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Retirement tax questions
I'm having a similar issue. In 2024 I did a direct rollover of an employer sponsored 401k to an IRA (Roth account for the Roth contributions and traditional account for pre-tax contributions) and TT is indicating an additional tax of $249 on "IRA distributions." On my review page I see the summary, "After applying your deductions, your taxable income was $$$$. Based on this, your total tax before any credits was $$$, which includes an additional tax of $249 on your IRA distributions." The crazy thing is, I deleted my 1099-R forms from my return and it's still trying to incorrectly tax me! The software seems to have an error.
‎February 10, 2025
8:12 PM