mditty4193
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Yes, your tax liability should increase (reducing your refund or increasing the amount owed.)Make sure you are entering 1/3 of your distribution in two separate...
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Your tax liability will be INCREASING, decreasing your refund. If you deferred the tax on your Care Act distribution over 3 years, you will pay the taxes on tha...
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I am not looking at the form right now, but on the first line where it asks if you checked the box, if no x in the box, then enter 1/3 of your distribution. Als...
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No......although I would have expected it to hit there after completing the form.
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Question for Turbo Tax.......While I WAS able to enter the information into the form, indicating how much of the amount taken from 401k in 2020 was claimed in 2...
Activity Feed for mditty4193
- Got Cheered for Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd. April 11, 2022 4:21 PM
- Posted Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd on Get your taxes done using TurboTax. March 29, 2022 4:11 AM
- Posted Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd on Get your taxes done using TurboTax. March 29, 2022 4:06 AM
- Posted Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd on Get your taxes done using TurboTax. March 27, 2022 8:25 AM
- Posted Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd on Get your taxes done using TurboTax. March 24, 2022 2:04 PM
- Posted Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd on Get your taxes done using TurboTax. March 24, 2022 11:51 AM
- Posted Re: CARES Act retirement distribution in turbotax software - penalty-free and paying 1/3rd on Get your taxes done using TurboTax. February 22, 2022 7:08 AM
- Posted Re: 2020 TurboTax Software, CARES Act and 401K Withdrawal Tax Burden on Retirement tax questions. March 31, 2021 12:50 PM
- Posted Re: 401k cares act withdrawal on Retirement tax questions. March 20, 2021 9:33 AM
- Got Cheered for Re: 401K Early Withdrawal/Covid Relief and the maddeningly dizzy spin around Line 22 of my now le.... March 20, 2021 8:03 AM
- Posted Re: 401K Early Withdrawal/Covid Relief and the maddeningly dizzy spin around Line 22 of my now le... on Retirement tax questions. March 20, 2021 7:52 AM
- Posted Re: 401K Early Withdrawal/Covid Relief and the maddeningly dizzy spin around Line 22 of my now le... on Retirement tax questions. March 18, 2021 8:28 AM
- Got Cheered for Re: 401K Early Withdrawal/Covid Relief and the maddeningly dizzy spin around Line 22 of my now le.... March 18, 2021 8:25 AM
- Posted Re: 2020 TurboTax Software, CARES Act and 401K Withdrawal Tax Burden on Retirement tax questions. March 18, 2021 5:47 AM
- Posted Re: 401K Early Withdrawal/Covid Relief and the maddeningly dizzy spin around Line 22 of my now le... on Retirement tax questions. March 18, 2021 4:15 AM
- Posted Re: 401k cares act withdrawal on Retirement tax questions. March 17, 2021 11:49 AM
- Posted Re: 401K Early Withdrawal/Covid Relief and the maddeningly dizzy spin around Line 22 of my now least favorite form ever, 8915-E on Retirement tax questions. March 17, 2021 11:35 AM
- Posted Re: I have error for Form 1 penalties on IRA . We're still working on updates related to Penaltie... on Retirement tax questions. March 17, 2021 11:30 AM