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Retirement tax questions
Thank you this helps a lot! One last question, in the deductions section where I put in what I contributed to my IRA in 2021, should I not include the payback portion? I am 55, I contributed 7000 (the max) and then I also paid back 4000 of the early distribution which means that the total is 11K which is too much and looks like it would incur a penalty. My investment firm calls the 4000 pay back as "rollover." on their tax forms.. Turbo tax says in that section, don't include roll overs in your IRA contributions.
‎April 7, 2022
4:02 PM