BillM223
Expert Alumni

Retirement tax questions

Ok, Line 5 in the screen shot above is the sum of your IRA Contributions, including those in excess.

Line 6 is any excess contributions withdrawn before the due date of the return.

Line 7 is any excess that hasn't been withdrawn yet.

Line 8 is the amount that is any repayments for special distributions for reservists (see https://www.irs.gov/pub/irs-news/ir-06-152.pdf) probably zero for most taxpayers)

Line 9 is the actual IRA contribution allowed.

 

OK, can you back into what Line 7 must be?

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