Retirement Tax Tips and Answers | TurboTax® Support

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?

by on Latest post by

8 Replies 6106 Views

8 Replies

6106 Views

How to handle Corrected 2024 SSA-1099

by on

0 Replies 2723 Views

0 Replies

2723 Views

TT asks if I made a contribution to a qualified retirement plan. Is a Roth IRA a qualified retirement account? TT Sucks!

by on Latest post on by

2 Replies 406 Views

2 Replies

406 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?

by on Latest post on by

8 Replies 1672 Views

8 Replies

1672 Views

Question about Birth and Adoption Early Withdrawal from 401k

by on Latest post on by

5 Replies 4258 Views

5 Replies

4258 Views

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

by on Latest post on by

25 Replies 13754 Views

25 Replies

13754 Views

Form 8960 is using my social security benefits to calculate Net Investment Income Tax. Anyone have this problem?

by on Latest post on by

15 Replies 5797 Views

15 Replies

5797 Views

Earning and Loss Calculation for Recharacterization

by on Latest post on by

3 Replies 16808 Views

3 Replies

16808 Views

How do I enter 1099-R Massachusetts state retirement pension which is exempt from state taxes?

by on Latest post on by

7 Replies 7423 Views

7 Replies

7423 Views

PA early withdrawal 401k what to choose and how to determine basis

by on Latest post on by

3 Replies 2942 Views

3 Replies

2942 Views

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.

by on Latest post on by

10 Replies 2871 Views

10 Replies

2871 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.

by on Latest post on by

7 Replies 2131 Views

7 Replies

2131 Views

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

by on Latest post on by

1 Reply 1537 Views

1 Reply

1537 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?

by on Latest post on by

41 Replies 89248 Views

41 Replies

89248 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?

by on Latest post on by

6 Replies 3493 Views

6 Replies

3493 Views

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?

by on Latest post on by

3 Replies 603 Views

3 Replies

603 Views

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?

by on Latest post on by

7 Replies 3364 Views

7 Replies

3364 Views

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?

by on Latest post on by

30 Replies 6139 Views

30 Replies

6139 Views

IRA back door pro data

by on Latest post on by

8 Replies 2721 Views

8 Replies

2721 Views

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

by on Latest post on by

2 Replies 1016 Views

2 Replies

1016 Views

Massachusetts Taxable IRA distributions

by on Latest post on by

49 Replies 52245 Views

49 Replies

52245 Views

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?

by on Latest post on by

4 Replies 3456 Views

4 Replies

3456 Views

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

by on Latest post on by

19 Replies 47750 Views

19 Replies

47750 Views

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

by on Latest post on by

1 Reply 566 Views

1 Reply

566 Views

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

by on Latest post on by

3 Replies 1961 Views

3 Replies

1961 Views

RMD taken correctly, but penalty assessed

by on Latest post on by

63 Replies 6580 Views

63 Replies

6580 Views

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?

by on Latest post on by

4 Replies 2746 Views

4 Replies

2746 Views

Entering RMDs for inherited roth IRAs

by on Latest post on by

1 Reply 1603 Views

1 Reply

1603 Views

How to report Backdoor IRA contribution?

by on Latest post on by

5 Replies 2728 Views

5 Replies

2728 Views

1099-R doesn't differentiate contributions and earnings

by on Latest post on by

1 Reply 2536 Views

1 Reply

2536 Views

Where do i report a 1099 o the form?

by on Latest post on by

3 Replies 670 Views

3 Replies

670 Views

Backdoor Roth IRA conversion not working

by on Latest post on by

5 Replies 1812 Views

5 Replies

1812 Views

MA Tax-exempt pension

by on Latest post on by

25 Replies 8391 Views

25 Replies

8391 Views

"Allowable elective deferrals" on Keogh, SEP and SIMPLE Contribution Worksheet

by on Latest post on by

10 Replies 5934 Views

10 Replies

5934 Views

I deleted the form 6252 and it still shows up during the "check portion" before I e-file

by on Latest post on by

3 Replies 1389 Views

3 Replies

1389 Views

TurboTax Online: where are other withholdings?

by on Latest post on by

7 Replies 3260 Views

7 Replies

3260 Views

Taxing on Monthly Pension Payments

by on Latest post on by

4 Replies 2588 Views

4 Replies

2588 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?

by on Latest post on by

4 Replies 733 Views

4 Replies

733 Views

Form 1116 does not result in full Foreign tax credit

by on Latest post on by

5 Replies 3178 Views

5 Replies

3178 Views

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

by on Latest post on by

8 Replies 8175 Views

8 Replies

8175 Views

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?

