- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
However, I'm puzzled as to why you are seeing a penalty of only $160. When I enter a code 81 Form 1099-R with $5,500 in box 1, $0 in box 2a and the IRA/SEP/SIMPLE box marked, I see a $550 penalty on Form 1040 line 59 (although the correct penalty is zero).
‎June 6, 2019
8:28 AM