I got the same message as above in the audit risk section of TurboTax Home and Business. The statement is NOT true. The income was over $3,000 as shown on the 1099-R. The taxable portion is the same amount as shown on the 1099-R. My employer withheld 10% for taxes. The roughly $300 withholding is shown on the 1099-R. Yet, I get the audit risk flag.
When I put $0 for the withholding, the audit risk flag disappears and I am left with low audit risk.
I think there is an error in the Turbo Tax program. I'm going to put the withholding back in, ignore the audit risk flag and file my return now (extension previously filed).
Turbo Tax should fix this so that you don't raise our blood pressure more than necessary!
HoagHaven.
