Retirement Tax Tips and Answers | TurboTax® Support

Since my 1099-B has more than 3000 transactions from Motif Investing, TT cannot import it and tells me to mail in 8453 form with 1099-B. But the 1099-B is 326 pages long.

by on Latest post on by

18 Replies 6607 Views

18 Replies

6607 Views

Is form 8959 going to be corrected? TT is calculating and adding additional medicare tax that has already been withheld per my W2. This is causing me to owe more tax.

by on Latest post on by

12 Replies 8203 Views

12 Replies

8203 Views

We had too much Medicare tax withheld and TT calculates it correctly on Line 24 of Form 8959 but it doesn't pass through to Line 16 of my 1040. Why not?

by on Latest post on by

36 Replies 11995 Views

36 Replies

11995 Views

How do I report a Canadian NR4 with income codes 26 and 27 for 2018 and where does the NR Tax Withheld show up on the worksheet?

by on Latest post on by

6 Replies 6223 Views

6 Replies

6223 Views

On form 1099-DIV why do I pay taxes on the sum of 1a, 1b, and 2b? I never received this money yet it was reinvested.

by on Latest post on by

5 Replies 2173 Views

5 Replies

2173 Views

How do you enter tuition remission (over $5,250) that is non-taxable as a fringe benefit?

by on Latest post on by

11 Replies 4905 Views

11 Replies

4905 Views

Inherited IRA from parent. Know how to calculate from bases of estate. I need to know how to enter into TT. There is a tax benefit I can claim. Hope this made sense.

by on Latest post on by

9 Replies 3836 Views

9 Replies

3836 Views

Federal taxes on California paid family leave 1099-G. Can I deduct SDI payments made to California from 1099-G payment?

by on Latest post on by

5 Replies 3885 Views

5 Replies

3885 Views

MAGI for Roth contribution

by on Latest post on by

1 Reply 857 Views

1 Reply

857 Views

Do I need to provide proof of higher education expenses that were paid from an early withdrawal from an IRA? Can I count off campus housing as an expense?

by on Latest post on by

6 Replies 4838 Views

6 Replies

4838 Views

Unexpected outcome when trying to amend my 2016 tax return

by on Latest post on by

2 Replies 1376 Views

2 Replies

1376 Views

Non-employee Compensation on 1099-MISC not business income

by on Latest post on by

1 Reply 749 Views

1 Reply

749 Views

401k rollover to Simple IRA.

by on Latest post on by

1 Reply 1149 Views

1 Reply

1149 Views

How are Social Security and Medicare tax withheld used to calculate the federal taxable income?

by on Latest post on by

6 Replies 3822 Views

6 Replies

3822 Views

I filed my PA state tax returns through Turbotax and I owed $1307 to the state. But my retirement annuities are non taxable in the state of PA. Should I amend?

by on Latest post on by

3 Replies 1783 Views

3 Replies

1783 Views

My gain in 2018 IRA was $27,000 but I didn’t work in 2018 and this year. Please let me know I am illegible make a legal contribution in 2019 without penalty Best R

by on Latest post on by

4 Replies 2581 Views

4 Replies

2581 Views

How can I calculate Mass traditional IRA non deductible contributions when I only have records back to 2003 but have contributions in prior years?

by on Latest post on by

1 Reply 880 Views

1 Reply

880 Views

What tax forms should I fill for a return on excess contribution to my 401k? Should I report in “Miscellaneous Income section or Retirement Plans and Social Security”?

by on Latest post on by

4 Replies 2743 Views

4 Replies

2743 Views

I contributed and then performed a backdoor Roth in Feb '18 for '17 tax year. My broker will not give a 1099. How do I report my '17 tax year backdoor Roth w/o a 1099?

by on Latest post on by

9 Replies 7632 Views

9 Replies

7632 Views

I retired from New Jersey to North Carolina August 1, 2017. To which state do I report Federal retirement income?

