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Retirement tax questions
TURBOTAX has insurmountable error
It assumes that all 1099-R entries are of the same character
they may NOT BE
some are taxable for the states, some are not
and yet, the worksheet assumes that they are all either one or the other.
it does NOT ALOW me to show some as taxable and some as not, because the identification happens when the WS is opened. The form then assumes that the identification as taxable is for the full amount.
IT is NOT a binary issue.
Is anyone at TURBOTAX listening? Issuer of 1099-r MUST SHOW all entries as one sum as per IRS, on one 1099-R. But tax treatment may vary for different parts of the sum, which the WS does not PROVIDE for.
March 31, 2023
8:12 AM