About BillyBoy60

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Re: Should rollover reduce income?

SamS1: Outstanding!!!!! Thank you soooo much. Yes, I had been indicating that it WAS rmd. I thought there might be some little thing that I was not doing right....

BillyBoy60

Updated Feb 02, 2021
Re: Should rollover reduce income?

The program seems unable to account for the rollover. I first thought I had done something wrong in entering information. But now I suspect there is a glitch in...

BillyBoy60

2

Updated Feb 02, 2021
Re: Should rollover reduce income?

I went back to the 1099 input page and entered $15,600 in line 1, Gross Distribution.In line 2a, on the 1099, $15,600 appeared, but on the input form, I entered...

BillyBoy60

3

Updated Feb 02, 2021
Re: Should rollover reduce income?

DaveF responded:Scroll down to Boxes 4a and 4b. There should be a difference.4a is your gross distribution and 4b is your taxable amount of your distribution. I...

BillyBoy60

5

Updated Feb 02, 2021
Re: Should rollover reduce income?

Covid did not figure in any of this.As 2020 began, I started taking monthly amounts from my IRA as RMD's. In March, the IRS suspended RMD's, and since I didn't ...

BillyBoy60

7

Updated Feb 02, 2021

Activity Feed for BillyBoy60

Posted Re: Should rollover reduce income? on Retirement tax questions. ‎February 2, 2021 11:16 AM
Cheered Re: Should rollover reduce income? for SamS1. ‎February 2, 2021 11:14 AM
Posted Re: Should rollover reduce income? on Retirement tax questions. ‎February 2, 2021 10:11 AM
Posted Re: Should rollover reduce income? on Retirement tax questions. ‎February 1, 2021 4:08 PM
Posted Re: Should rollover reduce income? on Retirement tax questions. ‎February 1, 2021 3:39 PM
Posted Re: Should rollover reduce income? on Retirement tax questions. ‎February 1, 2021 2:48 PM
Posted Should rollover reduce income? on Retirement tax questions. ‎February 1, 2021 11:53 AM

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Date Registered	‎January 1, 2021 4:09 PM
Date Last Visited	‎January 26, 2022 11:22 PM
Total Messages Posted	6

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