Retirement Tax Tips and Answers | TurboTax® Support

1099-B PDF upload to TT online version

by Latest post by

2 Replies 147 Views

2 Replies

147 Views

What is the formula Turbotax uses to calculate the Effective tax rate shown on the cover sheet?

by on Latest post by

27 Replies 14595 Views

27 Replies

14595 Views

1009-R Box 7 G, but showing as taxable in Federal Review

by Latest post by

5 Replies 243 Views

5 Replies

243 Views

RMD taken correctly, but penalty assessed

by on Latest post by

73 Replies 7430 Views

73 Replies

7430 Views

How can I get a copy of my 1099-R from State Street Retiree Services for Qwest Communications International, Inc?

by on Latest post by

21 Replies 49462 Views

21 Replies

49462 Views

Inherited IRA

by Latest post by

1 Reply 147 Views

1 Reply

147 Views

WI state and 1099R

by Latest post by

10 Replies 1255 Views

10 Replies

1255 Views

1099R

by Latest post by

3 Replies 2794 Views

3 Replies

2794 Views

On the 1099R entry, where do I report a QCD?

by on Latest post by

6 Replies 1759 Views

6 Replies

1759 Views

SSA taxable amount is 9

by Latest post by

2 Replies 446 Views

2 Replies

446 Views

My 1099-R for my Roth IRA distribution shows the code " T " in box 7. What gives?

by on Latest post by

63 Replies 59861 Views

63 Replies

59861 Views

Medicare Deduction from Soc Sec

by on Latest post by

15 Replies 15097 Views

15 Replies

15097 Views

Traditional IRA contributions after Jan 1 increasing Fed tax

by Latest post by

2 Replies 4496 Views

2 Replies

4496 Views

Form 2210ai Questionnaire Is Ignoring Estimated Payments

by Latest post by

1 Reply 2045 Views

1 Reply

2045 Views

My form is asking for OPM 1099-R state distribution amount (box 16). What is this, my 1099-R does not have a box 16?

by on Latest post by

7 Replies 1411 Views

7 Replies

1411 Views

1099-R Distribution Codes

by Latest post by

2 Replies 1161 Views

2 Replies

1161 Views

Entering 1099R from OPM. After I'm done it says, "Needs Review" and my "Enter Health Insurance Amount from Box 5" is always back to $0. Even I enter an amount there. Why

by on Latest post by

16 Replies 5274 Views

16 Replies

5274 Views

401A INPUTS

by Latest post by

5 Replies 1311 Views

5 Replies

1311 Views

I dont understand this questions that asks you on any periodic payments saying did you receive any payments from this retirement account on a regular basis etc-?

by on Latest post by

16 Replies 4096 Views

16 Replies

4096 Views

Does turbotax allow me to use form 1040 instead of 1040SR?

by on Latest post on by

9 Replies 6099 Views

9 Replies

6099 Views

What are tax implications when HSA custodian refuses to return earnings on excess/mistaken HSA contributions and what can be done to correct this on my tax filing?

by Latest post on by

8 Replies 6370 Views

8 Replies

6370 Views

How to handle Corrected 2024 SSA-1099

by on

0 Replies 3560 Views

0 Replies

3560 Views

TT asks if I made a contribution to a qualified retirement plan. Is a Roth IRA a qualified retirement account? TT Sucks!

by on Latest post on by

2 Replies 497 Views

2 Replies

497 Views

If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS?

by on Latest post on by

8 Replies 1978 Views

8 Replies

1978 Views

Question about Birth and Adoption Early Withdrawal from 401k

by Latest post on by

5 Replies 4811 Views

5 Replies

4811 Views

Form 8960 is using my social security benefits to calculate Net Investment Income Tax. Anyone have this problem?

by on Latest post on by

15 Replies 6308 Views

15 Replies

6308 Views

Earning and Loss Calculation for Recharacterization

by on Latest post on by

3 Replies 17549 Views

3 Replies

17549 Views

How do I enter 1099-R Massachusetts state retirement pension which is exempt from state taxes?

by on Latest post on by

7 Replies 8148 Views

7 Replies

8148 Views

PA early withdrawal 401k what to choose and how to determine basis

by on Latest post on by

3 Replies 3220 Views

3 Replies

3220 Views

How do I change this? I've followed instructions for back-door roth. Line 4b of the 1040 should be $0, but it kept showing $7,000 as taxable amount.

by on Latest post on by

10 Replies 3174 Views

10 Replies

3174 Views

How do I get the full deduction for Louisiana START contributions for MFJ? TurboTax limits to $2400 per beneficiary when it's really $4800 per beneficiary for MFJ.

