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Get your taxes done using TurboTax
Hi Bandrews59, thank you for joining the "Ask the Experts: Moving" special forum today.
Congrats on the completion of FRS DROP program.
We do not have your salary or past income tax information for this special forum nor can we do financial projection for you.
I recommend that you establish a "test user ID" (to be different from the real user ID for previous tax filings), and use TurboTax Online 2020 program to simulate 2021tax result. Cash distribution from the DROP program should be entered via Form 1099-R data entry point.
TurboTax also has an Income Tax Calculator that you can use for estimate purpose.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
Hope this helps. Have a great day!
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‎July 28, 2021
3:22 PM