Retirement Tax Tips and Answers | TurboTax® Support

I received a lawsuit settlement check for a stock held in a Roth. Is it okay to deposit this check in a bank account or must it be deposited back into the Roth?

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Looking for clarity about the 401k 55 rule, is it the year you turn 55 or your 55 birthday ?

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If I facilitated the go fund me for public road repairs will I be taxed personally?

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Is my daughter required to report as U.S. income the €1,000 a month stipend she receives from the Spanish Ministry of Education for the N. A. Language Assistants Program?

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I would like to make a QCD at age 70 1/2. My birthday is on June 12. On what date can I make the QCD?

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I want a copy of my 1099 that was filed for year 2022

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Early withdrawal Roth. My distribution was less than my contribution, which would be zero. TurboTax doesn't creat Form 8606 automatically. How to use tool to creat 8606?

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From BBB What are limits to no tar on social security?

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What form or forms do I use to report chaitble contributions?

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I need my statement

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Can someone tell me where EXACTLY I can find the Account number and Doc ID on my Vanguard 1099-R form? Hard to find on the form. Called Vanguard service, no help.

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I did not receive my 2020 income taxes for federal and state I filed a 1099 and I only received $83.83 what happened to taxes money for that I would like a explanation?

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I have been in theatre for years. I am retired but will be directing a play and doing it pro bono. Can I deduct expenses?

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I got refund check because TurboTax calculated RMD by account while I calculated on the aggregate. TurboTax made me pay additional tax on the RMD, which was not needed.

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I sent my 2022 check to the IRS. They converted my check into an electronic withdrawal and are now saying I didn’t pay. My bank statement shows they took my payment.

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Where do I go to withdraw my 401k

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I received a K-1 with eight PTP entries for line 20 Z on the Statement A QBI pass through entity reporting. What form is needed to get those into the individual return?

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How does the IRS determine your voluntary tax withholdings reported on your SSA-1099 form? Do they receive information from Social Security ?

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Is the birth of a child exception for early withdrawal of IRA/401k plan still in effect and if so how would that work withdrawing in 2022 being unemployed? Waiver of 10%?

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Is it useful to be able to enter IRS Form 5498 IRA Contribution Information into TurboTax each year so that the program can keep track of it?

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Which worksheet does social security benefits worksheet line 6 1b come from?

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Can I speak to an advisor on why I never received my income tax from 2024

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Where do I enter my 1099-S?

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Recreating 2022 return & downloading UBS 1099. Getting a "Cannot download this 1099 for this user ID," Spend 1 hour on phone with UBS & they are researching. Help?

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TurboTax did not correctly calculate my taxable Social Security amount. IRS reduced my refund by correctly calculating the amount.

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How can I get my 1099

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Do I send 1099R to IRS if I e-filed and my return was accepted?

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in filling out the waiver request statement for form 5329 is there a way to use the windows clipboard and how exactly does the UI work?

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i am over 60 yrs. i distibuted form my Roth Ira and would like to do a rollover to it. if the account is qualified, does the 60 day rule even apply?

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how to check status of form 2359 for waiver of penalty

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I have been a TT user for many years and have the prior year taX INFORMATION ON A THUMB DRIVE . Only some information rolled over to 2024.

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Married filing jointly & both qualify for Georgia's retirement income exclusion but only one of us is retired. Why does our refund reduce when we enter the exclusion?

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I am 61 and my ROTH account has been opened for over 15 years - is my roth ira withdraw taxable?

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My wife and I are retired under employment section which of the five boxes do I check?

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I am an employer and using the TurboTax Business. I created a 1099 form and efile accepted. I want to now void it. How can I do it? It does not let me change to 0 or void

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i requested a withdrawl from my 401k in 2025 to make ends meet I received the money and i want to return the money to my 401k because situation changed ho

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Should I check W-2 under the Employment status, if I am retired and not working but receive a pension?

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Recvd 1099r for retiree medical ins. Box 1 gross cost box 2a employer contribution. Box 7= 9. Employer advised FYI only, not taxable inc. How is this entered in TT?

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California form 3805 P. Why does the form charge me a 2.5% penalty tax for early distribution when I'm in my 60's?

