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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)?

 
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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.

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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.
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