Retirement tax questions topics

Retirement tax questions topics https://ttlc.intuit.com/community/retirement/discussion/02/209 Retirement tax questions topics Sun, 13 Sep 2020 23:48:15 GMT 209 2020-09-13T23:48:15Z I forgot to add 1099-B info on my TurboTax return now the IRS needs the information I want a copy of the form to fill out to send to the IRS https://ttlc.intuit.com/community/retirement/discussion/i-forgot-to-add-1099-b-info-on-my-turbotax-return-now-the-irs-needs-the-information-i-want-a-copy-of/01/1719838#M111723 This is from my 2918 return Sun, 13 Sep 2020 21:16:19 GMT https://ttlc.intuit.com/community/retirement/discussion/i-forgot-to-add-1099-b-info-on-my-turbotax-return-now-the-irs-needs-the-information-i-want-a-copy-of/01/1719838#M111723 mimalizem 2020-09-13T21:16:19Z How can I over ride turbo tax from a standard deduction to an itemized so that I can make a Roth contribution even though my income was low? https://ttlc.intuit.com/community/retirement/discussion/how-can-i-over-ride-turbo-tax-from-a-standard-deduction-to-an-itemized-so-that-i-can-make-a-roth/01/1719758#M111719 Sun, 13 Sep 2020 17:26:01 GMT https://ttlc.intuit.com/community/retirement/discussion/how-can-i-over-ride-turbo-tax-from-a-standard-deduction-to-an-itemized-so-that-i-can-make-a-roth/01/1719758#M111719 nat12101988 2020-09-13T17:26:01Z I double-entered the tax withheld on an annuity withdrawal. How do I remove the second entry? https://ttlc.intuit.com/community/retirement/discussion/i-double-entered-the-tax-withheld-on-an-annuity-withdrawal-how-do-i-remove-the-second-entry/01/1719756#M111718 I entered $10,908.49 as the withheld amount. I can't find how to delete the second entry. Sun, 13 Sep 2020 17:22:06 GMT https://ttlc.intuit.com/community/retirement/discussion/i-double-entered-the-tax-withheld-on-an-annuity-withdrawal-how-do-i-remove-the-second-entry/01/1719756#M111718 Ltull 2020-09-13T17:22:06Z I received my RMD before move made in 2019. How do I change recipient address in review of 1099-R that asks for Recipient City, but already has my new address populated? https://ttlc.intuit.com/community/retirement/discussion/i-received-my-rmd-before-move-made-in-2019-how-do-i-change-recipient-address-in-review-of-1099-r/01/1719715#M111716 Sun, 13 Sep 2020 16:02:41 GMT https://ttlc.intuit.com/community/retirement/discussion/i-received-my-rmd-before-move-made-in-2019-how-do-i-change-recipient-address-in-review-of-1099-r/01/1719715#M111716 eddinstom 2020-09-13T16:02:41Z I received a letter from Texas Controller of Public Accounts asking me to contact a specific Tax enforcement officer...what could this be about? https://ttlc.intuit.com/community/retirement/discussion/i-received-a-letter-from-texas-controller-of-public-accounts-asking-me-to-contact-a-specific-tax/01/1719564#M111711 Sun, 13 Sep 2020 00:16:41 GMT https://ttlc.intuit.com/community/retirement/discussion/i-received-a-letter-from-texas-controller-of-public-accounts-asking-me-to-contact-a-specific-tax/01/1719564#M111711 aloktax 2020-09-13T00:16:41Z I am trying to figure out how to add tax withheld for my 1099B. Turbo tax does not seem to have a place for this. https://ttlc.intuit.com/community/retirement/discussion/i-am-trying-to-figure-out-how-to-add-tax-withheld-for-my-1099b-turbo-tax-does-not-seem-to-have-a/01/1719495#M111709 Sat, 12 Sep 2020 19:44:12 GMT https://ttlc.intuit.com/community/retirement/discussion/i-am-trying-to-figure-out-how-to-add-tax-withheld-for-my-1099b-turbo-tax-does-not-seem-to-have-a/01/1719495#M111709 micheleneinsalac 2020-09-12T19:44:12Z How much percentage of state income tax would be withheld from my retirement plan when doing a full cash withdrawal? https://ttlc.intuit.com/community/retirement/discussion/how-much-percentage-of-state-income-tax-would-be-withheld-from-my-retirement-plan-when-doing-a-full/01/1719412#M111706 i am withdrawing from my retirement plan and im trying to figure out how much state income tax should be withheld for the state of ny Sat, 12 Sep 2020 17:08:51 GMT https://ttlc.intuit.com/community/retirement/discussion/how-much-percentage-of-state-income-tax-would-be-withheld-from-my-retirement-plan-when-doing-a-full/01/1719412#M111706 j10 2020-09-12T17:08:51Z I was unemployed in 2019 and withdrew 100K from my IRA to cover expenses. How do I report this money? Is it considered income? https://ttlc.intuit.com/community/retirement/discussion/i-was-unemployed-in-2019-and-withdrew-100k-from-my-ira-to-cover-expenses-how-do-i-report-this-money/01/1719279#M111701 I had no employment income in 2019 and instead paid my expenses from money I have inherited. The money is divided between three accounts: an IRA, a supplemental IRA, and an account with funds earmarked for the future purchase of a home. During the year, I took two withdrawals of 50K each. I’m assuming that I must report these on my 2019 return, but I’m not sure where in TT to enter them. Are the withdrawals considered income, etc.? Also, I separately took a mandatory minimum distribution from my IRA, which I transferred to my supplemental IRA account. Does the fact that I transferred the distribution to another account make any difference in terms of how I report it? Any help regarding these questions would be greatly appreciated. Sat, 12 Sep 2020 02:44:04 GMT https://ttlc.intuit.com/community/retirement/discussion/i-was-unemployed-in-2019-and-withdrew-100k-from-my-ira-to-cover-expenses-how-do-i-report-this-money/01/1719279#M111701 JO4 2020-09-12T02:44:04Z How to create 1099 https://ttlc.intuit.com/community/retirement/discussion/how-to-create-1099/01/1719166#M111696 I want to look up 1099s I created already Fri, 11 Sep 2020 20:03:53 GMT https://ttlc.intuit.com/community/retirement/discussion/how-to-create-1099/01/1719166#M111696 ray7172 2020-09-11T20:03:53Z Excess Roth IRA over payment when withdrawn had earned income of $344.87. Do I report this income? If so, where do I report it? https://ttlc.intuit.com/community/retirement/discussion/excess-roth-ira-over-payment-when-withdrawn-had-earned-income-of-344-87-do-i-report-this-income-if/01/1719104#M111693 Fri, 11 Sep 2020 18:15:01 GMT https://ttlc.intuit.com/community/retirement/discussion/excess-roth-ira-over-payment-when-withdrawn-had-earned-income-of-344-87-do-i-report-this-income-if/01/1719104#M111693 101852790_03154 2020-09-11T18:15:01Z Why do I pay tax on my Social Security income if I am 69 and still working? https://ttlc.intuit.com/community/retirement/discussion/why-do-i-pay-tax-on-my-social-security-income-if-i-am-69-and-still-working/01/1719097#M111691 Fri, 11 Sep 2020 18:08:32 GMT https://ttlc.intuit.com/community/retirement/discussion/why-do-i-pay-tax-on-my-social-security-income-if-i-am-69-and-still-working/01/1719097#M111691 jimfligor 2020-09-11T18:08:32Z Social Security + income from elsewhere https://ttlc.intuit.com/community/retirement/discussion/social-security-income-from-elsewhere/01/1718786#M111680 I get $1900 monthly from SS. How much can I make before my SS gets taxed Thu, 10 Sep 2020 20:51:48 GMT https://ttlc.intuit.com/community/retirement/discussion/social-security-income-from-elsewhere/01/1718786#M111680 Djarvis99 2020-09-10T20:51:48Z I am self employed. My husband receives social security. I have not filed our tax returns for 2018 https://ttlc.intuit.com/community/retirement/discussion/i-am-self-employed-my-husband-receives-social-security-i-have-not-filed-our-tax-returns-for-2018/01/1718760#M111676 My husband had a stroke. His condition has prevented me from completing our tax returns. Should I file separately? Thu, 10 Sep 2020 19:49:46 GMT https://ttlc.intuit.com/community/retirement/discussion/i-am-self-employed-my-husband-receives-social-security-i-have-not-filed-our-tax-returns-for-2018/01/1718760#M111676 barden2017 2020-09-10T19:49:46Z I took out a COVID-related distribution out of each of my two 403(b) accounts. My usual biweekly contributions is being deducted from my paycheck (pre-tax). I intend on paying back the distribution th https://ttlc.intuit.com/community/retirement/discussion/i-took-out-a-covid-related-distribution-out-of-each-of-my-two-403-b-accounts-my-usual-biweekly/01/1718732#M111672 I took out a COVID-related distribution out of each of my two 403(b) accounts. My usual biweekly contributions is being deducted from my paycheck (pre-tax). I intend on paying back the distribution th Thu, 10 Sep 2020 18:37:27 GMT https://ttlc.intuit.com/community/retirement/discussion/i-took-out-a-covid-related-distribution-out-of-each-of-my-two-403-b-accounts-my-usual-biweekly/01/1718732#M111672 tobe2017 2020-09-10T18:37:27Z Can wife make Qualified HSA Funding Distribution from IRA for $8,100 in 2020 if high deductible plan is in husband's name? And husband took QHFD in a prior year? https://ttlc.intuit.com/community/retirement/discussion/can-wife-make-qualified-hsa-funding-distribution-from-ira-for-8-100-in-2020-if-high-deductible-plan/01/1718706#M111667 Thu, 10 Sep 2020 17:56:56 GMT https://ttlc.intuit.com/community/retirement/discussion/can-wife-make-qualified-hsa-funding-distribution-from-ira-for-8-100-in-2020-if-high-deductible-plan/01/1718706#M111667 maxwell91 2020-09-10T17:56:56Z IRA Deduction Eligability https://ttlc.intuit.com/community/retirement/discussion/ira-deduction-eligability/01/1718692#M111666 Working for a private company this year is the first W2 job I have had since retirement some many years ago so it will present a sizable bump up in our income this year and perhaps in the immediate following year.  Both my wife and I are retired on and collecting US Government pensions.  Me OPM and her OPM and Social Security.  I was investigating opening both an IRA for me (age 72) and a spousal IRA for her (age 66) for tax sheltering purposes under the 2019 changes in law.  I do understand that my eligibility to DEDUCT an IRA contribution is based on our Modified Adjusted Gross Income AND  whether I or my spouse is covered by a workplace retirement plan.  My current employer does not have a workplace retirement plan.  BUT THE PART I DO NOT UNDERSTAND IS: DO OUR RETIREMENT PENSIONS THAT WE ARE COLLECTING FALL UNDER THE DEFINITION OF "COVERED BY A WORKPLACE RETIREMENT PLAN" WITH RESPECT TO ELIGIBILITY FOR A IRA DEDUCTION AND AMOUNT? Thu, 10 Sep 2020 17:35:08 GMT https://ttlc.intuit.com/community/retirement/discussion/ira-deduction-eligability/01/1718692#M111666 Len13 2020-09-10T17:35:08Z TurboTax does not recognize my retirement income contributions. How can I change that? https://ttlc.intuit.com/community/retirement/discussion/turbotax-does-not-recognize-my-retirement-income-contributions-how-can-i-change-that/01/1718237#M111664 Wed, 09 Sep 2020 14:42:42 GMT https://ttlc.intuit.com/community/retirement/discussion/turbotax-does-not-recognize-my-retirement-income-contributions-how-can-i-change-that/01/1718237#M111664 alunda-n-hopkins 2020-09-09T14:42:42Z Will I get a bill from the irs for my 10% early ira w/d penalty? I filed my taxes I paid the fed taxes I owed but I still haven't received a bill for 10% penalty? https://ttlc.intuit.com/community/retirement/discussion/will-i-get-a-bill-from-the-irs-for-my-10-early-ira-w-d-penalty-i-filed-my-taxes-i-paid-the-fed-taxes/01/1717978#M111656 Tue, 08 Sep 2020 20:02:12 GMT https://ttlc.intuit.com/community/retirement/discussion/will-i-get-a-bill-from-the-irs-for-my-10-early-ira-w-d-penalty-i-filed-my-taxes-i-paid-the-fed-taxes/01/1717978#M111656 paloma2507 2020-09-08T20:02:12Z How do I obtain a copy of a 1099 Form that I sent to a contractor in 2018? https://ttlc.intuit.com/community/retirement/discussion/how-do-i-obtain-a-copy-of-a-1099-form-that-i-sent-to-a-contractor-in-2018/01/1717918#M111653 I received a CP2100A notice from the IRS saying that the payee information I entered on the 1099 I sent to them may be incorrect. How do I find a copy of the 1099 I sent to the contractor in 2018? Tue, 08 Sep 2020 17:53:43 GMT https://ttlc.intuit.com/community/retirement/discussion/how-do-i-obtain-a-copy-of-a-1099-form-that-i-sent-to-a-contractor-in-2018/01/1717918#M111653 ApplesInMyBra 2020-09-08T17:53:43Z We could not e-file your return for the following reason: Duplicate Social Security Number: A tax return with the same Social Security number has already been submitted - in other words, it appears yo https://ttlc.intuit.com/community/retirement/discussion/we-could-not-e-file-your-return-for-the-following-reason-duplicate-social-security-number-a-tax/01/1717749#M111651 Tue, 08 Sep 2020 13:26:13 GMT https://ttlc.intuit.com/community/retirement/discussion/we-could-not-e-file-your-return-for-the-following-reason-duplicate-social-security-number-a-tax/01/1717749#M111651 mannyy21 2020-09-08T13:26:13Z I just received a penalty for code 6654. How do I determine the reason? How do I remove this penalty? https://ttlc.intuit.com/community/retirement/discussion/i-just-received-a-penalty-for-code-6654-how-do-i-determine-the-reason-how-do-i-remove-this-penalty/01/1717571#M111648 Mon, 07 Sep 2020 20:15:42 GMT https://ttlc.intuit.com/community/retirement/discussion/i-just-received-a-penalty-for-code-6654-how-do-i-determine-the-reason-how-do-i-remove-this-penalty/01/1717571#M111648 bdlevin2003 2020-09-07T20:15:42Z Why does it not let me move on with the payment area on line 11a? https://ttlc.intuit.com/community/retirement/discussion/why-does-it-not-let-me-move-on-with-the-payment-area-on-line-11a/01/1717264#M111645 Sun, 06 Sep 2020 17:53:05 GMT https://ttlc.intuit.com/community/retirement/discussion/why-does-it-not-let-me-move-on-with-the-payment-area-on-line-11a/01/1717264#M111645 mhuntington77 2020-09-06T17:53:05Z Husband and Wife LLC in California Set up SEP IRA https://ttlc.intuit.com/community/retirement/discussion/husband-and-wife-llc-in-california-set-up-sep-ira/01/1717068#M111641 1) Both husband and wife had full time jobs. Husband maxed out employer's 401K (19K) and 403b (19k). Wife maxed out employer's 401k (19k). 2) Husband and wife joined ran a side business, a LLC in a community property state (California). The LLC had no other employees. Husband and wife didn't take any wages from the LLC. 3) The LLC's treated as disregard entity in term of federal tax return. It was reported on one schedule C. Husband's name was list as name of proprietor on the schedule C.   