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Retirement tax questions
This was the case in TY 2021, However the problem is the Fed. 1040 changed the lines again for TY 2022. Now you report it on line 8r on Schedule 1. TT tax is not allowing it to go on line 1 of 1040 which is now for wages ONLY. TT needs to allow line 8r (taxable fellowship income) to count as earned income for the purpose of Ira contribution per the Secure ACT of 2019. It worked perfectly in TT 2021 NOT in TT 2022!! please fix ASAP
March 7, 2023
8:35 PM