by on Latest post on by

1 Reply 1620 Views

1 Reply

1620 Views

How do I avoid paying additional tax for converting from Traditional to Roth IRA if rollover from pretax 401K to Tra IRA occurred after the conversion both in 2017?

by on Latest post on by

5 Replies 2358 Views

5 Replies

2358 Views

How to handle a Roth recharacterization that transferred too much back to the Traditional IRA?

by on Latest post on by

4 Replies 2426 Views

4 Replies

2426 Views

1099 dividends and distributions. I copied return from last year. But I do not see that the mutual funds have transferred over. Do I have to enter them all in again?

by on Latest post on by

3 Replies 1441 Views

3 Replies

1441 Views

CP2000 in regard to missing 1099-R report for Roth IRA excess contribution

by on Latest post on by

1 Reply 1378 Views

1 Reply

1378 Views

I'm retired with no W-2's. I pay estimated State taxes. Where do I enter my SALT information on my Federal return (for the last time)? Thanks.

by on Latest post on by

1 Reply 1170 Views

1 Reply

1170 Views

I have a 1099 made out to me, but I reported it on a business return. I have to enter it on my 1040..where do I deduct the amount so that the net effect is neutral?

by on Latest post on by

2 Replies 1156 Views

2 Replies

1156 Views

Accidentally I deposited extra amount onto my wife's IRA account. Can I withdraw that without paying any penalty? Instead of single 1500$, I deposited double 1500$

by on Latest post on by

1 Reply 2666 Views

1 Reply

2666 Views

Is there a reason that every time I return to my Turbo Tax for 2016, the dates I had entered on the Oregon Info Worksheet Part VI for Federal Pension Service are missing?

by on Latest post on by

2 Replies 1042 Views

2 Replies

1042 Views

Backdoor Roth. Do I report a 2016-R for non-deductible IRA that I created in Jan 2016 for 2015 year on my 2016 return even though I reported it on my 2015 return?

by on Latest post on by

2 Replies 1146 Views

2 Replies

1146 Views

Why did my husband’s ex-employer not deduct social security from RSU’s granted in 2016, deducted only income tax. He has not maxed out on his social security taxes.

by on Latest post on by

1 Reply 1058 Views

1 Reply

1058 Views

1099-R I've entered the 1099-R's but they are not flowing into my 1040, so the tax owed is under what it should be

by on Latest post on by

4 Replies 1847 Views

4 Replies

1847 Views

Do I need to include the amount in box 12 code p from my W-2 into the TT software if my reimbursement was 100%?

by on Latest post on by

4 Replies 3838 Views

4 Replies

3838 Views

Is the public employees retirement pension received from Mississippi taxable for a person living in Ma on the Ma State tax return

by on Latest post on by

1 Reply 1072 Views

1 Reply

1072 Views

How to input IRA contributions and backdoor roth that is made in 2018 but for 2017 ?

by on Latest post on by

7 Replies 2982 Views

7 Replies

2982 Views

I received a k-1form1065 from a 401k investment. Do I need to record this in 2018 tax return? Thanks.

by on Latest post on by

1 Reply 887 Views

1 Reply

887 Views

1099 S from the sale of the an inherited house in MA. I live in MD. When I entered the 1099 S the MA state download popped up. Will I have to submit a tax form to MA?

by on Latest post on by

1 Reply 955 Views

1 Reply

955 Views

Do I report a RMD for a traditional pension and three annuities that all have fixed annual amounts taken in monthly installments?

by on Latest post on by

3 Replies 1996 Views

3 Replies

1996 Views

1099-R with code 3 in box 7 for a disability pension at an age younger than the minimum work retirement age......

by on Latest post on by

1 Reply 3629 Views

1 Reply

3629 Views

I need to file 1099R forms for both myself and my wife on our joint return. Unfortunately, Turbotax immediately puts my name on both 1099R forms.

by on Latest post on by

1 Reply 1181 Views

1 Reply

1181 Views

Form 1099-R retirement

by on Latest post on by

1 Reply 1080 Views

1 Reply

1080 Views

Can I withdraw an IRA contribution I make on my 2018 tax return in 2019? I am 66 years old and already taking some distributions from my IRA.

