Retirement Tax Tips and Answers | TurboTax® Support

Past Contribution to Roth IRA

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2 Replies 50 Views

2 Replies

50 Views

Missed RMD Where IRA Owner and Spouse Beneficiary Both Passed Away in Same Year

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14 Replies 588 Views

14 Replies

588 Views

What/how do I report a removal of excess Roth IRA contribution made in 2018?

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172 Replies 15977 Views

172 Replies

15977 Views

IRA RMD

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4 Replies 267 Views

4 Replies

267 Views

Why is an excess IRA contribution decreasing the taxable portion of IRA distributions?

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6 Replies 307 Views

6 Replies

307 Views

Closing my Roth IRA Account

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3 Replies 163 Views

3 Replies

163 Views

Inconsistent IRA deduction in What-If worksheet

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1 Reply 119 Views

1 Reply

119 Views

Trust as an IRA Beneficiary

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4 Replies 200 Views

4 Replies

200 Views

Quarterly estimated taxes on IRA conversions to Roth Ira

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17 Replies 2112 Views

17 Replies

2112 Views

1099R

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7 Replies 725 Views

7 Replies

725 Views

Excess roth IRA contribution earnings

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1 Reply 64 Views

1 Reply

64 Views

form 1099R,

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1 Reply 52 Views

1 Reply

52 Views

Roth 401k to Roth IRA, can I do $6000 Backdoor Roth the same year?

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4 Replies 154 Views

4 Replies

154 Views

Form 1099-R

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1 Reply 41 Views

1 Reply

41 Views

My IRA contribution should be nondeductible (AGI/MAGI higher than limit). Why doesn't TT calculate this? How do I fix it?

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1 Reply 48 Views

1 Reply

48 Views

When do i take first RMD from my IRA, I turn 72 on August 2021

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3 Replies 210 Views

3 Replies

210 Views

How to enter excess traditional IRA contribution rolled over to Roth

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8 Replies 217 Views

8 Replies

217 Views

Roth IRA excess contribution

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7 Replies 416 Views

7 Replies

416 Views

taxing of IRA capital gains

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2 Replies 80 Views

2 Replies

80 Views

Traditional to Roth IRA conversion form 1099-R

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1 Reply 53 Views

1 Reply

53 Views

I thought I had created an IRA account come to find out it's not one.

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3 Replies 80 Views

3 Replies

80 Views

Did backdoor Roth IRA, but didn't receive 1099-R form

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11 Replies 3897 Views

11 Replies

3897 Views

Complex Backdoor Roth IRA with "on-time" contribution, but "late" recharacterization and conversion

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2 Replies 92 Views

2 Replies

92 Views

(How) do I report sale of stock from within an Inherited IRA?

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2 Replies 131 Views

2 Replies

131 Views

IRA Information Worksheet Part IV Line 19

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1 Reply 38 Views

1 Reply

38 Views

1099-R for RMD's IRA/SEP box is checked

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2 Replies 97 Views

2 Replies

97 Views

1099R Import Amounts incomplete

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1 Reply 40 Views

1 Reply

40 Views

RMD automatically transferred to my Roth

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1 Reply 51 Views

1 Reply

51 Views

Can't contribute to IRA because had employer retirement account?

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3 Replies 137 Views

3 Replies

137 Views

Backdoor Roth conversion seems to overtax us, but I am not confident I'm thinking clearly

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4 Replies 118 Views

4 Replies

118 Views

traditional ira excess contribution penalty error

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8 Replies 266 Views

8 Replies

266 Views

Form 8606 Line 4 is blank (backdoor roth)

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10 Replies 255 Views

10 Replies

255 Views

Roth contribution in error

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1 Reply 109 Views

1 Reply

109 Views

Can I attach a letter from Fidelity that I got after the recharacterization of traditional IRA contribution to Roth IRA contribution?

