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Retirement tax questions
Hi Dav G.
I am having such trouble with this. I enter the gross distribution and it agrees it is a covid eligible distribution. The fed tax shows a decrease in taxes due based allocating 1/3 of the distribution for the year. Then the screen asks if you would rather take the whole amount into income...if so check the box. I don't check the box but it still adds back the other 2/3...so showing in the 1040 as the whole distribution is taxable. Can you help me to figure out how to get this right? I am having a lot of difficulty trying to understand how to pose a question and ask for help in this community.
‎April 23, 2021
4:16 PM