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Follow-up thoughts: I'm not sure what (B) cumulative adjustment to basis represents What I recommended previously, is take your $6,000 beginning stepped up basis, adjust this for the applicable lines on the current year K-1 and this becomes your ending tax basis (also your cost basis). I agree with your understanding of the 1099-B When you enter the K-1 information in TT, and you indicate you "sold" the interest, at some point TT will ask for sales price, cost basis (tax basis) and any ordinary income recapture.  This is where the "sale" information should be reported. Don't worry about the capital account information.  TT doesn't really use this As noted previously, the decedent holding period "tacks" on to you, so you would enter this date; which provides you with LT gain or loss. Selling date should conform to the date on the 1099-B.

I'm now confused about total foreign income and quailifying foreign income.   Let's do an example:  I've got a 1099-Div from American Funds that shows $5000 of Ordinary Dividends (Box 1a), $4000 of Qualified Dividends (Box 1b),  $20,000 of Cap Gain Dist (Box 2a), and $1000 of Foreign Tax Paid (Box7).  When I get to the Foreign Tax Credit portion of TTax, (jumping over a couple of screens) Ttax asks "Where Did You Receive Div Income From".  Answer RIC, for registered investment company.  Now I report Income From Foreign Countries and it shows RIC.  I click "Report Income", and it shows the name of the mutual fund.  Click that, and now it asks about Foreign Source Income.  It shows I received $25000 of total income from Am Fds.  How much of this income was from foreign countries.  I go to the Am Fds tax center, and it says the foreign income factor for the fund is 0.5000.   So now, do I report the foreign-source income as 0.5000 X $25,000 (Ord Div's + Cap Gains) = $12,500?  Or is it 0.5000 x $5000 (only Ord Div's) = $2500?   And just to complicate things, what happens to the qualified dividends?  Do they get reported separately?   And if I only used the Ordinary Dividends in this calculation, how/where do I deal with the $20,000 of Cap Gains.   TurboTax is not clear on how this all plays out.  And trying to figure it out from Form 1116 is like trying to understand quantum physics 🙂    My thanks in advance for any light you can shed on this subject.   Fred

TurboTax doesn't have any information regarding your refund once it's filed. Some reasons why your refund is lower than the amount on your tax return: Some other reasons why your refund is lower than the amount on your tax return:   The IRS may have applied part of your refund to other debts you may have, such as child support, student loans, spousal support, or other state debt. The IRS found a mistake in your tax return. For more information, review the TurboTax Help article Why is my refund direct-deposit or check lower than the amount in TurboTax? and  the IRS article Topic no. 203, Reduced refund for information,

If you e-filed using TurboTax, you will receive a notification from TurboTax (email or text) when the IRS has accepted your return.   To check directly with the IRS, visit this IRS webpage to check the status of a refund. If you set up an Online Account for Individuals, you can access your individual account information including balance, payments, tax records and more.  

  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx   Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf

If the IRS posted a Transaction Code 460 to your account, it means an Extension of Time for Filing has been recorded. It could be showing a later date based on when the transaction code was input. If a TC 460 was entered in error, they would post TC 462 to correct the error.   See this link for more information about IRS transaction codes.   @rainbowturtle 

This conversation is appearing in the US user Community. If you are a user of the Canadian version of TurboTax, you may wish to access the Canadian Community and participate in those discussions.    If you are filing a US return, you can claim charitable deductions to US-based charities.    A Canadian citizen residing in the U.S. typically files Form 1040 (U.S. Individual Income Tax Return) as a tax resident to report worldwide income, or 1040-NR if a non-resident alien. They must also report foreign financial assets (FBAR) and may need to file a final Canadian departure return, potentially followed by non-resident tax returns if they still have Canadian income sources.   For U.S. Residents Reporting Canadian RRSPs:   Use the "Foreign Tax Credit" section to report RRSP income and claim credits for Canadian taxes paid. Report RRSP withdrawals, dividends, and earnings under the "Retirement Plans" section. It is crucial to use the appropriate exchange rates for the date of distribution.   The Canada-U.S. Tax Treaty (Article XVIII) treats RRSPs as tax-deferred accounts, meaning reinvested dividends are not taxed annually as they would be in a Canadian TFSA. You must properly declare the tax-deferred status of your RRSP on your U.S. tax return to maintain this advantage. While reinvested dividends are deferred, actual withdrawals from your RRSP are fully taxable as ordinary income in the U.S.    Some U.S. states (notably California) do not recognize the Canada-U.S. tax treaty and may tax the reinvested dividends annually, even if the federal government does not.   See this discussion on a related topic.   @user17766499932 

If you don’t respond to the IRS letter you would receive a check but about 8 weeks later. This is from the TurboTax site.  IRS Phasing Out Checks:The IRS is phasing out paper checks, encouraging electronic payments to reduce delays. If You Don't Provide Bank Info: If you file without entering bank information, you may receive IRS Notice CP53E, which lets you either provide info for direct deposit or ignore it to receive a check, often leading to a 6-week delay.