- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
taxable portion of retirement distribution
I received a CP2000 IRS notice about my 2021 return. In reporting my retirement distributions on my tax form, TurboTax entered a value for the taxable distribution amount that was considerably less than what I had entered from my 1099-R, leaving me liable for a significant late payment plus penalty and fees. I looking at my other years' filings, I found that TurboTax did not do this in 2019, but did it in 2020 and 2022. Perhaps I entered something incorrectly, but I don't see how. Why would TurboTax think that some of my retirement distribution was not taxable, and especially, why would it do that without explicitly telling me?
‎July 21, 2023
1:44 PM