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Retirement tax questions
Yes, it worked out okay because the 1040 form did not include the rollover in the taxable income.
Even though the subsequent screen showing Income comparison for 2021 and 2022 also showed "Total Income" including the rollover, within the list of income categories the rollover amount was captured under the category "Pensions - nontaxable". It became apparent that the "Total Income" included taxable and nontaxable categories.
From a user perspective, it may have been clearer if they depicted the list as two groups taxable or nontaxable. Alternatively, they could add a label to Total Income so it read "Total Income (Taxable and Nontaxable)".
March 26, 2023
12:09 PM
1,312 Views