Retirement Tax Tips and Answers | TurboTax® Support

If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS?

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8 Replies 1203 Views

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Question about Birth and Adoption Early Withdrawal from 401k

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5 Replies 3306 Views

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3306 Views

What is the formula Turbotax uses to calculate the Effective tax rate shown on the cover sheet?

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25 Replies 11787 Views

25 Replies

11787 Views

Form 8960 is using my social security benefits to calculate Net Investment Income Tax. Anyone have this problem?

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15 Replies 4554 Views

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Earning and Loss Calculation for Recharacterization

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14851 Views

How do I enter 1099-R Massachusetts state retirement pension which is exempt from state taxes?

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7 Replies 6352 Views

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PA early withdrawal 401k what to choose and how to determine basis

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3 Replies 2143 Views

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2143 Views

How do I change this? I've followed instructions for back-door roth. Line 4b of the 1040 should be $0, but it kept showing $7,000 as taxable amount.

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10 Replies 2243 Views

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2243 Views

How do I get the full deduction for Louisiana START contributions for MFJ? TurboTax limits to $2400 per beneficiary when it's really $4800 per beneficiary for MFJ.

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7 Replies 1487 Views

7 Replies

1487 Views

FORM 4852 (substitute for Form 1099-R), where is Form IT 1099-R?

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1 Reply 1163 Views

1 Reply

1163 Views

I received a Schedule K-1 for an investment in an IRA account. Should a Schedule K-1 been issued for an investment in an IRA account?

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41 Replies 83675 Views

41 Replies

83675 Views

I'm a NJ tax filer and received a W-2 for a nonqualified plan distribution, some of which is taxed in NJ (line 20a) or excluded (line 20b). How do I enter in Turbotax?

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6 Replies 2947 Views

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2947 Views

How do you populate Form 5329 line 6 for taxable amounts related to a tax-free scholarship in TurboTax for distributions not subject to the 10% penalty?

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3 Replies 396 Views

3 Replies

396 Views

Box 7 on a 1099-R is blank. No code! Northern Trust says there should NOT be a code. TurboTax says it needs a code. What now?

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7 Replies 3028 Views

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3028 Views

Does Form 1116 Line 18 calculate correctly? The IRS instructions allow adjustments to be made for qualified dividends yet the system does not appear to do this. Thoughts?

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30 Replies 4931 Views

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IRA back door pro data

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8 Replies 2147 Views

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1099 R minimum distribution is showing a penalty when I took the correct RMD

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Massachusetts Taxable IRA distributions

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49 Replies 49621 Views

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Do I need to claim inherited HSA distribution on my taxes? If so, how should I respond to TurboTax online prompts to correctly claim this income?

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4 Replies 2515 Views

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2515 Views

How can I get a copy of my 1099-R from State Street Retiree Services for Qwest Communications International, Inc?

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19 Replies 46731 Views

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46731 Views

Mega backdoor 1099R has H and G, it shows as total by adding both, wrong?

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1 Reply 430 Views

1 Reply

430 Views

I have two different 1099-R forms from the same investment company. What should I do?

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3 Replies 1582 Views

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RMD taken correctly, but penalty assessed

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63 Replies 5176 Views

63 Replies

5176 Views

Husband is retired NYPD. We don't live in NYC and form NYC1127 is saying we owe over $1200. We never paid this when he was employed. Did I do something wrong?

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4 Replies 2292 Views

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Entering RMDs for inherited roth IRAs

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1 Reply 1455 Views

1 Reply

1455 Views

How to report Backdoor IRA contribution?

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5 Replies 2304 Views

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1099-R doesn't differentiate contributions and earnings

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1 Reply 2070 Views

1 Reply

2070 Views

Where do i report a 1099 o the form?

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3 Replies 492 Views

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492 Views

Backdoor Roth IRA conversion not working

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5 Replies 1506 Views

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MA Tax-exempt pension

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25 Replies 7663 Views

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"Allowable elective deferrals" on Keogh, SEP and SIMPLE Contribution Worksheet

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I deleted the form 6252 and it still shows up during the "check portion" before I e-file

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3 Replies 1154 Views

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TurboTax Online: where are other withholdings?

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7 Replies 2391 Views

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Taxing on Monthly Pension Payments

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4 Replies 2035 Views

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I got a message from Turbo tax that due to an error in your software i am not getting the $20,000 pension exclusion. how can this be corrected?

