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Retirement tax questions
Thanks macuser_22, First question: how about 1040 line 15a (IRA distributions) and 15b (Taxable amount) under Income section? I have read conflicting Q&A's that excess contributions withdrawn should be reported here, with the total (contribution + earnings) for 15a and any earnings on the excess contribution on 15b?
second question: When TurboTax is asking me to "Enter any contribution that you withdrew before April 17th 2018" ... I should leave that blank because I will be reporting this situation on the mock-1099R?
(I was not eligible to contribute at all due to MAGI but i contributed full amount of $5,500 during 2017)
second question: When TurboTax is asking me to "Enter any contribution that you withdrew before April 17th 2018" ... I should leave that blank because I will be reporting this situation on the mock-1099R?
(I was not eligible to contribute at all due to MAGI but i contributed full amount of $5,500 during 2017)
‎June 4, 2019
11:06 PM