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Retirement tax questions
Hi John,
I purchased the downloadable software onto my Mac Mini. FYI I did exactly as you say below and nothing changed. I took an $8k distribution last year even though I have $25k in Roth basis going back to 2015. My MA Tax Due adds $400 (5% tax on $8k) after I go through adding that 1099-R even though I already paid that tax. I can also see on Form 8606 that line 22 "basis in Roth IRA contributions" appropriately shows $25,180 but I'm still being taxed by the software. It just doesn't make sense.
March 3, 2022
12:30 PM