Retirement Tax Tips and Answers | TurboTax® Support

TurboTax Online: where are other withholdings?

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10 Replies 3962 Views

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1099-B PDF upload to TT online version

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4 Replies 376 Views

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376 Views

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

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27 Replies 14612 Views

27 Replies

14612 Views

1009-R Box 7 G, but showing as taxable in Federal Review

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5 Replies 443 Views

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RMD taken correctly, but penalty assessed

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73 Replies 7504 Views

73 Replies

7504 Views

How can I get a copy of my 1099-R from State Street Retiree Services for Qwest Communications International, Inc?

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21 Replies 49488 Views

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49488 Views

Inherited IRA

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1 Reply 176 Views

1 Reply

176 Views

WI state and 1099R

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1479 Views

1099R

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On the 1099R entry, where do I report a QCD?

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1766 Views

SSA taxable amount is 9

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2 Replies 471 Views

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471 Views

My 1099-R for my Roth IRA distribution shows the code " T " in box 7. What gives?

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63 Replies 59951 Views

63 Replies

59951 Views

Medicare Deduction from Soc Sec

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15 Replies 15218 Views

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Traditional IRA contributions after Jan 1 increasing Fed tax

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2 Replies 4854 Views

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Form 2210ai Questionnaire Is Ignoring Estimated Payments

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1 Reply 2090 Views

1 Reply

2090 Views

My form is asking for OPM 1099-R state distribution amount (box 16). What is this, my 1099-R does not have a box 16?

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7 Replies 1416 Views

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1099-R Distribution Codes

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2 Replies 1184 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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16 Replies 5292 Views

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401A INPUTS

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I dont understand this questions that asks you on any periodic payments saying did you receive any payments from this retirement account on a regular basis etc-?

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16 Replies 4130 Views

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4130 Views

Does turbotax allow me to use form 1040 instead of 1040SR?

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9 Replies 6107 Views

9 Replies

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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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8 Replies 6387 Views

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6387 Views

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 499 Views

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499 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 1978 Views

8 Replies

1978 Views

Question about Birth and Adoption Early Withdrawal from 401k

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5 Replies 4828 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 6323 Views

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Earning and Loss Calculation for Recharacterization

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3 Replies 17562 Views

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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 8171 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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3186 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 2397 Views

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2397 Views

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

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1 Reply 1690 Views

1 Reply

1690 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 91450 Views

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91450 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 3762 Views

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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 680 Views

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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 3618 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 2999 Views

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

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Massachusetts Taxable IRA distributions

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49 Replies 53543 Views

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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 3920 Views

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3920 Views

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

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1 Reply 675 Views

1 Reply

675 Views

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

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3 Replies 2133 Views

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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 2938 Views

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Entering RMDs for inherited roth IRAs

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1 Reply 1672 Views

1 Reply

1672 Views

How to report Backdoor IRA contribution?

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5 Replies 3028 Views

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1099-R doesn't differentiate contributions and earnings

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1 Reply 2915 Views

1 Reply

2915 Views

Where do i report a 1099 o the form?

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3 Replies 778 Views

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Backdoor Roth IRA conversion not working

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5 Replies 2002 Views

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2002 Views

MA Tax-exempt pension

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25 Replies 8865 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 1484 Views

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1484 Views

Taxing on Monthly Pension Payments

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4 Replies 2960 Views

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2960 Views

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 867 Views

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867 Views

Form 1116 does not result in full Foreign tax credit

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5 Replies 3378 Views

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

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8 Replies 8533 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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Amended 2023 resulting in excess Roth per form 5329

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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 15121 Views

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direct rollover from one eligible account to anothre

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1 Reply 1315 Views

1 Reply

1315 Views

Why does turbo tax say I owe PA state tax on a post tax 401K distribution?

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2 Replies 968 Views

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968 Views

1099-R state tax witholding box 14

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1 Reply 356 Views

1 Reply

356 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6899 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 13280 Views

78 Replies

13280 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 49130 Views

23 Replies

49130 Views

How do you enter a retired clergy housing allowance?

