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Why is line 4a form 1040 not adding IRA income to the other pension income? Line 4a is less than 4b. How can that be?

abearden
Level 1
 
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Just-Lisa-Now-
Level 15
Level 15

If the IRA has the same amount for gross and taxable, the gross amount doesn't transfer to line 4a...could this be what you're seeing?

It worked the same way last year, but pensions and IRAs were on 2 different lines so it didn't look so odd.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

If the IRA has the same amount for gross and taxable, the gross amount doesn't transfer to line 4a...could this be what you're seeing?

It worked the same way last year, but pensions and IRAs were on 2 different lines so it didn't look so odd.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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poolcleaner
Level 9

It doesn't sound as if it fits, but is it possible that there is a basis in the IRA?  Look at Form 8606 to see if that is the problem.

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