I use Turbotax Home and Business. After completing my 1099-R form, I noticed my IRA distribution of was $32,000 higher than I entered, and a Pension Distribution Taxable amount of 499.00 for a Pension distribution I did not enter. Very Strange.
On the 1099R form I entered everything correctly:
Gross Distribution
Taxable amount
Taxable Amount not determined (X)
Federal Income Tax Withheld
Distribution Code (7) - Normal
IRA/SEP/SIMPLE (X)
State Tax Witheld
State CA
State distribution Amount
On Form 1040:
line (4a) IRA Distribution amount is blank
line (4b) taxable amount is $32,000 more than the distribution amount
line (5a) pensions and annuities is blank
line (5b) taxable amount [of line 5a] is blank
In the 1040A worksheet, the explanation takes me to a form that says IRA distribution explanation, which is essentially blank
so how do you explain the $32,000 variance in distribution amount between the 1099-R worksheet and the 1040 Form and worksheet, and where did the Pension distribution amount come from at all?
