Retirement Tax Tips and Answers | TurboTax® Support

RMD taken correctly, but penalty assessed

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74 Replies 7602 Views

74 Replies

7602 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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8 Replies 3839 Views

8 Replies

3839 Views

My 1099-R for my Roth IRA distribution shows the code " T " in box 7. What gives?

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64 Replies 60037 Views

64 Replies

60037 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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13 Replies 13757 Views

13 Replies

13757 Views

Form 1099-Q

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1 Reply 212 Views

1 Reply

212 Views

TurboTax Online: where are other withholdings?

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10 Replies 4025 Views

10 Replies

4025 Views

1099-B PDF upload to TT online version

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4 Replies 520 Views

4 Replies

520 Views

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

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27 Replies 14649 Views

27 Replies

14649 Views

1009-R Box 7 G, but showing as taxable in Federal Review

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5 Replies 690 Views

5 Replies

690 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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21 Replies 49579 Views

21 Replies

49579 Views

Inherited IRA

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1 Reply 236 Views

1 Reply

236 Views

WI state and 1099R

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10 Replies 2199 Views

10 Replies

2199 Views

1099R

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3 Replies 3420 Views

3 Replies

3420 Views

On the 1099R entry, where do I report a QCD?

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6 Replies 1772 Views

6 Replies

1772 Views

SSA taxable amount is 9

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2 Replies 532 Views

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532 Views

Medicare Deduction from Soc Sec

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15 Replies 15388 Views

15 Replies

15388 Views

Traditional IRA contributions after Jan 1 increasing Fed tax

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2 Replies 5480 Views

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5480 Views

Form 2210ai Questionnaire Is Ignoring Estimated Payments

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1 Reply 2171 Views

1 Reply

2171 Views

My form is asking for OPM 1099-R state distribution amount (box 16). What is this, my 1099-R does not have a box 16?

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7 Replies 1423 Views

7 Replies

1423 Views

1099-R Distribution Codes

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2 Replies 1209 Views

2 Replies

1209 Views

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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16 Replies 5319 Views

16 Replies

5319 Views

401A INPUTS

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5 Replies 1361 Views

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1361 Views

I dont understand this questions that asks you on any periodic payments saying did you receive any payments from this retirement account on a regular basis etc-?

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16 Replies 4182 Views

16 Replies

4182 Views

Does turbotax allow me to use form 1040 instead of 1040SR?

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9 Replies 6179 Views

9 Replies

6179 Views

What are tax implications when HSA custodian refuses to return earnings on excess/mistaken HSA contributions and what can be done to correct this on my tax filing?

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8 Replies 6431 Views

8 Replies

6431 Views

How to handle Corrected 2024 SSA-1099

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0 Replies 3620 Views

0 Replies

3620 Views

TT asks if I made a contribution to a qualified retirement plan. Is a Roth IRA a qualified retirement account? TT Sucks!

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2 Replies 517 Views

2 Replies

517 Views

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 1985 Views

8 Replies

1985 Views

Question about Birth and Adoption Early Withdrawal from 401k

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5 Replies 4887 Views

5 Replies

4887 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 6418 Views

15 Replies

6418 Views

Earning and Loss Calculation for Recharacterization

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3 Replies 17599 Views

3 Replies

17599 Views

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

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7 Replies 8195 Views

7 Replies

8195 Views

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

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3 Replies 3240 Views

3 Replies

3240 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 3234 Views

10 Replies

3234 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 2427 Views

7 Replies

2427 Views

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

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1 Reply 1717 Views

1 Reply

1717 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 91611 Views

41 Replies

91611 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 700 Views

3 Replies

700 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 3656 Views

7 Replies

3656 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 6852 Views

30 Replies

6852 Views

IRA back door pro data

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8 Replies 3041 Views

8 Replies

3041 Views

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

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2 Replies 1111 Views

2 Replies

1111 Views

Massachusetts Taxable IRA distributions

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49 Replies 53614 Views

49 Replies

53614 Views

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 3970 Views

4 Replies

3970 Views

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

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1 Reply 677 Views

1 Reply

677 Views

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

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3 Replies 2141 Views

3 Replies

2141 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 2969 Views

4 Replies

2969 Views

Entering RMDs for inherited roth IRAs

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1 Reply 1685 Views

1 Reply

1685 Views

How to report Backdoor IRA contribution?