by on Latest post on by

1 Reply 900 Views

1 Reply

900 Views

I'm ready to file, but line 10, taxable income, is $3,099 Line 11 Tax = $0. I checked IRS tax tables, shows from $3,050 - $3,100 TAX is $308, could you please explain.

by on Latest post on by

3 Replies 1291 Views

3 Replies

1291 Views

Why do I owe a penalty for Excess contribution to Roth IRA when it was aconversion from a Traditional IRA to a Roth IRA?

by on Latest post on by

2 Replies 1922 Views

2 Replies

1922 Views

Mutual fund legal settlement distribution shows up on 1099B, where to report this?

by on Latest post on by

1 Reply 1311 Views

1 Reply

1311 Views

Are "W-2 other compensation" eligible IRA contributions? I retired fr the City. All City retirees receive $350 monthly less FICA. City sends W2 $4,200 "other comp" yearly

by on Latest post on by

1 Reply 1083 Views

1 Reply

1083 Views

I received a 1099R from my insurance company. Do I state it was an RMD?

by on Latest post on by

4 Replies 3488 Views

4 Replies

3488 Views

How do I correct a failure to file a 2014 1099-R reporting a Roth distribution correcting an excess 2013 Roth contribution? I'm on my 2016 taxes now?

by on Latest post on by

3 Replies 1478 Views

3 Replies

1478 Views

My husband retired in July 2016, his shares were sold back to the company per policy. Do we need to file a K1 for the first 6 months?

by on Latest post on by

1 Reply 1035 Views

1 Reply

1035 Views

In a year in which an RMD is taken, can a proportion(RMD value/total value) of the asset based fees for the 401k be taken as an investment expense?

by on Latest post on by

9 Replies 3169 Views

9 Replies

3169 Views

Can a married couple with both partners working (or recieving a pension) cover their total tax withholding requirement on only one partners job?

by on Latest post on by

1 Reply 1090 Views

1 Reply

1090 Views

Are the yearly 401-a distibutions my retired (school teacher) wife has been getting for years considered RMDs or does it even matter?

by on Latest post on by

1 Reply 1301 Views

1 Reply

1301 Views

If I receive gift from of, say, $100,000 from a trust for a deceased, do I have to pay tax on it?

by on Latest post on by

3 Replies 2325 Views

3 Replies

2325 Views

Reduce 2018 AGI by returning all SSA benifits?

by on Latest post on by

3 Replies 2179 Views

3 Replies

2179 Views

How do I enter my roth conversion when i did not receive a 1099r because the conversion was made in the next year, but before the deadline?

by on Latest post on by

1 Reply 940 Views

1 Reply

940 Views

T-IRA to Roth conversion prompting me to explain excess contribution?

by on Latest post on by

6 Replies 2890 Views

6 Replies

2890 Views

Is there anything I need to do for my SEP-IRA account since I didn’t have any self employed income in 2018 and also may not have any in the next a few years?

by on Latest post on by

1 Reply 1016 Views

1 Reply

1016 Views

Form 1099-R shows my early withdrawal and my regular withdrawal, but Turbo Tax tells me the entire amount is early withdrawal. How do I get around this?

by on Latest post on by

1 Reply 1070 Views

1 Reply

1070 Views

I am rolling over a 401K disbursement delivered to me by a check, within 60 days. I have no other income. Do I have to file a 1040A, a 1040EZ, or nothing?

by on Latest post on by

5 Replies 3450 Views

5 Replies

3450 Views

If the basis of a non-deductible IRA is sufficient, can a distribution be fully non-taxable on F8606 or is it always partially taxed until basis is zero?

by on Latest post on by

1 Reply 1208 Views

1 Reply

1208 Views

What can I do to bring forward the taxable amount from a 1099R instead of the entire amount?

