Announcement

Collapse
No announcement yet.

Retirement sqavings contributions credit

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Retirement sqavings contributions credit

    Does tp qualify for retirement credit when they had a distribution from 401K. Code 7, Ira box not check. My softeware is giving it to them but I am just not sure it is correct. I can't find an answer in any of the pub's or tax book. Thanks in advance for any help.
    Tags: None
    #2
    must reduce

    Reference Pub 590, ch 4, "Reducing eligible contributions." You gotta reduce the contribution by 401(k) distribution amounts.

    Comment

    Previous template Next

    Disclaimer

    Collapse

    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

    Working...
    X