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Retirement tax questions
I think Turbo Tax has a real problem with this section. I retired in 2005. I used Tax Act since then. 2018, Tax Act screwed me by accepting my money plus my e-file charge and notified me a day later that the e-file was rejected. I missed that notification. So now the IRS got my check because I owed taxes, but not the Return. That was really fun straightening it out with the IRS--no help from Tax Act..I changed to Turbo Tax this year and have run into this CSA 1099R problem. I entered Box1 as Gross Distribution and Box 2a as" Taxable Income". Turbo Tax shows the Gross Amt as my income and will not allow me to correct it..They ask ridiculous question such as "Did you take all of this as an RMD"...This is my pension, NOT an IRA.
March 17, 2021
7:34 AM