Question: can husband and wife set up separate SEP IRA  accounts to the following limit? <OL><LI>25% of compensation, or</LI><LI>$57,000 for 2020 ($56,000 for 2019 )</LI></OL> Sat, 05 Sep 2020 22:33:54 GMT https://ttlc.intuit.com/community/retirement/discussion/husband-and-wife-llc-in-california-set-up-sep-ira/01/1717068#M111641 california0905 2020-09-05T22:33:54Z I want to take a $20,000 deduction from my NYS government pension income in preparing my MA tax return. I could not find a way to do it? https://ttlc.intuit.com/community/retirement/discussion/i-want-to-take-a-20-000-deduction-from-my-nys-government-pension-income-in-preparing-my-ma-tax/01/1717045#M111639 Sat, 05 Sep 2020 21:44:19 GMT https://ttlc.intuit.com/community/retirement/discussion/i-want-to-take-a-20-000-deduction-from-my-nys-government-pension-income-in-preparing-my-ma-tax/01/1717045#M111639 ToughTony 2020-09-05T21:44:19Z I'm applying for SS retirement income. The application asks if I agree with my earnings history on my SS Statement. The earnings do not match anything on my 1040s. Help! https://ttlc.intuit.com/community/retirement/discussion/i-m-applying-for-ss-retirement-income-the-application-asks-if-i-agree-with-my-earnings-history-on-my/01/1717013#M111634 Which line of income on my 1040s do I use to compare to "Your Taxed Social Security Earnings" on my SS Statement? Sat, 05 Sep 2020 20:30:05 GMT https://ttlc.intuit.com/community/retirement/discussion/i-m-applying-for-ss-retirement-income-the-application-asks-if-i-agree-with-my-earnings-history-on-my/01/1717013#M111634 mdpisano 2020-09-05T20:30:05Z Did my stimulus check get mailed to [removed] https://ttlc.intuit.com/community/retirement/discussion/did-my-stimulus-check-get-mailed-to-removed/01/1716932#M111632 Tue, 08 Sep 2020 15:50:15 GMT https://ttlc.intuit.com/community/retirement/discussion/did-my-stimulus-check-get-mailed-to-removed/01/1716932#M111632 taylorbingham012 2020-09-08T15:50:15Z Should my Naval Reserve Pension be taxed? https://ttlc.intuit.com/community/retirement/discussion/should-my-naval-reserve-pension-be-taxed/01/1716589#M111618 How much California State tax and Federal Tax should be witheld for my Military Naval Reserve Pension? Fri, 04 Sep 2020 15:26:10 GMT https://ttlc.intuit.com/community/retirement/discussion/should-my-naval-reserve-pension-be-taxed/01/1716589#M111618 bilelloedward 2020-09-04T15:26:10Z Will I pay Federal and State taxes on my Military pension? https://ttlc.intuit.com/community/retirement/discussion/will-i-pay-federal-and-state-taxes-on-my-military-pension/01/1716576#M111617 I need to know how much California State tax and Federal tax should be witheld for my Naval Reserve pension at age 60, which is this month? Fri, 04 Sep 2020 15:09:18 GMT https://ttlc.intuit.com/community/retirement/discussion/will-i-pay-federal-and-state-taxes-on-my-military-pension/01/1716576#M111617 bilelloedward 2020-09-04T15:09:18Z My family took out an early retirement withdraw to use on post secondary education expenses. Isn't this an exception to any penalties I may owe in 2018? https://ttlc.intuit.com/community/retirement/discussion/my-family-took-out-an-early-retirement-withdraw-to-use-on-post-secondary-education-expenses-isn-t/01/1716513#M111615 Fri, 04 Sep 2020 12:27:11 GMT https://ttlc.intuit.com/community/retirement/discussion/my-family-took-out-an-early-retirement-withdraw-to-use-on-post-secondary-education-expenses-isn-t/01/1716513#M111615 travis_lemon 2020-09-04T12:27:11Z Will a lump sum of my pension affect child support payments if i wasnt married to the mom? https://ttlc.intuit.com/community/retirement/discussion/will-a-lump-sum-of-my-pension-affect-child-support-payments-if-i-wasnt-married-to-the-mom/01/1716445#M111612 Fri, 04 Sep 2020 02:24:28 GMT https://ttlc.intuit.com/community/retirement/discussion/will-a-lump-sum-of-my-pension-affect-child-support-payments-if-i-wasnt-married-to-the-mom/01/1716445#M111612 jig42019 2020-09-04T02:24:28Z Earlier Year Lump Sum Pension Plan Income. Amend? https://ttlc.intuit.com/community/retirement/discussion/earlier-year-lump-sum-pension-plan-income-amend/01/1716402#M111608 My wife's ex retired.  She is getting a pension payout as part of the divorce settlement.  Apparently, the retirement start date was July 2019, but it took until now, Sep 2020, for the paper work to complete and the payments to start.  She received back pay as a lump sum in 2020.  Since the payment was received in 2020, does it all go on the 2020 tax form?  Or do I have to amend my 2019 to include the amount that would have been earned during that tax year?  I've not received any tax forms yet for the pension. Thu, 03 Sep 2020 23:41:46 GMT https://ttlc.intuit.com/community/retirement/discussion/earlier-year-lump-sum-pension-plan-income-amend/01/1716402#M111608 cas206 2020-09-03T23:41:46Z Rollover IRA tax https://ttlc.intuit.com/community/retirement/discussion/rollover-ira-tax/01/1716343#M111606 I opened a backdoor Roth IRA account last year (Dec 2019) with the Vanguard and forgot to realize that I also had a rollover IRA with the Fidelity.  I recently found out that this is not allowed.  I am in the process of converting the rollover IRA into my current 401K plan.  I hope this should resolve the problem.  However, I was told that I have to pay tax on the rollover IRA last year.  How can file this?  What form and calculation method should I use.  Thanks. M. Thu, 03 Sep 2020 20:29:07 GMT https://ttlc.intuit.com/community/retirement/discussion/rollover-ira-tax/01/1716343#M111606 muss007 2020-09-03T20:29:07Z Can turbo tax assist me in my 2020 tax return if I rollover some $ into my Ira into my Roth Ira this year? https://ttlc.intuit.com/community/retirement/discussion/can-turbo-tax-assist-me-in-my-2020-tax-return-if-i-rollover-some-into-my-ira-into-my-roth-ira-this/01/1716317#M111605 Can turbo tax assist me in preparing my 2020 tax return if I rollover some $ from my Ira to my Roth Ira this year? Or should I hire a Cpa? Thu, 03 Sep 2020 19:20:43 GMT https://ttlc.intuit.com/community/retirement/discussion/can-turbo-tax-assist-me-in-my-2020-tax-return-if-i-rollover-some-into-my-ira-into-my-roth-ira-this/01/1716317#M111605 buffybern 2020-09-03T19:20:43Z Can I change the amount of withholding taxes if I choose not to take the minimum required distribution from retirement accounts? https://ttlc.intuit.com/community/retirement/discussion/can-i-change-the-amount-of-withholding-taxes-if-i-choose-not-to-take-the-minimum-required/01/1716255#M111600 The Cares act allows me to defer withdrawals. Thu, 03 Sep 2020 17:49:00 GMT https://ttlc.intuit.com/community/retirement/discussion/can-i-change-the-amount-of-withholding-taxes-if-i-choose-not-to-take-the-minimum-required/01/1716255#M111600 otavsky 2020-09-03T17:49:00Z How do I enter my SSA-1099? https://ttlc.intuit.com/community/retirement/discussion/how-do-i-enter-my-ssa-1099/01/1716204#M111597 Where do I enter my SSA-1099? Thu, 03 Sep 2020 16:21:25 GMT https://ttlc.intuit.com/community/retirement/discussion/how-do-i-enter-my-ssa-1099/01/1716204#M111597 sissyseta 2020-09-03T16:21:25Z What percentage does state take from my 401k plan if I withdraw it https://ttlc.intuit.com/community/retirement/discussion/what-percentage-does-state-take-from-my-401k-plan-if-i-withdraw-it/01/1716082#M111593 Thu, 03 Sep 2020 03:49:55 GMT https://ttlc.intuit.com/community/retirement/discussion/what-percentage-does-state-take-from-my-401k-plan-if-i-withdraw-it/01/1716082#M111593 Jenkins18 2020-09-03T03:49:55Z I efiled 2019 federal taxes --- where dan I access social security benefit numbers for spouse and I separately? cannot find 1099-R https://ttlc.intuit.com/community/retirement/discussion/i-efiled-2019-federal-taxes-where-dan-i-access-social-security-benefit-numbers-for-spouse-and-i/01/1715983#M111589 Wed, 02 Sep 2020 21:36:50 GMT https://ttlc.intuit.com/community/retirement/discussion/i-efiled-2019-federal-taxes-where-dan-i-access-social-security-benefit-numbers-for-spouse-and-i/01/1715983#M111589 chiplamborn 2020-09-02T21:36:50Z I won a judgement against my ex landlord for money that he owed me. do i have to pay taxes on it? i already paid taxes on it when it was received as earned income. https://ttlc.intuit.com/community/retirement/discussion/i-won-a-judgement-against-my-ex-landlord-for-money-that-he-owed-me-do-i-have-to-pay-taxes-on-it-i/01/1715947#M111588 Wed, 02 Sep 2020 20:28:59 GMT https://ttlc.intuit.com/community/retirement/discussion/i-won-a-judgement-against-my-ex-landlord-for-money-that-he-owed-me-do-i-have-to-pay-taxes-on-it-i/01/1715947#M111588 amberleonard01 2020-09-02T20:28:59Z I'm on social security and only made $832 last year due to being on disability. How can I switch my account to the free version? https://ttlc.intuit.com/community/retirement/discussion/i-m-on-social-security-and-only-made-832-last-year-due-to-being-on-disability-how-can-i-switch-my/01/1715810#M111583 How can i switch to free version? Wed, 02 Sep 2020 16:37:28 GMT https://ttlc.intuit.com/community/retirement/discussion/i-m-on-social-security-and-only-made-832-last-year-due-to-being-on-disability-how-can-i-switch-my/01/1715810#M111583 maruthe17 2020-09-02T16:37:28Z Can I pay a 401k early withdrawal 10% penalty early - as in right now? Or do I have to wait until next tax season? https://ttlc.intuit.com/community/retirement/discussion/can-i-pay-a-401k-early-withdrawal-10-penalty-early-as-in-right-now-or-do-i-have-to-wait-until-next/01/1715368#M111574 I'd like to pay this penalty now - I don't have any official tax forms as of yet from my employer/plan administrator. I don't think I will quality for any exemptions, but here's my situation. Unemployed, on severance. Using the money to pay off some debt to get ahead of severance ending soon. If there's a way to make an advance payment, I'd like to do it as soon as possible. Tue, 01 Sep 2020 16:16:13 GMT https://ttlc.intuit.com/community/retirement/discussion/can-i-pay-a-401k-early-withdrawal-10-penalty-early-as-in-right-now-or-do-i-have-to-wait-until-next/01/1715368#M111574 user38115 2020-09-01T16:16:13Z SEP IRA Payments until October 15 - Extension https://ttlc.intuit.com/community/retirement/discussion/sep-ira-payments-until-october-15-extension/01/1715284#M111573 Hi there -I filled out the form 4868 and paid all taxes before July 15, and filed electronically.  Now I'm going back to finish up and fund my SEP IRA (I'm self-employed, and can fund about $30K this year.)  Several problems: First, my previous SEP IRA contributions aren't showing. Second, it doesn't seem like turbotax is recognizing that I can make additional SEP IRA contributions up until October 15, 2020.  Tue, 01 Sep 2020 12:29:06 GMT https://ttlc.intuit.com/community/retirement/discussion/sep-ira-payments-until-october-15-extension/01/1715284#M111573 DebRedman108 2020-09-01T12:29:06Z Received a check from NJ Unclaimed Property. It's from an old life insurance policy. I would like to deposit it into my Roth IRA. What are all the tax implications? https://ttlc.intuit.com/community/retirement/discussion/received-a-check-from-nj-unclaimed-property-it-s-from-an-old-life-insurance-policy-i-would-like-to/01/1715130#M111564 Mon, 31 Aug 2020 21:47:22 GMT https://ttlc.intuit.com/community/retirement/discussion/received-a-check-from-nj-unclaimed-property-it-s-from-an-old-life-insurance-policy-i-would-like-to/01/1715130#M111564 palamarikryan 2020-08-31T21:47:22Z Cares Act IRA Rollover of Stock Removed as Part of RMD https://ttlc.intuit.com/community/retirement/discussion/cares-act-ira-rollover-of-stock-removed-as-part-of-rmd/01/1715123#M111563 I rolled over a partial RMD of stock from my IRA account and returned to original account. Brokerage firm did not show the value of the rolled over stock as equal to th at of the distribution. Brokerage firm showed the value to be that of the stock on the day of the rollover. Therefore the rollover deposit does not equal the original dollar value deposited in the IRA. Brokerage firm only matched the number of shares originally withdrawn. In other words the rollover matches the number of shares but not the dollar value. Brokerage firm refuses to correct the the dollar amount of the rollover. Therefore I will not benefit from the Cares Act that allows rollovers in 2020. What is my recourse?  Mon, 31 Aug 2020 21:38:31 GMT https://ttlc.intuit.com/community/retirement/discussion/cares-act-ira-rollover-of-stock-removed-as-part-of-rmd/01/1715123#M111563 musiuloco 2020-08-31T21:38:31Z I have a retirement plan in the USA, but I am moving to Europe and I want to know which taxes I will pay once I am a non-resident alien https://ttlc.intuit.com/community/retirement/discussion/i-have-a-retirement-plan-in-the-usa-but-i-am-moving-to-europe-and-i-want-to-know-which-taxes-i-will/01/1714982#M111559 I am from Spain, I have been leaving in the USA for the last 5 years and the retirement plan corresponds to these 5 years. Now I am moving back to Spain and I want to know if it worth it to keep the retirement plan and then when I am retired check out the money from Spain (non-resident alien) or to withdraw the money now and pay the taxes when I am still USA resident alien. Mon, 31 Aug 2020 17:24:24 GMT https://ttlc.intuit.com/community/retirement/discussion/i-have-a-retirement-plan-in-the-usa-but-i-am-moving-to-europe-and-i-want-to-know-which-taxes-i-will/01/1714982#M111559 raquel-castillo 2020-08-31T17:24:24Z If I had to cash out a divorcing spouse for half of the equity in my house, does that affect my basis for tax purposes? https://ttlc.intuit.com/community/retirement/discussion/if-i-had-to-cash-out-a-divorcing-spouse-for-half-of-the-equity-in-my-house-does-that-affect-my-basis/01/1714948#M111558 Mon, 31 Aug 2020 16:42:30 GMT https://ttlc.intuit.com/community/retirement/discussion/if-i-had-to-cash-out-a-divorcing-spouse-for-half-of-the-equity-in-my-house-does-that-affect-my-basis/01/1714948#M111558 Lasse 2020-08-31T16:42:30Z I've already filed and received my 2019 tax back. I just received a 5498 form for 2019 for an IRA which was a rollover from a 401k. Do I need to file an adjusted return? https://ttlc.intuit.com/community/retirement/discussion/i-ve-already-filed-and-received-my-2019-tax-back-i-just-received-a-5498-form-for-2019-for-an-ira/01/1714934#M111556 received on 31 Aug 2020 Mon, 31 Aug 2020 16:18:42 GMT https://ttlc.intuit.com/community/retirement/discussion/i-ve-already-filed-and-received-my-2019-tax-back-i-just-received-a-5498-form-for-2019-for-an-ira/01/1714934#M111556 DRock511 2020-08-31T16:18:42Z Considering withdrawing out of my IRA account. Trying to figure out how much tax I should take off (I'm in NE, under 59yrs). I don't want to owe next year. Help, please? https://ttlc.intuit.com/community/retirement/discussion/considering-withdrawing-out-of-my-ira-account-trying-to-figure-out-how-much-tax-i-should-take-off-i/01/1714879#M111552 Mon, 31 Aug 2020 14:19:48 GMT https://ttlc.intuit.com/community/retirement/discussion/considering-withdrawing-out-of-my-ira-account-trying-to-figure-out-how-much-tax-i-should-take-off-i/01/1714879#M111552 smthmelv 2020-08-31T14:19:48Z STILL haven't gotten stimulus check https://ttlc.intuit.com/community/retirement/discussion/still-haven-t-gotten-stimulus-check/01/1714793#M111550 Hi, I have a question about the first stimulus check from earlier this year. I did not work in 2018. However, at the time, right after it was approved and before they began to process the payments, several family members urged me to file a tax return regardless (this was before they had the option for non filers I believe). I basically only reported the interest I earned from my bank account. I was not claimed as a dependent and I indicated that on my return. My return was accepted in late March. As of now, late August, I have not received a payment, and when I enter my info on Get My Payment, it says my payment status is unavailable either because it hasn't been processed (after 5 months?) or because I'm not eligible (which I should be). I am wondering what this is about, and if they're just slow for some reason and to wait, or if I should file for an appeal. However, I wouldn't even know where to submit it because I haven't received any mail from the IRS pertaining to this. I need the money because my hours this year were cut by a lot due to the virus, and I really don't know how to address this. Mon, 31 Aug 2020 05:39:55 GMT https://ttlc.intuit.com/community/retirement/discussion/still-haven-t-gotten-stimulus-check/01/1714793#M111550 ciaraetheridge 2020-08-31T05:39:55Z