Client (married) was WI resident Jan-Jun 2005, then AR resident Jul-Dec 2005. Husband had $25,000 pension received while WI resident (Jan 2005); wife had $16,200 received -- $6800 WI, $9400 AR.
Husband -- boxes on left would be 25,000 and 25,000 -- column A = 25,000 -- column C = 0.
How does wife's get reported on Line 19B? (For this, let's presume filing status 4). Figure the Gross and Taxable boxes both would be$16,200. But would columns B be $10,200 and C be $3,400? The bulk of my question is how the $6000 subtraction is dealt with on part-year.
Also, Qualified IRA -- husband, age 58, withdrew from his Trad IRA. 1099-R had Code=1, but he says it was set up as SEPP (Series of Equal Periodic Payments) so is not subject to federal 10% penalty (Form 5329). Is this a Qualified IRA (line 19A) or not (line 18). I'm thinking line 18....
Thanks,
Bill
Husband -- boxes on left would be 25,000 and 25,000 -- column A = 25,000 -- column C = 0.
How does wife's get reported on Line 19B? (For this, let's presume filing status 4). Figure the Gross and Taxable boxes both would be$16,200. But would columns B be $10,200 and C be $3,400? The bulk of my question is how the $6000 subtraction is dealt with on part-year.
Also, Qualified IRA -- husband, age 58, withdrew from his Trad IRA. 1099-R had Code=1, but he says it was set up as SEPP (Series of Equal Periodic Payments) so is not subject to federal 10% penalty (Form 5329). Is this a Qualified IRA (line 19A) or not (line 18). I'm thinking line 18....
Thanks,
Bill