ok3361
Level 2
Member profile
- Replies
- Posts
-
Thanks for this explanation, I think I get it now. Until I enter the year end value, the tax is being calculated based on taking the entire remaining nondeducti...
-
Only the balance for myself, my wife is not yet required to take a RMD from her act. Yes the amount entered is the total of all traditional IRA's.
-
Thanks again for responding. I have tried removing the year end IRA value to see what happens. When I do remove the value the amount of tax due goes down. Howev...
-
Thanks for the info Thomas. I did have non deductible contributions to the IRA and the amount (non taxable portion of the distribution) is calculated in Form 86...
Activity Feed for ok3361
- Posted Re: Why does entering the year end value of traditional IRA raise my tax due ? on Get your taxes done using TurboTax. March 18, 2021 10:58 AM
- Posted Re: Why does entering the year end value of traditional IRA raise my tax due ? on Get your taxes done using TurboTax. March 18, 2021 10:53 AM
- Cheered Re: Why does entering the year end value of traditional IRA raise my tax due ? for macuser_22. March 18, 2021 10:49 AM
- Cheered Re: Why does entering the year end value of traditional IRA raise my tax due ? for ThomasM125. March 18, 2021 10:48 AM
- Posted Re: Why does entering the year end value of traditional IRA raise my tax due ? on Get your taxes done using TurboTax. March 16, 2021 1:19 PM
- Posted Re: Why does entering the year end value of traditional IRA raise my tax due ? on Get your taxes done using TurboTax. March 16, 2021 11:17 AM
- Posted Why does entering the year end value of traditional IRA raise my tax due ? on Get your taxes done using TurboTax. March 15, 2021 2:42 PM
- Posted Does 2017 turbotax deluxe CD include free e-file of returns with itemized deductions? on Get your taxes done using TurboTax. June 6, 2019 3:45 AM