Retirement Tax Tips and Answers | TurboTax® Support

What if the W-2c statement you received doesn’t have the corrected Federal Income Tax Withheld amount?

by on Latest post on by

5 Replies 2786 Views

5 Replies

2786 Views

Can I claim the $3000 Retired Public Safety Officer exclusion? i click yes on the form and didn't get the credit.

by on Latest post on by

19 Replies 21210 Views

19 Replies

21210 Views

Tax Year Prior to 2020: Tried calling the IRS. No answer on any number or selection. Gov at its finest. I swear I should have stayed working for them. Do nothing all day and get a pension.

by on Latest post on by

84 Replies 36614 Views

84 Replies

36614 Views

If already filed my taxes and found a 1099-Q form what do I have to do in order to file it? What is the process I should take? Will I be getting less money back?

by on Latest post on by

2 Replies 3506 Views

2 Replies

3506 Views

Is a 1099-R the correct form to receive from a payer for distributions from a 457(b) plan?

by on Latest post on by

4 Replies 4976 Views

4 Replies

4976 Views

Form 5329 Lines 2 and Line 4 are not calculated correctly. What should I do as a workaround for this miscalculation?

by on Latest post on by

4 Replies 2376 Views

4 Replies

2376 Views

When to make tax payment for Roth conversion?

by on Latest post on by

4 Replies 10415 Views

4 Replies

10415 Views

Turbotax is including my wife's IRA RMD as part of my Qualified Pension Plan distribution. Anybody know how to fix this?

by on Latest post on by

9 Replies 2948 Views

9 Replies

2948 Views

I received a 1099R for 401k excess. The calendar year is 2018 and a P code. In TurboTax Amend, "P" is taxable income in 2016 (not 2017) Do I file this in 2018 taxes?

by on Latest post on by

1 Reply 1212 Views

1 Reply

1212 Views

When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

by on Latest post on by

1 Reply 1061 Views

1 Reply

1061 Views

I took a distribution from my IRA in 2016. Can I make an IRA contribution before April 2017 to reduce my taxes?

by on Latest post on by

7 Replies 2459 Views

7 Replies

2459 Views

Why does my pre-tax 401k contributions show up in my "total income" that's used to calculate federal tax owed? So I get taxed now on it & taxed later when taking it out?

by on Latest post on by

1 Reply 1149 Views

1 Reply

1149 Views

If I exceed Roth IRA income limit, and need 2 recharacterize all 2017 Roth contrib to IRA, do i include contribs & gains or just contribs? What is original contrib date?

by on Latest post on by

4 Replies 2658 Views

4 Replies

2658 Views

I earned $100.00 in 2018 for writing an article. However, I may or may not receive a 1099. How do I file this amount on my 2018 income tax return? Thanks!

by on Latest post on by

3 Replies 1521 Views

3 Replies

1521 Views

I just e filed. I have one 1099-R that has fed. income tax withheld. Do I send a hard copy of my return and this copy B of the 1099-R to the IRS? Please advise.

by on Latest post on by

1 Reply 1104 Views

1 Reply

1104 Views

Are retiree health reimbursement plans given as a retirement incentive supposed to be reported in medical expenses under reimbursements?

by on Latest post on by

1 Reply 1875 Views

1 Reply

1875 Views

I settled credit card debt but never received a 1099-C from the company I settled the debt with. Do I claim this on my taxes? If yes, how do I claim it without a 1099-C?

by on Latest post on by

3 Replies 2426 Views

3 Replies

2426 Views

I never deposited Jury Duty money, and my stub says I cannot any longer. Do I still need to enter this as money recived for my taxes?

by on Latest post on by

1 Reply 4142 Views

1 Reply

4142 Views

I took out 1300.00 from an Ira and put it in another bank the same day. I reported the 1099r form. When asked how much I invested in 2017 Ira do I include the 1300

by on Latest post on by

1 Reply 1265 Views

1 Reply

1265 Views

If I owe state and I e-filed do I have to include a copy of my W-2s and 1099’s when sending in my check payment for state taxes owed?

