Retirement Tax Tips and Answers | TurboTax® Support

W-2 income for being the caregiver for a parent who lives in our house - isn't it tax exempt?

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Where do I enter monthly pension plan payments?

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Has anyone filed a smart solar program 1099? I am trying to determine if we can use any deductions to offset the solar incentive programs income

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My 1040 has the question "did I dispose of digital assets" and its marked as yes. I cannot find this question to change the answer to NO. I do not recall this question.

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How do I enter the 1099 intonation for a contractor I hired and send him the 1099 thru https://quickemployerforms.intuit.com/home?

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Where do a find a 1099-S to fill out in TurboTax?

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Do I need to enter the box 2 information on a 5498-SA form on my taxes I don't have anything in box 1?

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Why would my social security income be taxed for 2022 if I only had an additional $18,000 in income?

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My wife's friend died and she is the life insurance beneficiary so she can arrange for $ to be sent to Mexico. The paperwork notes the $ could be taxable. Is this true?

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Tax return benefits paid

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What are allowable deductions for a local area blog/social media business that features golf courses and entertainment?

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Should we have a federal 1099 form or Schedule K-1 (Form 1065) if the income was from making a sculpture for a private order? The customer paid 10000.

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I didn't receive all my benefits

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Can I file as an employee? my employer took it upon themselves to pay with a 1099. I don’t own a business.

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What do I do if I made an error in completing my return that would significantly decrease my taxable income?

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I entered SSA1099 benefits on my return but there is not a place to put my kid’s survival?

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Do i have to file social security on tax form?

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An IRA error exist in "Deduction & Credits" section under "Here is how your retirement and IRA distributions affect your income." I had no distro. How do I remove this?

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Is the meals expenses the monthly amount or the early amount?

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Under" Withdraw from Your Roth IRA Before 2022?" I'm told I may need to pay tax or penalty. I know i do not. but why is it asking about 2021, "before" 2022?

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1 Reply 260 Views

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I am a 1099... and plugged in my account number and routing number and paid the TurboTax fee... 5 days and no indication of withdrawal for the taxes

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1 Reply 464 Views

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If an IRA investment account received a 480.6c form, is it necessary to file this form or is it informational? My assumption is no need to report foreign income in IRA?

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I made excess contributions to both a traditional and Roth IRA.Can I apply the withdrawal to a loan repayment against my IRA without incurring the penalty?

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I owe taxes, can I open and contribute to a Roth IRA to get enough credit not to owe?

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How do I report the 1099-B that I received?

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What's wrong with my retirement

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If I got a letter from the IRS asking for a 1099 form to verify withholding amount reported on my tax return. can I fill out a 1099 form for myself if self-employed?

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I just noticed that the numbers used to file my taxes are not the exact numbers on my 1099-K and 1099-NEC? What should I do to correct that?

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Form 5498 IRA Contribution Form. 1. 2022 IRA Contribution$1150.00 5. Fair Market Value $20,834.05

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Public consulting group taxes?

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Box 2a 1099R = "UNKNOWN". ex wife receives a portion from court order. Do I subtract total paid to her from Box 1-Gross Distribution to determine Box 2a-Taxable Amt ?

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My 4 year old daughter receives Social Security Survivor Benefits, do I need to claim this as income. Total is $6600

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I use PayPal to deposit/withdraw funds to my online sportsbook account. I received a 1099-k but the “income” is related to withdrawals I made from my online sportsbook.

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Can I use my mother on my taxes if I took care of her in my home on 2022. She files her own taxes for her income for retirement &SS & Medical.

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The boxes on line 4a and b aren’t checked yes and no on my tax forms.

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In 2022, the employer withheld $9,000 in health insurance costs and did not pay Social Security taxes. I want to pay this social security tax back, how do I do it?

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In 2022, my employer withheld $9,000 in pre-tax health insurance costs. I want to get my social security tax back. How do I do this?

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I had to withdraw my retirement because I was fired, but none of that was an option on this tax forms. What do I do?

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I withdrew from my 401k last year but used the funds to expand my business what form do I need to report to the IRS? Is it a 1099-R?

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Spouse was overpaid by Soc Sec disability, waiting on amount to return assuming that we will have to claim all for 22 and it can be adjusted in 23 with updated forms

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I have two 401k's. I maxed 401k #1, and put nothing in 401k #2. If I receive a 1099R code 8 (overcontribution) with a $15k disbursement from 401k #1, can I put it in #2?

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Do I put yes or no for distribution from retirement, I don’t know that the question is asking me

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Do I have to file my 1040 form? Where do I add the info if so.

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I know I have to include my social security number on the 1099NEC forms I send to the IRS. but do I have to include my social security number on my 1099NECs to my Payees?

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Opm gross distribution was decreased by repayment of overpayment how do i adjust in turbotax

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What should we do if we exceeded SEP contribution limit?

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Where do you enter self employed 401K contributions?

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I'm on Survivor benefits SS. I had to go back to work and I'm going over the amount by 10K. I know SS will deduct from me but will it be applied the next year to

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How do i make quick zoom transfer info to 1099?

