Retirement Tax Tips and Answers | TurboTax® Support

Foreign retirement plan

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

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understanding solo 401k employee contribution limits

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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?

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TRADITIONAL IRA CONTRIBUTION

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1 Reply 845 Views

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

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2 Replies 367 Views

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367 Views

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

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

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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?

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Does anyone have any experience with IRS form 5329?

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2 Replies 434 Views

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

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2 Replies 430 Views

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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?

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62 Replies 22206 Views

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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?

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1 Reply 425 Views

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

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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.

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197 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?

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1 Reply 212 Views

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212 Views

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

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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?

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

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1 Reply 210 Views

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210 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.

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8 Replies 1059 Views

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1059 Views

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

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1 Reply 230 Views

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230 Views

How to put 1099-b

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1 Reply 238 Views

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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.

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6 Replies 618 Views

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How do I fil out a 1099-K

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2 Replies 367 Views

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367 Views

Where could find to enter SociaL Security

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1 Reply 268 Views

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Multiple years of ineligible Roth IRA contributions

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6 Replies 1100 Views

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

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1 Reply 210 Views

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401k rollover to traditional and roth Ira

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2 Replies 440 Views

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

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395 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.

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6 Replies 647 Views

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Where do i put my required RMD payment?

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

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1 Reply 205 Views

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

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2 Replies 441 Views

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

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1 Reply 180 Views

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180 Views

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

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2 Replies 586 Views

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

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6 Replies 1212 Views

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

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2 Replies 548 Views

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

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

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3 Replies 1317 Views

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

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2 Replies 472 Views

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Can I deduct my loses to my 401 k

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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)

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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?

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Is retirement pension taxable in Alabama?

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

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

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2 Replies 424 Views

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

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1 Reply 174 Views

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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?

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1 Reply 170 Views

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

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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???

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How to report the RMD without 1099-R ?

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

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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

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

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2 Replies 510 Views

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

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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?

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

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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.

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

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

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

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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?

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1 Reply 257 Views

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257 Views

Does Turbo Tax support Form 5329?

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4 Replies 678 Views

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

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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?

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1 Reply 482 Views

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482 Views

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

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

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

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8 Replies 1085 Views

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

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1 Reply 358 Views

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358 Views

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

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2 Replies 434 Views

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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)?

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Excess Roth IRA contribution

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

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176 Views

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

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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?

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

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1 Reply 239 Views

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239 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?

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320 Views

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

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

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

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2 Replies 405 Views

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

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

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2 Replies 518 Views

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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 ?

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1099-R Roth IRA distribution question

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2 Replies 456 Views

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

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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." ???

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2 Replies 523 Views

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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?

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4 Replies 585 Views

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585 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.

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2 Replies 437 Views

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437 Views

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

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1 Reply 242 Views

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242 Views

Where is the ssa 1099 intered on the tax form

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1 Reply 280 Views

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280 Views

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

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1 Reply 252 Views

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252 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.

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1 Reply 308 Views

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308 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?

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2 Replies 552 Views

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552 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

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1 Reply 219 Views

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219 Views

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

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1 Reply 247 Views

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247 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

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2 Replies 368 Views

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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

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1 Reply 254 Views

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254 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!

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1 Reply 242 Views

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242 Views

Do I enter a 1099-S on any form?

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1 Reply 242 Views

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Rolling a Roth into a Traditional IRA

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2 Replies 541 Views

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

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1 Reply 234 Views

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234 Views

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

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1 Reply 215 Views

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

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1 Reply 264 Views

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264 Views

Where do I enter 1099-comp

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3 Replies 549 Views

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549 Views

Where do 1099-r entered?

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1 Reply 285 Views

1 Reply

285 Views

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

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1 Reply 223 Views

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223 Views

Where do I enter my SSA-1099 amount?

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2 Replies 365 Views

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1099-R

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13 Replies 1967 Views

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1967 Views

Excess ROTH IRA Contribution

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6 Replies 551 Views

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

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1 Reply 188 Views

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188 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!

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1 Reply 193 Views

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193 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?

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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

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1 Reply 229 Views

1 Reply

229 Views

Does turbo tax send out 1099 NEC

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1 Reply 226 Views

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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

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3 Replies 362 Views

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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 %

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2 Replies 362 Views

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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?

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Where can I find my 1099 Form?

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1788 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?

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1 Reply 358 Views

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358 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?

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6 Replies 1326 Views

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1326 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.

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1 Reply 257 Views

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257 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?

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2 Replies 455 Views

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

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

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6916 Views

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

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3 Replies 862 Views

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

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2 Replies 466 Views

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

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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?

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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

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4 Replies 979 Views

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979 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?

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1 Reply 281 Views

1 Reply

281 Views

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

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3 Replies 842 Views

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842 Views

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

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1 Reply 254 Views

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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.

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3 Replies 957 Views

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957 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

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1 Reply 287 Views

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287 Views

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

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9 Replies 3666 Views

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3666 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.

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1 Reply 279 Views

1 Reply

279 Views

Why should I file form 8606 vs 5329?

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1 Reply 343 Views

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343 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?

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1 Reply 318 Views

1 Reply

318 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?

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1 Reply 320 Views

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320 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?

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2 Replies 527 Views

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527 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

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3 Replies 1025 Views

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1025 Views

Does anyone know where to file 1099-G?

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1 Reply 240 Views

1 Reply

240 Views

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

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1 Reply 318 Views

1 Reply

318 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?

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1 Reply 220 Views

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220 Views

Question on Dividends. I have to enter values from box1 and box5. They are different. I get a message to review because of that. That is my question

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1 Reply 245 Views

1 Reply

245 Views

Where is the federal taxes paid by retirement system and RMD?

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1 Reply 245 Views

1 Reply

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Roth IRA contribution withdrawl to cancel

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5 Replies 882 Views

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