Retirement tax questions

No text available

I had to take out a distribution do I need to enter it as income on my taxes??

How can i correct turbotax calculation of rmd on an ira

I've been taking their calculated RMD each year for several years.

No text available

I made excess contributions to my 2024 401K in the amount of $1144. I have requested a return of excess contributions and received a check for 1343 (1144 excess + 199 in gains) I was told I would not receive a 1099-R for the 2024 tax year to reflect this deferral but would receive it in 2025. Fidelity Net Benefits is the administrator. Under payment activity I see the followingPayment Date: FEB 2025  | Taxable amount: $1343 | Non-Taxable Amount: $0 | distribution code: EMy main questions are:How do I report the excess contribution as taxable income for 2024.Do I need to report 1343 or 1144. I read elsewhere that I only report the excess for 2024 and report the gains as income in 2025. But It looks like Fidelity is going to report it all in one sum? I should note that I do not have an official 1099-R from them so I don’t know what it will end up having

No text available

No text available

Is a request for annuity information a part of completing 1099-R pension information?

to fill out and finish my 2025 tax return.

I live in Massachusetts. 1099R payer address is Indiana. Turbo tax says will not file electronically because its not a Massachusetts zip code

No text available

How do I reopen my program for editing after Turbo Tax has closed it?

locality not given

I took a disaster retirement withdrawal in 2024 and split the taxes over three years, and answered all my questions correctly. My wife has no such distribution, but I am stuck on "needs review" and it will not go away. I'm about to lose it.

No text available

Tas Table shows $363 tax, TurboTax says that for 2025, taxable income up to about $24000 has no tax liability

I've added it to the HSA section when I click the option that my "company contributed but it was not reported on my w2" but it does not increase my refund at all so I'm a little confused.

How is the 1099-B amount in TurboTax determined from the IRS Boxes 1d, 1e, 1f, and 1g auto-filled from Morgan Stanley?

No text available

But then when I tried to submit, I needed a irs up number before I can file

how to file form 4852

Need help completing my 2023 taxes (I filed the extension and now they are due Oct 15) with the following scenario: $2,537-excess contribution made on 2/9/2024 for tax year 2023 (year prior contribution to Roth IRA)$67.78-earning from $2537 excess contribution made in 2024 for tax year 2023.Removed both $2537 and $67.78 in 2024 before Oct 15 deadline from Roth IRA. Questions-1) Do I fill out form 5329 for 2023 tax year or 2024 tax year and how so? I believe I will only owe taxes on the $67.78 earnings but not the 10% early withdrawal penalty since I removed before the extended Oct 15 deadline for the 2023 taxes.2) Do I fill out form 1099R only for 2024 tax year or do I need to report for 2024 tax year? 3) Is there anything else that needs to be reported for tax purposes? I want to be able to avoid completing an amended tax return for 2023.  Thank you!

No text available

I completed rollovers from an employer's retirement account to a Roth IRA and to a traditional IRA. The 1099-R listed a "taxable amount" in box 2a (the Roth rollover) and a gross distribution in my case of about 10x that amount, a traditional IRA rollover). The taxable amount was rolled into a Roth, thus 90% is not taxable.  Turbo Tax, the online version, did not transfer the taxable amount to the 1040 as taxable income on line 5b. Turbo tax asks if the distribution is a rollover to a Roth account, and if I check yes, it transfers the FULL DISTRIBUTION on 5b as "taxable", not the actual taxable amount listed. This is clearly a bug. It's been around for years, and it hasn't been fixed.  I tricked the system by creating an additional 1099-R for the Roth rollover, and modified the original 1099-R for just the non-taxable amount. So, then I'd say the fully taxable 1099-R is a Roth rollover, and the non-taxable part is at traditional IRA rollover (not taxable). This made