cc1790
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Yes, I've repaid all but the $5k that was held out for taxes. I was planning on repaying that after I get it back from my State Income tax, but having to file a...
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I just looked this up on the IRS site, I still don't believe Turbo Tax has this right.Q7. May I repay a coronavirus-related distribution?A7. In general, yes, yo...
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But if we pay the full amount back, why should we get taxed on the distribution?
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But I thought we had up to 3 years to pay it back?
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Yes, I received a 1099R with that info, but that doesn't change the way you have to enter it into TurboTax. It is still showing that I have a penalty to pay for...
Activity Feed for cc1790
- Posted Re: IRA distribution and Cares Act on Get your taxes done using TurboTax. February 28, 2021 7:29 AM
- Posted Re: IRA distribution and Cares Act on Get your taxes done using TurboTax. February 28, 2021 6:50 AM
- Posted Re: IRA distribution and Cares Act on Get your taxes done using TurboTax. February 28, 2021 6:19 AM
- Posted Re: IRA distribution and Cares Act on Get your taxes done using TurboTax. February 27, 2021 9:03 PM
- Posted Re: IRA distribution and Cares Act on Get your taxes done using TurboTax. February 27, 2021 7:50 PM
- Posted IRA distribution and Cares Act on Get your taxes done using TurboTax. February 27, 2021 6:28 PM