Retirement Tax Tips and Answers | TurboTax® Support

After i put in the 1099-nec and now its asking me to describe the reason for this 1099-nec why is it asking me this

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HELP! Can’t remove incorrect SEP donation amount for TurboTax Online Self-Employed version

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The return treats my IRA distribution as "early" even though I'm 61. What can I do to fix that and avoid associated penalties?

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Does SEP RA maximum contribution change due to what?

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On my completed 1040 SR, my form 8606 (IRA) appears but my wife's doesn't . I checked just now: all info for both is entered on TurboTax website. How can I get hers?

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3 Replies 759 Views

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My 1099 shows $808 income. I contributed $808 to my Roth IRA. Your system says "excess contribution of $58." How? I didn't claim any deductions.

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344 Views

How can I get TT to ask me if I have a retirement plan at work again? After clicking state it seems to have gotten confused and disqualified my IRA deposits.

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Where do I file information from my residuals payment statement from SAG-AFTRA?

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Need to reimport Fidelity 1099 k ?

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1 Reply 310 Views

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Pension and ira distributions are differnt values for total and state and it says its wrong but wont let me change it

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1 Reply 400 Views

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400 Views

As a retired nurse, and my benefits include a Medicare Supplement given to me in the form of a 1099Misc. Would this be a Sch C or Sch E? Or another form of income?

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3 Replies 793 Views

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Can I see our SEP donations after we've filed our return? Two of us are making contributions, and I can't find our note for the amount to contribute to each acct.

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6 Replies 1094 Views

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1094 Views

The system is not providing a place to enter my SEP IRA contributions. Where do I enter my SEP contributions?

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10 Replies 2059 Views

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2059 Views

My individual 401k elective deferral is 20,500. why does turbo tax keep flagging it and saying it can not exceed 20500?

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When I look at the form 1040 my husband's and my social secuity are switched

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1 Reply 332 Views

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332 Views

Where do I enter the sale of Collectibles where I did not receive a 1099-B? The only way I have found to enter references "info should match your 1099-B"

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3 Replies 2142 Views

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I took money out of a retirement account for the downpayment on a house. The money was paid back before the 60 day due date. How do I enter that on my tax form

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384 Views

I am amending my 2022 tax return because I forgot to enter my tax payment withheld when I took a minimum retirement distribution. Where do I enter that amount?

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I took a hardship withdrawal from my 401k in 2022 to purchase my first home. This should exempt the withdrawal from the 10% penalty when I file my taxes, correct?

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How do i file a form 5329?

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33 Replies 26306 Views

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26306 Views

How do I find what I contributed to my IRA after I've filed my return?

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5 Replies 1186 Views

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Where do I enter the state taxable percentage from my 1099-R from TRS?

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Can I "write off" two private money loans in the amount of $200,000 that I made to a client over 20 years ago an he has not repaid them?

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4 Replies 936 Views

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936 Views

Do I need to report my SEP IRA contribution to the IRS?

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3 Replies 3078 Views

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1099-R: TT: "Check this Entry. Payer's zip is invalid for electronic filing. You must enter a valid Zip Code for your state." Zip IS accurate, not in MY state. Ideas?

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1 Reply 488 Views

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488 Views

If TurboTax is asking me for my Payer's EIN but that is not on my 1099-NEC, what do I do? (I have my Payer's TIN.)

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1 Reply 343 Views

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343 Views

I received a 1099-K that has my wife's first name and my social security. It should be under my name and social. How can I correct this?

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1 Reply 434 Views

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Made 3K contribution to traditional IRA & 15K to SEP IRA in 2021. Could not deduct 3K as MAGI was too high. Can 3K IRA be carried forward to this year's IRA contribution?

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1 Reply 366 Views

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366 Views

How to submit Form 5500-EZ for an annual return of a one-participant retirement plan?

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2 Replies 2321 Views

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Turbotax shows I had an excess Roth contribution for 2021 but it didn't include my unemployment income that counts toward my total income. Why not?

