corinne91
Level 1
2 weeks ago
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I have a new client, she withdrew $33,000 from her IRA, then put back $22,000 within 60 days so she should only be taxed $10,000 where can I put this information to reflect this transaction. Appreciate your help
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Level 15
2 weeks ago
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Scroll down the 1099R worksheet, you'll find a Rollover section.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
corinne91
Level 1
2 weeks ago
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Thanks,
Can you tell me if I should put in $22,000 or $11.000 in the rollover section, its so simple I am sure. Thank you
IRonMaN
Level 15
2 weeks ago
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Sometimes it's faster to run with scissors than waiting for someone to post an answer. Try putting the $22,000 and then try putting the $11,000 into the worksheet. Which amount ends up showing the correct amount as taxable?
Slava Ukraini!
Level 15
2 weeks ago
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Doesn't the line ask for the amount that was rolled over?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