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April 14, 2024
Question

On some page they ask what your ira balance is. where is that?

  • April 14, 2024
  • 1 reply
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not sure why they need to know this, but I need to go back to that page

1 reply

April 14, 2024

If you have entered a Form 1099-R reporting a distribution from a Traditional IRA, be sure that you checked the IRA/SEP/Simple box when you entered your Form 1099-R showing the distribution.  Then, as you go through the follow-up questions, you should see the question regarding the total value of all of your Traditional IRAs.  That information is needed to calculate the taxable portion of your distribution.

 

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