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I'm a military retiree and have income from Defense Finance and Accounting Service as pension. It's 1099-MISC. How to enter this information?

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IRA conversion to Roth IRA

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Could I make a payment back to my Roth account to lower my tax liability tin 2022 as a result of an early distribution I took in 2020 during COVID?

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297 Views

For RSU sales documented on form 1099-B, why won't TurboTax allow me to specify 0 shares withheld? Is this an application bug?

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Over paid 401k contributions and i had a pop up on turbo tax that showed the amount now i dont see the pop up or next steps how do i go back there?

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I don't know where my 1099-NEC is, what do I do?

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1 Reply 351 Views

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Can turbotax process a contribution to a Cash Balance Plan? If so, how?

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20 Replies 4907 Views

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Does anyone else have problem with TT not grabbing all tax exempt interest from 1099?

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2 Replies 525 Views

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How to input Recharacterization (Roth > Traditional) and Backdoor Roth IRA in TurboTax?

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Why does it ask if it is a RMD when it is a life insurance payout?

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1 Reply 355 Views

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I am confused when entering state refund under income. It will only allow for 2021 or earlier. Also what goes under "total of all of your payments and withholding"

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Why can i only take an $86. credit for a $3000. 529ncontribution. Last yeart accountant reduced income by $3000

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1 Reply 230 Views

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230 Views

Turbo Tax is taxing my retirement income for the state of Mississippi. By state law, this is not state taxable income. Is there a box I missed?

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86 Replies 5831 Views

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How do I report 2022 RMD taken in 2023 under the first-year deadline of April 1, 2023, without a 1099-R?

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I have boxes of 8,9,10,11 on 1099-B for recording the capital loss of index future and option trading in 2022, which I cannot find on Turbo tax.

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Where do i report my 1099-NEC income? The program won't let me edit this.

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I made a big IRA conversion to a ROTH on December 28th, Turbo Tax is applied a $735 penalty to my Indiana return for tax underpayment last year. Why a penalty?

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How do we figure out how much we need to add to our IRAs before tax day?

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I'm in direct sales. & I did not receive a 1099 as it was not required. . I entered my expenses and now need to manually enter my commissions. How do I do that?

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330 Views

Are dividends from mutual funds taxable?

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1 Reply 475 Views

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I have two 1099-B forms from the same company, one for my wife and one for both of us. Can I make one entry or do I have to make separate entries?

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I distributed 70,000 annuity to an IRA and a HSA . The IRA is showing on my tax form as well as the annuity distribution where do I apply the HSA contribution?

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1 Reply 253 Views

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253 Views

I am trying to report Form 1099-B; there is a Code (X) and I do not know how to input it into TurboTax?

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295 Views

How should I categorize a business loan? Not the repayment of principle or interest, but the lump sum of the loan when it's first received.

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How do I delete an entry in the "Other income not already reported on a Form W-2 or Form 1099"? The Revisit button takes me to a page that does not allow for deletion.

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1 Reply 422 Views

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422 Views

How do I deal with an incorrect 1099-R from an insurance company? On the phone they admit there should not have been a 1099, but they have yet to send correction.

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12 Replies 3940 Views

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3940 Views

My 1099-R form line 2a had 0.00 is that mean it is non taxable

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21 Replies 11020 Views

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Is it possible to get TurboTax to deduct my military retirement pay from my Kansas taxable income?

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3 Replies 798 Views

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How is turbo tax calculating my 1099 taxes withheld? None of my 1099's had any income tax withheld, but my tax summary has over $5,000 in taxes withheld.

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3 Replies 674 Views

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I am self-employed and contributed $7,500 to my SEP IRA. Where do I record that? The Fidelity form 5498 did not seem to download to turbotax.

