Retirement Tax Tips and Answers | TurboTax® Support

Federal taxes on California paid family leave 1099-G. Can I deduct SDI payments made to California from 1099-G payment?

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9 Replies 4856 Views

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We had too much Medicare tax withheld and TT calculates it correctly on Line 24 of Form 8959 but it doesn't pass through to Line 16 of my 1040. Why not?

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37 Replies 15192 Views

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Since my 1099-B has more than 3000 transactions from Motif Investing, TT cannot import it and tells me to mail in 8453 form with 1099-B. But the 1099-B is 326 pages long.

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18 Replies 8172 Views

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Is form 8959 going to be corrected? TT is calculating and adding additional medicare tax that has already been withheld per my W2. This is causing me to owe more tax.

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12 Replies 9965 Views

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How do I report a Canadian NR4 with income codes 26 and 27 for 2018 and where does the NR Tax Withheld show up on the worksheet?

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On form 1099-DIV why do I pay taxes on the sum of 1a, 1b, and 2b? I never received this money yet it was reinvested.

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How do you enter tuition remission (over $5,250) that is non-taxable as a fringe benefit?

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Inherited IRA from parent. Know how to calculate from bases of estate. I need to know how to enter into TT. There is a tax benefit I can claim. Hope this made sense.

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MAGI for Roth contribution

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Do I need to provide proof of higher education expenses that were paid from an early withdrawal from an IRA? Can I count off campus housing as an expense?

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6 Replies 5844 Views

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Unexpected outcome when trying to amend my 2016 tax return

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Non-employee Compensation on 1099-MISC not business income

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401k rollover to Simple IRA.

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How are Social Security and Medicare tax withheld used to calculate the federal taxable income?

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6 Replies 5287 Views

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I filed my PA state tax returns through Turbotax and I owed $1307 to the state. But my retirement annuities are non taxable in the state of PA. Should I amend?

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My gain in 2018 IRA was $27,000 but I didn’t work in 2018 and this year. Please let me know I am illegible make a legal contribution in 2019 without penalty Best R

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How can I calculate Mass traditional IRA non deductible contributions when I only have records back to 2003 but have contributions in prior years?

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What tax forms should I fill for a return on excess contribution to my 401k? Should I report in “Miscellaneous Income section or Retirement Plans and Social Security”?

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I contributed and then performed a backdoor Roth in Feb '18 for '17 tax year. My broker will not give a 1099. How do I report my '17 tax year backdoor Roth w/o a 1099?

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9 Replies 8700 Views

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I retired from New Jersey to North Carolina August 1, 2017. To which state do I report Federal retirement income?

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1 Reply 1928 Views

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How do I avoid paying additional tax for converting from Traditional to Roth IRA if rollover from pretax 401K to Tra IRA occurred after the conversion both in 2017?

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How to handle a Roth recharacterization that transferred too much back to the Traditional IRA?

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1099 dividends and distributions. I copied return from last year. But I do not see that the mutual funds have transferred over. Do I have to enter them all in again?

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3 Replies 1882 Views

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CP2000 in regard to missing 1099-R report for Roth IRA excess contribution

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I'm retired with no W-2's. I pay estimated State taxes. Where do I enter my SALT information on my Federal return (for the last time)? Thanks.

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I have a 1099 made out to me, but I reported it on a business return. I have to enter it on my 1040..where do I deduct the amount so that the net effect is neutral?

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Accidentally I deposited extra amount onto my wife's IRA account. Can I withdraw that without paying any penalty? Instead of single 1500$, I deposited double 1500$

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Is there a reason that every time I return to my Turbo Tax for 2016, the dates I had entered on the Oregon Info Worksheet Part VI for Federal Pension Service are missing?

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2 Replies 1307 Views

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Backdoor Roth. Do I report a 2016-R for non-deductible IRA that I created in Jan 2016 for 2015 year on my 2016 return even though I reported it on my 2015 return?

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Why did my husband’s ex-employer not deduct social security from RSU’s granted in 2016, deducted only income tax. He has not maxed out on his social security taxes.

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1 Reply 1299 Views

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1299 Views

1099-R I've entered the 1099-R's but they are not flowing into my 1040, so the tax owed is under what it should be

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Do I need to include the amount in box 12 code p from my W-2 into the TT software if my reimbursement was 100%?

