Retirement Tax Tips and Answers | TurboTax® Support

1041 income

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1099-R Income in Turbotax Business

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1099-R in TurboTax Business

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How to amend my 2023 tax return in TurboTax tax using software for excess return from Roth ira?

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Distribution of income of final tax return for a complex trust

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Estate Form 1041 Disbursements of Income

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1 Reply 5468 Views

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How do I include an informational statement?

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foreign retirement pension

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4 Replies 2084 Views

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1099-r entry in Turbo Tax for Business filing for trust and need to enter boxes 1, 2,4, 7 14 etc.

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non prototype 401k

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401k Partnership LLC received 1099 for rental income?

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881 Views

1099-r

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I inherited an IRA from my mother that I rolled over into an inherited IRA account - It shows up as taxable income

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401k Nonelective Contributions (profit sharing) as S-Corp

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Reporting trust taxable income distributions

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1099 R in turbo tax business

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solok excess employer contributions

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3 Replies 3343 Views

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How to enter Nondivdend distributions into Turbotax Business 2024

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Deferred Annuity paid to a trust following my mother's death

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1 Reply 4505 Views

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1099-R EXEMPT

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2 Replies 3754 Views

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Forms 1099 for 2024

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Real Estate Inherited from Life Estate

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2 Replies 6352 Views

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1099-R in-puts

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4 Replies 15575 Views

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Refund applied to next year's tax does not match the amount I applied in the earlier year. Is there a simple notation to fix this?

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Question about LLC Final Taxes?

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Removal of excess contribution to Roth IRA subject to 6% penalty? tax on gains?

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Do I report a 1099-R for an inheirited non-spousal IRA?

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TT Business SEP-IRA limit for my LLC assumes social security tax, but I've maxed it out in my W-2 for my full-time job.

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TT not calculating wages correctly

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How to enter 1099R in Turbo Tax business

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1 Reply 1329 Views

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How to deal with rounding differences between TurboTax and bookkeeping?

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6 Replies 7878 Views

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Cost basis

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1041 not showing Federal taxes withheld on distribution to beneficiary.

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6 Replies 4287 Views

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Why is the distribution for estate trust not showing on K-1 1041?

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19 Replies 29338 Views

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Remove K-1 Distribution from TT Business

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2 Replies 934 Views

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How to enter 1099-R on PA-41 as Estate

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retirement contribution through partnership LLC or on personal return

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6 Replies 10118 Views

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Solo 401K Contribution Deadline

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In which state should the estate tax return be filed?

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Filing a Final C-Corp Return

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3 Replies 1830 Views

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How to input 1099-R on PA-41 as Estate

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Estate and Trust Filings with partial distribution

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Amount distributed is more than trust accounting income

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7 Replies 10224 Views

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Overcontribute SEP IRA

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How do i enter IRA Rollover Form 5498

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Excess 401K contribution because of job changes in 2018?

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Cost Basis Reported

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Solo 401(k) - exempt from which taxes?

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3 Replies 1275 Views

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How do I import my completed 8824 tax form into TurboTax Business?

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Life Insurance Payouts to Estate

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solo-401k- Turbo Tax Business

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RMD

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Where do you enter FSA 1099G Agriculture on Turbotax business

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What is the difference between 1st & 2nd tier on a 1041 distribution??

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Profit sharing plan is not an option in "Any Retirment Contributions"

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I'm the executor of an estate and received a 1099-R with "4G" distribution code in box 7. How do I file a 1041 as TT Business doesn't allow entering 1099s?

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14 Replies 12867 Views

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Rollover IRA & Roth IRA

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11 Replies 3081 Views

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Using TTax Business for Trusts: How do I enter a futures 1099-B which has information in boxes 8 to 11? TTax assumes boxes A, B, D, E or X.

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3 Replies 1509 Views

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Early Withdrawal from Roth IRA Older than 5 Years Including First-Time Home Exemption

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25 Replies 4252 Views

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How to enter 1099r income for a 1041 estate return in TurboTax Business?

