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Retirement tax questions
@kjdavis38 wrote:
Why are there 2 line 9 boxes. Will they be added together?
No, they will NOT be added together. The Form 8915-F requires an entry for these lines. Only one amount will be reported on your federal tax return Form 1040 on either Line 4b or Line 5b depending on the type of retirement account was used for the 2020 distribution. This is taxable income and will be added to your other taxable income and taxed at your current tax rate.
‎April 3, 2022
7:38 AM