aa2
New Member

After you file

Thank you! I will try that (ETA: That worked!). Will there be a penalty/interest due on the tax I now owe as a result of this amendment?

So, in 2018 tax return,  it (code P info) does not need to be added even as FYI? (I am adding 2018 1099-R code 8 in 2018 return.)

Another related question: As a result of tax law changes reducing our deductions for property tax/SALT combo and this additional tax owed in 2017, our tax withholding for 2018 MAY not be enough resulting in penalty. Without this amendment, we were ok. But after the amendment, with increased 2017 tax, we may not be (I still have to calculate). Will TT be able to address this now and tell us if we owe a penalty/interest given that I started the 2018 return before starting the 2017 amendment in TT and it did not carry over all the information from amended return? What if I add the 1099-R income with code P in 2018 return My concern is that we may find out 4 years from now and interest will keep accumulating between now and then. I would rather pay couple hundred dollars in penalty now than let it balloon to thousands. Thanks!