@MtnTABS wrote:
1. On my Form 1040-SR, Box 4a is empty but Box 4b has the taxable amount of my IRA distributions. Shouldn’t there be an amount in Box 4a?
2. Also, on Page 2 of my 1040-SR, there is an amount in Box 12a and the same amount in Box 12b but there is no Schedule 2 or any other worksheet to explain where TurboTax came up with the amount in 12a/12b. [See next question.]
3. On Page 2 of Schedule D, Line 16 has an amount. Line 17 is marked “Yes”. Lines 18 and 19 are blank. Line 20 is marked “Yes”. It says to complete Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040-SR, Line 12a. I printed out my whole return but I do not find this worksheet. Does it have an Attachment Sequence No.? Obviously my questions 1 and 2 are related because they both deal with Line 12a but I’m afraid to send in my return if there is a Worksheet or Schedule 2 missing.
Thank you so much for your help. My husband always did our taxes on TurboTax software but he passed away in February so it’s my first time.
#1) The 1040 instructions say that if the 1099-R taxable amount is the same as the box 1 amount to place that on line 4b and leave 4a blank.
#2) 12a is the tax that is calculated in the line 11b amount. 12b is 12a plus schedule 2. If no schedule 2 then 12a/b will be the same amount.
#3) You need to print all forms and worksheets to see that. It is not part of the tax return.
**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.**