by on Latest post on by

4 Replies 868 Views

4 Replies

868 Views

Amended 2023 resulting in excess Roth per form 5329

by on Latest post on by

3 Replies 1121 Views

3 Replies

1121 Views

Do i need to attach a 1099r form to my state return or my federal return

by on Latest post on by

6 Replies 13914 Views

6 Replies

13914 Views

direct rollover from one eligible account to anothre

by on Latest post on by

1 Reply 1237 Views

1 Reply

1237 Views

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

by on Latest post on by

2 Replies 890 Views

2 Replies

890 Views

1099-R state tax witholding box 14

by on Latest post on by

1 Reply 344 Views

1 Reply

344 Views

2024 Backdoor Roth Conversion impacting fed

by on Latest post on by

2 Replies 6736 Views

2 Replies

6736 Views

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?

by on Latest post on by

78 Replies 12901 Views

78 Replies

12901 Views

IRS calculates taxable Social Security benefits differently from TurboTax

by on Latest post on by

23 Replies 47994 Views

23 Replies

47994 Views

How do you enter a retired clergy housing allowance?

by on Latest post on by

9 Replies 3117 Views

9 Replies

3117 Views

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

by on Latest post on by

3 Replies 1356 Views

3 Replies

1356 Views

pension, how to access the simplification worksheet online

by on Latest post on by

1 Reply 874 Views

1 Reply

874 Views

PRIVATE Pension Showing as a Deduction in Missouri

by on Latest post on by

4 Replies 1885 Views

4 Replies

1885 Views

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

by on Latest post on by

8 Replies 3122 Views

8 Replies

3122 Views

ACI amount

by on Latest post on by

1 Reply 550 Views

1 Reply

550 Views

GAINS AND LOSSES

by on Latest post on by

1 Reply 412 Views

1 Reply

412 Views

"Enter Prior Year Roth IRA Contributions" seems to auto-include mega backdoor roth (rollover) amounts. Is that right or wrong?

by on Latest post on by

3 Replies 4054 Views

3 Replies

4054 Views

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

by on Latest post on by

3 Replies 1993 Views

3 Replies

1993 Views

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

by on Latest post on by

2 Replies 3066 Views

2 Replies

3066 Views

Form 8606 prior year basis

by on Latest post on by

5 Replies 1768 Views

5 Replies

1768 Views

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

by on Latest post on by

3 Replies 1481 Views

3 Replies

1481 Views

One of our 1099-R forms has both my name and my husband’s name as recipients. How do I enter It on TT?

by on Latest post on by

5 Replies 1958 Views

5 Replies

1958 Views

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

by on Latest post on by

7 Replies 2520 Views

7 Replies

2520 Views

Excess 401K ROTH contribution

by on Latest post on by

10 Replies 3670 Views

10 Replies

3670 Views

Social security line 6b

by on Latest post on by

2 Replies 757 Views

2 Replies

757 Views

Turbotax incorrectly include Roth IRA conversion into NJ taxable income

by on Latest post on by

4 Replies 3407 Views

4 Replies

3407 Views

1099-R Distribution to be used as startup cost for setting up a Farm Business

by on Latest post on by

1 Reply 3873 Views

1 Reply

3873 Views

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

by on Latest post on by

11 Replies 6344 Views

11 Replies

6344 Views

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?

by on Latest post on by

6 Replies 3215 Views

6 Replies

3215 Views

How enter an RMD for an account where no 1099-R was received as distribution was taken from another account

by on Latest post on by

8 Replies 3121 Views

8 Replies

3121 Views

Rollover and Pretax payments.

by on Latest post on by

6 Replies 3577 Views

6 Replies

3577 Views

Excess 401k Contribution and rolled over to IRA account

by on Latest post on by

3 Replies 2767 Views

3 Replies

2767 Views

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

by on

0 Replies 438 Views

0 Replies

438 Views

Missouri nontaxable retirement income for public school teachers

by on Latest post on by

3 Replies 2307 Views

3 Replies

2307 Views

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

by on Latest post on by

14 Replies 4752 Views

14 Replies

4752 Views

Cash In Lieu Sales Not Reported in 1099-B - What type of term type to use (uncovered, not recd, unknown)

by on Latest post on by

2 Replies 1623 Views

2 Replies

1623 Views

Traditional IRA to backdoor Roth IRA conversion reported as taxable income

by on Latest post on by

4 Replies 9135 Views

4 Replies

9135 Views

How to correct the 8606 which turbotax did incorrectly?

