Retirement Tax Tips and Answers | TurboTax® Support

401k Cares Act Covid Withdrawal and Repayment?

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80 Replies 5548 Views

80 Replies

5548 Views

Excess Deferral (to 401k & TSP) in 2021

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2 Replies 181 Views

2 Replies

181 Views

1099-R: The amount of taxes withheld on your 1099-R is more than your taxable retirement income...?

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9 Replies 652 Views

9 Replies

652 Views

Over contribution to 401k

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4 Replies 105 Views

4 Replies

105 Views

After completing my income, turbotax still shows the 401k rollover as taxable income, even though code G is entered in box 7, and it is marked NO, not moved to Roth account. When/how does this change...

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5 Replies 95 Views

5 Replies

95 Views

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

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4 Replies 154 Views

4 Replies

154 Views

deferred compensation

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2 Replies 101 Views

2 Replies

101 Views

Can't contribute to IRA because had employer retirement account?

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3 Replies 137 Views

3 Replies

137 Views

Can I attach a letter from Fidelity that I got after the recharacterization of traditional IRA contribution to Roth IRA contribution?

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1 Reply 45 Views

1 Reply

45 Views

Trad IRA Dist can I repay to a Roth w/o penalties?

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2 Replies 140 Views

2 Replies

140 Views

401k Overcontribution Questions

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4 Replies 383 Views

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383 Views

Heavy Price to Pay

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8 Replies 280 Views

8 Replies

280 Views

401k restoration plan

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1 Reply 72 Views

1 Reply

72 Views

401k rolllover

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7 Replies 293 Views

7 Replies

293 Views

401K Cares Act Withdraw In Prior Year

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1 Reply 99 Views

1 Reply

99 Views

2021 IRA Contributions & change in 401k coverage

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1 Reply 221 Views

1 Reply

221 Views

money from 401K for buying series I bonds

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2 Replies 369 Views

2 Replies

369 Views

How do I claim Illinois taxes on my IRA after retiring in Missouri?

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10 Replies 340 Views

10 Replies

340 Views

Can 403b + Roth IRA contributions larger than earned income?

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1 Reply 126 Views

1 Reply

126 Views

Penalty on excess contributions to 401(K) Account

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15 Replies 750 Views

15 Replies

750 Views

NUA on past employer 401k - avoid taxation on sale of fractional share

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0 Replies 107 Views

0 Replies

107 Views

Withdraw excess IRA contribution and first time home purchase at the same time?

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1 Reply 160 Views

1 Reply

160 Views

1099-R to a minor on death of her mom and her 401K distribution as part of inheritance

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2 Replies 631 Views

2 Replies

631 Views

Repayment of a covid relief withdrawal

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5 Replies 477 Views

5 Replies

477 Views

401 K

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1 Reply 152 Views

1 Reply

152 Views

1099-R

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1 Reply 100 Views

1 Reply

100 Views

removed money from 401K investment and returned a portion of it within 30 days

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1 Reply 86 Views

1 Reply

86 Views

Can After tax contribution to traditional IRA be returned?

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2 Replies 301 Views

2 Replies

301 Views

401k overcontribution - amended W2

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6 Replies 2248 Views

6 Replies

2248 Views

Can you roll over a terminating 401k into a SEP IRA ?

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2 Replies 264 Views

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264 Views

Exceeded 401k Contribution

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2 Replies 312 Views

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312 Views

1099R - 401k Rollover error

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6 Replies 757 Views

6 Replies

757 Views

401K

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3 Replies 220 Views

3 Replies

220 Views

401K withdrawal

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1 Reply 95 Views

1 Reply

95 Views

Form 8606

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3 Replies 334 Views

3 Replies

334 Views

Rollover of Inherited 401K to Individual IRA

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1 Reply 87 Views

1 Reply

87 Views

taxable income reported on 1099R not picked up correctly on 2019 Form 1040

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7 Replies 953 Views

7 Replies

953 Views

Self-Employed Retirement Plans

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8 Replies 646 Views

8 Replies

646 Views

Solo 401 Excess Contribution and Prompt Correction/1099-R

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1 Reply 285 Views

1 Reply

285 Views

Should excess 2020 401k deferrals be reported on substitute 1099-R in retirement section or 1099-Misc in "Other" income? I get two different answers within the TT program

