Yeah, I see that too.
This may take some discussions with the CHAMPs and TTX experts and programming staff to figure out a) whether that was intended, or b) whether some additional text is required in the follow-up questions.....or c) whether that part hasn't been fully programmed in yet
With Online Premier
1) I entered a supposed IRA RMD of 10,000
....then on the follow-up page indicated it was an RMD, and then
.......another page, that I rolled it all back.
..........then another page tells me it wasn't taxable since I sent it all back.
............. then I checked my preview 1040 display and the full 10,000 it shows up on line 4b.
2) Edited that 1099-R same info BUT
......on the follow-up page that asks if it was an RMD, I indicate that none of it was..
.........then anther page were I indicate it was all rolled back..
...........another page again tells me it wasn't taxable sine I rolled it back
............ then I checked my preview 1040 display and the 10,000 shows in 4a and a zero shows up on line 4b.
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SO, are we supposed to call it an RMD or not ?. since RMDs were suspended...
........and why in procedure #1 above does the software tell me it's not being taxed since I rolled it back, then show it IS being taxed on the form 1040 preview. ? Software for this section still in beta mode???
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
