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Level 2
posted Mar 1, 2023 7:12:37 PM

Online Turbotax reported in Line 1 1040 more than my W2 for 2021

Hi,

When filing tax 2022 and as I have issue for 1099-R, I noticed that when I filed my 2021 tax, Turbotax added 1099-R [Box 7 code is 8] on top of W2 and reported in Line 1 and not reported 1099-R in its right places. Could you help me what should I do and who I shovel contact in Turbotax?

 

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1 Replies
Level 15
Mar 1, 2023 11:48:16 PM

with code 8 Turbotax probably reported the 1099-R correctly on line 1. here's from 1040 instructions for line 1 from 2021

• Corrective distributions from a retirement plan shown on Form 1099-R of excess elective deferrals and excess contributions (plus earnings). But don’t include distributions from an IRA* on line 1.

 

 

 

do nothing.  if you filed timely, you would have probably heard from the IRS by now if there was an issue