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Returning Member
posted Mar 12, 2021 6:03:21 PM

Incorrect Amount Refunded by IRS

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

0 2 231
2 Replies
Level 15
Mar 12, 2021 11:35:50 PM

Wait for a letter. Give two weeks from deposit. 

Returning Member
Mar 13, 2021 4:00:10 PM

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???