Retirement tax questions
@Thomas S wrote:
Yes, I did all that. Answered all those questions just like you indicated. Not working now.
Remember, I said this has been working properly since 2002. And I have been using TurboTax all those years. When I started my 2020 return, I read in the data from my 2019 TurboTax return. After I entered in all my 2020 tax documents (including this CSF 1099-R) everything tied out and the simplified method was being used for this annuity. I had a $573 refund and I was just waiting for TurboTax Form 2210 Part IV to be fixed before I e-filed. After the latest software update, my return now says I have a refund of $1,631. And yet I didn't touch or change anything. Just did the software update and then opened my return. Traced the refund increase to the problem I mentioned above in this thread.
To test things, I copied my TurboTax file over to a "test" file. Then went into the test file, deleted the CSF 1099-R and then reentered it. No luck. Same wrong answer. This used to be OK. Line 2, "taxable amount", on the form actually says "unknown" instead of being blank. I think it says that every year. However, when you enter the data for this form, you cannot type in "unknown" for line 2. It's not numeric. Also, cannot leave line 2 blank or TurboTax fills it in with whatever is on Line 1. Must enter a 0 (zero) for line 2. I took a quick look at my 2019 return and I had to enter a 0 for line 2 on that one also.
I really think a programming change in the last software release is causing this not to work now. However, if you want to give you the exact details of how I entered everything I can. Maybe you can mimic the error.
I see what you mean it does auto-fill box 2a with box 1, however that does not seem to matter when I enter the simplified method, the current tax is calculated and goes on the 1040 line 5b as it should. A blank box 2a is deemed to be the same as box 1 unless it has a lower value in it.
