BillM223
Expert Alumni

Retirement tax questions

"It is also not saving that I took the funds out after I was the age 59.5 years old" Now I understand what you meant.

 

Every time you go back to the screen "Money received before age 59 1/2", it's checked as Yes, even though you had marked at as No before.

 

This behavior confuses taxpayers, as you can imagine. Your No answer was preserved in TurboTax until you returned to that screen, then you have to answer No again.

 

There are a few screens like this in TurboTax. It has to do with the philosophy that some questions are so important that they need to be answered every time.

 

 You can prove that TurboTax is keeping your No answer by checking No and seeing the Refund Meter change (if you can see the Meter), then go back and let it be Yes - you should see the difference.

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