- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
I had the same problem and no matter what I did my returns kept getting rejected related to 4972. I called Turbo Tax and they had no clue - I did what they suggested and nothing worked.
Finally I found someone who found the problem. An unknown entry on one of the 1040 schedules - I think Schedule 3 line D3? Somehow a number - in my case $325 was there and this is on the line for taxes from a final lump sum distribution which is what 4972 i for. I zeroed out that number and I refiled again and this time it worked.
It has to be a turbo tax bug - my guess is from the auto import of broker info - but I am not sure _ All know is I have no idea why that $325 tax was there.
‎April 14, 2022
4:15 AM