by on Latest post on by

2 Replies 1310 Views

2 Replies

1310 Views

Do I need a 1099 form for my cleaning company and major repairs? If I claim all my expenses and proof of payment, won't this be enough?

by on Latest post on by

1 Reply 4591 Views

1 Reply

4591 Views

1099 Misc income for IRA. Almost all of my income derives from landlording. but $800 comes from writing. May I contribute from the 100 MISC/Writer to an IRA?

by on Latest post on by

1 Reply 1198 Views

1 Reply

1198 Views

I mailed my check for what I owed on 2016 taxes today on 4/15. Am I going to get fined if it doesn't get there on the 18yh?

by on Latest post on by

3 Replies 1496 Views

3 Replies

1496 Views

TuboTax shows an "Exemption Amount" of $8,100 on my 1040. What is this for?

by on Latest post on by

10 Replies 4315 Views

10 Replies

4315 Views

Is the Thrift Savings Plans (TSPs) (I made an early withdrawl of $164000 from my govermment Thrift Savings Plans) for federal gov't workers the same as a 457 plan?

by on Latest post on by

1 Reply 1320 Views

1 Reply

1320 Views

I retired in Oct 2016 and received 3 pension checks.I entered all the info from the 1099R but turbotax asks for age and how much I paid on annuity start which i dont know

by on Latest post on by

1 Reply 1160 Views

1 Reply

1160 Views

In box 7 on my 1099-R I have a code of 2B what am I suppose to put there?

by on Latest post on by

1 Reply 1396 Views

1 Reply

1396 Views

I am liquidating a roth ira that was a result of a divorce transfer of my es-spouse's roth ira. what is the the tax liability for the disbursement?

by on Latest post on by

1 Reply 3655 Views

1 Reply

3655 Views

Recharacterization from Roth IRA to Traditional IRA after I filed 2017 taxes.

by on Latest post on by

1 Reply 1258 Views

1 Reply

1258 Views

Filing tax return by mail. Should I include 1099R form (pension) with it?

by on Latest post on by

1 Reply 2265 Views

1 Reply

2265 Views

Why is Turbo Tax not recognizing the 1099R teachers retirement this year but did last year. It is saying it is not a qualified pension? Why?

by on Latest post on by

3 Replies 2794 Views

3 Replies

2794 Views

My in process return shows that I must pay PA tax on my qualified pension. That is not accurate and I have not had to pay it in the past.

by on Latest post on by

1 Reply 962 Views

1 Reply

962 Views

What does the following mean: "(Form 8606-S) Enter your explanation here to complete the Return of IRA or ESA Contributions Before the Due Date of the Tax Return"?

by on Latest post on by

6 Replies 4168 Views

6 Replies

4168 Views

Can the 10% penalty for early withdrawal from 401k still be tax deductible? If I’m eligible for an EV credit of $7500 can that cover the penalty?

by on Latest post on by

8 Replies 6722 Views

8 Replies

6722 Views

If my net Schedule C income is around $10,000, why does Turbo Tax say I can contribute $9,000 to my sep ira? I thought the limit was 25%.

by on Latest post on by

2 Replies 1241 Views

2 Replies

1241 Views

I can’t find the date when I requested for my taxes to be paid. I am worried that payment won’t be taken from my account and my payment will be late. Where can I find?

by on Latest post on by

1 Reply 925 Views

1 Reply

925 Views

1099r used for downpayment of house; there is not a place within Turbo Tax to indicate the $10K of the distribution was used for a downpayment on house.

by on Latest post on by

1 Reply 963 Views

1 Reply

963 Views

Is there a way to remove the additional 10% the system says you owe for early distribution?

by on Latest post on by

1 Reply 1688 Views

1 Reply

1688 Views

I received a 1099-R for a distribution of my grandparents retirement plan after my grandmother died. It's a little confusing and I want to verify I entered it correctly

by on Latest post on by

2 Replies 1302 Views

2 Replies

1302 Views

What version of turbo tax should I purchase if I cashed in a Roth IRA to pay for my son's college tuition?

by on Latest post on by

1 Reply 901 Views

1 Reply

901 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Deluxe iOS