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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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Turbo tax is not calculating the tax correctly on a backdoor roth conversion from a non deductable traditional IRA. How to fix this?

1099R In-plan roth conversion in 2025 Form 1040 Line 5

In 2025 the Form 1040 added information in Line 5.My retirement plan does an After-Tax In-Plan ROTH Conversions and I get a 1099-R with this conversion.I entered the information from my 1099-R and it maps corectly to Line 5a.But, should Line 5c box 1... read more

For my 1st year for RMD withdrawals, how can I enter into Turbo Tax a 1099-R that takes a partial RMD from that IRA and converts the remaining withdrawal to a Roth IRA ?

Turbo Tax keeps sending me into a line of questions of “What is the total value of your IRAs on 12/31/2025 ? Outstanding rollovers ? and Outstanding Recharterization ?”. I do not want to respond to those questions. I plan to make the remaining amount... read more

How does Turbo Tax calculate the maximum amount that can be contributed to a SEP IRA? Can excess contributions be designated for a subsequent tax year?

Why does the $6k deduction not show up on my 1040 for I am 71 years old

Where is the $6k deduction for seniors 65+ on line 13B on the 1040SR document

FEIN not provided by payer on 1099-DIV. This was flagged during review as needed. Should I ignore this or seek this info from Payer?

My 1099-R has an amount in box 2a. TurboTax is asking me to complete the Simplified Method Worksheet. It wants the "Plan cost at annuity starting date." What is this?

1099-R with 0 in box 1 and 67.22 in box 5, code B in box 7

1099-R with 0 in box 1 and 67.22 in box 5, code B in box 7.Is this same as other topics with $0 in box 1?ie does not have to be entered because box 1 amount is 0??

I can't get the online version to prompt me about a missed RMD, and I can't add it under other tax situations. How do I get to form 5329?

I looked at answers from last year on how to get to the form but the questions to trigger the form are not being asked. The AI says to pick an option under other tax situations but I have no idea which question will lead me to form 5329.

Where do I add SSA-1099-SM lump sum received as death benefit from mom? I recvd 2025, I get to the 'What year was the lump-sum for? I will not put it in 2025 only 2024?

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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!

Turbo tax is not calculating the tax correctly on a backdoor roth conversion from a non deductable traditional IRA. How to fix this?

1099R In-plan roth conversion in 2025 Form 1040 Line 5

For my 1st year for RMD withdrawals, how can I enter into Turbo Tax a 1099-R that takes a partial RMD from that IRA and converts the remaining withdrawal to a Roth IRA ?

How does Turbo Tax calculate the maximum amount that can be contributed to a SEP IRA? Can excess contributions be designated for a subsequent tax year?

Why does the $6k deduction not show up on my 1040 for I am 71 years old

FEIN not provided by payer on 1099-DIV. This was flagged during review as needed. Should I ignore this or seek this info from Payer?

My 1099-R has an amount in box 2a. TurboTax is asking me to complete the Simplified Method Worksheet. It wants the "Plan cost at annuity starting date." What is this?

1099-R with 0 in box 1 and 67.22 in box 5, code B in box 7

I can't get the online version to prompt me about a missed RMD, and I can't add it under other tax situations. How do I get to form 5329?

Where do I add SSA-1099-SM lump sum received as death benefit from mom? I recvd 2025, I get to the 'What year was the lump-sum for? I will not put it in 2025 only 2024?

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