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"The sample form 8880 you provided looks exactly like the one I filled out."   What matters is the one that TurboTax prepares.  If the one that TurboTax prepares is different, how is it different?  (The sample that I posted was prepared using TurboTax.)   If you did not properly enter the Roth conversion into TurboTax, the amount on Form 1040 line 4b would still have the correct taxable amount but the distribution would appear on line 4 of Form 8880.  That would subtract $17,046 from the $6,600 contribution, leaving nothing on line 5 on which to calculate the credit.

I went ahead and downloaded the year end statements for my traditional IRA from fidelity. Starting in 2021, I see the year end statement had a few cents, which I did not convert to a roth ira. I am not sure if this is an issue with TT or it is the way I answered the questions. It started carrying over the entire contribution as the basis, every year since 2021. However, the basis is not capturing any of the interest, it is only capturing my initial contribution.   For the year ending 2025, my traditional ira had a balance of $7.38. Should this be the amount on line 14 in form 8606 for the tax year 2025? If I convert this $7.38 into roth, I would have to pay tax for this amount. In this case, would the line 14 amount of 0 for the current (2026) tax filings?   Thanks for the support.

Using TurboTax, I have two options available for box 14 that are notified as other. Other / not classified and other deductible state or local tax.  Since this should not be taxed I'm going to choose other/not classified. Does anybody feel differently?

To find the fair market value (fmv)from four years ago, you may need to hire a real estate appraiser to perform a retrospective appraisal. They can look at historical data and comparable sales from around that date to give you a supportable fmv.   If an appraisal was done for estate tax purposes or probate at the time of death, you should use that figure.

When you see "Needs Review" next to your 1099-R, it usually means that there is information that might still be needed. You are correct in that the red box cannot be clicked. Instead, click on the Review button to the right of the red box and carefully review your entries for each 1099-R. Sometimes, it is simply an address or a tax ID number field that is still blank, or needs editing.   To review your entries, do the following:   Go to Income on the left panel within your TurboTax account Click on the Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) Click on the pencil to the right of your 1099-R to review/edit it Continue through the entries, especially the, "Enter your 1099-R details from _" screen Ensure the details from your Form 1099-R are correct checking for which Distribution Code was used in Box 7 (or review if imported), then Continue Also, continue through until you have reached the end of the review for that Form 1099-R entry. If you leave before going through the entire process, for example, if you leave once you have reached the, "Your 1099-R summary", you will miss several screens to review Next, perform a Final review to determine if there is something preventing your from e-filing

I have a question I did return excess contribution for 2025  contribution $3000 earnings @$374  I am amending tax on turbo tax , It shows I owe $90 for federal and MA $169.  Even I removed contribution early and only earns $374.  I didn't know which part I missed it. I did all the step you advice.  Is it reasonable?   Thank you for you advice.

You do have the option to use Easy Extension (a separate TurboTax website) rather than filing from within your TurboTax product.   However, you can file the extension within your return following the procedures below and it won't transmit your tax returns with it:   To file Form 4868 to request an extension on time to file your tax return, select your situation: TurboTax Online: follow these instructions to e-file your extension. TurboTax CD/Download software: follow these instructions to print Form 4868. Keep in mind: An extension doesn't give you extra time to pay your taxes, but it'll keep you from getting a late filing penalty. (You'll still owe interest if you pay after the deadline.)   @kadabetts 

Or----did you actually mean you need to amend 2025? Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk     Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/filing/wheres-my-amended-return  

I have been studying the OS trend with Windows users switching to Linux. The main thing that was holding Linux back from users was the fact that games could not play on Linux. Now Steam and Valve has made the switch to Linux more users are switching over to Linux OS. Windows was a nice clean OS no ads, bloatware, or spyware. Windows is trying to corner the market by hardware requirements as well. PC manufacturers are not going to make computers only Windows compatible. Because of the on going issues with computers not meeting new Windows OS requirements, Users are now switching to Linux because of all the business model implemented in the Windows OS. Windows used to be for the user or business, but is now incorporating money making marketing into the OS. Keep in mind that prices are steadily increasing and computers still performing like new are now obsolete because of Windows OS requirements. This is why so many Windows users are switching from Windows to Linux. I have been looking at the statistics in the next 5 years and the data shows that millions of Windows users will switch away from Microsoft products and Windows. Microsoft AI has told me if Windows keeps doing business the way they are they will lose a lot of users in the OS market share. This is the perfect time to invest in developing Turbo Tax for Linux. This gives you time to also perfect it for mainstream before the Linux community decides to build a Tax solution that is completely free or minimal charge to cover bandwidth downloads. This is your chance before I get with the developers of the major Linux communities to start making this tax software for Linux.     Please understand that users are getting very tired of how Microsoft is developing their software. Many users feel their privacy is now being invaded. The targeting ads built into their software is not acceptable, that is why we have ad blockers. New hardware requirements for Windows upgrade is now getting so bad that it is now starting to get costly to have an updated Windows OS. The new integration of AI in all of the Windows OS pose a threat to privacy.   The downloads for Linux OS are in the 10 thousands per month right now for several Linux OS. The major Linux distribution of the OS is even higher. I am not sure how long this trend is going this year. The clear picture with this many downloads for Linux shows how many users are trying or switching to Linux. I have seen post form major manufacturers starting to develop more Linux compatible computers. I have also seen hardware driver support is also starting to be developed for Linux OS. This tells me corporations are not going to get left behind when the users start switching over. Many companies are getting the head start before the switch hits their profit margins.     My question is when will Turbo Tax be compatible for Linux?   If not when will Turbo Tax lose the market share for financial software for users and business?     The above is from what I see and is up to you to determine how true this is. Do your own research and tell me if you think this is how you see it as well.