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"…
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.
In 2024, my wife took a once-in-a-lifetime IRA to HSA rollover. The money was transferred directly from a traditional IRA at one custodial company to an HSA at another custodial company. The 1099R for this rollover shows: The Distribution Amount, Taxable Amount not Determined is checked, Distribution Code 7 (normal…
Hi, SSA enrolled me in 2024 and then sent a payment of about $1500 in 2024 as well. I paid the money back in 2025 because I wanted to delay enrollment. They sent me a SSA 1099 which I included in my 2024 income. I tried to enter the amount as a repayment in my 2025 taxes but it didn't affect my refund. Would it better to…
Hi, I filed a backdoor roth last year and the process doesn't seem to be working for me this year. In both my wife and my 8606 forms, the nontaxable portion doesn't appear to work in line 13. I filled out the forms following the instructions posted to the site. I input that I contributed $7,000 in 2025 and had $0 in the…
I'm doing a test run of my 2025 taxes and noticed that the 1099-R entry never asks if I made a QCD. I'm over 70 1/2, box 2b is checked, box 7 code is 7 and IRA/SEP/SIMPLE box is checked. I won't get a 1099-R from my custodian with box 7 code Y since I write my own IRA checks and send them to the charity. Am I missing…
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