Good Afternoon,
Using 2024 turbo tax(Have always used turbo tax). Employed until Aug 2024, had to leave the job for unpaid internship to become a counsellor and part of the college degree. I rolled over all the 401(ROTH and employer) to my Edward jones as roth IRA. Received 2 1099-R from the company's Investment firm(TROWE) one had 7710 in Line 1 and in line 5 6979 and code H in line 7(not sure why, it should all be roth ira), the next 1099 R had 3830 in line 1 and same in 2a, first part of 2b un checked, the second part total distribution checked, line 7 had code G. I received one 1099R from my edward jones with box 1 & 2 with 4563 (that is 383 plus (7710 - 6979=731) which comes to 4561 (I excluded cents) I can live with that. However when I import 1099R, Turbotax calculates tax on 4561 plus 3830. i tried answering all combination of questions. I think I should be taxed only on the amount $4563 not on 8391. in 1040 line 5b it says rollover and $3830 and also it says in line 4b with $4564 effectively adding the money I did not have. Am i doing something wrong(Maybe not answering a question). How can this be corrected. The only other solution is to take it to a tax preparer, however I already bought the software. Can some experts shed some light. I 100% sure I dont have that extra money, I dont want IRS to think i had that and audit. Thank You very much. Sorry for the long message, wanted to give as much info as possibble.
