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tyrone39074
Returning Member

1099R and W2

I worked almost  months on my first job and then i got another job for rest of year. I have two w2 forms from first job i made 6393dollars for year and second job i made 30431dollars. I also received a 1099R form to file for retirement in IRA for 9859.05. My question is do i have to file the taxes with lesser amount for this year and do i have to file the 1099R? Right now its saying i owe money to irs because of that so i havent filed yet until im sure.

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8 Replies

1099R and W2

All 2019 tax forms received and All income received in 2019 have to be entered on a 2019 tax return.

tyrone39074
Returning Member

1099R and W2

ok. its saying i owe back money for it so is that right

 

1099R and W2


@tyrone39074 wrote:

ok. its saying i owe back money for it so is that right

 


If you have entered all of your income and completed the tax return and it shows you have taxes owed that would be correct.  You have taxes owed if the total of all your tax payments is less than the total of your total tax liabilities.

tyrone39074
Returning Member

1099R and W2

ok i am filing it but im trying to see how to get my agi before i finish filing taxes . On the screen it says to multiply AGI x 7.5% to get the amount i need to exceed medical expenses. So how do i get THe AGI

1099R and W2


@tyrone39074 wrote:

ok i am filing it but im trying to see how to get my agi before i finish filing taxes . On the screen it says to multiply AGI x 7.5% to get the amount i need to exceed medical expenses. So how do i get THe AGI


To view your 2019 AGI -  Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary.

Medical expenses are an itemized deduction.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

 

Standard deductions for 2019

  • Single - $12,200 add $1,650 if age 65 or older
  • Married Filing Separately - $12,200 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,350 add $1,650 if age 65 or older
tyrone39074
Returning Member

1099R and W2

I'm working from my tablet, and when i look on the left i don't see where it says tools.. that option is not showing for me.

1099R and W2

Then there should be 3 horizontal bars on the top left of the screen.  Click on those bars and the left side column should open.

1099R and W2

I owe money from irs

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