Isn't there a problem with the Social Security Benefits Worksheet? Line A from Box 5 already includes the Medicare premiums added in lines C-E, so these are doubled. https://ttlc.intuit.com/community/retirement/discussion/isn-t-there-a-problem-with-the-social-security-benefits-worksheet-line-a-from-box-5-already-includes/01/1714759#M111545 Box 5 on the SSA-1099 form is the total benefit minus any repaid benefits. Medicare premiums have not been deducted, so they should not be added to this total to arrive at the amount totaled in line 1 of the worksheet. Mon, 31 Aug 2020 02:55:00 GMT https://ttlc.intuit.com/community/retirement/discussion/isn-t-there-a-problem-with-the-social-security-benefits-worksheet-line-a-from-box-5-already-includes/01/1714759#M111545 anstockton 2020-08-31T02:55:00Z The question is do you make money in any other state? I make money in international waters by working onboard a cruise ship. how do i answer this question? https://ttlc.intuit.com/community/retirement/discussion/the-question-is-do-you-make-money-in-any-other-state-i-make-money-in-international-waters-by-working/01/1714723#M111543 Sun, 30 Aug 2020 23:47:07 GMT https://ttlc.intuit.com/community/retirement/discussion/the-question-is-do-you-make-money-in-any-other-state-i-make-money-in-international-waters-by-working/01/1714723#M111543 ckayles 2020-08-30T23:47:07Z Green card holder resident in California 2019. I receive Indian pension from previous employer a public sector undertaking. whether this pension is taxable as per DTAA? https://ttlc.intuit.com/community/retirement/discussion/green-card-holder-resident-in-california-2019-i-receive-indian-pension-from-previous-employer-a/01/1714705#M111542 my Indian pension payer already deducted taxes on this pension Sun, 30 Aug 2020 23:01:59 GMT https://ttlc.intuit.com/community/retirement/discussion/green-card-holder-resident-in-california-2019-i-receive-indian-pension-from-previous-employer-a/01/1714705#M111542 iobsk 2020-08-30T23:01:59Z I made a direct charitable contribution from my IRA. How do I enter this amount onto Form 1099-R line 1e? https://ttlc.intuit.com/community/retirement/discussion/i-made-a-direct-charitable-contribution-from-my-ira-how-do-i-enter-this-amount-onto-form-1099-r-line/01/1714678#M111540 Sun, 30 Aug 2020 22:09:45 GMT https://ttlc.intuit.com/community/retirement/discussion/i-made-a-direct-charitable-contribution-from-my-ira-how-do-i-enter-this-amount-onto-form-1099-r-line/01/1714678#M111540 dak2 2020-08-30T22:09:45Z Can we use as disability backup funds ( non taxed) to contribute to a ira and it not be counted as income for the same year? https://ttlc.intuit.com/community/retirement/discussion/can-we-use-as-disability-backup-funds-non-taxed-to-contribute-to-a-ira-and-it-not-be-counted-as/01/1714562#M111536 Sun, 30 Aug 2020 18:28:47 GMT https://ttlc.intuit.com/community/retirement/discussion/can-we-use-as-disability-backup-funds-non-taxed-to-contribute-to-a-ira-and-it-not-be-counted-as/01/1714562#M111536 agibson1 2020-08-30T18:28:47Z What IRS Forms to use https://ttlc.intuit.com/community/retirement/discussion/what-irs-forms-to-use/01/1714413#M111529 I am retired, but I work as an Independent Contractor as a Stat Medical Courier.My IC income is reported on a 1099-MiscI receive Social Security, a Pension, a small VA Benefit, plus what I earn as an IC.My wife income is Pension and Social Security.We have small Interest and Dividend returns.I have been using TurboTax for 20 years or so.My gross IC Income will be in the $11,000-$14,000. rangeI would like to know what IRS forms I should plan using relating to my Independent Contractor income.My only expenses are for the use of my car; Cellphone; minor office supplies. I work out of my rented apartment where I live.Thank youA.T. McIntosh Sat, 29 Aug 2020 22:56:16 GMT https://ttlc.intuit.com/community/retirement/discussion/what-irs-forms-to-use/01/1714413#M111529 T-MAC 2020-08-29T22:56:16Z My only income is social security disability and survivor benefit, do i need to file a state or federal tax return https://ttlc.intuit.com/community/retirement/discussion/my-only-income-is-social-security-disability-and-survivor-benefit-do-i-need-to-file-a-state-or/01/1714337#M111527 Sat, 29 Aug 2020 19:12:39 GMT https://ttlc.intuit.com/community/retirement/discussion/my-only-income-is-social-security-disability-and-survivor-benefit-do-i-need-to-file-a-state-or/01/1714337#M111527 rittamcardle 2020-08-29T19:12:39Z My only source of income is a monthly soc sec disability check and I draw a survivor benefit , do I need to file a tax refund ? https://ttlc.intuit.com/community/retirement/discussion/my-only-source-of-income-is-a-monthly-soc-sec-disability-check-and-i-draw-a-survivor-benefit-do-i/01/1714334#M111525 Sat, 29 Aug 2020 19:10:28 GMT https://ttlc.intuit.com/community/retirement/discussion/my-only-source-of-income-is-a-monthly-soc-sec-disability-check-and-i-draw-a-survivor-benefit-do-i/01/1714334#M111525 rittamcardle 2020-08-29T19:10:28Z Am I a qualified individual for purposes of section 2202 of the CARES Act? https://ttlc.intuit.com/community/retirement/discussion/am-i-a-qualified-individual-for-purposes-of-section-2202-of-the-cares-act/01/1714309#M111524 We have a 6 year old in 1st grade and her elementary school district has decided to go full virtual for the first semester. Since both my wife and I work full-time, we hired a private tutor to assist her with her learning and school-work. Would this be sufficient for qualifying under "experience adverse financial consequences as a result of being quarantined"? Sat, 29 Aug 2020 17:57:29 GMT https://ttlc.intuit.com/community/retirement/discussion/am-i-a-qualified-individual-for-purposes-of-section-2202-of-the-cares-act/01/1714309#M111524 andreenc 2020-08-29T17:57:29Z Just Retired, 1040-es recalculation needed ? https://ttlc.intuit.com/community/retirement/discussion/just-retired-1040-es-recalculation-needed/01/1714260#M111521 TT calculated 1040-es based on my 2019 salary. Just retired, now have my SS benefits numbers and my wife's. Want to recalculate 1040-es. Sat, 29 Aug 2020 16:28:12 GMT https://ttlc.intuit.com/community/retirement/discussion/just-retired-1040-es-recalculation-needed/01/1714260#M111521 agp3 2020-08-29T16:28:12Z If rurbo tax filed a state return based off my fed return but my state does not tax retirement pensions ! Now my state has sent me a tax bill. What can I do ? https://ttlc.intuit.com/community/retirement/discussion/if-rurbo-tax-filed-a-state-return-based-off-my-fed-return-but-my-state-does-not-tax-retirement/01/1714259#M111520 Sat, 29 Aug 2020 16:25:49 GMT https://ttlc.intuit.com/community/retirement/discussion/if-rurbo-tax-filed-a-state-return-based-off-my-fed-return-but-my-state-does-not-tax-retirement/01/1714259#M111520 auntygnoeau 2020-08-29T16:25:49Z I need to see how turbo tax calculated the amount of my SEP contribution. Where can I find this? https://ttlc.intuit.com/community/retirement/discussion/i-need-to-see-how-turbo-tax-calculated-the-amount-of-my-sep-contribution-where-can-i-find-this/01/1714243#M111519 My accountant reviewed my tax return (which I prepared with turbo tax) and told me that I overfunded my SEP contribution.  I need to find out how turbo tax arrived at the amount of the contribution.  Where can I find this? Sat, 29 Aug 2020 15:42:13 GMT https://ttlc.intuit.com/community/retirement/discussion/i-need-to-see-how-turbo-tax-calculated-the-amount-of-my-sep-contribution-where-can-i-find-this/01/1714243#M111519 stucky3 2020-08-29T15:42:13Z Is it smart to get $100.00 every 2 weeks taken off my check for taxes, if both my wife and I are working and make about the same amount? https://ttlc.intuit.com/community/retirement/discussion/is-it-smart-to-get-100-00-every-2-weeks-taken-off-my-check-for-taxes-if-both-my-wife-and-i-are/01/1714170#M111517 Sat, 29 Aug 2020 12:24:46 GMT https://ttlc.intuit.com/community/retirement/discussion/is-it-smart-to-get-100-00-every-2-weeks-taken-off-my-check-for-taxes-if-both-my-wife-and-i-are/01/1714170#M111517 off_the_ground 2020-08-29T12:24:46Z Are social security/disability payments taxable https://ttlc.intuit.com/community/retirement/discussion/are-social-security-disability-payments-taxable/01/1714083#M111513 Fri, 28 Aug 2020 23:19:45 GMT https://ttlc.intuit.com/community/retirement/discussion/are-social-security-disability-payments-taxable/01/1714083#M111513 sharoncastle61_0 2020-08-28T23:19:45Z When i enter HSA contrib, i see that it says employer contrib. = 3500. Of this amount, i contributed 2500. So does this count as 'any contributions you personally made' ? https://ttlc.intuit.com/community/retirement/discussion/when-i-enter-hsa-contrib-i-see-that-it-says-employer-contrib-3500-of-this-amount-i-contributed-2500/01/1713891#M111510 Fri, 28 Aug 2020 14:49:26 GMT https://ttlc.intuit.com/community/retirement/discussion/when-i-enter-hsa-contrib-i-see-that-it-says-employer-contrib-3500-of-this-amount-i-contributed-2500/01/1713891#M111510 eussrik 2020-08-28T14:49:26Z Under the CARES Act, if I use a portion of my qualified 401k withdrawal to pay an pre existing 401k loan, does that qualify as a partial repayment contribution of this special withdrawal? https://ttlc.intuit.com/community/retirement/discussion/under-the-cares-act-if-i-use-a-portion-of-my-qualified-401k-withdrawal-to-pay-an-pre-existing-401k/01/1713526#M111508 Thu, 27 Aug 2020 14:36:44 GMT https://ttlc.intuit.com/community/retirement/discussion/under-the-cares-act-if-i-use-a-portion-of-my-qualified-401k-withdrawal-to-pay-an-pre-existing-401k/01/1713526#M111508 diadeztt1 2020-08-27T14:36:44Z What shoul I do if I received by mistake the 1200 USD for Covid-19? https://ttlc.intuit.com/community/retirement/discussion/what-shoul-i-do-if-i-received-by-mistake-the-1200-usd-for-covid-19/01/1713284#M111503 Wed, 26 Aug 2020 20:57:17 GMT https://ttlc.intuit.com/community/retirement/discussion/what-shoul-i-do-if-i-received-by-mistake-the-1200-usd-for-covid-19/01/1713284#M111503 urbina98 2020-08-26T20:57:17Z If I only worked part of the 2020 year, as I am now unemployed, can I contribute to a Roth IRA and deduct that contribution on my 2020 filing? https://ttlc.intuit.com/community/retirement/discussion/if-i-only-worked-part-of-the-2020-year-as-i-am-now-unemployed-can-i-contribute-to-a-roth-ira-and/01/1713146#M111499 Wed, 26 Aug 2020 16:59:11 GMT https://ttlc.intuit.com/community/retirement/discussion/if-i-only-worked-part-of-the-2020-year-as-i-am-now-unemployed-can-i-contribute-to-a-roth-ira-and/01/1713146#M111499 ian-m 2020-08-26T16:59:11Z What is the joint filing income maximum to allow eligibility to participate in a 401K? https://ttlc.intuit.com/community/retirement/discussion/what-is-the-joint-filing-income-maximum-to-allow-eligibility-to-participate-in-a-401k/01/1713134#M111497 What is the limit of AGI which excludes participation in a 401K? Wed, 26 Aug 2020 16:40:00 GMT https://ttlc.intuit.com/community/retirement/discussion/what-is-the-joint-filing-income-maximum-to-allow-eligibility-to-participate-in-a-401k/01/1713134#M111497 magubj 2020-08-26T16:40:00Z I need help with what to do about my taxes because I am a waitress and I want to try to make sure that I won't owe money at the end of the year. So what should I do? https://ttlc.intuit.com/community/retirement/discussion/i-need-help-with-what-to-do-about-my-taxes-because-i-am-a-waitress-and-i-want-to-try-to-make-sure/01/1713090#M111496 Wed, 26 Aug 2020 15:28:54 GMT https://ttlc.intuit.com/community/retirement/discussion/i-need-help-with-what-to-do-about-my-taxes-because-i-am-a-waitress-and-i-want-to-try-to-make-sure/01/1713090#M111496 brook0929 2020-08-26T15:28:54Z I was reviewing my joint return filed July2020. My wife's 8606 form was attached. My form 8606 (with QCD's) was not attached. What do I do? https://ttlc.intuit.com/community/retirement/discussion/i-was-reviewing-my-joint-return-filed-july2020-my-wife-s-8606-form-was-attached-my-form-8606-with/01/1712712#M111485 Tue, 25 Aug 2020 17:17:19 GMT https://ttlc.intuit.com/community/retirement/discussion/i-was-reviewing-my-joint-return-filed-july2020-my-wife-s-8606-form-was-attached-my-form-8606-with/01/1712712#M111485 rstax56 2020-08-25T17:17:19Z What is form 1099R https://ttlc.intuit.com/community/retirement/discussion/what-is-form-1099r/01/1712618#M111480 I could not find box7 in form1099int Tue, 25 Aug 2020 13:53:30 GMT https://ttlc.intuit.com/community/retirement/discussion/what-is-form-1099r/01/1712618#M111480 sisirkumardas50 2020-08-25T13:53:30Z Converting dollar amount into withholding status https://ttlc.intuit.com/community/retirement/discussion/converting-dollar-amount-into-withholding-status/01/1712596#M111479 My wife and I are both about to retire. During retirement our income will be derived from two pensions, 401(k) distributions, and ordinary dividends from taxable investments. I am trying to determine the appropriate federal tax withholding status for each income stream. I have calculated a dollar amount that should be withheld from each, and I have verified these amounts are correct (or close enough) by creating a mock tax return using TurboTax 2019. The problem is that the pension plans and the 401(k) will not allow me to provide them a specific dollar amount to withhold. They want me to provide a withholding status (M0, M1, etc.), and an additional dollar amount to be withheld if I desire. I don’t know how to accurately convert the dollar amount I have in mind for each income stream into a withholding status. Can anyone provide a method for doing this please? Thank you! Tue, 25 Aug 2020 12:49:15 GMT https://ttlc.intuit.com/community/retirement/discussion/converting-dollar-amount-into-withholding-status/01/1712596#M111479 Rcf026 2020-08-25T12:49:15Z Pay estimated taxes on stock sales? https://ttlc.intuit.com/community/retirement/discussion/pay-estimated-taxes-on-stock-sales/01/1712391#M111477 This year I have not earned income reported on a W2 where taxes are automatically withheld, but I've sold ~$130K in RSU stock from a previous employer. I've calculated the cost basis for those sales and the taxable profit is ~$95k. They are all long term sales so I calculated the taxes owed on that to be about $14k (95 * 0.15).  