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Retirement tax questions
Problem with Turbo Tax is we can't locate where the incorrect extension amount came from so can't remove it. All these figures are transferred from the Federal Taxes so still not trusting the program to calculate correctly for 2019. Where could I find this mistake in the program to remove it? Popped up on Hawaii State tax from Turbo tax: It's on form N-11, (2019) line 40, Amount paid with Extension. 790.00?
Question1 : Where is this coming from since I didn't enter this figure at any time?
The instructions say to file separate 5329 if filed joint return, which makes sense, since one pays 10% and one person will not.
Question 2: Form 5329, line 2. Would this be the amounts of $7000 for me and $6000 for spouse, which was the original contribution for each person? The instructions are very vague re what figure goes here, if any? Why should I pay taxes on money I already paid taxes on before making the Roth deposit, so I'm assuming, the 7000 and 6000 should be on this line 2 to subtract from the taxable amount ? This would then calculate the Taxable amount from 1099-R, 2a on Line 3. Why don't they just say, enter 1099-R 2a on Line 3?
Question 3: Do I need to file State Schedule AMD, Explanation of changes on Amended Return as well?