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5 Replies 3055 Views

5 Replies

3055 Views

1099-R doesn't differentiate contributions and earnings

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1 Reply 2922 Views

1 Reply

2922 Views

Where do i report a 1099 o the form?

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3 Replies 783 Views

3 Replies

783 Views

Backdoor Roth IRA conversion not working

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5 Replies 2058 Views

5 Replies

2058 Views

MA Tax-exempt pension

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25 Replies 8990 Views

25 Replies

8990 Views

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

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10 Replies 7067 Views

10 Replies

7067 Views

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

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3 Replies 1500 Views

3 Replies

1500 Views

Taxing on Monthly Pension Payments

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4 Replies 2978 Views

4 Replies

2978 Views

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 898 Views

4 Replies

898 Views

Form 1116 does not result in full Foreign tax credit

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5 Replies 3404 Views

5 Replies

3404 Views

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

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8 Replies 8585 Views

8 Replies

8585 Views

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 1017 Views

4 Replies

1017 Views

Amended 2023 resulting in excess Roth per form 5329

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3 Replies 1222 Views

3 Replies

1222 Views

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

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6 Replies 15183 Views

6 Replies

15183 Views

direct rollover from one eligible account to anothre

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1 Reply 1330 Views

1 Reply

1330 Views

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

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2 Replies 992 Views

2 Replies

992 Views

1099-R state tax witholding box 14

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1 Reply 363 Views

1 Reply

363 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6931 Views

2 Replies

6931 Views

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 13346 Views

78 Replies

13346 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 49616 Views

23 Replies

49616 Views

How do you enter a retired clergy housing allowance?

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9 Replies 3536 Views

9 Replies

3536 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 1564 Views

3 Replies

1564 Views

pension, how to access the simplification worksheet online

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1 Reply 934 Views

1 Reply

934 Views

PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 2060 Views

4 Replies

2060 Views

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

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8 Replies 3295 Views

8 Replies

3295 Views

ACI amount

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1 Reply 592 Views

1 Reply

592 Views

GAINS AND LOSSES

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1 Reply 456 Views

1 Reply

456 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 4236 Views

3 Replies

4236 Views

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

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3 Replies 2254 Views

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2254 Views

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

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2 Replies 3244 Views

2 Replies

3244 Views

Form 8606 prior year basis

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5 Replies 1979 Views

5 Replies

1979 Views

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

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3 Replies 1574 Views

3 Replies

1574 Views

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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5 Replies 2165 Views

5 Replies

2165 Views

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

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7 Replies 3330 Views

7 Replies

3330 Views

Excess 401K ROTH contribution

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10 Replies 4140 Views

10 Replies

4140 Views

Social security line 6b

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2 Replies 847 Views

2 Replies

847 Views

Turbotax incorrectly include Roth IRA conversion into NJ taxable income

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4 Replies 3816 Views

4 Replies

3816 Views

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

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1 Reply 3970 Views

1 Reply

3970 Views

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

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11 Replies 6888 Views

11 Replies

6888 Views

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 3643 Views

6 Replies

3643 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 4086 Views

8 Replies

4086 Views

Rollover and Pretax payments.

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6 Replies 3882 Views

6 Replies

3882 Views

Excess 401k Contribution and rolled over to IRA account

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3 Replies 3158 Views

3 Replies

3158 Views

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

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0 Replies 468 Views

0 Replies

468 Views

Missouri nontaxable retirement income for public school teachers

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3 Replies 2425 Views

3 Replies

2425 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 1752 Views

2 Replies

1752 Views

Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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4 Replies 10170 Views

4 Replies

10170 Views

How to correct the 8606 which turbotax did incorrectly?

