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Retirement tax questions
@prtaylor56
Yes, I called a few days ago. Was initially directed to put my email address on the mailing list to get an update regarding lines 4a and 4b. I had already done that. The link is buried somewhere in all of the 4a and 4b posts. Was told that many people had called regrading these lines and also told there would be an update this week. My software was updated yesterday but there was nothing addressing 4a and 4b.
Found this in a Knowledge Base Article for Intuit Pro Tax:
"For pensions, if the gross amount received from all pensions is not the same as the taxable amount received from all pensions, both the gross and taxable amount will print on Form 1040. If the gross pension and taxable pension amounts are the same, then only the taxable amount will print on Form 1040. For IRAs, if the gross amount received from all sources is not the same as the taxable amount, both the gross and taxable amount will print on Form 1040. If the gross IRA and taxable IRA amounts are the same, then only the taxable amount will print on Form 1040 unless a conversion from a traditional to Roth IRA was made."
There are several posts in the professional community forum regarding lines 4a and 4b.
Yes, I called a few days ago. Was initially directed to put my email address on the mailing list to get an update regarding lines 4a and 4b. I had already done that. The link is buried somewhere in all of the 4a and 4b posts. Was told that many people had called regrading these lines and also told there would be an update this week. My software was updated yesterday but there was nothing addressing 4a and 4b.
Found this in a Knowledge Base Article for Intuit Pro Tax:
"For pensions, if the gross amount received from all pensions is not the same as the taxable amount received from all pensions, both the gross and taxable amount will print on Form 1040. If the gross pension and taxable pension amounts are the same, then only the taxable amount will print on Form 1040. For IRAs, if the gross amount received from all sources is not the same as the taxable amount, both the gross and taxable amount will print on Form 1040. If the gross IRA and taxable IRA amounts are the same, then only the taxable amount will print on Form 1040 unless a conversion from a traditional to Roth IRA was made."
There are several posts in the professional community forum regarding lines 4a and 4b.
‎June 4, 2019
11:36 PM