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I am a retired Veteran drawing a pension. I received 1099R
I am a retired Veteran drawing a pension. I received 1099R from Dept of Def. Is my retired pension from military taxable in Minnesota? I thought a new law went into affect last year making military pe… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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Why is my income showing increased when I add 1099-R with 0
Why is my income showing increased when I add 1099-R with 0 mentioned in column 2 and code G in column 7… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I have a client that is permanently disabled. He is 52 years
I have a client that is permanently disabled. He is 52 years old. He took out money from his IRA accounts where box 7 is marked with a 1 indicating penalty. Do I still show box 7 with a 1 and fill out… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I took $9000.00 from my Roth IRA in February 2016 and
I took $9000.00 from my Roth IRA in February 2016 and received a 1099 R from Vanguard which stated it qualified as a tax-free withdrawal. because I have voer $200,000.00 in the account and first opene… read more
Barbara
Barbara
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For our 2015 Federal Income Tax return, the IRS has reduced
For our 2015 Federal Income Tax return, the IRS has reduced our TurboTax calculated refund by $500, the exact amount that Fidelity, following our instructions, withheld from my wife's annual withdrawa… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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I am a retired teacher in mo. The turbo tax software will not
I am a retired teacher in mo. The turbo tax software will not let me inter the income info from my form 1099-r. In theyour percentage of total distribution box. It should be 000 but it will not let me… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I am a retired government employee. I did not work at all in
I am a retired government employee. I did not work at all in 2015 and did not receive a w2. I did have taxes deducted from my pension and SSI, how do I fie my taxes without a w2. I only received 1099'… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I am doing my daughters taxes...She is 25.....she had 15K in
I am doing my daughters taxes...She is 25.....she had 15K in a Roth IRA (after tax money) she withdrew 5K to help herself with money to move......every tax software I use is showing the Roth as additi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
I inherited an IRA upon my father's death last April. I was
I inherited an IRA upon my father's death last April. I was told I needed to take a RMD before the end of the year. The broker withheld 15%. Turbo tax wants to withhold another 10%. My brothers are al… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I have a 1099-R for a recipient that has died. My understanding
I have a 1099-R for a recipient that has died. My understanding is that this is not taxable as the code in box 7 is 4. How is this reported on the Estate Return? Thank you very much for your assistanc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I receive a very small pension, which was reported to me on
I receive a very small pension, which was reported to me on a 1099-R. The person in the retirement office told me to enter the data from the 1099-r as a w-2. Should I follow this advice, or enter it a… read more
winktax
winktax
Enrolled Agent
Master's Degree
346 satisfied customers
What Federal tax form will i need when filing for taxes in
What Federal tax form will i need when filing for taxes in 2013? I am disable and on disability. i had to just recently close my IRA account. Normally i would have to pay 10% for removing the money ea… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
From a traditional IRA contribution of $4000, TURBO TAX determined
From a traditional IRA contribution of $4000, TURBO TAX determined I had an excess ($1607 + $16.29 interest) so I removed the excess from the IRA (put in savings). How do I report that now ? And also … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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My question is regarding a lump sum distribution received from
My question is regarding a lump sum distribution received from my husband's Thrift Savings Plan. He was separated from civil service under the Civil Service Retirement System at the time of the distri… read more
Jacy
Jacy
Bachelor's Degree
434 satisfied customers
Intuit The IRS is questioning my 2008 Return, as follows Retirement
Intuit: The IRS is questioning my 2008 Return, as follows: Retirement Taxable Income: 1040 line: 15a agrees exactly with IRS numbers. line: 15b (taxable amount) is software reduced by $7480 ... the qu… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,500 satisfied customers
The problem....My husband has an IRA from which no distribution
The problem....My husband has an IRA from which no distribution was taken in 2008, also two pensions which he has been drawing for years..Now when I'm runnig the turbotax program is treating one of th… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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Where on my federal tax return do I report a withdrawal and
Where on my federal tax return do I report a withdrawal and tax paid on that withdrawl from my 401K. I am 63 years old… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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A pension payment was sent in December 2007, but we did not
A pension payment was sent in December 2007, but we did not find out until January that the participant had died. No other beneficiary is entitled to the pension. We would asked from his estate for pa… read more
Wil Stunkel
Wil Stunkel
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