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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1 Reply 3986 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 1897 Views

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Roth IRA rollover to precious metals

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2 Replies 880 Views

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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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275 Views

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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29 Replies 4356 Views

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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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1 Reply 630 Views

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630 Views

RMD Excess Accumulation Worksheet error

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1 Reply 807 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 2325 Views

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1099-R form with a blank for State distribution

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6 Replies 2177 Views

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How to file with Excess 401K Contributions

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3 Replies 2619 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 2700 Views

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Roth IRA excess contributions for multiple years

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14 Replies 8493 Views

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8493 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 8951 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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1 Reply 7274 Views

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Backdoor Roth IRA Contributions - 2022 & 2023

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11 Replies 9797 Views

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

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1 Reply 2101 Views

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2101 Views

Unearned income

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1 Reply 972 Views

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972 Views

Form 5695

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1 Reply 636 Views

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636 Views

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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4 Replies 2070 Views

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rental property

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4 Replies 2839 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 1157 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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4 Replies 1612 Views

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Confused about roth contributions

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taxes on Traditional 401k conversion to Roth 401k ?

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1 Reply 706 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 13601 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 1645 Views

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

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6 Replies 2197 Views

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2197 Views

My spouse does not have a social security number.

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22 Replies 16563 Views

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16563 Views

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

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5 Replies 50728 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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1 Reply 618 Views

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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 3085 Views

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You issued me a 1099 distribution from a retirement account

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1 Reply 581 Views

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

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2 Replies 1314 Views

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Complicated IRA Re-characterization and Conversion spanning 2018 and 2019

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1 Reply 604 Views

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1099R M1 Code...

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5 Replies 9000 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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4 Replies 2001 Views

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2001 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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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 1131 Views

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

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1 Reply 1166 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 1492 Views

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1492 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 1469 Views

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1469 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 3147 Views

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3147 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 2422 Views

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Firefighter/ safety officer deductions?

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2 Replies 4576 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 1001 Views

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1001 Views

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

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1 Reply 1410 Views

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1410 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 1436 Views

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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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1056 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 1813 Views

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1813 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 2500 Views

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2500 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 1426 Views

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1426 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 1052 Views

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1052 Views

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

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1 Reply 1809 Views

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1809 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 1639 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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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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1234 Views

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

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1 Reply 1545 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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1232 Views

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

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1 Reply 1139 Views

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1139 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 2245 Views

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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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6 Replies 3232 Views

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3232 Views

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

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3 Replies 1969 Views

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1969 Views

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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1 Reply 1150 Views

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1150 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 9258 Views

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9258 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 1220 Views

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1220 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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1334 Views

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

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1 Reply 1224 Views

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1224 Views

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

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1 Reply 2096 Views

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2096 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 2092 Views

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2092 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 3013 Views

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3013 Views

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 1152 Views

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1152 Views

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

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2 Replies 1535 Views

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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 1145 Views

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Do you have a TurboTax Online account?

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