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Retirement tax questions
I tried that and what I got was a negative amount on my 1040 for my IRA withdrawal. My income was in the poverty range which I know is not correct.
My problem I think arises from the fact I paid income tax with half my withdrawal. Turbo Tax doesn't like that I did this so I gave up. It only made $329 difference in the end so I gave up (I have too much money being refunded to waste anymore time on this glitch).
Would have been nice if Turbo Tax simply had the ability to enter form #5498. Oh well.
March 14, 2021
1:31 PM