by on Latest post on by

7 Replies 2389 Views

7 Replies

2389 Views

FORM 4852 (substitute for Form 1099-R), where is Form IT 1099-R?

by on Latest post on by

1 Reply 1685 Views

1 Reply

1685 Views

I received a Schedule K-1 for an investment in an IRA account. Should a Schedule K-1 been issued for an investment in an IRA account?

by on Latest post on by

41 Replies 91380 Views

41 Replies

91380 Views

I'm a NJ tax filer and received a W-2 for a nonqualified plan distribution, some of which is taxed in NJ (line 20a) or excluded (line 20b). How do I enter in Turbotax?

by on Latest post on by

6 Replies 3748 Views

6 Replies

3748 Views

How do you populate Form 5329 line 6 for taxable amounts related to a tax-free scholarship in TurboTax for distributions not subject to the 10% penalty?

by on Latest post on by

3 Replies 679 Views

3 Replies

679 Views

Box 7 on a 1099-R is blank. No code! Northern Trust says there should NOT be a code. TurboTax says it needs a code. What now?

by on Latest post on by

7 Replies 3614 Views

7 Replies

3614 Views

Does Form 1116 Line 18 calculate correctly? The IRS instructions allow adjustments to be made for qualified dividends yet the system does not appear to do this. Thoughts?

by on Latest post on by

30 Replies 6771 Views

30 Replies

6771 Views

IRA back door pro data

by on Latest post on by

8 Replies 2995 Views

8 Replies

2995 Views

1099 R minimum distribution is showing a penalty when I took the correct RMD

by on Latest post on by

2 Replies 1106 Views

2 Replies

1106 Views

Massachusetts Taxable IRA distributions

by on Latest post on by

49 Replies 53512 Views

49 Replies

53512 Views

Do I need to claim inherited HSA distribution on my taxes? If so, how should I respond to TurboTax online prompts to correctly claim this income?

by Latest post on by

4 Replies 3900 Views

4 Replies

3900 Views

Mega backdoor 1099R has H and G, it shows as total by adding both, wrong?

by on Latest post on by

1 Reply 673 Views

1 Reply

673 Views

I have two different 1099-R forms from the same investment company. What should I do?

by on Latest post on by

3 Replies 2126 Views

3 Replies

2126 Views

Husband is retired NYPD. We don't live in NYC and form NYC1127 is saying we owe over $1200. We never paid this when he was employed. Did I do something wrong?

by on Latest post on by

4 Replies 2936 Views

4 Replies

2936 Views

Entering RMDs for inherited roth IRAs

by on Latest post on by

1 Reply 1670 Views

1 Reply

1670 Views

How to report Backdoor IRA contribution?

by on Latest post on by

5 Replies 3020 Views

5 Replies

3020 Views

1099-R doesn't differentiate contributions and earnings

by on Latest post on by

1 Reply 2903 Views

1 Reply

2903 Views

Where do i report a 1099 o the form?

by on Latest post on by

3 Replies 767 Views

3 Replies

767 Views

Backdoor Roth IRA conversion not working

by on Latest post on by

5 Replies 1986 Views

5 Replies

1986 Views

MA Tax-exempt pension

by on Latest post on by

25 Replies 8846 Views

25 Replies

8846 Views

"Allowable elective deferrals" on Keogh, SEP and SIMPLE Contribution Worksheet

by on Latest post on by

10 Replies 6969 Views

10 Replies

6969 Views

I deleted the form 6252 and it still shows up during the "check portion" before I e-file

by on Latest post on by

3 Replies 1484 Views

3 Replies

1484 Views

TurboTax Online: where are other withholdings?

by on Latest post on by

7 Replies 3919 Views

7 Replies

3919 Views

Taxing on Monthly Pension Payments

by on Latest post on by

4 Replies 2953 Views

4 Replies

2953 Views

I got a message from Turbo tax that due to an error in your software i am not getting the $20,000 pension exclusion. how can this be corrected?

by on Latest post on by

4 Replies 866 Views

4 Replies

866 Views

Form 1116 does not result in full Foreign tax credit

by Latest post on by

5 Replies 3371 Views

5 Replies

3371 Views

My 1099-B has Federal Income Tax Withheld. Where do I list it?

by on Latest post on by

8 Replies 8515 Views

8 Replies

8515 Views

How do I report an IRA distribution from Puerto Rico if I am a not a resident of the Island. I am however a US Citizen residing full time in USA?

