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Get your taxes done using TurboTax
TurboTax Deluxe 2020 does not correctly handle a Form 1099-R which represents an RMD from an inherited IRA that is not actually an RMD and was rolled over because of the CARES Act.
This is an image of my Form 1099-R Smart Worksheet. Please note that line 7 which is supposed to be a the value from line 1c says -4,342 instead of 0. This cascades an error through my federal form (by deducting too much from my income) and into my Illinois form, which TT20 finally caught in the error review phase.
March 15, 2021
1:16 PM