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Get your taxes done using TurboTax
Digging a bit deeper, it appears to me that TT is double counting the taxable distribution from my 401(k).
My 1099-R from Empower has an amount in Box 5 that when subtracted from Box 1, shows up in the TT 1099R Summary Line 31. But this 1099-R also has an amount in Box 2a, which also shows up in the TT 1099R Summary Line 26. These two amounts are summed and then show up on the 1040 Line 5b, effectively double counting the taxable amount shown on the 1099-R. The only number that should wind up on the 1040 Line 5b should be from my 1099-R Box 2a, the taxable amount calculated by Empower.
yesterday