hudson4351
Returning Member

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.