Retirement Tax Tips and Answers | TurboTax® Support

1099-R Triggering Needs Review

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ROTH IRA excess contribution

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My IRA dist. form 1099-R shows I was taxed 10% but turbotax tells me I need to pay the tax. Don't want to pay it twice, what do I do?

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Exemptions Early Distribution IRA

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1099-R - when to select "None of the above (select for deferred compensation 457 plans)"

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Error with reporting RMD. TT calculates a $7000 tax penalty for timing. I can't correct it.

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2 Replies 1894 Views

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Roth IRA rollover to precious metals

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Delete feature is not displayed when wanting to delete an uploaded doc

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I have a 1099-R - where do I enter it?

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How to file foreign private retirement fund assets?

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Form 8833 and UK pensions

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Tax on Social Security

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csa 1099r simplplified method worksheet

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Tax code 4D kicking error for RMD and showing a penalty instead of paid annual amount

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1099-R Annuity is asked if it is a 403(b) or other qualified retirement account. Can't update.

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RMD Excess Accumulation Worksheet error

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First year of inherited IRA/retirement pension from my dadwhen I was discussing the distribution with Fidelity. They said that I had to take the RMD for 20

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9 Replies 2317 Views

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1099-R form with a blank for State distribution

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6 Replies 2158 Views

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How to file with Excess 401K Contributions

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Turbo tax Type of account- IRA should not be selected unless this account is an IRA.

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Roth IRA excess contributions for multiple years

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14 Replies 8472 Views

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As a retired Louisiana state employee, I am exempt from paying state income taxes. Where do I enter this info on my returns?

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20 Replies 8931 Views

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Amending Previous 5329's in Turbo Tax

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Colorado Pension and Annuity Substraction

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Backdoor Roth IRA Contributions - 2022 & 2023

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11 Replies 9792 Views

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How do I check the account and routing number for my tax payment?

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Unearned income

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1 Reply 971 Views

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Form 5695

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Medical monthly premium

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I paid a babysitter...

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Wifes Simple IRA and Trad to Roth IRA conversion

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rental property

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4 Replies 2823 Views

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Didn't have 8606 for 2 years with nondeductible IRA. What to do now before I can do a backdoor Roth IRA?

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Reporting Excess contribution Roth IRA

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TurboTax doubling my IRA contributions

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How do I enter a backdoor Roth IRA conversion, when I am rolling over multiple year's worth of traditional IRA contributions?

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2 Replies 1155 Views

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Since the 8915-F Form is now available, I'm trying to figure out what information to fill in about the 1099-R since I only received one in 2020.

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Covid 19 disaster relief

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Excess 401k Deferral for 2019 Tax Year

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Confused about roth contributions

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taxes on Traditional 401k conversion to Roth 401k ?

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What is the Federal ID number for the Thrift Savings Plan retirement plan set up for postal employees?

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4 Replies 13520 Views

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Please help me understand these questions.

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How to report a distribution from a foreign profit sharing plan in TurboTax?

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3 Replies 1638 Views

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Where to declare distributions from a foreign "profit sharing" plan?

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6 Replies 2191 Views

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My spouse does not have a social security number.

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22 Replies 16537 Views

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Can you contribute to a 401K, an IRA and a Roth IRA at the time?

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5 Replies 50718 Views

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How does the administrator of a IRA report the portion of a RMD that was sent to a qualified charity? What form is used?

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401k withdrawal Cares Act

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Filed but IRS is asking for more information

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Rollover of after tax money from 401k to ira and Roth ira

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Txes

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Contributing to my IRA after I've filed my taxes

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How is the subtraction of WI retirement benefits on line 11 determined in WI tax state form?

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3 Replies 3078 Views

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You issued me a 1099 distribution from a retirement account

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1 Reply 578 Views

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Is this allowed: Roth -> Traditional -> Roth? And how to report gain?

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2 Replies 1312 Views

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Complicated IRA Re-characterization and Conversion spanning 2018 and 2019

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1099R M1 Code...

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5 Replies 8986 Views

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As a USPHS officer on active duty I am not a member of the armed forces. Will I be missing out on potential qualifying tax benefits as a member of uniformed services?

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Is SURS (State University Retirement Systems) traditional or self-managed a 401k? if it is, do I need a 1099 form? where do I get it?

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Retirement savings contribution credit showing blank?

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I file married fling joint with my husband, he only receives SSDI income, I am the only one with earned income, he has a tax offset. Will my refund be intercepted?

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I live in Virginia. I think I can claim up to $12,000 in pension income deductible from my income for Virginia taxes. If that is true, how do I input that in Turbotax?

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1099R -DO I HAVE TO PAY TAXS ON MY traditional IRA.

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Good morning. Do I check the box for retirement plan withdraw if I took a Home Loan from my 401k that I am paying back through my paychecks?

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I have 20+ 1099Rs.How do I get past the 20 limit built into Turbotax to enter them manually in their system since I will be printing/mailing them?

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1 Reply 1126 Views

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1126 Views

I have 5 returns to do in my household what turbotax plan do you recommend I purchase

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1 Reply 1165 Views

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I've always owed about $400 in VA state taxes on retirement income. This year it is zero. Nothing has changed significantly from previous years. What to do?