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1 Reply 665 Views

1 Reply

665 Views

How to see my 1099

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8 Replies 3950 Views

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I( had a business loss for 2022 but did have some limited gross income, can I make an IRA contribution for the gross income I received under $1,000.00

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8 Replies 1399 Views

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indiviudal 401K contributions

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1 Reply 374 Views

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I did a 2020 COVID 401k distribution (CARES act). I have until August 2023 to repay it. How do I enter a 2023 repayment?

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I received two 1099-B forms for cash spinoff master brand of $ 4.80 , $ $7.70, $.05, $5.27. Do I have to report these small amounts?

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1 Reply 278 Views

1 Reply

278 Views

How do I correct an Ira over contribution made in 2023 for the year 2022?

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3 Replies 999 Views

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999 Views

After I filed my tax return I got another 1099 in the mail for $5K. I already claimed this amount, but didn't enter it as a 1099. Do I still need to refile?

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2 Replies 519 Views

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Where do enter income from Service Canada Canada pension plan

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Can I write off General Labor without 1099 forms?

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Social security income is registering as $9999999999999999 causing calculation errors when in fact I received no Social security income how do I fix it on the worksheets

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1 Reply 331 Views

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Why am I being taxed twice the amount I am supposed to be paying on for a disaster 401k withdrawal?

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3 Replies 662 Views

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Can I see my taxable income amount?

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1 Reply 315 Views

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Solo 401K Contibutuion allow when there is a Net Loss

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1 Reply 396 Views

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396 Views

I did some action work in 2022. I was sent a W-2 rather than a 1099. However the Turbotax review does not have a W-2 as an option for tax forms.

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1 Reply 233 Views

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233 Views

If I paid Federal income tax on my retirement distributions, is a 8915 necessary?

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437 Views

Where can I find worksheet to calculate taxable amount of social security benefits?

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6 Replies 8261 Views

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8261 Views

Where do I enter my 1099 NEC? TT goes straight to deductions.

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1 Reply 314 Views

1 Reply

314 Views

My employer is making a 2022 401k contribution directly to the financial service company, bot through payroll. How do I show this on my tax return?

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3 Replies 556 Views

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556 Views

Does anyone know where the screen is to enter the general rule amount for a 401k/457b rollover? I typed the wrong number, and now I can't find it.

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2 Replies 525 Views

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Where in Turbo tax is Federal and Sate Tax Withheld to be reported?

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The NYS tax form is taxing my NYS pension. That is incorrect. It is treating it like it is a taxable pension minus $20,000. NYS pension is only taxed federally.

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8 Replies 2857 Views

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Where do I input schedule I part II line 20 on turbo tax where I can say what I am planning to contribute ahead on my IRA deduction. where is this on turbo tax

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1 Reply 279 Views

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279 Views

I received some money and a 1099-R from my mom (who is deceased) from a county retirement plan office of where she worked.

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2 Replies 814 Views

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814 Views

How do I delete a Form 1099-C in Turbo Tax so it doesn't show up?

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1 Reply 416 Views

1 Reply

416 Views

My w2 includes deferred compensation which shows in box 11 as a non qualified plan distribution. does this count as earned income?

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5 Replies 5938 Views

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5938 Views

Where do I enter the amount of "WASH SALE LOSS DISALLOWED"? I don't find on the 1099-B that Turbotax provided nor my brokerage provided a special code W.

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1 Reply 530 Views

1 Reply

530 Views

When both spouses are over 55 before the tax filing deadline, each can contribute an additional $1,000 to their HSA accounts, raising the limit to $9,300 for 2022. True?

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2 Replies 525 Views

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525 Views

TT not carrying pension amount to Maryland Form 502, line 1d and Form 502R, line 1

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1 Reply 278 Views

1 Reply

278 Views

Why am I not able to file my taxes? Form 1099-NEC "A link to Schedule C or another form is something we need to get your info in the right place...

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35 Replies 10039 Views

35 Replies

10039 Views

Does Turbo Tax treat a monthly benefit from a state retirement system defined benefit plan as an annuity?

