for health insurance.  

The issue is for year of 2025, Maryland  introduced 2% surcharge on capital gain for income > $350k.  For part-year resident, turbo tax calculates 2% surcharge based on 2025 total capital gain instead of capital gain you earned while residing in Maryland.  And I cannot find a way to get around using web turbo tax.

In my test return, the address fills in properly when the box is checked to 'use address from Federal Information worksheet'.  I'd suggest deleting Form 5695, performing a Manual Update, and stepping through the Energy Credit interview again, from beginning to end.  Something may be 'stuck'.   @rodjoans   

Hi,   Thanks for trying to help. I figured out my issue - one form is a 1099-SA and the other is a 5498-SA. I focused on the "SA" part and didn't notice that the numbers were different. I just looked up the difference and am now all set for filing.   Thanks!

This didn't solve my problem either, I do have the property as my asset, but still no prompts at all. what I did instead is that in the "Other Business Situation" there's an option "Sale of business property" where you can enter the sale of the rental.     

Yes, Securities, other than stock would be the correct selection.  And yes, average share price would be correct.   As far as the purchase price, did the custodian who transferred those shares for you give you a "basis" value for the shares that you donated?  If not, do you have an idea of the average share price of your purchases (those donated and those you did not donated) of those mutual fund shares?  You can use your average purchase price for all shares and multiply that by the number of shares donated to get at the purchase price.  You might also get the purchase price information by contacting the custodian of you mutual fund shares.   The uncommon situations would be for instances where you "attached strings" on how the charity could use your donation, such as stating they could only use the donation for certain things, or if you gave them the fund shares but retained the rights to voting of the shares, etc.  Are you directing the fund on when to release funds to the charity?  That would not be a restriction.  An example of a restriction might be if you donated to American Red Cross, but stated that your donation had to be used only for relief efforts in your state.  Clicking the ? icon by each of those uncommon situations will give you more examples of restrictions for the donations.

None of that helps and I know the community has no access.   The previous 'Expert' asked me a question and I was answering her. I wasn't trying to track it. I was trying to find out if TT had filed my State yet. Federal is not an issue and IRS has no impact on State taxes   I still have no answer from anyone to my original question. Everyone keeps giving me the contact link to information that I've already stated will not work and why. I can only guess that I am up a creek without a paddle.   Everyone's attempts are appreciated, but appear useless under the given situation.

Donna,  I am using the desktop Deluxe version for Mac, with most recent updates as of about one hour before running into the glitch.  I am at Deductions/sales tax trying to enter the tax for a major purchase.  It begins by asking me to choose which state from a drop-down box, but the box is inoperative.  It has the “Select” text but nothing else states to choose from.   thank you.   Mike  

Kudos, @CatinaT1! I reviewed a bunch of advice and tried different things, but only your advice resolved the issue! And it is so simple!   I am importing from more than one external source and received the message that they were successful, but when returning to TT,  nothing was actually being imported into TT - so I can confirm that it is not a brokerage specific issue, but a system issue.   I followed your instructions to adjust the browser settings - specifically, I located the View Site Information icon (the "lock" icon) on the far left of the address bar, and used the drop-down menus to allow pop-ups AND local network access. This resolved the issue. Thank you!

Found the issue. You have to make sure you have at least one asset, and that asset is the actual home. if you click through the interview after that, it gives you prompts to enter the sale info. Some of the questions sound like you’re supposed to say yes but you’re supposed to say no otherwise it won’t interview you on the sales info. If a question seems confusing just google it for your situation and usually there’s an answer referencing a TurboTax article or post. I think what happened on my side as I accidentally deleted my Rental and I had to re-add it so it didn’t have the asset information stored. I’m not really sure. Sorry for the non-scientific answer