I'll reply to my post above. Turbotax Premier 2024 gave me three copies of Form 1099-R for my two IRAs. I downloaded the two 1099-Rs into Turbotax from my stock brokers' website (Charles Schwab) and also received them in the US Mail. After running Turbotax I saw three copies of the 1099-R, listed under the "Forms" option. Two of them referenced my personal IRA, but one of them was not complete (my personal IRA). These two both referenced the same Account Number. One of them showed the State distribution as the total value of the IRA. The other was blank. The one from the inherited IRA showed in. box 15 a payer's of 1737782, the two from my IRA showed the state only (UT) , but no state number. This number doesn't have enough digits. Not sure why I have three copies of this in Turbotax, as l only receveived two in the mail.
This is very confusing to me. Turbotax has stopped flagging an error and I'm not sure why the second 1099-R for my personal IRA shows the total Gross distribution in box 16, State Distribution. Just checked to see if there is an update to Turbotax and I have the most recent version. I think there is a problem in Turbotax in processing the downloaded 1099-Rs.
Maybe it doesn't matter. l want to do my tax return correctly and do not want to have an IRS audit. It now passes the Turbotax error check. I have to file an extension because one of my K-1s is late. I can't file my final return until after that K-1 is entered and the limited partnership's accountant says it won't be here until July. So much for the deadline to deliver the K-1s.
Sorry for this additional detail. Really confusing to see three copies of the 1099-Rs where there should only be two. If anyone has waded through all of this, I'd appreciate some advice. Really don't want to have to file an amended return later. I suspect that there are still bugs in Turbotax Premier 2024.
Veehbj
