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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

I received 1099-R for a 401K rollover. I did NOT take any distribution. Box 2a Taxable amount is $0. Do I still report it on my Turbo Tax Form?

Can I get help? TT won't let me enter 2 1099-SA- I enter one and then when I enter the other, it overwrites the first one. Is this a software problem?

Is anyone having trouble adding 2 1099-SA forms in the online Turbo Tax?

There is $10 of income showing for a 1099 A or 1099 C on the return. I had neither. How do I remove the amount?

how do you remove an amount out for a 1099 A or 1099C?

RMD

I have turned 73 in 2025 and am now required to take RMD's. Why does Turbo Tax instruct you to NOT report a first time RMD required to be taken by April 1, 2026 BUT taken in 2025 for which taxes were paid? Prior answers indicate that on 2026 there wi... read more

How to enter Room & Board expenses in 1098-T / 1099-Q sections

Turbo Tax is not prompting for room & board expenses in this section (only Book expenses). How do I go about entering, in order to get the proper netting of 1099-Q and total college expenses?

Do I need to file Form 8606?

Since I am retired, I no longer contribute to my IRAs, and I am also below RMD age. On the advice of my financial advisor, I did a partial conversion to a Roth IRA from my traditional IRA in both 2024 and 2025, and I made estimated tax payments to co... read more

How to report Pro-rata for backdoor ROTH (Form 8606 doesn't populate box 6)

I did a backdoor ROTH IRA conversion in 2025 of $7k with non-deductible money. I also have an old pre-tax traditional IRA with about $5k. This should trigger the pro-rata rule in form 8606. However TurboTax doesn't seem to be populating it correctly.... read more

Download state street services 1099r 2025

Why does TurboTax say I made an excess contribution to my HSA?

I retired at the end of September 2025; as an employee I was covered by a high-deductible plan and I made contributions to my HSA. As a retiree I was also covered by a high-deductible retiree plan; I made a contribution to my HSA in 4Q25 to bring me ... read more