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9 Replies 7090 Views

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SEP Contribution to none partner employee

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3 Replies 1341 Views

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401k distribution 55+

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If a beneficiary is not named for an IRA or an Annuity and the total lump sum distributions goes to their estate does the estate pay the taxes due on that income?

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Entering 1099 R for a Trust

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How do I report my LLC's Contribution to my Solo 401k in turbo tax business 2021?

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For cash basis accounting can I account for the cost when I write a check, or does it need to be accounted for when the check clears the bank?

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7 Replies 31604 Views

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Value of Traditional IRA question and Rollover IRAs

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3 Replies 580 Views

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Why won't TurboTax fill in a value for Form 1041 line 20, estate exemption?

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IRS publication 525 advised e a military disability rating of 20% or higher is eligible to recoup money deducted from their retirement pay for previous years. How?

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Inherited IRA trust

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Reporting Roth Contribution

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Salon Te’ Elle Ce’s EIN Number

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When to file form 5329 for missed 2016 RMD?

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2 Replies 2827 Views

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Simple Trust distribution to beneficiaries. Turbo tax will not allow ALL income to be distributed and showing the Trust to pay income taxes. How do I fix this problem?

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4 Replies 2497 Views

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Cant e-file my taxes because of disaster distribution form that was released feb 26th

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1 Reply 600 Views

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600 Views

Estate Income Tax 1041 - Estate Income generates K1

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5 Replies 2330 Views

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1099 R for inherited 401K?

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1099R on Estate Return

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How do i enter a 1099r in turbotax business

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1099-R code B2 error

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TurboTax 2020 Error: Doesn't Properly Handle 1099Rs for IRA Distributions That Were Redeposited

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1 Reply 559 Views

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Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?.

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6 Replies 7164 Views

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Are Health insurance premiums and SEP IRA contributions included in W-2's Box 1, 3, and 5 as Taxable Wages for "LLC - Filing as Chapter S" Employees > 2% owners?

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how rollover IRA impact my back door to Roth

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Should I request a corrected 1099-R with a code M1. I quit my job but I paid off the loan. What should I do about the penalty?

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Inherited IRA was moved to a trust and then to the beneficiaries. 1099-R shows Estate as recipient of IRA. How do I report the distribution to the beneficiaries?

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4 Replies 3185 Views

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Teacher retirement income from KS/OK/TX, now residing in Arkansas

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Double-taxed Nondeductible RMDs from Estate IRA

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S-Corp Employer 401(k) Contribution

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3 Replies 3654 Views

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I am using Business version for trusts and estates. I have 3 1099R forms for annuity distribution. How do I report these?

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Does a "real estate professional" over 200k qualify for a self directed 401k deduction on form 1065 Schedule K for

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Complex Trust - Sec 663b Record Keeping

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6 Replies 3967 Views

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Can I claim the taxes paid on form 990-T on my form 1040, otherwise, won't I pay tax a second time on the 990-T UBTI when I take the IRA distributions?

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9 Replies 7674 Views

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How do I categorize 401k deductions on my business tax return?

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I borrowed some money to a friends business, do i have to report that on my deductions? Also some of the money borrowed it was lost

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1 Reply 1171 Views

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What amount do I enter in the amount distributed to the beneficiaries? I do not have a tier 1 and tier 2 guestion, just says ‘enter the amount distributed.

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1493 Views

IRA withdrawals while unemployed age 59 but taken in the year I will turn 59 1/2, am I subject to the 10% penalty?

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How to determied payroll taxes: are the sum of all IRS form of 941 & 940 & EDD for state taxed that report each quarter?

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I live in California. I get retirement and social security with no state taxes taken out. Do I need to file a state tax return?

