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I have two mortgages both acquired after 2020 (2022 and 2025). So they are subjected to the 750k limit. The first house was my primary residence from January to October of 2025, while the second house was my primary residence in November and December.  (The second house was acquired in September.  The first house was rented out from November onwards.) For the sake of simplicity - Lets assume my average mortgage balance for both houses is 1 million each in 2025. I paid 30k in interest for the first house, and 10k interest for the second house.    How do I calculate the average balance in p936 worksheet? If I just sum up the two mortgages, the ratio of 750k/2M is lot smaller (0.375) than if I had just a single mortgage (0.75)  - which reduces my interest rate deductions a lot. I thought since I have the second mortgage for just 2 months it should be prorated accordingly? Something like (1M * 10 + 1M*2)/12 = 1M ? 

Hi TurboTax Support,   I need assistance with properly reporting a nondeductible IRA contribution I made in early 2026 for the 2025 tax year. Here’s a summary of the steps I took: 1. Traditional IRA Contribution: I opened a Traditional IRA account with Schwab in February 2026 and contributed $7,000 for the 2025 tax year, as well as $7,500 for 2026. 2. Roth IRA Conversion: I also opened a Roth IRA account at Schwab and, a few days later, converted the total $14,500 ($7,000 for 2025 + $7,500 for 2026) from the Traditional IRA to the Roth IRA. 3. Tax Software Issue: While filing my 2025 tax return, TurboTax is not prompting me to designate the $7,000 (for 2025) contribution as a nondeductible IRA contribution. Furthermore, when I preview my tax return, I do not see Form 8606 included, and there is no mention of the nondeductible IRA contribution anywhere in the return. Could you please help me ensure that: * The $7,000 I contributed for 2025 is correctly flagged as a nondeductible IRA contribution. * Form 8606 is generated to report this nondeductible contribution, as well as the Roth IRA conversion. Thank you for your assistance, and I look forward to your guidance on how to resolve this issue.   Sincerely, Prashanth Ravinder TurboTax Account Email: [email address removed]  

Form 8606 line 10 has an x is this a bug?  When I print my tax return I noticed there is an x in line 10 in form 8606.  I have no distribution or IRA conversion.  Just nondeductible contribution in 2025 and 8606 is completed for new basis calculation.  What may be putting the letter "x" in line 10 and will this cause a problem as there should be nothing in that field or line?  

I bit the bullet and decided to stick with turbotax this year, even after leadership has made it much more difficult by discontinuing itsdeductible.  I have been using Deductit, which generates a TXT file to import.  I made 7 donations trips to Goodwill throughout the year.  No single item was valued at more than $500, but combined 3 of the 7 donations trips exceeded $500.  When importing I am prompted by the Needs Review flag.  When reviewing it is as if Turbo Tax is treating the combined donation as a single item donation and is asking for value, when I acquired, etc.  Am I doing something wrong?  Do I need to add each clothing type separately?  I am not doing anything different than in years past, just trying to navigate this new and more complicated process.