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chuckbak
September 17, 2019
Question

My 2017 irs form 1040a lines 12a an 12b what calculations are used to get the dollar amount on 12 b

  • September 17, 2019
  • 1 reply
  • 0 views
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1 reply

macuser_22
macuser_22
Employee
September 17, 2019

12a/b is retirement income other than IRA's reported on a 1099-R. in the retirement interview.  12b is the taxable part  - if it is all taxable then 12a can be blank.

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
VolvoGirl
VolvoGirl
Employee
September 17, 2019

Line 12b can come from 1099R box 2a or how you answered the follow up questions after entering the 1099R.  If 12b is less than 12a it usually means you said you made after tax payroll deductions to your 401K.  

C
chuckbakAuthor
September 17, 2019

I dont understand the last part of your answer.

"If 12b is less than 12a it usually means you said you made after tax payroll deductions to your 401K. "

My 12 b is smaller then 12a but my income is by way of Pensions an one 401k  I didnt pay tax on my payroll deduction?

What calculations do they use to come up with the $$ for 12b ?

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