Retirement Tax Tips and Answers | TurboTax® Support

Excess accumulation

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I have a Canadian NR4 with income code 09 (Dividends - Other)

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23/24 Excess Roth contribution removed, and then converted back to ROTH...8606 problems

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Is a distribution from a foreign pension (lump-sum) subject to IRS early withdrawal penalty?

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TurboTax Desktop Basic 2024 is skipping the SSA-1099 Section

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11 Replies 3663 Views

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Why can't I continue with my return without entering 2024's RMD?

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possible bug

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Roth Ira Contribution Withdrawl

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Roth IRA excess contribution correction but with Fed withholding

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Excess Back Door Roth Contribution

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Total Value of IRAs on 12/31/2024

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Tax information consent

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Tax information consent

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I received a 2024 1099-R for a Roth IRA corrective distribution completed prior to the 2024 filing deadline. I paid taxes on the taxable portion of this distribution via Form 5329 on my 2023 return, ...

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Tax Forms for Roth IRA recharacterization to Traditional IRA and then backdoor Roth after December 31st

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CA Military State Tax

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Withdraw from _'s Roth IRA Before 2024

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Code H

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Box 7 Code H

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Roth Contributions Prior to 2024

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Should my TMRS contributions be deducted from my taxable income?

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Early withdrawal 1099R penalty and tax question

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1099-D

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Conversions from Traditional IRA to Roth - in 2023 TurboTax conversions now taxed just over 50%

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9 Replies 39524 Views

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Should I report form 1099-R if the gross distribution is less than 1 dollar?

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457b deferred comp counted as income

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Form 8853 P1 info works error

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Box 12 code for SIMPLE plan

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qualified disaster distribution

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What do I do if the Roth IRA contribution is popping up an issue saying it can’t be more but it’s the same amount?

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How do I fill out a KW-2 with a 1099

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Repayment of social security

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7 Replies 1411 Views

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1099-R for Pension Rollover - Payer Name question - TT Desktop

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How do I get the address block for 1099R providers info to fill with "U.S. address"?

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How do I fill out and submit 1099 forms for contractors I paid?

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Can a grandparent that is retired claim grandchildren living with the grandparent.

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7 Replies 4100 Views

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Can I use turbo tax deluxe if I convert Ira to Roth IRA? Or do I need premium

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Pension plan.

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I am a new York state resident and my state pension should not be taxed on my state return and yet Turbo Tax shows it as taxed. Any thoughts?

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38 Replies 5525 Views

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Form 8853 p1

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14 Replies 4006 Views

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1099-r

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Converting nondeductible contributions of traditional IRA to Roth IRA

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How to answer "Did you inherit the IRA" for spousal transfer?

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Louisiana Military Retirement

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Repaid my Covid IRA Distribution

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I dont understand the teachers retirement adjustment for state of Ga?

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I have a capital loss in an annuity and it is not showing up on my tax return. I have entered the data from my 1099R. What else do I need to do?

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Roth IRA Recharacterization and back door conversion

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1099r distribution code p - do I amend?

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Distribution to the beneficiary

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1099R

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How to report 401k cares act withdrawal

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Tax Liability

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IRA rollovers

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1099R withdrawal and deposited back within 60 days

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3 Replies 1294 Views

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What value do I put for recharacterization of IRA when there's been a loss since orig contribution?

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2 Replies 1164 Views

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1099-R

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Which version of turbotax should be used for social security lump sum payment for several years

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4 Replies 2519 Views

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Retirement - benefits - USA/Canada

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How do I tell TurboTax that the 1099-R is for my Pension and not an IRA distribution?

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4 Replies 5530 Views

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IRA Withdrawal

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1098-T and 1099-Q

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Socia Security Entry Point on Turbo Tax Basic has a glitch

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How can I see the completed worksheet for taxable Social Security Income?

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DO 403(b) OR Ohio 457 contributions of more than $18500 for a 55 years old gives an e-file error? Why? It is a catch up contribution after 50 age?

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Have contributed to Mesp fo three years now but have not deducted those contributions in those previous years. Can I deduct those contibutions in 2017

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How do I report Roth Solo 401K contributions in 2018 TURBOTAX

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Separating from my company and have an outstanding 401K loan balance (1st home purchase) & if defaulted am I still subject to the 10% penalty?

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My state refund came back less because of my husbands KAPERS which was what he put in he wasn"t there long enough for the company to match so Kansas used it as income.?

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Will Turbo Tax Basic handle minimum distributions from IRA & 401K?

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Do I have to pay PA income tax on Social Security payments and disbursement from my retirement annuity?

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Can I take out money from my IRA in 2018 and declare it in 2017 taxes

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I prepaid $365.40 for Medicare part a and b in June 2016. I received a SSA-1099 reporting $609.00 was withheld. Do I add the prepayment I made to this for tax purposes?

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My wife has income from trust and the Receipient's # on the 1099R is not her S.S. number that's on our other 1099Rs. How do I report this?

