Thank you so much for your reply. Just for my personal peace of mind, so if one's taxable income (after all deductions are taken out) is exactly$48,350 or above...
@NCPERSON1Thank you for your reply, yes I'm referring to rule of 55 early distribution from 401k with no penalty (tax is due regardless) and specifically my que...
@fanfareI totally get the mechanics of how to overwrite an incorrectly coded 1099-R and force an exemption at the time of filing but that could likely trigger I...
Did you plug the code in box 7 into TT correctly? That would be how TT will account for the penalty or no penalty; what was the code anyway? and yes if the 1099...
I'm also finding it incredibly invigorating that W-2 high earners have literally zero way to mitigate taxes by diverting pre-tax income; it's as if the code is ...
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