mec0510
New Member

Get your taxes done using TurboTax

I had a RMD for which I received a 1099-R.  Upon entering the 1099-R information, the system allowed me to enter the amount repaid to my IRA.  The system then presented me with a screen that said the 1099-R distribution would not be included in my taxable income (which I expected).  However, the tax I own is significantly overstated.  When looking at the detail "Here's a Picture of Your 2020 Income", the IRA RMD and the Pension RMD shows as taxable.   The totals of these amounts equal the amount that my income is overstated thus causing the overstated tax owed.