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Enter value of your 12/31/2022 IRA and Refund GOES DOWN!
I'm significantly over withheld and have taken my IRA RMD. So, Turbotax shows a nice refund as I enter the data. But, when I answer & enter my "12/31/2022 year-end IRA balance" (with very tiny "non deductible" carryover from prior years), the refund displayed suddenly goes DOWN. What does a yearend 2022, IRA balance carryover, have to do with 2022 refund? Glitch in program? Or some logical/obvious data-entry error?
‎April 3, 2023
3:06 PM