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1 Reply 45 Views

1 Reply

45 Views

Non-deductible IRA converted to Roth IRA

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1 Reply 58 Views

1 Reply

58 Views

IRA RMD age 74 for 2021

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1 Reply 105 Views

1 Reply

105 Views

1099-R Shows Total Distribution, but doesn't show RMD amount

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2 Replies 147 Views

2 Replies

147 Views

1099-R and Form 5498

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70 Replies 7588 Views

70 Replies

7588 Views

Trad IRA Dist can I repay to a Roth w/o penalties?

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2 Replies 140 Views

2 Replies

140 Views

Traditional IRA contribution and backdoor conversion

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3 Replies 160 Views

3 Replies

160 Views

Is my RMD QCD taxable if I also make an IRA contribution?

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7 Replies 420 Views

7 Replies

420 Views

Roth IRA - 2020 contribution recharacterized and converted in 2021 + backdoor, 1099-R received in 2022

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4 Replies 82496 Views

4 Replies

82496 Views

Roth IRA Prior Contributions

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1 Reply 66 Views

1 Reply

66 Views

IRA Distribution

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11 Replies 1507 Views

11 Replies

1507 Views

Type of Earned Income for Roth IRA

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1 Reply 118 Views

1 Reply

118 Views

ROTH IRA Excess Contribution: Carry Forward

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4 Replies 423 Views

4 Replies

423 Views

Accidentally withdrew from IRA account

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2 Replies 205 Views

2 Replies

205 Views

Late HCE Excess ADP/ACP

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1 Reply 96 Views

1 Reply

96 Views

Excess contribution to Roth IRA tax

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1 Reply 63 Views

1 Reply

63 Views

Roth IRA

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38 Replies 1314 Views

38 Replies

1314 Views

Reporting the recharacterization of excess Roth IRA contributions

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12 Replies 1918 Views

12 Replies

1918 Views

Deduct Penalty for early IRA distribution - (CD) for medical reasons

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1 Reply 52 Views

1 Reply

52 Views

Backdoor Roth IRA - Error with 2020 tax return or Incorrect 1099-R Form?

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1 Reply 71 Views

1 Reply

71 Views

Required Minimum Distribution

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4 Replies 830 Views

4 Replies

830 Views

Paying taxes on the second third of an IRA distribution (COVID-related)

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1 Reply 62 Views

1 Reply

62 Views

1099r not given.where cn enter mrd info on turbotax?

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1 Reply 46 Views

1 Reply

46 Views

Calculating the non-taxable portion of an RMD

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3 Replies 398 Views

3 Replies

398 Views

Excess contribution to Roth IRA for 2014

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1 Reply 74 Views

1 Reply

74 Views

Do I have to file taxes if receiving Social Security and an IRA Distribution?

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4 Replies 175 Views

4 Replies

175 Views

Trad IRA Value

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4 Replies 320 Views

4 Replies

320 Views

1099R

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4 Replies 153 Views

4 Replies

153 Views

When will Form 8915-E (not F) be available to complete taxes?

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18 Replies 2451 Views

18 Replies

2451 Views

duplicate backdoor Roth

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9 Replies 452 Views

9 Replies

452 Views

2021 IRA Contributions & change in 401k coverage

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1 Reply 221 Views

1 Reply

221 Views

Tax-deductible IRA

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1 Reply 71 Views

1 Reply

71 Views

How do I claim Illinois taxes on my IRA after retiring in Missouri?

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10 Replies 340 Views

10 Replies

340 Views

Fix IRA withdrawal error

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1 Reply 72 Views

1 Reply

72 Views

Can 403b + Roth IRA contributions larger than earned income?

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1 Reply 126 Views

1 Reply

126 Views

IRA Recharacterization + Tax questions

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3 Replies 93 Views

3 Replies

93 Views

State tax implications of coronavirus-related distribution (CRD) in Massachusetts

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5 Replies 423 Views

5 Replies

423 Views

I'm older than 59 1/2 and just converted some traditional IRA money to a brand new Roth account. How long do I need to wait to withdraw that money without penalty?