by on Latest post on by

11 Replies 1493 Views

11 Replies

1493 Views

Roll excess 529 contribution to another account

by on Latest post on by

5 Replies 2364 Views

5 Replies

2364 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?

by on Latest post on by

17 Replies 7337 Views

17 Replies

7337 Views

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

by on

0 Replies 1230 Views

0 Replies

1230 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

by on Latest post on by

2 Replies 4292 Views

2 Replies

4292 Views

Where do I enter the tax paid on Rmd

by on Latest post on by

5 Replies 2294 Views

5 Replies

2294 Views

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

by on Latest post on by

1 Reply 381 Views

1 Reply

381 Views

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

by on Latest post on by

1 Reply 9566 Views

1 Reply

9566 Views

2024 1099-R non qualified distribution glitch

by on Latest post on by

1 Reply 1114 Views

1 Reply

1114 Views

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

by on Latest post on by

2 Replies 2679 Views

2 Replies

2679 Views

401K and ROTH early withdrawal New York State

by on Latest post on by

1 Reply 1299 Views

1 Reply

1299 Views

2023/2024 Backdoor Roth Contribution

by on Latest post on by

2 Replies 1059 Views

2 Replies

1059 Views

Roth IRA Withdrawl of contributions - NJ State Tax Question

by on Latest post on by

2 Replies 1322 Views

2 Replies

1322 Views

How do I report additional tax on excess accumulation in qualified retirement plans? (Didn't take RMD from IRA)

by on Latest post on by

8 Replies 2094 Views

8 Replies

2094 Views

Backdoor Roth IRA

by on Latest post on by

4 Replies 654 Views

4 Replies

654 Views

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

by on Latest post on by

1 Reply 1862 Views

1 Reply

1862 Views

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

by on Latest post on by

3 Replies 1898 Views

3 Replies

1898 Views

maryland military retirement income exclusion not showing?

by on Latest post on by

1 Reply 585 Views

1 Reply

585 Views

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

by on Latest post on by

1 Reply 954 Views

1 Reply

954 Views

Catch-Up Contributions to 403(b) in 2024

by on Latest post on by

2 Replies 2547 Views

2 Replies

2547 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?

by on Latest post on by

3 Replies 1105 Views

3 Replies

1105 Views

Where can I find carryover? Can it be zero?

by on Latest post on by

1 Reply 1651 Views

1 Reply

1651 Views

Entering Social Security information

by on Latest post on by

1 Reply 318 Views

1 Reply

318 Views

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

by on

0 Replies 4328 Views

0 Replies

4328 Views

Does military retirement pay count as a qualified plan?

by on Latest post on by

5 Replies 10274 Views

5 Replies

10274 Views

spousal ira zero deduction

by on Latest post on by

4 Replies 2104 Views

4 Replies

2104 Views

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.

by on Latest post on by

11 Replies 11716 Views

11 Replies

11716 Views

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

by on Latest post on by

5 Replies 10823 Views

5 Replies

10823 Views

My wife and I are subject to IRMAA adjustments in addition to the regular Medicare premiums. Are these adjustments deductible?

by on Latest post on by

10 Replies 4937 Views

10 Replies

4937 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

by on Latest post on by

3 Replies 491 Views

3 Replies

491 Views

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

by on Latest post on by

2 Replies 1947 Views

2 Replies

1947 Views

SEP IRA contribution is not lowering my net income?

by on Latest post on by

4 Replies 1588 Views

4 Replies

1588 Views

10% Penalty on Corrective Distribution from Roth IRA

by on Latest post on by

6 Replies 6770 Views

6 Replies

6770 Views

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

by on Latest post on by

7 Replies 5415 Views

7 Replies

5415 Views

I did a 401k rollover to an IRA and TurboTax is showing it as income. Is that accurate?

by on Latest post on by

13 Replies 15059 Views

13 Replies

15059 Views

HSA tax year correction

by on Latest post on by

4 Replies 3269 Views

4 Replies

3269 Views

1. 1099-R (PJ), amendment needed? 2. Check This Entry: IRA Contributions Worksheet: Line 7 - Excess traditional IRA contribution credit

by on Latest post on by

1 Reply 3751 Views

1 Reply

3751 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 ?

by on Latest post on by

8 Replies 1860 Views

8 Replies

1860 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?