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Would my retirement contributions to Arkansas Teacher Retirement entitle me to a tax credit?

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Do I have to fund my Roth IRA for 2017 before I file my 2017 tax return?

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BY REPORTING MY ROLLOVER FROM A 401K TO AN IRA THEN A DISTRIBUTION FROM THAT IRA, TURBOTAX IS ADDING BOTH TOGETEHER AN OVERSTATING MY INCOME

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1 Reply 860 Views

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I rolled over a traditional Ira to a Roth. Now TT is calling it an excess contribution. Since it's a rollover, is that true? It's already being taxed as income.

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Hi, I need to have additional taxes withheld next year. I have income from retirement and social security. Does it matter which source I increase the deduction?

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Retired on social security can I fund an IRA

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2 Replies 1418 Views

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If I a W2 and two 1099-r one from retirement and one from 401K I am over 60 what version should I be using? How do you copies of W2 etc with filing of tax return?

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When entering the 1098-T electronic form into my taxes box 5 had $ listed. When I got the physical form in the mail a few days later that figure was listed in box 4.

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1 Reply 915 Views

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Annuity income question

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Is the income I received as a utility refund because of excess generated electricity of solar panels.taxable income?

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If a 1099 has block 1 and 2a values with tax amount not determined and a distribution code 7 IRA/SEP/Simple should I have a tax to pay?

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My wife receives a ssa-1099-sm for 20064.00 with no additional income and would like to file separately - does my income HAVE to be referenced on any of her forms?

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Can I still get a credit for retirement savings contribution if I rolled over my 401k during 2016. Do I put zero for distributions in the worksheet?

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1099-R form from my church pension fund.

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Why is TurboTax 2017 suddenly asking about my past Roth conversions?

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1 Reply 1150 Views

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1150 Views

Social security back pay

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1 Reply 1149 Views

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I opted to have my 1099R imported, but it came through twice and there isn't an option to delete. How do I remove it?

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1 Reply 964 Views

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964 Views

I take 401k dividends as cash to my checking (retired 2 yrs ago) last year I got a 1099-DIV this year I got a 1099R are dividends ordinary income or LT capital gains?

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Question about 1099R form

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Can I avoid being taxed on $25K I received from a misc income if I rolled that into an annuity?

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I took early withdrawal from pension in NJ but moved to Florida later in the year.Will I be taxed NJ state tax since I was still in NJ when I received the check?

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Why my wife who an immigrant she been here for 3 yrs and worked since being here and they take out so so little why is that or is there a different forms for her ?

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In TT why do my taxes go up by $12 for a $24 1099-INT addition?

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Re: the New York State form IT-201, New York Subtractions, line 29 "Pension and Annuity Income Exclusion" ---does the $20,000 apply to my Traditional IRA distribution?

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Where to enter info from Form SSS-1099

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1490 Views

Do I enter securities determined to be valueless? If so where in the program.

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1034 Views

I received a 1099R for my wife but all funds were directed to long-term care facility. My wife died February 2019. Do I need to put this on my tax return?

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I lived in texas until May 31 and moved to arkansas and took an ira distribution in june. can I allocate the distribution to both states?

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1 Reply 974 Views

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974 Views

Since I am 77 years old and my taxable income is less than $13,000 and I was deducted payments from my retirement, where can I get my taxes filed free to get a refund?

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Is tsp considered a qualified retirement plan for calculating IRA contribution limits?

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Do I have to report the 1099-b I received? I'm the account holder/custodian for my grandson. It was a savings account that I transferred to a cd.

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Should ROTH IRA Computation Limit Worksheet block 7 wages and other income be the same as Schedule C Block 31?

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3 Replies 1966 Views

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1099-R (federal retirement) box 1 gross vs box 2a taxable amount. Turbo tax uses the Box 1 amount instead of the taxable (2a) amount. Why is this?

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1 Reply 1442 Views

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1442 Views

Can I use the free version with 1099-R military retirement?

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1 Reply 1206 Views

1 Reply

1206 Views

Are my wife's retirement payments from Germany reported and where do I report it with turbo tax

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Can we still contribute to a traditional IRA and get a deduction if I contributed to a pension plan and 457 and my wife already contributes to a SEP IRA?

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I did not work in 2017 I have income from Social Security and a retirement fund. Do I have to file federal income tax?

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911 Views

I am retired. did not get any W2 from Social Security or Disability Ins. Co. only have 1099 and 1099R. Can I still file?

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I made a direct rollover from one Roth IRA to another Roth IRA in 2015 and did not receive a 1099R. Since this is a non-taxable event, do I need to report this rollover?

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2865 Views

The only way I can enter medical deductions is through Forms. Step-by-Step will not take entries. Why? I reported this 10 days ago.

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1 Reply 1151 Views

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Is my social security taxed if I am full retirement age? It was my understanding that there was no limit on my earnings?

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What does box 19 0n my w-2 wage and tax statement mean

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Do I need to correct my filing ? I received a corrected 1099R showing the total distribution checked not the total tax not determined ?