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11 Replies 1679 Views

11 Replies

1679 Views

Roll excess 529 contribution to another account

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5 Replies 2663 Views

5 Replies

2663 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 7747 Views

17 Replies

7747 Views

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

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0 Replies 1305 Views

0 Replies

1305 Views

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 4564 Views

2 Replies

4564 Views

Where do I enter the tax paid on Rmd

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5 Replies 3109 Views

5 Replies

3109 Views

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

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1 Reply 410 Views

1 Reply

410 Views

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

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1 Reply 9849 Views

1 Reply

9849 Views

2024 1099-R non qualified distribution glitch

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1 Reply 1184 Views

1 Reply

1184 Views

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

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2 Replies 2782 Views

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2782 Views

401K and ROTH early withdrawal New York State

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1 Reply 1368 Views

1 Reply

1368 Views

2023/2024 Backdoor Roth Contribution

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2 Replies 1175 Views

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1175 Views

Roth IRA Withdrawl of contributions - NJ State Tax Question

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2 Replies 1398 Views

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1398 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 2356 Views

8 Replies

2356 Views

Backdoor Roth IRA

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4 Replies 807 Views

4 Replies

807 Views

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

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1 Reply 1963 Views

1 Reply

1963 Views

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

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3 Replies 1969 Views

3 Replies

1969 Views

maryland military retirement income exclusion not showing?

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1 Reply 621 Views

1 Reply

621 Views

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

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1 Reply 1000 Views

1 Reply

1000 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 2718 Views

2 Replies

2718 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 1211 Views

3 Replies

1211 Views

Where can I find carryover? Can it be zero?

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1 Reply 1713 Views

1 Reply

1713 Views

Entering Social Security information

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1 Reply 352 Views

1 Reply

352 Views

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

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0 Replies 4557 Views

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4557 Views

Does military retirement pay count as a qualified plan?

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5 Replies 11454 Views

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11454 Views

spousal ira zero deduction

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4 Replies 2337 Views

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2337 Views

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

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5 Replies 12738 Views

5 Replies

12738 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 5451 Views

10 Replies

5451 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 567 Views

3 Replies

567 Views

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

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2 Replies 2182 Views

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2182 Views

SEP IRA contribution is not lowering my net income?

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4 Replies 1850 Views

4 Replies

1850 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 7515 Views

6 Replies

7515 Views

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

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7 Replies 5738 Views

7 Replies

5738 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 17623 Views

13 Replies

17623 Views

HSA tax year correction

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4 Replies 3665 Views

4 Replies

3665 Views

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 3905 Views

1 Reply

3905 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 2058 Views

8 Replies

2058 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 1602 Views

4 Replies

1602 Views

Reporting canadian social security benefits

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25 Replies 14658 Views

25 Replies

14658 Views

Partial Roth conversion of IRA distribution

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5 Replies 4737 Views

5 Replies

4737 Views

TT not ready for 1099-R?

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1 Reply 2306 Views

1 Reply

2306 Views

Social Security

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7 Replies 3353 Views

7 Replies

3353 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 538 Views

1 Reply

538 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 5528 Views

3 Replies

5528 Views

Qualified Distribution- Birth

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1 Reply 2772 Views

1 Reply

2772 Views

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

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3 Replies 7099 Views

3 Replies

7099 Views

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 1471 Views

5 Replies

1471 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 8639 Views

3 Replies

8639 Views

PA 401k tax

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1 Reply 671 Views

1 Reply

671 Views

Add/Edit Investments and Savings

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3 Replies 3576 Views

3 Replies

3576 Views

How would you like to upload your 1099-INT?

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1 Reply 1060 Views

1 Reply

1060 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 10776 Views

15 Replies

10776 Views

Are company pension plans subject to RMD?

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20 Replies 26550 Views

20 Replies

26550 Views

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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