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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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

How do I indicate "various" for Box 1c (date sold or disposed) from my 1099-B form?

I'm adding details from a 1099-B form to indicate cap gains/losses. I'm using the summary provided by my broker, which aggregates all the underlying securities sales. I was able to select "various" for Box 1b, which asks for the date of purchase. But... read more

Incorrect Basis on IRA contributions

Here is my timeline on IRA (post tax) contributions: 2022: contributed 725, basis 7252023: contributed 1675, basis 24002024: contributed 2800, basis 52002025: contributed 3700, basis 8900. TurboTax identifying a taxable amount of 2400. When TurboTax ... read more

How do I do "what ifs" using the last years return to figure Roth Conversions?

Inherited IRA had to take an RMD. Paid 10% inc tax at that time. The prgram says the difference between RMD and what i took of $3876is subject to penalty. Why?

where section do i file a 1099-DA i received for crypto?

How do I enter Social Security Income on Form SSA-1099?

where is Form SSA-1099?

Turbotax not handling Roth IRA withdrawal correctly for NJ state

2025 is the first year when both my wife and I have withdrawn from our Roth IRA accounts and we are using the free version of TurboTax provided by Fidelity Investments (most probably premier?). We are filing as married filing jointly. We have (for ea... read more

On my IRA distribution, the amount was directly sent to a charity. How do I indicate that? so that the distribution is non taxable?

Are IRA distributions directly to charity non taxable. Where do I indicate this?

Why is the accuracy check asking me to review a Canadian Pension form that I don't have any have not entered?

Is an income distribution deduction required on a final 1041 or can the estate pay the entire tax owed?.

I am filing the final 1041 for the estate. All funds have been distributed in 2018. Can I choose to have the estate pay the tax rather than pass the liability on to the beneficiaries?