BolderBoy wrote:Magnetar wrote:dbr wrote:Covered will mean eligible as indicated by the check box on the W-2.
So, that means I am losing a $5000 IRA deduction because she made $425 in wages?
Yes. That is the Catch-22 I was referring to.
dbr wrote:Covered will mean eligible as indicated by the check box on the W-2.
SobeCane wrote:What's the penalty on taking any leftover money out of the 529 plan after the youngest kid is done with school?
livesoft wrote:The IRS will not argue with you if you report your cost basis as $0.
tomd37 wrote:The 1040 is not to be included with the mailing of the 1040X. The 1040X takes the place of the 1040. Attach other forms and schedules that are being changed as well as W-2s etc.