I'm attempting to amend my 2024 federal/state returns to account for an incorrect IRA distribution. Both returns were accepted and processed some time ago.
Part of the IRA distribution was nontaxable, but on the original return I listed it as all taxable. The correction should result in a considerable reduction in gross income. However after correcting the relevant 1099R input, there's no change in income or taxes listed in the final 1040X summary.
Any ideas what's wrong with my process or the software?
