@DavG wrote:
No, it doesn't. TurboTax Desktop goes through the process in the Income section and shows only 1/3 being included in taxable income - but when you get to the end of the Federal Tax section, it shows the ENTIRE distribution under "Taxable Income". This is an Error. How do I fix this?
The summary screen it gross income (The 1099-R box 1 amount as required) not taxable income. Taxable income is on the 1040 form line 4b or 5b depending on the type of account.
**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.**
