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Retirement tax questions
I deleted the 1099-r for the life insurance/annuity and the amount on line 4b Form 1040 was reduced by the gross distribution amount of the life insurance cash out. I added the form back in, double checking every entry, with the same result. TurboTax is including the Gross distribution from the cash out in line 4b AS WELL as including the taxable amount in line 5b, adding them all together to come up with my taxable income. I will be calling Inuit support in the morning.
‎April 6, 2025
7:11 PM