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Author: JeanDavid Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: line 21 of your 1040 Date: 7/12/2011 9:11 AM
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I use TaxAct to fill out my tax returns.
I have some annuity income that would normally come with a 1099R, but is from outside the US, so I do not get such a form or anything like it. I suspect I could get away without declaring it at all, but that violates my principles, and could get me into big trouble besides. So I put that income on line 21 of the 1040 and pay tax on it.

I did try to bring up a blank 1099R form and filling it out, but it insists on a taxpayer id number and the foreign insurance company has no US taxpayer id, so I could not go that way.

But Tax Act complains and warns me that my refund (and I seldom get one) will be delayed because the amount on line 21 is over $400. I did not get a refund for the 2010 tax year, but I did for the 2009 tax year. As far as I can tell, it was not delayed.

What is this about? I would think the feds would be delighted to get that money reported. Is this a misunderstanding on the part of TaxAct? Or what?
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