I receive a 1099-R for my Government pension. On the 1099-R worksheet, I see there is a calculation for an "Age Factor" that appears to, in my case, reduce my taxable income on line 5b of the 1040.    6    Age (or combined ages) at annuity starting date                          56 7    Age factor (payment months)                                                            310 8    Divide line 5 (Block 9b of 1099-R) by line 7                                    632.64 9    Number of months for which payments were made in 2020      12 10 Multiply line 8 by line 9                                                                        $7,592 This amount is then deducted from my "Gross distribution" in Block 1 of the 1099-R which brings the taxable amount to less than what is in block 2a on my 1099-R by a little over $1,000. What is the purpose of this calculation? How is the "Age Factor" determined? ... View more

I have 3 1098's for 2020. Two are for the primary mortgage which I refinanced in late 2020 and the 3rd is for the 2nd mortgage (Home Equity Loan) which was NOT refinanced. I've indicated on each that a 1098 was received; however, on the Home Interest Worksheet, it is showing only the HEL as being reported on a 1098 (line 8a). The other 2 are indicated as not having been reported on a 1098 (line 8b). Why is it doing this and does it impact how or how much of the mortgage interest is considered deductible? ... View more