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Boyan
Level 4
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  • Solved Re: How exactly does long term cap gains tax work when diluted with ...

    Thank you so much for your reply. Just for my personal peace of mind, so if one's taxable income (after all deductions are taken out) is exactly$48,350 or above...
    Boyan
    1
    Updated Jun 13, 2025

  • Re: 1099-R

    @NCPERSON1Thank you for your reply, yes I'm referring to rule of 55 early distribution from 401k with no penalty (tax is due regardless) and specifically my que...
    Boyan
    Updated Jun 09, 2025

  • Re: 1099-R

    @fanfareI totally get the mechanics of how to overwrite an incorrectly coded 1099-R and force an exemption at the time of filing but that could likely trigger I...
    Boyan
    1
    Updated Jun 09, 2025

  • Re: 1099-R

    Did you plug the code in box 7 into TT correctly? That would be how TT will account for the penalty or no penalty; what was the code anyway? and yes if the 1099...
    Boyan
    3
    Updated Jun 09, 2025

  • Re: Do we save taxes by contributing to IRA

    I'm also finding it incredibly invigorating that W-2 high earners have literally zero way to mitigate taxes by diverting pre-tax income; it's as if the code is ...
    Boyan
    1
    Updated Apr 06, 2025
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