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Will I be penalized if I respond incorrectly to the question about a third stimulus payment? I do not remember if I received a check.

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I had to take out my state retirement to keep my house out of foreclosure. The remainder of the money I put into a ROTH IRA.

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Why does my retirement still say transmit it and it’s been two days it supposed to be

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We took a disaster distribution in 2020; however, they did not provide a 1099-R for 21 and the site is requiring it.Prudential does not have a 1099R for us. Help!!!

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Turbotax's system doesn't recognize my .csv file type from coinpanda.io for tax year 2021. How can I enter the Form 8949 that I generated myself?

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How do I report loss on excess 401k contributions? I over contributed to my 401k. With declining market, value of my withdrawal is lower than my initial contributions.

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I have different amount on my filed status statement as filled and different amount on my documents which one will I receive as my refund?

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Should inherited stock sales show up in the summary if I have entered all the information on the 1099-B?

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Wife paid $20,000 dollars last year. Should she pay some money a little during the year, and if yes what form would she use to mail the money in with. Thanks, Ron

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Can I report additional income from the SAME 1099 NEC? For example my 1099 NEC from X company listed they paid me 20k when they really paid me 25k.

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Should I use 2021 or 2020 of my 1099-G?

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Does the state low income property tax credit income limit.based on what is shown after the deductions or is that the income on the 1099

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I am putting some money into my traditional IRA account I am mailing a check to the account apr 18 is there any issue with this

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1099 G from the state of mississippi shows box 2 amount of 2068, but in box 3 states amount is for year 2019'

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Can my wife contribute the max to her traditional IRA if her work has a simple IRA that she is contributing to. Will a simple IRA affect the limit on her traditional?

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Where do I find the place to note I received money from the Pandemic/Covid?

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I received a revised 1099-R with the State Distribution filled in and the State I live in does not have Sales Tax.....

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Under the SSA-1099 section I have an asterisk in box 3. do I deduct the payment it says I paid in 2021 from this amount before I put in box 5?

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I don't have a 1099-R, but Turbo Tax keeps asking me questions about the info on my 1099-R. I did have one in 2020, but not in 2021. How do I stop it?

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A)How should I file my 18 years son taxes of 3 K income b) Conversation from of IRA (After Tax) to Roth IRA c) Where to enter Sch E (Time Share) income's expenses Thanks

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How can i delete income from this line: Miscellaneous Income, 1099-A, 1099-C $20,800.00Edit/Add It says edit/add, but when I click in, nothing happens

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For verifying my identity I need to answer "Tell us what's on line 11 of the 2020 form 1040" but I get the error that "Cannot exceed 9999999.99". How should I enter it?

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What happens if I don't enter my dependents social security number??

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I don't live in the US but my 1099-NEC lists the income as state income. Do I still have to file for state and how?

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Is the American Rescue Plan, stimulus checks apart of the disaster distribution?

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Does the 300 or 350 monthly received checks we received, do they count for the disaster distribution?

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Should my son file his own tax? My 19-year-old son being my dependent has earned income of around $1.94k and contributed some of his income to his Roth IRA account.

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I sold some random stuff on Ebay, received 1099-k. Turbo is not allowing me to file as 'other common income', WHY?

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My 92 YO father went into a nursing home in 2021. He cashed out a life ins policy to pay for it. He recvd a 1099R from life ins co. Does he have to file a return?

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If I'm not retired but my dependant is and because of total disability, how do I answer TurboTax when asked about retirement

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Is there a way to remove the IRA early withdrawal penalty? I am over 59 1/2 and should be not charged it.

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I check "maximum contribution to Indiv. 401k" and Turbotax then calculates 64500 for me, but when I go through the federal check it says I'm limited to 19500. Why?

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How do I submit a 1099-B? It doesn't accept my Acorns things and there is no option to upload the document. I am too confused by the questions it asks.

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Simplified method worksheet

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Can entering my Form RRB-1099-R in the wrong area make it a disability instead of showing as a pension

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Is this K-1 statement "In 2020 you received a K-1 from XXXXXX. Did you receive that K-1 in 2021?" asking if I received a new K-1 statement in 2021?

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Do I need to enter my IRA contribution in the "tax breaks" section if I already entered it in the W2 income section?

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DO I HAVE TO REPORT SOCIAL SECURITY

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I have to file a 1099-B for cryptocurrency. Has anyone did theirs for cash app? If so, what bank did you use or did you just manually type in the info?

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Havent been with husband in years what do i do about not rememebering his social etc.

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2 Replies 650 Views

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How do I file a 1099-new form?

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Why pay self-employment tax when I'm already retired and drawing Social Security?

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Is the IRA/SEP/SIMPLE box on this 1099-R checked? What box should I see if its checked or not?

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I'm adding a 1099 for a clinical research trial I was paid to be in. There's a question that asks "Did you perform a service to earn the money" (yes) or (no). Help?

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I see 27% federal tax deducted after I enter 1099-B form. Though I am in 22% tax bracket. What is the additional 5% for? State tax seems to be correct.