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Is the public employees retirement pension received from Mississippi taxable for a person living in Ma on the Ma State tax return

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1 Reply 1319 Views

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How to input IRA contributions and backdoor roth that is made in 2018 but for 2017 ?

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7 Replies 3761 Views

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I received a k-1form1065 from a 401k investment. Do I need to record this in 2018 tax return? Thanks.

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1099 S from the sale of the an inherited house in MA. I live in MD. When I entered the 1099 S the MA state download popped up. Will I have to submit a tax form to MA?

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Do I report a RMD for a traditional pension and three annuities that all have fixed annual amounts taken in monthly installments?

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1099-R with code 3 in box 7 for a disability pension at an age younger than the minimum work retirement age......

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I need to file 1099R forms for both myself and my wife on our joint return. Unfortunately, Turbotax immediately puts my name on both 1099R forms.

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1 Reply 1467 Views

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Form 1099-R retirement

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1 Reply 1487 Views

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Can I withdraw an IRA contribution I make on my 2018 tax return in 2019? I am 66 years old and already taking some distributions from my IRA.

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1 Reply 1122 Views

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1122 Views

I'm ready to file, but line 10, taxable income, is $3,099 Line 11 Tax = $0. I checked IRS tax tables, shows from $3,050 - $3,100 TAX is $308, could you please explain.

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Why do I owe a penalty for Excess contribution to Roth IRA when it was aconversion from a Traditional IRA to a Roth IRA?

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Mutual fund legal settlement distribution shows up on 1099B, where to report this?

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Are "W-2 other compensation" eligible IRA contributions? I retired fr the City. All City retirees receive $350 monthly less FICA. City sends W2 $4,200 "other comp" yearly

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I received a 1099R from my insurance company. Do I state it was an RMD?

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How do I correct a failure to file a 2014 1099-R reporting a Roth distribution correcting an excess 2013 Roth contribution? I'm on my 2016 taxes now?

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My husband retired in July 2016, his shares were sold back to the company per policy. Do we need to file a K1 for the first 6 months?

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1 Reply 1352 Views

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In a year in which an RMD is taken, can a proportion(RMD value/total value) of the asset based fees for the 401k be taken as an investment expense?

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9 Replies 4157 Views

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Can a married couple with both partners working (or recieving a pension) cover their total tax withholding requirement on only one partners job?

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1 Reply 1353 Views

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Are the yearly 401-a distibutions my retired (school teacher) wife has been getting for years considered RMDs or does it even matter?

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If I receive gift from of, say, $100,000 from a trust for a deceased, do I have to pay tax on it?

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Reduce 2018 AGI by returning all SSA benifits?

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How do I enter my roth conversion when i did not receive a 1099r because the conversion was made in the next year, but before the deadline?

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1 Reply 1253 Views

1 Reply

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T-IRA to Roth conversion prompting me to explain excess contribution?

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6 Replies 3655 Views

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Is there anything I need to do for my SEP-IRA account since I didn’t have any self employed income in 2018 and also may not have any in the next a few years?

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1 Reply 1344 Views

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Form 1099-R shows my early withdrawal and my regular withdrawal, but Turbo Tax tells me the entire amount is early withdrawal. How do I get around this?

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1 Reply 1365 Views

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I am rolling over a 401K disbursement delivered to me by a check, within 60 days. I have no other income. Do I have to file a 1040A, a 1040EZ, or nothing?

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5 Replies 4212 Views

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If the basis of a non-deductible IRA is sufficient, can a distribution be fully non-taxable on F8606 or is it always partially taxed until basis is zero?

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1 Reply 1526 Views

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What can I do to bring forward the taxable amount from a 1099R instead of the entire amount?

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1 Reply 1326 Views

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My w-2 box 20 says "VDI P,P #" and box 19 doesn't have a $ amount, it has "#247-62314" - what does this mean? I cannot enter a "#" in turbo tax

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3 Replies 4739 Views

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If I have a pension from State of Florida, and am currently a resident of Alabama, is this pension taxable on Alabama state return?

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1 Reply 1476 Views

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1476 Views

I made excess contributions to my 401K (job change). How do I account for this? Add the excess back to the income from second employer? No 1099-R form received.

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1 Reply 1732 Views

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1732 Views

Do i enter 5500 or 0 for trad ira cost basis? i did not submit form 8606 in 2014 and i added 5500 this year to ira. contributed twice (2014 and 18). will send 14' 8606.