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TT 2024 is asking me how I determined the taxable amount on my 1099-R. It just came that way, and I am unsure what to do. I don't remember this in 2023 TT.

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Is it OK to enter an excess QCD amount in the 2024 Turbotax Deluxe (desktop) Forms Mode when QCDs from a conventional IRA exceed the RMD?

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I live in Fl, but worked and still own a house in NY. Is my pension considered "NY sourced income" if it comes from the firm's corporate offices located in Cleveland OH?

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I have a pension, wife has a job. I took a lump sum from a traditional IRA last yr. We file jointly. We used standard deduct last year. What form should we use this year?

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Because I am wait for my wife sosialsecurity

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2024 withdrawal/distribution from my Traditional IRA at 60. NO 1099R only my bank statement. Fed tax charged/collected do I file for state tax even though no 1099R?

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does the software crash during the interview step at SSA-1099 will not launch and returns to the Income Summary page

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2023, I added $850 ( trad. IRA) as a deduction should have been a contribution. The deduction occurred this year. Amend or pay taxes again?

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Does turbotax deduct K-1 box 14 code ZZ corpus not subject to tax from taxable income?

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What to choose & classify my NY state retirement? It shows as "nytrs" under box 14 but doesn't have the exact specification under the other box.

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Can I file a 1040 form if I have a 1099r

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If I am retired and drawing a pension from a previous employer, am I considered "covered by a retirement plan at work"?

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Social Security-The Turbo Tax software does not appear to be correctly calculating the taxable portion of social security for married filing jointly. Is there a solution?

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What if I did not receive my 1099-R?

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Bank made an error on an IRA form 1099-R can I correct this in TurboTax?

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Can I use the free online version if I only have an SSA-1099 form?

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My 2022 taxes miss coded an Roth 401K contribution as an Excess \"Roth IRA\" contribution. And I've paid the 6% \"Other Taxes\" in 2023 and 2024. how do I correct this?

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If I pay back 2024 roth ira withdrawals before 4/15/25 would my taxable go to 0

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I'm self employed and made a contribution to a simple IRA but did not get the full tax deduction even though my Max AGI and contribution amount is under the limit.Why?

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My husband lives overseas but turbo tax is asking for his social. How do I skip this

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I've never had to prepay for next tax year is this a requirement or optional

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How do I get to a live agent (I paid for service) who has experience with IRA planning tool and the retirement savings portion of the Federal taxes? Chat isn't helping.

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i'm retired .what box do i click in employment?

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Income & taxes withheld (Boxes 1-6), Less common items (Boxes 7-14) and boxes 15-17 in Turbotax do not match my 1099-R boxes.

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i entered my income, but when i enter my IRA contributions the program says i have zero income???

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My 1099R contains $60 in Block 14 and Block 16 is blank. Turbo Tax appears not to recognize this fact.

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Hi, if someone makes less than 55000 a year, can they make a contribution to an IRA?

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My banking institution is not listed from the drop-down list and it won't let me add it.

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Hi. I have a 1099R form for my husband's annuity. Do I have to include the Line5 amount as taxable income?

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I withdrew money from a 457B account and TurboTax is requiring me to fill out a M1QPEN form for a pension withdrawl, even though this was not my pension account.

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I have two 1099-Q forms. I entered one just fine. TT won't let me enter the second one. How can I get TT to enter a second 1099-Q?

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I was covered for 8 months in 2024 under a High deductable medical plan. TT calculates a max contrib of $6200. Why isn't this $6667 since I am over 60?

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The software isn't adding my 2024 contribution to IRA to basis, and is treating all amount converted to Roth as taxable. When will this be fixed?

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my 2023 return is on my desktop. It does not appear in the box to transfer info from last year. How do I get it to do that

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I have taken an ALLOWABLE portion of my Reg IRA & done a CONVERSION to My Existing ROTH IRA. But TurboTax Does NOT show a place to Mark this as a Conversion /Form 8606?

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Can I do my own 2024 tax return with schedule C and IRA distribution for $79.00?

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Can someone summarize that part of IRS Pub 721 that allows a rollover of a US Gov annuity to an IRA (TSP) tax free? TT allow this option but does not explain why.

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Is social security income federally taxable income for married filing separately if it plus pension and dividends and ira distributions exceed $25K?

