Growl :( Our bottom line is TT is mucking up the taxable distribution of an inherited IRA. The cost basis of $0 is the way we've found so far to make nullify the incorrect math. I even posted pictures where TT is claiming number is fields that are not there.
I guess when customers start filing claims for thousands of $ in math errors, they will "wake up" and actually read this thread carefully. Many people are going to not pay attention and go from filing for a refund to owing a fair chunk of change with this one error! I sure did. Hmm.. maybe we can all get TT to pay for this math error they say does not exist - What's their liability limit?
The support team at Intuit better read, and re-read this thread carefully AND PLUG IN their own numbers from multiple 1099-R in an "inherited mode"... to see the problem. Also, having made non-deductible contributions to a separate NON-INHERITED IRA just messes up the cost-basis of that IRA. This is a really basic math. :( Sorry, I had hoped for more than a canned response since we lead them right to the issues. I think the problem needs to be escalated to 2nd or 3rd level support before the mad rush to file begins. I'm still not sure I'll be able to e-File b/c of this error and the red ! Unbelievable.
Stay safe, stay alive. Peace.
