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Tuckerd3800
Returning Member

Incorrect Amount Refunded by IRS

IRS refunded wrong amount (less than filed for).  What should I do now?

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2 Replies
ee-ea
Level 15

Incorrect Amount Refunded by IRS

Wait for a letter. Give two weeks from deposit. 

Tuckerd3800
Returning Member

Incorrect Amount Refunded by IRS

I now see online the reason that they changed the amount.  They disallowed the amount of money that I reversed as an RMD in 2020.  Per Fidelity I should not be paying taxes on this amount but the IRS begs to differ.  They say I 'contributed' too much because of the reversal.  I tried the solution of deleting the 1099-R and manually re-entering it and made sure I said none of it was an RMD and it still wants to claim that the reversed amount that was 'contributed' in 2020 is too high and therefore ineligible for a cotnribution so it is taxed.  This reduced by refund by over $1000.  Solutions anyone???

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