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2 Replies 128 Views

2 Replies

128 Views

8606 for rollover on non deductible Traditonal IRA

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3 Replies 365 Views

3 Replies

365 Views

IRA

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2 Replies 294 Views

2 Replies

294 Views

Inherited IRA - CARES Act allows repayment of 2020 distributions

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10 Replies 1283 Views

10 Replies

1283 Views

What if I don't receive 1099-R in time to file taxes after withdrawing excess Roth IRA contribution ?

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40 Replies 3317 Views

40 Replies

3317 Views

How should I handle SEP-IRA wrong contribution type employee vs employer and year?

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0 Replies 96 Views

0 Replies

96 Views

Excess Roth IRA Contribution

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48 Replies 4233 Views

48 Replies

4233 Views

Converting IRA to Roth help

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7 Replies 540 Views

7 Replies

540 Views

Taxes on IRA Distributions from a Conduit Trust

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1 Reply 185 Views

1 Reply

185 Views

Conversion of IRA to Annuity

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6 Replies 557 Views

6 Replies

557 Views

Withdraw Excess IRA Contributions

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1 Reply 164 Views

1 Reply

164 Views

NUA on past employer 401k - avoid taxation on sale of fractional share

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0 Replies 107 Views

0 Replies

107 Views

Roth IRA Recharacterizing Question

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6 Replies 495 Views

6 Replies

495 Views

Can $2,000 of a $12,000 early distribution from a Roth IRA be considered a tax-free, penalty-free early distribution of contributions and the other $10,000 be considered a tax-free, penalty-free first...

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6 Replies 576 Views

6 Replies

576 Views

Backdoor Roth Conversion for 2019 and 2020 - all completed in 2020

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5 Replies 353 Views

5 Replies

353 Views

I did a backdoor roth ira in February, then a mega backdoor roth ira in August, how do I enter this into Turbotax and not get double taxed?

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1 Reply 192 Views

1 Reply

192 Views

Federal tax withheld on RMD payment more than gross payment made by broker

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2 Replies 257 Views

2 Replies

257 Views

Handling overcontribution Roth IRA forms for 2020 which was made for 2019

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1 Reply 105 Views

1 Reply

105 Views

Repayment of RMD Distribution - How to file?

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46 Replies 3557 Views

46 Replies

3557 Views

do i need to file 2020 return

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1 Reply 91 Views

1 Reply

91 Views

Roth back door conversion, but the taxable amount on 1040-4b still shows non-zero

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5 Replies 439 Views

5 Replies

439 Views

Open and fully withdraw IRA within 35 days, all before Tax Reporting Deadline - how to avoid Early Withdraw Penalty?

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6 Replies 488 Views

6 Replies

488 Views

Took partial RMD Turbo Tax sez not taxed

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15 Replies 634 Views

15 Replies

634 Views

IRA conversion : Traditional to Roth IRA via Backdoor Roth

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3 Replies 224 Views

3 Replies

224 Views

Cannot generate the right 8606 form for recharaterization in premier

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3 Replies 256 Views

3 Replies

256 Views

Traditional IRA Excess Contribution 1099-R Box 7

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3 Replies 248 Views

3 Replies

248 Views

Did recharacterization to traditional and then backdoor to roth, question on 1040 4a

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1 Reply 90 Views

1 Reply

90 Views

Taxable IRA earnings during the year of contribution

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4 Replies 378 Views

4 Replies

378 Views

Covid relief for RMD

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2 Replies 226 Views

2 Replies

226 Views

Withdraw excess IRA contribution and first time home purchase at the same time?

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1 Reply 160 Views

1 Reply

160 Views

IRA contribution limitation

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3 Replies 259 Views

3 Replies

259 Views

Required Minimum Distribution

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6 Replies 910 Views

6 Replies

910 Views

Estimated Taxes on 2021 IRA Withdrawals

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2 Replies 296 Views

2 Replies

296 Views

IRA RMD

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2 Replies 430 Views

2 Replies

430 Views

IRA

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1 Reply 98 Views

1 Reply

98 Views

How to handle consequence of Withdrawl from Social Security Request

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5 Replies 414 Views

5 Replies

414 Views

Can After tax contribution to traditional IRA be returned?

