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Get your taxes done using TurboTax
Following up on my post from last year. I did end up entering excess deferred for 2023 taxes. I just got the 1099 R from the 401K. Compared to what I reported, it's a $17 loss (vs $15 from my initial post).
Question is, 1) do I NOT enter in this 1099R at all in the normal "retirement" section of Turbotax 2024, since it seems to bump up my whole taxable amount this year when I enter it?
2) Then do I ONLY just follow original guidance to claim my $17 loss in the "less common income (loss)" section as originally guidance suggested?
3) also do I HAVE to report the loss? Just don't want to cause more of a mess for $17, but if it will lead to more accounting deltas in the future, I might as well add in the loss?
Thanks in advance for any additional guidance!