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Deductions & credits
@whbunn wrote:
TT did not ask about my non-taxable amount of my distribution. I can't find where to enter that information. Therefore I paid taxes on the full amount. I need to amend return to account for my after tax contributions.
My 1099R does not contain info for use, but I do know the amount of my after tax contributions.
Is the IRA/SEP/SIMPLE box checked on you 1099-R?
How (and what year) did the after-tax basis get into the IRA? Do you have a 8606 form for that tax year with the basis in box 14 as required (unless the contribution was a 2019 contribution) ?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎August 7, 2020
8:01 AM