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1 Reply 273 Views

1 Reply

273 Views

Where to enter 1099-Q

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2 Replies 489 Views

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489 Views

I retired and found that the pension didn't take out enough taxes for me last year. I owe lots of fed and state tax for 2022. Is this due at once or are payments OK?

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1 Reply 262 Views

1 Reply

262 Views

The instructions to "place SEP IRA contributions" in the search box only circles back to do the same thing!); were can I "really" go to make my annual SEP contribution?

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7 Replies 1280 Views

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1280 Views

Husband quit job & withdrew 401K sometime in 05/22.Our child was born in 06/22. We received the 401K payment in 07/22.Do we qualify for the "Qualified Birth distribution?

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1 Reply 286 Views

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286 Views

I received a substitute statement for 1099. Where do I enter in Turbo Tax during the interview portion? Thanks

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4 Replies 1393 Views

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1393 Views

What do I do with benefits repaid to ssa in Box 4?

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1 Reply 321 Views

1 Reply

321 Views

How can I add another 1099

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2 Replies 513 Views

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My broker (TD Ameritrade) sent me a consol. tax statement The last 52 have the 1099-B details. Do I upload the consol. form or just the 1099-B details?

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2 Replies 1284 Views

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On Form 1099-INT, Box 15 - State, I get an error and can't continue without picking a state. TX is not an income tax state and so is not listed in the drop-down.

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6 Replies 1692 Views

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1692 Views

My home state of Utah has a new Social Security Benefits Credit for 2022, however Turbo Tax does not let me claim this. What can I do?

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4 Replies 1113 Views

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1113 Views

Where do I get to the Form 2106 on my return. I click on the drop down selection, but all I get is info, it does not take me to the form?

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1 Reply 239 Views

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239 Views

What does "LA(Louisiana) total adjustments to income applicable to LA should be entered since there is a corresponding amount from the federal return" mean?

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1 Reply 265 Views

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265 Views

TT is correctly calculating excess HSA contributions of 1165 between myself and my spouse. TT then states I have an excess contribution of 1400. Is this a bug?

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1 Reply 222 Views

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222 Views

I got a 1099-MISC but the money was rolled into my retirement account by my financial advisor so it wasn't income to me. What do I do with this?

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15 Replies 2666 Views

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Keep getting error msg:missing info in 1099-NEC.I've put in all the info on the 1099-NEC doc from the payer. Can't figure out what is missing in TurboTax.

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18 Replies 8102 Views

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8102 Views

I am trying to enter my 1099 NEC income and the screen keeps going to expenses. Where do I enter this 1099 NEC income?

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1 Reply 386 Views

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386 Views

Can I contribute to both SEP IRA and a Roth IRA in the same year? I am self-employed/sole proprietor with no employees.

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2 Replies 757 Views

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757 Views

I came into TurboTax Via Fidelity, why are they asking for money?

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7 Replies 2449 Views

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2449 Views

The "SEP IRA contributions" search does not have a jump-to link. How can I directly access this workflow?

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3 Replies 625 Views

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625 Views

I’ve filled my taxes here, and they were approved, and choose to pay in instalments, but I’ve gotten no direction as to where to start paying? What’s the next step?

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1 Reply 240 Views

1 Reply

240 Views

Has anyone resolved "needs review" error after entering 1099-G? All info is accurate/complete per what the State provided. Have deleted/restarted, same result each time.

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11 Replies 4458 Views

11 Replies

4458 Views

Venmo did not give me a 1099-k this year, how do I file my monthly statements and what do I label them as?

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1 Reply 340 Views

1 Reply

340 Views

Solo 401k contribution stuck, can't remove

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4 Replies 1557 Views

4 Replies

1557 Views

How can I check the digital currency box on the front page of Form 1040?

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1 Reply 454 Views

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454 Views

I already filed my 2022 federal taxes and committed to contribute to our Roth IRAs but I failed to record the amount for each one. Where can i find that?

