Retirement Tax Tips and Answers | TurboTax® Support

1099-R Income in Turbotax Business

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1099-R in TurboTax Business

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How to amend my 2023 tax return in TurboTax tax using software for excess return from Roth ira?

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Distribution of income of final tax return for a complex trust

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Estate Form 1041 Disbursements of Income

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How do I include an informational statement?

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foreign retirement pension

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1099-r entry in Turbo Tax for Business filing for trust and need to enter boxes 1, 2,4, 7 14 etc.

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non prototype 401k

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401k Partnership LLC received 1099 for rental income?

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1099-r

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I inherited an IRA from my mother that I rolled over into an inherited IRA account - It shows up as taxable income

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401k Nonelective Contributions (profit sharing) as S-Corp

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Reporting trust taxable income distributions

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1099 R in turbo tax business

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solok excess employer contributions

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How to enter Nondivdend distributions into Turbotax Business 2024

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Deferred Annuity paid to a trust following my mother's death

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1099-R EXEMPT

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Forms 1099 for 2024

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Real Estate Inherited from Life Estate

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1099-R in-puts

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Refund applied to next year's tax does not match the amount I applied in the earlier year. Is there a simple notation to fix this?

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Question about LLC Final Taxes?

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Removal of excess contribution to Roth IRA subject to 6% penalty? tax on gains?

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Do I report a 1099-R for an inheirited non-spousal IRA?

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TT Business SEP-IRA limit for my LLC assumes social security tax, but I've maxed it out in my W-2 for my full-time job.

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1 Reply 1266 Views

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TT not calculating wages correctly

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How to enter 1099R in Turbo Tax business

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How to deal with rounding differences between TurboTax and bookkeeping?

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Cost basis

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1041 not showing Federal taxes withheld on distribution to beneficiary.

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Why is the distribution for estate trust not showing on K-1 1041?

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Remove K-1 Distribution from TT Business

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How to enter 1099-R on PA-41 as Estate

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retirement contribution through partnership LLC or on personal return

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Solo 401K Contribution Deadline

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In which state should the estate tax return be filed?

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Filing a Final C-Corp Return

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How to input 1099-R on PA-41 as Estate

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Estate and Trust Filings with partial distribution

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Amount distributed is more than trust accounting income

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Overcontribute SEP IRA

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How do i enter IRA Rollover Form 5498

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Excess 401K contribution because of job changes in 2018?

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Cost Basis Reported

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Solo 401(k) - exempt from which taxes?

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How do I import my completed 8824 tax form into TurboTax Business?

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Life Insurance Payouts to Estate

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solo-401k- Turbo Tax Business

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RMD

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Where do you enter FSA 1099G Agriculture on Turbotax business

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What is the difference between 1st & 2nd tier on a 1041 distribution??

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Profit sharing plan is not an option in "Any Retirment Contributions"

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I'm the executor of an estate and received a 1099-R with "4G" distribution code in box 7. How do I file a 1041 as TT Business doesn't allow entering 1099s?

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14 Replies 11736 Views

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Rollover IRA & Roth IRA

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Using TTax Business for Trusts: How do I enter a futures 1099-B which has information in boxes 8 to 11? TTax assumes boxes A, B, D, E or X.

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Early Withdrawal from Roth IRA Older than 5 Years Including First-Time Home Exemption

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How to enter 1099r income for a 1041 estate return in TurboTax Business?

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SEP Contribution to none partner employee

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401k distribution 55+

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If a beneficiary is not named for an IRA or an Annuity and the total lump sum distributions goes to their estate does the estate pay the taxes due on that income?

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Entering 1099 R for a Trust

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How do I report my LLC's Contribution to my Solo 401k in turbo tax business 2021?

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For cash basis accounting can I account for the cost when I write a check, or does it need to be accounted for when the check clears the bank?

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Value of Traditional IRA question and Rollover IRAs

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Why won't TurboTax fill in a value for Form 1041 line 20, estate exemption?

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IRS publication 525 advised e a military disability rating of 20% or higher is eligible to recoup money deducted from their retirement pay for previous years. How?

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Inherited IRA trust

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Reporting Roth Contribution

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Salon Te’ Elle Ce’s EIN Number

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When to file form 5329 for missed 2016 RMD?

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Simple Trust distribution to beneficiaries. Turbo tax will not allow ALL income to be distributed and showing the Trust to pay income taxes. How do I fix this problem?