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7 Replies 962 Views

7 Replies

962 Views

Covid related 401K withdrawal

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3 Replies 408 Views

3 Replies

408 Views

New COVID 401k exemption questions confusing

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1 Reply 107 Views

1 Reply

107 Views

1099

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1 Reply 92 Views

1 Reply

92 Views

Double count of Rollover conversion: post-tax to Roth-in-plan converted 401k and later Roth 401k to outside roth IRA

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0 Replies 111 Views

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111 Views

401K distribution taxable in PA?

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1 Reply 387 Views

1 Reply

387 Views

Can one member of a two person LLC do a SIMPLE IRA, SEP, or Solo 401k on their own without involving the LLC?

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1 Reply 628 Views

1 Reply

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Solo 401k Contribution Calculations

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0 Replies 102 Views

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102 Views

Retirement plan contribution

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1 Reply 83 Views

1 Reply

83 Views

RMD on a 401-K

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3 Replies 299 Views

3 Replies

299 Views

Roth 401k rollover to Roth IRA and excess contributions

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4 Replies 1150 Views

4 Replies

1150 Views

Properly report simple transition from Roth to traditional

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5 Replies 362 Views

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362 Views

MDR, 2020

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2 Replies 324 Views

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324 Views

Thrift Savings Plan

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5 Replies 834 Views

5 Replies

834 Views

For Home & Business 2020, the "Maximize Contribution to Individual 401(k)" calculation is incorrect

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6 Replies 721 Views

6 Replies

721 Views

Allocating 2020 IRA/401K withdrawal over 3 years in TurboTax

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1 Reply 203 Views

1 Reply

203 Views

1099Rs

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2 Replies 353 Views

2 Replies

353 Views

I had to switch jobs to a lower paying job due to COVID and had to withdraw from my 401K

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1 Reply 114 Views

1 Reply

114 Views

I need to knkw how to add a 1099-R form to my 2020 taxes that i already submitted?

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3 Replies 273 Views

3 Replies

273 Views

Rolled over Roth IRA

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1 Reply 117 Views

1 Reply

117 Views

401K

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1 Reply 88 Views

1 Reply

88 Views

Early withdrawal of 401(K) for medical expenses.

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1 Reply 80 Views

1 Reply

80 Views

Roth Conversion: Tax Contributions TY19 & TY20, Converted in 20 - Cannot enter previously taxed amount

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1 Reply 154 Views

1 Reply

154 Views

Contributions to Roth and Trad IRA's if I used to be in a retirement plan at start of year but was laid off

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1 Reply 204 Views

1 Reply

204 Views

Cares act withdrawal mistake

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5 Replies 1319 Views

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401k withdrawl

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4 Replies 726 Views

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726 Views

How to pay taxes on 401K > Roth IRA conversion if I already filed my tax returns

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1 Reply 168 Views

1 Reply

168 Views

I did a rollover of my 401k to 2 separate accounts but kept $24,000. on my form 199-R box 1 shows the full amount of the rollover box 2 is 0. Is that how I show it on turbotax when it asks about the...

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1 Reply 155 Views

1 Reply

155 Views

Retired with a 401k that gets an annual RMD. TurboTax asks if I get regular periodic payments from this retirement account.

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7 Replies 1450 Views

7 Replies

1450 Views

Can you amend an early withdrawal error?

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5 Replies 1196 Views

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1196 Views

Taxes with 401k withdraw

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5 Replies 731 Views

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S Corp Individual 401K adjusting/removing the company contribution due to company losses

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3 Replies 687 Views

3 Replies

687 Views

Why is New Jersey taxing my backdoor Roth IRA?

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9 Replies 2646 Views

9 Replies

2646 Views

If I had a 401k at my previous employer ;wouldn I get a 1099 form sent to me by my former employer

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1 Reply 166 Views

1 Reply

166 Views

401K Excess Deferral

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0 Replies 193 Views

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193 Views

401k distribution

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4 Replies 831 Views

4 Replies

831 Views

Amending taxes for IRA contribution or Roth IRA conversion

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1 Reply 189 Views

1 Reply

189 Views

What to do after correction of 401k over contribution?

