Retirement Tax Tips and Answers | TurboTax® Support

Have IRA cost basis & did my RMD this year. Also retired & had to take a RMD from my 401K. Do I apply my IRA cost basis to my IRA RMD or my total IRA/401K distribution

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3 Replies

3405 Views

Able savings plan - Received a 1099-QA from distribution from plan and cannot find were to enter it on Turbo Tax

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2 Replies 2160 Views

2 Replies

2160 Views

I have filed my return and am not sure if entered a 1099R rollover. How do I check?

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1 Reply 1091 Views

1 Reply

1091 Views

How to report same year 1099-SA excess contribution (box 2) in addition to normal distribution (box 1)?

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7 Replies 6424 Views

7 Replies

6424 Views

Do I have to pay back ACA credits for the entire year if I earned the income that made me ineligible as a lump sum on July 16th?

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1 Reply 996 Views

1 Reply

996 Views

HOW DO I ENTER A DEDUCTION FOR A CONTRIBUTION MADE TO A SELF-EMPLOYED RETIREMENT PLAN ASSOCIATED WITH 1040, SCHEDULE C PROFITS.

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1 Reply 1075 Views

1 Reply

1075 Views

I am enrolled in a Roth 401k through my employer with a 6% match (going into a separate traditional 401k). Can I still make a deductible traditional IRA contribution?

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1 Reply 876 Views

1 Reply

876 Views

Loss from Roth recharacterization.

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2 Replies 1073 Views

2 Replies

1073 Views

Are the earnings of a partial Roth recharacterization to a NON deductible IRA taxable?

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4 Replies 3144 Views

4 Replies

3144 Views

Is Social security overpayment refund taxable?

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1 Reply 1354 Views

1 Reply

1354 Views

What is the procedure for an overage of 401K but no 1099-R yet?

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3 Replies 1714 Views

3 Replies

1714 Views

I made one contribution to my 401(k) this year prior to being terminated. I am now self-employed. Can I make a deductible IRA contribution? What is the limit?

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1 Reply 962 Views

1 Reply

962 Views

I didn't pay any state/local tax last year when filing my taxes. In my 1099B there is no mention of withheld for state taxes. Do I just add box 17 of my W2 for 1099-G?

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3 Replies 1607 Views

3 Replies

1607 Views

I was sent a letter from the IRS regarding Retirement Income. I withdrew a total of $2000 from my roth IRA in 2016. How to I properly fill in Part III of form 8606?

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1 Reply 879 Views

1 Reply

879 Views

What if I don’t receive a 1099r form?

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1 Reply 1368 Views

1 Reply

1368 Views

I used monies from a retirement fund to buy a second home and paid taxes on what was withdrawn. If I sell home for no gain, will I pay capital gains tax?

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1 Reply 1101 Views

1 Reply

1101 Views

Can with-holding tax from a 2018 IRA distribution be credited toward 2017 taxes?

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1 Reply 950 Views

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950 Views

I live in Louisiana since 9-15-18, I earn no income here. I retired from the CA Teacher Retirement System 7-1-18, I get a monthly benefit, Do I file a LA tax return?

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2 Replies 1208 Views

2 Replies

1208 Views

I made a $6500 nondeductible contribution to my IRA, then I converted this nondeductible IRA to a Roth. Its not reporting it correctly in turbotax

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1 Reply 930 Views

1 Reply

930 Views

I received both a 1099r and b for sale of stock from an esop. When I enter both in it doubles my income and taxes the heck out of it. Is this correct?

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2 Replies 983 Views

2 Replies

983 Views

Is my pension from Texas taxable in Colorado? I moved to CO in 2018 and have always paid federal tax on it.

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1 Reply 1190 Views

1 Reply

1190 Views

I have a form 1099-R for 280,000. We took out from IRA. We out 180,000 back within 60 days. We got a 5498 for the 180,000. How do i enter the 5498?

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1 Reply 1229 Views

1 Reply

1229 Views

Ttax error check implies I don't enter info from 1099B in my return if it "is not reported to the IRS"? This doesn't sound legal tome if I have income!!

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1 Reply 1000 Views

1 Reply

1000 Views

1099-R gets information for me, but won't ask for my wife's information. It was correct for SSA

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1 Reply 931 Views

1 Reply

931 Views

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Have IRA cost basis & did my RMD this year. Also retired & had to take a RMD from my 401K. Do I apply my IRA cost basis to my IRA RMD or my total IRA/401K distribution

Able savings plan - Received a 1099-QA from distribution from plan and cannot find were to enter it on Turbo Tax

I have filed my return and am not sure if entered a 1099R rollover. How do I check?

How to report same year 1099-SA excess contribution (box 2) in addition to normal distribution (box 1)?

Do I have to pay back ACA credits for the entire year if I earned the income that made me ineligible as a lump sum on July 16th?

HOW DO I ENTER A DEDUCTION FOR A CONTRIBUTION MADE TO A SELF-EMPLOYED RETIREMENT PLAN ASSOCIATED WITH 1040, SCHEDULE C PROFITS.

I am enrolled in a Roth 401k through my employer with a 6% match (going into a separate traditional 401k). Can I still make a deductible traditional IRA contribution?

Loss from Roth recharacterization.

Are the earnings of a partial Roth recharacterization to a NON deductible IRA taxable?

Is Social security overpayment refund taxable?

What is the procedure for an overage of 401K but no 1099-R yet?

I made one contribution to my 401(k) this year prior to being terminated. I am now self-employed. Can I make a deductible IRA contribution? What is the limit?

I didn't pay any state/local tax last year when filing my taxes. In my 1099B there is no mention of withheld for state taxes. Do I just add box 17 of my W2 for 1099-G?

I was sent a letter from the IRS regarding Retirement Income. I withdrew a total of $2000 from my roth IRA in 2016. How to I properly fill in Part III of form 8606?

What if I don’t receive a 1099r form?

I used monies from a retirement fund to buy a second home and paid taxes on what was withdrawn. If I sell home for no gain, will I pay capital gains tax?

Can with-holding tax from a 2018 IRA distribution be credited toward 2017 taxes?

I live in Louisiana since 9-15-18, I earn no income here. I retired from the CA Teacher Retirement System 7-1-18, I get a monthly benefit, Do I file a LA tax return?

I made a $6500 nondeductible contribution to my IRA, then I converted this nondeductible IRA to a Roth. Its not reporting it correctly in turbotax

I received both a 1099r and b for sale of stock from an esop. When I enter both in it doubles my income and taxes the heck out of it. Is this correct?

Is my pension from Texas taxable in Colorado? I moved to CO in 2018 and have always paid federal tax on it.

I have a form 1099-R for 280,000. We took out from IRA. We out 180,000 back within 60 days. We got a 5498 for the 180,000. How do i enter the 5498?

Ttax error check implies I don't enter info from 1099B in my return if it "is not reported to the IRS"? This doesn't sound legal tome if I have income!!

1099-R gets information for me, but won't ask for my wife's information. It was correct for SSA

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Topics with Label: TurboTax Premier iOS