Retirement Tax Tips and Answers | TurboTax® Support

Question about Birth and Adoption Early Withdrawal from 401k

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5 Replies 3156 Views

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3156 Views

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

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25 Replies 11424 Views

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11424 Views

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

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15 Replies 4338 Views

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4338 Views

Earning and Loss Calculation for Recharacterization

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

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7 Replies 6153 Views

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6153 Views

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

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3 Replies 1940 Views

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1940 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.

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2141 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.

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7 Replies 1395 Views

7 Replies

1395 Views

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

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1 Reply 983 Views

1 Reply

983 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?

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41 Replies 82534 Views

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82534 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?

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6 Replies 2839 Views

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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?

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3 Replies 341 Views

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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?

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7 Replies 2944 Views

7 Replies

2944 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?

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IRA back door pro data

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

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Massachusetts Taxable IRA distributions

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49 Replies 49102 Views

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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?

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4 Replies 2282 Views

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2282 Views

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

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19 Replies 46575 Views

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46575 Views

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

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1 Reply 383 Views

1 Reply

383 Views

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

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3 Replies 1536 Views

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RMD taken correctly, but penalty assessed

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63 Replies 4917 Views

63 Replies

4917 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?

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4 Replies 2226 Views

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Entering RMDs for inherited roth IRAs

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1 Reply 1383 Views

1 Reply

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How to report Backdoor IRA contribution?

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5 Replies 2169 Views

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1099-R doesn't differentiate contributions and earnings

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1 Reply 1875 Views

1 Reply

1875 Views

Where do i report a 1099 o the form?

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3 Replies 432 Views

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Backdoor Roth IRA conversion not working

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5 Replies 1462 Views

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MA Tax-exempt pension

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25 Replies 7518 Views

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

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

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3 Replies 1072 Views

3 Replies

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TurboTax Online: where are other withholdings?

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Taxing on Monthly Pension Payments

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4 Replies 1878 Views

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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?

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4 Replies 425 Views

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Form 1116 does not result in full Foreign tax credit

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

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8 Replies 7565 Views

8 Replies

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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?

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4 Replies 553 Views

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Amended 2023 resulting in excess Roth per form 5329

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3 Replies 826 Views

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

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direct rollover from one eligible account to anothre

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1 Reply

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

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2 Replies 664 Views

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1099-R state tax witholding box 14

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1 Reply 267 Views

1 Reply

267 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6093 Views

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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?

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78 Replies 11701 Views

78 Replies

11701 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 46125 Views

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How do you enter a retired clergy housing allowance?

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9 Replies 2529 Views

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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

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3 Replies 1146 Views

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pension, how to access the simplification worksheet online

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1 Reply 533 Views

1 Reply

533 Views

PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 1287 Views

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1287 Views

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

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8 Replies 2449 Views

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ACI amount

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1 Reply 276 Views

1 Reply

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GAINS AND LOSSES

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1 Reply 178 Views

1 Reply

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

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3 Replies 3257 Views

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

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

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Form 8606 prior year basis

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

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

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

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Excess 401K ROTH contribution

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Social security line 6b

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2 Replies 560 Views

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Turbotax incorrectly include Roth IRA conversion into NJ taxable income

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4 Replies 2508 Views

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

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1 Reply 3240 Views

1 Reply

3240 Views

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

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11 Replies 5486 Views

11 Replies

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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?

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6 Replies 2799 Views

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2799 Views

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

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8 Replies 2424 Views

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Rollover and Pretax payments.

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Excess 401k Contribution and rolled over to IRA account

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3 Replies 1661 Views

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

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Missouri nontaxable retirement income for public school teachers

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3 Replies 2038 Views

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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

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14 Replies 3693 Views

14 Replies

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

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2 Replies 1087 Views

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Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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How to correct the 8606 which turbotax did incorrectly?

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980 Views

Roll excess 529 contribution to another account

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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?

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17 Replies 6358 Views

17 Replies

6358 Views

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

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0 Replies 997 Views

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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

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Where do I enter the tax paid on Rmd

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5 Replies 1376 Views

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1376 Views

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

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1 Reply 287 Views

1 Reply

287 Views

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

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1 Reply 8311 Views

1 Reply

8311 Views

2024 1099-R non qualified distribution glitch

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1 Reply 944 Views

1 Reply

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

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2 Replies 2407 Views

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401K and ROTH early withdrawal New York State

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1 Reply 994 Views

1 Reply

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2023/2024 Backdoor Roth Contribution

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2 Replies 770 Views

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Roth IRA Withdrawl of contributions - NJ State Tax Question

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2 Replies 1033 Views

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

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8 Replies 1580 Views

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1580 Views

Backdoor Roth IRA

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4 Replies 435 Views

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435 Views

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

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1 Reply 1430 Views

1 Reply

1430 Views

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

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3 Replies 1571 Views

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1571 Views

maryland military retirement income exclusion not showing?

