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Retirement tax questions
I'm totally confused... I filled out the form, which is bizarre and confusing:
after I hit continue, it asked if I paid any back -- left zeros in both subcategories.
Said "no" to 2017,2018, 2019 disaster distributions
When I hit "Continue" it brought me back to the "Your 2021 Income Summary". The full covid distribution is still in the 2020 column, and $0 is in the 2021 column, and the total tax owed is exactly the same.
Next I go to 8915-F in the "Forms" section, and follow the IRS instruction. This takes me through the flowchart CHART 1. Since I did NOT check the box on line 17 on the 2020 Form 8915-E, the instructions are to complete lines 23-26 (lines 12-15 are for non-IRA withdrawals).
But TurboTax hasn't filled anything in on the form after the flowchart. Reading the form, I believe that
- lines 23 & 24 should have 1/3 of the distribution (the number I entered in the bottom box on the TT form)
- line 25 should say 0. because I told TT that I didn't make a repayment
- line 26 should have the 1/3 distribution (same as 23 & 24).
...so it looks like TT collected the numbers from me and then didn't enter them into the form?!?
I'm so confused!