Retirement Tax Tips and Answers | TurboTax® Support

Retirement tax questions

Retirement Plans: Taxing Distributions!

Is it time to retire? You’ve worked your whole life - setting aside some of your hard-earned dollars to ensure a comfortable retirement. Now it’s time to reap the benefits of your savings! Know your options and gather the knowledge to reduce taxes, e... read more

Retirement Plans: Tax Savings Galore!

The best place to begin your retirement tax savings is with expert knowledge! You’ll find that in the The Golden Years Guide to Tax-Free Retirement, which is filled with great tips from financial experts in-the-know. Most people are familiar with a 4... read more

have completed all boxes from 1099-R but unable to complete.

have submitted all information from CSA-1099-R, is the problem that i have to add NONDISABILITY in line7

Do I not qualify for EITC if I was unemployed? Maybe I don't understand thought I could get the credit refunded even if I don't have income to report.

1099 R Needs Review

I keep getting NEEDS REVIEW for my 1099R. I have 2 1099R's. One comes OK; but the other one is NEEDS REVIEW. I did all the suggestions, redo the forms etc etc. But one of them keeps coming NEEDS REVIEW. Has to be a software glitch!!!

My wife received a 1099-NEC for her expenses on my business trip. Not one of the 6 types of income listed on the free online Turbotax for 1099-NECs. Where do I put it?

if i file a 1099R can i use the free turbo tax it is saying I need to get deluxe version?

Known error with RMD Excess Accumulation Worksheet. It indicates that the account type should not be selected, but will not accept No Entry and there is no radio button?

The CompleteCheck will not proceed to allow filing of the taxes due to this error.....

Roll excess 529 contribution to another account

I just realized I contributed $100 more than the $18000 annual 529 contribution limit in 2024 to my son's account. I thought I could roll the extra to my own 529 account opened at the same brokerage firm. When I was on the phone with this brokerage f... read more

401k Rollover to my Roth IRA - Mistakenly rolled over employer contributions into the ROTH and received a 1099-R with G code with a 15,000 taxable amount - what can i do?

Roth 401k Rollover to my Roth IRA - Mistakenly rolled over the employer contributions into the ROTH and received a 1099-R with G code with a 15,000 taxable amount - what can i do? When filling out the rollover sheet i selected entire account balance ... read more

Excess Roth IRA contribution and earnings removed for TY 2024

Hello, I was working on our tax year 2024 tax return and had it finished and nearly ready to file when I realized I had an excess Roth IRA contribution. I had forgotten I had contributed $75 in January of 2024 to my Traditional IRA, and with the $8,0... read more

I overcontributed to my Roth 401K in 2024. My plan administrator has already removed the excess contributions. How should this be reported on my 2024 tax return?

Turbotax is telling me to populate as much as I can for a Form 1099-R for this year, classify the full overcontribution as TAXABLE, and indicate this is a 2025 Form 1099-R, which does not seem correct.

Money contributed to Traditional IRA in 2024 (above Roth limits) and moved to Roth (conversion) prior to 4/15/25. How do I account for that on 2024 taxes?

Given the contribution happened in 2024 and the conversion happened in 2025 (for 2024 tax year), no 1099-R was generated. Unsure of how to report on 2024 taxes without 1099-R for 2024.

RMD not distributed

An inherited IRA was established in February 2024. The beneficiary was not advised that a Required Minimum Distribution was needed before the end of the 2024 tax year. The bank did advise (in early February 2025) the beneficiary to take an RMD for 20... read more