1. Since I don't actually have the 1099-R for the Distribution, do I need to complete the 4852 that is suggested for when there is no 1099-R available ?No. Remember, none of this is going to the IRS. You just need to trick TT into putting the right numbers in the right 1040 places.2. Box 7, selection 1 is for Early Distribution, except Roth. My situation is a distribution from a Roth IRA, and I'm retired and over 59 1/2. Is this considered early Distribution because I'm taking the last $5K and it has not been in the account for 5 years ? If so, should I be using code J.See #1. (Also remember not to tell TT that you made Roth contributions in the first place.)Finally, does this offset the penalties, etc. from reporting the excess contribution ?I assume you mean whether you avoid the 6% excess contribution penalty. You've already done that, with the exception of reporting the positive earnings on your 2007 return. This takes care of that.Phil
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M