Is that calculation correct? There are other complications to my taxes and I know they can affect the overall total due, but if I wanted to just get ahead of that $14k due and avoid any penalties should I pay estimated taxes on that $14k? I'm ok over paying a little to avoid a huge bill next April. Mon, 24 Aug 2020 19:46:20 GMT https://ttlc.intuit.com/community/retirement/discussion/pay-estimated-taxes-on-stock-sales/01/1712391#M111477 sdprog2123 2020-08-24T19:46:20Z I already filed my 2019 federal tax return but I just received a 5498 form. Where do I look on my filed return to verify these numbers are exact? https://ttlc.intuit.com/community/retirement/discussion/i-already-filed-my-2019-federal-tax-return-but-i-just-received-a-5498-form-where-do-i-look-on-my/01/1712365#M111475 Mon, 24 Aug 2020 18:49:29 GMT https://ttlc.intuit.com/community/retirement/discussion/i-already-filed-my-2019-federal-tax-return-but-i-just-received-a-5498-form-where-do-i-look-on-my/01/1712365#M111475 koria74 2020-08-24T18:49:29Z Withdraw from traditional IRA https://ttlc.intuit.com/community/retirement/discussion/withdraw-from-traditional-ira/01/1712172#M111470 Mon, 24 Aug 2020 03:02:21 GMT https://ttlc.intuit.com/community/retirement/discussion/withdraw-from-traditional-ira/01/1712172#M111470 ms-amssantos 2020-08-24T03:02:21Z Need to complete w-4 2020 form. Single claiming 0. How do I complete the form so I won't have to pay taxes at the end of the year? https://ttlc.intuit.com/community/retirement/discussion/need-to-complete-w-4-2020-form-single-claiming-0-how-do-i-complete-the-form-so-i-won-t-have-to-pay/01/1712023#M111462 Sun, 23 Aug 2020 18:14:33 GMT https://ttlc.intuit.com/community/retirement/discussion/need-to-complete-w-4-2020-form-single-claiming-0-how-do-i-complete-the-form-so-i-won-t-have-to-pay/01/1712023#M111462 dleetalktome 2020-08-23T18:14:33Z 401k withdrawal Cares Act https://ttlc.intuit.com/community/retirement/discussion/401k-withdrawal-cares-act/01/1712020#M111461 I am considering taking out about $50k in 401k due to the fact that I lost my job in May. Now I did get a job shortly thereafter, but I am the only one that works, as my wife is a stay-at-home Mom, and while the salary is nice, we depend on commissions as well. Since leaving one job affected by Covid and starting the new one, commissions have been fewer and far between. The salary isn’t enough to cover the bills and wanting to pay off a few credit cards to lower the monthly bills. The two 401k’s I am looking to take from are past companies I had worked for. Neither took the Cares Act money and Voya is telling me that if they didn’t take the money then I won’t be eligible to get the 10% penalty waived. Is there any way as an individual affected by the pandemic that I can have the 10% fee waived when it comes tax time in 2021? Sun, 23 Aug 2020 18:04:31 GMT https://ttlc.intuit.com/community/retirement/discussion/401k-withdrawal-cares-act/01/1712020#M111461 Ukcat85 2020-08-23T18:04:31Z Is there a way to file a tax return early (for example, in Sept) to get an early understanding of taxes owed? https://ttlc.intuit.com/community/retirement/discussion/is-there-a-way-to-file-a-tax-return-early-for-example-in-sept-to-get-an-early-understanding-of-taxes/01/1712016#M111459 Sun, 23 Aug 2020 17:19:46 GMT https://ttlc.intuit.com/community/retirement/discussion/is-there-a-way-to-file-a-tax-return-early-for-example-in-sept-to-get-an-early-understanding-of-taxes/01/1712016#M111459 ShinyDiscoBall 2020-08-23T17:19:46Z Form 8606 https://ttlc.intuit.com/community/retirement/discussion/form-8606/01/1711333#M111454 I made after-tax contributions to my IRA for 7 years.  My old accountant did not file Form 8606 with my Federal taxes.  I understand the form can be filed retroactively. Can TurboTax prepare these forms for me for a fee?  If so, approximately how much would it cost?   Thank you,  Vincent J. Herman  Fri, 21 Aug 2020 15:46:53 GMT https://ttlc.intuit.com/community/retirement/discussion/form-8606/01/1711333#M111454 VinHer54 2020-08-21T15:46:53Z How can I recover my 1099 https://ttlc.intuit.com/community/retirement/discussion/how-can-i-recover-my-1099/01/1711216#M111451 How can I retrieve my 1099 form that I already file Fri, 21 Aug 2020 04:37:07 GMT https://ttlc.intuit.com/community/retirement/discussion/how-can-i-recover-my-1099/01/1711216#M111451 macksonjohn 2020-08-21T04:37:07Z I was recently diagnosed with COVID. I have the option to withdraw funds from my 401K i just wany to be sure i take the correct percentage for taxes how can i get help with this? https://ttlc.intuit.com/community/retirement/discussion/i-was-recently-diagnosed-with-covid-i-have-the-option-to-withdraw-funds-from-my-401k-i-just-wany-to/01/1711197#M111450 Fri, 21 Aug 2020 03:08:35 GMT https://ttlc.intuit.com/community/retirement/discussion/i-was-recently-diagnosed-with-covid-i-have-the-option-to-withdraw-funds-from-my-401k-i-just-wany-to/01/1711197#M111450 _miriiaamm 2020-08-21T03:08:35Z I received a statement from my bank notifying me that there was an error with my IRA account. What do I need to do since I’ve already filed my tax return for the year? https://ttlc.intuit.com/community/retirement/discussion/i-received-a-statement-from-my-bank-notifying-me-that-there-was-an-error-with-my-ira-account-what-do/01/1711184#M111446 Fri, 21 Aug 2020 01:50:09 GMT https://ttlc.intuit.com/community/retirement/discussion/i-received-a-statement-from-my-bank-notifying-me-that-there-was-an-error-with-my-ira-account-what-do/01/1711184#M111446 sierrabsparks 2020-08-21T01:50:09Z How do I get my daughters Social Security number from my 2019 taxes? https://ttlc.intuit.com/community/retirement/discussion/how-do-i-get-my-daughters-social-security-number-from-my-2019-taxes/01/1711017#M111431 Thu, 20 Aug 2020 19:21:08 GMT https://ttlc.intuit.com/community/retirement/discussion/how-do-i-get-my-daughters-social-security-number-from-my-2019-taxes/01/1711017#M111431 williamswillisba 2020-08-20T19:21:08Z In December of 2019, I converted money from my IRA to a Roth.I filed and payed the taxes due. Can I be penalized $195 because I had not payed estimated taxes? https://ttlc.intuit.com/community/retirement/discussion/in-december-of-2019-i-converted-money-from-my-ira-to-a-roth-i-filed-and-payed-the-taxes-due-can-i-be/01/1710994#M111427 I payed the tax after filing with Turbo tax but just received a bill for $195 because I did not pay estimated taxes during the year is there some exclusion for Roth Conversions? Thu, 20 Aug 2020 18:14:09 GMT https://ttlc.intuit.com/community/retirement/discussion/in-december-of-2019-i-converted-money-from-my-ira-to-a-roth-i-filed-and-payed-the-taxes-due-can-i-be/01/1710994#M111427 zuffco 2020-08-20T18:14:09Z To avoid an underpayment penalty, do I take what additional tax I’m paying and divide that up as additional tax withholding from my paychecks through the year? https://ttlc.intuit.com/community/retirement/discussion/to-avoid-an-underpayment-penalty-do-i-take-what-additional-tax-i-m-paying-and-divide-that-up-as/01/1710992#M111425 Thu, 20 Aug 2020 18:05:06 GMT https://ttlc.intuit.com/community/retirement/discussion/to-avoid-an-underpayment-penalty-do-i-take-what-additional-tax-i-m-paying-and-divide-that-up-as/01/1710992#M111425 jg_65 2020-08-20T18:05:06Z I am retired and currently receive a monthly social security check. How do I determine what percentage should be withheld by the IRS? https://ttlc.intuit.com/community/retirement/discussion/i-am-retired-and-currently-receive-a-monthly-social-security-check-how-do-i-determine-what/01/1710985#M111423 Thu, 20 Aug 2020 17:54:59 GMT https://ttlc.intuit.com/community/retirement/discussion/i-am-retired-and-currently-receive-a-monthly-social-security-check-how-do-i-determine-what/01/1710985#M111423 char_allen 2020-08-20T17:54:59Z Solo 401 k / self employed https://ttlc.intuit.com/community/retirement/discussion/solo-401-k-self-employed/01/1710912#M111411 If I am 55 and self employed and have a solo 401k and I make a $25,000 contribution this year as an employee, I don’t need to included that income ( 25k)when figuring my estimated taxes for federal state or self employment tax do I? Thu, 20 Aug 2020 14:49:53 GMT https://ttlc.intuit.com/community/retirement/discussion/solo-401-k-self-employed/01/1710912#M111411 Avapie78 2020-08-20T14:49:53Z Received Too Much from Social Security https://ttlc.intuit.com/community/retirement/discussion/received-too-much-from-social-security/01/1710911#M111410 I worked a portion of 2019, and then retired.   I was informed by Social Security this year (2020), that they overpaid me last year in Social Security Benefits, and I must pay back approximately $9000.  1.  Because both my wife and I worked last year, I had to pay taxes on our combined income, which included all of my Social Security earnings (including the $9000 that I was overpaid).   2.  If I pay back the $9000 this year to Social Security, it would appear that my income for tax year 2019 was overstated by that amount.    I am thinking that I am due a refund of some portion of the taxes I paid in 2019.   Do I have to re-state my 2019 taxes, or can I somehow deduct that $9000 from my 2020 tax year earnings?     Thu, 20 Aug 2020 14:46:16 GMT https://ttlc.intuit.com/community/retirement/discussion/received-too-much-from-social-security/01/1710911#M111410 PaulP1010 2020-08-20T14:46:16Z If I leave my job and spend my 401k, how do I file the 10% early withdrawl on my taxes? Also do I need to file the 20% withheld for me to pay the following year's taxes? https://ttlc.intuit.com/community/retirement/discussion/if-i-leave-my-job-and-spend-my-401k-how-do-i-file-the-10-early-withdrawl-on-my-taxes-also-do-i-need/01/1710850#M111408 Thu, 20 Aug 2020 05:25:22 GMT https://ttlc.intuit.com/community/retirement/discussion/if-i-leave-my-job-and-spend-my-401k-how-do-i-file-the-10-early-withdrawl-on-my-taxes-also-do-i-need/01/1710850#M111408 chandras77 2020-08-20T05:25:22Z Roth IRA withdrawals with annual tax implications https://ttlc.intuit.com/community/retirement/discussion/roth-ira-withdrawals-with-annual-tax-implications/01/1710830#M111406 Okay, this is my question.If you cash out some portion of your Roth IRA funds, you don't pay the taxes, right?Now, does the withdrawn money count as my income, so do I have to add it to my annual income and pay the tax or not?  Thu, 20 Aug 2020 11:08:34 GMT https://ttlc.intuit.com/community/retirement/discussion/roth-ira-withdrawals-with-annual-tax-implications/01/1710830#M111406 cspyon 2020-08-20T11:08:34Z I just received my tax return, and it had an addition amount over what was expected to be received. This is the first time this has happened. Does anyone know why? https://ttlc.intuit.com/community/retirement/discussion/i-just-received-my-tax-return-and-it-had-an-addition-amount-over-what-was-expected-to-be-received/01/1710743#M111394 I have already received my payment from the CARES act, so it doesn’t pertain to that amount. Wed, 19 Aug 2020 22:59:09 GMT https://ttlc.intuit.com/community/retirement/discussion/i-just-received-my-tax-return-and-it-had-an-addition-amount-over-what-was-expected-to-be-received/01/1710743#M111394 tynedevon1617 2020-08-19T22:59:09Z tax implications on the conversion of traditional IRA to Roth IRA https://ttlc.intuit.com/community/retirement/discussion/tax-implications-on-the-conversion-of-traditional-ira-to-roth-ira/01/1710699#M111386 Okay, this is my question.I've got an employer-sponsored retirement plan and Roth IRA.Now, I want to roll over the whole fund (about $1,7000) of one plan to Roth IRA.I've got two options: 20% Federal tax pay now, or pay later during the tax filing season next year.Which is better for me? If I pay the tax later, does this taxable fund count as income in my adjusted gross income? Even this taxable fund is added to my income, I belong to the 12% tax bracket zone. What do you think is the best solution for me?   Wed, 19 Aug 2020 21:59:38 GMT https://ttlc.intuit.com/community/retirement/discussion/tax-implications-on-the-conversion-of-traditional-ira-to-roth-ira/01/1710699#M111386 cspyon 2020-08-19T21:59:38Z I have entered all the Roth IRA info. Why do you ask me to start again? https://ttlc.intuit.com/community/retirement/discussion/i-have-entered-all-the-roth-ira-info-why-do-you-ask-me-to-start-again/01/1710561#M111383 This info is of no help....... Wed, 19 Aug 2020 17:53:27 GMT https://ttlc.intuit.com/community/retirement/discussion/i-have-entered-all-the-roth-ira-info-why-do-you-ask-me-to-start-again/01/1710561#M111383 abregina 2020-08-19T17:53:27Z 1099-R https://ttlc.intuit.com/community/retirement/discussion/1099-r/01/1710482#M111381 In my 1099-R, Box 2a. says UNKNOWN.  If I leave it blank, Turbotax asks numerous questions I don't have the answers to. Wed, 19 Aug 2020 15:19:16 GMT https://ttlc.intuit.com/community/retirement/discussion/1099-r/01/1710482#M111381 terrymlevine 2020-08-19T15:19:16Z Selling my primary home in Wa state. Will file 121 for upto $250,000 tax free once in lifetime. Will I need to pay personal income tax on that total? I will be 66. https://ttlc.intuit.com/community/retirement/discussion/selling-my-primary-home-in-wa-state-will-file-121-for-upto-250-000-tax-free-once-in-lifetime-will-i/01/1710278#M111379 Wed, 19 Aug 2020 00:45:54 GMT https://ttlc.intuit.com/community/retirement/discussion/selling-my-primary-home-in-wa-state-will-file-121-for-upto-250-000-tax-free-once-in-lifetime-will-i/01/1710278#M111379 Molakai 2020-08-19T00:45:54Z I am unemployed because of the pandemic I have been collecting the benefits but since the $600 government aid ended I have been doing Uber can still collect the unemployment benefits? https://ttlc.intuit.com/community/retirement/discussion/i-am-unemployed-because-of-the-pandemic-i-have-been-collecting-the-benefits-but-since-the-600/01/1710181#M111376 Tue, 18 Aug 2020 21:23:17 GMT https://ttlc.intuit.com/community/retirement/discussion/i-am-unemployed-because-of-the-pandemic-i-have-been-collecting-the-benefits-but-since-the-600/01/1710181#M111376 hvolmos 2020-08-18T21:23:17Z Tax on IRA withdrawls https://ttlc.intuit.com/community/retirement/discussion/tax-on-ira-withdrawls/01/1710156#M111373 I just retired. How do I know how much to withhold out of my Schwab IRA for federal taxes. I live in Texas , so there is no state income tax . Thanks. Tue, 18 Aug 2020 20:33:54 GMT https://ttlc.intuit.com/community/retirement/discussion/tax-on-ira-withdrawls/01/1710156#M111373 dougleopard 2020-08-18T20:33:54Z Hi, if my ira contributions are all after tax dollars do i need to pay tax if i withdraw it in 2020 https://ttlc.intuit.com/community/retirement/discussion/hi-if-my-ira-contributions-are-all-after-tax-dollars-do-i-need-to-pay-tax-if-i-withdraw-it-in-2020/01/1710050#M111368 Tue, 18 Aug 2020 15:16:43 GMT https://ttlc.intuit.com/community/retirement/discussion/hi-if-my-ira-contributions-are-all-after-tax-dollars-do-i-need-to-pay-tax-if-i-withdraw-it-in-2020/01/1710050#M111368 tomd64 2020-08-18T15:16:43Z RMD Complication Converting 401K to Roth? https://ttlc.intuit.com/community/retirement/discussion/rmd-complication-converting-401k-to-roth/01/1709810#M111366 Want to convert 401K to Roth but RMD due, but then again RMD is "waived!" If proceed with conversion will part be considered RMD and therefore not convertible? Mon, 17 Aug 2020 22:18:30 GMT https://ttlc.intuit.com/community/retirement/discussion/rmd-complication-converting-401k-to-roth/01/1709810#M111366 LowNotes 2020-08-17T22:18:30Z I received a check for a "restorative payment" from a class action for improper actions taken with respect to my 401k. How do I deposit the check and document this? https://ttlc.intuit.com/community/retirement/discussion/i-received-a-check-for-a-restorative-payment-from-a-class-action-for-improper-actions-taken-with/01/1709634#M111361 I want the funds to go into a retirement account (401k or IRA) and not be taxable t o me at this time. Mon, 17 Aug 2020 17:27:02 GMT https://ttlc.intuit.com/community/retirement/discussion/i-received-a-check-for-a-restorative-payment-from-a-class-action-for-improper-actions-taken-with/01/1709634#M111361 skostbyerly 2020-08-17T17:27:02Z I just want to regester for the 1st. St8mulus check https://ttlc.intuit.com/community/retirement/discussion/i-just-want-to-regester-for-the-1st-st8mulus-check/01/1709434#M111358 Mon, 17 Aug 2020 03:54:16 GMT https://ttlc.intuit.com/community/retirement/discussion/i-just-want-to-regester-for-the-1st-st8mulus-check/01/1709434#M111358 michaelborglewis 2020-08-17T03:54:16Z

<title>Retirement tax questions topics</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/02/209

</link>

<description>Retirement tax questions topics</description>

<dc:creator>209</dc:creator>

<dc:date>2020-09-13T23:48:15Z</dc:date>

<item>

<title>

I forgot to add 1099-B info on my TurboTax return now the IRS needs the information I want a copy of the form to fill out to send to the IRS

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-forgot-to-add-1099-b-info-on-my-turbotax-return-now-the-irs-needs-the-information-i-want-a-copy-of/01/1719838#M111723

</link>

<description>This is from my 2918 return</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-forgot-to-add-1099-b-info-on-my-turbotax-return-now-the-irs-needs-the-information-i-want-a-copy-of/01/1719838#M111723

</guid>

<dc:creator>mimalizem</dc:creator>

<dc:date>2020-09-13T21:16:19Z</dc:date>

</item>

<item>

<title>

How can I over ride turbo tax from a standard deduction to an itemized so that I can make a Roth contribution even though my income was low?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-can-i-over-ride-turbo-tax-from-a-standard-deduction-to-an-itemized-so-that-i-can-make-a-roth/01/1719758#M111719

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-can-i-over-ride-turbo-tax-from-a-standard-deduction-to-an-itemized-so-that-i-can-make-a-roth/01/1719758#M111719

</guid>

<dc:creator>nat12101988</dc:creator>

<dc:date>2020-09-13T17:26:01Z</dc:date>

</item>

<item>

<title>

I double-entered the tax withheld on an annuity withdrawal. How do I remove the second entry?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-double-entered-the-tax-withheld-on-an-annuity-withdrawal-how-do-i-remove-the-second-entry/01/1719756#M111718

</link>

I entered $10,908.49 as the withheld amount. I can't find how to delete the second entry.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-double-entered-the-tax-withheld-on-an-annuity-withdrawal-how-do-i-remove-the-second-entry/01/1719756#M111718

</guid>

<dc:creator>Ltull</dc:creator>

<dc:date>2020-09-13T17:22:06Z</dc:date>

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<item>

<title>

I received my RMD before move made in 2019. How do I change recipient address in review of 1099-R that asks for Recipient City, but already has my new address populated?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-received-my-rmd-before-move-made-in-2019-how-do-i-change-recipient-address-in-review-of-1099-r/01/1719715#M111716

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-received-my-rmd-before-move-made-in-2019-how-do-i-change-recipient-address-in-review-of-1099-r/01/1719715#M111716

</guid>

<dc:creator>eddinstom</dc:creator>

<dc:date>2020-09-13T16:02:41Z</dc:date>

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<item>

<title>

I received a letter from Texas Controller of Public Accounts asking me to contact a specific Tax enforcement officer...what could this be about?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-received-a-letter-from-texas-controller-of-public-accounts-asking-me-to-contact-a-specific-tax/01/1719564#M111711

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-received-a-letter-from-texas-controller-of-public-accounts-asking-me-to-contact-a-specific-tax/01/1719564#M111711

</guid>

<dc:creator>aloktax</dc:creator>

<dc:date>2020-09-13T00:16:41Z</dc:date>

</item>

<item>

<title>

I am trying to figure out how to add tax withheld for my 1099B. Turbo tax does not seem to have a place for this.

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-am-trying-to-figure-out-how-to-add-tax-withheld-for-my-1099b-turbo-tax-does-not-seem-to-have-a/01/1719495#M111709

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-am-trying-to-figure-out-how-to-add-tax-withheld-for-my-1099b-turbo-tax-does-not-seem-to-have-a/01/1719495#M111709

</guid>

<dc:creator>micheleneinsalac</dc:creator>

<dc:date>2020-09-12T19:44:12Z</dc:date>

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<item>

<title>

How much percentage of state income tax would be withheld from my retirement plan when doing a full cash withdrawal?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-much-percentage-of-state-income-tax-would-be-withheld-from-my-retirement-plan-when-doing-a-full/01/1719412#M111706

</link>

i am withdrawing from my retirement plan and im trying to figure out how much state income tax should be withheld for the state of ny

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-much-percentage-of-state-income-tax-would-be-withheld-from-my-retirement-plan-when-doing-a-full/01/1719412#M111706

</guid>

<dc:creator>j10</dc:creator>

<dc:date>2020-09-12T17:08:51Z</dc:date>

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<item>

<title>

I was unemployed in 2019 and withdrew 100K from my IRA to cover expenses. How do I report this money? Is it considered income?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-was-unemployed-in-2019-and-withdrew-100k-from-my-ira-to-cover-expenses-how-do-i-report-this-money/01/1719279#M111701

</link>

I had no employment income in 2019 and instead paid my expenses from money I have inherited. The money is divided between three accounts: an IRA, a supplemental IRA, and an account with funds earmarked for the future purchase of a home. During the year, I took two withdrawals of 50K each. I’m assuming that I must report these on my 2019 return, but I’m not sure where in TT to enter them. Are the withdrawals considered income, etc.? Also, I separately took a mandatory minimum distribution from my IRA, which I transferred to my supplemental IRA account. Does the fact that I transferred the distribution to another account make any difference in terms of how I report it? Any help regarding these questions would be greatly appreciated.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-was-unemployed-in-2019-and-withdrew-100k-from-my-ira-to-cover-expenses-how-do-i-report-this-money/01/1719279#M111701

</guid>

<dc:creator>JO4</dc:creator>

<dc:date>2020-09-12T02:44:04Z</dc:date>

</item>

<item>

<title>How to create 1099</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-to-create-1099/01/1719166#M111696

</link>

<description>I want to look up 1099s I created already</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-to-create-1099/01/1719166#M111696

</guid>

<dc:creator>ray7172</dc:creator>

<dc:date>2020-09-11T20:03:53Z</dc:date>

</item>

<item>

<title>

Excess Roth IRA over payment when withdrawn had earned income of $344.87. Do I report this income? If so, where do I report it?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/excess-roth-ira-over-payment-when-withdrawn-had-earned-income-of-344-87-do-i-report-this-income-if/01/1719104#M111693

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/excess-roth-ira-over-payment-when-withdrawn-had-earned-income-of-344-87-do-i-report-this-income-if/01/1719104#M111693

</guid>

<dc:creator>101852790_03154</dc:creator>

<dc:date>2020-09-11T18:15:01Z</dc:date>

</item>

<item>

<title>

Why do I pay tax on my Social Security income if I am 69 and still working?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/why-do-i-pay-tax-on-my-social-security-income-if-i-am-69-and-still-working/01/1719097#M111691

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/why-do-i-pay-tax-on-my-social-security-income-if-i-am-69-and-still-working/01/1719097#M111691

</guid>

<dc:creator>jimfligor</dc:creator>

<dc:date>2020-09-11T18:08:32Z</dc:date>

</item>

<item>

<title>Social Security + income from elsewhere</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/social-security-income-from-elsewhere/01/1718786#M111680

</link>

I get $1900 monthly from SS. How much can I make before my SS gets taxed

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/social-security-income-from-elsewhere/01/1718786#M111680

</guid>

<dc:creator>Djarvis99</dc:creator>

<dc:date>2020-09-10T20:51:48Z</dc:date>

</item>

<item>

<title>

I am self employed. My husband receives social security. I have not filed our tax returns for 2018

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-am-self-employed-my-husband-receives-social-security-i-have-not-filed-our-tax-returns-for-2018/01/1718760#M111676

</link>

My husband had a stroke. His condition has prevented me from completing our tax returns. Should I file separately?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-am-self-employed-my-husband-receives-social-security-i-have-not-filed-our-tax-returns-for-2018/01/1718760#M111676

</guid>

<dc:creator>barden2017</dc:creator>

<dc:date>2020-09-10T19:49:46Z</dc:date>

</item>

<item>

<title>

I took out a COVID-related distribution out of each of my two 403(b) accounts. My usual biweekly contributions is being deducted from my paycheck (pre-tax). I intend on paying back the distribution th

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-took-out-a-covid-related-distribution-out-of-each-of-my-two-403-b-accounts-my-usual-biweekly/01/1718732#M111672

</link>

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-took-out-a-covid-related-distribution-out-of-each-of-my-two-403-b-accounts-my-usual-biweekly/01/1718732#M111672

</guid>

<dc:creator>tobe2017</dc:creator>

<dc:date>2020-09-10T18:37:27Z</dc:date>

</item>

<item>

<title>

Can wife make Qualified HSA Funding Distribution from IRA for $8,100 in 2020 if high deductible plan is in husband's name? And husband took QHFD in a prior year?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/can-wife-make-qualified-hsa-funding-distribution-from-ira-for-8-100-in-2020-if-high-deductible-plan/01/1718706#M111667

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/can-wife-make-qualified-hsa-funding-distribution-from-ira-for-8-100-in-2020-if-high-deductible-plan/01/1718706#M111667

</guid>

<dc:creator>maxwell91</dc:creator>

<dc:date>2020-09-10T17:56:56Z</dc:date>

</item>

<item>

<title>IRA Deduction Eligability</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/ira-deduction-eligability/01/1718692#M111666

</link>

Working for a private company this year is the first W2 job I have had since retirement some many years ago so it will present a sizable bump up in our income this year and perhaps in the immediate following year.  Both my wife and I are retired on and collecting US Government pensions.  Me OPM and her OPM and Social Security.  I was investigating opening both an IRA for me (age 72) and a spousal IRA for her (age 66) for tax sheltering purposes under the 2019 changes in law.  I do understand that my eligibility to DEDUCT an IRA contribution is based on our Modified Adjusted Gross Income AND  whether I or my spouse is covered by a workplace retirement plan.  My current employer does not have a workplace retirement plan.  BUT THE PART I DO NOT UNDERSTAND IS: DO OUR RETIREMENT PENSIONS THAT WE ARE COLLECTING FALL UNDER THE DEFINITION OF "COVERED BY A WORKPLACE RETIREMENT PLAN" WITH RESPECT TO ELIGIBILITY FOR A IRA DEDUCTION AND AMOUNT?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/ira-deduction-eligability/01/1718692#M111666

</guid>

<dc:creator>Len13</dc:creator>

<dc:date>2020-09-10T17:35:08Z</dc:date>

</item>

<item>

<title>

TurboTax does not recognize my retirement income contributions. How can I change that?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/turbotax-does-not-recognize-my-retirement-income-contributions-how-can-i-change-that/01/1718237#M111664

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/turbotax-does-not-recognize-my-retirement-income-contributions-how-can-i-change-that/01/1718237#M111664

</guid>

<dc:creator>alunda-n-hopkins</dc:creator>

<dc:date>2020-09-09T14:42:42Z</dc:date>

</item>

<item>

<title>

Will I get a bill from the irs for my 10% early ira w/d penalty? I filed my taxes I paid the fed taxes I owed but I still haven't received a bill for 10% penalty?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/will-i-get-a-bill-from-the-irs-for-my-10-early-ira-w-d-penalty-i-filed-my-taxes-i-paid-the-fed-taxes/01/1717978#M111656

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/will-i-get-a-bill-from-the-irs-for-my-10-early-ira-w-d-penalty-i-filed-my-taxes-i-paid-the-fed-taxes/01/1717978#M111656

</guid>

<dc:creator>paloma2507</dc:creator>

<dc:date>2020-09-08T20:02:12Z</dc:date>

</item>

<item>

<title>

How do I obtain a copy of a 1099 Form that I sent to a contractor in 2018?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-obtain-a-copy-of-a-1099-form-that-i-sent-to-a-contractor-in-2018/01/1717918#M111653

</link>

I received a CP2100A notice from the IRS saying that the payee information I entered on the 1099 I sent to them may be incorrect. How do I find a copy of the 1099 I sent to the contractor in 2018?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-obtain-a-copy-of-a-1099-form-that-i-sent-to-a-contractor-in-2018/01/1717918#M111653

</guid>

<dc:creator>ApplesInMyBra</dc:creator>

<dc:date>2020-09-08T17:53:43Z</dc:date>

</item>

<item>

<title>

We could not e-file your return for the following reason: Duplicate Social Security Number: A tax return with the same Social Security number has already been submitted - in other words, it appears yo

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/we-could-not-e-file-your-return-for-the-following-reason-duplicate-social-security-number-a-tax/01/1717749#M111651

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/we-could-not-e-file-your-return-for-the-following-reason-duplicate-social-security-number-a-tax/01/1717749#M111651

</guid>

<dc:creator>mannyy21</dc:creator>

<dc:date>2020-09-08T13:26:13Z</dc:date>

</item>

<item>

<title>

I just received a penalty for code 6654. How do I determine the reason? How do I remove this penalty?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-just-received-a-penalty-for-code-6654-how-do-i-determine-the-reason-how-do-i-remove-this-penalty/01/1717571#M111648

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-just-received-a-penalty-for-code-6654-how-do-i-determine-the-reason-how-do-i-remove-this-penalty/01/1717571#M111648

</guid>

<dc:creator>bdlevin2003</dc:creator>

<dc:date>2020-09-07T20:15:42Z</dc:date>

</item>

<item>

<title>

Why does it not let me move on with the payment area on line 11a?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/why-does-it-not-let-me-move-on-with-the-payment-area-on-line-11a/01/1717264#M111645

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/why-does-it-not-let-me-move-on-with-the-payment-area-on-line-11a/01/1717264#M111645

</guid>

<dc:creator>mhuntington77</dc:creator>

<dc:date>2020-09-06T17:53:05Z</dc:date>

</item>

<item>

<title>Husband and Wife LLC in California Set up SEP IRA</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/husband-and-wife-llc-in-california-set-up-sep-ira/01/1717068#M111641

</link>

1) Both husband and wife had full time jobs. Husband maxed out employer's 401K (19K) and 403b (19k). Wife maxed out employer's 401k (19k). 2) Husband and wife joined ran a side business, a LLC in a community property state (California). The LLC had no other employees. Husband and wife didn't take any wages from the LLC. 3) The LLC's treated as disregard entity in term of federal tax return. It was reported on one schedule C. Husband's name was list as name of proprietor on the schedule C.   Question: can husband and wife set up separate SEP IRA  accounts to the following limit? <OL><LI>25% of compensation, or</LI><LI>$57,000 for 2020 ($56,000 for 2019 )</LI></OL>

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/husband-and-wife-llc-in-california-set-up-sep-ira/01/1717068#M111641

</guid>

<dc:creator>california0905</dc:creator>

<dc:date>2020-09-05T22:33:54Z</dc:date>

</item>

<item>

<title>

I want to take a $20,000 deduction from my NYS government pension income in preparing my MA tax return. I could not find a way to do it?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-want-to-take-a-20-000-deduction-from-my-nys-government-pension-income-in-preparing-my-ma-tax/01/1717045#M111639

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-want-to-take-a-20-000-deduction-from-my-nys-government-pension-income-in-preparing-my-ma-tax/01/1717045#M111639

</guid>

<dc:creator>ToughTony</dc:creator>

<dc:date>2020-09-05T21:44:19Z</dc:date>

</item>

<item>

<title>

I'm applying for SS retirement income. The application asks if I agree with my earnings history on my SS Statement. The earnings do not match anything on my 1040s. Help!

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-m-applying-for-ss-retirement-income-the-application-asks-if-i-agree-with-my-earnings-history-on-my/01/1717013#M111634

</link>

Which line of income on my 1040s do I use to compare to "Your Taxed Social Security Earnings" on my SS Statement?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-m-applying-for-ss-retirement-income-the-application-asks-if-i-agree-with-my-earnings-history-on-my/01/1717013#M111634

</guid>

<dc:creator>mdpisano</dc:creator>

<dc:date>2020-09-05T20:30:05Z</dc:date>

</item>

<item>

<title>Did my stimulus check get mailed to [removed]</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/did-my-stimulus-check-get-mailed-to-removed/01/1716932#M111632

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/did-my-stimulus-check-get-mailed-to-removed/01/1716932#M111632

</guid>

<dc:creator>taylorbingham012</dc:creator>

<dc:date>2020-09-08T15:50:15Z</dc:date>

</item>

<item>

<title>Should my Naval Reserve Pension be taxed?</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/should-my-naval-reserve-pension-be-taxed/01/1716589#M111618

</link>

How much California State tax and Federal Tax should be witheld for my Military Naval Reserve Pension?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/should-my-naval-reserve-pension-be-taxed/01/1716589#M111618

</guid>

<dc:creator>bilelloedward</dc:creator>

<dc:date>2020-09-04T15:26:10Z</dc:date>

</item>

<item>

<title>

Will I pay Federal and State taxes on my Military pension?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/will-i-pay-federal-and-state-taxes-on-my-military-pension/01/1716576#M111617

</link>

I need to know how much California State tax and Federal tax should be witheld for my Naval Reserve pension at age 60, which is this month?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/will-i-pay-federal-and-state-taxes-on-my-military-pension/01/1716576#M111617

</guid>

<dc:creator>bilelloedward</dc:creator>

<dc:date>2020-09-04T15:09:18Z</dc:date>

</item>

<item>

<title>

My family took out an early retirement withdraw to use on post secondary education expenses. Isn't this an exception to any penalties I may owe in 2018?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/my-family-took-out-an-early-retirement-withdraw-to-use-on-post-secondary-education-expenses-isn-t/01/1716513#M111615

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/my-family-took-out-an-early-retirement-withdraw-to-use-on-post-secondary-education-expenses-isn-t/01/1716513#M111615

</guid>

<dc:creator>travis_lemon</dc:creator>

<dc:date>2020-09-04T12:27:11Z</dc:date>

</item>

<item>

<title>

Will a lump sum of my pension affect child support payments if i wasnt married to the mom?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/will-a-lump-sum-of-my-pension-affect-child-support-payments-if-i-wasnt-married-to-the-mom/01/1716445#M111612

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/will-a-lump-sum-of-my-pension-affect-child-support-payments-if-i-wasnt-married-to-the-mom/01/1716445#M111612

</guid>

<dc:creator>jig42019</dc:creator>

<dc:date>2020-09-04T02:24:28Z</dc:date>

</item>

<item>

<title>Earlier Year Lump Sum Pension Plan Income. Amend?</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/earlier-year-lump-sum-pension-plan-income-amend/01/1716402#M111608

</link>

My wife's ex retired.  She is getting a pension payout as part of the divorce settlement.  Apparently, the retirement start date was July 2019, but it took until now, Sep 2020, for the paper work to complete and the payments to start.  She received back pay as a lump sum in 2020.  Since the payment was received in 2020, does it all go on the 2020 tax form?  Or do I have to amend my 2019 to include the amount that would have been earned during that tax year?  I've not received any tax forms yet for the pension.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/earlier-year-lump-sum-pension-plan-income-amend/01/1716402#M111608

</guid>

<dc:creator>cas206</dc:creator>

<dc:date>2020-09-03T23:41:46Z</dc:date>

</item>

<item>

<title>Rollover IRA tax</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/rollover-ira-tax/01/1716343#M111606

</link>

I opened a backdoor Roth IRA account last year (Dec 2019) with the Vanguard and forgot to realize that I also had a rollover IRA with the Fidelity.  I recently found out that this is not allowed.  I am in the process of converting the rollover IRA into my current 401K plan.  I hope this should resolve the problem.  However, I was told that I have to pay tax on the rollover IRA last year.  How can file this?  What form and calculation method should I use.  Thanks. M.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/rollover-ira-tax/01/1716343#M111606

</guid>

<dc:creator>muss007</dc:creator>

<dc:date>2020-09-03T20:29:07Z</dc:date>

</item>

<item>

<title>

Can turbo tax assist me in my 2020 tax return if I rollover some $ into my Ira into my Roth Ira this year?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/can-turbo-tax-assist-me-in-my-2020-tax-return-if-i-rollover-some-into-my-ira-into-my-roth-ira-this/01/1716317#M111605

</link>

Can turbo tax assist me in preparing my 2020 tax return if I rollover some $ from my Ira to my Roth Ira this year? Or should I hire a Cpa?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/can-turbo-tax-assist-me-in-my-2020-tax-return-if-i-rollover-some-into-my-ira-into-my-roth-ira-this/01/1716317#M111605

</guid>

<dc:creator>buffybern</dc:creator>

<dc:date>2020-09-03T19:20:43Z</dc:date>

</item>

<item>

<title>

Can I change the amount of withholding taxes if I choose not to take the minimum required distribution from retirement accounts?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/can-i-change-the-amount-of-withholding-taxes-if-i-choose-not-to-take-the-minimum-required/01/1716255#M111600

</link>

<description>The Cares act allows me to defer withdrawals.</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/can-i-change-the-amount-of-withholding-taxes-if-i-choose-not-to-take-the-minimum-required/01/1716255#M111600

</guid>

<dc:creator>otavsky</dc:creator>

<dc:date>2020-09-03T17:49:00Z</dc:date>

</item>

<item>

<title>How do I enter my SSA-1099?</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-enter-my-ssa-1099/01/1716204#M111597

</link>

<description>Where do I enter my SSA-1099?</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-enter-my-ssa-1099/01/1716204#M111597

</guid>

<dc:creator>sissyseta</dc:creator>

<dc:date>2020-09-03T16:21:25Z</dc:date>

</item>

<item>

<title>

What percentage does state take from my 401k plan if I withdraw it

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/what-percentage-does-state-take-from-my-401k-plan-if-i-withdraw-it/01/1716082#M111593

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/what-percentage-does-state-take-from-my-401k-plan-if-i-withdraw-it/01/1716082#M111593

</guid>

<dc:creator>Jenkins18</dc:creator>

<dc:date>2020-09-03T03:49:55Z</dc:date>

</item>

<item>

<title>

I efiled 2019 federal taxes --- where dan I access social security benefit numbers for spouse and I separately? cannot find 1099-R

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-efiled-2019-federal-taxes-where-dan-i-access-social-security-benefit-numbers-for-spouse-and-i/01/1715983#M111589

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-efiled-2019-federal-taxes-where-dan-i-access-social-security-benefit-numbers-for-spouse-and-i/01/1715983#M111589

</guid>

<dc:creator>chiplamborn</dc:creator>

<dc:date>2020-09-02T21:36:50Z</dc:date>

</item>

<item>

<title>

I won a judgement against my ex landlord for money that he owed me. do i have to pay taxes on it? i already paid taxes on it when it was received as earned income.

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-won-a-judgement-against-my-ex-landlord-for-money-that-he-owed-me-do-i-have-to-pay-taxes-on-it-i/01/1715947#M111588

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-won-a-judgement-against-my-ex-landlord-for-money-that-he-owed-me-do-i-have-to-pay-taxes-on-it-i/01/1715947#M111588

</guid>

<dc:creator>amberleonard01</dc:creator>

<dc:date>2020-09-02T20:28:59Z</dc:date>

</item>

<item>

<title>

I'm on social security and only made $832 last year due to being on disability. How can I switch my account to the free version?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-m-on-social-security-and-only-made-832-last-year-due-to-being-on-disability-how-can-i-switch-my/01/1715810#M111583

</link>

<description>How can i switch to free version?</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-m-on-social-security-and-only-made-832-last-year-due-to-being-on-disability-how-can-i-switch-my/01/1715810#M111583

</guid>

<dc:creator>maruthe17</dc:creator>

<dc:date>2020-09-02T16:37:28Z</dc:date>

</item>

<item>

<title>

Can I pay a 401k early withdrawal 10% penalty early - as in right now? Or do I have to wait until next tax season?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/can-i-pay-a-401k-early-withdrawal-10-penalty-early-as-in-right-now-or-do-i-have-to-wait-until-next/01/1715368#M111574

</link>

I'd like to pay this penalty now - I don't have any official tax forms as of yet from my employer/plan administrator. I don't think I will quality for any exemptions, but here's my situation. Unemployed, on severance. Using the money to pay off some debt to get ahead of severance ending soon. If there's a way to make an advance payment, I'd like to do it as soon as possible.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/can-i-pay-a-401k-early-withdrawal-10-penalty-early-as-in-right-now-or-do-i-have-to-wait-until-next/01/1715368#M111574

</guid>

<dc:creator>user38115</dc:creator>

<dc:date>2020-09-01T16:16:13Z</dc:date>

</item>

<item>

<title>SEP IRA Payments until October 15 - Extension</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/sep-ira-payments-until-october-15-extension/01/1715284#M111573

</link>

Hi there -I filled out the form 4868 and paid all taxes before July 15, and filed electronically.  Now I'm going back to finish up and fund my SEP IRA (I'm self-employed, and can fund about $30K this year.)  Several problems: First, my previous SEP IRA contributions aren't showing. Second, it doesn't seem like turbotax is recognizing that I can make additional SEP IRA contributions up until October 15, 2020.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/sep-ira-payments-until-october-15-extension/01/1715284#M111573

</guid>

<dc:creator>DebRedman108</dc:creator>

<dc:date>2020-09-01T12:29:06Z</dc:date>

</item>

<item>

<title>

Received a check from NJ Unclaimed Property. It's from an old life insurance policy. I would like to deposit it into my Roth IRA. What are all the tax implications?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/received-a-check-from-nj-unclaimed-property-it-s-from-an-old-life-insurance-policy-i-would-like-to/01/1715130#M111564

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/received-a-check-from-nj-unclaimed-property-it-s-from-an-old-life-insurance-policy-i-would-like-to/01/1715130#M111564

</guid>

<dc:creator>palamarikryan</dc:creator>

<dc:date>2020-08-31T21:47:22Z</dc:date>

</item>

<item>

<title>

Cares Act IRA Rollover of Stock Removed as Part of RMD

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/cares-act-ira-rollover-of-stock-removed-as-part-of-rmd/01/1715123#M111563

</link>

I rolled over a partial RMD of stock from my IRA account and returned to original account. Brokerage firm did not show the value of the rolled over stock as equal to th at of the distribution. Brokerage firm showed the value to be that of the stock on the day of the rollover. Therefore the rollover deposit does not equal the original dollar value deposited in the IRA. Brokerage firm only matched the number of shares originally withdrawn. In other words the rollover matches the number of shares but not the dollar value. Brokerage firm refuses to correct the the dollar amount of the rollover. Therefore I will not benefit from the Cares Act that allows rollovers in 2020. What is my recourse?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/cares-act-ira-rollover-of-stock-removed-as-part-of-rmd/01/1715123#M111563

</guid>

<dc:creator>musiuloco</dc:creator>

<dc:date>2020-08-31T21:38:31Z</dc:date>

</item>

<item>

<title>

I have a retirement plan in the USA, but I am moving to Europe and I want to know which taxes I will pay once I am a non-resident alien

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-have-a-retirement-plan-in-the-usa-but-i-am-moving-to-europe-and-i-want-to-know-which-taxes-i-will/01/1714982#M111559

</link>

I am from Spain, I have been leaving in the USA for the last 5 years and the retirement plan corresponds to these 5 years. Now I am moving back to Spain and I want to know if it worth it to keep the retirement plan and then when I am retired check out the money from Spain (non-resident alien) or to withdraw the money now and pay the taxes when I am still USA resident alien.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-have-a-retirement-plan-in-the-usa-but-i-am-moving-to-europe-and-i-want-to-know-which-taxes-i-will/01/1714982#M111559

</guid>

<dc:creator>raquel-castillo</dc:creator>

<dc:date>2020-08-31T17:24:24Z</dc:date>

</item>

<item>

<title>

If I had to cash out a divorcing spouse for half of the equity in my house, does that affect my basis for tax purposes?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/if-i-had-to-cash-out-a-divorcing-spouse-for-half-of-the-equity-in-my-house-does-that-affect-my-basis/01/1714948#M111558

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/if-i-had-to-cash-out-a-divorcing-spouse-for-half-of-the-equity-in-my-house-does-that-affect-my-basis/01/1714948#M111558

</guid>

<dc:creator>Lasse</dc:creator>

<dc:date>2020-08-31T16:42:30Z</dc:date>

</item>

<item>

<title>

I've already filed and received my 2019 tax back. I just received a 5498 form for 2019 for an IRA which was a rollover from a 401k. Do I need to file an adjusted return?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-ve-already-filed-and-received-my-2019-tax-back-i-just-received-a-5498-form-for-2019-for-an-ira/01/1714934#M111556

</link>

<description>received on 31 Aug 2020</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-ve-already-filed-and-received-my-2019-tax-back-i-just-received-a-5498-form-for-2019-for-an-ira/01/1714934#M111556

</guid>

<dc:creator>DRock511</dc:creator>

<dc:date>2020-08-31T16:18:42Z</dc:date>

</item>

<item>

<title>

Considering withdrawing out of my IRA account. Trying to figure out how much tax I should take off (I'm in NE, under 59yrs). I don't want to owe next year. Help, please?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/considering-withdrawing-out-of-my-ira-account-trying-to-figure-out-how-much-tax-i-should-take-off-i/01/1714879#M111552

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/considering-withdrawing-out-of-my-ira-account-trying-to-figure-out-how-much-tax-i-should-take-off-i/01/1714879#M111552

</guid>

<dc:creator>smthmelv</dc:creator>

<dc:date>2020-08-31T14:19:48Z</dc:date>

</item>

<item>

<title>STILL haven't gotten stimulus check</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/still-haven-t-gotten-stimulus-check/01/1714793#M111550

</link>

Hi, I have a question about the first stimulus check from earlier this year. I did not work in 2018. However, at the time, right after it was approved and before they began to process the payments, several family members urged me to file a tax return regardless (this was before they had the option for non filers I believe). I basically only reported the interest I earned from my bank account. I was not claimed as a dependent and I indicated that on my return. My return was accepted in late March. As of now, late August, I have not received a payment, and when I enter my info on Get My Payment, it says my payment status is unavailable either because it hasn't been processed (after 5 months?) or because I'm not eligible (which I should be). I am wondering what this is about, and if they're just slow for some reason and to wait, or if I should file for an appeal. However, I wouldn't even know where to submit it because I haven't received any mail from the IRS pertaining to this. I need the money because my hours this year were cut by a lot due to the virus, and I really don't know how to address this.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/still-haven-t-gotten-stimulus-check/01/1714793#M111550

</guid>

<dc:creator>ciaraetheridge</dc:creator>

<dc:date>2020-08-31T05:39:55Z</dc:date>

</item>

<item>

<title>

Isn't there a problem with the Social Security Benefits Worksheet? Line A from Box 5 already includes the Medicare premiums added in lines C-E, so these are doubled.

