bballlova99
Returning Member

Retirement tax questions

I have temporarily removed the rollover IRA.

Now I just have my cashed out IRA entered.


I have entered 141 in boxes 1 and 2a.

 

For 2b i have checked both boxes

 

for 7, i have put code 1 and checked the IRA box

 

I filed out the stated tax saying 141 is the distribution amount

 

I have marked that I havent inherited this IRA, I did something else (Cashed out), didnt put it in an HSA, no disaster.

My 1040 shows 4a being 141 and 4b being 0. Why is 4b $0 and not 141?


On my turbo tax  cashed out1099-R. B4 says 141.15. Im not sure why