Retirement Tax Tips and Answers | TurboTax® Support

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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4 Replies 788 Views

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Question about Birth and Adoption Early Withdrawal from 401k

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

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25 Replies 11725 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 4533 Views

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4533 Views

Earning and Loss Calculation for Recharacterization

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3 Replies 14702 Views

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14702 Views

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

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7 Replies 6323 Views

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

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3 Replies 2113 Views

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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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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 1480 Views

7 Replies

1480 Views

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

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1 Reply 1152 Views

1 Reply

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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 83469 Views

41 Replies

83469 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 2927 Views

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2927 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?

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3 Replies 390 Views

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390 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?

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7 Replies 3023 Views

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3023 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?

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30 Replies 4881 Views

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IRA back door pro data

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8 Replies 2126 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 49568 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 2491 Views

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2491 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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19 Replies 46712 Views

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46712 Views

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

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1 Reply 427 Views

1 Reply

427 Views

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

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3 Replies 1577 Views

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RMD taken correctly, but penalty assessed

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63 Replies 5126 Views

63 Replies

5126 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?

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4 Replies 2277 Views

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Entering RMDs for inherited roth IRAs

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1 Reply 1446 Views

1 Reply

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How to report Backdoor IRA contribution?

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1099-R doesn't differentiate contributions and earnings

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1 Reply 2063 Views

1 Reply

2063 Views

Where do i report a 1099 o the form?

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3 Replies 484 Views

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484 Views

Backdoor Roth IRA conversion not working

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5 Replies 1490 Views

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MA Tax-exempt pension

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25 Replies 7615 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 1146 Views

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TurboTax Online: where are other withholdings?

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7 Replies 2384 Views

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Taxing on Monthly Pension Payments

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4 Replies 2012 Views

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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 475 Views

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Form 1116 does not result in full Foreign tax credit

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5 Replies 2828 Views

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

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8 Replies 7642 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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4 Replies 593 Views

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Amended 2023 resulting in excess Roth per form 5329

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3 Replies 883 Views

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

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direct rollover from one eligible account to anothre

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

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2 Replies 706 Views

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1099-R state tax witholding box 14

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1 Reply 288 Views

1 Reply

288 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6210 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 11895 Views

78 Replies

11895 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 46407 Views

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How do you enter a retired clergy housing allowance?

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9 Replies 2591 Views

9 Replies

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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 1188 Views

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pension, how to access the simplification worksheet online

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1 Reply 620 Views

1 Reply

620 Views

PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 1388 Views

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1388 Views

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

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8 Replies 2549 Views

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ACI amount

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1 Reply 347 Views

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347 Views

GAINS AND LOSSES

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1 Reply 225 Views

1 Reply

225 Views

"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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3 Replies 1486 Views

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

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2 Replies 2449 Views

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Form 8606 prior year basis

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

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3 Replies 1077 Views

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

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7 Replies 1680 Views

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Excess 401K ROTH contribution

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10 Replies 2899 Views

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Social security line 6b

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2 Replies 587 Views

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Turbotax incorrectly include Roth IRA conversion into NJ taxable income

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4 Replies 2637 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 3333 Views

1 Reply

3333 Views

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

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11 Replies 5589 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 2854 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 2502 Views

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Rollover and Pretax payments.

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6 Replies 2786 Views

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Excess 401k Contribution and rolled over to IRA account

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3 Replies 1808 Views

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

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0 Replies 360 Views

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Missouri nontaxable retirement income for public school teachers

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3 Replies 2068 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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14 Replies 3820 Views

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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 1166 Views

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Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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4 Replies 6139 Views

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6139 Views

How to correct the 8606 which turbotax did incorrectly?