by on Latest post on by

1 Reply 1048 Views

1 Reply

1048 Views

My w-2 box 20 says "VDI P,P #" and box 19 doesn't have a $ amount, it has "#247-62314" - what does this mean? I cannot enter a "#" in turbo tax

by on Latest post on by

3 Replies 3895 Views

3 Replies

3895 Views

If I have a pension from State of Florida, and am currently a resident of Alabama, is this pension taxable on Alabama state return?

by on Latest post on by

1 Reply 1048 Views

1 Reply

1048 Views

I made excess contributions to my 401K (job change). How do I account for this? Add the excess back to the income from second employer? No 1099-R form received.

by on Latest post on by

1 Reply 1344 Views

1 Reply

1344 Views

Do i enter 5500 or 0 for trad ira cost basis? i did not submit form 8606 in 2014 and i added 5500 this year to ira. contributed twice (2014 and 18). will send 14' 8606.

by on Latest post on by

3 Replies 1367 Views

3 Replies

1367 Views

Where/how do I enter data from a form 1099-Q?

by on Latest post on by

1 Reply 905 Views

1 Reply

905 Views

My Pension 1099-R from NJ does not include boxes past 13. I live in SC. No taxes were taken out. Is this taxable in SC?

by on Latest post on by

2 Replies 1629 Views

2 Replies

1629 Views

RMD entry on turbotax

by on Latest post on by

1 Reply 1457 Views

1 Reply

1457 Views

My employer checked box 13, Ret. Plan, even though I made no contributions in 2018. My traditional IRA contributions are not tax-deductible now. How should I proceed?

by on Latest post on by

8 Replies 6169 Views

8 Replies

6169 Views

Do I have to claim my wife’s $3900 on our taxes?

by on Latest post on by

1 Reply 1146 Views

1 Reply

1146 Views

Do I need to report on 2017 return or amend 2016 return if I recharacterized a Roth contribution made in March 2016 to a traditional IRA in Feb 2017?More details below.

by on Latest post on by

8 Replies 5558 Views

8 Replies

5558 Views

My 1099-R box 15 includes premiums withheld for Health Benefits and Dental/Vision; in Turbo Tax, box 15 = Local Tax information. Where do I enter health premium data?

by on Latest post on by

1 Reply 1479 Views

1 Reply

1479 Views

How do you find a 1099R plan cost at annuity starting dae when it started in 2009

by on Latest post on by

1 Reply 1865 Views

1 Reply

1865 Views

How do i add a traditional IRA ($5500) i opened years ago but did not report on taxes? i make too much, so no deduction

by on Latest post on by

1 Reply 1104 Views

1 Reply

1104 Views

In 2015 I made an after-tax contribution to Trad IRA. In Jan of 2016 I recharaized that contribution to Roth IRA. Now I have a 2016 taxable withdrawal from my Trad IRA.

by on Latest post on by

9 Replies 2600 Views

9 Replies

2600 Views

I received a 1042-S with income code 15, exemption code (chapter 3) 04. I am looking for information on where to enter this information in TT.

by on Latest post on by

17 Replies 17523 Views

17 Replies

17523 Views

Everything I read about MLP’s, they shouldn’t be bought in an IRA/Roth because UBT of $1,000 causes problems. I got a K-1 in my IRA with a $1000 UBT.

by on Latest post on by

1 Reply 1396 Views

1 Reply

1396 Views

W-2G Summary Elective deferrals - SP $37K is more than the allowed $18500 for a 401k plan. The program is wrong because W-2G summary - 12a is D + 12a is E respectively.

by on Latest post on by

3 Replies 1657 Views

3 Replies

1657 Views

TurboTax wants a W2 state and zip code but I have none (retired) and won't let me submit without it. How do I proceed?

by on Latest post on by

1 Reply 1040 Views

1 Reply

1040 Views

I used funds from a Roth IRA to build a home. It was not my first home. Can I claim it on my taxes?

by on Latest post on by

1 Reply 1067 Views

1 Reply

1067 Views

Why is the taxable amount in my 1099r 2a not reflected in my 1040 4b?

