Retirement Tax Tips and Answers | TurboTax® Support

Question about Birth and Adoption Early Withdrawal from 401k

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3159 Views

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

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25 Replies 11427 Views

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11427 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

15 Replies

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 6155 Views

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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 1396 Views

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1396 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 82545 Views

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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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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 342 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

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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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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 2227 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 2170 Views

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2170 Views

1099-R doesn't differentiate contributions and earnings

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1 Reply 1880 Views

1 Reply

1880 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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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 1073 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 1879 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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5 Replies 2776 Views

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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 827 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 1016 Views

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 665 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 6095 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 11707 Views

78 Replies

11707 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 46133 Views

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How do you enter a retired clergy housing allowance?

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9 Replies 2531 Views

9 Replies

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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 1290 Views

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

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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 3258 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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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 3242 Views

1 Reply

3242 Views

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

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11 Replies 5489 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

6 Replies

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 2039 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 3694 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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4 Replies 5688 Views

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How to correct the 8606 which turbotax did incorrectly?

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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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997 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

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4017 Views

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 8312 Views

1 Reply

8312 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 2410 Views

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401K and ROTH early withdrawal New York State

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1 Reply 995 Views

1 Reply

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2023/2024 Backdoor Roth Contribution

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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

4 Replies

435 Views

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

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1 Reply 1431 Views

1 Reply

1431 Views

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

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3 Replies 1571 Views

3 Replies

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 1962 Views

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1962 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 3592 Views

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3592 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 10420 Views

11 Replies

10420 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 3908 Views

10 Replies

3908 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 300 Views

3 Replies

300 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 1152 Views

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1152 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 4673 Views

6 Replies

4673 Views

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

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7 Replies 4377 Views

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4377 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 11574 Views

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HSA tax year correction

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4 Replies 2162 Views

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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 12645 Views

25 Replies

12645 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 2165 Views

7 Replies

2165 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 5684 Views

3 Replies

5684 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 6682 Views

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6682 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 7139 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 24781 Views

15 Replies

24781 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 7303 Views

9 Replies

7303 Views

Form 5329 (Ineligible Roth)

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7 Replies 8546 Views

7 Replies

8546 Views

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 8506 Views

17 Replies

8506 Views

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

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9 Replies 13560 Views

9 Replies

13560 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 19434 Views

18 Replies

19434 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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95815 Views

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 1680 Views

3 Replies

1680 Views

Filing form 8086 for 2022 during 2023 tax year

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4 Replies 3540 Views

4 Replies

3540 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 4075 Views

16 Replies

4075 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

1 Reply

4880 Views

Do you have a TurboTax Online account?

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