I have a couple of 1099-Rs that clearly indicate a taxable amount, but this amount isn't included in the Income summary (so the tax calculated is also wrong). Please see details below. What am I missing? One is for an in-service rollover within my employer 401(k) from Traditional to Roth which is a taxable event. I got a…
Can someone please advise me where I can find the dollar amount (if needed) to this one question the tax software is asking me. I live in Massachusetts and my taxes with my IRA deductions. were withheld from my IRA account in 2025. "The potential Massachusetts taxable amount of IRA distributions from your federal return is…
Hello I need help on how to report this please. I previously had around $1120 in funds sitting in a Roth IRA account. My first contribution was in 2020. Before I did a withdrawal on this account, I did something separate. In June 2025, I converted roughly $1579 from a former 403b plan (that was after tax) and transferred…
I am 66 years young and hoping you can help with a clarification. I have money in a traditional IRA. It includes only rollovers of pre-tax monies from former employer 401k plans. The IRA has NO after tax money. The rollovers were done in prior years and deposited into the IRA. I have not made any additional contributions…
I received a total distribution from m 401K, I converted partial to a Roth IRA. When I enter it it keeps giving me the following message: Double check this Form 1099-R to make sure the amount you converted to a Roth IRA was not included in Box 2a, Taxable Amount. It usually isn't. However, if the part of your distribution…
Hello All, First time filling out Form 8606, and I somehow ended up with a value on line 22 of Part 3. I have been contributing directly to a Roth IRA for years, but for Tax Year 2025, I had to contribute via the "backdoor". Since this is my first time doing this, my understanding is that I should not have a numerical…
Situation: Total balance direct rollover transfer from a 457B to a Roth IRA - different institutions The 457B custodian issued a 1099R with box 2 (taxable amt) $0 and box 7 code "G". I assume they didn't know what type of acct the balance was being xfer to at new custodian. I entered the 1099R as it appears, answered "no"…
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…
Hi, I submitted my return a couple of days ago and it's been received by the IRS. I just got another 1099R in the mail today 2/2/26, and I'd like to recalculate my taxes. FreeTaxUSA says that I can't submit an ammended return until February (don't know when in Feb). I'd rather wait until my return is processed anyway…
In 2025, after switching jobs I rolled over my 403b at my previous job to a new Traditional IRA at Charles Schwab. Will I need to wait for tax forms (1099-R or other) and will they be coming from the bank that held my 403b or from Charles Schwab. I did not take any distributions.
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