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Retirement tax questions
Hi Joe,
Thanks for your screenshots and explanation.
I tried to re-do it, but it's still adding up tax due. Interestingly, after I input the 1099-R, although the next screen says "Good news: You won't owe extra Tax on This Money", but in fact, the federal tax owe number got increased for more than $1k. Looks like TurboTax still treats this (or part of this) as taxable.
I haven't solved my problem yet, it should be very straightforward, but something got wrong here.
‎April 22, 2021
1:24 PM