skirico
New Member

Retirement Savings Contribution Credit Defect on 2024 Turbo Tax

My 401K distribution from 2023 was carried over into 2024. I rolled this distribution into a rollover IRA. Although I indicated that I did not receive the distribution, the software still used that distribution to deny me the credit for my 2024 return. Per IRS Form 8880, calculation should not include distributions not taxable as the result of a rollover. I had to manually override the amount in the form.