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2 Replies 301 Views

2 Replies

301 Views

2020 correction

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1 Reply 148 Views

1 Reply

148 Views

Determining if job loss is due to COVID?

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3 Replies 334 Views

3 Replies

334 Views

Can you roll over a terminating 401k into a SEP IRA ?

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2 Replies 264 Views

2 Replies

264 Views

Backdoor Roth IRA - Where is this distribution from (state)

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4 Replies 527 Views

4 Replies

527 Views

Partial excess Roth contribution was withdrawn and reported in 1099-R

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4 Replies 264 Views

4 Replies

264 Views

Excess Roth IRA Contribution

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4 Replies 321 Views

4 Replies

321 Views

Form 8606, Line 22 - Include 2014 403b rollover in Roth basis?

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4 Replies 470 Views

4 Replies

470 Views

Conversion of Traditional IRA to ROTH

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3 Replies 413 Views

3 Replies

413 Views

IRA Distribution

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1 Reply 87 Views

1 Reply

87 Views

1099-R Reinvestment of IRA Distribution

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2 Replies 308 Views

2 Replies

308 Views

IRA conversion

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2 Replies 261 Views

2 Replies

261 Views

ira

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1 Reply 107 Views

1 Reply

107 Views

Are traditional IRA distributions taxable in Utah

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2 Replies 226 Views

2 Replies

226 Views

Roth IRA contribution seems lowered my tax refund

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2 Replies 414 Views

2 Replies

414 Views

Turbotax 2020 saying I owe taxes on RMD returned per CARE act

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40 Replies 3394 Views

40 Replies

3394 Views

Self directed IRA in real estate distribution in 2020

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2 Replies 264 Views

2 Replies

264 Views

distribution of annuities

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1 Reply 83 Views

1 Reply

83 Views

Roth IRA Contribution and earned income

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3 Replies 1011 Views

3 Replies

1011 Views

Roth Conversion

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4 Replies 393 Views

4 Replies

393 Views

Error - SS Benefits/RRB 1099-R

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3 Replies 312 Views

3 Replies

312 Views

Contributing to a Roth IRA with Scholarship income - Is it Excess or not?

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14 Replies 5292 Views

14 Replies

5292 Views

Roth Ira contributions for 2020

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5 Replies 461 Views

5 Replies

461 Views

Rollover of Inherited 401K to Individual IRA

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1 Reply 87 Views

1 Reply

87 Views

How correct error entry

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1 Reply 72 Views

1 Reply

72 Views

IRA

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2 Replies 246 Views

2 Replies

246 Views

Incorrect 8606 carryover basis

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1 Reply 92 Views

1 Reply

92 Views

RMD

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3 Replies 395 Views

3 Replies

395 Views

Massachusetts Schedule X IRA Conversion

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3 Replies 459 Views

3 Replies

459 Views

Earning from a Roth access contribution

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5 Replies 360 Views

5 Replies

360 Views

IRA

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2 Replies 467 Views

2 Replies

467 Views

Can my wife and I contribute to A Roth IRA after age 70 1/2 retired

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1 Reply 77 Views

1 Reply

77 Views

I contributed to my 2019 and 2020 traditional IRAs in January 2020 and converted them to Roth IRAs days later. Why did my federal tax due skyrocket?

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1 Reply 213 Views

1 Reply

213 Views

Conversion of part of non-RMD 2020 regular IRA Distribution to Roth IRA

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3 Replies 302 Views

3 Replies

302 Views

Determining whether I returned all or part of my ira distributions

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4 Replies 452 Views

4 Replies

452 Views

Early withdrawal from IRA

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1 Reply 112 Views

1 Reply

112 Views

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Topics with Label: IRA