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Should payroll taxes be listed in the 1120-S p1-2 Box C1? If so what should be listed? Federal Income, Social Security, Medicare; and State Income Tax Witheld? S Corp

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3 Replies 4937 Views

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Does a business list 401k contributions as retirement compensation to the employee, i.e., would they be listed as retirement cost

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1 Reply 1269 Views

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Do we have to pay a 10% penalty? My wife turned 55 in July 2017 and laid off October 2017. We cashed out her 401K. What about the Age 55 Rule?

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3 Replies 2733 Views

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I am 76 and have taken my RMD for 2017. Is there any way to avoid taxes on that withdrawal?

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2 Replies 1518 Views

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Q: W2 box 11 is blank, is this a deferral or distribution?

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6 Replies 6061 Views

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How do I avoid paying a penalty on an $185,000 Roth IRA distribution we received a 1099-R for. It was a short term loan to our son and was paid back in less than 60 days

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5 Replies 2898 Views

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This is the second time to ask this question regarding 1065 page 5 and analysis of net income. This will not calculate for me. Is there a fix needed?

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How do I make TT report a corpus distribution from a complex trust without an income distribution?

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1 Reply 3378 Views

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3378 Views

How do you get a distribution from a trust that exceeds income to flow to the K-1?

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Can and how do I roll-over all 2015 data to year 2016?

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1 Reply 1541 Views

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1541 Views

Earnings reported on 1099-Q (box2) are being treated as taxable income for beneficiary even when entire distribution was paid directly to University for QTP

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4 Replies 3540 Views

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Can my son avoid part of the penalty for cashing in ira as a first time home buyer if he used part of the money to pay mortgage after losing job?

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1 Reply 1428 Views

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Turbo Tax 2015 Business - Form 1041 How Much Was Distributed to Each Beneficiary - Is this the cash distributed or the amount in Income Distribution Deduction?

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1 Reply 1844 Views

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One member of the LLC is a trust using member's social security no. Program looking for a FEIN. Used SSN 's last year with no problem

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1 Reply 1426 Views

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My mom died in Dec '15. Distributions were made from an IRA & annuity in early 2016. Where do I input 1099-R distributions in her name on Form 1041? In "Other Income"?

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1 Reply 1607 Views

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Our son has Military retirement/VA disability pay only, does he qualify for EIC?

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1 Reply 1595 Views

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My wife is a realtor and recevied a 1099 what from is used to make sure she gets credit for social security

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1 Reply 1465 Views

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In California, does the $800 annual tax payment, due in Q1, count toward the 1.5% tax liability for S-Corps? Or, is it in addition to the 1.5% tax rate?

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2 Replies 3724 Views

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Where do I find trust (irrevocable and complex) distribution amount made to a beneficiary?

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7 Replies 3926 Views

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3926 Views

Why does my 1099-R not show insurance premiums that we pay that come out of my retirement check?

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1 Reply 1577 Views

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Where do i enter my 1099r RMD for 1041 form, trustee account. I have delayed cashing that in for 2018. I don't seem to have access to 1099R form

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2 Replies 1862 Views

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Is TurboTax QBI deduction incorrect for sole proprietor with solo 401K contribution? Recent IRS guidance suggests that QBI is calculated before solo 401k contribution.

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13 Replies 10315 Views

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10315 Views

Can I deduct repayments to my retirement account for purchased service credit

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1 Reply 1303 Views

1 Reply

1303 Views

I received a 1099r for a distribution from an insurance policy that I paid into for roughly 60 yrs, the amount of the distribution is less that I paid.

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8 Replies 4882 Views

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Turbo tax is now showing that distributions from a trust are taxable, why?

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1 Reply 1453 Views

1 Reply

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Is there a limit to rollover amount from solo 401K to IRA ?

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6 Replies 9139 Views

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Is the allowable $32,000 if married filing jointly line 8 social security benefits worksheet or is it $44,000

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1 Reply 1845 Views

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How do I find the lump sum payment for social security in a previous year. It is supposed to be less than zero. How can that be? I cannot file my taxes because of that

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5 Replies 3253 Views

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3253 Views

Do I include the distributions listed on the K-1s provided to members as part of last year's tax return when recording "cash distributions member received from LLC"?