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I only had social security check this year. Do I have to file a federal or state return?

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Do I have to file federal tax if gross income from social security and dividends is less than $20,000.00?

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Why is GA state not exempting my military retirement? I am 62.

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How to add my 1099-g form but something keeps going wrong

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Why am I required to enter an amount in the RMD field for a qualified pension monthly distribution ?

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I’m 65 years old and collect Social Security and live in California. Do I need to pay federal or state taxes

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The 1099 NEC I received does not have EIN on it but Turbotax desktop requires it. What should I do?

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If I receive Social Security only for year of 2023 and 2024. Do I need to file taxes?

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I would like to withdraw 179, 000 rom a traditional IRA and I earn $50.000 annually What taxes am I looking at to repay? I would like to pay off my 206,000 mortgage.

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If I participate in several passive partnerships (K-1 reports), where in the annual tax reports will I get the info

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1 Reply 552 Views

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Error in 2024 TT Premier. When I enter $0 for the 199A income that the K-1 from a Trust says I received. Turbo tax wants me to explain what the type of income $0 is.

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i am retired ( have no business at all) and help friend's company for welding job and i got 1099 nec. how i report in TurboTax.

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Why does the program say I need to update my social security information, dividends and interest and capital gains. I have entered the information three times.

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Is there a list or chart of the TurboTax versions are explained so i can make a choice?

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2 Replies 542 Views

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TurboxTax for 2024 will not allow me to enter my itemized deductions on 'Report 2023 Return Information'? How do I fix this? It seems to think I took the STD in 2023.

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Why does TurboTax program Step - by- Step say tax on Capital Gains is $0 but it gets added as income on Line 7 of Form 1040?

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I have a 1099-R for early Roth Ira withdrawal. There is 10% penalty which was already deducted (box 4) but I'm getting another 10% on my Turbo Tax Federal filing. Why?

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895 Views

can I change my security question

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How does one input a 1099-R for an IRA cash out into TurboTax Business for a decedent's estate form 1041 in order to get a refund of the taxes that were withheld?

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If I am retired, how should I indicate this?

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147 Views

I never received my statement of earnings for 2024 including Social Security. Can Turbo tax help me with those?

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Our 1099B has a number in undetermined B or E (basis not reported to the IRS). I know that it should be box E but the program is automatically putting it in box F.

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Is there a line item for social security when filing with TurboTax?

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Does Roth to Roth Account rollover be included for AGI for IRMMA?

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Since the IRS waived the inherited IRA RMD for 2024, why does turbo tax suggest to complete the waiver form?

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I get paid on 1099. But I also have an LLC registered in FL. Can I run the money I get monthly via LLC, as the LLC revenues? How do I file my taxes when I get 1099?

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Is an Inherited IRA distribution taxable?

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My sole incomeI for the last two years New York is not taxable. Last year I had a 401K minimum distribution and interest on CDs. How do I file?

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I am retired with no income. Received W-2 with Box 12a and 12b filled out. Since the Box 1 is blank, Turbo Tax tells me I cannot file electronically. How do I file elect?

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1100 Views

where to enter SEP IRA contribution in TurbboTax 2024

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Disabled recievingbenigits.I worked periodic jobs to survive,and didn't claim ,Had planned to using 1099 Can I still get economic relief from 2021.

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I paid someone and gave them a 1099 NCE. Where do i show that on my end?

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230 Views

The interview format failed to recognize that the1099 R for a Texas government pension is exempt from Massachusetts income tax. Did I miss something?

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I want to take advantage of turbo tax free filing as our only income is Social Security. Do we even need to file a return?

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I'm on social security and made a few dollars from home how d o I file that it's under $300.00 and I have no 1099 so how do I file that?

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1 Reply 377 Views

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377 Views

Is Inheritance taxable? Are Gifts Taxable (to the recipient)

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1099-B data entered but does not show up the income screen. Why not?

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1 Reply 203 Views

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203 Views

Can I import a corrected consolidated 1099? 1099-B is the only corrected section. I have already imported the original form and I don't want to double up on the entries.

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2981 Views

Where in TurboTax Premier do I enter foreign tax credit for taxes paid on a Canadian source lump-sum distribution from the pension plan RRIF?

