Retirement Tax Tips and Answers | TurboTax® Support

My IRA dist. form 1099-R shows I was taxed 10% but turbotax tells me I need to pay the tax. Don't want to pay it twice, what do I do?

by on Latest post on by

10 Replies 2954 Views

10 Replies

2954 Views

Exemptions Early Distribution IRA

by on Latest post on by

3 Replies 3029 Views

3 Replies

3029 Views

1099-R - when to select "None of the above (select for deferred compensation 457 plans)"

by on Latest post on by

1 Reply 1232 Views

1 Reply

1232 Views

Error with reporting RMD. TT calculates a $7000 tax penalty for timing. I can't correct it.

by on Latest post on by

2 Replies 1365 Views

2 Replies

1365 Views

Roth IRA rollover to precious metals

by on Latest post on by

2 Replies 570 Views

2 Replies

570 Views

Delete feature is not displayed when wanting to delete an uploaded doc

by on Latest post on by

1 Reply 343 Views

1 Reply

343 Views

I have a 1099-R - where do I enter it?

by on Latest post on by

1 Reply 177 Views

1 Reply

177 Views

How to file foreign private retirement fund assets?

by on Latest post on by

5 Replies 1292 Views

5 Replies

1292 Views

Form 8833 and UK pensions

by on Latest post on by

9 Replies 1633 Views

9 Replies

1633 Views

Tax on Social Security

by on Latest post on by

29 Replies 3103 Views

29 Replies

3103 Views

csa 1099r simplplified method worksheet

by on

0 Replies 717 Views

0 Replies

717 Views

Tax code 4D kicking error for RMD and showing a penalty instead of paid annual amount

by on Latest post on by

1 Reply 753 Views

1 Reply

753 Views

1099-R Annuity is asked if it is a 403(b) or other qualified retirement account. Can't update.

by on Latest post on by

1 Reply 545 Views

1 Reply

545 Views

RMD Excess Accumulation Worksheet error

by on Latest post on by

1 Reply 657 Views

1 Reply

657 Views

First year of inherited IRA/retirement pension from my dadwhen I was discussing the distribution with Fidelity. They said that I had to take the RMD for 20

by on Latest post on by

9 Replies 1499 Views

9 Replies

1499 Views

1099-R form with a blank for State distribution

by on Latest post on by

6 Replies 1381 Views

6 Replies

1381 Views

How to file with Excess 401K Contributions

by on Latest post on by

3 Replies 1723 Views

3 Replies

1723 Views

Turbo tax Type of account- IRA should not be selected unless this account is an IRA.

by on Latest post on by

3 Replies 2082 Views

3 Replies

2082 Views

Roth IRA excess contributions for multiple years

by on Latest post on by

14 Replies 5754 Views

14 Replies

5754 Views

As a retired Louisiana state employee, I am exempt from paying state income taxes. Where do I enter this info on my returns?

by on Latest post on by

20 Replies 7087 Views

20 Replies

7087 Views

Amending Previous 5329's in Turbo Tax

by on Latest post on by

1 Reply 18947 Views

1 Reply

18947 Views

Colorado Pension and Annuity Substraction

by on Latest post on by

1 Reply 6785 Views

1 Reply

6785 Views

Backdoor Roth IRA Contributions - 2022 & 2023

by on Latest post on by

11 Replies 8977 Views

11 Replies

8977 Views

How do I check the account and routing number for my tax payment?

by on Latest post on by

1 Reply 1953 Views

1 Reply

1953 Views

Unearned income

by on Latest post on by

1 Reply 779 Views

1 Reply

779 Views

Form 5695

by on Latest post on by

1 Reply 499 Views

1 Reply

499 Views

Medical monthly premium

by on Latest post on by

2 Replies 653 Views

2 Replies

653 Views

I paid a babysitter...

by on Latest post on by

2 Replies 2363 Views

2 Replies

2363 Views

Wifes Simple IRA and Trad to Roth IRA conversion

by on Latest post on by

4 Replies 1611 Views

4 Replies

1611 Views

rental property

by on Latest post on by

4 Replies 1949 Views

4 Replies

1949 Views

Didn't have 8606 for 2 years with nondeductible IRA. What to do now before I can do a backdoor Roth IRA?

