Thank you. Will remove ASAP.
1099R worksheet has the box checked IF BOX 7 CODE IS 2 OR 5, CHEK IF THIS DIST. IS FROM A ROTH. The box 7 codes are J and P.
Should the item marked CHECK IS A QUALIFIED DIST. be checked? Can't override it.
2020
I did check off the OTHER reason for exclusion for age and it placed a code 12 on line 2 and shows now as not subject to tax. Only show a 6% $25 tax on line 25.
from you: On the 2020 return please make sure that you enter the $300 removed by the due date on the penalty screen.
I can't locate this. I tried using the search but nothin with JUMP appears - only a list of posts with the Roth topic.
If I understand correctly, the 6% tax should only be $6.60 (6% of the $110 because that was not returned yet. And, the same tax of $6.60 will be imposed in 2021 -correct.
Sorry to repeat, if I am, but I'm working to fix 2 separate years. Who would have thought such a simple amount of excess MAGI could cause all this work and confusion.
Very grateful for your speedy replies - I must finish today.
