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Thanks for the reply! I did mark the question “I inherited the IRA” as "no" as I misunderstood the question & thought it meant did I inherit the IRA from the brokerage – No, it came from my deceased Mother. When I switched it to Yes, the $2305 RMD showed up as taxable on line 4b and Form 8606 corrected to include the full $8000 basis on lines 1, 3, and 14. I am in the process of filing an amended 2024 1040 X Federal & state return to pay the additional tax for the RMD 😐   The IRA Info Wkst still lists the $7485 Conversion (for 2024 done on 4/14/25) as a nontaxable conversion amount for both 2024 & 2025 (?) Maybe it will correct itself?   I have another question about 8606 Traditional IRA basis: For tax year 2021 I performed a backdoor Roth conversion in calendar year 2022 and ended up with a $931 remaining basis on 2022 Form 8606. I forgot to report this on my 2023 Return, but on the 2024 Amended Return I added the $931 in at the prompt to enter the Traditional Basis as of 12/31/23. I did see that if I missed an 8606, I can print out a 2023 Form 8606 to show the carryforward basis and mail it to the IRS with an explanation and hopefully no charge?   Thanks for your help!

@destinymcdonald1974 wrote: Having the IRS direct deposit and or paying for TurboTax 5-day early is it the same deposit time To me I feel like it is an unnecessary fee please give me some clarification on this matter I'm a fellow user, not a TurboTax employee. So this is my opinion.   That "Up to 5 days early" option does not speed up any processing time at the IRS.  It only kicks in once the IRS is ready to release your refund.   Here's some info on it:   The "Up to 5 day early" offer has a $35 fee if you choose to have it sent to your own bank account.   There is no fee if you choose the "Up to 5 days early" offer deposited to a Credit Karma Money checking account.   So they are hoping to entice folks to open a Credit Karma Money account.   Since it says "Up to 5 days", that means it might come 1, 2, 3, 4, or 5 days early.  TurboTax says if it doesn't come at least 1 day earlier than it would have if it had come directly from the IRS, then they will not charge the $35 fee.  In my opinion, it is not worth $35 if you might only get it 1 day early.  You'll have to decide if it's worth it to you to get it 1-5 days early.   Plus that offer uses a third-party bank to handle the funds.  Whenever there's a third party bank in an add-on option, that's an extra step where things could go wrong.    Here's a FAQ with complete details:   FAQ:  "Up to 5 days early" offer https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund-advance/turbotaxs-five-days-e...   NOTE:  Also be aware you will save money if you pay any TurboTax fees upfront with credit/debit card.  If you choose to pay fees out of your refund, that also involved a third-party bank to receive the funds, and there is an extra $40 service fee for that option ($45 for California filers) and again is an extra step that can cause problems if anything goes wrong.

Thank you for the reply. According to TT,  IRS is now asking about this to determine if more tax credits are applicable; hence there is a change in the tax forms, wherein the question of having lived in the US for at least 6 months pertains to more than just Earned Income credit, and hence this question is being asked to all who use TT.  Is this true?

since she had family coverage from 1/1-11/30 on your TurboTax 8889 you must indicate you had family coverage for every month from January through November.  I am assuming you had no disqualifying coverage that covered her after July.    I'm almost certain the reason you are having this issue is that you indicated on your 8889 that you only had family coverage through July.    The rules do say if one spouse has family coverage, both spouses are treated as having family coverage. However, if you were covered by a non-HDHP after July, the HSA limitation for you is 7/12 of 8550. Her family coverage is irrelevant in this case. So if you were not covered by a non-HDHP after July, you must check family coverage for Aug - Nov on your 8889 

@likesky1010 Massachusetts generally does not recognize the federal Section 475(f) Mark to market election for state income tax purposes. While federal rules allow traders to treat gains/losses as ordinary, Massachusetts typically treats trading gains/losses as capital gains/losses, subject to capital loss limitations, as the state code is not fully linked to current federal trader tax rules. https://www.mass.gov/info-details/differences-between-ma-and-federal-tax-law-for-personal-income#:~:text=For%20personal%20income%20tax%20purposes,IRC%20as%20currently%20in%20effect. Income items included in both Massachusetts and federal taxable income but with differences: Capital Gains Massachusetts taxes most long-term gains at 5% and taxes long-term gains from the sale or exchange of collectibles at 12% (subject to a 50% deduction). For tax years ending on or before December 31, 2022, short-term gains were taxed at 12%. For tax years beginning on or after January 1, 2023, the tax rate on short-term gains from the sale or exchange of capital assets is 8.5%. The federal rate on capital gains varies.   Capital Losses can be applied against gains and ordinary income up to $3,000 for federal tax purposes. Massachusetts allows losses to offset any amount of gain (offset limited to amount of gain) and to offset up to $2,000 of interest and dividends. Capital losses cannot be used against other ordinary income.