DebiHCPA
Level 4
04-07-2023
12:04 PM
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This is what I did:
1. IRA contribution worksheet - line 19 $6000, line 25 6000.
2. 1099R worksheet - Line 1 - Gross dist 6166, line 2a - taxable. Had to make distribution code equal to 1. Checking any combination of the boxes on A1 to A5 did not work.
3. Form 5329 - put the taxable on line 1 code U - corrective distributions made on or after 12/29/22.
Result was 5a Form 1050 - $6166, 5b $166 and no penalty.
Best I can do within the confines of the program. Called the support line but they had no answer.
I believe this is the proper result. Let me know if someone thinks I am wrong.