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unable to complete turbo tax due to NO payer id for social security

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1 Reply 424 Views

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424 Views

Michigan taxes my pension at 50% I was born in 53? I now see MI Schd 1 line 26, 24C & 24D are blank. Taxed at the full rate! Anyone else experience this? How to fix?

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My daughter received a 1099-NEC form with total amount $2000, does she need to file a tax?

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How do I return to the page on my desktop 2024 TurboTax where I can enter my IRA RMD? I can't get back to the darned page!

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What distribution do I select for NYSLRS in Turbo Tax Home and Business?

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How to correct the error that even though the entries are correct, but Tubotax deluxe takes the taxable income from Box 1 and not from Box 2a?

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4 Replies 589 Views

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lump sum social security tax payment

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TurboTax desktop is not calculating correctly if I indicate I made my 2024 IRA contribution after Jan 1, 2025 (which I did). I I leave that blank it calculates correct

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How can I fix TT not calculating phased in reduction on 8995-A even though my taxable income is within the range?

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1 Reply 428 Views

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How do I claim my Social Security Income - I received a 1099 from the government.

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Why does my Turbo Tax Effective Tax Rate not equal Total Tax income divided by Taxable income?

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2 Replies 389 Views

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The social security income form did not come up when I was inputting all my income. “SS” in the search engine pops up the Railroad form. Where is the SS form? Thank U.

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3 Replies 532 Views

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What box do I check if I receive income with 1099's?

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290 Views

how to enter income if no 1099-K provided?

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1 Reply 500 Views

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500 Views

Where and how do I enter that my NYS pension is exempt from state tax?

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As executor do I have to file 1099's to the beneficiaries for distributions they received from the estate?

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OUR DAUGHTER SUDDENLY RECENTLY BECAME DISABLED. HER INCOME IN 2024 WAS GOOD. NOW ITS ZERO. SHE CANNOT PAY ANY OF THE TAX DUE IN APRIL. SHOULD SHE USE 433-A?

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How do you enter solo 401k participation in order to qualify for $500 auto enrollment tax credit?

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1 Reply 516 Views

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I am using TurboTax Premier on my desktop. Where to I enter information from my 1099-LTC

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1 Reply 569 Views

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How can I delete a section on 1099-B that I completed incorrectly?

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I received a 1099 for an account tied to my now deceased parent whose SSN was listed on the 1099 instead of the Estate EIN. How do I account for 1099 on both returns?

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You didn't ask for my review, but I found working with how you set up reporting RMD's not very efficient. Also it was difficult to work around Schedule E.

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how do I edit the name on a 1099-R in TurboTax?

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1 Reply 330 Views

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330 Views

Unable to DL 2032 1099?

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1 Reply 131 Views

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Turbotax prepares Form 8960 but does not exclude income from 401(a) pensions

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4 Replies 1023 Views

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My 2024 Turbotax has $240,625 in two 1099-R (IRA distributions) and has an RMD of $236,438 BUT IT'S SAYING I'M SHORT $232,251 WITH A PENALTY OF $23,225. What to do?

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3 Replies 865 Views

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Where should I enter the state tax penalty amount in TurboTax?

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I have a canadian rrif and I got an nr4 form. I entered this in turbotax, but I don't see how to enter the tax credit (they take out 15% at source)

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1 Reply 1105 Views

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1105 Views

I found a bug with form 8606, I could not change it manually, but turbotax link it with form 1099, which does not have a complete information for form 8606.

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10 Replies 1689 Views

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1689 Views

How do i get my 1099

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1 Reply 143 Views

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What to do when you just realized you over contribute for your 2023 ROTH IRA?

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Turbo Tax asks for "LTC number of days" and "costs of qualified LTC services". The 1099-LTC form does not show this information. Box 3 and box 4is checked. what to do?

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1326 Views

The RMD was paid by one financial institution rather than the institution holding the IRA, which as a result didn’t issue a 1099. How do I report the RMD?

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Last year, I had submitted my tax forms to my usual CPA; I needed to use an insolvency worksheet. He had filed an extension, then he retired. Can turbo tax help me?

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Do you have a TurboTax Online account?

Topics with Label: TurboTax Online