by on Latest post on by

3 Replies 1579 Views

3 Replies

1579 Views

Can I enter more than 20 1099-Rs? I have 24 1099-R forms, only 20 were imported, seems to be a limit.

by on Latest post on by

4 Replies 2077 Views

4 Replies

2077 Views

Conversion from traditional IRA to Roth IRA where traditional IRA contained contributions from more than one year ago.

by on Latest post on by

4 Replies 2254 Views

4 Replies

2254 Views

I made Traditional IRA & Roth IRA contributions in 2016. I exceeded income limits for that year. Both values become basis carryover as of 12/31/2018. What should I do?

by on Latest post on by

6 Replies 2622 Views

6 Replies

2622 Views

Just received a check from Fidelity on the 401k over payment for 2018. Didn't receive any other paper with regards to the overpayment. How do I proceed now?

by on Latest post on by

1 Reply 1511 Views

1 Reply

1511 Views

Minimum retirement age for a disability retirement pension

by on Latest post on by

1 Reply 1781 Views

1 Reply

1781 Views

Does rollover from 403b to IRA-Roth need to go through a traditional IRA? Do new tax laws make pro-rata rule irrelevant in this instance?

by on Latest post on by

1 Reply 1203 Views

1 Reply

1203 Views

I have $1300 in pension and $600 in interest and dividend. No W2, If I make an IRA contribution my federal tax owed goes up, why

by on Latest post on by

2 Replies 1355 Views

2 Replies

1355 Views

Can I contribute to my traditional IRA for 2018, after having done an excess removal from my Roth IRA for 2018?

by on Latest post on by

1 Reply 830 Views

1 Reply

830 Views

Traditional IRA rules

by on Latest post on by

1 Reply 1649 Views

1 Reply

1649 Views

How do I document a Roth conversion/recharacterization that may have been incorrectly reported on 2017 tax return?

by on Latest post on by

1 Reply 984 Views

1 Reply

984 Views

How to roll over 401k to IRA? No option for conversion to IRA. Change will not save. Reverts back to taking distribution and recording as ordinary income.

by on Latest post on by

7 Replies 2757 Views

7 Replies

2757 Views

Do I need to report 1099-R distributions on my 2017 return when the taxable amount in box 2a is $0?

by on Latest post on by

1 Reply 999 Views

1 Reply

999 Views

Medicare Wavier Payments Taxable?

by on Latest post on by

1 Reply 1954 Views

1 Reply

1954 Views

I have k-1 income and 401(k) contributions above the box 13 code R limit. How do I get the full deduction on line 28 of the 1040?

by on Latest post on by

11 Replies 4272 Views

11 Replies

4272 Views

1099-ltc payout-in-lieu Reimbursed

by on Latest post on by

2 Replies 1741 Views

2 Replies

1741 Views

How do I report a Converted IRA - Traditional opened 10 years ago, converted to ROTH in 2018. Haven't received any 1099-R. It’s neither a withdrawal nor contribution!

by on Latest post on by

10 Replies 3712 Views

10 Replies

3712 Views

Why does the 1099r section ask what I did did with Retirement $$, whether I moved it to another acct or cashed it out? I do have it deposited directly. This new 2 me.

by on Latest post on by

2 Replies 1107 Views

2 Replies

1107 Views

I opened an inherited IRA account just long enough to receive the funds and cash out the account. What are the tax ramifications of doing so?

by on Latest post on by

8 Replies 2424 Views

8 Replies

2424 Views

How do I enter an IRA Rollover which was fully distributed from one bank and rolled over into a different bank within the 60 day period?

by on Latest post on by

1 Reply 1203 Views

1 Reply

1203 Views

Why does Turbo Tax use the higher gross amount rather than the lower taxable amount on my Civil Service 1099R?

