CRP payments are entered on Schedule F, Profit or Loss from Farming.CRP payments may be subject to self-employment tax as well (see link below).
https://www.i...
A 6% excise tax applies to any excess contribution to a Roth IRA. It would appear your $1,150 is excess, as 6% of $1,150 results in the $69 penalty.If your modi...
There are multiple ways adding in the investment interest expense would not decrease federal tax. A good place to start would be to revisit:
Form 4952
Your inv...
The Hawaii individual income tax return starts with federal adjusted gross income (AGI) before making adjustments to arrive at Hawaii AGI.If the IRA distributio...
Look for Box 12 and Box 13 on the W-2. The combination will indicate your retirement contributions - for example, 12D would be for elective deferrals to a 401(k...