topic Re: box 14 in Retirement tax questions

box 14

kdnance — Wed, 02 Apr 2025 13:54:16 GMT

When entering teacher retirement, I click other BUT..... there is not place to put teacher retirement. I am charged unless I put teacher retirement which should not be taxed. Help... How do I fix this so I am not charged taxes?

Re: box 14

JamesG1 — Wed, 02 Apr 2025 14:03:51 GMT

What is the nature of the teacher retirement that you are reporting?

Did you receive an IRS form 1099-R that reported a pension distribution? Or something else?

Do you expect your teacher retirement to not be taxed by the IRS? Or not taxed by a state? Or both? Which state? Please clarify.

In TurboTax Online, report an IRS form 1099-R as follows:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Click the down arrow to the right of Retirement Plans Social Security.
Click to the right of IRA 401K Pension Plan Withdrawals.
Select Add another 1099-R.
At the screen Let's import your tax info, select Change how I enter the form.
At the screen How would you like to upload your 1099-R, select Type it in myself.
At the screen Who gave you a 1099-R, select the correct distribution. Select Continue.
Continue through the entry screens.

Re: box 14

kdnance — Wed, 02 Apr 2025 23:25:16 GMT

I am just contributing to my teacher retirement fund for Arkansas. I will pay taxes on it when I withdraw it. When putting it on Turbo tax, I should Not be taxed on this amount. How do I keep from paying taxes now on my contributions?

Re: box 14

DaveF1006 — Thu, 03 Apr 2025 00:08:22 GMT

To clarify, are you entering this on your own? This is typically reported on a W2 either in Box 12 or 14 and is not taxable. Please tell us how you are reporting this?

@kdnance

Re: box 14

kdnance — Thu, 03 Apr 2025 00:47:04 GMT

I am entering it in box 14 as other Non classified. If I enter the amount on box 14, do I pay taxes on the amount entered?

Re: box 14

DaveF1006 — Thu, 03 Apr 2025 00:54:11 GMT

No. You won't be taxed on any amount listed in box 14.