turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

finnedit
New Member

Why does amended return line 1 go up by $6,416 when I amend to add an IRA RMD 1099-R for only $3,467.97 (with $762.95 taxes withheld on RMD)?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Why does amended return line 1 go up by $6,416 when I amend to add an IRA RMD 1099-R for only $3,467.97 (with $762.95 taxes withheld on RMD)?

Do you also collect Social Security?  More of it may have become taxable as a result of the increase in (other) income.

View solution in original post

2 Replies

Why does amended return line 1 go up by $6,416 when I amend to add an IRA RMD 1099-R for only $3,467.97 (with $762.95 taxes withheld on RMD)?

Do you also collect Social Security?  More of it may have become taxable as a result of the increase in (other) income.

dmertz
Level 15

Why does amended return line 1 go up by $6,416 when I amend to add an IRA RMD 1099-R for only $3,467.97 (with $762.95 taxes withheld on RMD)?

Line 1 going up by 1.85 times $3,468 indeed indicates that this RMD income indeed increased taxable Social Security income by $2,948.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies