Retirement Tax Tips and Answers | TurboTax® Support

Mega backdoor Roth not reflecting in 1040 line 4a, 4b instead shows in line 5a, 5b

by on Latest post on by

3 Replies 17577 Views

3 Replies

17577 Views

Backdoor Roth conversion

by on Latest post on by

8 Replies 5695 Views

8 Replies

5695 Views

How to amend 2023 tax return for excess Roth IRA contribution - form 1040x + 5329

by on Latest post on by

6 Replies 4597 Views

6 Replies

4597 Views

Multiple years of ineligible Roth IRA contributions

by on Latest post on by

8 Replies 1750 Views

8 Replies

1750 Views

Foreign retirement plan

by on Latest post on by

2 Replies 966 Views

2 Replies

966 Views

How do I enter rollover from after-tax 401K split between Roth IRA and regular IRA ?

by on Latest post on by

6 Replies 3077 Views

6 Replies

3077 Views

understanding solo 401k employee contribution limits

by on Latest post on by

1 Reply 7900 Views

1 Reply

7900 Views

I receive retirement checks from a US company, but live in the Philippines. The distributions are taxed at 30%. How do I enter the taxes withheld in Turbotax?

by on Latest post on by

3 Replies 707 Views

3 Replies

707 Views

TRADITIONAL IRA CONTRIBUTION

by on Latest post on by

1 Reply 1056 Views

1 Reply

1056 Views

NR-4 form with a distribution code of 43 (Lump Sum)

by on Latest post on by

2 Replies 695 Views

2 Replies

695 Views

Does Georgia's $35,000 state income tax exclusion for retirement Income include her teacher's pension plus traditional ira withdrawals?

by on Latest post on by

1 Reply 396 Views

1 Reply

396 Views

How to report dividend income from overseas where we do not get a 1099 form?

by on Latest post on by

1 Reply 402 Views

1 Reply

402 Views

I just withdrew contributions from my ROTH IRA before the 5-year maturity requirement. Can I repay this back to my ROTH now to avoid paying the 10% penalty?

by on Latest post on by

1 Reply 632 Views

1 Reply

632 Views

Does anyone have any experience with IRS form 5329?

by on Latest post on by

2 Replies 621 Views

2 Replies

621 Views

What is the happy medium between increasing 401K by 15% and adjusting W4 withholding?

by on Latest post on by

2 Replies 669 Views

2 Replies

669 Views

What is the proper way to adjust the cost basis for the SLV / GLD ETFs that are structured as trusts, and have monthly expenses that show up on your 1099-B?

by on Latest post on by

62 Replies 26663 Views

62 Replies

26663 Views

I transferred Bitcoin from an exchange to a hardware wallet which I still own. My exchange API is showing this as a withdrawal and taxable. Should I delete this entry?

by on Latest post on by

1 Reply 735 Views

1 Reply

735 Views

I can't find form 8606. The instructions to search for "IRA Contribution Information" do not work. How can I trigger this form?

by on Latest post on by

1 Reply 432 Views

1 Reply

432 Views

I have the final (3rd) distribution from 2020 Covid Disaster to claim but the online software is not showing where to put it. Already checked 1099-R section.

by on Latest post on by

1 Reply 288 Views

1 Reply

288 Views

I have a 1099-R but I used that money for a downpayment on my first home that I bought in 2022, how would I fill this out?

by on Latest post on by

1 Reply 296 Views

1 Reply

296 Views

My retirement contribution is shown as 41,000 by Turbo tax but I have not entered that amount

by on Latest post on by

1 Reply 279 Views

1 Reply

279 Views

For my CA taxes, Schedule CA (Wage, IRA and Pension Adjustments) line 8 has my entire W2 amount listed in it. Would this be accurate if I took a Paid Family Leave?

by on Latest post on by

5 Replies 1992 Views

5 Replies

1992 Views

Turbotax doesn't accept the zip code for my life insurance company's address. Eventhough Iit is the correct zip code.

by on Latest post on by

1 Reply 357 Views

1 Reply

357 Views

Made excess Roth IRA contribution in 2022, but removed the excess contribution and earnings in March 2023. How to report the earnings on 2022 tax return? Can't find 5329.