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1 Reply 194 Views

1 Reply

194 Views

I added my 401k distribution in error as my AGI on my 1040, lines 6 &7

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1 Reply 170 Views

1 Reply

170 Views

401K Excess Contribution

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6 Replies 1718 Views

6 Replies

1718 Views

401(k) loan offset under Tax Cuts and Jobs Act of 2017

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10 Replies 2521 Views

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2521 Views

Misdirected Distribution

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3 Replies 440 Views

3 Replies

440 Views

Required Minimum Distribution Reporting

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3 Replies 583 Views

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2019 Forms for Qualified Disaster Distributions

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1 Reply 229 Views

1 Reply

229 Views

Losses from retirement excess contribution

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1 Reply 225 Views

1 Reply

225 Views

I'm fully retired,but i still work full time.I have several IRA's and a 401k. Can i satisfy all my RMD's wth one withdrawl from my 401?

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1 Reply 332 Views

1 Reply

332 Views

esop and ksop

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6 Replies 1298 Views

6 Replies

1298 Views

Reporting excess Roth 401k Contribution

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10 Replies 2312 Views

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2312 Views

rollover

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2 Replies 667 Views

2 Replies

667 Views

Can I still contribute extra to my IRA prior to April 15 2020 and lower my taxes this year

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1 Reply 231 Views

1 Reply

231 Views

ESOP STOCK DIVIDENDS REPORTED ON FORM 1099-R

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9 Replies 3188 Views

9 Replies

3188 Views

RMD reporting

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4 Replies 713 Views

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713 Views

roth ira contributions

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7 Replies 747 Views

7 Replies

747 Views

Reverse Rollover from Traditional IRA with pre- and post-tax funds

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1 Reply 224 Views

1 Reply

224 Views

RMD from 401K over 70?

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2 Replies 194 Views

2 Replies

194 Views

TurboTax Bug Related to 401k Excess Deferral

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2 Replies 1041 Views

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1041 Views

Self Employed 401(k) - Employer Over Contribution

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2 Replies 465 Views

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465 Views

2018's pay affecting 2019's 401(k) assumption

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2 Replies 219 Views

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219 Views

early withdrawal from ira for medical expenses

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1 Reply 162 Views

1 Reply

162 Views

Pension distribution choice

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1 Reply 304 Views

1 Reply

304 Views

Excess and Non-Deductible 401(k) Contributions

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7 Replies 982 Views

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982 Views

Deducting after-tax contributions from ira distribution

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3 Replies 1170 Views

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1170 Views

Double-counting income for IRA rollover is disqualifying me for LLC credit

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1 Reply 248 Views

1 Reply

248 Views

Taxes on Roth 401k to IRA rollover

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4 Replies 1853 Views

4 Replies

1853 Views

How to file Early Retirement Withdrawal?

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5 Replies 752 Views

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How do i claim form 1099 after submitting taxes

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2 Replies 572 Views

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572 Views

Individual 401k excess in 2019, refund in 2020

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5 Replies 1201 Views

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1201 Views

401 K withdrawals

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4 Replies 1132 Views

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Can I amend solo 401k to migrate to new business entity

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1 Reply 187 Views

1 Reply

187 Views

Do Roth IRA contributions count toward defined contribution plan limits?

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4 Replies 1173 Views

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1173 Views

Retirement plan contribution limits

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2 Replies 911 Views

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911 Views

401K Excess Salary Deferral (for calendar year 2018) - Over contributed to two (2) separate 401K plans for two (2) separate companies that I currently work for. How to ask for excess salary deferral b...

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3 Replies 562 Views

3 Replies

562 Views

Solo 401k elective deferrals benefits vs. contributing as employee after payroll.

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3 Replies 879 Views

3 Replies

879 Views

401k withdrawal for medical

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2 Replies 849 Views

2 Replies

849 Views

Can you exceed your total income over multiple retirement account contributions?

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1 Reply 477 Views

1 Reply

477 Views

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