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Retirement tax questions
Thanks. I did what you suggested but the problem seems to be there. For Totals Summary it showed Adjustment to Income -$1885, but absolutely no difference in the amount of tax I owed for Federal or State. On the State (CA) Adjustments Schedule there is still $1,885 as Penalty for early withdrawal of "savings" (?) I assumed it was RMD but it didn't change.
Is there something I need to do to trigger an update? Like close it and re-open software? Is there any other "withdrawal of savings" could refer to? I haven't withdrawn anything other than RMD that could possibly be subject to penalty, and it correctly shows that I withdrew ONLY the amount of RMD, no more no less.
May 18, 2024
4:17 PM