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Is there an error in Turbotax when entering non-taxable distributions from an inherited Roth IRA?
I entered a $79,000 distribution from an inherited Roth IRA that should be non-taxable into turbotax - and my tax due number jumped by $19,000. Is this a bug? My understanding is that the distribution should be entirely non-taxable as the original account holder contributed to the fund for more than 5 years and would be over 65 now.
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‎February 11, 2022
8:18 AM