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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

1099-R Box 14a for efiling New York State withholdings can not be greater than or equal to gross distribution or state distribution (nothing in box 16 on my form).

Box 1 and 14 are filled in, box 16 is empty. Wont allow me to emfile

Question regarding Roth IRA withdrawal in 2025

My 72 yo, retired husband had a Roth IRA which was converted from a regular IRA over 20 years ago. In 2024, he took out some of the funds for the first time. In 2025, he withdrew the remainder of the ROTH. Here's where I'm hitting a problem:"Was your... read more

Claiming a backdoor roth conversion

I made a non deductible backdoor Roth IRA contribution total of 6700$ in 2025. I made an additional contribution of 300$ in January of this year 2026 for year 2025 to max my total 7000$ allowed by irs. I only received a 1099r for 6700$ from Schwab an... read more

1099-R Early Distribution Used for First Time Home Purchase

I have two early distributions from IRAs used for first time home purchase ($10K each). First one is from my wife's ROTH IRA. Here 1099-R form has J in box 7 and IRA/SEP/SIMPLE box is unchecked. TurboTax did eventually ask me if there was an exceptio... read more

1099-OID Federal Smart Check Error

TurboTax Desktop Smart Check says the 1099-OID form I received from my financial institution needs a value in Box 1, 2, 8, or 11. My form only has a value in Box 5 (for five US Treasury Notes). All other boxes are blank. I entered the value for Box 5... read more

I received a 10-99 r from an annuity after I filed for 2025 with zero in box 2a. it was a direct roll over from one annuity to another. Do I need to file an amendment?

10-99 r came after I filed for 2025. box 2a is 0 taxable. do I need an amendment?

I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

1099 glitch, how will we know when it is resolved?

Cannot enter or edit info under 1099. Needs review is highlighted, but will not proceed. Forced one entry via form workaround, with the same result, cannot edit.I have PC desktop version Premier, updated. Was told by "help" to uninstall, repair & re-... read more

Inherited IRA

I inherited an IRA from a deceased parent in 2025 from a local S&L. I requested a check and moved those funds into a Merrill Lynch IRA, set up in my deceased parent's name with FBO in my name. I can't seem to figure out where to note this was a rollo... read more