Retirement Tax Tips and Answers | TurboTax® Support

What if the W-2c statement you received doesn’t have the corrected Federal Income Tax Withheld amount?

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5 Replies 2444 Views

5 Replies

2444 Views

Can I claim the $3000 Retired Public Safety Officer exclusion? i click yes on the form and didn't get the credit.

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19 Replies 20177 Views

19 Replies

20177 Views

Tax Year Prior to 2020: Tried calling the IRS. No answer on any number or selection. Gov at its finest. I swear I should have stayed working for them. Do nothing all day and get a pension.

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84 Replies 35553 Views

84 Replies

35553 Views

If already filed my taxes and found a 1099-Q form what do I have to do in order to file it? What is the process I should take? Will I be getting less money back?

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2 Replies 3229 Views

2 Replies

3229 Views

Is a 1099-R the correct form to receive from a payer for distributions from a 457(b) plan?

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4 Replies 4495 Views

4 Replies

4495 Views

Form 5329 Lines 2 and Line 4 are not calculated correctly. What should I do as a workaround for this miscalculation?

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4 Replies 2038 Views

4 Replies

2038 Views

When to make tax payment for Roth conversion?

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4 Replies 9796 Views

4 Replies

9796 Views

Turbotax is including my wife's IRA RMD as part of my Qualified Pension Plan distribution. Anybody know how to fix this?

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9 Replies 2558 Views

9 Replies

2558 Views

I received a 1099R for 401k excess. The calendar year is 2018 and a P code. In TurboTax Amend, "P" is taxable income in 2016 (not 2017) Do I file this in 2018 taxes?

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1 Reply 1090 Views

1 Reply

1090 Views

When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

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1 Reply 923 Views

1 Reply

923 Views

I took a distribution from my IRA in 2016. Can I make an IRA contribution before April 2017 to reduce my taxes?

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7 Replies 2135 Views

7 Replies

2135 Views

Why does my pre-tax 401k contributions show up in my "total income" that's used to calculate federal tax owed? So I get taxed now on it & taxed later when taking it out?

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1 Reply 1024 Views

1 Reply

1024 Views

If I exceed Roth IRA income limit, and need 2 recharacterize all 2017 Roth contrib to IRA, do i include contribs & gains or just contribs? What is original contrib date?

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4 Replies 2355 Views

4 Replies

2355 Views

I earned $100.00 in 2018 for writing an article. However, I may or may not receive a 1099. How do I file this amount on my 2018 income tax return? Thanks!

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3 Replies 1250 Views

3 Replies

1250 Views

I just e filed. I have one 1099-R that has fed. income tax withheld. Do I send a hard copy of my return and this copy B of the 1099-R to the IRS? Please advise.

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1 Reply 976 Views

1 Reply

976 Views

Are retiree health reimbursement plans given as a retirement incentive supposed to be reported in medical expenses under reimbursements?

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1 Reply 1612 Views

1 Reply

1612 Views

I settled credit card debt but never received a 1099-C from the company I settled the debt with. Do I claim this on my taxes? If yes, how do I claim it without a 1099-C?

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3 Replies 2157 Views

3 Replies

2157 Views

I never deposited Jury Duty money, and my stub says I cannot any longer. Do I still need to enter this as money recived for my taxes?

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1 Reply 3804 Views

1 Reply

3804 Views

I took out 1300.00 from an Ira and put it in another bank the same day. I reported the 1099r form. When asked how much I invested in 2017 Ira do I include the 1300

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1 Reply 1030 Views

1 Reply

1030 Views

If I owe state and I e-filed do I have to include a copy of my W-2s and 1099’s when sending in my check payment for state taxes owed?

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2 Replies 1092 Views

2 Replies

1092 Views

Do I need a 1099 form for my cleaning company and major repairs? If I claim all my expenses and proof of payment, won't this be enough?

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1 Reply 4367 Views

1 Reply

4367 Views

1099 Misc income for IRA. Almost all of my income derives from landlording. but $800 comes from writing. May I contribute from the 100 MISC/Writer to an IRA?

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1 Reply 1000 Views

1 Reply

1000 Views

I mailed my check for what I owed on 2016 taxes today on 4/15. Am I going to get fined if it doesn't get there on the 18yh?

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3 Replies 1243 Views

3 Replies

1243 Views

TuboTax shows an "Exemption Amount" of $8,100 on my 1040. What is this for?

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10 Replies 3816 Views

10 Replies

3816 Views

Is the Thrift Savings Plans (TSPs) (I made an early withdrawl of $164000 from my govermment Thrift Savings Plans) for federal gov't workers the same as a 457 plan?

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1 Reply 1150 Views

1 Reply

1150 Views

I retired in Oct 2016 and received 3 pension checks.I entered all the info from the 1099R but turbotax asks for age and how much I paid on annuity start which i dont know

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1 Reply 965 Views

1 Reply

965 Views

In box 7 on my 1099-R I have a code of 2B what am I suppose to put there?

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1 Reply 1163 Views

1 Reply

1163 Views

I am liquidating a roth ira that was a result of a divorce transfer of my es-spouse's roth ira. what is the the tax liability for the disbursement?

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1 Reply 3260 Views

1 Reply

3260 Views

Recharacterization from Roth IRA to Traditional IRA after I filed 2017 taxes.

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1 Reply 1090 Views

1 Reply

1090 Views

Filing tax return by mail. Should I include 1099R form (pension) with it?

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1 Reply 2050 Views

1 Reply

2050 Views

Why is Turbo Tax not recognizing the 1099R teachers retirement this year but did last year. It is saying it is not a qualified pension? Why?

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3 Replies 2363 Views

3 Replies

2363 Views

My in process return shows that I must pay PA tax on my qualified pension. That is not accurate and I have not had to pay it in the past.

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1 Reply 831 Views

1 Reply

831 Views

What does the following mean: "(Form 8606-S) Enter your explanation here to complete the Return of IRA or ESA Contributions Before the Due Date of the Tax Return"?

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6 Replies 3509 Views

6 Replies

3509 Views

Can the 10% penalty for early withdrawal from 401k still be tax deductible? If I’m eligible for an EV credit of $7500 can that cover the penalty?

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8 Replies 5593 Views

8 Replies

5593 Views

If my net Schedule C income is around $10,000, why does Turbo Tax say I can contribute $9,000 to my sep ira? I thought the limit was 25%.

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2 Replies 1062 Views

2 Replies

1062 Views

I can’t find the date when I requested for my taxes to be paid. I am worried that payment won’t be taken from my account and my payment will be late. Where can I find?

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1 Reply 795 Views

1 Reply

795 Views

1099r used for downpayment of house; there is not a place within Turbo Tax to indicate the $10K of the distribution was used for a downpayment on house.

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1 Reply 870 Views

1 Reply

870 Views

Is there a way to remove the additional 10% the system says you owe for early distribution?

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1 Reply 920 Views

1 Reply

920 Views

I received a 1099-R for a distribution of my grandparents retirement plan after my grandmother died. It's a little confusing and I want to verify I entered it correctly

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2 Replies 1116 Views

2 Replies

1116 Views

What version of turbo tax should I purchase if I cashed in a Roth IRA to pay for my son's college tuition?

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1 Reply 806 Views

1 Reply

806 Views

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