Retirement Tax Tips and Answers | TurboTax® Support

RMD taken correctly, but penalty assessed

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73 Replies 7356 Views

73 Replies

7356 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 49398 Views

21 Replies

49398 Views

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

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26 Replies 14560 Views

26 Replies

14560 Views

Inherited IRA

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1 Reply 75 Views

1 Reply

75 Views

WI state and 1099R

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10 Replies 917 Views

10 Replies

917 Views

1099R

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3 Replies 2379 Views

3 Replies

2379 Views

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

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6 Replies 1752 Views

6 Replies

1752 Views

SSA taxable amount is 9

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2 Replies 372 Views

2 Replies

372 Views

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

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63 Replies 59783 Views

63 Replies

59783 Views

Medicare Deduction from Soc Sec

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15 Replies 14880 Views

15 Replies

14880 Views

Traditional IRA contributions after Jan 1 increasing Fed tax

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2 Replies 3628 Views

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3628 Views

Form 2210ai Questionnaire Is Ignoring Estimated Payments

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1 Reply 1949 Views

1 Reply

1949 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 1389 Views

7 Replies

1389 Views

1099-R Distribution Codes

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2 Replies 1125 Views

2 Replies

1125 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 5194 Views

16 Replies

5194 Views

401A INPUTS

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5 Replies 1290 Views

5 Replies

1290 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 4050 Views

16 Replies

4050 Views

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

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9 Replies 6080 Views

9 Replies

6080 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 6354 Views

8 Replies

6354 Views

How to handle Corrected 2024 SSA-1099

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0 Replies 3540 Views

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3540 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 495 Views

2 Replies

495 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 1971 Views

8 Replies

1971 Views

Question about Birth and Adoption Early Withdrawal from 401k

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5 Replies 4797 Views

5 Replies

4797 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 6286 Views

15 Replies

6286 Views

Earning and Loss Calculation for Recharacterization

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3 Replies 17523 Views

3 Replies

17523 Views

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

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7 Replies 8094 Views

7 Replies

8094 Views

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

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3 Replies 3208 Views

3 Replies

3208 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 3169 Views

10 Replies

3169 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 2384 Views

7 Replies

2384 Views

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

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1 Reply 1684 Views

1 Reply

1684 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 91304 Views

41 Replies

91304 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 3735 Views

6 Replies

3735 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 677 Views

3 Replies

677 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 3602 Views

7 Replies

3602 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 6743 Views

30 Replies

6743 Views

IRA back door pro data

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8 Replies 2980 Views

8 Replies

2980 Views

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

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2 Replies 1103 Views

2 Replies

1103 Views

Massachusetts Taxable IRA distributions

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49 Replies 53442 Views

49 Replies

53442 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 3880 Views

4 Replies

3880 Views

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

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1 Reply 673 Views

1 Reply

673 Views

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

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3 Replies 2116 Views

3 Replies

2116 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 2929 Views

4 Replies

2929 Views

Entering RMDs for inherited roth IRAs

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1 Reply 1670 Views

1 Reply

1670 Views

How to report Backdoor IRA contribution?

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5 Replies 2996 Views

5 Replies

2996 Views

1099-R doesn't differentiate contributions and earnings

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1 Reply 2888 Views

1 Reply

2888 Views

Where do i report a 1099 o the form?

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3 Replies 765 Views

3 Replies

765 Views

Backdoor Roth IRA conversion not working

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5 Replies 1979 Views

5 Replies

1979 Views

MA Tax-exempt pension

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25 Replies 8810 Views

25 Replies

8810 Views

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

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10 Replies 6939 Views

10 Replies

6939 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 1474 Views

3 Replies

1474 Views

TurboTax Online: where are other withholdings?

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7 Replies 3863 Views

7 Replies

3863 Views

Taxing on Monthly Pension Payments

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4 Replies 2940 Views

4 Replies

2940 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 852 Views

4 Replies

852 Views

Form 1116 does not result in full Foreign tax credit

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5 Replies 3366 Views

5 Replies

3366 Views

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

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8 Replies 8490 Views

8 Replies

8490 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 982 Views

4 Replies

982 Views

Amended 2023 resulting in excess Roth per form 5329

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3 Replies 1196 Views

3 Replies

1196 Views

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

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6 Replies 14971 Views

6 Replies

14971 Views

direct rollover from one eligible account to anothre

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1 Reply 1315 Views

1 Reply

1315 Views

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

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2 Replies 968 Views

2 Replies

968 Views

1099-R state tax witholding box 14

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1 Reply 356 Views

1 Reply

356 Views

2024 Backdoor Roth Conversion impacting fed

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2 Replies 6892 Views

2 Replies

6892 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 13254 Views

78 Replies

13254 Views

IRS calculates taxable Social Security benefits differently from TurboTax

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23 Replies 48562 Views

23 Replies

48562 Views

How do you enter a retired clergy housing allowance?

