I have been going through all the literature and I need clarification on whether or not I'm reporting the taxes I paid on my Roth IRA conversion to the IRS. Here's my situation: I converted some pre-taxed dollars from my employer-sponsored 401K plan to my Roth IRA. The IRS classifies a conversion from a 401K to a Roth IRA…
How Do I know the taxable amount to enter on line 5b form 1040?
My spouse passed away in 2024 after an illness, we normally would file joint but he had a payout on his Retirement plan that would push my income over the limit for Marketplace insurance and income for SS. If I file single or head of household I would still be over about 10K on the Market place income before deductions as…
I contributed $7000 Roth IRA in Aug 2024, and then April 1, 2025 I removed entire account including all the funds out since I realized I didn't have earned income. Feb, 2026, I received 1099 R, and the amount is $6800 due to investment loss. Box 1 $6800 Box 2a: $0 Box 7: PJ Now I ran into issue with using Free Tax USA to…
Hi, I have a unique scenario where I do not have a 1099-R from a United Nations pension. However I know the amounts to fill out on 5a and 5b of 1040-SR, however I cannot update these fields from what I can see in FreeTaxUSA. Any advice? Thanks
Today is 5 March 2026. I want to go on record at this time to report that the FreeTaxUSA software did not include two IRS Form 1099-R statements in my 2025 federal income tax return. Both of the missing IRS Form 1099-R statements were input online by me and appeared in the supplemental Income Summary Statements provided by…
I receive Old Age Security (OAS) and Quebec Pension Plan (QPP) from Canada. These are GOVERNMENT pensions and I believe they are considered as Social Security according to the treaty between Canada and the USA. I pay tax only in the USA as I am a resident alien of the USA and a non-resident of Canada. I read that OAS and…
My mom retired years ago from being a nurse at a nursing home owned by the local church diocese. She gets a pension from "Roman Catholic Pension Lay Pension Plan" SEI Private Trust Company. I've been under the assumption, this is not a 403(b) plan as she worked at a nursing home, not a church directly and the plan clearly…
How to report foreign social security when there is no tax forms from Croatia, they just don't issue any. Checking around got several different options: to make substitute 1099-R OR add it to Sch 1 , under 8-z and describe what it is OR under Other reportable income. I assume there are many people in same situation and…
Can someone please help me answer this tax question below and how to apply it, if necessary? My taxes were withheld from my IRA account in 2025. Thanks! "The potential Massachusetts taxable amount of IRA distributions from your federal return is $2,210. From this amount, subtract any IRA contributions that haven't already…
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