by on Latest post on by

1 Reply 1233 Views

1 Reply

1233 Views

Reporting Excess contribution Roth IRA

by on Latest post on by

1 Reply 505 Views

1 Reply

505 Views

TurboTax doubling my IRA contributions

by on Latest post on by

2 Replies 991 Views

2 Replies

991 Views

How do I enter a backdoor Roth IRA conversion, when I am rolling over multiple year's worth of traditional IRA contributions?

by on Latest post on by

2 Replies 910 Views

2 Replies

910 Views

Since the 8915-F Form is now available, I'm trying to figure out what information to fill in about the 1099-R since I only received one in 2020.

by on Latest post on by

2 Replies 696 Views

2 Replies

696 Views

Covid 19 disaster relief

by on Latest post on by

1 Reply 486 Views

1 Reply

486 Views

Excess 401k Deferral for 2019 Tax Year

by on Latest post on by

4 Replies 1306 Views

4 Replies

1306 Views

Confused about roth contributions

by on Latest post on by

2 Replies 884 Views

2 Replies

884 Views

taxes on Traditional 401k conversion to Roth 401k ?

by on Latest post on by

1 Reply 583 Views

1 Reply

583 Views

What is the Federal ID number for the Thrift Savings Plan retirement plan set up for postal employees?

by on Latest post on by

4 Replies 12032 Views

4 Replies

12032 Views

Please help me understand these questions.

by on Latest post on by

1 Reply 373 Views

1 Reply

373 Views

How to report a distribution from a foreign profit sharing plan in TurboTax?

by on Latest post on by

3 Replies 1317 Views

3 Replies

1317 Views

Where to declare distributions from a foreign "profit sharing" plan?

by on Latest post on by

6 Replies 1693 Views

6 Replies

1693 Views

My spouse does not have a social security number.

by on Latest post on by

22 Replies 14863 Views

22 Replies

14863 Views

Can you contribute to a 401K, an IRA and a Roth IRA at the time?

by on Latest post on by

5 Replies 49315 Views

5 Replies

49315 Views

How does the administrator of a IRA report the portion of a RMD that was sent to a qualified charity? What form is used?

by on Latest post on by

2 Replies 844 Views

2 Replies

844 Views

401k withdrawal Cares Act

by on Latest post on by

7 Replies 4020 Views

7 Replies

4020 Views

Filed but IRS is asking for more information

by on Latest post on by

1 Reply 494 Views

1 Reply

494 Views

Rollover of after tax money from 401k to ira and Roth ira

by on Latest post on by

1 Reply 1090 Views

1 Reply

1090 Views

Txes

by on Latest post on by

1 Reply 431 Views

1 Reply

431 Views

Contributing to my IRA after I've filed my taxes

by on Latest post on by

1 Reply 502 Views

1 Reply

502 Views

How is the subtraction of WI retirement benefits on line 11 determined in WI tax state form?

by on Latest post on by

3 Replies 2708 Views

3 Replies

2708 Views

You issued me a 1099 distribution from a retirement account

by on Latest post on by

1 Reply 480 Views

1 Reply

480 Views

Is this allowed: Roth -> Traditional -> Roth? And how to report gain?

by on Latest post on by

2 Replies 1092 Views

2 Replies

1092 Views

Complicated IRA Re-characterization and Conversion spanning 2018 and 2019

by on Latest post on by

1 Reply 543 Views

1 Reply

543 Views

1099R M1 Code...

by on Latest post on by

5 Replies 8393 Views

5 Replies

8393 Views

As a USPHS officer on active duty I am not a member of the armed forces. Will I be missing out on potential qualifying tax benefits as a member of uniformed services?

by on Latest post on by

3 Replies 2151 Views

3 Replies

2151 Views

Is SURS (State University Retirement Systems) traditional or self-managed a 401k? if it is, do I need a 1099 form? where do I get it?

by on Latest post on by

5 Replies 3351 Views

5 Replies

3351 Views

Retirement savings contribution credit showing blank?

by on Latest post on by

2 Replies 1241 Views

2 Replies

1241 Views

I file married fling joint with my husband, he only receives SSDI income, I am the only one with earned income, he has a tax offset. Will my refund be intercepted?

by on Latest post on by

4 Replies 1683 Views

4 Replies

1683 Views

I live in Virginia. I think I can claim up to $12,000 in pension income deductible from my income for Virginia taxes. If that is true, how do I input that in Turbotax?

