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If you choose the Form 1040-X route instead of the standalone path, the 6% penalty doesn't have its own dedicated line. Instead, it's part of the total that goes in the Other Taxes category. On Form 1040-X, you will list the penalty on Line 10 ("Other taxes").   Because the 1040-X is a summary form, the penalty actually takes a three-step journey from your worksheets to your final payment: Form 5329, Part IV: This is where you calculate the 6% penalty on your Roth IRA excess (Line 25). Schedule 2 (Form 1040), Line 8: The penalty amount from Form 5329 flows here, under "Additional Tax on IRAs, other qualified retirement plans, etc." Form 1040-X, Line 10: The total from Schedule 2 is entered here in Column C ("Corrected amount"). If you are using TurboTax to do this, you won't actually type on Line 10 yourself. You will go to the "Other Tax Situations" tab. Select "Additional Tax on Qualified Plans (Form 5329)." Once you finish that interview, the software will automatically place that number to Line 10 of your 1040-X for you.

It is best to amend to claim the refund you are owed because when you withdraw from an IRA, you are entitled to recover your previously taxed contributions (basis) tax-free. If you did not claim them in 2024, you overpaid your state income tax for that year. And, since tax laws require you to report income and deductions/credits in the year they actually occurred, your records will not match when you try to catch up by using 2025 credits.   Once you amend, be sure to calculate your basis correctly by subtracting what you will recover with the amended 2024 return so that you claim the correct basis on your 2025 return. (i.e. Total contributed (previously taxed), minus amount recovered in 2024 with original return, minus amount recovered with 2024 amendment, equals remaining basis.)   If you used TurboTax to submit your 2024 returns, scroll down to your Documents file from the Tax Home page and select amend state only.

All accepted means is that the IRS got your e-file and found no reason on its preliminary scan to reject it. After that, the return goes through processing. TurboTax gets no info once accepted. Only the IRS can tell you the reason for the delay. It might not be the child's date of birth. You can TRY calling the IRS 800-829-1040. don't be surprised by multiple failures to get through to a live agent.  

If Turbo Tax says it was accepted that only means the IRS accepted it for processing.   It does not mean the IRS approved it yet.   Turbo Tax is done with their part.   Only the IRS can tell you when they will send you the refund.   They don’t update Turbo Tax about your return and refund.   

You may be looking for the interest income to show on Schedule E, page two, where K-1 income normally shows. But in the case of interest income it would show on Schedule B or directly on Form 1040, line 2. So, it may be on your return you are just not seeing it. You can see your Form 1040 while working online with TurboTax by following these steps:   Choose Tax Tools from your left menu bar in TurboTax Online while working in your program Choose Tools Choose View Tax Summary See the Preview my 1040 option in the left menu bar and click on it Choose the Back option in the left menu bar when you are done  @X4granny    

You can switch between deductions in the program.   TurboTax Online Go to the screen: Based on what you told us, [either Standard Deduction or Itemizing deductions] is right for you, and select Change my deduction. On the Which deduction do you want to take this year? popup, you'll see the dollar value of each deduction type. Select the type of deduction you want and select Continue twice. TurboTax Desktop Open or continue your return. Select Federal Taxes. If using Home & Business, select Personal. Select Deductions & Credits. When asked how you want to enter your deductions and credits, select I'll choose what I work on. Scroll all the way to the bottom of the Your 2025 Deductions & Credits screen and select Done with Deductions. Continue until you see The Standard [or Itemized] Deduction is Right for You! Select Change my deduction and choose which one you'd like. Select Continue to apply any changes. How do I change from the standard deduction to itemized (or vice-versa)?

Our TurboTax team has identified the issue and is working on a resolution. Sign up for notifications on when this issue will be fixed using the link below: Why am I getting address errors for my Home Energy credit when the address has already been added and is correct?  

You didn’t actually pay the tax or the 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½). You had taxes withheld like from your paycheck. You still have to enter the whole gross amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due. The Gross amount shows up on 1040 line 4a or 5a and the taxable amount on 4b/5b.  You will get credit for the withholding on 1040 line 25b. It has to break out and show the 10% penalty separately on your return (schedule 2 line 8 which goes to 1040 line 23). Then you get credit for all the withholding taken out on 1040 line 25b.

If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates". If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.   @shaq1946 

Yes, the rule still applies to your situation. The transfer tax is always added to the cost basis of the property and becomes part of the purchase price as well as other closing costs. The link provided by our Tax Expert @MindyB has valuable information and is posted here again for your convenience.   Tax Breaks and Home Ownership   Government Recording and Transfer Charges  Recording fees Title Charges Lenders Title Policy Settlement or Closing Fee (Includes Transfer fees) MLC - Municipal Lean Certificate Title Exam Owners title Insurance You can include these closing costs and add them to the cost basis of the property.   Loan charges - Loan charges are part of the loan, not cost basis Application fees Lender fees Appraisal Fee Inspection Fee Condo Questionnaire Credit Report Debt Report You can't include in your basis the fees and costs for getting a loan on property.   @ceseker 

If you paid 110% of your 2024 taxes, then you can go to the underpayment penalty section and answer the questions to have the penalty removed.     To do this select the following: Federal Other Tax Situations Underpayment Penalties under Additional Tax Payments continue through until you enter your tax liability for last year.   Then if you paid in 2025 110% of your 2024 liability TurboTax will calculate that based on what you entered in the program earlier through W-2's or other payments, and you will then be told you do not have an underpayment penalty.     

There is no way to edit this summary screen. Can only add new items. Cannot go into any of the items which are listed on this summary screen. The only way to edit the contents of these existing items is to go to Forms and find the form related to the item in the list and edit directly on the form not using step by step.