Retirement tax questions

I think this is accurate if I understand this correctly.

• You received a 1099-R for a thrift savings plan that you rolled into an IRA.
  • This is not taxable.
  • When you go through the questions while posting the first 1099-R there is an option
    • I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
    • This option will make the 1099-R nontaxable.

• The second 1099-R is taxable because you took the money and did something other than placing it back in another retirement account.
  • In the same area as above, you would select:
  • I didn't rollover or convert this money.
  • This will make it taxable.

Line 4a on your tax return will be double the amount you had in the account, but 4b, the taxable amount will only reflect the second 1099-R.

1. On the menu bar on the left that shows.
   1. My Info
   2. Federal
   3. State
   4. Review
   5. File
2. Select Tax Tools
3. On the drop-down select Tools
4. On the popup menu
5. Select View Tax Summary
6. On the left sidebar
7. Select Preview my 1040.

Line 15 - Taxable Income

Line 24 - Total Tax.

Line 25 - Withholdings.

Line 33 - Payments including Credits.

Line 34 - Overpayments.

Line 37 - Tax owed.

To return to the entry screens press Back on the sidebar.

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