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Is there any place on the '18 Fed form to list $5.5K Fed tax I paid for '17 taxes owed? Was advised to forgo taking taxes out on '17 IRA distribution to break even in '18
Basically, I took $$ from my IRA in 2017 with no taxes withheld. Ended up paying a $5,5K federal 2017 tax shortage in 2018 by taking another IRA distribution (this time paying taxes on the new $$ up front). I'd like to think this $5.5K would reduce my AGI (like State tax refunds add to the AGI..). If so, where on the 1040 form would this amount be listed? There is a place to list the money I paid state over this same issue. Just can't find a place for Federal...
‎June 4, 2019
1:21 PM