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Retirement tax questions
In years prior to 2021, the excess contribution was added to W-2 wages. On the 2022 tax return, it is listed on line 1h (other earned income). I'm not sure why this was changed on Turbo Tax. Since this is on the form 1040 only once, this is fine for the federal return. On the Mississippi return, the 1099-R income is reported twice. On form 80-105, it is reported on line 46 as taxable pensions and annuities and on line 48 as other income from form 80-108. This needs to be corrected for the Mississippi return.
‎February 3, 2023
1:38 PM