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If I receive monthly military retirement (ex husband) benefits direct deposited into my ckg acct (from DFAS) what taxable income do I list it under when I file my taxes?

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Should I report money borrowed from ira in dec '16 but paid back in Jan '17

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1 Reply 1491 Views

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1491 Views

I moved my 401K(s) to an IRA last year and filed before I received the 1099-R. It shows the Gross amount and no taxable income. Do I have any need to amend my return?

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1 Reply 1468 Views

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$60,000 in one check with only my dad's name, but can we say it is from my mom and dad to me and my wife?

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7 Replies 3139 Views

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3139 Views

I received fellowship support for my first semester (9/17 -12/17). My 1099 forms aren't available until 2/18. Can I amend my return with my 1099 after filing by 1/31?

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Firefighter/ safety officer deductions?

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I am doing my taxes and i need to report my income w-2 but it is not allowing me to. It says "This type of income is uncommon for people in your situation. "

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1 Reply 1000 Views

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1000 Views

The program is telling me to take 25% off the ct teachers retirement it should be 50%

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1 Reply 1407 Views

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Our taxable joint income slightly exceed 77.4k and I thought I would need an IRA to avoid the 22% bracket, but we're still being taxed at 12%. Any explanations?

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I was on fellowship for part of the year but I don't have a W-2 form, and I'm not a PhD candidate, but in the program. How do I get to the correct form to report?

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Mom died in Feb 2019 & I'm doing her 2018 taxes. The question asked online is did I inherit the IRA. I did, but not until last week (March 2019). Should I answer no?

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Why did my federal refund decrease by almost $3,000 when I entered my 1099R for just under $13,500?

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My son received a UTMA check of $8,000 from his grandfather for H.S. graduation. Does he have to claim as income or file a tax return for this?

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1 Reply 1425 Views

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1425 Views

Should my ssa-1099 income my listed on my 1040a? after filing I looked and it wasn't there, even though I entered it in the questionnaire.

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1 Reply 1051 Views

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Florida Retirement System for a teacher -- How do I answer turbo tax questions about RMD?

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If I withdrew my 401k in NV where i lived and earned, Moved to GA and filed there the next year, can GA tax my 401 k from NV

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I converted my traditional IRA to a Roth IRA at my bank this year. Can I transfer this to Vanguard "in-kind" this year? Does this break the one rollover per year rule?

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How much will I pay in tax this year? I claim 0 with 2500 return. single about 60k a year. taking out 66k this year from my 401k to purchase a new home here in Ca.

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Can I make a contribution to my 401k until 4/15 for 2018? I already have my W2. Where do I list it to get credit for the contribution? Will this reduce my taxable income?

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1 Reply 1140 Views

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I do not qualify for any educational credits because I used my GI Bill Veterans' Benefits, however, Turbo Tax will not let me file stating that I need the form.

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1 Reply 1234 Views

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Should I attach the 1099-G (this is refunds received for state/local tax returns)?

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1 Reply 1542 Views

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For some reason my 1099 G went through twice and caused my refund to go down. How do I fix it?

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Line 5b should contain the taxable amount of your pension. Correct?

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1099R from my pension has Gross distribution in box 1, 2a is blank, box 2b is checked. Dist code 7. The dist shows up on my fed return but is $0 on my NY state return.

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Where do I add the 1099-R for my pension?

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1 Reply 1220 Views

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1220 Views

Is a 401k plan considered a "Traditional IRA" for purposes of inclusion on Line 6 of Form 8606?

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NYSTXWG is on my W-2, what should this be categorized as?

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I have a TSP, can I invest in IRA too ?

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1 Reply 1309 Views

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1309 Views

What is difference between federal government retirement and civil service retirement in lieu of social security retirement

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If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?

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1 Reply 9238 Views

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9238 Views

I receive a 1099-R from Teacher Retirement System of Texas but it does not appear as an option when I try to file my 1099-R from them. What am I doing wrong?

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1 Reply 1217 Views

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1217 Views

I received a 1099 in error, it has my name but not my ssn, can I disregard?

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1 Reply 1334 Views

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I received found money from my deceased mother. Do I claim it on my income taxes?

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1 Reply 1223 Views

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1223 Views

Is a normal distribution code 4 on form 1099r for a teamsters pension distributions a rmd distribution

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1 Reply 2095 Views

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2095 Views

I got a check, my 403-b was terminated. I've not received a 1099-R & need to know a code for box 7? Early distribution no exceptions, I didn't ask for the distribution?

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1 Reply 2086 Views

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2086 Views

How does one determine the RMD of a non-spousal inherited IRA for the first partial year. There were multiple recipients of the inherited IRA.

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I have already filed and just received a 1099R what am I to do now?

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1 Reply 1562 Views

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1562 Views

I need help regarding the RMD portion. I have a pension plan not a 401K

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1 Reply 1151 Views

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I should have taken an earned income credit, is it too late?

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What percentage tax should i withhold closing an IRA account early on top of the 10% penalty for state of AZ? i have to choose how much to withold they cant advise me.

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1 Reply 1141 Views

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Do you have a TurboTax Online account?

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