Retirement Tax Tips and Answers | TurboTax® Support

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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

Lack of 1099

Financial institution did not send 1099 for retirement account. I have data. How do I enter it in TT

Can I change the taxable amount in Box 2a of my 1099-R to reflect my QCD?

1099-R for a Federal CSA pension. What's this mean: For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?

In TurboTax Form 1040, the box saying my main home was in the U.S. for over half of 2025 is checked. My residence was abroad all year. I cannot find where to uncheck it?

In TurboTax Form 1040, the checkbox stating that my main home was in the U.S. for more than half of 2025 appears to be marked. However, I cannot find any option in Personal Info or other sections to modify or uncheck it. My state of residence for the... read more

This answer has been verified for accuracy by an Intuit expert employee I contributed to a Roth IRA in CY2024 but had no income then withdraw it and earnings in CY2025

I contributed $3000 to a Roth IRA in CY2024. It gained about $800 that year. I had no earned or other income. I did not file Fed income taxes in CY2025 since I had no income. Then in July 2025, I withdrew the $3,000 plus $800 as an excess contributio... read more

Year 5 MACRS Depreciation not calculating

Switched filing status from PY Married Filing Separately to MFJ in current year. Now MACRS depreciation on vehicle used > 50% not calculating for year 5 despite remaining basis. I expected to see at least 1/2 of 11.52% adjusted basis...but I get $0. ... read more

TurboTax is not following the IRS rule of only including an NOL amount equal to 80% (or less) of my taxable income. Is there some way to submit a bug report?

I am amending my 2023 taxes, but TurboTax 2023 does not appear to be following IRS rules for my new situation. I am amending my return because I received a Schedule K-1 which included a "Net Operating Loss Carryforward" (NOL) of $100,000. IRS documen... read more

Why I cannot uncheck the box in rmd difference is $0?

My RMD differnce and what I took out is $0. I accidentally checked one of the boxes and cannot uncheck it without checking the other box. How can I uncheck both boxes?

What were your Roth IRA contributions prior to 2025?

Turbo Tax is asking: What were your Roth IRA contributions prior to 2025? After it asked if my Roth was open since 2011 (5 years)....I have no idea what the total contributions to my Roth have been over 20 years, and neither does my brokerage. The Le... read more