by on Latest post on by

4 Replies 985 Views

4 Replies

985 Views

Amended 2023 resulting in excess Roth per form 5329

by on Latest post on by

3 Replies 1202 Views

3 Replies

1202 Views

Do i need to attach a 1099r form to my state return or my federal return

by on Latest post on by

6 Replies 15072 Views

6 Replies

15072 Views

direct rollover from one eligible account to anothre

by on Latest post on by

1 Reply 1315 Views

1 Reply

1315 Views

Why does turbo tax say I owe PA state tax on a post tax 401K distribution?

by on Latest post on by

2 Replies 968 Views

2 Replies

968 Views

1099-R state tax witholding box 14

by on Latest post on by

1 Reply 356 Views

1 Reply

356 Views

2024 Backdoor Roth Conversion impacting fed

by on Latest post on by

2 Replies 6895 Views

2 Replies

6895 Views

Had two jobs but one W2 since employers used a PEO. Had too much social security withheld. TT won't let me amend Line 11/Sched3 since it thinks it's one job. How to fix?

by on Latest post on by

78 Replies 13265 Views

78 Replies

13265 Views

IRS calculates taxable Social Security benefits differently from TurboTax

by Latest post on by

23 Replies 48888 Views

23 Replies

48888 Views

How do you enter a retired clergy housing allowance?

by on Latest post on by

9 Replies 3454 Views

9 Replies

3454 Views

Can't finish my e-filing because it states "NYS withholding can not be greater than or equal to gross distribution or state distribution" My line 14a is less than gross

by on Latest post on by

3 Replies 1514 Views

3 Replies

1514 Views

pension, how to access the simplification worksheet online

by on Latest post on by

1 Reply 919 Views

1 Reply

919 Views

PRIVATE Pension Showing as a Deduction in Missouri

by on Latest post on by

4 Replies 2047 Views

4 Replies

2047 Views

TurboTax doesn't seem to calculate my Roth IRA Contribution Limit correctly

by on Latest post on by

8 Replies 3263 Views

8 Replies

3263 Views

ACI amount

by on Latest post on by

1 Reply 576 Views

1 Reply

576 Views

GAINS AND LOSSES

by on Latest post on by

1 Reply 442 Views

1 Reply

442 Views

"Enter Prior Year Roth IRA Contributions" seems to auto-include mega backdoor roth (rollover) amounts. Is that right or wrong?

by on Latest post on by

3 Replies 4222 Views

3 Replies

4222 Views

2024 Taxes on Inherited Traditional IRA RMD distribution not being calculated in Turbo tax

by on Latest post on by

3 Replies 2220 Views

3 Replies

2220 Views

how does Ttax figure tax on social security - interest and dividends?

by on Latest post on by

2 Replies 3220 Views

2 Replies

3220 Views

Form 8606 prior year basis

by on Latest post on by

5 Replies 1929 Views

5 Replies

1929 Views

Excess contribution to IRA in DEC 24 and took out the money in FEB 25.

by on Latest post on by

3 Replies 1566 Views

3 Replies

1566 Views

One of our 1099-R forms has both my name and my husband’s name as recipients. How do I enter It on TT?

by on Latest post on by

5 Replies 2131 Views

5 Replies

2131 Views

Nonqualified Pension Plan i.e., an Amount in Box 11

by on Latest post on by

7 Replies 3229 Views

7 Replies

3229 Views

Excess 401K ROTH contribution

by on Latest post on by

10 Replies 4070 Views

10 Replies

4070 Views

Social security line 6b

by on Latest post on by

2 Replies 825 Views

2 Replies

825 Views

Turbotax incorrectly include Roth IRA conversion into NJ taxable income

by on Latest post on by

4 Replies 3766 Views

4 Replies

3766 Views

1099-R Distribution to be used as startup cost for setting up a Farm Business

by on Latest post on by

1 Reply 3962 Views

1 Reply

3962 Views

How do I enter retirement income from another country when I don't have an EIN?

by on Latest post on by

11 Replies 6800 Views

11 Replies

6800 Views

I recharacterized to roth IRA. 1099-R has dist code 2 in box 7. upon importing the form, TurboxTax says this sum is tax exempt. But this sum gets included as income. Why?

by on Latest post on by

6 Replies 3543 Views

6 Replies

3543 Views

How enter an RMD for an account where no 1099-R was received as distribution was taken from another account

by on Latest post on by

8 Replies 3949 Views

8 Replies

3949 Views

Rollover and Pretax payments.

