Retirement Tax Tips and Answers | TurboTax® Support

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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10 Replies 2742 Views

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2742 Views

Exemptions Early Distribution IRA

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3 Replies 2437 Views

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

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1 Reply 878 Views

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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 1201 Views

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Roth IRA rollover to precious metals

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2 Replies 478 Views

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478 Views

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

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1 Reply 269 Views

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269 Views

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

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1 Reply 147 Views

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147 Views

How to file foreign private retirement fund assets?

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5 Replies 1149 Views

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Form 8833 and UK pensions

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9 Replies 1337 Views

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Tax on Social Security

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29 Replies 2695 Views

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csa 1099r simplplified method worksheet

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0 Replies 655 Views

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

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1 Reply 725 Views

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725 Views

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

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1 Reply 503 Views

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503 Views

RMD Excess Accumulation Worksheet error

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1 Reply 630 Views

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630 Views

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 1337 Views

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1099-R form with a blank for State distribution

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6 Replies 1216 Views

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How to file with Excess 401K Contributions

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3 Replies 1607 Views

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

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3 Replies 1950 Views

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1950 Views

Roth IRA excess contributions for multiple years

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14 Replies 5252 Views

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5252 Views

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 6658 Views

20 Replies

6658 Views

Amending Previous 5329's in Turbo Tax

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1 Reply 18835 Views

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18835 Views

Colorado Pension and Annuity Substraction

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1 Reply 6703 Views

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6703 Views

Backdoor Roth IRA Contributions - 2022 & 2023

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11 Replies 8756 Views

11 Replies

8756 Views

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

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1 Reply 1920 Views

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1920 Views

Unearned income

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1 Reply 713 Views

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713 Views

Form 5695

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1 Reply 473 Views

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473 Views

Medical monthly premium

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2 Replies 604 Views

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I paid a babysitter...

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2 Replies 2142 Views

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Wifes Simple IRA and Trad to Roth IRA conversion

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4 Replies 1493 Views

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rental property

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4 Replies 1737 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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1 Reply 1137 Views

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Reporting Excess contribution Roth IRA

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1 Reply 418 Views

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418 Views

TurboTax doubling my IRA contributions

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2 Replies 875 Views

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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 835 Views

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835 Views

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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2 Replies 621 Views

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621 Views

Covid 19 disaster relief

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1 Reply 427 Views

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427 Views

Excess 401k Deferral for 2019 Tax Year

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4 Replies 1230 Views

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Confused about roth contributions

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2 Replies 811 Views

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taxes on Traditional 401k conversion to Roth 401k ?

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1 Reply 545 Views

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545 Views

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

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4 Replies 11745 Views

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Please help me understand these questions.

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1 Reply 346 Views

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346 Views

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

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3 Replies 1221 Views

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

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6 Replies 1586 Views

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My spouse does not have a social security number.

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22 Replies 14325 Views

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14325 Views

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

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5 Replies 48990 Views

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48990 Views

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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2 Replies 786 Views

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401k withdrawal Cares Act

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7 Replies 3870 Views

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Filed but IRS is asking for more information

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1 Reply 467 Views

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

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1 Reply 1037 Views

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1037 Views

Txes

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1 Reply 412 Views

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412 Views

Contributing to my IRA after I've filed my taxes

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1 Reply 453 Views

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453 Views

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

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3 Replies 2566 Views

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You issued me a 1099 distribution from a retirement account

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1 Reply 449 Views

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449 Views

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

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2 Replies 1015 Views

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1015 Views

Complicated IRA Re-characterization and Conversion spanning 2018 and 2019

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1 Reply 507 Views

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507 Views

1099R M1 Code...

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5 Replies 8232 Views

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8232 Views

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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3 Replies 2050 Views

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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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5 Replies 3233 Views

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Retirement savings contribution credit showing blank?

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2 Replies 1193 Views

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1193 Views

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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4 Replies 1611 Views

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1611 Views

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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1 Reply 3364 Views

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3364 Views

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

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2 Replies 1310 Views

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1310 Views

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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2 Replies 1151 Views

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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 841 Views

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841 Views

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

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1 Reply 982 Views

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982 Views

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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1 Reply 776 Views

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776 Views

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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2 Replies 1015 Views

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1015 Views

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

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1 Reply 1182 Views

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1182 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 1197 Views

1 Reply

1197 Views

$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 2510 Views

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2510 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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4 Replies 1809 Views

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1809 Views

Firefighter/ safety officer deductions?

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2 Replies 3959 Views

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3959 Views

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 776 Views

1 Reply

776 Views

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

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1 Reply 1126 Views

1 Reply

1126 Views

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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2 Replies 1146 Views

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1146 Views

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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1 Reply 823 Views

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823 Views

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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5 Replies 1448 Views

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1448 Views

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

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2 Replies 1866 Views

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1866 Views

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 1121 Views

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1121 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 832 Views

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832 Views

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

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1 Reply 1448 Views

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1448 Views

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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1 Reply 1341 Views

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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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7 Replies 2483 Views

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2483 Views

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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1 Reply 1021 Views

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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 969 Views

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969 Views

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 1065 Views

1 Reply

1065 Views

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

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1 Reply 1222 Views

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1222 Views

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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1 Reply 833 Views

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833 Views

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

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1 Reply 899 Views

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899 Views

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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3 Replies 1938 Views

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1938 Views

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

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1 Reply 997 Views

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997 Views

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

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6 Replies 2790 Views

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2790 Views

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

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3 Replies 1694 Views

3 Replies

1694 Views

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

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1 Reply 1109 Views

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1109 Views

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

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1 Reply 937 Views

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937 Views

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 7726 Views

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7726 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 1026 Views

1 Reply

1026 Views

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

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1 Reply 1138 Views

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1138 Views

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

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1 Reply 987 Views

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987 Views

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

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1 Reply 1674 Views

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1674 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 1233 Views

1 Reply

1233 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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3 Replies 2444 Views

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2444 Views

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

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1 Reply 1215 Views

1 Reply

1215 Views

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

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1 Reply 924 Views

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924 Views

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

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2 Replies 1268 Views

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1268 Views

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 868 Views

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868 Views

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