by on Latest post on by

1 Reply 3410 Views

1 Reply

3410 Views

1099R -DO I HAVE TO PAY TAXS ON MY traditional IRA.

by on Latest post on by

2 Replies 1367 Views

2 Replies

1367 Views

Good morning. Do I check the box for retirement plan withdraw if I took a Home Loan from my 401k that I am paying back through my paychecks?

by on Latest post on by

2 Replies 1201 Views

2 Replies

1201 Views

I have 20+ 1099Rs.How do I get past the 20 limit built into Turbotax to enter them manually in their system since I will be printing/mailing them?

by on Latest post on by

1 Reply 893 Views

1 Reply

893 Views

I have 5 returns to do in my household what turbotax plan do you recommend I purchase

by on Latest post on by

1 Reply 1024 Views

1 Reply

1024 Views

I've always owed about $400 in VA state taxes on retirement income. This year it is zero. Nothing has changed significantly from previous years. What to do?

by on Latest post on by

1 Reply 810 Views

1 Reply

810 Views

If I receive monthly military retirement (ex husband) benefits direct deposited into my ckg acct (from DFAS) what taxable income do I list it under when I file my taxes?

by on Latest post on by

2 Replies 1057 Views

2 Replies

1057 Views

Should I report money borrowed from ira in dec '16 but paid back in Jan '17

by on Latest post on by

1 Reply 1259 Views

1 Reply

1259 Views

I moved my 401K(s) to an IRA last year and filed before I received the 1099-R. It shows the Gross amount and no taxable income. Do I have any need to amend my return?

by on Latest post on by

1 Reply 1279 Views

1 Reply

1279 Views

$60,000 in one check with only my dad's name, but can we say it is from my mom and dad to me and my wife?

by on Latest post on by

7 Replies 2695 Views

7 Replies

2695 Views

I received fellowship support for my first semester (9/17 -12/17). My 1099 forms aren't available until 2/18. Can I amend my return with my 1099 after filing by 1/31?

by on Latest post on by

4 Replies 1958 Views

4 Replies

1958 Views

Firefighter/ safety officer deductions?

by on Latest post on by

2 Replies 4097 Views

2 Replies

4097 Views

I am doing my taxes and i need to report my income w-2 but it is not allowing me to. It says "This type of income is uncommon for people in your situation. "

by on Latest post on by

1 Reply 837 Views

1 Reply

837 Views

The program is telling me to take 25% off the ct teachers retirement it should be 50%

by on Latest post on by

1 Reply 1184 Views

1 Reply

1184 Views

Our taxable joint income slightly exceed 77.4k and I thought I would need an IRA to avoid the 22% bracket, but we're still being taxed at 12%. Any explanations?

by on Latest post on by

2 Replies 1217 Views

2 Replies

1217 Views

I was on fellowship for part of the year but I don't have a W-2 form, and I'm not a PhD candidate, but in the program. How do I get to the correct form to report?

by on Latest post on by

1 Reply 881 Views

1 Reply

881 Views

Mom died in Feb 2019 & I'm doing her 2018 taxes. The question asked online is did I inherit the IRA. I did, but not until last week (March 2019). Should I answer no?

by on Latest post on by

5 Replies 1559 Views

5 Replies

1559 Views

Why did my federal refund decrease by almost $3,000 when I entered my 1099R for just under $13,500?

by on Latest post on by

2 Replies 2031 Views

2 Replies

2031 Views

My son received a UTMA check of $8,000 from his grandfather for H.S. graduation. Does he have to claim as income or file a tax return for this?

by on Latest post on by

1 Reply 1196 Views

1 Reply

1196 Views

Should my ssa-1099 income my listed on my 1040a? after filing I looked and it wasn't there, even though I entered it in the questionnaire.

by on Latest post on by

1 Reply 892 Views

1 Reply

892 Views

Florida Retirement System for a teacher -- How do I answer turbo tax questions about RMD?

by on Latest post on by

1 Reply 1551 Views

1 Reply

1551 Views

If I withdrew my 401k in NV where i lived and earned, Moved to GA and filed there the next year, can GA tax my 401 k from NV

by on Latest post on by

1 Reply 1451 Views

1 Reply

1451 Views

I converted my traditional IRA to a Roth IRA at my bank this year. Can I transfer this to Vanguard "in-kind" this year? Does this break the one rollover per year rule?

