yeknod
Level 3
12-07-2019
01:17 AM
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TP had 39K stolen from his retirement account. I have it entered on the Worksheet and the numbers transfer to the 4864 and line 12 is $38,900 but line 17 and 18 or not calculating.
I checked box 3a (Personal) on the Worksheet. Should I have checked business? When I check business it calculates. Is an IRA considered an income producing property?
Any Suggestions?
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Just-Lisa-Now-
Level 15
12-07-2019
01:17 AM
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Casualty losses were taken away for 2018 unless they were due to a federal declared disaster area.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Ernie
Level 9
12-07-2019
01:17 AM
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I believe that money stolen from an IRA is not deductible until all IRA's have been closed out.
rbynaker
Level 13
12-07-2019
01:17 AM
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Did they issue a 1099-R?