by on Latest post on by

2 Replies 1311 Views

2 Replies

1311 Views

Wife is retired,I am still working. I'm covered by 401k which I contribute to. Is deductible IRA contribution avail for wife? Married filing jointly, MAGI of $129,903.Tks

by on Latest post on by

3 Replies 1522 Views

3 Replies

1522 Views

I worked in Oregon, but live in Washington State. I had to sell part of my IRA from home in Washington, there for the IRA isn’t subject to Oregon Tax, how do I fix this?

by on Latest post on by

1 Reply 956 Views

1 Reply

956 Views

How do I indicate that a qualified HSA funding distribution is for the prior year? Where can I check that it is being treated correctly?

by on Latest post on by

3 Replies 1908 Views

3 Replies

1908 Views

If 10 years ago I contributed too much to my ira and subsquesntly removed it, do I answer yes or no in turbotax to "Any excess IRA contributions prior to 2017?"

by on Latest post on by

1 Reply 911 Views

1 Reply

911 Views

Past 4 years of Roth IRA excess contributions. Thought my account was a traditional IRA and filed taxes with 3 of the 4 taking the deduction. How to handle?

by on Latest post on by

2 Replies 1112 Views

2 Replies

1112 Views

Is a distribution from an inherited IRA considered investment income for purposes of EITC?

by on Latest post on by

11 Replies 5536 Views

11 Replies

5536 Views

I took money from an IRA in 2018 and I know I pay an early withdrawal penalty. Where can I see that amount in TurboTax?

by on Latest post on by

1 Reply 877 Views

1 Reply

877 Views

Turbotax claims excess contribution to a non-governmental 457b plan, blocks file. Gave 37000 catch-up contribution for year before retirement to my GOVERMENTAL 457b.

by on Latest post on by

2 Replies 1691 Views

2 Replies

1691 Views

I did not take the RMD's for 2011-2017. I am asking for a waiver on all penalty taxes, due to reasonable error. Do I file these forms with my 1040 for 2018 or separately?

by on Latest post on by

5 Replies 2308 Views

5 Replies

2308 Views

Excess 401k contribution 2018, tried to report as Miscellaneous Income but still can't efile

by on Latest post on by

1 Reply 982 Views

1 Reply

982 Views

Roth Excess Contribution in 2018 - Returned in 2019 with taxes withheld. Do I need to report in 2019 AND amend my 2018 returns later?

by on Latest post on by

3 Replies 2023 Views

3 Replies

2023 Views

I withdrew money from my E Trade Roth IRA, contributions only, not earnings. However when I put that information into Turbo Tax it cuts my refund in half.

by on Latest post on by

3 Replies 3620 Views

3 Replies

3620 Views

If the younger spouse has the 401K, does the RMD caluation refer to his birthdate (701/2 year)? Even if filling jointly?

by on Latest post on by

1 Reply 1323 Views

1 Reply

1323 Views

As a retired individual (66) my income is Social Security and two pensions. Is it possible to annually "recharacterize" a portion of my IRA ($6500) as a Roth IRA?

by on Latest post on by

2 Replies 1082 Views

2 Replies

1082 Views

Made contributions to IRA before 4/18/17 for 2016 to an IRA account Bank in Ga. my residency is Ohio. Do I Have to file GA tax return?

by on Latest post on by

1 Reply 934 Views

1 Reply

934 Views

I transferred money from my "inherited" Tsp, was my wife. I used the option to transfer if to my roth IRA. My 1099-r says I owe no taxes. when do I need to pay taxes?

by on Latest post on by

8 Replies 2972 Views

8 Replies

2972 Views

Friend took early 401K w/drawal of $10,000 in 9/16. She makes $24,000 before that w/draw. Turbo decreased her fed + state return by $5800. Is that a correct calculation?

by on Latest post on by

8 Replies 4848 Views

8 Replies

4848 Views

Do I need to report interest earned in an employee provident fund (India) in US Tax Return? It's a retirement pension plan account and I can't withdraw money from it.

by on Latest post on by

1 Reply 2992 Views

1 Reply

2992 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier Mac