Retirement Tax Tips and Answers | TurboTax® Support

ROTH IRA excess contribution

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17 Replies 7560 Views

17 Replies

7560 Views

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 3654 Views

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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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1 Reply 3187 Views

1 Reply

3187 Views

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

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2 Replies 1831 Views

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1831 Views

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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1 Reply 493 Views

1 Reply

493 Views

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

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1 Reply 267 Views

1 Reply

267 Views

How to file foreign private retirement fund assets?

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5 Replies 1522 Views

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Form 8833 and UK pensions

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9 Replies 2535 Views

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Tax on Social Security

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29 Replies 4112 Views

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csa 1099r simplplified method worksheet

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0 Replies 841 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 842 Views

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842 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 619 Views

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619 Views

RMD Excess Accumulation Worksheet error

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1 Reply 773 Views

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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 2224 Views

9 Replies

2224 Views

1099-R form with a blank for State distribution

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6 Replies 2032 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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3 Replies 2632 Views

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Roth IRA excess contributions for multiple years

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14 Replies 7945 Views

14 Replies

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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 8736 Views

20 Replies

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Amending Previous 5329's in Turbo Tax

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1 Reply 19296 Views

1 Reply

19296 Views

Colorado Pension and Annuity Substraction

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1 Reply 7224 Views

1 Reply

7224 Views

Backdoor Roth IRA Contributions - 2022 & 2023

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11 Replies 9701 Views

11 Replies

9701 Views

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

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1 Reply 2080 Views

1 Reply

2080 Views

Unearned income

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1 Reply 931 Views

1 Reply

931 Views

Form 5695

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1 Reply 606 Views

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606 Views

Medical monthly premium

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2 Replies 786 Views

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I paid a babysitter...

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2 Replies 2898 Views

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Wifes Simple IRA and Trad to Roth IRA conversion

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4 Replies 2004 Views

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2004 Views

rental property

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4 Replies 2744 Views

4 Replies

2744 Views

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 1584 Views

1 Reply

1584 Views

Reporting Excess contribution Roth IRA

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1 Reply 668 Views

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668 Views

TurboTax doubling my IRA contributions

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2 Replies 1196 Views

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1196 Views

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 1105 Views

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1105 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 879 Views

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Covid 19 disaster relief

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1 Reply 654 Views

1 Reply

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Excess 401k Deferral for 2019 Tax Year

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4 Replies 1565 Views

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Confused about roth contributions

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2 Replies 1012 Views

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taxes on Traditional 401k conversion to Roth 401k ?

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1 Reply 691 Views

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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 13039 Views

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Please help me understand these questions.

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1 Reply 435 Views

1 Reply

435 Views

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

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3 Replies 1589 Views

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

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6 Replies 2138 Views

6 Replies

2138 Views

My spouse does not have a social security number.

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22 Replies 16160 Views

22 Replies

16160 Views

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

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5 Replies 50476 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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2 Replies 955 Views

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401k withdrawal Cares Act

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7 Replies 4507 Views

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Filed but IRS is asking for more information

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1 Reply 570 Views

1 Reply

570 Views

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

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1 Reply 1243 Views

1 Reply

1243 Views

Txes

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1 Reply 489 Views

1 Reply

489 Views

Contributing to my IRA after I've filed my taxes

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1 Reply 599 Views

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599 Views

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

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3 Replies 3017 Views

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3017 Views

You issued me a 1099 distribution from a retirement account

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1 Reply 561 Views

1 Reply

561 Views

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

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2 Replies 1280 Views

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1280 Views

Complicated IRA Re-characterization and Conversion spanning 2018 and 2019

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1 Reply 589 Views

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1099R M1 Code...

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5 Replies 8901 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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3 Replies 2337 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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Retirement savings contribution credit showing blank?

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2 Replies 1416 Views

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1416 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 1974 Views

4 Replies

1974 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 3542 Views

1 Reply

3542 Views

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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2 Replies 1342 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 1107 Views

1 Reply

1107 Views

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

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1 Reply 1139 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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1 Reply 912 Views

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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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2 Replies 1191 Views

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1191 Views

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

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1 Reply 1456 Views

1 Reply

1456 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 1442 Views

1 Reply

1442 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 3072 Views

7 Replies

3072 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 2376 Views

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2376 Views

Firefighter/ safety officer deductions?

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2 Replies 4478 Views

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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 966 Views

1 Reply

966 Views

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

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1 Reply 1374 Views

1 Reply

1374 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 1401 Views

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1401 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 1024 Views

1 Reply

1024 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 1765 Views

5 Replies

1765 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 2423 Views

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2423 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 1388 Views

1 Reply

1388 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 1026 Views

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1026 Views

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

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1 Reply 1752 Views

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1752 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 1610 Views

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1610 Views

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 3052 Views

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3052 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 1359 Views

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1359 Views

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 1120 Views

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1120 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 1221 Views

1 Reply

1221 Views

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

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1 Reply 1499 Views

1 Reply

1499 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 1181 Views

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1181 Views

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

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1 Reply 1115 Views

1 Reply

1115 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 2216 Views

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2216 Views

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

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1 Reply 1202 Views

1 Reply

1202 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 3144 Views

6 Replies

3144 Views

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

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3 Replies 1938 Views

3 Replies

1938 Views

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

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1 Reply 1271 Views

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1271 Views

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

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1 Reply 1129 Views

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1129 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 8912 Views

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8912 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 1197 Views

1 Reply

1197 Views

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

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1 Reply 1314 Views

1 Reply

1314 Views

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

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1 Reply 1205 Views

1 Reply

1205 Views

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

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1 Reply 2067 Views

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2067 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 2043 Views

1 Reply

2043 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 2957 Views

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2957 Views

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

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1 Reply 1542 Views

1 Reply

1542 Views

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

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1 Reply 1136 Views

1 Reply

1136 Views

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

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2 Replies 1513 Views

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1513 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 1105 Views

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1105 Views

Do you have a TurboTax Online account?

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