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I filed my taxes last month and both my state and federal returns were accepted by the IRS. Today I stumbled upon a 1099-R form that I forgot to file. Here's where it gets complicated… I only filed an Alabama state return because the only jobs I worked in 2023 were in that state. However, I drained my retirement account in…
I submitted my return and realized I had a 1099R Form from a former employee retirement account. They made a distribution on the money I had in there, but didn't know anything about it. I found the check, that's not cashed, but what are my options? Can I forward this to my IRA? I have a Roth and a traditional IRA. Today is…
How do I enter multiple Distribution Codes in Box 7 of a 1099-R? The software only lets me choose one or another from the dropdown menu, but I have two printed in Box 7 of my form..
I followed step by step the Reporting a Backdoor Roth – Basic Scenario but my Roth conversion is not being generated properly. I can contribute directly to Roth IRA with my income(MAGI) but I did the Backdoor to learn the tax filing process. In 1040 its showing 4a. 6500$ and 4b. 6080$. I should not be having any taxable,…
I have a sort of odd 1099-R. Box 1 is $0 Box 2 is $0 (Total Distribution Checked) Box 5 is >$0 Every other box is $0. Distribution code is 1B. FreeTax won't let me fill out the 1099-R. What do I do here? Do I need to add the 1099-R as part of my return?
Hello, For my 2023 taxes, I have both forms 1099R & 5498. When I file my tax return, where and how do I provide my 5498 information? I want it to be clear that I did not contribute beyond the 2022 contribution limit, and that I only made non-deductible & post-tax contributions. Details below: I completed most of my 2022…
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