Availability of IRA Withdrawals section in 2025 desktop software

[JBSCA]

I'm planning to execte a large Roth conversion before the end of 2025 and want to simulate my taxes for various conversion amounts, but the section for IRA withdrawals (1099-R) tells me it will be "Available Soon" in the Mac desktop software. Any idea when I'm likely to be able to do my project? Thank you!

[VolvoGirl]

I don’t know when that section will be ready but you can probably enter it using the Forms mode.  Click on Forms in the upper left for Mac.  

[JBSCA]

Forms mode worked. Thanks!

[fanfare]

Since an IRA distribution is ordinary income you can find the tax by entering Interest income or 
"other" income.

@JBSCA 

[Click]

It can be a little more complicated than that for some. For example, if you've ever made non-deductible contributions to an IRA, then you have a basis in that IRA. It could be that, say, only 90% of your withdrawal was taxable.

Using Forms mode as suggested is the better workaround, but still not perfect.

[AmeliesUncle]

Be aware that the 2025 software mostly uses the 2024 numbers until AT LEAST the mid-December update.  For tax-planning or tax-projections, I wouldn't do anything until the mid-December update (and even then, many things are not updated to the 2025 amounts until mid-January).

[Click]

> 2025 software mostly uses the 2024 numbers until AT LEAST the mid-December update

What gave you that idea? What numbers are you talking about? The 2025 tax brackets, deductions, even much of the OBBB changes (including the extended senior deduction) were in the initial public release around the first of November.

When I first move estimates into TT, I compare with Dinkytown (where I do estimates prior to TT release) and did not find any discrepancy.

I've been using TT for end of the year estimates since the 1990s.

While it is certainly true that the forms aren't finalized or approved by the IRS, and there are certain areas (such as handling complex qualified distributions) that aren't fully functional yet, and of course a few bugs, the assertion that "the numbers" are from 2024 is just wrong. For the most common numbers such as tax brackets and things indexed to inflation, the TY2025 numbers were finalized by the IRS over a year ago.

[NCperson]

The primary reason many of the TT tax forms are marked "draft" is they require approval from the IRS.  If the IRS displays the form as "draft" on its website, so will the services providers. 

That doesn't mean the forms noted as 'draft' are not correctly calculating.  

[AmeliesUncle]

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@Click wrote:

> 2025 software mostly uses the 2024 numbers until AT LEAST the mid-December update

What gave you that idea? What numbers are you talking about? The 2025 tax brackets, deductions, even much of the OBBB changes (including the extended senior deduction) were in the initial public release around the first of November.

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Maybe they have improved things from prior years.  In most prior years, MANY items (HSA limits, maximum IRA/401k contributions, and much more) were not updated to the current year until at least the mid-December update. 

Thanks for letting me know that they have improved.