marklobo
New Member

Get your taxes done using TurboTax

My AGI was reduced when I entered an amount in the Step-by-Step box on the screen "Tell us How Much You Contributed" in TurboTax Home and Business 2019. However, since I made the contribution after 1/1/20 I entered that amount in the second box, and the AGI reduction went away. Does it have something to do with having withdrawn that amount in excess of the minimum  during 2019? Or is it because I turned 70.5 on 1/16/2020? My tax advisor can't figure it out either, and I've been unsuccessful mining IRS publications. What is going on in TurboTax?