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4 Replies 488 Views

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Form 1116 does not result in full Foreign tax credit

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5 Replies 2837 Views

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2837 Views

My 1099-B has Federal Income Tax Withheld. Where do I list it?

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8 Replies 7655 Views

8 Replies

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How do I report an IRA distribution from Puerto Rico if I am a not a resident of the Island. I am however a US Citizen residing full time in USA?

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4 Replies 606 Views

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Amended 2023 resulting in excess Roth per form 5329

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3 Replies 894 Views

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Do i need to attach a 1099r form to my state return or my federal return

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6 Replies 13199 Views

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direct rollover from one eligible account to anothre

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1 Reply 1072 Views

1 Reply

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Why does turbo tax say I owe PA state tax on a post tax 401K distribution?

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2 Replies 720 Views

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720 Views

1099-R state tax witholding box 14

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1 Reply 288 Views

1 Reply

288 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6226 Views

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Had two jobs but one W2 since employers used a PEO. Had too much social security withheld. TT won't let me amend Line 11/Sched3 since it thinks it's one job. How to fix?

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78 Replies 11913 Views

78 Replies

11913 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 46445 Views

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How do you enter a retired clergy housing allowance?

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9 Replies 2612 Views

9 Replies

2612 Views

Can't finish my e-filing because it states "NYS withholding can not be greater than or equal to gross distribution or state distribution" My line 14a is less than gross

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3 Replies 1191 Views

3 Replies

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pension, how to access the simplification worksheet online

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1 Reply 622 Views

1 Reply

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PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 1403 Views

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TurboTax doesn't seem to calculate my Roth IRA Contribution Limit correctly

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8 Replies 2558 Views

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ACI amount

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1 Reply 347 Views

1 Reply

347 Views

GAINS AND LOSSES

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1 Reply 228 Views

1 Reply

228 Views

"Enter Prior Year Roth IRA Contributions" seems to auto-include mega backdoor roth (rollover) amounts. Is that right or wrong?

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3 Replies 3460 Views

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2024 Taxes on Inherited Traditional IRA RMD distribution not being calculated in Turbo tax

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3 Replies 1490 Views

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how does Ttax figure tax on social security - interest and dividends?

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2 Replies 2461 Views

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Form 8606 prior year basis

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5 Replies 1520 Views

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Excess contribution to IRA in DEC 24 and took out the money in FEB 25.

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3 Replies 1080 Views

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One of our 1099-R forms has both my name and my husband’s name as recipients. How do I enter It on TT?

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Nonqualified Pension Plan i.e., an Amount in Box 11

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7 Replies 1696 Views

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Excess 401K ROTH contribution

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10 Replies 2934 Views

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Social security line 6b

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2 Replies 594 Views

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Turbotax incorrectly include Roth IRA conversion into NJ taxable income

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4 Replies 2647 Views

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1099-R Distribution to be used as startup cost for setting up a Farm Business

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1 Reply 3337 Views

1 Reply

3337 Views

How do I enter retirement income from another country when I don't have an EIN?

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11 Replies 5619 Views

11 Replies

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I recharacterized to roth IRA. 1099-R has dist code 2 in box 7. upon importing the form, TurboxTax says this sum is tax exempt. But this sum gets included as income. Why?

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6 Replies 2869 Views

6 Replies

2869 Views

How enter an RMD for an account where no 1099-R was received as distribution was taken from another account

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8 Replies 2518 Views

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2518 Views

Rollover and Pretax payments.

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6 Replies 2793 Views

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Excess 401k Contribution and rolled over to IRA account

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3 Replies 1828 Views

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Online fix for the 1099 R issue for inherited NQ stretch distributions

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0 Replies 362 Views

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Missouri nontaxable retirement income for public school teachers

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3 Replies 2071 Views

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Entering 1099R from OPM. After I'm done it says, "Needs Review" and my "Enter Health Insurance Amount from Box 5" is always back to $0. Even I enter an amount there. Why

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14 Replies 3869 Views

14 Replies

3869 Views

Cash In Lieu Sales Not Reported in 1099-B - What type of term type to use (uncovered, not recd, unknown)

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2 Replies 1171 Views

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Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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4 Replies 6231 Views

4 Replies

6231 Views

How to correct the 8606 which turbotax did incorrectly?

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11 Replies 1060 Views

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1060 Views

Roll excess 529 contribution to another account

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5 Replies 1819 Views

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1819 Views

Check this entry error received upon final review. Error states "Form 1099-B Worksheet (TD Ameritrade) Sales Price is not between prescribed upper & lower limits?