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Cant e-file my taxes because of disaster distribution form that was released feb 26th

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1 Reply 519 Views

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Estate Income Tax 1041 - Estate Income generates K1

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1099 R for inherited 401K?

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1099R on Estate Return

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How do i enter a 1099r in turbotax business

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1099-R code B2 error

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TurboTax 2020 Error: Doesn't Properly Handle 1099Rs for IRA Distributions That Were Redeposited

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Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?.

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Are Health insurance premiums and SEP IRA contributions included in W-2's Box 1, 3, and 5 as Taxable Wages for "LLC - Filing as Chapter S" Employees > 2% owners?

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how rollover IRA impact my back door to Roth

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Should I request a corrected 1099-R with a code M1. I quit my job but I paid off the loan. What should I do about the penalty?

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Inherited IRA was moved to a trust and then to the beneficiaries. 1099-R shows Estate as recipient of IRA. How do I report the distribution to the beneficiaries?

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Teacher retirement income from KS/OK/TX, now residing in Arkansas

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Double-taxed Nondeductible RMDs from Estate IRA

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S-Corp Employer 401(k) Contribution

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I am using Business version for trusts and estates. I have 3 1099R forms for annuity distribution. How do I report these?

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Does a "real estate professional" over 200k qualify for a self directed 401k deduction on form 1065 Schedule K for

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Complex Trust - Sec 663b Record Keeping

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Can I claim the taxes paid on form 990-T on my form 1040, otherwise, won't I pay tax a second time on the 990-T UBTI when I take the IRA distributions?

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How do I categorize 401k deductions on my business tax return?

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I borrowed some money to a friends business, do i have to report that on my deductions? Also some of the money borrowed it was lost

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What amount do I enter in the amount distributed to the beneficiaries? I do not have a tier 1 and tier 2 guestion, just says ‘enter the amount distributed.

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IRA withdrawals while unemployed age 59 but taken in the year I will turn 59 1/2, am I subject to the 10% penalty?

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How to determied payroll taxes: are the sum of all IRS form of 941 & 940 & EDD for state taxed that report each quarter?

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I live in California. I get retirement and social security with no state taxes taken out. Do I need to file a state tax return?

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Should payroll taxes be listed in the 1120-S p1-2 Box C1? If so what should be listed? Federal Income, Social Security, Medicare; and State Income Tax Witheld? S Corp

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Does a business list 401k contributions as retirement compensation to the employee, i.e., would they be listed as retirement cost

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Do we have to pay a 10% penalty? My wife turned 55 in July 2017 and laid off October 2017. We cashed out her 401K. What about the Age 55 Rule?

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I am 76 and have taken my RMD for 2017. Is there any way to avoid taxes on that withdrawal?

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Q: W2 box 11 is blank, is this a deferral or distribution?

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How do I avoid paying a penalty on an $185,000 Roth IRA distribution we received a 1099-R for. It was a short term loan to our son and was paid back in less than 60 days

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This is the second time to ask this question regarding 1065 page 5 and analysis of net income. This will not calculate for me. Is there a fix needed?

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How do I make TT report a corpus distribution from a complex trust without an income distribution?

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How do you get a distribution from a trust that exceeds income to flow to the K-1?

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Can and how do I roll-over all 2015 data to year 2016?

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Earnings reported on 1099-Q (box2) are being treated as taxable income for beneficiary even when entire distribution was paid directly to University for QTP

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Can my son avoid part of the penalty for cashing in ira as a first time home buyer if he used part of the money to pay mortgage after losing job?

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Turbo Tax 2015 Business - Form 1041 How Much Was Distributed to Each Beneficiary - Is this the cash distributed or the amount in Income Distribution Deduction?

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1 Reply 1693 Views

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One member of the LLC is a trust using member's social security no. Program looking for a FEIN. Used SSN 's last year with no problem

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1 Reply 1272 Views

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My mom died in Dec '15. Distributions were made from an IRA & annuity in early 2016. Where do I input 1099-R distributions in her name on Form 1041? In "Other Income"?

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Our son has Military retirement/VA disability pay only, does he qualify for EIC?

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My wife is a realtor and recevied a 1099 what from is used to make sure she gets credit for social security

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1 Reply 1328 Views

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In California, does the $800 annual tax payment, due in Q1, count toward the 1.5% tax liability for S-Corps? Or, is it in addition to the 1.5% tax rate?

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Where do I find trust (irrevocable and complex) distribution amount made to a beneficiary?

