trusharp
Level 1
Member profile
- Replies
- Posts
-
As I understood, the excess contribution was in 2022 and it's withdrawal was in 2023. You should create substitute 1099-R for that withdrawal (TT will put code ...
-
You can create a sub 1099-R which should have box 7 filled in with 8. You are in good position to do this bc - 1. Roth is after tax, 2. there is loss and no gai...
-
Yes, it is. Also, I don't think IRS has anything to acknowledge extension.
-
The amount is returned to as your own capital in that company. So only for reporting, no taxes as it is not reported as income in box 1.
-
Some states do have a (useless?) calculation spouse. For example, VA760 form has #17A VAGI-Spouse which shows spouse's portion of total AGI.
Activity Feed for trusharp
- Posted Re: Handling excess Roth contributions with a negative NIA on Get your taxes done using TurboTax. March 31, 2023 1:36 PM
- Posted Re: Handling excess Roth contributions with a negative NIA on Get your taxes done using TurboTax. March 29, 2023 8:50 PM
- Posted Re: If I applied for an extension and received an email from Turbo Tax, is that enough to confirm my extension rather than directly from the IRS? on Get your taxes done using TurboTax. April 18, 2022 9:53 PM
- Posted Re: K-1 info not updating taxes owed (only have box 19) on Get your taxes done using TurboTax. April 18, 2022 9:47 PM
- Posted Re: Is there anyway mine and my spouses AGI would differ if filing jointly? on Get your taxes done using TurboTax. April 18, 2022 9:32 PM
- Cheered Re: What to do If I don't have an employer's state ID number? for LeonardS. April 18, 2022 9:25 PM
- Posted Re: I filed an extension for Federal but when I click on file an extension only federal comes up. I now need to file an extension for State? on Get your taxes done using TurboTax. April 18, 2022 9:20 PM