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9 Replies 3512 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 1528 Views

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pension, how to access the simplification worksheet online

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1 Reply 923 Views

1 Reply

923 Views

PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 2050 Views

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2050 Views

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

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8 Replies 3270 Views

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3270 Views

ACI amount

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1 Reply 587 Views

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587 Views

GAINS AND LOSSES

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1 Reply 447 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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2024 Taxes on Inherited Traditional IRA RMD distribution not being calculated in Turbo tax

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

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2 Replies 3229 Views

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Form 8606 prior year basis

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5 Replies 1936 Views

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1936 Views

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

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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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2133 Views

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

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Excess 401K ROTH contribution

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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 3774 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 3962 Views

1 Reply

3962 Views

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

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11 Replies 6834 Views

11 Replies

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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 3571 Views

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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 3971 Views

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Rollover and Pretax payments.

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Excess 401k Contribution and rolled over to IRA account

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3 Replies 3142 Views

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

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Missouri nontaxable retirement income for public school teachers

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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 1733 Views

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1733 Views

Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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4 Replies 10074 Views

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10074 Views

How to correct the 8606 which turbotax did incorrectly?

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11 Replies 1625 Views

11 Replies

1625 Views

Roll excess 529 contribution to another account

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5 Replies 2625 Views

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2625 Views

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 7701 Views

17 Replies

7701 Views

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

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0 Replies 1304 Views

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1304 Views

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 4544 Views

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4544 Views

Where do I enter the tax paid on Rmd

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5 Replies 3023 Views

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3023 Views

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

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1 Reply 407 Views

1 Reply

407 Views

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

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1 Reply 9834 Views

1 Reply

9834 Views

2024 1099-R non qualified distribution glitch

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1 Reply 1175 Views

1 Reply

1175 Views

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

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2 Replies 2772 Views

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401K and ROTH early withdrawal New York State

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1 Reply 1366 Views

1 Reply

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2023/2024 Backdoor Roth Contribution

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Roth IRA Withdrawl of contributions - NJ State Tax Question

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2 Replies 1395 Views

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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 2320 Views

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Backdoor Roth IRA

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4 Replies 768 Views

4 Replies

768 Views

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

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1 Reply 1949 Views

1 Reply

1949 Views

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

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3 Replies 1954 Views

3 Replies

1954 Views

maryland military retirement income exclusion not showing?

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1 Reply 613 Views

1 Reply

613 Views

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

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1 Reply 993 Views

1 Reply

993 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 2708 Views

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2708 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 1193 Views

3 Replies

1193 Views

Where can I find carryover? Can it be zero?

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1 Reply 1705 Views

1 Reply

1705 Views

Entering Social Security information

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1 Reply 344 Views

1 Reply

344 Views

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

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0 Replies 4538 Views

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Does military retirement pay count as a qualified plan?

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spousal ira zero deduction

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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 13631 Views

11 Replies

13631 Views

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

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5 Replies 12652 Views

5 Replies

12652 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 5380 Views

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5380 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 547 Views

3 Replies

547 Views

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

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2 Replies 2154 Views

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SEP IRA contribution is not lowering my net income?

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4 Replies 1821 Views

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1821 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 7468 Views

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

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7 Replies 5699 Views

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5699 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 17441 Views

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17441 Views

HSA tax year correction

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4 Replies 3596 Views

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3596 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 3875 Views

1 Reply

3875 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 2026 Views

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2026 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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Reporting canadian social security benefits

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25 Replies 14607 Views

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14607 Views

Partial Roth conversion of IRA distribution

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5 Replies 4700 Views

5 Replies

4700 Views

TT not ready for 1099-R?

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1 Reply 2271 Views

1 Reply

2271 Views

Social Security

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7 Replies 3292 Views

7 Replies

3292 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 531 Views

1 Reply

531 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 5462 Views

3 Replies

5462 Views

Qualified Distribution- Birth

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1 Reply 2715 Views

1 Reply

2715 Views

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

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3 Replies 7016 Views

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7016 Views

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 1448 Views

5 Replies

1448 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 8611 Views

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PA 401k tax

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1 Reply 664 Views

1 Reply

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Add/Edit Investments and Savings

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3 Replies 3431 Views

3 Replies

3431 Views

How would you like to upload your 1099-INT?

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1 Reply 1024 Views

1 Reply

1024 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 10673 Views

15 Replies

10673 Views

Are company pension plans subject to RMD?

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20 Replies 26458 Views

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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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