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IRA & Pension Distributions


Christian

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I am finishing up. Will someone refresh my recall on why on entering IRA and pension distributions I need to delete the IRA checkbox to get the program to correctly show the total distributions  on line 4a and the taxable amount on 4b. I know that cannot be exactly right and for the life of me can't remember the correct way to enter the info or was this an error on ATX's part corrected in later updates? Down to my last three returns. 🥳

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We discussed this some time back.  I'm not sure why but the new forms don't require the same numbers on 4a as they used to.  If you go to the worksheets/statements, you can see the different amounts correctly.  I think you still mark it IRA in the checkbox.  It just doesn't show up on 4a.  I print out the statements showing all the accounts on 4a and 4b for me and the client.  Who knows what the new forms for 2019 will do with this.

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I recall and having time to rehash it I remember that they combined the IRA and pension lines from the former Form 1040. On the IRA line only the taxable amount was shown whereas on the pension line the gross and the taxable were shown even if both numbers were the same. This accounts for the seeming error. Thanks for your input.

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