My TurboTax Token Number is 1246420. I have encountered a bug. My wife and I each contributed $7,500 to an IRA. I entered this information into turbotax. However, when it processed my information it disallowed my ira because my annual earnings were over the maximum allowed. It generated form 8606 to indicate my $7,500 was nondeductible. However, it failed to add the $7,500 back into my taxable income. Therefore my taxable income was understated and my refund was overstated. My refund should have been $4, 755 but turbotax generated a refund of $6,405.
