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Retirement tax questions
On the face of things, None of those (lines 7, 17 or 22) would cause line 71 to be so high.
Perhaps an usually high $$ amount on lines 57 or 58 might do it, but it would seem that line 12 or 17 of the form 1040 would have to be much higher.
or......A mis-entry of some of the other data from whatever form you used to enter the line 17 $$ (I'm not knowledgeable to know what form is used for your 5% ownership....and if it has SS withholding on it)
Perhaps an usually high $$ amount on lines 57 or 58 might do it, but it would seem that line 12 or 17 of the form 1040 would have to be much higher.
or......A mis-entry of some of the other data from whatever form you used to enter the line 17 $$ (I'm not knowledgeable to know what form is used for your 5% ownership....and if it has SS withholding on it)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
May 31, 2019
5:47 PM