You will need to change the amounts in Column A to match the amounts from your original tax return. If the box is not checked, check it.Ħ Now it s time to handle Column A on the Form 1040X. Scroll down to the Taxable 2 Year Spread Smart Worksheet 2.
If you are amending for the spouse s pension conversion to a Roth IRA, click on Form 8606-S. On the left side of the screen, scroll down and click on Form 8606-T. To change the recalculated return back to match your original return, follow these steps: 1. If you are satisfied with the way your original return is showing your choice of time to pay the tax, you still need to amend the return to correct Form 8606, Part III (2010 Rollovers from Qualified Retirement Plans to Roth IRAs.) You should amend as soon as possible but do not have an Apdeadline. If your original return showed the tax not included in 2010, the recalculated return shows the tax paid to be paid If you want to accept the new recalculated return, you need to amend your return prior to April 18, If you accept this amended 1040 return, scroll down to the instructions titled Now it s time to handle Column A on the Form 1040X.
If your original return showed paying the tax in 2010, the recalculated return shows the tax not included 2010 and expected to be paid in 2011/2012. If the amount you converted to a Roth IRA account is included on Form 1040, line 16b, the return shows you paying 100% of the tax in If the amount isn t included on Form 1040, line 16b, the return is assuming that you are going to pay 50% of the tax in 2011 and 50% in If you open your tax return after filing, TurboTax automatically recalculates (changes) the return to fix it and reverses the time frame to pay your tax. For the return you filed, TurboTax reversed your choice of when to pay on the original return. Check box A for Line 1-22ĥ For your 1040 return, you had two options on when to pay the tax on the amount you converted to a Roth IRA account: 1) Pay 100% of the tax on your 2010 tax return OR 2) Pay 50% of the tax on your 2011 tax return and the remaining 50% on your 2012 tax return.
#Saving tax returns turbotax for mac manual
On the Form 1040X, check the box for Scroll down to Manual Selection of Lines Calculated Smart Worksheet. In the type a form name box, enter 1040X and double click on Form 1040X:Amended Tax Return 6.
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