Retirement Tax Tips and Answers | TurboTax® Support

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?

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How to handle Corrected 2024 SSA-1099

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

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2 Replies 397 Views

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397 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?

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8 Replies 1656 Views

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Question about Birth and Adoption Early Withdrawal from 401k

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5 Replies 4238 Views

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

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25 Replies 13687 Views

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

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15 Replies 5760 Views

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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 7407 Views

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

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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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10 Replies 2851 Views

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2851 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 2111 Views

7 Replies

2111 Views

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

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1 Reply 1532 Views

1 Reply

1532 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 89175 Views

41 Replies

89175 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 3476 Views

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3476 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?

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3 Replies 595 Views

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595 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?

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7 Replies 3351 Views

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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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8 Replies 2700 Views

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

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2 Replies 1008 Views

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Massachusetts Taxable IRA distributions

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49 Replies 52146 Views

49 Replies

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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 3441 Views

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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 47724 Views

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

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1 Reply 563 Views

1 Reply

563 Views

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

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3 Replies 1951 Views

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1951 Views

RMD taken correctly, but penalty assessed

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63 Replies 6549 Views

63 Replies

6549 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 2737 Views

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2737 Views

Entering RMDs for inherited roth IRAs

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1 Reply 1599 Views

1 Reply

1599 Views

How to report Backdoor IRA contribution?

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5 Replies 2713 Views

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2713 Views

1099-R doesn't differentiate contributions and earnings

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1 Reply 2529 Views

1 Reply

2529 Views

Where do i report a 1099 o the form?

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3 Replies 663 Views

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Backdoor Roth IRA conversion not working

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5 Replies 1797 Views

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MA Tax-exempt pension

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25 Replies 8362 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 1382 Views

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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 2575 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 718 Views

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Form 1116 does not result in full Foreign tax credit

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5 Replies 3164 Views

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

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8 Replies 8159 Views

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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 859 Views

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Amended 2023 resulting in excess Roth per form 5329

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3 Replies 1112 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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6 Replies 13898 Views

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direct rollover from one eligible account to anothre

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1 Reply 1231 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 882 Views

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1099-R state tax witholding box 14

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1 Reply 341 Views

1 Reply

341 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6727 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 12874 Views

78 Replies

12874 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 47966 Views

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How do you enter a retired clergy housing allowance?

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9 Replies 3093 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 1348 Views

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pension, how to access the simplification worksheet online

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1 Reply 870 Views

1 Reply

870 Views

PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 1871 Views

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1871 Views

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

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8 Replies 3107 Views

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ACI amount

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1 Reply 545 Views

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545 Views

GAINS AND LOSSES

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1 Reply 409 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 4040 Views

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4040 Views

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

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3 Replies 1984 Views

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

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2 Replies 3058 Views

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Form 8606 prior year basis

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5 Replies 1756 Views

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1756 Views

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

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3 Replies 1472 Views

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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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5 Replies 1945 Views

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1945 Views

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

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7 Replies 2494 Views

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Excess 401K ROTH contribution

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10 Replies 3647 Views

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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 3393 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 3867 Views

1 Reply

3867 Views

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

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11 Replies 6318 Views

11 Replies

6318 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?

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6 Replies 3198 Views

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3198 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 3102 Views

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3102 Views

Rollover and Pretax payments.

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6 Replies 3560 Views

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Excess 401k Contribution and rolled over to IRA account

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3 Replies 2752 Views

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

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0 Replies 433 Views

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Missouri nontaxable retirement income for public school teachers

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3 Replies 2299 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 4727 Views

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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 1616 Views

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1616 Views

Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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4 Replies 9127 Views

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9127 Views

How to correct the 8606 which turbotax did incorrectly?