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11 Replies 1052 Views

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Roll excess 529 contribution to another account

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5 Replies 1799 Views

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1799 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 6465 Views

17 Replies

6465 Views

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

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0 Replies 1028 Views

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1028 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 4070 Views

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4070 Views

Where do I enter the tax paid on Rmd

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5 Replies 1462 Views

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

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1 Reply 306 Views

1 Reply

306 Views

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

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1 Reply 8436 Views

1 Reply

8436 Views

2024 1099-R non qualified distribution glitch

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1 Reply 962 Views

1 Reply

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

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2 Replies 2455 Views

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401K and ROTH early withdrawal New York State

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1 Reply 1006 Views

1 Reply

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2023/2024 Backdoor Roth Contribution

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2 Replies 802 Views

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Roth IRA Withdrawl of contributions - NJ State Tax Question

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2 Replies 1076 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 1658 Views

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Backdoor Roth IRA

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4 Replies 470 Views

4 Replies

470 Views

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

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1 Reply 1494 Views

1 Reply

1494 Views

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

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3 Replies 1632 Views

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1632 Views

maryland military retirement income exclusion not showing?

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1 Reply 496 Views

1 Reply

496 Views

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

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1 Reply 827 Views

1 Reply

827 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 2049 Views

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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 872 Views

3 Replies

872 Views

Where can I find carryover? Can it be zero?

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1 Reply 1452 Views

1 Reply

1452 Views

Entering Social Security information

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1 Reply 265 Views

1 Reply

265 Views

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

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0 Replies 3695 Views

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3695 Views

Does military retirement pay count as a qualified plan?

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5 Replies 9752 Views

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9752 Views

spousal ira zero deduction

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4 Replies 1431 Views

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1431 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.

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11 Replies 10545 Views

11 Replies

10545 Views

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

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5 Replies 9922 Views

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9922 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 4043 Views

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4043 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 329 Views

3 Replies

329 Views

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

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SEP IRA contribution is not lowering my net income?

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4 Replies 1211 Views

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1211 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 4882 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 4519 Views

7 Replies

4519 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 11962 Views

13 Replies

11962 Views

HSA tax year correction

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4 Replies 2334 Views

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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 3134 Views

1 Reply

3134 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 1466 Views

8 Replies

1466 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 12848 Views

25 Replies

12848 Views

Partial Roth conversion of IRA distribution

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5 Replies 3464 Views

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3464 Views

TT not ready for 1099-R?

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1 Reply 1779 Views

1 Reply

1779 Views

Social Security

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7 Replies 2272 Views

7 Replies

2272 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 427 Views

1 Reply

427 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 3932 Views

3 Replies

3932 Views

Qualified Distribution- Birth

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1 Reply 1389 Views

1 Reply

1389 Views

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

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3 Replies 5828 Views

3 Replies

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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 825 Views

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825 Views

Medicare Deduction from Soc Sec

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5 Replies 6993 Views

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6993 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 7361 Views

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7361 Views

PA 401k tax

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1 Reply 461 Views

1 Reply

461 Views

Add/Edit Investments and Savings

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3 Replies 2415 Views

3 Replies

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How would you like to upload your 1099-INT?

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1 Reply 607 Views

1 Reply

607 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 8583 Views

15 Replies

8583 Views

Are company pension plans subject to RMD?

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20 Replies 24420 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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7 Replies 1628 Views

7 Replies

1628 Views

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

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15 Replies 25130 Views

15 Replies

25130 Views

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

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

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5 Replies 16435 Views

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16435 Views

Are social security benefits taxable for US citizens living abroad?

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9 Replies 7489 Views

9 Replies

7489 Views

Form 5329 (Ineligible Roth)

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7 Replies 8655 Views

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8655 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?

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8 Replies 2455 Views

8 Replies

2455 Views

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

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17 Replies 8670 Views

17 Replies

8670 Views

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

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9 Replies 13705 Views

9 Replies

13705 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.

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18 Replies 19836 Views

18 Replies

19836 Views

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

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4 Replies 95947 Views

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After tax 401k in plan conversion to Roth 401K

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0 Replies 13734 Views

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

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3 Replies 1717 Views

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Filing form 8086 for 2022 during 2023 tax year

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4 Replies 3590 Views

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3590 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?

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3 Replies 1094 Views

3 Replies

1094 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?

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16 Replies 4243 Views

16 Replies

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Do we need to report on our taxes that we moved our IRA money from mutual funds to gold in 2022?

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6 Replies 1350 Views

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1350 Views

Roth

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1 Reply 4899 Views

1 Reply

4899 Views

Do you have a TurboTax Online account?

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