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17 Replies 6491 Views

17 Replies

6491 Views

Turbotax for 2024 tax return -- calculating 2024 RMD with a mistake

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0 Replies 1038 Views

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I get retirement pay from the military and have a 1099-R but the program acts like I withdrew money early. Also not sure if qualified or non qualified plan

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2 Replies 4075 Views

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4075 Views

Where do I enter the tax paid on Rmd

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5 Replies 1476 Views

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PA Form 1099-R, where do you mail it, when you file online

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1 Reply 311 Views

1 Reply

311 Views

Why am I getting taxed on traditional IRA with only backdoor contributions?

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1 Reply 8446 Views

1 Reply

8446 Views

2024 1099-R non qualified distribution glitch

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1 Reply 965 Views

1 Reply

965 Views

Turbotax Online 2023 Backdoor Roth contribution made in 2024 appearing as taxable in my 2024 return. Help!!

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2 Replies 2460 Views

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401K and ROTH early withdrawal New York State

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1 Reply 1015 Views

1 Reply

1015 Views

2023/2024 Backdoor Roth Contribution

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2 Replies 855 Views

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Roth IRA Withdrawl of contributions - NJ State Tax Question

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2 Replies 1082 Views

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1082 Views

How do I report additional tax on excess accumulation in qualified retirement plans? (Didn't take RMD from IRA)

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8 Replies 1664 Views

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1664 Views

Backdoor Roth IRA

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4 Replies 482 Views

4 Replies

482 Views

2024 New York taxes not applying the 20% tax credit for Long Term Care Premiums

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1 Reply 1496 Views

1 Reply

1496 Views

Overcontribution 401k in 2023, 1099-R reported in 2024, amend 2023 tax return?

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3 Replies 1638 Views

3 Replies

1638 Views

maryland military retirement income exclusion not showing?

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1 Reply 499 Views

1 Reply

499 Views

1099R state tax withheld not showing up on my TurboTax return.

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1 Reply 830 Views

1 Reply

830 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 2054 Views

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2054 Views

Am I supposed to enter the "Fair Market Value of Account" listed on the Form 5498 in Turbotax where it asks for total value of all IRA's?

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3 Replies 873 Views

3 Replies

873 Views

Where can I find carryover? Can it be zero?

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1 Reply 1456 Views

1 Reply

1456 Views

Entering Social Security information

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1 Reply 266 Views

1 Reply

266 Views

Bug report: Incorrect calculation of taxable IRA distribution for Roth conversion

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0 Replies 3710 Views

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3710 Views

Does military retirement pay count as a qualified plan?

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5 Replies 9760 Views

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9760 Views

spousal ira zero deduction

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4 Replies 1505 Views

4 Replies

1505 Views

Why am I being asked to "Enter Prior Year Roth IRA Contributions". I have been retired over 15 years and haven't made a contribution since there. I have no records.

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11 Replies 10564 Views

11 Replies

10564 Views

Is a 1099-R the same thing as a W-2?

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5 Replies 9940 Views

5 Replies

9940 Views

My wife and I are subject to IRMAA adjustments in addition to the regular Medicare premiums. Are these adjustments deductible?

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10 Replies 4065 Views

10 Replies

4065 Views

I did not take RMD this year, ho3wever it continues to show up as income in Turbo Tax. When hit "review" i cannot see RMD so cannot delete

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3 Replies 332 Views

3 Replies

332 Views

Roth 401(k) to Roth 401(k) Rollover

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2 Replies 1426 Views

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SEP IRA contribution is not lowering my net income?

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4 Replies 1218 Views

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1218 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 4914 Views

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How should I report a cash liquidation distribution when no 1099-B is reported to the IRS?

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7 Replies 4545 Views

7 Replies

4545 Views

I did a 401k rollover to an IRA and TurboTax is showing it as income. Is that accurate?

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13 Replies 12060 Views

13 Replies

12060 Views

HSA tax year correction

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4 Replies 2346 Views

4 Replies

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1. 1099-R (PJ), amendment needed? 2. Check This Entry: IRA Contributions Worksheet: Line 7 - Excess traditional IRA contribution credit

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1 Reply 3137 Views

1 Reply

3137 Views

I sold mutual funds in India. How do I reflect that in TurboTax as I dont have a 1099-B. TurboTax keeps saying that I need to send a copy of 1099-B to IRS ?