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1 Reply 484 Views

1 Reply

484 Views

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

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1 Reply 807 Views

1 Reply

807 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 1961 Views

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1961 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?

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3 Replies 845 Views

3 Replies

845 Views

Where can I find carryover? Can it be zero?

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1 Reply 1434 Views

1 Reply

1434 Views

Entering Social Security information

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1 Reply 247 Views

1 Reply

247 Views

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

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0 Replies 3591 Views

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3591 Views

Does military retirement pay count as a qualified plan?

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5 Replies 9675 Views

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9675 Views

spousal ira zero deduction

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4 Replies 1344 Views

4 Replies

1344 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.

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11 Replies 10419 Views

11 Replies

10419 Views

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

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5 Replies 9785 Views

5 Replies

9785 Views

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

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10 Replies 3907 Views

10 Replies

3907 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

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3 Replies 299 Views

3 Replies

299 Views

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

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2 Replies 1277 Views

2 Replies

1277 Views

SEP IRA contribution is not lowering my net income?

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4 Replies 1146 Views

4 Replies

1146 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 4672 Views

6 Replies

4672 Views

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

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7 Replies 4375 Views

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4375 Views

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

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13 Replies 11566 Views

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HSA tax year correction

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4 Replies 2162 Views

4 Replies

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

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1 Reply 3056 Views

1 Reply

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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 ?

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8 Replies 1382 Views

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1382 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?

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4 Replies 1209 Views

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Reporting canadian social security benefits

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25 Replies 12643 Views

25 Replies

12643 Views

Partial Roth conversion of IRA distribution

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5 Replies 3318 Views

5 Replies

3318 Views

TT not ready for 1099-R?

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1 Reply 1709 Views

1 Reply

1709 Views

Social Security

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7 Replies 2164 Views

7 Replies

2164 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 414 Views

1 Reply

414 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 3844 Views

3 Replies

3844 Views

Qualified Distribution- Birth

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1 Reply 1248 Views

1 Reply

1248 Views

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

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3 Replies 5683 Views

3 Replies

5683 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?

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5 Replies 770 Views

5 Replies

770 Views

Medicare Deduction from Soc Sec

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5 Replies 6676 Views

5 Replies

6676 Views

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

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3 Replies 7138 Views

3 Replies

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PA 401k tax

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1 Reply 437 Views

1 Reply

437 Views

Add/Edit Investments and Savings

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3 Replies 2289 Views

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2289 Views

How would you like to upload your 1099-INT?

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1 Reply 524 Views

1 Reply

524 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?

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15 Replies 8457 Views

15 Replies

8457 Views

Are company pension plans subject to RMD?

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20 Replies 24227 Views

20 Replies

24227 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?

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7 Replies 1515 Views

7 Replies

1515 Views

Backdoor Roth "conversion" on money already contributed directly to Roth IRA

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15 Replies 24779 Views

15 Replies

24779 Views

2024 Excess Contributions Backdoor Roth (I Had Zero Earned Income)

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To calculate my MAGI, do i need to add 401k contributions back into my AGI?

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5 Replies 16249 Views

5 Replies

16249 Views

Are social security benefits taxable for US citizens living abroad?

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9 Replies 7301 Views

9 Replies

7301 Views

Form 5329 (Ineligible Roth)

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7 Replies 8546 Views

7 Replies

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Where do I enter a bank interest penalty for early withdrawal of savings? Can I just deduct this penalty from my interest earned from same bank?

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8 Replies 2397 Views

8 Replies

2397 Views

Can i reduce my taxable pension by cost of the medical insurance being deducted from my paychecks?

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17 Replies 8505 Views

17 Replies

8505 Views

How can I make a copy of tax return without social security number printed

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9 Replies 13558 Views

9 Replies

13558 Views

While reviewing my 1040 form, line 25c shows federal income tax withheld from "other forms". I cannot figure out where this came from. Please help.

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18 Replies 19428 Views

18 Replies

19428 Views

How to enter a back-door Roth with a balance already in the IRA

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4 Replies 95815 Views

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After tax 401k in plan conversion to Roth 401K

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0 Replies 13562 Views

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Form 8959 and 1040 show different W2 amounts - employer overwithheld medicare tax

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3 Replies 1679 Views

3 Replies

1679 Views

Filing form 8086 for 2022 during 2023 tax year

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4 Replies 3538 Views

4 Replies

3538 Views

I'm entering my 11-character Document ID into the field, but I keep getting error message "Please enter the 11-character Document ID without spaces from your Form 1099?

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3 Replies 1043 Views

3 Replies

1043 Views

For Roth Conversion handling by Alabama, The TT screen "Some or All of Your Distribution is Taxable" has two boxes with a big "OR" in between. Why does TT fill both?

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16 Replies 4074 Views

16 Replies

4074 Views

Do we need to report on our taxes that we moved our IRA money from mutual funds to gold in 2022?

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6 Replies 1212 Views

6 Replies

1212 Views

Roth

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1 Reply

4880 Views

Do you have a TurboTax Online account?

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