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What Goes In Line 12A On 1040? [Solved]
Line 12a reports the total amount of the distribution and line 12b reports the taxable portion, if any. Next to line 12b, write “rollover.” If you’re rolling the money from one tax-deferred account to another, such as from a 401(k) to another 401(k) or traditional IRA, the entire rollover is tax-free.
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What does 12a mean on tax return?
00:00 - What does 12a mean on tax return? 00:42 - Can you claim
CALCULATE: Completing a 1040
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