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If your questions is how do you get started to prepare your return, start here:  File your taxes with TurboTax.   If you question is how do you e-file your return, refer to the TurboTax Help article How do I e-file my tax return?

1. Yes, you do not have to report the income. I am reading the trust sold the house and is handling all the paperwork, tax requirements, etc. You received a distribution of the principal since it was sold below FMV. My concern is the sale below FMV actually creates a loss that can be passed to you. 2. The trust may issue a Schedule k-1, if there is reportable income/ loss. The trust return is not due yet so you may still receive a form in late March or April. You may want to check with the trustee to see if it is safe for you to file.

Plusieurs personnes sont dans cette situation, malheureusement. Pour commencer, il faut vérifier si vous utiliser des formulaires qui sont encore verrouillés en attente de finalisation et validation. Voici la liste: Quels formulaires d’impôt sont verrouillés?   Si ceci ne vous concerne pas, merci de patienter pendant que l'équipe technique trouve le problème et la solution. Je vous garde au courant, votre message est placé en signet.    Merci de choisir TurboImpôt    

The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   The senior additional deduction is not included in the standard deduction but appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   to preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b   and you should see the amount of this deduction included in this line.

I was going to ask what your total income was.  The answer is yes - 15% on 12k is $1800.  Increasing your tax rate on other income to cost $500 more when your total income is 230K is reasonable as well.  

There is no reason to install two different versions of the TurboTax software for the same tax year. All of the TurboTax desktop editions have the same forms, schedules and worksheets.  You only receive more help and guidance with the higher editions.   So choose which one you want to purchase and install.  You also get one free state program download and 5 free federal e-files included.  After the 5 e-files have been used further tax returns have to be printed and mailed.  There is also a $25 e-file fee for each state tax return e-filed.  This fee can be avoided by printing and mailing the state tax return.

The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately.on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately  

You cannot change the tax year.   The current online program is for 2025 only.   Only a 2025 return can be prepared online and only a 2025 return can be e-filed.   Online preparation and e-filing for 2022, 2023, and  2024 is permanently closed. Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.   To file a return for a prior tax year  If you need to prepare a return for 2022, 2023, or 2024  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s) https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.   Remember to prepare your state return as well—if you live in a state that has a state income tax.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

To report your Form 1099-R distribution for your inherited annuity, which includes the amount of the RMD, do the following:   Return to your 1099-R entry by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income Click on the pencil to the right of the 1099-R Click Continue through the entries you've made Ensure you selected, I inherited this IRA (or 403(b) plan, Continue Enter the information about from whom it was inherited, Continue Answer the, "Did you have nondeductible contributions for this IRA?", typically No (unless your mother tracked her basis on Form 8606), Continue Year when the person from whom you inherited IRA was born, Continue Next, "Let's get more information about your RMD", enter the distribution amount (which in your case is also the RMD), Continue Next, select, The entire distribution applied to the December 31, 2025 RMD, Continue Next, in the Review your 1099-R summary, Continue (not the pencil) Continue answering the questions Next, when you see "Let's go over any required minimum distributions (RMD), select Continue (not the pencil)