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Retirement tax questions
@Roundtown wrote:
I had tried hr block before ordering TTax. It handled the 8915E correctly but had a different flaw that I could not work around in not correctly including an inherited Ira distribution as taxable income on the 1040 form. Starting to think that the talent that originally developed these programs have all retired or moved on and they have become unreliable. Might be time to move back to paper.
Why do you think a 8915-E for should be used for a Code Q or T Roth distribution that is not taxable anyway?
A 8915-E allows spreading the tax over 3 years but there is no tax to spread. A 8915-E is not used for a normal Roth distribution.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 25, 2021
6:10 PM