MinhT1
Expert Alumni

Retirement tax questions

1. For Federal, you'll send Form 1040X, Form 8606, and a check for the amount shown on line 20 of form 1040X. Don't send the original 1040.

 

2. For State (CA), you'll send Form 540 Schedule X, Form 8606, and a check for the amount shown on line 7 of Form 540 Schedule X.

 

3. There'll be additional penalty for late payment and interest due for both Feeral and State. But you can pay them when you receive notices from the IRA and the State.

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