by on Latest post on by

8 Replies 1477 Views

8 Replies

1477 Views

Turbo tax won't accept the amount in my 1099R block 5

by on Latest post on by

1 Reply 434 Views

1 Reply

434 Views

How to put 1099-b

by on Latest post on by

1 Reply 392 Views

1 Reply

392 Views

From my only IRA A/C I withdrew in 2022 & received a Form 1099-R. The distrib'n code is "1" (i.e. early distr'n), but I became 60 3/26/2022. Schwab doesn't change codes.

by on Latest post on by

6 Replies 946 Views

6 Replies

946 Views

How do I fil out a 1099-K

by on Latest post on by

2 Replies 589 Views

2 Replies

589 Views

Where could find to enter SociaL Security

by on Latest post on by

1 Reply 443 Views

1 Reply

443 Views

Is htrc for 2022 in nys taxable and where is it entered?

by on Latest post on by

1 Reply 315 Views

1 Reply

315 Views

401k rollover to traditional and roth Ira

by on Latest post on by

2 Replies 681 Views

2 Replies

681 Views

How do I enter 1099-B boxes 8-11 into TurboTax? Didn't seem to find the place?

by on Latest post on by

1 Reply 792 Views

1 Reply

792 Views

I do not get W2 forms as I am retired. But the California state returns keeps asking me for W2 input. Why? Didn't happen in previous years.

by on Latest post on by

6 Replies 1032 Views

6 Replies

1032 Views

Where do i put my required RMD payment?

by on Latest post on by

1 Reply 332 Views

1 Reply

332 Views

Please call my Skype number [phone number removed]How do I tell what Fidelity 1099's you already have ??

by on Latest post on by

1 Reply 399 Views

1 Reply

399 Views

Enter Prior Year Roth IRA Contributions? where I can find the answer to this question?

by on Latest post on by

2 Replies 616 Views

2 Replies

616 Views

I want to see if i contributed to my ira if it would make a difference on my return.. how would i do that?

by on Latest post on by

1 Reply 266 Views

1 Reply

266 Views

There is no box 16 on my 1099-R form. What do I do?

by on Latest post on by

2 Replies 882 Views

2 Replies

882 Views

Should I report an incorrect 1099R and the same corrected 1099R?

by on Latest post on by

6 Replies 1747 Views

6 Replies

1747 Views

I filled my he right linrd for my Social Secity but it doesn't register.

by on Latest post on by

2 Replies 743 Views

2 Replies

743 Views

My 1099-DIV does not have a Box 2a. It jumps from Box 1b to Box 3. What should I enter for Box 2a?

by on Latest post on by

1 Reply 283 Views

1 Reply

283 Views

How should I enter my "Mega-backdoor" in-plan conversion of after-tax 401(k) dollars into a Roth 401(k) into Turbo Tax?

by on Latest post on by

3 Replies 4290 Views

3 Replies

4290 Views

Does the 401k contribution limits include both my contribution AND my employer match or is it just my contribution?

by on Latest post on by

2 Replies 757 Views

2 Replies

757 Views

Can I deduct my loses to my 401 k

by on Latest post on by

1 Reply 275 Views

1 Reply

275 Views

Do I need to refill my taxes? Just filed 01.29.23 and I got a pension payout that withheld 20% federal tax only adds 5k(have not gotten anything tax wise yet from them)

by on Latest post on by

1 Reply 270 Views

1 Reply

270 Views

Does the Governor's Retire Tax Plan for the State of Maryland includes tax relief for retires 65 and older making up to $100,000 in retirement income?

by on Latest post on by

1 Reply 297 Views

1 Reply

297 Views

Is retirement pension taxable in Alabama?

by on Latest post on by

1 Reply 383 Views

1 Reply

383 Views

Should I select "retirement income on a 1099-R"? I set up a 401k this year but haven't made any withdrawls.

by on Latest post on by

1 Reply 236 Views

1 Reply

236 Views

When adding up the value of my IRA's do I need to include inherited IRA's as well?

by on Latest post on by

2 Replies 597 Views

2 Replies

597 Views

If you have investment losses in your Roth IRA can you deduct those? if so where do you enter in that information?

by on Latest post on by

1 Reply 264 Views

1 Reply

264 Views

I have a $2,762 Social Security tax credit for 2022 (due to excess withholding from multiple W2's in 2021). Where do I input this?

