Retirement Tax Tips and Answers | TurboTax® Support

Retirement tax questions

How do I add FORM 5329 to my online filing of TT?

TT asks questions about requesting a waiver for missed 2021 RMD, but do I also need to complete form 5329 and then print TT and mail?

Second Backdoor Roth Conversion In Same Year Question

Hello. I requested to convert my entire traditional IRA to a Roth IRA (aka backdoor Roth). Because of a delay in processing, after the conversion there was $0.20 left in my traditional IRA. I believe $0.20 was interest that accumulated between time o... read more

Past Contribution to Roth IRA

Yes, I've had an Roth IRA for more than 5- years. So what? Why is Turbo Tax (for the IRS) asking what were my contributions were. I am 80, those contributions go back 30-40 years ago! I never contributed more than allowed. So now what? Tell them to s... read more

TAKING OUT TRADITIONAL IRA WHEN YOU ARE 59 1/2 ,,HOW MUCH TAXES CAN I PLAN ON IRS TAKING OUT? I AM TAKING OUT TO PAY MY HOUSE OFF ...ABOUT 40 THOUSAND ?

Form 1099R Box 2a is blank. but Box 2b (taxable amount not determined) is checked. How do I know how much in box 1 is taxable?

If I leave form 1099R as received, the taxable amount is "not determined" although I am pretty sure that the Gross Distribution is fully taxable. Please advise.

IRA withdrawal for purposes of a rollover

I have an existing IRA that I wanted to use to fund a new IRA with a different trustee. Can I just transfer funds from the existing IRA to the new one and still keep the funds tax deferred? It's not a complete withdrawal, just a partial transfer of t... read more

Excess after-tax contributions to a traditional 401(k) - An unusual situation

Hello, I'd be very grateful for any information on how to appropriately resolve the following issue. In 2021, I made after-tax unmatched contributions to my traditional 401(k), and in the same year, rolled over the contributions and earnings to a Rot... read more

My 1099-k includes income from purchases that were ultimately returned and refunded. The income section does not allow a negative value. Where do I offset the refunds?

This is for an online reselling business, the online platform sends the 1099K

What do I do if I didn't receive my SSA-1099 form?

It keeps asking about a SSA 1099R form information but I also get SSI and it’s telling me I didn’t get a 1099R form . So what do I do ?

Reporting of Private Canadian Pension (NR4) and 1099-R substitute (4852) for 2020?

Good afternoon,Until last year income tax (2019), I always enter my private Canadian pension form NR4 using a 1099-R substitute ( form 4852), but this year I received the message that the form 4852 cannot be file electronically? Is it an error? If no... read more

I had to take out my state retirement to keep my house out of foreclosure. The remainder of the money I put into a ROTH IRA.

Am I still subject to the 10% early withdrawl penalty. I was 57 when I took it out and now I am 58.

I have a 1099-S. Where do I input that info in turbotax?

Roth IRA Direct Transfer If Check Issued

I am trying to transfer Roth IRA funds from broker to bank. If broker sends a check from my Roth account made payable to <> FBO, For Benefit of <> and sends to my address, and then I bring to the bank but I don't cash this check but rather bring this... read more

Turbo tax reports incorrect 1099-R gross distribution amount

1099-R is inputted showing correct amount in box 1 and box 2a. Turbotax form, however, shows correct amount for box 2a but incorrect amount for box 1. Why might that be? (box 2b is unchecked; Distribution code is 7D.