LIne 4

Forum|Forum|6 years ago
April 3, 2020
1 reply
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Why is line 4d significantly smaller than line 4c? And the same with 5b and 5a?

VolvoGirl

Level 15

Line 4d can be smaller because of your answers to the questions about your 1099R. Did you move some of the 1099R distribution to another account? Did you do a Rollover? It would say Rollover by line 4. Or you said you had a basis in the 401k. Go back and check your 1099R entries.

Line 5 is for Social Security. It changes depending on your other income

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:
Married Filing Jointly: $32,000
Single or head of household: $25,000
Married Filing Separately: 0

HPSchererAuthor

Level 2

So I as review things, on the 1099 R, it says "unknown" in the box for taxable amount. We left that blank. Should I have filled in the entire amount, nothing, or something different?

VolvoGirl

Level 15

If it says unknown you leave it blank. Then answer the follow up questions to determine the taxable amount. You may have answered one wrong. Why did you get the 1099R? What code is in box 7?