You'll need to sign in or create an account to connect with an expert.
I'm guessing that you are answering questions related to the Retirement Savings Contributions Credit. Any amounts distributed from your Roth IRA from January 1, 2014 through the due date of your 2016 tax return, taxable or not, reduce the amount of new retirement contributions that are considered when calculating your 2016 Retirement Savings Contributions Credit. You must enter the amount, otherwise your tax return might end up claiming a tax credit for which you are not eligible.
I'm guessing that you are answering questions related to the Retirement Savings Contributions Credit. Any amounts distributed from your Roth IRA from January 1, 2014 through the due date of your 2016 tax return, taxable or not, reduce the amount of new retirement contributions that are considered when calculating your 2016 Retirement Savings Contributions Credit. You must enter the amount, otherwise your tax return might end up claiming a tax credit for which you are not eligible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lively_soda
Returning Member
Whoislike
Level 2
OwyTaxFiling94546
New Member
EducationExpense
New Member
in Education
Abakus
New Member