by on Latest post on by

4 Replies 1476 Views

4 Replies

1476 Views

Reporting canadian social security benefits

by on Latest post on by

25 Replies 14172 Views

25 Replies

14172 Views

Partial Roth conversion of IRA distribution

by on Latest post on by

5 Replies 4453 Views

5 Replies

4453 Views

TT not ready for 1099-R?

by on Latest post on by

1 Reply 2166 Views

1 Reply

2166 Views

Social Security

by on Latest post on by

7 Replies 2951 Views

7 Replies

2951 Views

IRA distribution listed incorrectly as inherited on my tax form

by on Latest post on by

1 Reply 510 Views

1 Reply

510 Views

What does this mean: Were Any Roth IRAs Open?

by on Latest post on by

3 Replies 4479 Views

3 Replies

4479 Views

Qualified Distribution- Birth

by on Latest post on by

1 Reply 2122 Views

1 Reply

2122 Views

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

by on Latest post on by

3 Replies 6718 Views

3 Replies

6718 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?

by on Latest post on by

5 Replies 1259 Views

5 Replies

1259 Views

Medicare Deduction from Soc Sec

by on Latest post on by

5 Replies 10962 Views

5 Replies

10962 Views

Help: Multiple 1099-R forms and need help with "Tell us the value of your Traditional IRA" page

by on Latest post on by

3 Replies 8343 Views

3 Replies

8343 Views

PA 401k tax

by on Latest post on by

1 Reply 604 Views

1 Reply

604 Views

Add/Edit Investments and Savings

by on Latest post on by

3 Replies 3084 Views

3 Replies

3084 Views

How would you like to upload your 1099-INT?

by on Latest post on by

1 Reply 920 Views

1 Reply

920 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?

by on Latest post on by

15 Replies 9611 Views

15 Replies

9611 Views

Are company pension plans subject to RMD?

by on Latest post on by

20 Replies 25441 Views

20 Replies

25441 Views

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?

by on Latest post on by

7 Replies 2214 Views

7 Replies

2214 Views

Backdoor Roth "conversion" on money already contributed directly to Roth IRA

by on Latest post on by

15 Replies 27597 Views

15 Replies

27597 Views

2024 Excess Contributions Backdoor Roth (I Had Zero Earned Income)

by on

0 Replies 33277 Views

0 Replies

33277 Views

To calculate my MAGI, do i need to add 401k contributions back into my AGI?

by on Latest post on by

5 Replies 18170 Views

5 Replies

18170 Views

Are social security benefits taxable for US citizens living abroad?

by on Latest post on by

9 Replies 8764 Views

9 Replies

8764 Views

Form 5329 (Ineligible Roth)

by on Latest post on by

7 Replies 9254 Views

7 Replies

9254 Views

Where do I enter a bank interest penalty for early withdrawal of savings? Can I just deduct this penalty from my interest earned from same bank?

by on Latest post on by

8 Replies 2863 Views

8 Replies

2863 Views

Can i reduce my taxable pension by cost of the medical insurance being deducted from my paychecks?

by on Latest post on by

17 Replies 10027 Views

17 Replies

10027 Views

How can I make a copy of tax return without social security number printed

by on Latest post on by

9 Replies 14837 Views

9 Replies

14837 Views

While reviewing my 1040 form, line 25c shows federal income tax withheld from "other forms". I cannot figure out where this came from. Please help.

by on Latest post on by

18 Replies 22995 Views

18 Replies

22995 Views

How to enter a back-door Roth with a balance already in the IRA

by on Latest post on by

4 Replies 96866 Views

4 Replies

96866 Views

After tax 401k in plan conversion to Roth 401K

by on

0 Replies 14103 Views

0 Replies

14103 Views

Form 8959 and 1040 show different W2 amounts - employer overwithheld medicare tax

by on Latest post on by

3 Replies 2005 Views

3 Replies

2005 Views

Filing form 8086 for 2022 during 2023 tax year

by on Latest post on by

4 Replies 3844 Views

4 Replies

3844 Views

I'm entering my 11-character Document ID into the field, but I keep getting error message "Please enter the 11-character Document ID without spaces from your Form 1099?

by on Latest post on by

3 Replies 1304 Views

3 Replies

1304 Views

For Roth Conversion handling by Alabama, The TT screen "Some or All of Your Distribution is Taxable" has two boxes with a big "OR" in between. Why does TT fill both?

by on Latest post on by

16 Replies 5290 Views

16 Replies

5290 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier Online