Thank you for your detail. With it I was able to reproduce the 1099-R Summary issue. I am not sure about the interaction of the 8606 and this HFD. (HFD = HSA Funding Distribution, or an IRA amount transferred to an HSA).
I would guess that TurboTax is putting the negative number on your 8606 because of the duplication of your distribution on lines 1a and 1f on your 1099-R Summary, which causes line 2 to be a negative number. The same number is subtracted twice.
As you can see on line 7 of the 8606, the instructions are "Enter your distributions from traditional, traditional SEP, and traditional SIMPLE IRAs in 2024. Do not include rollovers (but do include certain 2024 retirement plan distribution repayments treated as rollovers (see instructions)). Also, do not include qualified charitable distributions; a one-time distribution to fund an HSA; conversions to a Roth, Roth SEP, or Roth SIMPLE IRA; certain returned contributions; or recharacterizations of traditional IRA contributions", so the HFD should not even appear on line 7 - well, the distributions shouldn't be a negative number either.
OK, what I don't know is the role that your 8606 plays in this. To save me a lot of time, could you do me a favor?
Would you send us a "sanitized" version of your return. "Sanitized" means that all personably identifiable data is removed so that we have no idea who you are.
You do not have to sanitize the return, because the process of creating a token (an entry into our data base that points to your sanitized return) invokes a process which removes all personally identifiable data.
To give us a token, please do the following:
Online
- Log into your TurboTax Online tax return
- On the left, click on Tax Tools
- Under Tax Tools, click on Tools
- In Tools Center, click on Share my File with Agent
- TurboTax will give you a “token”, a 7-digit number or 25 digit number
- Post the token number in this thread
- Be sure to add to that post “@” “billm223” (without the space in between) so that I will be notified
Desktop (Windows)
- Open your return in the desktop product
- Look along the top and click on Online
- Click on Send Tax File to Agent
- TurboTax will give you a “token”, a 7-digit number or 25 digit number
- Post the token number in this thread
- Be sure to add to that post “@” “billm223” (without the space in between) so that I will be notified
Desktop (Mac)
- Open your return in the desktop product
- Look along the top and click on Help
- Click on Send Tax File to Agent
- TurboTax will give you a “token”, a 7-digit number or 25 digit number
- Post the token number in this thread
- Be sure to add to that post “@” “billm223” (without the space in between) so that I will be notified
This may save us a lot of time in recreating the issue, and it insures that we will be working on your issue.
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