by on Latest post on by

7 Replies 2620 Views

7 Replies

2620 Views

How much will I pay in tax this year? I claim 0 with 2500 return. single about 60k a year. taking out 66k this year from my 401k to purchase a new home here in Ca.

by on Latest post on by

1 Reply 1153 Views

1 Reply

1153 Views

Can I make a contribution to my 401k until 4/15 for 2018? I already have my W2. Where do I list it to get credit for the contribution? Will this reduce my taxable income?

by on Latest post on by

1 Reply 1023 Views

1 Reply

1023 Views

I do not qualify for any educational credits because I used my GI Bill Veterans' Benefits, however, Turbo Tax will not let me file stating that I need the form.

by on Latest post on by

1 Reply 1112 Views

1 Reply

1112 Views

Should I attach the 1099-G (this is refunds received for state/local tax returns)?

by on Latest post on by

1 Reply 1301 Views

1 Reply

1301 Views

For some reason my 1099 G went through twice and caused my refund to go down. How do I fix it?

by on Latest post on by

1 Reply 939 Views

1 Reply

939 Views

Line 5b should contain the taxable amount of your pension. Correct?

by on Latest post on by

1 Reply 958 Views

1 Reply

958 Views

1099R from my pension has Gross distribution in box 1, 2a is blank, box 2b is checked. Dist code 7. The dist shows up on my fed return but is $0 on my NY state return.

by on Latest post on by

3 Replies 2010 Views

3 Replies

2010 Views

Where do I add the 1099-R for my pension?

by on Latest post on by

1 Reply 1089 Views

1 Reply

1089 Views

Is a 401k plan considered a "Traditional IRA" for purposes of inclusion on Line 6 of Form 8606?

by on Latest post on by

6 Replies 2891 Views

6 Replies

2891 Views

NYSTXWG is on my W-2, what should this be categorized as?

by on Latest post on by

3 Replies 1769 Views

3 Replies

1769 Views

I have a TSP, can I invest in IRA too ?

by on Latest post on by

1 Reply 1152 Views

1 Reply

1152 Views

What is difference between federal government retirement and civil service retirement in lieu of social security retirement

by on Latest post on by

1 Reply 977 Views

1 Reply

977 Views

If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?

by on Latest post on by

1 Reply 8003 Views

1 Reply

8003 Views

I receive a 1099-R from Teacher Retirement System of Texas but it does not appear as an option when I try to file my 1099-R from them. What am I doing wrong?

by on Latest post on by

1 Reply 1074 Views

1 Reply

1074 Views

I received a 1099 in error, it has my name but not my ssn, can I disregard?

by on Latest post on by

1 Reply 1184 Views

1 Reply

1184 Views

I received found money from my deceased mother. Do I claim it on my income taxes?

by on Latest post on by

1 Reply 1046 Views

1 Reply

1046 Views

Is a normal distribution code 4 on form 1099r for a teamsters pension distributions a rmd distribution

by on Latest post on by

1 Reply 1769 Views

1 Reply

1769 Views

I got a check, my 403-b was terminated. I've not received a 1099-R & need to know a code for box 7? Early distribution no exceptions, I didn't ask for the distribution?

by on Latest post on by

1 Reply 1279 Views

1 Reply

1279 Views

How does one determine the RMD of a non-spousal inherited IRA for the first partial year. There were multiple recipients of the inherited IRA.

by on Latest post on by

3 Replies 2509 Views

3 Replies

2509 Views

I have already filed and just received a 1099R what am I to do now?

by on Latest post on by

1 Reply 1273 Views

1 Reply

1273 Views

I need help regarding the RMD portion. I have a pension plan not a 401K

by on Latest post on by

1 Reply 1027 Views

1 Reply

1027 Views

I should have taken an earned income credit, is it too late?

by on Latest post on by

2 Replies 1325 Views

2 Replies

1325 Views

What percentage tax should i withhold closing an IRA account early on top of the 10% penalty for state of AZ? i have to choose how much to withold they cant advise me.

by on Latest post on by

1 Reply 942 Views

1 Reply

942 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax PLUS Online