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Retirement tax questions
Update on this. I think I have found the bug.
As you go through the screens, TT ask if you had non-deductible IRA contributions. If I answer that question with NO, it takes only 1/3 of the distribution as taxable.
However, if you had non-deductible contributions tracked on Form 8606, TT transfer the full distribution amount less the adjustment for 8606.
Is Turbotax following this forum or does anybody know how to report this officially to TT to fix?
‎February 26, 2021
7:41 AM