- quote -

The two amounts (gross and taxable distribution) appear in
boxes 1 and 2a respectively on Form 1099R which I received
from the financial institution (custodian).

Cass

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rlewart[at]shell.monmouth.com (Cass Lewart) wrote:

- quote -

Play around with the check-boxes on the 1099-R data entry
form: "Taxable amount not determined" and "total amount".

If that doesn't work, try the free version of TaxAct from
http://www.taxact.com/

The free version is limited but it may give you an idea if
this situation is handled correctly.

--
To reply to me directly, remove the XXX characters from my
email address.

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- quote -

How did you determine that the taxable distribution was
$4,000? This would require that you had previously made
non-deductible contributions to the IRA. Then you would have
to fill out form 8606 to calculate the taxable portion. But
your custodian would not have the data necessary to make
that calculation, and so your 1099-R could not have shown
$4,000 in box 2a.

--
Don EA in Upstate NY

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When I enter IRA distributions during the TaxCut Standard
"interview" the program lets me enter the gross
distributionm, e.g., $5,000 and the taxable distribution,
e.g., $4,000. The program should then transfer these amounts
to lines 15a and 15b of the Form 1040. However, the program
ignores the amount of taxable distribution and enters
instead the gross distribution as taxable distribution on
line 15b. The only way I can fix it is by overwriting.
Similarly, I can not find during the "interview" a place to
enter "Other Income" on line 21. Again I had to overwrite.

When I tried to send email to the support of TaxCut it was
rejected. I guess you can not expect much from a $10 (after
rebate) program.

Cass

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