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Retirement tax questions
When I hit "Continue", the next page shows this:
Is the IRA/SEP/SIMPLE box on this 1099-R checked?
Yes
x No, the box is blank
Then Continue:
Tell us if any of these uncommon situations apply
I inherited this IRA
I need to file a substitute 1099-R
The corrected box is checked on this 1099-R
x None of these apply
Then continue:
Did xxxx rollover all of this $2,000.00 (Box 1) to another retirement account?
Let us know if you rolled over all or a portion of this distribution by depositing it in another retirement account (or returning it the same one) within the rollover time limits.
Yes, xxxx rolled over $2,000.00 to another Roth IRA (or returned it to the same account).
No, xxxxx rolled over less than $2,000.00.
x I did something else
Hit Continue:
Did xxxx use the money you withdrew to buy your first home?
xxxxx taxable income can be reduced by up to $10,000 for a first-time home purchase.
Yes, all or part of this money was used to buy a home
x No, xxxx didn't
And that's it.
‎February 10, 2021
6:24 AM