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Retirement tax questions
I didn't notice this "bug" in Turbo Tax until after I had filed my return. All of my IRA distribution went to charities. As a result, Turbo Tax reduced my basis by the full amount of the distribution. My 2020 return is correct, but for 2021 and beyond, my basis will be lower than the correct amount by the amount of my 2020 distribution. How can I correct this if I want to continue using Turbo Tax and continue to import the history for my 2021 return?
March 18, 2021
9:49 AM