@Darryl C wrote:
My pension rollover to my Roth IRA is included in my taxable amount. The only dollar deference between my Total income amount and Taxable amount is the standard $12,200.00. I would think the Taxable amount would be less the standard $12,200.00 plus the dollar amount rolled over to the Roth IRA. I am finding from other people I know they are having the same issue. Apparently Turbo Tax is not recognizing G as non-taxable. I have tried everything I can think of. but nothing works.
The Standard Deduction when you are filing as Single is $12,200. It has absolutely nothing to do with your Roth IRA.
Look at your actual tax return Form 1040 Line 4a and Line 4b. Line 4b will not have an amount entered and there will be the word ROLLOVER entered to the left of the Line 4b.
If you have NOT filed the 2019 tax return -
Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
