BillM223
Expert Alumni

State tax filing

 ""Amount of this distribution that may be rolled or converted to a Roth IRA""

 

I am sorry but even some time away from this has not revealed what you are saying.

 

OK, so B4 is actually 4b. 4b on the 1040 (or 1040SR, same thing) contains the taxable amount of IRA distributions. You didn't list any IRA distributions, so line 4b is zero, as it should be. 

 

On the return you shared with me, there is no 57,440.76 on line 4b on the 1040SR, And I do not see the phrase "Amount of this distribution that may be rolled or converted to a Roth IRA" anywhere on this return, certainly not on line 4b.

 

When I look again at your four 1099-R entries, you marked 3 of them - the two smallest and the largest - as code G, i.e., various government and military pensions, including the Massachusetts State Teachers Retirement System. The second largest pension is marked as "None of the above" and is therefore taxable in Massachusetts.

 

I can only conclude that you and I are looking at two different things.

 

Is it remotely possible that you are looking at the 2021 tax data in the 2020 TurboTax software? I ask this only because I seen it before (of course, this would mean that you would be using the CD/download software and I don't know if you are).

 

 

So how about this?

 

1. "However, it does list the full $57,441 gross distribution as a "Tax exempt portion of pensions and annuities" (in RED)" It's in Red because you entered it in that box in Forms mode. Why did you enter that number when there are three 1099-Rs that are tax exempt?

 

2. Please take a screen shot of where it says "Amount of this distribution that may be rolled or converted to a Roth IRA", redacting any personally identifiable information, and post it in your reply.

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