by on Latest post on by

1 Reply 253 Views

1 Reply

253 Views

Should RMD's be reported under section did you receive any distributions from a retirement plan after 2019?

by on Latest post on by

1 Reply 279 Views

1 Reply

279 Views

Having issues entering COVID Distribution. When I select Continue on 2021 Qualified Disaster Distribution it skips to 2019. How do I get to 2020 section???

by on Latest post on by

1 Reply 368 Views

1 Reply

368 Views

How to report the RMD without 1099-R ?

by on Latest post on by

5 Replies 4197 Views

5 Replies

4197 Views

How do I report my CARES act COVID distribution on my 2022 taxes (I am splitting it over three years, this is 3/3)?

by on Latest post on by

1 Reply 277 Views

1 Reply

277 Views

Do I have to include distribution from my children's inherited iras in my taxes? I know I include mine but was unsure about theirs since it's not my money. Thanks

by on Latest post on by

5 Replies 1903 Views

5 Replies

1903 Views

If i do an ira rollover, how do i do that

by on Latest post on by

2 Replies 738 Views

2 Replies

738 Views

Is ira conversion subject to additional Medicare Tax? Since IRA conversion is treated as gross income, I would think it would.

by on Latest post on by

5 Replies 1880 Views

5 Replies

1880 Views

The taxes just ask me about distribution funds for 2018, 2019 and 2020 what does that mean, and if they did get it what does that mean?

by on Latest post on by

1 Reply 352 Views

1 Reply

352 Views

Does taking silver out of a IRA vault storage count as taking a RMD?

by on Latest post on by

2 Replies 841 Views

2 Replies

841 Views

If i contributed to my ira and my spouse is covered at work do i need to withdraw that money? I thought I did but the software is not asking me to do that.

by on Latest post on by

6 Replies 1525 Views

6 Replies

1525 Views

Somehow my 1099's were placed on the pensions and annuities line. I have no pension or annuity.How can I correct this?

by on Latest post on by

3 Replies 903 Views

3 Replies

903 Views

We took from 401k bc spouse could nolonger work. does this fall under disability

by on Latest post on by

2 Replies 1034 Views

2 Replies

1034 Views

Is it correct to put down my IRA Contribution as a Tax Credit (Step 3) and Adjustment (Step 4) on my W-4?

by on Latest post on by

1 Reply 514 Views

1 Reply

514 Views

Should I have been charged a 6% tax on a backdoor Roth conversion? We do it every year, and 2021 was the first time this has happened?

by on Latest post on by

1 Reply 347 Views

1 Reply

347 Views

Does Turbo Tax support Form 5329?

by on Latest post on by

4 Replies 1001 Views

4 Replies

1001 Views

Where do I find the amount required to withdraw from my Chase IRA for 2020-21?

by on Latest post on by

6 Replies 1630 Views

6 Replies

1630 Views

If my wife is a nonresident under DACA, and I am a US citizen, filing jointly, how do we file her 1042-S, income code 15, early 401K withdrawal as a substitute 1099-R?

by on Latest post on by

1 Reply 640 Views

1 Reply

640 Views

1099R was not filed during Tax Return. What should be done to fix it?

by on Latest post on by

2 Replies 912 Views

2 Replies

912 Views

If taxes were already withheld from my RSRs, do I still need to report the sale as taxable income?

by on Latest post on by

4 Replies 1042 Views

4 Replies

1042 Views

Is a direct rollover from a 401K to an IRA taxable?

by on Latest post on by

8 Replies 1604 Views

8 Replies

1604 Views

What was there a withdrawal from my bank account in the amount of $218 on May 13 payable to TurboTax?

by on Latest post on by

1 Reply 514 Views

1 Reply

514 Views

I have a 1099R from the Defense Finance and Accounting Service US Military Pay and I have no idea how to enter it.

by on Latest post on by

2 Replies 647 Views

2 Replies

647 Views

Do I need documentation to prove which % of my Roth 401K contributions are from me the employee (not taxed on withdrawal) vs. the employer (taxed on withdrawal)?

