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Retirement tax questions
I have deleted my 1099 R. Twice. Still does not work. When I type in 4D for my distribution code I get these screens: 1) Let’s double check your info - is the IRA/SEP/Simple box checked? Answer is No. 2) were you employed as a public safety officer? Answer is No. 3) Tell us when this person was born. Answer is born before January 1, 1952. 4) was this distribution from a 403b plan. The only answer choices are a) yes, this is a 403b plan or b) no, it’s another type of qualified retirement plan. My plan is neither. It is a non qualified annuity that I inherited four years ago. I cannot answer this question truthfully because my plan is neither a 403 b nor a qualified retirement plan. There are no other options to choose from. If I click on other qualified plan, then I am falsifying my form. If I do click on other qualified plan, then it does take me to the RMD question. I enter the RMD, which is the amount of my gross distribution. Then it asks how much of the distribution applied to my December 31, 2024 RMD. I answer choices of entire, some or none. My gross distribution was my entire RMD. But if I click on any of the three choices I get a screen asking me if I took out the remaining amount during the correction window. The remaining amount that is shown is the same amount as my gross distribution. And then it charges me a 10% penalty. That is wrong. I don’t have any remaining amount that is due. At no point do I get a question asking if I missed a payment. And I did not.
I paid over $70 for this program because I needed the business one. I am getting really upset that this is not being fixed. There are too many of us having the same issue with your program and we are getting the run around.