Thank you so much for your generous help! To be safe, I will put:
1099-R:
box 1: 3398+20.24+1236.89=4655.13 or should I put 3398+20.24+1250=4668.24
box 2a: 20.24
What do you mean, "at your own marginal tax rate due to kiddie tax"? Do we need to re-do our 2021 tax because she can be claimed by us, but we won't claim her in 2021?
I deleted the 2nd 1099-R, yeah! Here are the final numbers, do they look right?
Form 1040:
Line 4a. 4655
Line 4b. 20
Line 8. 2800
Line 10. 198
Line 12a. 2952
Line 23. 398
Form 5329:
Line 19: 1250
Line 20 (2021 distribution from your Roth IRAs): 0, is it correct?
We are almost done, correct?
For tax year 2022, how to answer these questions?
Q1. Withdraw from your Roth IRA before 2022? yes or no?
Q2, Enter prior year Roth IRA contributions? 2602 or 1352?
Q3, Your excess Roth contribution for prior years? 0?
You've helped us so much - can I send you a Starbucks card or make a donation to your favorite charity?