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Why does my 1099-R not show insurance premiums that we pay that come out of my retirement check?

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1 Reply 1437 Views

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Where do i enter my 1099r RMD for 1041 form, trustee account. I have delayed cashing that in for 2018. I don't seem to have access to 1099R form

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Is TurboTax QBI deduction incorrect for sole proprietor with solo 401K contribution? Recent IRS guidance suggests that QBI is calculated before solo 401k contribution.

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Can I deduct repayments to my retirement account for purchased service credit

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I received a 1099r for a distribution from an insurance policy that I paid into for roughly 60 yrs, the amount of the distribution is less that I paid.

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Turbo tax is now showing that distributions from a trust are taxable, why?

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1 Reply 1226 Views

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Is there a limit to rollover amount from solo 401K to IRA ?

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6 Replies 8260 Views

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Is the allowable $32,000 if married filing jointly line 8 social security benefits worksheet or is it $44,000

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1 Reply 1647 Views

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How do I find the lump sum payment for social security in a previous year. It is supposed to be less than zero. How can that be? I cannot file my taxes because of that

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5 Replies 2851 Views

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Do I include the distributions listed on the K-1s provided to members as part of last year's tax return when recording "cash distributions member received from LLC"?

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Do you report employer contribution to a self employed 401K on the w-2 form,

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1 Reply 1500 Views

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Can I deduct IRA contributions if I am self-employed, but also receiving payments from a previous employer's retirement plan?

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Where does member contribution show on tax return form?

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Ira contribution prior year. IRA contribution made 2015 not reported on 2015 taxes, can i use it for 2016?

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1 Reply 1190 Views

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Depreciation reduces my taxable income I know. But can I withdraw the depreciate amount in cash without tax consequence

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1 Reply 1692 Views

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$3742 SHOWING UP IN "OTHER INCOME TAXES". WHEN I GO TO EXTENSION PAYMENTS I ANSWER THE QUESTION NO. AND IT TAKES ME BACK TO YES OVER AND OVER.

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1 Reply 1178 Views

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Is there a total amount that can be in a roth ira? The question is not related to yearly contributions.

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1 Reply 1259 Views

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Is there a reason line 4a on the tax return would be different than the 1099R summary?

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Does the Q on 1099-R about what did I do with the money from pension, apply to me as the spouse of disabled RR employee? Is 'did something else with it', correct?

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I contribute to a Roth 403b with AFTER tax dollars. Can I deduct this somehow?

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1 Reply 1673 Views

1 Reply

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I withdrew from IRA's and reinvested the majority back into CD's. Where do I enter this to eliminate the taxes owed?

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1 Reply 1476 Views

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I'm considering rolling a traditional IRA to a Roth, and I want to do an ESTIMATE of the tax impact. How do I fill out a fake 1099-R?

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How to report 1099R income received by a special needs trust

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If an investment owned by an estate is split between beneficiaries, how do you pay the tax on the change in value between the date of death and the distribution date?

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1 Reply 1135 Views

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Where can I find blank form 1099-S? [removed]

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1 Reply 1311 Views

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1311 Views

S corporation that only made shareholder's distribution. No W2 or 1099 filed. How do I report that distribution as income on my 1040.

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1 Reply 2841 Views

1 Reply

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I received 2 1099s for withdrawal from my IRA account (this was for the same withdrawal)- they have two different Federal ID numbers and different distribution amounts

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1 Reply 2724 Views

1 Reply

2724 Views

My sister took a distribution from our trust. I did not. Can we keep the income in the trust and report the distribution as a principal reduction?

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1 Reply 1017 Views

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1017 Views

Can you explain why the program will not keep the selected response? The question asked if this pension was from being a public safety officer and I replied yes.

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1 Reply 1750 Views

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1750 Views

Is a 2018 1099 miscellaneous income, 2019 income, since we did not get the income till 2019 since it was mailed on 12/31/2018?

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1 Reply 1073 Views

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If I was appointed Successor Trustee of my deceased Mother's Trust during 2015, do I need to file form 8822-B with form 1041 to report the change in Trustee?

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1 Reply 1966 Views

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1966 Views

Should I show the distribution of $6000 in 2016 tax return if we already paid taxes on it in 2015?

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3 Replies 1848 Views

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I have a 529 for my grandson. When I record the info from the 1099-q TT picks up taxable income. Why?

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1 Reply 1253 Views

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Do you have a TurboTax Online account?

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