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You most likely do not need to complete Schedule J, and TurboTax always flags your 1041 if you have a distribution that exceeds the DNI.   See https://www.irs.gov/instructions/i1041#en_US_2025_publink1000286254

@NM1 wrote: An RRSP is a tax-deferred account, so cost basis is irrelevant (in both Canada and the U.S.). 100% of the withdrawal is treated as ordinary income, basically like withdrawals from a traditional IRA in the U.S. I believe an instance where this isn't quite correct is if someone has the RSP account before becoming a resident of the US. For example, consider the situation where one would have $50,000 in an RSP, move to the US and then withdraw it 20 years later when it's increased to $125,000.  In this situation, the cost basis would be the $50,000.  Canada would withhold $31,250CAD - and the taxable amount in the US would be $75,000 CAD ($125,000 - $50,000). 

For a deceased taxpayer, IRS form 1310 should be completed.   This TurboTax Help states:   If a refund is due, there's one more step. You should also complete and file with the final return a copy of IRS form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Although the IRS says you don't have to file IRS Form 1310 if you are a surviving spouse filing a joint return, you probably should file the form anyway to head off possible delays.   In TurboTax Online, enter 'form 1310' in the search microscope in the upper right hand corner of the screen.  Select 'Jump to form 1310'.   @sibbis 

@LindaS5247 - can't be Line 24; has to be Line 18 less Line 19.    Non-refundable credits can't be used to cover SE tax, etc.  (line 23)   The energy credit is the lesser of the energy credit or Line 18 less Line 19, which ever is less. 

A 1099-B, which reports capital gains/losses from a custodial (UTMA/UGMA) account, generally must be filed on the child's own tax return, even if both names are listed, as the child is the legal owner. It cannot be reported on a parent’s return.   No, the amount in Box 1d on Form 1099-B is generally not the amount you  would compare to the $2,700 unearned income limit for filing or the "kiddie tax."  The unearned income amount used to determine filing requirements is the net taxable gain (or loss) from the sale, not the gross proceeds The unearned income for filing purposes is the Net Gain (Box 1d minus Box 1e).    If that is the case than yes, you should expect there to be no income tax owed. However, the transaction must still be reported on the child’s tax return (Form 8949/Schedule D) to properly document the loss.   In general, You should have received a 1099-DIV (or 1099-B for the liquidation) if the account earned over $10 in Dividends or had other reportable sales.  What's the Kiddie Tax?   Please return to Community if you have any additional information or questions and we would be happy to help.

To view your tax forms before filing:   Open your return Select Tax Tools from the menu With the Tax Tools menu open, you can then: Preview your entire return:  Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first). View only your 1040 form:  Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

No.  There is no tax break for paying down the mortgage on your primary residence with proceeds from the sale of a rental.  The only tax break available when an investment property is sold is deferring the gain via a 1031 exchange.  

Même problème. Revenu Québec a rejeté votre déclaration. TurboImpot a détecté des problèmes qui empecheront la création du fichier requis pour utiliser le service ImpotNet Quebec. Veuillez contacter le service a la clientele.   Quand j'appel, le technicien me mentionne qu'il devrait avoir une explication ou code d'erreur .... NON il n'en a pas ! Il me répond que ce n'est pas possible. Rien ne fonctionne et aucun aide, très frustrant !   J'ai réussi a envoyer au fédéral mais au Québec cela ne fonctionne pas. J'ai pourtant envoyé 6 autres contribuables Fédéral/Québec mais celui la ne fonctionne pas ....    On semble être plusieurs a avoir le même problème. Est-ce possible de nous aider SVP ???

@ jackeda wrote:  Will turbo tx online save my return so I can continue later? No longer having ItsDeductible available has added HOURS to my enter online.  I need to go to bed and continue later.Will all of my details and entries still be there tomorrow?   Online TurboTax saves your work after every screen.  You can come and go.  To exit go to left menu column and scroll down to the tab Sign Out.   While that's the best way to exit, even if you were to close the browser, the work up to that point should be saved.

Don't think of it as a "Rollover IRA".  Instead just think of it as a Traditional IRA.  You can contribute, and if eligible take a deduction for the contribution. To do so:     Navigate to Deductions & Credits Summary Page Next to "Traditional and Roth IRA Contributions" click on Start/Edit/Review Check the box for "Traditional IRA" Indicate it is not a repayment Enter the amount of your contribution in the box according to when you made it Answer "No" to the recharachterization question Continue with questions until you get to the page where you enter the portion of your contribution you want to deduct.