Sorry but I am finally finishing my taxes and noticed something. I had a wrong entry earlier when I was writing about this. On "Select your State" for this one-time benefit, it asked if I received the form while living in one of the following states. Since she lived in NY, I mistakenly checked "NY" - but I haven't lived there for many years, I live in CA. So since I changed that entry, the questions TT is asking me are different.
Continuing screens - yes Mom was born before 1949, Yes, all of the withdrawal was an RMD, then do I want to use the special averaging method. If I choose YES then YES on the next screen, then YES I received this income as the beneficiary of someone who died, YES she was born before 1936, now here is my question.
Did I use Form 4972 after 1986. I have to say no to that one, I'm not familiar with that form. How would I "use" that form anyway?
Then when I say no to that and move to the next screen it asks me for the Death Benefit Exclusion and Federal Estate Tax Paid. I do not know these answers, nor how to get them. I left them blank, then moved on. When I got to the next screen I tried "Try a Different Option" and that raised my refund.
The refund amount I'm showing now is the same as when I had erroneously ticked the "NY" box. So I am assuming I'm ok.
I ran an error check and nothing came up. So - thank you for bearing with all of this, as long as I passed the error check, am I OK? Do you have enough info to answer this? Thank you again.
