Nurex35
New Member

Retirement tax questions

I attempted to do that.  However, when you go to the Worksheet to determine whether your SSBs are taxable(6b), whether you answer "yes, I am excluding UEC" or, "no I am not excluding UEC", the amount you get is the same and, when you continue on that Worksheet, there is NO line item for the exclusion.  The result is actually the same on the Worksheet that I used to prepare my 2020 1040-SR; most people do not realize that the SSB Worksheet you filled out prior to the announcement of the Exclusion is NOT the same one that the IRS created AFTER the Exclusion.

So, in my way of thinking is that the IRS is tricking you into thinking the Exclusion is now incorporated into your 2020 return and that somehow think your SSBs are not table when in fact they are.  Don't believe me?  Use the"old" Worksheet and then the "later" one; I bet your result is the same.  The fact is, unless there is a new directive OR, you decide to create your own line item for excluding UEC somewhere, the bottom line is that the tax law is STILL in place; i.e., UEC is NOT EXCLUDED when determining whether your SSBs are taxable; nothing from the IRS stated otherwise!   Sorry for the long msg...