@philipwl wrote:
TurboTax does not calculate 1040 Line 4b correctly if there are two IRA COVID distributions to report. Until TurboTax creates a software fix or other workaround for this error, and to maintain an accurate "Federal Tax Due" result, a temporary bandaid is to include the second IRA distribution as "Other Common Income" in the 1099-MISC income section. Not sure how IRS will like that one if a TurboTax correction is not available before April 15!
What is different on the 2nd 1099-R? What is the code in box 7? Is it for the same spouse?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
