Anonymous
Not applicable

Retirement tax questions

If you look at the 1040 worksheet, you see that TurboTax is still separating IRA's from pensions and annuities, even though the 1040 no longer does that. If you have distributions from multiple payers, they are doing it wrong. Here is what the new IRS 1040 instructions say: "More than one distribution. If you (or your spouse if filing jointly) received more than one distribution, figure the taxable amount of each distribution and enter the total of the taxable amounts on line 4b. Enter the total amount of those distributions on line 4a." So, if more than one, the total of ALL distributions should appear on 4a. I think Intuit has been told about this problem.

View solution in original post