mhv
New Member

Retirement tax questions

I wish I would have read your message back in March 2019.  My taxable Ira distribution were entered correctly.  Then on the IRS website it showed my transmittal as 0.00 for total IRA distribution figures for line 4a and line 4b. This caused the IRS to change all my taxable figures including my social security tax.  I ended up getting an refund check from the IRS dated March 2019. I called the IRS the woman on the phone said I was due the refund by the figures that they showed.  Of course I called Turbotax who stated they had no issues.  Then August 2020 I receive another letter from the IRS stating I did not claim the IRA distribution.    I now have to pay interest and the Substantial tax understatement penalty of $1168.00.    I  have always done my taxes with Turbotax online.  If I was told in the beginning how to correct this issue, I wouldn't have had such a mess to deal with now.