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Retirement tax questions
I have a couple of questions:
How do I know that the 10% withheld for federal taxes in 2020 is accounted for? I don't think it was because TT since last year's return, is calculating based on exactly 1/3 of the gross amount. The amount withheld is on the 1099-R, however, I don't think TT is taking it into account. Would I have to amend my 2020 return?
My 8915-E has $100,000 listed under Part I column c, but my distribution was not over 100,000. Is this an error that is affecting the amount of taxes I owe? Line 5 is 0.
‎April 3, 2022
5:35 PM