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Yes, this is correct.  You can aggregate all your traditional retirement accounts into one total and take the RMD determined from that total from just one retirement account.  The TurboTax program does not know what your RMD should be - it can only use the information of the RMD that you input to determine if a penalty should be applied for not withdrawing the minimum.

I've seen some conflicting information -some indicating it is a tax refund and if you had not itemized deductions in 2023 then it was not taxable. -some saying it is not taxable if it is under $600 -some indicating as you have that it should be reported as income on federal level but not on state level   How does one know how to proceed in this case.  Has there been any direction from the IRS?  Also, why hasn't there been one uniform response from TurboTax as to how to handle this situation?  I realize it is a "one-off" and that they software may not be updated for such but it would be great if there was only one way recommended as to how to handle it. 

@user17715921857 It just started working correctly for Fidelity yesterday.  Prior to that, I was still being required to delete the previous import's data before continuing.  But, seeing a 1099-B form on the list, the new "Upgrade to Premier" warning reared its ugly head.   So I am imagining that the "Delete old data" warning is institution-specific, and still in place for many financial institutions.  Once you identify the institution you want to import from, there would have to be a block of code that is unique to that institution, since the graphics differ as well as the messages informing you that some firms' forms are not yet ready for download.  Only when the 1099 forms are pulled in to your tax file are you then handed back to the TT program.  Thus I think they will have to fix this issue for every single import partner.   @MarilynG1 Although a fix appears to be in for Fidelity, it sure would be nice if TT would communicate what is going on with respect to fixing the "Delete Old Data" issue for others who aren't so lucky.  

To print a prior-year tax return, log into your TurboTax account. (Make sure it is the same TurboTax account you used to prepare the prior-year return.)   If this is your first time signing in this year, select Continue on the screen showing your prior-year summary. On the second screen, scroll down to Your tax returns & documents and select Download/print return (PDF).   If you have already started your current year return, there are two ways to get your prior-year return:   1. Select Documents, then select Download tax PDF.     2. On Tax Home, scroll down to Your tax returns & documents. Select the year you want and select Download/print return (PDF).   Here is a TurboTax article with instructions on how to download/print a prior-year tax return.

The method described does not work.  I am attempting to AMEND the Capital Loss Carryover.  I saved the 2024 Desktop version income tax submission as an Amended tax, then went through the steps described.  TT shows me the Carryover information on a VERY LARGE TEXTED SCREEN and then I press CONTINUE to go to a VERY LARGE TEXTED SCREEN showing the amounts I reported in 2024 which need to be updated.  I press CONTINUE and I am sent back to the original page where I choose to edit/update Capital Gain/Loss Carryover.   I have tried this method several times (10?) all to no avail.   Any suggestions?  Thanks.

Can you clarify what files you are searching for if the links below do not help..   How do I find my tax data file (.tax file) on my Windows computer?      How do I find my tax data file (.tax file) in Mac?

If you made a Roth IRA contribution, but were not eligible to do so because your income exceeded the limits, this is considered an "excess contribution".  If you leave it in that account, the funds will be subject to a 6% penalty for every year those funds remain in the account.   Your best strategy will be to remove the initial contribution, plus any earnings that contribution has accrued since it was first deposited.  You can do this up to the filing date of your return without consequence.   Once you remove the contribution plus earnings, you will want to report the excess earnings on the contribution on your 2025 tax return.   Go to the 1099-R section of TurboTax under Wages and Income or Personal Income. You'll type in the amount name and address of the IRA custodian for the 1099-R. On the next screen, enter the Earnings amount in Box 1 and Box 2a. For Box 7 distribution code use codes P and J (clicking on the I have more than one value in Box 7 will give a second Box 7 entry). For What year is on your 1099-R, click on 2026.   After this, remove entries for the Roth contribution.  You can decide to take this Roth contribution and put it towards a traditional IRA contribution instead and report it on your tax return that way.  You won't get a deduction for the traditional IRA, however, you can take advantage on a Backdoor Roth strategy to convert that traditional IRA over to a Roth.  Yes, the money does end up right back where it started, but taking all of these steps ensures that you are not paying the excess contribution tax, and will minimize the taxes on non-qualifying contribution earnings in the Roth.   If you want to convert to a Backdoor Roth, this article has helpful information on that process

Please clarify this for me - you have entered the amount of the loan into the S-corp and zeroed out all of the assets against the loan balance.  The S-corp still owes you money and you're not sure how to handle that in TurboTax.  Is that correct?   If that is the case then the S-corp should just be shut down showing that it is the final return and the balance sheet should show the outstanding debt.  It should close as insolvent.   On your personal tax return you should enter the loss of the investment as though it were a sale of stock in the S-corp.  The basis should be the remaining amount that you are owed by the S-corp, the sale date should be the final date that the S-corp was in operation and the sale price should be zero.