@susielane wrote:
TurboTax cannot handle an OPM 1099-R. I have used Turbo Tax for several years and I always spend more time on this entry than the entire form. Even if you get past the "needs review" stage (which sometimes magically goes away), TurboTax will NOT use the correct taxable amount. They will use a slight lower amount than that in box 2a resulting in you paying less taxes than required.
TurboTax asks if you use the box 2a method or the simplified method that WILL result in a lower amount of tax - that is what the simplified method is for,
See publication 721 page 6 for an explanation.
https://www.irs.gov/pub/irs-pdf/p721.pdf
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