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1 Reply 2071 Views

1 Reply

2071 Views

Do you report employer contribution to a self employed 401K on the w-2 form,

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1 Reply 1698 Views

1 Reply

1698 Views

Can I deduct IRA contributions if I am self-employed, but also receiving payments from a previous employer's retirement plan?

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2 Replies 2152 Views

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2152 Views

Where does member contribution show on tax return form?

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2 Replies 5252 Views

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5252 Views

Ira contribution prior year. IRA contribution made 2015 not reported on 2015 taxes, can i use it for 2016?

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1 Reply 1350 Views

1 Reply

1350 Views

Depreciation reduces my taxable income I know. But can I withdraw the depreciate amount in cash without tax consequence

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1 Reply 1962 Views

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1962 Views

$3742 SHOWING UP IN "OTHER INCOME TAXES". WHEN I GO TO EXTENSION PAYMENTS I ANSWER THE QUESTION NO. AND IT TAKES ME BACK TO YES OVER AND OVER.

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1 Reply 1323 Views

1 Reply

1323 Views

Is there a total amount that can be in a roth ira? The question is not related to yearly contributions.

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1 Reply 1431 Views

1 Reply

1431 Views

Is there a reason line 4a on the tax return would be different than the 1099R summary?

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4 Replies 5033 Views

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5033 Views

Does the Q on 1099-R about what did I do with the money from pension, apply to me as the spouse of disabled RR employee? Is 'did something else with it', correct?

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2 Replies 1693 Views

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1693 Views

I contribute to a Roth 403b with AFTER tax dollars. Can I deduct this somehow?

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1 Reply 1897 Views

1 Reply

1897 Views

I withdrew from IRA's and reinvested the majority back into CD's. Where do I enter this to eliminate the taxes owed?

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1 Reply 1731 Views

1 Reply

1731 Views

I'm considering rolling a traditional IRA to a Roth, and I want to do an ESTIMATE of the tax impact. How do I fill out a fake 1099-R?

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7 Replies 3174 Views

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3174 Views

How to report 1099R income received by a special needs trust

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1 Reply 2387 Views

1 Reply

2387 Views

If an investment owned by an estate is split between beneficiaries, how do you pay the tax on the change in value between the date of death and the distribution date?

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1 Reply 1299 Views

1 Reply

1299 Views

Where can I find blank form 1099-S? [removed]

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1 Reply 1489 Views

1 Reply

1489 Views

S corporation that only made shareholder's distribution. No W2 or 1099 filed. How do I report that distribution as income on my 1040.

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1 Reply 3161 Views

1 Reply

3161 Views

I received 2 1099s for withdrawal from my IRA account (this was for the same withdrawal)- they have two different Federal ID numbers and different distribution amounts

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1 Reply 3058 Views

1 Reply

3058 Views

My sister took a distribution from our trust. I did not. Can we keep the income in the trust and report the distribution as a principal reduction?

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1 Reply 1203 Views

1 Reply

1203 Views

Can you explain why the program will not keep the selected response? The question asked if this pension was from being a public safety officer and I replied yes.

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1 Reply 1975 Views

1 Reply

1975 Views

Is a 2018 1099 miscellaneous income, 2019 income, since we did not get the income till 2019 since it was mailed on 12/31/2018?

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1 Reply 1216 Views

1 Reply

1216 Views

If I was appointed Successor Trustee of my deceased Mother's Trust during 2015, do I need to file form 8822-B with form 1041 to report the change in Trustee?

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1 Reply 2285 Views

1 Reply

2285 Views

Should I show the distribution of $6000 in 2016 tax return if we already paid taxes on it in 2015?

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3 Replies 2138 Views

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Do you have a TurboTax Online account?

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