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Turbo tax 2018 is asking about RMD. I do NOT have 401 K. I receive retirement pay from US Army and from the company I worked for and SSA. Do I have to worry about RMD?

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1 Reply 1121 Views

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1121 Views

LIne 50 - "Did you have any open IRA accounts on 12/31/18". Does this mean do I still own an IRA?

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LIne 50 - "Did you have any open IRA accounts on 12/31/18". Does this mean do I still own an IRA?

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4 Replies 2137 Views

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I contributed too much to my 403b due to a company error. 12b, elective deferrals for qual plans is $19,000. I cannot electronically file because the error. What do I do?

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1128 Views

I took my mrd late. I will not be receiving a 1099R. How do handle that?

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3 Replies 2111 Views

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Why is Turbo Tax asking for a form 5498 when our fund manager says we're not getting one? We took an additional $2,900 beyond our RMD to convert to ROTH IRA

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4 Replies 2055 Views

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I received a 1099 R from utah but live in florida do I answer yes or no to the question if I received income in another state

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1 Reply 966 Views

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Where can I find the details of the amount in TT on 1040 Line 2a for 2018 return? The amount exceeds the amount I entered for tax-free Interest Income from 1099Int.

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2 Replies 1131 Views

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I over-contributed to 401k. Fidelity is working on refund and 1099-R. I have added the excess to Misc Income. Can I file my 2018 return before I receive the refund?

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What if I don't have an SSA-1099 Form?

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IIF have only Soc Sec and retirement plan income, do not itemize and have pre paid on my 2017 tax bill. Which version of Turbo Tax should I

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1 Reply 997 Views

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997 Views

I cancellation of debt from Citi Bank. They settled debt in Oct. yet I just received. I'm widow on social security with no money

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1627 Views

I took a 401k loan to pay for my childrens Braces. I left that company and have a 1099. Can any of the cost associated with that be deducted?

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1 Reply 2391 Views

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2391 Views

[Duplicate]" State goverment over withdrew from my direct withdrawal. How do I correct their error?

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1 Reply 1062 Views

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1062 Views

Box 12b on 1099-r says it cannot be great than gross distribution, but its not. Box 1 is $28,800 box 12 is $1550. Says there is an error

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1 Reply 943 Views

1 Reply

943 Views

How do I add a Roth IRA to my tax reporting? I saw no question regarding Roths.

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1 Reply 959 Views

1 Reply

959 Views

Why cant i deduct an IRA contribution?

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1 Reply 1264 Views

1 Reply

1264 Views

Do I report lump sum payments that I inherited after my mother passed?

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1 Reply 1089 Views

1 Reply

1089 Views

Can a stepdad claim his stepkids for tax credits if they receive social security survivors benefits that are paid to the mother? Biological father is deceased.

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1 Reply 1586 Views

1 Reply

1586 Views

She is 1099 and I'M 1040ez can I do that with turbo tax?

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1 Reply 1166 Views

1 Reply

1166 Views

I can't figure out what is wrong my husband retired and is collecting his reitement

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1 Reply 976 Views

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976 Views

Where it says,"What Did You Do With The Money From Teacher Retirement System of Texas?" I didn't cash out or withdraw. Why would I have to select that choice?

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1 Reply 974 Views

1 Reply

974 Views

How do I exclude only part of my foreign income so that I can make a contribution to my Traditional IRA? Thank You!

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1 Reply 946 Views

1 Reply

946 Views

Did you get my prepaid federal tax from my social security 1099

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3 Replies 1452 Views

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If I opened a Roth IRA with a direct rollover from an after tax 401K in 2017, then made some withdrawals in 2017, should lines 22 and/or 24 on form 8606 have basis amts.?

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Do I include all Social Security benefits or a percentage? When do you deduct the $13,600?

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Hello, Good morning. i have a question about retirement plans. i contribute to a 401(a ) plan. can i use that as a deduction? thank you

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1221 Views

Does my Granddaughter need to file a return, she has an adjusted gross Income of $1800 and taxable income of $700?

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3 Replies 1349 Views

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1349 Views

Box 2a in Dividends and distributons on Harbor Funds was $32561 and our end of year was $18,000 less and we never received any money. How can this be

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1 Reply 974 Views

1 Reply

974 Views

If I over contributed to a ROTH 401K in 2018 and got the excess back in 2019 before April 15, and did not get a 1099-R, how do i report this in TT without an error?

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1 Reply 904 Views

1 Reply

904 Views

I worked for the state of oregon as a military security officer enforcing laws. Would that qualify as a public safety officer?

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1 Reply 946 Views

1 Reply

946 Views

In 2018, will social security and California state retirement be taxable? If so, where do I enter these on the 2018 Tax Estimate worksheet?

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1 Reply 1037 Views

1 Reply

1037 Views

Looking for 2 questions in the program:1. where is the question that asks for the unpaid balance on a home loan as of 31DEC18,

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Do you have a TurboTax Online account?

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