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The Required Minimum Distribution (RMD) is the mandatory amount that must be withdrawn from most retirement accounts each year.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 to report on 2210 form if made Roth conversion for the end of year?

QCD

My 1099R was auto uploaded to the turbotax. My institution does not record the QCD on their forms even though they acknowledge making the payment and say that it is my responsibility to report it. How do I report it on turbotax? Am I supposed to chan... read more

turbotax said to mail my 1099-DA to the irs. what triggered that?

The 1099-DA showed the cost basis but said not covered. there was a small loss. The popup box said "you'll need to mail a paper copy to the IRS" and provided an address in Austin. Under what circumstances is this required?

Social Security Benefits Worksheet not populating in TurboTax 2025 desktop

I just launched the product again and have the latest updates automatically installed. The Social Security Benefits Worksheet lines 2 thru 19 are not populating and I need some of these to complete my state return outside of TT. Yes, I have some valu... read more

How to Report 2025 traditional IRA Excess Contributions Removal on 2025 Return without 1099-R?

I have removed the excess contribution of 2025. I know I will get my 1099 R form next year. But I want to file a correct tax return now without amending next year. How should I file my tax return? Which form should I fill out? Do I still need to fill... read more

When I try to add 1 more 1099-SA, the latest input will overwrite the early input. In a word, turbo tax only allow you input one 1099-SA. I think it is system issue. Why?

Why Turbo Tax can't fix the issue, and how we can report it to Turbo Tax?

New Jersey 401k basis

How to estimate lifetime 401k contributions to accounts where information is no longer accessible ?

1099-R Box 7

When I enter B and 7 in box 7 I get the error:A distribution code of A, B, F, H, or L shouldn't be used for IRA distributions Box 1 has a value of 154.01 and box 2a has a value of 0 on my 1099-R

2025 RMD

My 2025 RMD was short one month. I made the missing withdrawal in January 2026. Form 5329-T is asking to make a selection to indicate whether corrective distribution was taken during the correction window. Do I check "corrected-yes"? Will I still pay... read more

Estate K-1

After entering K-1 info Turbo Tax next takes me to Box 14 Code ZZ and ask to enter:1.State Income Tax Withheld (Backup withholding) and 2. State Estimated Tax credited to you I received Michigan form "MI1041 Schedule K-1 Equivalent" but it doesn't sp... read more