teamdk
Returning Member

Retirement tax questions

Thanks, now I realize that it looks like Turbo Tax double counted the amount of money I returned to my IRA in 2020, due to the CARES Act, allowing us to return money beyond the 90 days.  

 

For ease of review.  I took out $160,000 and put back $60,000.  All due to COVID - it Turbo Tax shows that $40,000 is taxable instead of $100,000.  How can this be?