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Retirement tax questions
They did add parenthetical text to address the 2020 situation:
Where is this ?
I find there's a problem linking 1099R with 1040 ....1040 line 4a should be linked to 1099 1 Gross Distribution.
Also if you don't check 2b Taxable not determine, the amount on line 2a should go to 1040 L4a ...it doesn't.
Any amount in 1099 #1 to goes to 1040 L4b.
The proper way to report RMD partial reversal is to report the Gross L4a and taxable amount on L4a and write "Rollover" on L4b.
Any suggestions?
‎February 15, 2021
12:27 PM