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For Federal taxes, this plan works perfectly because the IRS treats tax withholding as if it were paid evenly throughout the year.    Be sure to take your RMDs by year-end, because a distribution even on January 1 of the following year is considered "late".   However, there are three things to verify before you cancel your quarterly payments:   If your state treats withholding as a payment on the date of receipt, a large December withholding will not protect you from penalties for income earned in earlier quarters If you live in a state that exempts retirement income, your custodian might not be set up to withhold state taxes from an RMD, so be sure to confirm with them Ensure your total annual withholding reaches 100% of last year's total tax (or 110% if your 2024 AGI was over $150,000)   Therefore, be sure to check with your custodian if you can withhold an amount for state income tax from your RMD, even if that distribution is exempt from state tax.

No, converting traditional IRA funds to Roth IRA funds is not income limited.  However, you need to be really cautious with these conversions because the converted amount will be considered taxable income in the year of the conversion.  If you try to convert too much at once, your income could get pushed into a higher tax bracket which will cause you to owe a significant amount of tax on the conversion.   Also, you will want to try to pay the tax on the conversion from your own savings or taxable brokerage accounts and not with the IRA funds, because using the IRA funds will generate an additional 10% penalty for withdrawing prior to age 59.5 years old.  You will also want to pay an estimated tax to the IRS (and your state also, if they have an income tax) at the time of the conversion - this will help reduce or eliminate an underpayment penalty when you file your taxes for the conversion.

I have deleted the third child as a student I see the refund drop appropriately by $909 which is the refundable portion of the AOTC.  When I add back, the refund goes back up.  What amount of refund did you see prior to entering her as a student.  

Those choices are not options on the desktop version.   As others have said, Turbotax is inaccurately taking the 2025 withholding as the expected withholding in 2026 and there is no way to delete this even if you tell Turbo tax NOT to copy 2025 information.   The Est Tax Options form is not editable either.  This is a Turbotax problem.  I, like the other person, had to fake a 2026 W-4 calculation (using 0) to get it to put $0 as the expected withholding in 2026 rather than the 2025 actuals.      

You need to enter the distribution as a sale of investment.    You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose Other as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis. The cost basis will be $0 in your case, since you are just reporting the distribution as taxable capital gain income.  

Nous sommes désolés de ce contre-temps.  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  

This is a common headache for multi-province filers this year. Because the "CPP2" (Box 16A) is a relatively new addition to the T4, many tax software platforms have rigid validation rules that expect a standard CPP contribution (Box 16) to exist before they'll accept a second-tier one.   Since you reached the maximum CPP limit with your first employer, your Alberta employer correctly left Box 16 empty but deducted the additional 4% for CPP2 (Box 16A).   Here's how to deal with this in TurboTax so you can save and move forward: TurboTax often interprets a blank field as "missing data," but it treats 0.00 as a valid entry. Go to the Alberta T4 entry screen. In Box 16, manually type 0.00. Ensure Box 16A contains the amount shown on your slip. Check Box 26 (Pensionable Earnings). If it is blank on your slip, enter the amount from Box 14 (up to the annual maximum).   If the above workaround does not work, please contact our product support so that they can assist you with screensharing and navigation.   To talk to our phone support team, visit https://support.turbotax.intuit.ca/contact/   After entering some basic info about what you need help with, the page will give you the phone number for the team best suited to help.   During tax season (from CRA NETFILE opening on February 24 to the regular filing deadline on April 30), support is available every day of the week during these hours: 9 AM to midnight ET for English support 9 AM to 9 PM ET for French support   Thank you for choosing TurboTax.  

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets