All Retirement tax questions posts

Re: 529 to Roth IRA

wpesnec — Mon, 13 Apr 2026 22:46:09 GMT

Thank you very much Amy, for taking the time to answer my question, so close to the tax deadline. I really appreciate it as there is quite a bit of money at stake. So .... I only received ONE 1099-Q from Edward Jones, for a total of $36,000, categorizing both withdrawals as TAXABLE DISTRIBUTIONS ($14,000 towards the tax-free 529 to Roth IRA transfer, and $22,000 actually cashed for other taxable purposes). Am I allowed to split this 1099-Q in TurboTax so it does NOT automatically flag the IRS?

Thank you very much indeed!

Willy Pesnec

On my W-2 form table 12a E, indicate I exceed the salary deferal retirement plan contribution. However, my benefit office indicate that voluntary contribution is 30K

chenuci — Mon, 13 Apr 2026 22:41:39 GMT

How should I deal with it?

Re: I have a 1099 NEC with no state number listed. Will that be a problem?

DianeW777 — Mon, 13 Apr 2026 22:41:31 GMT

No, the state number is not required as an entry in your 1099-NEC. If you have other state information boxes, and you need to enter a State ID simply use the federal EIN without any dashes and no letters.

A form 1099-NEC is assumed as self employment income. Follow the steps below to enter your form/income.

In TurboTax Online/Mobile:
1. Sign into your tax return > Select Search (upper right) > type 1099nec > click the 'See more' in the FAQ below
2. Click 1099-NEC > Edit beside your form > Look at the selection you chose (TIN or SSN)
In TurboTax Desktop:
1. Sign into your tax return > Select Search (upper right) > type 1099nec > click the Jump to.. link

Re: HOW TO CORRECT BOX 15 ON FORM 1099-R?

DavidD66 — Mon, 13 Apr 2026 22:39:21 GMT

Can you clarify your question? What specifically is wrong with box 15? Is it the form you received or what is in TurboTax?

Re: If TurboTax is calculating Excess accumulations in an IRA by confusing two accounts at the sa...

fanfare — Mon, 13 Apr 2026 22:34:54 GMT

There cannot be an excess accumulation in an inherited Roth IRA unless

the Roth IRA is subject to the 10-Year Rule
the 10 years have passed.
the custodian was negligent.

2) is not possible because the 10-Year rule is less that 10 years old.

@linnstaedt

Re: TT 2025 wanting Roth contribution history

MaryK4 — Mon, 13 Apr 2026 22:29:06 GMT

If you are over 59 ½ and have met the 5-year rule, your distributions are "qualified," meaning they are tax-free and penalty-free. However, TurboTax asks for your contribution history (your "basis") for two specific reasons:

Often, financial institutions issue a Form 1099-R with Code J (Early distribution from a Roth) or Code T (Roth distribution, exception applies) because they don't know for certain if you've met the 5-year holding period. When TurboTax sees these codes, it triggers Form 8606 to prove to the IRS that the money isn't taxable. To fill out that form correctly, TurboTax asks for your history.

The IRS requires you to keep track of your "basis" (the money you put in) until your account is fully depleted. Even if you're in the "clear" today, TurboTax maintains this history so that if you ever take out more than the account's total value or if the rules change, the record exists.

where do you enter a 1099-LTC form

susan-dustin — Mon, 13 Apr 2026 22:28:07 GMT

It's for Long Term Care Insurance benefits and I believe they are not taxable

I have a 1099 NEC with no state number listed. Will that be a problem?

alexbeckman02 — Mon, 13 Apr 2026 22:27:35 GMT

Re: Can I ignore a 1099R with box 1 0.20 and box 2a 0.20. As program rejects this. Says I have to...

DianeW777 — Mon, 13 Apr 2026 22:21:06 GMT

Yes. If you are saying the amount is 20 cents then you can ignore it and put it in your tax file. It's not going to change anything on your return and will cause program errors. Delete this Form 1099-R and continue with your tax return.

Use the link below for your version of TurboTax to delete a form.

If you're using TurboTax Online software and need to delete a form, click here .
If you're using TurboTax Desktop software and need to delete a form, click here.

I have 12 1099 forms, turbo tax lists over 50

Jjh1960 — Mon, 13 Apr 2026 22:20:50 GMT

too many 1099 listed in turbo tax

TT 2025 wanting Roth contribution history

noralb — Mon, 13 Apr 2026 22:20:42 GMT

In reference to TT 2025 asking for Roth contribution history: What am I missing? It's my understanding that one a Roth owner is older than 59 1/2 and their Roth account has been in existence for at least five years, there are no tax penalties no matter what one does with the account. If this is true, it seems a huge waste of time and resources to ask some to spend time (perhaps days) trying to recover history that isn't really necessary. It seems to me that it would be a lot easier and more efficient to just verify the age of Roth account and the age of the owner.

Re: I'm sole proprietor 1099. I opened and contributed to solo 401k from that 1099 income in Dec ...

ThomasM125 — Mon, 13 Apr 2026 22:19:48 GMT

You enter the distribution on a Form 1099-R entry. It is possible your state does not tax pension distributions based on your age and/or income, or for some other reason. Otherwise, you may need to delete the state return and re-enter it. There is no way to enter the pension plan distribution on the state return.

@etrtca

Can I ignore a 1099R with box 1 0.20 and box 2a 0.20. As program rejects this. Says I have to correct box 1.

dagaholmes — Mon, 13 Apr 2026 22:17:57 GMT

Re: Why I cannot uncheck the box in rmd difference is $0?

martinag — Mon, 13 Apr 2026 22:17:47 GMT

Thank you very much for your step-by-step guide. I successfuly got the issue resolved by following the steps as describled and completed my return. I’m beyond grateful!

Re: where do i enter form 1099-nec

DianeW777 — Mon, 13 Apr 2026 22:17:11 GMT

Generally this form is entered using the information below. This form in and of itself assumes self employment.

In TurboTax Online/Mobile:

Sign into your tax return > Select Search (upper right) > type 1099nec > click the 'See more' in the FAQ below
Click 1099-NEC > Edit beside your form > Look at the selection you chose (TIN or SSN)

In TurboTax Desktop:
1. Sign into your tax return > Select Search (upper right) > type 1099nec > click the Jump to.. link

Please update here if you have more questions and we will help.

HOW TO CORRECT BOX 15 ON FORM 1099-R?

lindav711 — Mon, 13 Apr 2026 22:15:50 GMT

box 15 on form 1099-r is wrong

where do i enter form 1099-nec

kimnichols887 — Mon, 13 Apr 2026 22:13:08 GMT

Re: Excess RMD for 2025

RobertB4444 — Mon, 13 Apr 2026 22:10:18 GMT

Yes. If you have multiple IRAs you have to calculate the RMDs separately but you may aggregate the RMD to take them all from one IRA if you like.

Re: I need help with form 5329.

ReneV4 — Mon, 13 Apr 2026 22:08:18 GMT

In TurboTax Desktop, you are able to generate the required form automatically and then request your waiver directly on the form, by following these steps:

Go to Open Form at the top left corner of your TurboTax screen and type 5329
Select Form 5329-T
On Form 5329-T, scroll down to Line 52a and input the $_ that was your RMD
On Line 53a, input zero (0) for the amount of the RMD you took
Input the $_ in Box A found just below Line 53b
Click Explain just below the $_
Write: "I mistakenly did not take the RMD for IRA. Upon discovering the error in 2026, I immediately withdrew the full 2025 RMD amount of $_. I have now set up an automatic withdrawal to ensure this does not happen again."

In TurboTax Online, you can generate Form 5329 by following these steps:

Go to Wages & Income and select Retirement Plans and Social Security, 1099-R...
Select, IRA, 401(k), Pension Plan Withdrawals (1099-R), then Start
Here, you will select Add a 1099-R, but will enter $0.00 in Box 1 and Box 2a since this is only to trigger the RMD interview, Continue
Use Distribution Code 7
Leave the IRA/SEP/SIMPLE box unchecked
Click Continue through the interview, answering through next screens
Select Qualified plan, then Continue
Select "None of the above" in the Do any of these situations apply to you? screen, then Continue
Select, "No, it's another type of qualified retirement plan", then Continue
When you reach, "Let's get more information about your Required Minimum Distribution (RMD)", enter the amount of your RMD that was due by December 31, 2025 Continue
On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?",
Select "None of the distribution applied...", Continue
Next, you will be asked, "Did you take out the remaining $ during the correction window?", Select, "No, I did not", Continue
Select No on the Annuity information screen, then Continue
When you reach, "Review your 1099-R summary", Continue (not the pencil)
When you reach, "Let's go over any required minimum distributions (RMD)”, Select the pencil
Next, you will see, "Did you miss taking the...RMD...?", Select "Yes", Continue
Enter the amount of the RMD when you reach, "Tell us the Total RMD...", Continue
Select "Yes", when asked, "Did you take a corrective distribution...?", Continue
"Do you want to request a waiver", select, "Yes", Continue

I received the payout for an excess 401k deferral but will not receive the 1099-R until 2026. How do I complete? I don't have the Payer address and TIN

atkinsonra — Mon, 13 Apr 2026 22:04:59 GMT