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Can anyone tell me HOW to use the new "LOOKBACK RULE" and what are those "Rules" for the "RULE. Is there an include no matter what, optional or don't list if using it?

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5 Replies 924 Views

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I just started my business last year and did not make any money how do I file without 1099 forms?

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Where do i enter a 2020 1099-g that I received this year?

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Where do I enter the $17000 I got from my mom dying. The deferred compensation plan.

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Can I withdraw little funds ??

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COVID Distribution repayment

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1 Reply 382 Views

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I am looking for the form to put my SEP contributions. can someone help?

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Can someone explain about deferred social security tax payment?

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My mom is of RMD age (75) and opened a brand new SEP IRA in 3/2021 (for tax year 2020) so had $0 in it until 3/2021. Is she required to still take a 2021 RMD from it?

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I am working on the tax year 2020 and how can I enter the check amount which I already mailed to IRS for year 2020 in turbotax? Thanks

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I have a traditional ira can I take it out to purchase a new home if so will I be penalized of any taxes

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Hi I'm a business owner. How much do I need to make in salary in order to contribute the max. amount to my Simple IRA. 13,500 plus the 3k catch up. Also 3% employer match

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They took out 13,851.90 federal from the 70k from 401K withdrawl in divorce. Is this enough for Nevada? Or will I need to pay more?

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I have 18 and a 20 yr olds what are the benefits of keeping them as dependents and are there better benefits for them to file on their own. Thanks!

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Wheres my 1099 form?

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What are the benefits of having dependents?

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3 Replies 1112 Views

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I filed an extention for tax year 2020. when i file my return before 10/15/2021, for year 2020, can i still contribute to my ira?

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Why can I e-file something to do with my 1099 form?

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How do I report an Early withdrawal from Canadian RRSP retirement account?

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How can I figure out if my social security has been stolen?

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I am self employed and Turbotax is limiting me to $6,000 IRA contribution?

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Does the SSA look at W-2 Gross Income or Tax Form AGI to determine if you are under the income earnings yearly cap when receiving SSA Benefit payments?

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My 2020 taxes were very high,I had take a large lump sum payment when I retired.For 2021 my income will be much lower.Do I need to pay estimated taxes? There are vouchers

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Can I include in my taxes just 1 line item, for example "office supplies (yearly sum)" and list the total amount, or do is it best to list out each individual line item?

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My form 1099-NEC only has income in box 3. How do i enter this?

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Where to account for a pretax 2020 payment of $4000 on 11/27/20?

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What do I do if I'm missing a W-2 and a 1099? It's too late to try and get them from the employers.

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Do i have to report my Roth IRA created in 03/30/2021 on my 2020 tax return? Looks like my MAGI is 271,000

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Should I file a Virginia tax return if I did not live in the state in 2020, however, they took taxes from my military retirement?

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Should my social security number be accepted as my EIN? Its not working.

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How do I find the section for SEP contributions?

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I have a 1099-NEC with an amount in box 2, but there is no box 2 on the Turbo Tax form. Where do I put this information?

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I have a 1099-R that is blank on the space for "amount taxable." But when I leave it blank in turbotax, I am told there must be a number entered, even if it is zero. ??

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How do I add HSA distributions not reported on 1099?

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Please help 1099 NEC keeps telling me missing info ?

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If my Roth IRA contribution this year was a gift (it did not come from my existing income), does it need to be listed as income itself?

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Can someone help filing my 1099?

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Has anyone figured out the 1099-NES glitch? I can't file because none of the suggestions so far are working

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What are the benefits of filing jointly with my husband or filing separately. I am itemizing deductions he is not. He also has to pay alamony and makes much more than I

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Is the 1099-G the only form used for taxes to account for both PUA (unemployment) and the additional 600 per week benefit that was given for a period of time?

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I received unemployment benefits for part of the year. Where in my taxes do I show this income?

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Can you check my 2018 Return and see when I took money out of my IRA?

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When will our money actually be distributed out?

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I put in all the information correctly from the 1099-G state unemployement form, but turbotax keeps looping me back to that form with the word Review in red. Why?

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I did not make any proactive payments to social security, can I still make a payment to social security?

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Can you contribute and withdraw from a SEP / IRA in the same year

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How do I report a 1099 M I received for an FFA school project - one time event. Do I need to pay Social Security tax on this?

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1 Reply 439 Views

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How do I report a 1099 M I received for an FFA school project - one time event. Do I need to pay Social Security tax on this?

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Do i need to report employer contribution to social security benefit service for pastor?

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Where can I access old 1099 forms

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I believe the SEP IRA Plan contributions are limited to 25% on your net earnings from self employed income up to $58,000. Why are we being limited to $7,000 per spouse?

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3 Replies 923 Views

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I paid my workers and subcontractors cash. no 1099 forms. Do I say yes or no to this question?

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1 Reply 450 Views

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450 Views

How do I provide self employment proof to the ira

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1 Reply 576 Views

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The state of Illinois does not tax social security so why when I put a dollar amount into the social security field my refund goes down?

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If my federal return has been in the "still being processed" stage for several weeks and I've never received anything from them asking for additional info. Any advice?

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