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3 Replies 1843 Views

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Where/how do I enter data from a form 1099-Q?

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1 Reply 1235 Views

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My Pension 1099-R from NJ does not include boxes past 13. I live in SC. No taxes were taken out. Is this taxable in SC?

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2 Replies 2078 Views

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RMD entry on turbotax

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1 Reply 1821 Views

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My employer checked box 13, Ret. Plan, even though I made no contributions in 2018. My traditional IRA contributions are not tax-deductible now. How should I proceed?

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Do I have to claim my wife’s $3900 on our taxes?

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1 Reply 1451 Views

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Do I need to report on 2017 return or amend 2016 return if I recharacterized a Roth contribution made in March 2016 to a traditional IRA in Feb 2017?More details below.

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8 Replies 6687 Views

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My 1099-R box 15 includes premiums withheld for Health Benefits and Dental/Vision; in Turbo Tax, box 15 = Local Tax information. Where do I enter health premium data?

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1797 Views

How do you find a 1099R plan cost at annuity starting dae when it started in 2009

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1 Reply 2288 Views

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How do i add a traditional IRA ($5500) i opened years ago but did not report on taxes? i make too much, so no deduction

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1 Reply 1523 Views

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1523 Views

In 2015 I made an after-tax contribution to Trad IRA. In Jan of 2016 I recharaized that contribution to Roth IRA. Now I have a 2016 taxable withdrawal from my Trad IRA.

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9 Replies 3649 Views

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I received a 1042-S with income code 15, exemption code (chapter 3) 04. I am looking for information on where to enter this information in TT.

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17 Replies 19820 Views

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Everything I read about MLP’s, they shouldn’t be bought in an IRA/Roth because UBT of $1,000 causes problems. I got a K-1 in my IRA with a $1000 UBT.

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1 Reply 1741 Views

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1741 Views

W-2G Summary Elective deferrals - SP $37K is more than the allowed $18500 for a 401k plan. The program is wrong because W-2G summary - 12a is D + 12a is E respectively.

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3 Replies 2206 Views

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TurboTax wants a W2 state and zip code but I have none (retired) and won't let me submit without it. How do I proceed?

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1 Reply 1418 Views

1 Reply

1418 Views

I used funds from a Roth IRA to build a home. It was not my first home. Can I claim it on my taxes?

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1 Reply 1437 Views

1 Reply

1437 Views

Why is the taxable amount in my 1099r 2a not reflected in my 1040 4b?

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3 Replies 2085 Views

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2085 Views

Can I enter more than 20 1099-Rs? I have 24 1099-R forms, only 20 were imported, seems to be a limit.

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4 Replies 2933 Views

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2933 Views

Conversion from traditional IRA to Roth IRA where traditional IRA contained contributions from more than one year ago.

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4 Replies 2734 Views

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I made Traditional IRA & Roth IRA contributions in 2016. I exceeded income limits for that year. Both values become basis carryover as of 12/31/2018. What should I do?

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6 Replies 3249 Views

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Just received a check from Fidelity on the 401k over payment for 2018. Didn't receive any other paper with regards to the overpayment. How do I proceed now?

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1 Reply 1816 Views

1 Reply

1816 Views

Minimum retirement age for a disability retirement pension

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1 Reply 2161 Views

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2161 Views

Does rollover from 403b to IRA-Roth need to go through a traditional IRA? Do new tax laws make pro-rata rule irrelevant in this instance?

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1 Reply 1512 Views

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I have $1300 in pension and $600 in interest and dividend. No W2, If I make an IRA contribution my federal tax owed goes up, why

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Can I contribute to my traditional IRA for 2018, after having done an excess removal from my Roth IRA for 2018?

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1 Reply 1116 Views

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Traditional IRA rules

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How do I document a Roth conversion/recharacterization that may have been incorrectly reported on 2017 tax return?

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1 Reply 1205 Views

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How to roll over 401k to IRA? No option for conversion to IRA. Change will not save. Reverts back to taking distribution and recording as ordinary income.

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7 Replies 3438 Views

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Do I need to report 1099-R distributions on my 2017 return when the taxable amount in box 2a is $0?

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1 Reply 1425 Views

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Medicare Wavier Payments Taxable?