by on Latest post on by

5 Replies 1287 Views

5 Replies

1287 Views

Excess Roth IRA contribution

by on Latest post on by

2 Replies 934 Views

2 Replies

934 Views

I cannot get past Form 322 : Contribution date needs to be before due date

by on Latest post on by

1 Reply 268 Views

1 Reply

268 Views

How do I edit the Form 1099-DIV worksheet . I need to change the Recipient address. All boxes except ZIP code is editable

by on Latest post on by

1 Reply 361 Views

1 Reply

361 Views

If I am the widow of a retired service member (Navy) and get US military annuitant pay. Which box do I check for where is my distribution from?

by on Latest post on by

1 Reply 373 Views

1 Reply

373 Views

The program has doubled the taxable amount of our traditional ira distributions.

by on Latest post on by

1 Reply 358 Views

1 Reply

358 Views

We over contribute to DCFSA by $5000. It's reflected in box 10 on W-2 forms. Will TurboTax catch it and automatically add non-qualified amounts back to taxable income?

by on Latest post on by

1 Reply 488 Views

1 Reply

488 Views

What if cost or adjusted basis is "missing" from 1099-B form? Should I leave it blank?

by on Latest post on by

14 Replies 45356 Views

14 Replies

45356 Views

Do I need to report the amount of the Trust Beneficiary funds that I received from distribution?

by on Latest post on by

1 Reply 371 Views

1 Reply

371 Views

Does a Roth conversion count towards the $4,300 "income" limit for someone to qualify as "other dependents"?

by on Latest post on by

2 Replies 664 Views

2 Replies

664 Views

How do I answer the question "Any Periodic Payments?" in regards to my Military Retirement Pay?

by on Latest post on by

1 Reply 388 Views

1 Reply

388 Views

How to fix IRA Wks for Part A, Line 4a

by on Latest post on by

2 Replies 727 Views

2 Replies

727 Views

Does TurboTax sort out Social Securiy ? . I don't recall being asked about it in TurboTax and my 1040 lines 6a and 6b are blank ... does that sound right ?

by on Latest post on by

1 Reply 284 Views

1 Reply

284 Views

1099-R Roth IRA distribution question

by on Latest post on by

2 Replies 646 Views

2 Replies

646 Views

Do I need to report a 1099-Q form related to a 529 rollover that doesn't violate the 12-month rule?

by on Latest post on by

1 Reply 334 Views

1 Reply

334 Views

My wife died in May of 2020. In 2021 a $300.00 death benefit was issued to me, and I'm trying to enter it in Turbo Tax. TurboTax is asking which year it is "for." ???

by on Latest post on by

2 Replies 808 Views

2 Replies

808 Views

I have a 1099-R that has after tax contributions converting from IRA to Roth for the last 2 years. TT thinks that I need to pay taxes. How do I fix that?

by on Latest post on by

4 Replies 840 Views

4 Replies

840 Views

What should I do if i don't receive the 1099 NEC form on time? I keep asking my employer and he keeps saying he will send it, but so far i haven't got it.

by on Latest post on by

2 Replies 649 Views

2 Replies

649 Views

Do we add interest pain to us on and IRA CD?

by on Latest post on by

1 Reply 337 Views

1 Reply

337 Views

Where is the ssa 1099 intered on the tax form

by on Latest post on by

1 Reply 379 Views

1 Reply

379 Views

Should amounts contributed to charities via QCDs be entered under Deductions and Credits on my Tax Return ?

by on Latest post on by

1 Reply 369 Views

1 Reply

369 Views

My W-2 has two lines of data for box 18-20 but turbo tax says I should only have 1. Where or how should enter the 2nd set of data? Both lines are labelled, LOCAL T.

by on Latest post on by

1 Reply 387 Views

1 Reply

387 Views

When will Form 8915-F be added? It's currently March 17th. Will it automatically bring up my 1099-R info from the previous year?

by on Latest post on by

2 Replies 747 Views

2 Replies

747 Views

I have a statement of annuity paid federal pension box 2a unknown box 5 has an amount does the software deduct box 5 from gross income of do i do it myself

by on Latest post on by

1 Reply 344 Views

1 Reply

344 Views

What happens to direct non-taxable contribution from brokerage when you do standard deduction?

