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Retirement tax questions
@macuser_22
There is a similar statement regarding multiple pensions and annuities in the Simplified Method worksheet on page 31 of the IRS Form 1040 instructions, but it does contain the qualifier "partially taxable", so your point is valid and TurboTax has handled this per the instructions in the past.
The bottom line is that the current Form 1040 will show an absurd-looking number on Line 4a for some filers, which could never happen when the IRA and Pension lines were separate.
Also, there are still linking and labeling errors in the new TurboTax sheet "1040 Wks", as we have both reported.
I understand why you don't want to deal with this any longer. I feel the same. Bye, and thanks for your attention to this point.
There is a similar statement regarding multiple pensions and annuities in the Simplified Method worksheet on page 31 of the IRS Form 1040 instructions, but it does contain the qualifier "partially taxable", so your point is valid and TurboTax has handled this per the instructions in the past.
The bottom line is that the current Form 1040 will show an absurd-looking number on Line 4a for some filers, which could never happen when the IRA and Pension lines were separate.
Also, there are still linking and labeling errors in the new TurboTax sheet "1040 Wks", as we have both reported.
I understand why you don't want to deal with this any longer. I feel the same. Bye, and thanks for your attention to this point.
‎June 4, 2019
12:25 PM