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I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

How does the system work?  Should I buy the CD and play with it?  I used to be able to do this.  This is first time doing online.
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I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

Traditional IRA distributions taxable.

I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

Online is not designed for "experimental" tax returns. Use the CD/Download version, for this and other reasons.

I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

Did you mean IRA *contribution*, not distribution?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

If you meant contribution, you have until the tax filing deadline in April to make an IRA contribution for tax year 2016.

I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

It is easier to "what if" with the downloaded program since you can use the FORMS mode and you can switch if you like. 

But to do what you want using the Online version you can in the Wages & Income section ... just keep changing the amount on the 1099-R screen and watch the refund/balance due meter. 


You can peek at only  the form 1040 by going here:

My Account >> Tools >> View Tax Summary >> Preview 1040

 

To view your entire return using the online editions (including the state) before you file, you will need to pay for your online account.

To pay the TurboTax online account fees by credit card, without completing the 2016 return at this time, click on My Account at the top of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  On the next page, to pay by credit card, click Continue.  On the next screen it will ask if you want Audit Defense, if you do not want this option just click on the Continue button.  The next screen will ask for all your credit card information so you can pay for the account.


I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

"without it being taxable"  How much is your other income?
Hal_Al
Level 15

I completed the information closely to determine if we can make an IRA,distribution before yearned without it being taxable How can I determine this?

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