by on Latest post on by

6 Replies 3835 Views

6 Replies

3835 Views

Excess 401k Contribution and rolled over to IRA account

by on Latest post on by

3 Replies 3115 Views

3 Replies

3115 Views

Online fix for the 1099 R issue for inherited NQ stretch distributions

by on

0 Replies 463 Views

0 Replies

463 Views

Missouri nontaxable retirement income for public school teachers

by on Latest post on by

3 Replies 2413 Views

3 Replies

2413 Views

Cash In Lieu Sales Not Reported in 1099-B - What type of term type to use (uncovered, not recd, unknown)

by on Latest post on by

2 Replies 1731 Views

2 Replies

1731 Views

Traditional IRA to backdoor Roth IRA conversion reported as taxable income

by on Latest post on by

4 Replies 10073 Views

4 Replies

10073 Views

How to correct the 8606 which turbotax did incorrectly?

by on Latest post on by

11 Replies 1623 Views

11 Replies

1623 Views

Roll excess 529 contribution to another account

by on Latest post on by

5 Replies 2620 Views

5 Replies

2620 Views

Check this entry error received upon final review. Error states "Form 1099-B Worksheet (TD Ameritrade) Sales Price is not between prescribed upper & lower limits?

by on Latest post on by

17 Replies 7685 Views

17 Replies

7685 Views

Turbotax for 2024 tax return -- calculating 2024 RMD with a mistake

by on

0 Replies 1302 Views

0 Replies

1302 Views

I get retirement pay from the military and have a 1099-R but the program acts like I withdrew money early. Also not sure if qualified or non qualified plan

by on Latest post on by

2 Replies 4539 Views

2 Replies

4539 Views

Where do I enter the tax paid on Rmd

by on Latest post on by

5 Replies 3001 Views

5 Replies

3001 Views

PA Form 1099-R, where do you mail it, when you file online

by on Latest post on by

1 Reply 407 Views

1 Reply

407 Views

Why am I getting taxed on traditional IRA with only backdoor contributions?

by on Latest post on by

1 Reply 9832 Views

1 Reply

9832 Views

2024 1099-R non qualified distribution glitch

by on Latest post on by

1 Reply 1174 Views

1 Reply

1174 Views

Turbotax Online 2023 Backdoor Roth contribution made in 2024 appearing as taxable in my 2024 return. Help!!

by on Latest post on by

2 Replies 2768 Views

2 Replies

2768 Views

401K and ROTH early withdrawal New York State

by on Latest post on by

1 Reply 1365 Views

1 Reply

1365 Views

2023/2024 Backdoor Roth Contribution

by on Latest post on by

2 Replies 1146 Views

2 Replies

1146 Views

Roth IRA Withdrawl of contributions - NJ State Tax Question

by on Latest post on by

2 Replies 1395 Views

2 Replies

1395 Views

How do I report additional tax on excess accumulation in qualified retirement plans? (Didn't take RMD from IRA)

by on Latest post on by

8 Replies 2313 Views

8 Replies

2313 Views

Backdoor Roth IRA

by on Latest post on by

4 Replies 761 Views

4 Replies

761 Views

2024 New York taxes not applying the 20% tax credit for Long Term Care Premiums

by on Latest post on by

1 Reply 1949 Views

1 Reply

1949 Views

Overcontribution 401k in 2023, 1099-R reported in 2024, amend 2023 tax return?

by on Latest post on by

3 Replies 1954 Views

3 Replies

1954 Views

maryland military retirement income exclusion not showing?

by on Latest post on by

1 Reply 613 Views

1 Reply

613 Views

1099R state tax withheld not showing up on my TurboTax return.

by on Latest post on by

1 Reply 993 Views

1 Reply

993 Views

Catch-Up Contributions to 403(b) in 2024

by on Latest post on by

2 Replies 2694 Views

2 Replies

2694 Views

Am I supposed to enter the "Fair Market Value of Account" listed on the Form 5498 in Turbotax where it asks for total value of all IRA's?

by on Latest post on by

3 Replies 1192 Views

3 Replies

1192 Views

Where can I find carryover? Can it be zero?

by on Latest post on by

1 Reply 1705 Views

1 Reply

1705 Views

Entering Social Security information

by on Latest post on by

1 Reply 344 Views

1 Reply

344 Views

Bug report: Incorrect calculation of taxable IRA distribution for Roth conversion

by on

0 Replies 4536 Views

0 Replies

4536 Views

Does military retirement pay count as a qualified plan?

by on Latest post on by

5 Replies 11376 Views

5 Replies

11376 Views

spousal ira zero deduction

by on Latest post on by

4 Replies 2298 Views

4 Replies

2298 Views

Why am I being asked to "Enter Prior Year Roth IRA Contributions". I have been retired over 15 years and haven't made a contribution since there. I have no records.

