Retirement Tax Tips and Answers | TurboTax® Support

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 6344 Views

18 Replies

6344 Views

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 7954 Views

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7954 Views

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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36 Replies 11704 Views

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11704 Views

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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5 Replies 2018 Views

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2018 Views

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

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11 Replies 4782 Views

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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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9 Replies 3606 Views

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3606 Views

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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5 Replies 3735 Views

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MAGI for Roth contribution

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1 Reply 795 Views

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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 4709 Views

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Unexpected outcome when trying to amend my 2016 tax return

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2 Replies 1294 Views

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Non-employee Compensation on 1099-MISC not business income

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1 Reply 729 Views

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729 Views

401k rollover to Simple IRA.

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1 Reply 1128 Views

1 Reply

1128 Views

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

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6 Replies 3651 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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3 Replies 1693 Views

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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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4 Replies 2485 Views

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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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4 Replies 2674 Views

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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 7485 Views

9 Replies

7485 Views

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 1569 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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4 Replies 2257 Views

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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 1389 Views

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

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1 Reply 1336 Views

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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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1 Reply 1125 Views

1 Reply

1125 Views

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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2 Replies 1097 Views

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1097 Views

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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1 Reply 2627 Views

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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 1002 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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2 Replies 1090 Views

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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 965 Views

1 Reply

965 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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4 Replies 1745 Views

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1745 Views

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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4 Replies 3761 Views

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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 1041 Views

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1041 Views

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

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7 Replies 2763 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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1 Reply 855 Views

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855 Views

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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1 Reply 918 Views

1 Reply

918 Views

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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3 Replies 1929 Views

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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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1 Reply 3557 Views

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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 1142 Views

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Form 1099-R retirement

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1 Reply 1038 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 861 Views

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861 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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3 Replies 1242 Views

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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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2 Replies 1828 Views

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

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1 Reply 1248 Views

1 Reply

1248 Views

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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1012 Views

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

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4 Replies 3375 Views

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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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3 Replies 1419 Views

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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 979 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 2973 Views

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2973 Views

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 1044 Views

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1044 Views

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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1 Reply 1220 Views

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1220 Views

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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3 Replies 2239 Views

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Reduce 2018 AGI by returning all SSA benifits?

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3 Replies 2026 Views

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2026 Views

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 892 Views

1 Reply

892 Views

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

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6 Replies 2729 Views

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2729 Views

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 960 Views

1 Reply

960 Views

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 1013 Views

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1013 Views

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 3294 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 1153 Views

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1153 Views

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

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1 Reply 999 Views

1 Reply

999 Views

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 3755 Views

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3755 Views

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 994 Views

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994 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 1257 Views

1 Reply

1257 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 1303 Views

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1303 Views

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

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1 Reply 847 Views

1 Reply

847 Views

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 1565 Views

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RMD entry on turbotax

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1 Reply 1397 Views

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1397 Views

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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8 Replies 5911 Views

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5911 Views

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

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1 Reply 1081 Views

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1081 Views

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 5374 Views

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5374 Views

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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1 Reply 1429 Views

1 Reply

1429 Views

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

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1 Reply 1731 Views

1 Reply

1731 Views

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 1054 Views

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1054 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 2416 Views

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2416 Views

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 17138 Views

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17138 Views

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 1308 Views

1 Reply

1308 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 1579 Views

3 Replies

1579 Views

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 966 Views

1 Reply

966 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 996 Views

1 Reply

996 Views

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

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3 Replies 1470 Views

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1470 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 1947 Views

4 Replies

1947 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 2188 Views

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2188 Views

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 2482 Views

6 Replies

2482 Views

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 1422 Views

1 Reply

1422 Views

Minimum retirement age for a disability retirement pension

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1 Reply 1716 Views

1 Reply

1716 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 1148 Views

1 Reply

1148 Views

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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2 Replies 1247 Views

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1247 Views

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 797 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 944 Views

1 Reply

944 Views

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 2592 Views

7 Replies

2592 Views

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 946 Views

1 Reply

946 Views

Medicare Wavier Payments Taxable?

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1 Reply 1870 Views

1 Reply

1870 Views

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 4078 Views

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4078 Views

1099-ltc payout-in-lieu Reimbursed

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2 Replies 1664 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 3511 Views

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3511 Views

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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2 Replies 1031 Views

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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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8 Replies 2335 Views

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2335 Views

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 1121 Views

1 Reply

1121 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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2 Replies 1270 Views

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1270 Views

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 1469 Views

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1469 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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1 Reply 911 Views

1 Reply

911 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 1838 Views

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1838 Views

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 871 Views

1 Reply

871 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 1065 Views

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1065 Views

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

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11 Replies 5376 Views

11 Replies

5376 Views

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 825 Views

1 Reply

825 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 1632 Views

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1632 Views

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 2233 Views

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2233 Views

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

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1 Reply 949 Views

1 Reply

949 Views

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 1972 Views

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1972 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 3454 Views

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3454 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 1207 Views

1 Reply

1207 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 1012 Views

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1012 Views

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 901 Views

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901 Views

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 2835 Views

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2835 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 4698 Views

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4698 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 2916 Views

1 Reply

2916 Views

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