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J
jctax
Level 3
March 2, 2021
Question

IRA Distribution

  • March 2, 2021
  • 2 replies
  • 9 views

When would there ever be a time a Traditional IRA distribution is entered with taxable income but is not included in income?

 

This topic has been closed for replies.

2 replies

sjrcpa
sjrcpa
Level 15
March 2, 2021

1. User Error

2. Total distribution and basis is larger.

3. You're using Basic and the 8606 and it's broken.

The more I know the more I don’t know.
    J
    jctaxAuthor
    Level 3
    March 2, 2021

    1.  Not user error.  I triple checked then deleted source document and re-entered it.  Same result. 

    2.  Basis is not larger.  

    3.  I am using Basic.  The 8606 is not working correctly?  I have checked all worksheets.  

    Not understanding why Line 4B would be zero.

    Thank you for your help.

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