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/isn-t-there-a-problem-with-the-social-security-benefits-worksheet-line-a-from-box-5-already-includes/01/1714759#M111545

</link>

Box 5 on the SSA-1099 form is the total benefit minus any repaid benefits. Medicare premiums have not been deducted, so they should not be added to this total to arrive at the amount totaled in line 1 of the worksheet.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/isn-t-there-a-problem-with-the-social-security-benefits-worksheet-line-a-from-box-5-already-includes/01/1714759#M111545

</guid>

<dc:creator>anstockton</dc:creator>

<dc:date>2020-08-31T02:55:00Z</dc:date>

</item>

<item>

<title>

The question is do you make money in any other state? I make money in international waters by working onboard a cruise ship. how do i answer this question?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/the-question-is-do-you-make-money-in-any-other-state-i-make-money-in-international-waters-by-working/01/1714723#M111543

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/the-question-is-do-you-make-money-in-any-other-state-i-make-money-in-international-waters-by-working/01/1714723#M111543

</guid>

<dc:creator>ckayles</dc:creator>

<dc:date>2020-08-30T23:47:07Z</dc:date>

</item>

<item>

<title>

Green card holder resident in California 2019. I receive Indian pension from previous employer a public sector undertaking. whether this pension is taxable as per DTAA?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/green-card-holder-resident-in-california-2019-i-receive-indian-pension-from-previous-employer-a/01/1714705#M111542

</link>

my Indian pension payer already deducted taxes on this pension

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/green-card-holder-resident-in-california-2019-i-receive-indian-pension-from-previous-employer-a/01/1714705#M111542

</guid>

<dc:creator>iobsk</dc:creator>

<dc:date>2020-08-30T23:01:59Z</dc:date>

</item>

<item>

<title>

I made a direct charitable contribution from my IRA. How do I enter this amount onto Form 1099-R line 1e?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-made-a-direct-charitable-contribution-from-my-ira-how-do-i-enter-this-amount-onto-form-1099-r-line/01/1714678#M111540

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-made-a-direct-charitable-contribution-from-my-ira-how-do-i-enter-this-amount-onto-form-1099-r-line/01/1714678#M111540

</guid>

<dc:creator>dak2</dc:creator>

<dc:date>2020-08-30T22:09:45Z</dc:date>

</item>

<item>

<title>

Can we use as disability backup funds ( non taxed) to contribute to a ira and it not be counted as income for the same year?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/can-we-use-as-disability-backup-funds-non-taxed-to-contribute-to-a-ira-and-it-not-be-counted-as/01/1714562#M111536

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/can-we-use-as-disability-backup-funds-non-taxed-to-contribute-to-a-ira-and-it-not-be-counted-as/01/1714562#M111536

</guid>

<dc:creator>agibson1</dc:creator>

<dc:date>2020-08-30T18:28:47Z</dc:date>

</item>

<item>

<title>What IRS Forms to use</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/what-irs-forms-to-use/01/1714413#M111529

</link>

I am retired, but I work as an Independent Contractor as a Stat Medical Courier.My IC income is reported on a 1099-MiscI receive Social Security, a Pension, a small VA Benefit, plus what I earn as an IC.My wife income is Pension and Social Security.We have small Interest and Dividend returns.I have been using TurboTax for 20 years or so.My gross IC Income will be in the $11,000-$14,000. rangeI would like to know what IRS forms I should plan using relating to my Independent Contractor income.My only expenses are for the use of my car; Cellphone; minor office supplies. I work out of my rented apartment where I live.Thank youA.T. McIntosh

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/what-irs-forms-to-use/01/1714413#M111529

</guid>

<dc:creator>T-MAC</dc:creator>

<dc:date>2020-08-29T22:56:16Z</dc:date>

</item>

<item>

<title>

My only income is social security disability and survivor benefit, do i need to file a state or federal tax return

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/my-only-income-is-social-security-disability-and-survivor-benefit-do-i-need-to-file-a-state-or/01/1714337#M111527

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/my-only-income-is-social-security-disability-and-survivor-benefit-do-i-need-to-file-a-state-or/01/1714337#M111527

</guid>

<dc:creator>rittamcardle</dc:creator>

<dc:date>2020-08-29T19:12:39Z</dc:date>

</item>

<item>

<title>

My only source of income is a monthly soc sec disability check and I draw a survivor benefit , do I need to file a tax refund ?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/my-only-source-of-income-is-a-monthly-soc-sec-disability-check-and-i-draw-a-survivor-benefit-do-i/01/1714334#M111525

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/my-only-source-of-income-is-a-monthly-soc-sec-disability-check-and-i-draw-a-survivor-benefit-do-i/01/1714334#M111525

</guid>

<dc:creator>rittamcardle</dc:creator>

<dc:date>2020-08-29T19:10:28Z</dc:date>

</item>

<item>

<title>

Am I a qualified individual for purposes of section 2202 of the CARES Act?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/am-i-a-qualified-individual-for-purposes-of-section-2202-of-the-cares-act/01/1714309#M111524

</link>

We have a 6 year old in 1st grade and her elementary school district has decided to go full virtual for the first semester. Since both my wife and I work full-time, we hired a private tutor to assist her with her learning and school-work. Would this be sufficient for qualifying under "experience adverse financial consequences as a result of being quarantined"?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/am-i-a-qualified-individual-for-purposes-of-section-2202-of-the-cares-act/01/1714309#M111524

</guid>

<dc:creator>andreenc</dc:creator>

<dc:date>2020-08-29T17:57:29Z</dc:date>

</item>

<item>

<title>Just Retired, 1040-es recalculation needed ?</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/just-retired-1040-es-recalculation-needed/01/1714260#M111521

</link>

TT calculated 1040-es based on my 2019 salary. Just retired, now have my SS benefits numbers and my wife's. Want to recalculate 1040-es.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/just-retired-1040-es-recalculation-needed/01/1714260#M111521

</guid>

<dc:creator>agp3</dc:creator>

<dc:date>2020-08-29T16:28:12Z</dc:date>

</item>

<item>

<title>

If rurbo tax filed a state return based off my fed return but my state does not tax retirement pensions ! Now my state has sent me a tax bill. What can I do ?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/if-rurbo-tax-filed-a-state-return-based-off-my-fed-return-but-my-state-does-not-tax-retirement/01/1714259#M111520

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/if-rurbo-tax-filed-a-state-return-based-off-my-fed-return-but-my-state-does-not-tax-retirement/01/1714259#M111520

</guid>

<dc:creator>auntygnoeau</dc:creator>

<dc:date>2020-08-29T16:25:49Z</dc:date>

</item>

<item>

<title>

I need to see how turbo tax calculated the amount of my SEP contribution. Where can I find this?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-need-to-see-how-turbo-tax-calculated-the-amount-of-my-sep-contribution-where-can-i-find-this/01/1714243#M111519

</link>

My accountant reviewed my tax return (which I prepared with turbo tax) and told me that I overfunded my SEP contribution.  I need to find out how turbo tax arrived at the amount of the contribution.  Where can I find this?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-need-to-see-how-turbo-tax-calculated-the-amount-of-my-sep-contribution-where-can-i-find-this/01/1714243#M111519

</guid>

<dc:creator>stucky3</dc:creator>

<dc:date>2020-08-29T15:42:13Z</dc:date>

</item>

<item>

<title>

Is it smart to get $100.00 every 2 weeks taken off my check for taxes, if both my wife and I are working and make about the same amount?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/is-it-smart-to-get-100-00-every-2-weeks-taken-off-my-check-for-taxes-if-both-my-wife-and-i-are/01/1714170#M111517

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/is-it-smart-to-get-100-00-every-2-weeks-taken-off-my-check-for-taxes-if-both-my-wife-and-i-are/01/1714170#M111517

</guid>

<dc:creator>off_the_ground</dc:creator>

<dc:date>2020-08-29T12:24:46Z</dc:date>

</item>

<item>

<title>Are social security/disability payments taxable</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/are-social-security-disability-payments-taxable/01/1714083#M111513

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/are-social-security-disability-payments-taxable/01/1714083#M111513

</guid>

<dc:creator>sharoncastle61_0</dc:creator>

<dc:date>2020-08-28T23:19:45Z</dc:date>

</item>

<item>

<title>

When i enter HSA contrib, i see that it says employer contrib. = 3500. Of this amount, i contributed 2500. So does this count as 'any contributions you personally made' ?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/when-i-enter-hsa-contrib-i-see-that-it-says-employer-contrib-3500-of-this-amount-i-contributed-2500/01/1713891#M111510

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/when-i-enter-hsa-contrib-i-see-that-it-says-employer-contrib-3500-of-this-amount-i-contributed-2500/01/1713891#M111510

</guid>

<dc:creator>eussrik</dc:creator>

<dc:date>2020-08-28T14:49:26Z</dc:date>

</item>

<item>

<title>

Under the CARES Act, if I use a portion of my qualified 401k withdrawal to pay an pre existing 401k loan, does that qualify as a partial repayment contribution of this special withdrawal?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/under-the-cares-act-if-i-use-a-portion-of-my-qualified-401k-withdrawal-to-pay-an-pre-existing-401k/01/1713526#M111508

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/under-the-cares-act-if-i-use-a-portion-of-my-qualified-401k-withdrawal-to-pay-an-pre-existing-401k/01/1713526#M111508

</guid>

<dc:creator>diadeztt1</dc:creator>

<dc:date>2020-08-27T14:36:44Z</dc:date>

</item>

<item>

<title>

What shoul I do if I received by mistake the 1200 USD for Covid-19?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/what-shoul-i-do-if-i-received-by-mistake-the-1200-usd-for-covid-19/01/1713284#M111503

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/what-shoul-i-do-if-i-received-by-mistake-the-1200-usd-for-covid-19/01/1713284#M111503

</guid>

<dc:creator>urbina98</dc:creator>

<dc:date>2020-08-26T20:57:17Z</dc:date>

</item>

<item>

<title>

If I only worked part of the 2020 year, as I am now unemployed, can I contribute to a Roth IRA and deduct that contribution on my 2020 filing?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/if-i-only-worked-part-of-the-2020-year-as-i-am-now-unemployed-can-i-contribute-to-a-roth-ira-and/01/1713146#M111499

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/if-i-only-worked-part-of-the-2020-year-as-i-am-now-unemployed-can-i-contribute-to-a-roth-ira-and/01/1713146#M111499

</guid>

<dc:creator>ian-m</dc:creator>

<dc:date>2020-08-26T16:59:11Z</dc:date>

</item>

<item>

<title>

What is the joint filing income maximum to allow eligibility to participate in a 401K?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/what-is-the-joint-filing-income-maximum-to-allow-eligibility-to-participate-in-a-401k/01/1713134#M111497

</link>

What is the limit of AGI which excludes participation in a 401K?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/what-is-the-joint-filing-income-maximum-to-allow-eligibility-to-participate-in-a-401k/01/1713134#M111497

</guid>

<dc:creator>magubj</dc:creator>

<dc:date>2020-08-26T16:40:00Z</dc:date>

</item>

<item>

<title>

I need help with what to do about my taxes because I am a waitress and I want to try to make sure that I won't owe money at the end of the year. So what should I do?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-need-help-with-what-to-do-about-my-taxes-because-i-am-a-waitress-and-i-want-to-try-to-make-sure/01/1713090#M111496

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-need-help-with-what-to-do-about-my-taxes-because-i-am-a-waitress-and-i-want-to-try-to-make-sure/01/1713090#M111496

</guid>

<dc:creator>brook0929</dc:creator>

<dc:date>2020-08-26T15:28:54Z</dc:date>

</item>

<item>

<title>

I was reviewing my joint return filed July2020. My wife's 8606 form was attached. My form 8606 (with QCD's) was not attached. What do I do?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-was-reviewing-my-joint-return-filed-july2020-my-wife-s-8606-form-was-attached-my-form-8606-with/01/1712712#M111485

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-was-reviewing-my-joint-return-filed-july2020-my-wife-s-8606-form-was-attached-my-form-8606-with/01/1712712#M111485

</guid>

<dc:creator>rstax56</dc:creator>

<dc:date>2020-08-25T17:17:19Z</dc:date>

</item>

<item>

<link>

https://ttlc.intuit.com/community/retirement/discussion/what-is-form-1099r/01/1712618#M111480

</link>

<description>I could not find box7 in form1099int</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/what-is-form-1099r/01/1712618#M111480

</guid>

<dc:creator>sisirkumardas50</dc:creator>

<dc:date>2020-08-25T13:53:30Z</dc:date>

</item>

<item>

<title>Converting dollar amount into withholding status</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/converting-dollar-amount-into-withholding-status/01/1712596#M111479

</link>

My wife and I are both about to retire. During retirement our income will be derived from two pensions, 401(k) distributions, and ordinary dividends from taxable investments. I am trying to determine the appropriate federal tax withholding status for each income stream. I have calculated a dollar amount that should be withheld from each, and I have verified these amounts are correct (or close enough) by creating a mock tax return using TurboTax 2019. The problem is that the pension plans and the 401(k) will not allow me to provide them a specific dollar amount to withhold. They want me to provide a withholding status (M0, M1, etc.), and an additional dollar amount to be withheld if I desire. I don’t know how to accurately convert the dollar amount I have in mind for each income stream into a withholding status. Can anyone provide a method for doing this please? Thank you!