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2 Replies 449 Views

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449 Views

I have two 1099r distributions from the same entity but different account that are the same amount. Turbo tax keeps saying it is a duplicate

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1 Reply 499 Views

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499 Views

Our taxable income was $100,290. and we paid total tax of $18,939. Our summary page indicates an effective tax rate of 10.31%. Is that correct?

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2 Replies 602 Views

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602 Views

When you file your 1099-nec with turbo tax do they take out for social security

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1 Reply 320 Views

1 Reply

320 Views

paying 1/3 early retirement distribution

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7 Replies 1164 Views

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1164 Views

Where do I enter income from pensions in Switzerland?

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1 Reply 350 Views

1 Reply

350 Views

I received a 1099 from my new employer. Where do I enter the information on my turbo tax?

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2 Replies 621 Views

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1099-C

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3 Replies 698 Views

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Form 8915-F

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3 Replies 787 Views

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On my 1099-R form Box 7's distribution code says S. It's not letting me move on because it says "The IRA/SEP/SIMPLE box should be checked on your form" But it's not.

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1 Reply 362 Views

1 Reply

362 Views

Why the deductible IRA contribution was changed after my return was e filed. Before I clicked last button to e-file, everything looked good.

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9 Replies 1214 Views

9 Replies

1214 Views

Where do I enter social security income on my turbo tax form?

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1 Reply 390 Views

1 Reply

390 Views

How do I change my state tax payment from automatic withdrawal to a check since I will mail in my return?

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1 Reply 425 Views

1 Reply

425 Views

Do I have to file the 1099-C with a code G?

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5 Replies 8388 Views

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8388 Views

How do i enter my income from ebay if I didn't qualify for an 1099?

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3 Replies 554 Views

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554 Views

Do i include IRA amounts contributed thru employer 401k program?

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1 Reply 412 Views

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412 Views

I'm trying to enter 1099-B sales info for an ESOP, but when asked 'What type of investment did you sell?', there is no option listed for ESOP. What should I select?

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15 Replies 4478 Views

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4478 Views

On a 1099-R Box 7, it asks for a distribution code but only allows one to select one. So I can't put "4D" in it. (I have to select either 4 or D.

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1 Reply 270 Views

1 Reply

270 Views

How do i delete a pick up contribution from my state taxes?

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1 Reply 532 Views

1 Reply

532 Views

Should I have a Blended Tax Rate of 121%?

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1 Reply 395 Views

1 Reply

395 Views

Unable to e-file FORM 8915-F for coronavirus distribution Section C auto populated "coronavirus" and throws an error when e-filing. Unable to edit online.

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1 Reply 267 Views

1 Reply

267 Views

How can I edit form 5329? TurboTax doesn't have the correct values in it.

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6 Replies 1867 Views

6 Replies

1867 Views

how to report backdoor?

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3 Replies 2099 Views

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2099 Views

What is the difference between the 1099 and W-2 ?

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I have already filed my 2022 return. Where can I find how much I need to contribute to my individual 401k before the April deadline?

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1 Reply 248 Views

1 Reply

248 Views

“Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2022”

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5 Replies 3693 Views

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Where do I enter 1099-DIV entry in turbo tax for box 2f (non-dividend distributions)?

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1 Reply 335 Views

1 Reply

335 Views

How can I fix an error generated from the 1099-K reconciliation section?

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2 Replies 1174 Views

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Empty message--can't be deleted

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1 Reply 494 Views

1 Reply

494 Views

Form 8606 line 4 for backdoor

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0 Replies 271 Views

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SEP-IRA Contribution

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1 Reply 848 Views

1 Reply

848 Views

Why do I have tax on my 1099R when I had tax removed from the distribution?

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2 Replies 622 Views

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My 1099 R form does not have my 14 characters state number? what do i do

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1 Reply 244 Views

1 Reply

244 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Self Employed Online