All Retirement tax questions posts

Re: I have a 1099-R for life ins from my late husband, small amont monthy. Every year I enter it ...

MindyB — Mon, 13 Apr 2026 21:24:06 GMT

To report the 1099-R, navigate to Federal > Income > Wages & Income Summary > IRA, 401(k), Pension Plan Withdrawals (1099-R) Add/Edit.

I have a 1099-R for life ins from my late husband, small amont monthy. Every year I enter it but nowhere to do that this time. Can someone help?

bjacobs11 — Mon, 13 Apr 2026 21:21:56 GMT

where to put 1099-R for retirement amount

How can I add state tax subtractions from income for contributions to state deductible situations that are not populated on Turbo Tax? I need to file form CO DR 0104AD.

tsmoneytrail — Mon, 13 Apr 2026 21:17:56 GMT

Re: We are both seniors and using Turbo Tax Home and Business why isn’t our $12,000 credit showing up. We do qualify. Also cannot see where to add my IRA contribution.

VolvoGirl — Mon, 13 Apr 2026 21:16:43 GMT

Do you have W2 income to make a IRA Contribution?

Enter IRA contributions under

Federal On left

Deductions and Credits

Then scroll down to Retirement and Investments

Traditional and ROTH IRA Contributions - Click the Start or Update button

Re: We are both seniors and using Turbo Tax Home and Business why isn’t our $12,000 credit showing up. We do qualify. Also cannot see where to add my IRA contribution.

VolvoGirl — Mon, 13 Apr 2026 21:14:56 GMT

It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify.

For Single the deduction starts to phase out at 75,000 and maxes out at 175,000
For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000
If you are married you have to file a Joint return
And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info.

 For Online version You can preview the 1040 or print the whole return
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

What do you have on 1040 or 1040SR line 13b?

See the 1040 ….

We are both seniors and using Turbo Tax Home and Business why isn’t our $12,000 credit showing up. We do qualify. Also cannot see where to add my IRA contribution.

cafind — Mon, 13 Apr 2026 21:14:09 GMT

Where do I get the additional information that TurboTax tells me I need from the 1099-NEC . There isn't anymore info.

vinylgypsy2017 — Mon, 13 Apr 2026 21:13:12 GMT

It shows me the schedule C and F but I don't have those.

Re: does a taxable income of $3634 result in tax of $0?

JohnB5677 — Mon, 13 Apr 2026 21:12:07 GMT

There will be no tax on the $3,634 because the taxable income is reduced by the Standard deduction to zero. The tax table does show a tax of $363, but the table show income after deductions.

Standard Deduction 2025

This deduction can vary with age and physical condition

For single taxpayers and married individuals filing separately, the standard deduction is $15,700 in 2025
For married couples filing jointly or a Qualified Surviving Spouse, the standard deduction is $31,500, and 
For head of household, the standard deduction is $23,625

For more information, see Standard Tax Deduction

Re: Is it considered a contribution to an IRA when the money was transferred to my IRA from my ex...

DianeW777 — Mon, 13 Apr 2026 21:11:50 GMT

No, it is not a new contribution for you. This would simply be a rollover from your ex-husbands IRS to your IRA. The Form 1099-R, if you have one, should be coded as a rollover or you can make that selection when asked.

A rollover must be completed either in a Trustee-to-Trustee transfer, in which case a 1099-R may not be issued; OR it came through your hands and was required to be put into your IRA within 60 days. The latter would trigger a Form 1099-R.

Where do I report an IRA rollover?

Re: How can I edit total value of Traditional IRAs as of 12/31/25?

MaryK4 — Mon, 13 Apr 2026 21:06:23 GMT

It is in the Income 1099-R section-

Go to Federal Taxes > Wages & Income.
Select Start/Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
Proceed through the entire 1099-R interview for that account.
After the main 1099-R entry, the software will ask follow-up questions. Look for a screen titled "Any Nondeductible Contributions to your IRA?" and answer Yes.
Continue until you see the screen "Tell us the value of your Traditional IRA".

Re: Using TurboTax Online - we missed taking 2025 RMD on inherited IRA - and help indicates ... 4...

LindaS5247 — Mon, 13 Apr 2026 21:04:31 GMT

To correct a missed 2025 RMD for an inherited IRA in TurboTax, answer "No" to taking the full RMD, then enter the amount actually taken (if any). The software will trigger Form 5329 to calculate the 25% penalty, which you can request to waive by filing with a "reasonable cause" letter explaining the error.

When asked about the penalty, indicate that you want to request a waiver. TurboTax will prompt you for a "Reasonable Cause" explanation. TurboTax will ask questions to complete Form 5329 to calculate the 25% excise tax.

Take your 2025 RMD immediately to show that it was corrected.

To get to the screens in TurboTax that address this (answering No to taking the full RMD for your inherited IRA you can:

Click on Search aat the top right of your TurboTax Screen
Type 1099-R in the search box
Click on the link Jump to 1099-R
Click the pencil icon (or Edit) to the right of the Form 1099-R for the inherited IRA.
On the screen that asks Do any of these situations apply to you? Select I inherited this IRA and Conntinue
Continue through your TurboTax screens and answer all follow-up questions.
Make sure to say No on the screen that asks if you too the full RMD for all of your retirement accounts.

If you have additional information or questions regarding this, please return to Community and we would be glad to help.

does a taxable income of $3634 result in tax of $0?

tim — Mon, 13 Apr 2026 21:04:16 GMT

Tas Table shows $363 tax, TurboTax says that for 2025, taxable income up to about $24000 has no tax liability

How can I edit total value of Traditional IRAs as of 12/31/25?

C-Starr — Mon, 13 Apr 2026 21:02:52 GMT

I need to change incorrect value before submitting my return to IRS. The field didn't pop up for me when I went back through Income > IRA Withdrawal or in Deductions/Credits > IRA Contributions sections.

Re: how to trigger form 5329 for an inherited IRA without a 1099-R

bretthudechek — Mon, 13 Apr 2026 21:02:46 GMT

Using TurboTax online. I have already entered one 1099-R. It explicitly says do not add an amount or missed RMD from another 1099-R. I need to submit form 5329, and there seems to be no way to trigger it.

Is it considered a contribution to an IRA when the money was transferred to my IRA from my ex-husbands IRA

keenebelak — Mon, 13 Apr 2026 21:01:26 GMT

Re: how to trigger form 5329 for an inherited IRA without a 1099-R

DaveF1006 — Mon, 13 Apr 2026 20:58:00 GMT

To clarify, are you using TurboTax online or Desktop?

Re: Every year I get money back. Im on Medicare and a small pension. Is this year different?

DianeW777 — Mon, 13 Apr 2026 20:57:24 GMT

The changes that occurred due to the One Big Beautiful Bill Act (OBBBA) should have affected your return in a positive way.

How will the OBBBA affect my taxes?

The best advice is to compare your 2024 tax return with your 2025 tax return line by line to see the major differences. It may be that your withholding was not enough to cover your tax bill. This does happen sometimes at retirement when the correct forms are not completed.

Why did my refund go down compared to last year?

Please update here with additional details and we will help.

Re: I have my a 1099 from Employee Retirement but I can't find where to input it into the Turbo tax online form

xmasbaby0 — Mon, 13 Apr 2026 20:57:08 GMT

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

I have my a 1099 from Employee Retirement but I can't find where to input it into the Turbo tax online form

winonaschroeder — Mon, 13 Apr 2026 20:55:00 GMT

Re: 529 to Roth IRA

AmyC — Mon, 13 Apr 2026 20:50:58 GMT

Follow these steps:

Open to federal deductions and credits
Locate Education
Select 1099-Q
Enter the form
Continue through the questions
Mark the $14,000 is treated as a rollover to another qualified plan

You will also need to:

Open to deductions and credits
select ROTH IRA
Enter contributions for 2024 and 2025.
Again, mark this as a rollover/conversion.