Member Since August 16, 2008 , From zimmerman, United States
miracles do and can happen
About penny729P:

My hobby is sewing and quilting, painting, flower arrangement, anything crafty.  Have a sewing room and keep very busy there. 


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Recent Activity by penny729P

Asked: Lump sum dist. on IRA

I took a lump sum distribution from my IRA to help my daughter out. Now when I do my taxes, this amount puts me in a position where I have to pay taxes on SS. I took quite a loss on this IRA - is ...

Answered: Is there a stimulus tax refund like last year for ...

It is my understanding that those on medicare and medicaid will receive $250 in the form of a separate check from their monthly check and it will come the same way, either by mail or deposited in ...

Asked: Federal tax form 4972

I asked this question several days ago but have received no answer and will try again. I cashed in an IRA (total) (am 81 yrs. old) and am hoping I can show this on form 4972 as it will be ...
  • Posted 4 years ago

Asked: Ira surrender

I surrendered (cashed in) an IRA (the entire amount) and federal taxes were with held. My age is 81. Can I enter this on schedule D of federal tax form. Do not want to show it on front page of 1040 ...
  • Posted 4 years ago

Answered: Taxable Income Table for Roth IRA rollover?

Sorry, guess I was misinformed. The information I received was that you had a choice on whether it were taxed now or when distributions made.

Answered: Taxable Income Table for Roth IRA rollover?

If you rolled over your pension within 60 days of distribution, there should be no tax involved - not until you receive distributions from the roth account

Answered: Interest deduction income tax

thanks goldengopher for your answer to my question re. deducting interest paid on a car loan. Kinda thought you could not claim the interest but wanted to be sure penny

Asked: Interest deduction income tax

can interest on car loan be deducted on fed tax form
  • Posted 4 years ago

Answered: What are post tax dollars?

Hi tennisguy Thanks for the meaning of "post tax" You confirmed what I thought - been working on income tax and my head is getting "loopy" with all the figures. Thanks again. Penny

Asked: What are post tax dollars?

what are post tax dollars?
  • Posted 4 years ago

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