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Retirement tax questions
Great info, but I followed all these directions and when I go to finish. I keep getting a "Check this Entry" for Form 1: Penalties on IRA We're still working on updates related to penalities on IRAs, that qualify for disaster covid relief.
Then in box 22 it has the Penalties.... $538 x.33=178 . The $178 is the box that Is highlighted.
I chose to split up mine over 3 years and thus this year claimed $5,380.00. I am confused as to what I am supposed to put in the box of $178. Sorry if this is a dumb/confusing question. Any help would be appreciated.
March 9, 2021
8:40 AM