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Retirement tax questions
If I do that it just adds a dollar to the taxable amount of my IRAs and nothing to the gross because it automatically changes lines 8 and 10 in the summary to match line 1 so that it appears that the IRAs are still fully taxable. Have to then change 8 and 10 back to the original amount and then the gross of all distributions appear although $1 more than what they should be. Shouldn't have to do any of this and I would prefer not to do this. Thanks for the info.
Some people are receiving the correct refund amount even with line 4a less than 4b. Still don't know why it goes through correctly for some and not for others.
The TT 1040 is actually working as per the Knowledge base information. The gross of my pension is on 4a because it is not fully taxable but the gross distribution from my IRAs are not listed because they are fully taxable. Whether or not this is what the IRS wants who knows. Again, was never an issue when pensions/annuities and IRAs were separated because it was obvious how much one received from the pension and how much from IRAs and how much was taxable.
Some people are receiving the correct refund amount even with line 4a less than 4b. Still don't know why it goes through correctly for some and not for others.
The TT 1040 is actually working as per the Knowledge base information. The gross of my pension is on 4a because it is not fully taxable but the gross distribution from my IRAs are not listed because they are fully taxable. Whether or not this is what the IRS wants who knows. Again, was never an issue when pensions/annuities and IRAs were separated because it was obvious how much one received from the pension and how much from IRAs and how much was taxable.
‎June 4, 2019
11:36 PM