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Get your taxes done using TurboTax
Yes. Once I checked the IRA box on my 1099-R my taxes immediately calculated lower. The "Your incomed exceeds" statement did not affect anything.
I imported my 1099-R with my IRA information from Betterment and it didn't check the "IRA" box so TurboTax software thought this was for an 401k roll over instead of a IRA roll over.
March 2, 2022
5:50 AM