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8 Replies 1469 Views

8 Replies

1469 Views

I have made 26000 in nondeductible ira contributions. Last form 8606 form 1999 only shows total basis of 2000 as do all prior 8606. How do I show correct total basis?

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4 Replies 1254 Views

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Reporting canadian social security benefits

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25 Replies 12907 Views

25 Replies

12907 Views

Partial Roth conversion of IRA distribution

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5 Replies 3481 Views

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3481 Views

TT not ready for 1099-R?

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1 Reply 1780 Views

1 Reply

1780 Views

Social Security

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7 Replies 2298 Views

7 Replies

2298 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 427 Views

1 Reply

427 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 3947 Views

3 Replies

3947 Views

Qualified Distribution- Birth

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1 Reply 1396 Views

1 Reply

1396 Views

After-Tax 401(k) Rolled to Traditional IRA then Converted to Roth

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3 Replies 5841 Views

3 Replies

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Should turbotax not let me e-file when my 1099-r from vanguard and fidelity have amt in 14 (state tax withheld) but not 16 (state distribution)? can this be fixed?

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5 Replies 849 Views

5 Replies

849 Views

Medicare Deduction from Soc Sec

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5 Replies 7036 Views

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7036 Views

Help: Multiple 1099-R forms and need help with "Tell us the value of your Traditional IRA" page

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3 Replies 7406 Views

3 Replies

7406 Views

PA 401k tax

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1 Reply 465 Views

1 Reply

465 Views

Add/Edit Investments and Savings

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3 Replies 2422 Views

3 Replies

2422 Views

How would you like to upload your 1099-INT?

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1 Reply 613 Views

1 Reply

613 Views

I have two entries for box 12, one says D 20 and another says D. Do I need to enter both amounts in Turbotax and if so how?

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15 Replies 8595 Views

15 Replies

8595 Views

Are company pension plans subject to RMD?

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20 Replies 24451 Views

20 Replies

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I received a distribution of my equity interest in an LLC. I did not receive a K1 or a 1099 form for this distribution. Where do i record the LT capital gain?

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7 Replies 1648 Views

7 Replies

1648 Views

Backdoor Roth "conversion" on money already contributed directly to Roth IRA

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15 Replies 25190 Views

15 Replies

25190 Views

2024 Excess Contributions Backdoor Roth (I Had Zero Earned Income)

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To calculate my MAGI, do i need to add 401k contributions back into my AGI?

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5 Replies 16468 Views

5 Replies

16468 Views

Are social security benefits taxable for US citizens living abroad?

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9 Replies 7515 Views

9 Replies

7515 Views

Form 5329 (Ineligible Roth)

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7 Replies 8659 Views

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8659 Views

Where do I enter a bank interest penalty for early withdrawal of savings? Can I just deduct this penalty from my interest earned from same bank?

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8 Replies 2459 Views

8 Replies

2459 Views

Can i reduce my taxable pension by cost of the medical insurance being deducted from my paychecks?

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17 Replies 8703 Views

17 Replies

8703 Views

How can I make a copy of tax return without social security number printed

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9 Replies 13731 Views

9 Replies

13731 Views

While reviewing my 1040 form, line 25c shows federal income tax withheld from "other forms". I cannot figure out where this came from. Please help.

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18 Replies 19900 Views

18 Replies

19900 Views

How to enter a back-door Roth with a balance already in the IRA

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4 Replies 95965 Views

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95965 Views

After tax 401k in plan conversion to Roth 401K

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0 Replies 13738 Views

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Form 8959 and 1040 show different W2 amounts - employer overwithheld medicare tax

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3 Replies 1722 Views

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Filing form 8086 for 2022 during 2023 tax year

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4 Replies 3592 Views

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3592 Views

I'm entering my 11-character Document ID into the field, but I keep getting error message "Please enter the 11-character Document ID without spaces from your Form 1099?

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3 Replies 1108 Views

3 Replies

1108 Views

For Roth Conversion handling by Alabama, The TT screen "Some or All of Your Distribution is Taxable" has two boxes with a big "OR" in between. Why does TT fill both?

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16 Replies 4280 Views

16 Replies

4280 Views

Do we need to report on our taxes that we moved our IRA money from mutual funds to gold in 2022?

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6 Replies 1379 Views

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1379 Views

Roth

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1 Reply 4901 Views

1 Reply

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Do you have a TurboTax Online account?

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