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Retirement tax questions
@beldenbd wrote:
Thank you for your response. MY 1040-SR Line 4b reads, "Taxable amount ROLLOVER 38,657."
The IRS 1040 Tax Retutn Transcript under the heading Income lists "Total IRA distributions: $77,314." That is exactly twice what is on my 1040.
"Total IRA distributions" on the Tax Return Transcript is line 4a of your 1040-SR, not line 4b. Line 4b of your 1040-SR is "Taxable IRA distributions" on the transcript. There are many reasons that line 4a could be twice as much as line 4b. The rollover could be part of the reason.
It's not clear exactly what your concern is. The IRS Tax Return Transcript is not the problem. You have not given any detail about your IRA transactions or your 1099-R forms.
May 22, 2025
10:41 AM