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Retirement tax questions
Thank you. With your input and online search, guess I got what went wrong.
1. For IRA question: What did you do with money from xyz: I need to select 'did a combination of rollover, converting or cashing' (Instead I did 'rolled over' to another traditional IRA or qualified retirement Account).
2.Missed Traditional IRA entry.
With these corrections, TT generated 1040-X with $22 interest and 8606 that matches the form I manually did with taxable amount $22. Status as of now,
1.1040-ES payment voucher: ignore.
2. Federal 1040-X: I owe $5. (I owe and paid $2200 while filing Taxes)
3. This changed State filing/tax information as well and I owe $1 to State (I got refund $400+while filing).
4. Reason for 1040-X: I converted all of it to Roth IRA (I think I need to elaborate this).
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1.For Federal: 1040-X wit signature + 8606 is sufficient (along with check) with a cover letter or any additional forms to attach? I noticed schedule 8812 -child tax credit form Lain13 went up by $5 (not sure why).
2. For State: I think I have an option to submit electronically, but If I do by mail just 4 pages of CT state (CT-1040X) without 1040V voucher with cover letter is fine?