by on Latest post on by

1 Reply 384 Views

1 Reply

384 Views

How do i find the relevant information on my 1099? it is asking for box numbered boxes but non of my documents have numbered boxes

by on Latest post on by

2 Replies 554 Views

2 Replies

554 Views

How do i hook up my credit karma act . to also get the 5 day early and when accepted by irs will be in my account

by on Latest post on by

1 Reply 378 Views

1 Reply

378 Views

I have a 1099-R from John Hancock Life Insurance Co. Searching for "John Hancock" only shows "Hancock Whitney Bank." How do I enter my information? Thank you!

by on Latest post on by

1 Reply 365 Views

1 Reply

365 Views

Do I enter a 1099-S on any form?

by on Latest post on by

1 Reply 316 Views

1 Reply

316 Views

Rolling a Roth into a Traditional IRA

by on Latest post on by

2 Replies 951 Views

2 Replies

951 Views

Does turbo tax down load my 1099's from schwab?

by on Latest post on by

1 Reply 399 Views

1 Reply

399 Views

Does the contribution from my insurance company (not employer) reduce my total allowable contribution to my HSA?

by on Latest post on by

1 Reply 299 Views

1 Reply

299 Views

What are considered "contributions" to my traditional and Roth IRA?

by on Latest post on by

1 Reply 345 Views

1 Reply

345 Views

Where do I enter 1099-comp

by on Latest post on by

3 Replies 792 Views

3 Replies

792 Views

Where do 1099-r entered?

by on Latest post on by

1 Reply 365 Views

1 Reply

365 Views

How to overcome difficulties uploading 1099-B form from Robinhood. Bypassing the hassle of the final pages are challenging. Need assistance.

by on Latest post on by

1 Reply 319 Views

1 Reply

319 Views

Where do I enter my SSA-1099 amount?

by on Latest post on by

2 Replies 467 Views

2 Replies

467 Views

1099-R

by on Latest post on by

13 Replies 2489 Views

13 Replies

2489 Views

Excess ROTH IRA Contribution

by on Latest post on by

6 Replies 721 Views

6 Replies

721 Views

Should a 457(b) account balance be included in the total of Traditional, SEP, and SIMPLE IRA question?

by on Latest post on by

1 Reply 269 Views

1 Reply

269 Views

The form is asking me to enter my 1099-R provider's info. I need to get past this request as I do not have any 1099-R income!

by on Latest post on by

1 Reply 281 Views

1 Reply

281 Views

If you inherited a Roth IRA, how is the question "Were any of your Roth IRA(s) set up before 2017?" Is that based on the initial account or when you inherited it?

by on Latest post on by

2 Replies 1004 Views

2 Replies

1004 Views

I pulled out all my company 401K, but then got hired back and I paid it back. waiting on that document, but will need help where to log in the withdrawal and the pay back

by on Latest post on by

1 Reply 304 Views

1 Reply

304 Views

Does turbo tax send out 1099 NEC

by on Latest post on by

1 Reply 365 Views

1 Reply

365 Views

Does filing schedule C for proffesional gambler change my MAGI ? I make to much to contribute to Roth IRA but if my winnings and losses are on schedule C instead of hobby

by on Latest post on by

3 Replies 451 Views

3 Replies

451 Views

When doing a Roth conversion of a non-deductible contributions from traditional IRA . is a rollover IRA included in the list of all IRA balances to determine tax free %

by on Latest post on by

2 Replies 458 Views

2 Replies

458 Views

If I deposit $8,000 lump sum into my checking acct would that get flagged by IRS or cause a flag when I apply for a house next year?

by on Latest post on by

2 Replies 591 Views

2 Replies

591 Views

Where can I find my 1099 Form?

by on Latest post on by

6 Replies 2178 Views

6 Replies

2178 Views

If I retire from my current employer of 33 years using the Rule of 55, can I contract back to the same employer and still avoid the penalty on early withdrawals?

by on Latest post on by

1 Reply 480 Views

1 Reply

480 Views

A falsified 1099 form was sent to my parents address that has my name on it and says I received $3168 from LMB OpCo LLC, what is the best thing I can do to address this issue and resolve it?

by on Latest post on by

6 Replies 1666 Views

6 Replies

1666 Views

Is there a way with turbotax to estimate 2021 taxes now? I need to determine if I can stay within my tax bracket and do a Roth Conversion before year end.

