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SJOS
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- Cheered Re: 2020 return rejected because 2019 AGI supposedly incorrect, but it is definitely the right amount from 2019 return, line 8b. How can I fix this? for kidkurley. March 11, 2021 6:12 PM
- Cheered Re: 1099-R Treatment of Federal taxes paid under CARES ACT for DawnC. February 23, 2021 7:07 PM
- Posted Re: 1099-R Treatment of Federal taxes paid under CARES ACT on Retirement tax questions. February 23, 2021 6:28 PM
- Cheered Re: Mortgage 1098- box 5 MIP and PMI Deductible for 2020 tax year for Bsch4477. February 16, 2021 7:00 PM
- Cheered Re: 2020 return rejected because 2019 AGI supposedly incorrect, but it is definitely the right amount from 2019 return, line 8b. How can I fix this? for DoninGA. February 16, 2021 6:57 PM
- Posted Re: Mortgage 1098- box 5 MIP and PMI Deductible for 2020 tax year on Get your taxes done using TurboTax. February 14, 2021 10:09 AM
- Posted Mortgage 1098- box 5 MIP and PMI Deductible for 2020 tax year on Get your taxes done using TurboTax. February 14, 2021 9:10 AM
- Posted Re: 2020 return rejected because 2019 AGI supposedly incorrect, but it is definitely the right amount from 2019 return, line 8b. How can I fix this? on Get your taxes done using TurboTax. February 13, 2021 5:38 AM
- Posted 1099-R Treatment of Federal taxes paid under CARES ACT on Retirement tax questions. February 9, 2021 3:37 PM
February 23, 2021
6:28 PM
I think I know the answer but need a second opinion- I am planning to capitalized on spreading the early distribution as income over 3 yr but claiming all the taxes paid on this early distribution for 2020. For example received 45K and paid $9K on the early distribution. For 2020 filing, I will report $15K as income but for taxes paid on this distribution I will report $9K to maximize my refund as my income bracket will slide down to a marginal rate of 9%. Is this acceptable and will the software be smart enough to take the full amount of the $9K taxes paid for 2020 while spreading only $15K for 2020.
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February 14, 2021
10:09 AM
Thanks. Is the entire MIP or PMI amount deductible or partial amount?
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February 14, 2021
9:10 AM
Does anyone know if box 5 MIP amount and PMI are 100% deductible for 2020 or over the certain number of years? The IRS site has not updated their publication yet. Thanks
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February 13, 2021
5:38 AM
My nephew 2020 efile was rejected because the IRS efile system could not match his 2019 AGI. He paper filed his 2019 taxes. He called the IRS and they said that they have not processed his paper file- he owed $ for 2019 as he worked with a 1099 and the IRS has already cashed the check 😋 . Should he select "No" or that he did not file for 2019 in the efile question step work? Does anyone know if IRS would accepted ? Thanks
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February 9, 2021
3:37 PM
Am I required to spread over 3 years the federal taxes already paid on a early distribution from my 401k if I choose to spread the distribution as income over 3 years? or Can I report the full amount in the year I am filing my taxes? Thank You
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