taxshack

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Level 5

About

I was inducted into the industry at an early age. My mother used to make the family form an assembly line to put together tax folders and annual client letters when getting ready for tax season. I've done this my whole life and they'll probably find me face planted on my desk when it's time to go.

Link to Website

Products

ProSeries Tax

Experience: 25 years

Details

Expertise

Eclectic

State proficiencies

Multiple

Language

English

Activity Feed

Posts
Replies

Re: K-1 for S Corp not ready fo file message Proseries basic

I do. So unfortunately we just have to wait a couple more days. Hopefully it doesn't change again.

taxshack

1

Feb 19, 2024
Re: Where do I enter a 1099QA from ABLE account?

I'm happy I was able to give you the answer. Good luck with the final stretch of the season.

taxshack

Apr 17, 2023
Re: Early disabled Roth IRA distribution

Yay! I'm glad that was the answer.

taxshack

Apr 17, 2023
Re: Where do I enter a 1099QA from ABLE account?

Only earnings are taxed. I suggest looking at pub 907 in the section on Able accounts for a good overview.

taxshack

2

Apr 17, 2023
Re: Where do I enter a 1099QA from ABLE account?

Enter the taxable portion of the distribution on the Other Income Statement on line Q. Then enter it in Part II of form 5329.

taxshack

4

Apr 17, 2023