by on Latest post on by

1 Reply 371 Views

1 Reply

371 Views

I worked in US from 2018 to 2019 and moved to Canada for 2 yrs. I moved back to US in Jul 2021. Can I contribute the full $19.5K for 401k tax deductions for FY 2021?

by on Latest post on by

2 Replies 600 Views

2 Replies

600 Views

What do I put down for line 14 column (e) on my 1099-B form?

by on Latest post on by

2 Replies 3191 Views

2 Replies

3191 Views

Can I transfer my ROTH IRA to a traditional IRA, without penalties?

by on Latest post on by

6 Replies 8739 Views

6 Replies

8739 Views

Do I owe taxes on a QTIP trust final remainder distributions after the surviving spouse dies ?

by on Latest post on by

3 Replies 1097 Views

3 Replies

1097 Views

If you settle your child support as a lump sum (in the separation agrmnt)

by on Latest post on by

2 Replies 552 Views

2 Replies

552 Views

Do we need to take the money out from our IRA account this year?

by on Latest post on by

3 Replies 1184 Views

3 Replies

1184 Views

Can I contribute to my company's 403b Roth IRA even thou my AGI is over the limit ($139K) for a personal Roth IRA? Does the fact that it's company managed make a diff?

by on Latest post on by

3 Replies 1445 Views

3 Replies

1445 Views

Can I withdraw my initial Roth IRA investment without tax penalties as a 53 year old who lost his job due to pandemic. I want to avoid penalties

by on Latest post on by

4 Replies 1278 Views

4 Replies

1278 Views

Will transferring money or securities from an inherited Roth IRA to a non-IRA account increase my adjusted gross income and trigger additional tax for me?

by on Latest post on by

1 Reply 361 Views

1 Reply

361 Views

Please answer a question. why can't turbo tasx look at my return now 60 days overdue vfor as mistake

by on Latest post on by

3 Replies 1052 Views

3 Replies

1052 Views

I already filed and you already took the money out of my account where are my taxes what is going on

by on Latest post on by

1 Reply 338 Views

1 Reply

338 Views

How do I record K-1 Box 17 Code V income from a PTP? I created new K-1 with just Box 17 code V for this PTP. TT says to check PTP box on K-1 but cannot locate.

by on Latest post on by

3 Replies 1169 Views

3 Replies

1169 Views

If on a K-1, Box 20 refers to Statements B and Z, but there are no such statements, does that mean I should put 0 in those boxes

by on Latest post on by

1 Reply 522 Views

1 Reply

522 Views

I have my 1099 on my TD Ameritrade account but turbo tax isn't linking as I provide my account # and document ID

by on Latest post on by

9 Replies 4300 Views

9 Replies

4300 Views

Provided wrong answer to question "did you receive a stimulus check". Fogot that we got a 1200 payment in July. What to I do now.

by on Latest post on by

1 Reply 361 Views

1 Reply

361 Views

Why should I file form 8606 vs 5329?

by on Latest post on by

1 Reply 620 Views

1 Reply

620 Views

Re a 1099-R it asks if I received periodic payments. I receive monthly payment, income already recorded on this tax form. Does this mean other payments or the same ones?

by on Latest post on by

1 Reply 512 Views

1 Reply

512 Views

My husband worked a job that he got a 1099-NEC. Will he be notified by social security what he owes or does he need to contact someone?

by on Latest post on by

1 Reply 509 Views

1 Reply

509 Views

TT wants the IRA earnings of $209 recorded as credit for ROTH IRA, yet our AGI exceeds the limit and we can't contribute. I've entered 0 instead, is that correct?

by on Latest post on by

2 Replies 681 Views

2 Replies

681 Views

Corrected excess Roth IRA contribution for 2020 before filing tax, need help in capturing 1099-R information w/o having the actual 1099-R

by on Latest post on by

3 Replies 1252 Views

3 Replies

1252 Views

Does anyone know where to file 1099-G?

by on Latest post on by

1 Reply 321 Views

1 Reply

321 Views

Is the former spouse of military, receiving retirement from DFAS, eligible to deduct from oklahoma state taxes?

by on Latest post on by

1 Reply 479 Views

1 Reply

479 Views

Hi, I entered income data from my 1099R but the figures are not showing up on the wrap-up page. What am I doing wrong?

by on Latest post on by

1 Reply 297 Views

1 Reply

297 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Live Premier Online