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Retirement tax questions
The form is there but it's still not calculating correctly.
It's still charging the penalty on your contributions withdrawn. So if you drew $110K with $100K for a Cares Loan and $10K from your original contributions (yes the Roth has been open over 5 years) it's calculating the 10% penalty.
Not only that, but if your modified AGI is under 100k it's not letting you deduct the loss on the rental property.
I'm assuming this is because somehow the program thinks your over the income limits.
March 17, 2021
3:48 PM