qbteachmt
Level 15
03-30-2022
02:36 PM
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I wonder if you need to force an Update of ProSeries. Form 5329 instructions:
"05
Qualified retirement plan distributions up to the amount you paid for unreimbursed medical expenses during the year minus 7.5% of your adjusted gross income (AGI) for the year."
"President Trump’s Tax Cuts and Jobs Act allowed taxpayers in 2017 and 2018 to deduct the total amount of medical expenses that exceed 7.5% of their adjusted gross income (AGI). This threshold was originally scheduled to go up to 10% of AGI in 2019, but the 7.5% of AGI has been extended to tax year 2021."
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers