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Retirement tax questions
In my case, the only discrepancy is in my included statement on my 2014 return, where I used $3000 as "The Amount Transferred (Recharacterization plus earnings or losses):", but it was actually $3136.78. The contribution amount was $3000. Does TurboTax parse/store the values you include in those statements? Does the IRS care if there is an error in them? I don't think the amount transferred is used anywhere in the actual tax calculations.
‎June 3, 2019
10:34 AM