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1 Reply 2311 Views

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I have k-1 income and 401(k) contributions above the box 13 code R limit. How do I get the full deduction on line 28 of the 1040?

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11 Replies 5486 Views

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1099-ltc payout-in-lieu Reimbursed

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2 Replies 2355 Views

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How do I report a Converted IRA - Traditional opened 10 years ago, converted to ROTH in 2018. Haven't received any 1099-R. It’s neither a withdrawal nor contribution!

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10 Replies 4711 Views

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Why does the 1099r section ask what I did did with Retirement $$, whether I moved it to another acct or cashed it out? I do have it deposited directly. This new 2 me.

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I opened an inherited IRA account just long enough to receive the funds and cash out the account. What are the tax ramifications of doing so?

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How do I enter an IRA Rollover which was fully distributed from one bank and rolled over into a different bank within the 60 day period?

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1 Reply 1420 Views

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1420 Views

Why does Turbo Tax use the higher gross amount rather than the lower taxable amount on my Civil Service 1099R?

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Wife is retired,I am still working. I'm covered by 401k which I contribute to. Is deductible IRA contribution avail for wife? Married filing jointly, MAGI of $129,903.Tks

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3 Replies 1960 Views

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1960 Views

I worked in Oregon, but live in Washington State. I had to sell part of my IRA from home in Washington, there for the IRA isn’t subject to Oregon Tax, how do I fix this?

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1234 Views

How do I indicate that a qualified HSA funding distribution is for the prior year? Where can I check that it is being treated correctly?

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3 Replies 2362 Views

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If 10 years ago I contributed too much to my ira and subsquesntly removed it, do I answer yes or no in turbotax to "Any excess IRA contributions prior to 2017?"

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1 Reply 1128 Views

1 Reply

1128 Views

Past 4 years of Roth IRA excess contributions. Thought my account was a traditional IRA and filed taxes with 3 of the 4 taking the deduction. How to handle?

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2 Replies 1418 Views

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Is a distribution from an inherited IRA considered investment income for purposes of EITC?

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11 Replies 7128 Views

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I took money from an IRA in 2018 and I know I pay an early withdrawal penalty. Where can I see that amount in TurboTax?

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1 Reply 1096 Views

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1096 Views

Turbotax claims excess contribution to a non-governmental 457b plan, blocks file. Gave 37000 catch-up contribution for year before retirement to my GOVERMENTAL 457b.

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2 Replies 2058 Views

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I did not take the RMD's for 2011-2017. I am asking for a waiver on all penalty taxes, due to reasonable error. Do I file these forms with my 1040 for 2018 or separately?

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5 Replies 2956 Views

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Excess 401k contribution 2018, tried to report as Miscellaneous Income but still can't efile

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1 Reply 1335 Views

1 Reply

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Roth Excess Contribution in 2018 - Returned in 2019 with taxes withheld. Do I need to report in 2019 AND amend my 2018 returns later?

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3 Replies 2381 Views

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2381 Views

I withdrew money from my E Trade Roth IRA, contributions only, not earnings. However when I put that information into Turbo Tax it cuts my refund in half.

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3 Replies 4798 Views

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4798 Views

If the younger spouse has the 401K, does the RMD caluation refer to his birthdate (701/2 year)? Even if filling jointly?

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1 Reply 1917 Views

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1917 Views

As a retired individual (66) my income is Social Security and two pensions. Is it possible to annually "recharacterize" a portion of my IRA ($6500) as a Roth IRA?

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2 Replies 1425 Views

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Made contributions to IRA before 4/18/17 for 2016 to an IRA account Bank in Ga. my residency is Ohio. Do I Have to file GA tax return?

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1 Reply 1137 Views

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I transferred money from my "inherited" Tsp, was my wife. I used the option to transfer if to my roth IRA. My 1099-r says I owe no taxes. when do I need to pay taxes?

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8 Replies 3936 Views

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3936 Views

Friend took early 401K w/drawal of $10,000 in 9/16. She makes $24,000 before that w/draw. Turbo decreased her fed + state return by $5800. Is that a correct calculation?

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8 Replies 5968 Views

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5968 Views

Do I need to report interest earned in an employee provident fund (India) in US Tax Return? It's a retirement pension plan account and I can't withdraw money from it.

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1 Reply 3604 Views

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