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Retirement tax questions

Video Guide on Entering Qualified Charitable Distributions (QCDs) for the 2025 Tax Year

If you are aged 70 1/2 or older, a Qualified Charitable Distribution (QCD) offers a powerful way to reduce your taxable income while supporting your favorite charities. A QCD is a transfer of funds made directly from your IRA (excluding active SEP or... read more

Retirement Video Guide 2025: Entering Your Required Minimum Distribution (RMD)

The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year. If you turned 73 in 2024 or earlier, understanding these rules and accurately reporting the income on your 2025 tax return... read more

Traditional IRA vs. ROTH IRA: Which is better?

Which is better depends on your financial goals, income, and tax situation. While nobody can predict future tax laws, we have a fairly good understanding that more income usually means higher tax rates. For tax planning you should consider your curre... read more

Retirement Plans: Taxing Distributions!

Is it time to retire? You’ve worked your whole life - setting aside some of your hard-earned dollars to ensure a comfortable retirement. Now it’s time to reap the benefits of your savings! Know your options and gather the knowledge to reduce taxes, e... read more

Retirement Plans: Tax Savings Galore!

The best place to begin your retirement tax savings is with expert knowledge! You’ll find that in the The Golden Years Guide to Tax-Free Retirement, which is filled with great tips from financial experts in-the-know. Most people are familiar with a 4... read more

How to document RMD payment for 2 IRA accounts when the total is paid from just one of the accounts.

I only have one 1099R since there was not distribution from the 2nd account.

Where do I add ss income? Form ssa-1099sm

Why didn't turbo tax use the lump-sum election method for my prior year's social security I entered? How do I confirm how they taxed prior year's income?

I reviewed the SS worksheet and also see that line 6c on the 1040 is not checked.

Did you have a Flexible Spending Account to pay for child or dependent care?

I was shown the question below, but didn't know how to answer it and selected a random response. Now I know the answer, but can't find the question anymore. How to find it? Can this impact my taxes? Product: Turbotax Online Premium 2025

We have the sale of a primary home and have a 1099-S. When entering the details from the 1099-S turboxtax doesn't appear to calculate the $500K cap gains exemption.

"For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?" Re: pension yes for taxable amt is that what Q means?

The question is confusing b/c it asks if you paid tax on the "total" amount. If you pay taxes on the "taxable" amount, isn't the answer to the question = "yes"? (But of course the "gross" amt is higher.) Why is this question being asked?

When I convert 10K from my traditional non-deductible IRA to My Roth IRA in my Fidelity accounts, Turbotax saying I am over the limit of $7,000. ?

I thought this type conversion is called backdoor conversion within two IRA accounts and should have no limit; but need to pay tax only?

How do I enter my 1099-A information. It does not let me.

Error flagged in turbo tax on 1099-R from ROTH distribution with Code Q in Box 7 and IRA/SEP/SIMPLE box checked.

Boxes 1 and 2a are filled out also with the total distribution. Should I ignore this error?

RMD calculation is incorrect..I deleted the 1099 and manually data entered the info but still not correct...any ideas on how to fix?

Turbo tax not crediting the RMD correctly after re enterting the data manually..any suggestion on how to correct?

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Featured Topics

Video Guide on Entering Qualified Charitable Distributions (QCDs) for the 2025 Tax Year

Retirement Video Guide 2025: Entering Your Required Minimum Distribution (RMD)

Traditional IRA vs. ROTH IRA: Which is better?

Retirement Plans: Taxing Distributions!

Retirement Plans: Tax Savings Galore!

How to document RMD payment for 2 IRA accounts when the total is paid from just one of the accounts.

Where do I add ss income? Form ssa-1099sm

Why didn't turbo tax use the lump-sum election method for my prior year's social security I entered? How do I confirm how they taxed prior year's income?

Did you have a Flexible Spending Account to pay for child or dependent care?

We have the sale of a primary home and have a 1099-S. When entering the details from the 1099-S turboxtax doesn't appear to calculate the $500K cap gains exemption.

"For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?" Re: pension yes for taxable amt is that what Q means?

When I convert 10K from my traditional non-deductible IRA to My Roth IRA in my Fidelity accounts, Turbotax saying I am over the limit of $7,000. ?

How do I enter my 1099-A information. It does not let me.

Error flagged in turbo tax on 1099-R from ROTH distribution with Code Q in Box 7 and IRA/SEP/SIMPLE box checked.

RMD calculation is incorrect..I deleted the 1099 and manually data entered the info but still not correct...any ideas on how to fix?

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