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Retirement tax questions
Are these the only income on the return? The taxes may not be coming from these entries, so we may need to troubleshoot elsewhere. But let's start with checking to be sure these are reporting as they should be.
You can check to see if the rollovers are being properly excluded (shown only on Line 5a) by previewing your Form 1040. To do this, Select Tax Tools in the menu on the left side of TurboTax. Then select Tools. In the box that pops up select View Tax Summary. Once the tax summary displays, click on Preview My 1040 which will be in the menu on the left.
When the 1040 displays, check lines 5a, 5b to be sure that the amount rolled over is only on Line 5a. While you are there, scan to see if anything else unusual pops out.
If the amount rolled over is on Line 5a, it's not causing the tax.
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