Thanks. Your suggestion is right on and I just checked.
My 2023 Turbo Tax year 1040 line 4b is smaller than 4a. Line 4b is about 2/3 bigger than 4a.
Remembering and verifying bank statements in 2023 I did on the same day a one day IRA rollover hand carrying the IRA check XYZ dollars from what I will call bank P to the bank T creating a rollover IRA in bank T with the exact XYZ amount.
Now reopening my 2024 Turbo Tax program to what it calls, "Picture of Your 2024 Income" comparison chart of 2023 to 2024, the 2023 "IRA Distribution - nontaxable" amount matches exactly the XYZ dollars transferred to the bank T's rollover IRA created on that rollover day. The 2024 Turbo Tax program is pulling and showing that exact XYZ amount in the 2023 "IRA Distributions - nontaxable" for 2023. Makes me feel uneasy, it’s a fair amount of money.
I have 1099-R from both banks, the 1099-R gathered a bit of interest before they were issued.
Why is the 2024 turbo tax program showing it as "IRA Distribution - nontaxable, it’s still in an IRA in bank T. Why does it show up at all? Is the problem in the 2023 tax year or the 2024 year?
I sure appreciate your help