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9 Replies 3425 Views

9 Replies

3425 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 1505 Views

3 Replies

1505 Views

pension, how to access the simplification worksheet online

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1 Reply 919 Views

1 Reply

919 Views

PRIVATE Pension Showing as a Deduction in Missouri

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4 Replies 2044 Views

4 Replies

2044 Views

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

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8 Replies 3261 Views

8 Replies

3261 Views

ACI amount

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1 Reply 575 Views

1 Reply

575 Views

GAINS AND LOSSES

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1 Reply 442 Views

1 Reply

442 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 4218 Views

3 Replies

4218 Views

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

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3 Replies 2201 Views

3 Replies

2201 Views

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

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2 Replies 3214 Views

2 Replies

3214 Views

Form 8606 prior year basis

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5 Replies 1927 Views

5 Replies

1927 Views

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

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3 Replies 1560 Views

3 Replies

1560 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 2124 Views

5 Replies

2124 Views

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

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7 Replies 3196 Views

7 Replies

3196 Views

Excess 401K ROTH contribution

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10 Replies 4055 Views

10 Replies

4055 Views

Social security line 6b

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2 Replies 825 Views

2 Replies

825 Views

Turbotax incorrectly include Roth IRA conversion into NJ taxable income

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4 Replies 3743 Views

4 Replies

3743 Views

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

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1 Reply 3958 Views

1 Reply

3958 Views

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

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11 Replies 6763 Views

11 Replies

6763 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 3509 Views

6 Replies

3509 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 3898 Views

8 Replies

3898 Views

Rollover and Pretax payments.

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6 Replies 3833 Views

6 Replies

3833 Views

Excess 401k Contribution and rolled over to IRA account

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3 Replies 3102 Views

3 Replies

3102 Views

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

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0 Replies 462 Views

0 Replies

462 Views

Missouri nontaxable retirement income for public school teachers

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3 Replies 2400 Views

3 Replies

2400 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 1725 Views

2 Replies

1725 Views

Traditional IRA to backdoor Roth IRA conversion reported as taxable income

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4 Replies 10068 Views

4 Replies

10068 Views

How to correct the 8606 which turbotax did incorrectly?

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11 Replies 1619 Views

11 Replies

1619 Views

Roll excess 529 contribution to another account

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5 Replies 2612 Views

5 Replies

2612 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 7634 Views

17 Replies

7634 Views

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

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0 Replies 1301 Views

0 Replies

1301 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 4527 Views

2 Replies

4527 Views

Where do I enter the tax paid on Rmd

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5 Replies 2967 Views

5 Replies

2967 Views

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

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1 Reply 407 Views

1 Reply

407 Views

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

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1 Reply 9830 Views

1 Reply

9830 Views

2024 1099-R non qualified distribution glitch

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1 Reply 1172 Views

1 Reply

1172 Views

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

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2 Replies 2763 Views

2 Replies

2763 Views

401K and ROTH early withdrawal New York State

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1 Reply 1365 Views

1 Reply

1365 Views

2023/2024 Backdoor Roth Contribution

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2 Replies 1142 Views

2 Replies

1142 Views

Roth IRA Withdrawl of contributions - NJ State Tax Question

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2 Replies 1391 Views

2 Replies

1391 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 2303 Views

8 Replies

2303 Views

Backdoor Roth IRA

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4 Replies 759 Views

4 Replies

759 Views

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

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1 Reply 1935 Views

1 Reply

1935 Views

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

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3 Replies 1954 Views

3 Replies

1954 Views

maryland military retirement income exclusion not showing?

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1 Reply 611 Views

1 Reply

611 Views

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

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1 Reply 992 Views

1 Reply

992 Views

Catch-Up Contributions to 403(b) in 2024

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2 Replies 2690 Views

2 Replies

2690 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 1191 Views

3 Replies

1191 Views

Where can I find carryover? Can it be zero?

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1 Reply 1705 Views

1 Reply

1705 Views

Entering Social Security information

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1 Reply 344 Views

1 Reply

344 Views

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

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0 Replies 4532 Views

0 Replies

4532 Views

Does military retirement pay count as a qualified plan?

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5 Replies 11314 Views

5 Replies

11314 Views

spousal ira zero deduction

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4 Replies 2294 Views

4 Replies

2294 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 13434 Views

11 Replies

13434 Views

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

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5 Replies 12539 Views

5 Replies

12539 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 5329 Views

10 Replies

5329 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 542 Views

3 Replies

542 Views

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

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2 Replies 2132 Views

2 Replies

2132 Views

SEP IRA contribution is not lowering my net income?

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4 Replies 1791 Views

4 Replies

1791 Views

10% Penalty on Corrective Distribution from Roth IRA

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6 Replies 7431 Views

6 Replies

7431 Views

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

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7 Replies 5682 Views

7 Replies

5682 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 17222 Views

13 Replies

17222 Views

HSA tax year correction

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4 Replies 3552 Views

4 Replies

3552 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 3828 Views

1 Reply

3828 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 2019 Views

8 Replies

2019 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 1566 Views

4 Replies

1566 Views

Reporting canadian social security benefits

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25 Replies 14561 Views

25 Replies

14561 Views

Partial Roth conversion of IRA distribution

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5 Replies 4676 Views

5 Replies

4676 Views

TT not ready for 1099-R?

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1 Reply 2234 Views

1 Reply

2234 Views

Social Security

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7 Replies 3251 Views

7 Replies

3251 Views

IRA distribution listed incorrectly as inherited on my tax form

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1 Reply 529 Views

1 Reply

529 Views

What does this mean: Were Any Roth IRAs Open?

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3 Replies 5300 Views

3 Replies

5300 Views

Qualified Distribution- Birth

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1 Reply 2639 Views

1 Reply

2639 Views

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

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3 Replies 6929 Views

3 Replies

6929 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 1433 Views

5 Replies

1433 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 8578 Views

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8578 Views

PA 401k tax

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1 Reply 661 Views

1 Reply

661 Views

Add/Edit Investments and Savings

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3 Replies 3287 Views

3 Replies

3287 Views

How would you like to upload your 1099-INT?

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1 Reply 988 Views

1 Reply

988 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 10585 Views

15 Replies

10585 Views

Are company pension plans subject to RMD?

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20 Replies 26371 Views

20 Replies

26371 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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