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11 Replies 1478 Views

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1478 Views

Roll excess 529 contribution to another account

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5 Replies 2353 Views

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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 7313 Views

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7313 Views

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

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0 Replies 1227 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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2 Replies 4284 Views

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Where do I enter the tax paid on Rmd

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5 Replies 2271 Views

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

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1 Reply 378 Views

1 Reply

378 Views

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

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1 Reply 9561 Views

1 Reply

9561 Views

2024 1099-R non qualified distribution glitch

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1 Reply 1111 Views

1 Reply

1111 Views

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

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2 Replies 2668 Views

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2668 Views

401K and ROTH early withdrawal New York State

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1 Reply 1297 Views

1 Reply

1297 Views

2023/2024 Backdoor Roth Contribution

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2 Replies 1052 Views

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Roth IRA Withdrawl of contributions - NJ State Tax Question

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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 2074 Views

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2074 Views

Backdoor Roth IRA

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4 Replies 644 Views

4 Replies

644 Views

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

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1 Reply 1856 Views

1 Reply

1856 Views

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

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3 Replies 1890 Views

3 Replies

1890 Views

maryland military retirement income exclusion not showing?

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1 Reply 582 Views

1 Reply

582 Views

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

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1 Reply 951 Views

1 Reply

951 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 2538 Views

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2538 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 1099 Views

3 Replies

1099 Views

Where can I find carryover? Can it be zero?

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1 Reply 1648 Views

1 Reply

1648 Views

Entering Social Security information

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1 Reply 313 Views

1 Reply

313 Views

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

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0 Replies 4325 Views

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4325 Views

Does military retirement pay count as a qualified plan?

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5 Replies 10257 Views

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10257 Views

spousal ira zero deduction

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4 Replies 2088 Views

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2088 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 11673 Views

11 Replies

11673 Views

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

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5 Replies 10804 Views

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10804 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 4913 Views

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4913 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 483 Views

3 Replies

483 Views

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

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2 Replies 1937 Views

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1937 Views

SEP IRA contribution is not lowering my net income?

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4 Replies 1577 Views

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1577 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 6744 Views

6 Replies

6744 Views

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

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7 Replies 5397 Views

7 Replies

5397 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 15007 Views

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15007 Views

HSA tax year correction

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4 Replies 3255 Views

4 Replies

3255 Views

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 3746 Views

1 Reply

3746 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 ?

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8 Replies 1846 Views

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1846 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 1466 Views

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Reporting canadian social security benefits

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25 Replies 14140 Views

25 Replies

14140 Views

Partial Roth conversion of IRA distribution

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5 Replies 4441 Views

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TT not ready for 1099-R?

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1 Reply 2163 Views

1 Reply

2163 Views

Social Security

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7 Replies 2927 Views

7 Replies

2927 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 507 Views

1 Reply

507 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 4467 Views

3 Replies

4467 Views

Qualified Distribution- Birth

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1 Reply 2110 Views

1 Reply

2110 Views

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

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3 Replies 6705 Views

3 Replies

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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 1245 Views

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1245 Views

Medicare Deduction from Soc Sec

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5 Replies 10759 Views

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10759 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 8329 Views

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8329 Views

PA 401k tax

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1 Reply 601 Views

1 Reply

601 Views

Add/Edit Investments and Savings

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3 Replies 3072 Views

3 Replies

3072 Views

How would you like to upload your 1099-INT?

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1 Reply 917 Views

1 Reply

917 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 9573 Views

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9573 Views

Are company pension plans subject to RMD?

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20 Replies 25413 Views

20 Replies

25413 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 2197 Views

7 Replies

2197 Views

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

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15 Replies 27547 Views

15 Replies

27547 Views

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

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0 Replies 33274 Views

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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 18142 Views

5 Replies

18142 Views

Are social security benefits taxable for US citizens living abroad?

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9 Replies 8575 Views

9 Replies

8575 Views

Form 5329 (Ineligible Roth)

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7 Replies 9242 Views

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9242 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 2848 Views

8 Replies

2848 Views

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

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17 Replies 9999 Views

17 Replies

9999 Views

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

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9 Replies 14809 Views

9 Replies

14809 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 22953 Views

18 Replies

22953 Views

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

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4 Replies 96855 Views

4 Replies

96855 Views

After tax 401k in plan conversion to Roth 401K

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0 Replies 14098 Views

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

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3 Replies 1995 Views

3 Replies

1995 Views

Filing form 8086 for 2022 during 2023 tax year

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4 Replies 3836 Views

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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 1297 Views

3 Replies

1297 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 5258 Views

16 Replies

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Do you have a TurboTax Online account?

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