Husband changed employer. Rolled profit sharing 401k into a Traditional IRA. Got a 1099 R for a total distribution, got a second 1099R for repayment of a small loan we took against it several years ago. We took a distribution when we rolled it over, the other investment firm gave us a 1099R for the distribution. We did not pay the taxes that we knew we would have to pay on part of it. When I put all 3 1099R forms into Turbo Tax it adds them together as if our fund was larger that it is. The total rollover was $196,000, loan repay was $2,700, distribution was $40,300. Turbo tax shows the total as all 3 together and it appears we are paying tax on all as it jumped to owing $14,000 even though parts of our distribution are non-taxable (education and health care). What is the fix to this?
