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Mathematics, 13.12.2019 22:31 graay0817
Carlos (35) is single. he changed jobs during the year, and when he left his first job, he decided to take a distribution of funds from his 401(k). he used the funds to make a down payment on a new car. the taxable amount of this distribution, reported in box 2a of form 1099-r, was $15,000. there was a code 1 in box 7 of the form 1099-r. carlos's only other income during the year was $40,000 in wages. complete a schedule 4 (form 1040), other taxes, for carlos. you may also need to complete form 5329. additional taxes on qualified plans including iras) and other tax-favored accounts.
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Carlos (35) is single. he changed jobs during the year, and when he left his first job, he decided t...
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