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/converting-dollar-amount-into-withholding-status/01/1712596#M111479

</guid>

<dc:creator>Rcf026</dc:creator>

<dc:date>2020-08-25T12:49:15Z</dc:date>

</item>

<item>

<title>Pay estimated taxes on stock sales?</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/pay-estimated-taxes-on-stock-sales/01/1712391#M111477

</link>

This year I have not earned income reported on a W2 where taxes are automatically withheld, but I've sold ~$130K in RSU stock from a previous employer. I've calculated the cost basis for those sales and the taxable profit is ~$95k. They are all long term sales so I calculated the taxes owed on that to be about $14k (95 * 0.15).  Is that calculation correct? There are other complications to my taxes and I know they can affect the overall total due, but if I wanted to just get ahead of that $14k due and avoid any penalties should I pay estimated taxes on that $14k? I'm ok over paying a little to avoid a huge bill next April.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/pay-estimated-taxes-on-stock-sales/01/1712391#M111477

</guid>

<dc:creator>sdprog2123</dc:creator>

<dc:date>2020-08-24T19:46:20Z</dc:date>

</item>

<item>

<title>

I already filed my 2019 federal tax return but I just received a 5498 form. Where do I look on my filed return to verify these numbers are exact?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-already-filed-my-2019-federal-tax-return-but-i-just-received-a-5498-form-where-do-i-look-on-my/01/1712365#M111475

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-already-filed-my-2019-federal-tax-return-but-i-just-received-a-5498-form-where-do-i-look-on-my/01/1712365#M111475

</guid>

<dc:creator>koria74</dc:creator>

<dc:date>2020-08-24T18:49:29Z</dc:date>

</item>

<item>

<title>Withdraw from traditional IRA</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/withdraw-from-traditional-ira/01/1712172#M111470

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/withdraw-from-traditional-ira/01/1712172#M111470

</guid>

<dc:creator>ms-amssantos</dc:creator>

<dc:date>2020-08-24T03:02:21Z</dc:date>

</item>

<item>

<title>

Need to complete w-4 2020 form. Single claiming 0. How do I complete the form so I won't have to pay taxes at the end of the year?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/need-to-complete-w-4-2020-form-single-claiming-0-how-do-i-complete-the-form-so-i-won-t-have-to-pay/01/1712023#M111462

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/need-to-complete-w-4-2020-form-single-claiming-0-how-do-i-complete-the-form-so-i-won-t-have-to-pay/01/1712023#M111462

</guid>

<dc:creator>dleetalktome</dc:creator>

<dc:date>2020-08-23T18:14:33Z</dc:date>

</item>

<item>

<title>401k withdrawal Cares Act</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/401k-withdrawal-cares-act/01/1712020#M111461

</link>

I am considering taking out about $50k in 401k due to the fact that I lost my job in May. Now I did get a job shortly thereafter, but I am the only one that works, as my wife is a stay-at-home Mom, and while the salary is nice, we depend on commissions as well. Since leaving one job affected by Covid and starting the new one, commissions have been fewer and far between. The salary isn’t enough to cover the bills and wanting to pay off a few credit cards to lower the monthly bills. The two 401k’s I am looking to take from are past companies I had worked for. Neither took the Cares Act money and Voya is telling me that if they didn’t take the money then I won’t be eligible to get the 10% penalty waived. Is there any way as an individual affected by the pandemic that I can have the 10% fee waived when it comes tax time in 2021?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/401k-withdrawal-cares-act/01/1712020#M111461

</guid>

<dc:creator>Ukcat85</dc:creator>

<dc:date>2020-08-23T18:04:31Z</dc:date>

</item>

<item>

<title>

Is there a way to file a tax return early (for example, in Sept) to get an early understanding of taxes owed?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/is-there-a-way-to-file-a-tax-return-early-for-example-in-sept-to-get-an-early-understanding-of-taxes/01/1712016#M111459

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/is-there-a-way-to-file-a-tax-return-early-for-example-in-sept-to-get-an-early-understanding-of-taxes/01/1712016#M111459

</guid>

<dc:creator>ShinyDiscoBall</dc:creator>

<dc:date>2020-08-23T17:19:46Z</dc:date>

</item>

<item>

<link>

https://ttlc.intuit.com/community/retirement/discussion/form-8606/01/1711333#M111454

</link>

I made after-tax contributions to my IRA for 7 years.  My old accountant did not file Form 8606 with my Federal taxes.  I understand the form can be filed retroactively. Can TurboTax prepare these forms for me for a fee?  If so, approximately how much would it cost?   Thank you,  Vincent J. Herman

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/form-8606/01/1711333#M111454

</guid>

<dc:creator>VinHer54</dc:creator>

<dc:date>2020-08-21T15:46:53Z</dc:date>

</item>

<item>

<title>How can I recover my 1099</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-can-i-recover-my-1099/01/1711216#M111451

</link>

How can I retrieve my 1099 form that I already file

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-can-i-recover-my-1099/01/1711216#M111451

</guid>

<dc:creator>macksonjohn</dc:creator>

<dc:date>2020-08-21T04:37:07Z</dc:date>

</item>

<item>

<title>

I was recently diagnosed with COVID. I have the option to withdraw funds from my 401K i just wany to be sure i take the correct percentage for taxes how can i get help with this?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-was-recently-diagnosed-with-covid-i-have-the-option-to-withdraw-funds-from-my-401k-i-just-wany-to/01/1711197#M111450

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-was-recently-diagnosed-with-covid-i-have-the-option-to-withdraw-funds-from-my-401k-i-just-wany-to/01/1711197#M111450

</guid>

<dc:creator>_miriiaamm</dc:creator>

<dc:date>2020-08-21T03:08:35Z</dc:date>

</item>

<item>

<title>

I received a statement from my bank notifying me that there was an error with my IRA account. What do I need to do since I’ve already filed my tax return for the year?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-received-a-statement-from-my-bank-notifying-me-that-there-was-an-error-with-my-ira-account-what-do/01/1711184#M111446

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-received-a-statement-from-my-bank-notifying-me-that-there-was-an-error-with-my-ira-account-what-do/01/1711184#M111446

</guid>

<dc:creator>sierrabsparks</dc:creator>

<dc:date>2020-08-21T01:50:09Z</dc:date>

</item>

<item>

<title>

How do I get my daughters Social Security number from my 2019 taxes?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-get-my-daughters-social-security-number-from-my-2019-taxes/01/1711017#M111431

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-get-my-daughters-social-security-number-from-my-2019-taxes/01/1711017#M111431

</guid>

<dc:creator>williamswillisba</dc:creator>

<dc:date>2020-08-20T19:21:08Z</dc:date>

</item>

<item>

<title>

In December of 2019, I converted money from my IRA to a Roth.I filed and payed the taxes due. Can I be penalized $195 because I had not payed estimated taxes?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/in-december-of-2019-i-converted-money-from-my-ira-to-a-roth-i-filed-and-payed-the-taxes-due-can-i-be/01/1710994#M111427

</link>

I payed the tax after filing with Turbo tax but just received a bill for $195 because I did not pay estimated taxes during the year is there some exclusion for Roth Conversions?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/in-december-of-2019-i-converted-money-from-my-ira-to-a-roth-i-filed-and-payed-the-taxes-due-can-i-be/01/1710994#M111427

</guid>

<dc:creator>zuffco</dc:creator>

<dc:date>2020-08-20T18:14:09Z</dc:date>

</item>

<item>

<title>

To avoid an underpayment penalty, do I take what additional tax I’m paying and divide that up as additional tax withholding from my paychecks through the year?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/to-avoid-an-underpayment-penalty-do-i-take-what-additional-tax-i-m-paying-and-divide-that-up-as/01/1710992#M111425

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/to-avoid-an-underpayment-penalty-do-i-take-what-additional-tax-i-m-paying-and-divide-that-up-as/01/1710992#M111425

</guid>

<dc:creator>jg_65</dc:creator>

<dc:date>2020-08-20T18:05:06Z</dc:date>

</item>

<item>

<title>

I am retired and currently receive a monthly social security check. How do I determine what percentage should be withheld by the IRS?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-am-retired-and-currently-receive-a-monthly-social-security-check-how-do-i-determine-what/01/1710985#M111423

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-am-retired-and-currently-receive-a-monthly-social-security-check-how-do-i-determine-what/01/1710985#M111423

</guid>

<dc:creator>char_allen</dc:creator>

<dc:date>2020-08-20T17:54:59Z</dc:date>

</item>

<item>

<title>Solo 401 k / self employed</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/solo-401-k-self-employed/01/1710912#M111411

</link>

If I am 55 and self employed and have a solo 401k and I make a $25,000 contribution this year as an employee, I don’t need to included that income ( 25k)when figuring my estimated taxes for federal state or self employment tax do I?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/solo-401-k-self-employed/01/1710912#M111411

</guid>

<dc:creator>Avapie78</dc:creator>

<dc:date>2020-08-20T14:49:53Z</dc:date>

</item>

<item>

<title>Received Too Much from Social Security</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/received-too-much-from-social-security/01/1710911#M111410

</link>

I worked a portion of 2019, and then retired.   I was informed by Social Security this year (2020), that they overpaid me last year in Social Security Benefits, and I must pay back approximately $9000.  1.  Because both my wife and I worked last year, I had to pay taxes on our combined income, which included all of my Social Security earnings (including the $9000 that I was overpaid).   2.  If I pay back the $9000 this year to Social Security, it would appear that my income for tax year 2019 was overstated by that amount.    I am thinking that I am due a refund of some portion of the taxes I paid in 2019.   Do I have to re-state my 2019 taxes, or can I somehow deduct that $9000 from my 2020 tax year earnings?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/received-too-much-from-social-security/01/1710911#M111410

</guid>

<dc:creator>PaulP1010</dc:creator>

<dc:date>2020-08-20T14:46:16Z</dc:date>

</item>

<item>

<title>

If I leave my job and spend my 401k, how do I file the 10% early withdrawl on my taxes? Also do I need to file the 20% withheld for me to pay the following year's taxes?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/if-i-leave-my-job-and-spend-my-401k-how-do-i-file-the-10-early-withdrawl-on-my-taxes-also-do-i-need/01/1710850#M111408

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/if-i-leave-my-job-and-spend-my-401k-how-do-i-file-the-10-early-withdrawl-on-my-taxes-also-do-i-need/01/1710850#M111408

</guid>

<dc:creator>chandras77</dc:creator>

<dc:date>2020-08-20T05:25:22Z</dc:date>

</item>

<item>

<title>Roth IRA withdrawals with annual tax implications</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/roth-ira-withdrawals-with-annual-tax-implications/01/1710830#M111406

</link>

Okay, this is my question.If you cash out some portion of your Roth IRA funds, you don't pay the taxes, right?Now, does the withdrawn money count as my income, so do I have to add it to my annual income and pay the tax or not?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/roth-ira-withdrawals-with-annual-tax-implications/01/1710830#M111406

</guid>

<dc:creator>cspyon</dc:creator>

<dc:date>2020-08-20T11:08:34Z</dc:date>

</item>

<item>

<title>

I just received my tax return, and it had an addition amount over what was expected to be received. This is the first time this has happened. Does anyone know why?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-just-received-my-tax-return-and-it-had-an-addition-amount-over-what-was-expected-to-be-received/01/1710743#M111394

</link>

I have already received my payment from the CARES act, so it doesn’t pertain to that amount.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-just-received-my-tax-return-and-it-had-an-addition-amount-over-what-was-expected-to-be-received/01/1710743#M111394

</guid>

<dc:creator>tynedevon1617</dc:creator>

<dc:date>2020-08-19T22:59:09Z</dc:date>

</item>

<item>

<title>

tax implications on the conversion of traditional IRA to Roth IRA

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/tax-implications-on-the-conversion-of-traditional-ira-to-roth-ira/01/1710699#M111386

</link>

Okay, this is my question.I've got an employer-sponsored retirement plan and Roth IRA.Now, I want to roll over the whole fund (about $1,7000) of one plan to Roth IRA.I've got two options: 20% Federal tax pay now, or pay later during the tax filing season next year.Which is better for me? If I pay the tax later, does this taxable fund count as income in my adjusted gross income? Even this taxable fund is added to my income, I belong to the 12% tax bracket zone. What do you think is the best solution for me?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/tax-implications-on-the-conversion-of-traditional-ira-to-roth-ira/01/1710699#M111386

</guid>

<dc:creator>cspyon</dc:creator>

<dc:date>2020-08-19T21:59:38Z</dc:date>

</item>

<item>

<title>

I have entered all the Roth IRA info. Why do you ask me to start again?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-have-entered-all-the-roth-ira-info-why-do-you-ask-me-to-start-again/01/1710561#M111383

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-have-entered-all-the-roth-ira-info-why-do-you-ask-me-to-start-again/01/1710561#M111383

</guid>

<dc:creator>abregina</dc:creator>

<dc:date>2020-08-19T17:53:27Z</dc:date>

</item>

<item>

<link>

https://ttlc.intuit.com/community/retirement/discussion/1099-r/01/1710482#M111381

</link>

In my 1099-R, Box 2a. says UNKNOWN.  If I leave it blank, Turbotax asks numerous questions I don't have the answers to.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/1099-r/01/1710482#M111381

</guid>

<dc:creator>terrymlevine</dc:creator>

<dc:date>2020-08-19T15:19:16Z</dc:date>

</item>

<item>

<title>

Selling my primary home in Wa state. Will file 121 for upto $250,000 tax free once in lifetime. Will I need to pay personal income tax on that total? I will be 66.

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/selling-my-primary-home-in-wa-state-will-file-121-for-upto-250-000-tax-free-once-in-lifetime-will-i/01/1710278#M111379

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/selling-my-primary-home-in-wa-state-will-file-121-for-upto-250-000-tax-free-once-in-lifetime-will-i/01/1710278#M111379

</guid>

<dc:creator>Molakai</dc:creator>

<dc:date>2020-08-19T00:45:54Z</dc:date>

</item>

<item>

<title>

I am unemployed because of the pandemic I have been collecting the benefits but since the $600 government aid ended I have been doing Uber can still collect the unemployment benefits?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-am-unemployed-because-of-the-pandemic-i-have-been-collecting-the-benefits-but-since-the-600/01/1710181#M111376

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-am-unemployed-because-of-the-pandemic-i-have-been-collecting-the-benefits-but-since-the-600/01/1710181#M111376

</guid>

<dc:creator>hvolmos</dc:creator>

<dc:date>2020-08-18T21:23:17Z</dc:date>

</item>

<item>

<title>Tax on IRA withdrawls</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/tax-on-ira-withdrawls/01/1710156#M111373

</link>

I just retired. How do I know how much to withhold out of my Schwab IRA for federal taxes. I live in Texas , so there is no state income tax . Thanks.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/tax-on-ira-withdrawls/01/1710156#M111373

</guid>

<dc:creator>dougleopard</dc:creator>

<dc:date>2020-08-18T20:33:54Z</dc:date>

</item>

<item>

<title>

Hi, if my ira contributions are all after tax dollars do i need to pay tax if i withdraw it in 2020

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/hi-if-my-ira-contributions-are-all-after-tax-dollars-do-i-need-to-pay-tax-if-i-withdraw-it-in-2020/01/1710050#M111368

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/hi-if-my-ira-contributions-are-all-after-tax-dollars-do-i-need-to-pay-tax-if-i-withdraw-it-in-2020/01/1710050#M111368

</guid>

<dc:creator>tomd64</dc:creator>

<dc:date>2020-08-18T15:16:43Z</dc:date>

</item>

<item>

<title>RMD Complication Converting 401K to Roth?</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/rmd-complication-converting-401k-to-roth/01/1709810#M111366

</link>

Want to convert 401K to Roth but RMD due, but then again RMD is "waived!" If proceed with conversion will part be considered RMD and therefore not convertible?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/rmd-complication-converting-401k-to-roth/01/1709810#M111366

</guid>

<dc:creator>LowNotes</dc:creator>

<dc:date>2020-08-17T22:18:30Z</dc:date>

</item>

<item>

<title>

I received a check for a "restorative payment" from a class action for improper actions taken with respect to my 401k. How do I deposit the check and document this?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-received-a-check-for-a-restorative-payment-from-a-class-action-for-improper-actions-taken-with/01/1709634#M111361

</link>

I want the funds to go into a retirement account (401k or IRA) and not be taxable t o me at this time.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-received-a-check-for-a-restorative-payment-from-a-class-action-for-improper-actions-taken-with/01/1709634#M111361

</guid>

<dc:creator>skostbyerly</dc:creator>

<dc:date>2020-08-17T17:27:02Z</dc:date>

</item>

<item>

<title>

I just want to regester for the 1st. St8mulus check

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-just-want-to-regester-for-the-1st-st8mulus-check/01/1709434#M111358

</link>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/i-just-want-to-regester-for-the-1st-st8mulus-check/01/1709434#M111358

</guid>

<dc:creator>michaelborglewis</dc:creator>

<dc:date>2020-08-17T03:54:16Z</dc:date>

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