by on Latest post on by

11 Replies 13572 Views

11 Replies

13572 Views

Is a 1099-R the same thing as a W-2?

by on Latest post on by

5 Replies 12603 Views

5 Replies

12603 Views

My wife and I are subject to IRMAA adjustments in addition to the regular Medicare premiums. Are these adjustments deductible?

by on Latest post on by

10 Replies 5357 Views

10 Replies

5357 Views

I did not take RMD this year, ho3wever it continues to show up as income in Turbo Tax. When hit "review" i cannot see RMD so cannot delete

by on Latest post on by

3 Replies 543 Views

3 Replies

543 Views

Roth 401(k) to Roth 401(k) Rollover

by on Latest post on by

2 Replies 2145 Views

2 Replies

2145 Views

SEP IRA contribution is not lowering my net income?

by on Latest post on by

4 Replies 1804 Views

4 Replies

1804 Views

10% Penalty on Corrective Distribution from Roth IRA

by on Latest post on by

6 Replies 7454 Views

6 Replies

7454 Views

How should I report a cash liquidation distribution when no 1099-B is reported to the IRS?

by on Latest post on by

7 Replies 5690 Views

7 Replies

5690 Views

I did a 401k rollover to an IRA and TurboTax is showing it as income. Is that accurate?

by on Latest post on by

13 Replies 17388 Views

13 Replies

17388 Views

HSA tax year correction

by on Latest post on by

4 Replies 3574 Views

4 Replies

3574 Views

1. 1099-R (PJ), amendment needed? 2. Check This Entry: IRA Contributions Worksheet: Line 7 - Excess traditional IRA contribution credit

by on Latest post on by

1 Reply 3857 Views

1 Reply

3857 Views

I sold mutual funds in India. How do I reflect that in TurboTax as I dont have a 1099-B. TurboTax keeps saying that I need to send a copy of 1099-B to IRS ?

by on Latest post on by

8 Replies 2022 Views

8 Replies

2022 Views

I have made 26000 in nondeductible ira contributions. Last form 8606 form 1999 only shows total basis of 2000 as do all prior 8606. How do I show correct total basis?

by on Latest post on by

4 Replies 1568 Views

4 Replies

1568 Views

Reporting canadian social security benefits

by on Latest post on by

25 Replies 14580 Views

25 Replies

14580 Views

Partial Roth conversion of IRA distribution

by on Latest post on by

5 Replies 4686 Views

5 Replies

4686 Views

TT not ready for 1099-R?

by on Latest post on by

1 Reply 2251 Views

1 Reply

2251 Views

Social Security

by on Latest post on by

7 Replies 3272 Views

7 Replies

3272 Views

IRA distribution listed incorrectly as inherited on my tax form

by on Latest post on by

1 Reply 531 Views

1 Reply

531 Views

What does this mean: Were Any Roth IRAs Open?

by on Latest post on by

3 Replies 5422 Views

3 Replies

5422 Views

Qualified Distribution- Birth

by on Latest post on by

1 Reply 2681 Views

1 Reply

2681 Views

After-Tax 401(k) Rolled to Traditional IRA then Converted to Roth

by on Latest post on by

3 Replies 6975 Views

3 Replies

6975 Views

Should turbotax not let me e-file when my 1099-r from vanguard and fidelity have amt in 14 (state tax withheld) but not 16 (state distribution)? can this be fixed?

by on Latest post on by

5 Replies 1444 Views

5 Replies

1444 Views

Help: Multiple 1099-R forms and need help with "Tell us the value of your Traditional IRA" page

by on Latest post on by

3 Replies 8606 Views

3 Replies

8606 Views

PA 401k tax

by on Latest post on by

1 Reply 662 Views

1 Reply

662 Views

Add/Edit Investments and Savings

by on Latest post on by

3 Replies 3351 Views

3 Replies

3351 Views

How would you like to upload your 1099-INT?

by on Latest post on by

1 Reply 1006 Views

1 Reply

1006 Views

I have two entries for box 12, one says D 20 and another says D. Do I need to enter both amounts in Turbotax and if so how?

by on Latest post on by

15 Replies 10637 Views

15 Replies

10637 Views

Are company pension plans subject to RMD?

by on Latest post on by

20 Replies 26423 Views

20 Replies

26423 Views

I received a distribution of my equity interest in an LLC. I did not receive a K1 or a 1099 form for this distribution. Where do i record the LT capital gain?

Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier Online