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- I have a client with a form 8915-F included in his return that also has a current year distribution. After completing the 8915 F the current year distribution is not calculating as taxable. How do I...
I have a client with a form 8915-F included in his return that also has a current year distribution. After completing the 8915 F the current year distribution is not calculating as taxable. How do I fix thes?
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d371
Level 1
03-25-2022
11:18 AM
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Current year 1099R is not generating taxable income. Only the repayment for the 2020 distribution is calculating on the 1040.
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Just-Lisa-Now-
Level 15
03-25-2022
11:37 AM
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I freaked out about this yesterday, but it was an error on my part.
Make sure youre not putting the 2020 Covid distribution in on the 8915E as a 2021 distribution....you only want to put the total at the top in the Smart Worksheet, then scroll down to either Line 12 (non IRA) or 26 (IRA) to input the 1/3 amount of payment, that should transfer the amount to the 8915F and make your taxable lines on the 1040 correct
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
