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Retirement tax questions
fanfare, I see no problem with the calculation TurboTax does for a $120,000 traditional IRA distribution of which $100,000 is a CRD and the individual has $10,000 of basis and a year-end balance of $300,000. Both the online and CD/download versions give the correct result of $52,064 on Form 1040 line 4b.
March 19, 2021
6:57 PM