Retirement Tax Tips and Answers | TurboTax® Support

On 1099R, in box 7, there is a "T" for "ROTH IRA distribution, exception applies". What exception? Is this distribution taxable or not?

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13 Replies

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"Box 12 NY State withholdings can not be greater than or equal to gross distribution or state distribution" Box 12 is $63.90 and gross distribution is $1,278.00?

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16 Replies 8388 Views

16 Replies

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Am I required to make quarterly withholding payments on income that I won't receive until the last day of the year, or just when I receive the distribution?

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Does anyone know why Turbo Tax basic handles IRA minimum distributions incorrectly?

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4 Replies 2888 Views

4 Replies

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I received some gift merchandise from a retailer for providing reviews. Are these taxable? Is there any maximum limit for which I do not have to pay taxes?

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1 Reply 1042 Views

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Received Schedule K-1 for deceased brother's IRA after filing with substitute form 4852 with what I thought was final income amount. Did not receive as much as I filed?

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2 Replies 1110 Views

2 Replies

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Can i file a 1040EZ form while contributing to a 457b plan

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1 Reply 1679 Views

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On form 8958: On Line 11: Taxes Withheld, do I include just the federal income tax withheld or also the social security and medicare tax withheld?

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1 Reply 1340 Views

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I received a 1099-R for funds I never received. They are going to re-issue the check and I plan on putting the funds into my current 401k. What do I select on my taxes?

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1 Reply 4623 Views

1 Reply

4623 Views

What is the 2018 revised version of the data set taken into account to calculate form 1116's "gross income from all sources?"

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2 Replies 1651 Views

2 Replies

1651 Views

If my husband and I filed jointly, do I have to add him to my tax addendum or should it just be under my name? I am the one who received a 1099 form.

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1 Reply 1048 Views

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In 2012 I overcontributed to my Roth IRA by $333. I need to correct this overcontribution -- all forms to file and all actions to take.

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9 Replies 3994 Views

9 Replies

3994 Views

Had it set up for fedeal taxes to be taking from checking account on the 3/15/19 but they did not

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1 Reply 1291 Views

1 Reply

1291 Views

My parents are retired and live with me. can I claim them? Their only income is Social Security. Between the two of them they collect around $14,400.00. Thanks Randy

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1 Reply 6049 Views

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6049 Views

My spouse was unemployed for 6 months when his H1B expired in 2018. Will we get any kind of additional tax return due to this?

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1 Reply 1075 Views

1 Reply

1075 Views

I am working with my bank to fix an error in my 1099 report. There is a delay in fixing this and I am now running late with my tax filing. Can I apply for an extension?

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1 Reply 846 Views

1 Reply

846 Views

About to finish my return and my 1099 income has just been got counted twice; need to somehow erase one of those payments, so i go on and finish and pay my taxes. Help

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1 Reply 969 Views

1 Reply

969 Views

I already filed my returns, but got a 1099-R form in the mail. Line 2a taxable amount is zero. And the distribution code is is G. What am I suppose to do now?

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1 Reply 831 Views

1 Reply

831 Views

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Topics with Label: TurboTax Basic Mac

On 1099R, in box 7, there is a "T" for "ROTH IRA distribution, exception applies". What exception? Is this distribution taxable or not?

"Box 12 NY State withholdings can not be greater than or equal to gross distribution or state distribution" Box 12 is $63.90 and gross distribution is $1,278.00?

Am I required to make quarterly withholding payments on income that I won't receive until the last day of the year, or just when I receive the distribution?

Does anyone know why Turbo Tax basic handles IRA minimum distributions incorrectly?

I received some gift merchandise from a retailer for providing reviews. Are these taxable? Is there any maximum limit for which I do not have to pay taxes?

Received Schedule K-1 for deceased brother's IRA after filing with substitute form 4852 with what I thought was final income amount. Did not receive as much as I filed?

Can i file a 1040EZ form while contributing to a 457b plan

On form 8958: On Line 11: Taxes Withheld, do I include just the federal income tax withheld or also the social security and medicare tax withheld?

I received a 1099-R for funds I never received. They are going to re-issue the check and I plan on putting the funds into my current 401k. What do I select on my taxes?

What is the 2018 revised version of the data set taken into account to calculate form 1116's "gross income from all sources?"

If my husband and I filed jointly, do I have to add him to my tax addendum or should it just be under my name? I am the one who received a 1099 form.

In 2012 I overcontributed to my Roth IRA by $333. I need to correct this overcontribution -- all forms to file and all actions to take.

Had it set up for fedeal taxes to be taking from checking account on the 3/15/19 but they did not

My parents are retired and live with me. can I claim them? Their only income is Social Security. Between the two of them they collect around $14,400.00. Thanks Randy

My spouse was unemployed for 6 months when his H1B expired in 2018. Will we get any kind of additional tax return due to this?

I am working with my bank to fix an error in my 1099 report. There is a delay in fixing this and I am now running late with my tax filing. Can I apply for an extension?

About to finish my return and my 1099 income has just been got counted twice; need to somehow erase one of those payments, so i go on and finish and pay my taxes. Help

I already filed my returns, but got a 1099-R form in the mail. Line 2a taxable amount is zero. And the distribution code is is G. What am I suppose to do now?

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Topics with Label: TurboTax Basic Mac