- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
After working with the Turbotax Support team yesterday, it was determined that the application made an error in how it interpreted a response to the IRA distribution response. Although I selected "no" to the question about the distribution being used for Qualified Disaster, Turbotax generated form 8915 anyway, which caused the application to overstate the distribution. This was a significant error because the net result was a steep overstatement of my income level, underpayment of tax due. The net result was a $14 thousand dollar refund owed to me. This same thing happened to us for both 2021 AND 2022 returns. IMHO, Turbotax should compensate me for lost interest on $30K at a minimum.
‎April 18, 2023
8:42 AM